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Unga limited takeover
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VituVingiSana
#241 Posted : Saturday, July 21, 2018 1:21:13 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Don't cry for me, Obiero

I will not forget you
All these years
You have told me
NAV doesn't matter
But the Open Offer does...

Don't cry for me, Obiero

You have told me
Promises can carry me through
Even after all the baking
Through Ennsvalley
The fingering and losses
And a lowball offers
Thank to insider dealings
I still have positive equity
And no government bailout
And a never ending promise
Of an Open Offer...

Don't cry for me, Obiero

As long as Unga
Is a going concern
Even without an Open Offer
It might not make me rich
Beyond my wildest dreams
But I still get a dividend
And not regular promises
Of an Open Offer...

Don't cry for me, Obiero

I have Isabella and Nick
Who have betrayed me
And Andrew and James
Lurking in the wings
But I await Seaboard
To sweeten the offer
And save me from the promise
Of an Open Offer...

Don't cry for me, Obiero
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#242 Posted : Saturday, July 21, 2018 1:27:14 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Mastermind wrote:
xxxxx wrote:
Ericsson wrote:
mlennyma wrote:
Angelica _ann wrote:
VituVingiSana wrote:
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]


They failed flat on their bid.

what next?price fall?or price rise as they continue to chase the remaining %


Price will fall with a thump
Good! As a net buyer, I like it! Applause Applause Applause

Time for @vvs and co shareholders in the minority to canvas and avoid being screwed.

They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say.

The offer by Seaboard has put a floor of sorts under the share price.

I was not a seller at 40 (NAV 50+) so I will try to buy the shares of those who Wasaliti who want out and I hope at less than 40. Seaboard wants to takeover Unga and it will be back. Patience is key.
In the meantime, based on 1H results, 2H should be a good half too!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#243 Posted : Saturday, July 21, 2018 8:55:45 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
VituVingiSana wrote:
Mastermind wrote:
xxxxx wrote:
Ericsson wrote:
mlennyma wrote:
Angelica _ann wrote:
VituVingiSana wrote:
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]


They failed flat on their bid.

what next?price fall?or price rise as they continue to chase the remaining %


Price will fall with a thump
Good! As a net buyer, I like it! Applause Applause Applause

Time for @vvs and co shareholders in the minority to canvas and avoid being screwed.

They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say.

The offer by Seaboard has put a floor of sorts under the share price.

I was not a seller at 40 (NAV 50+) so I will try to buy the shares of those who Wasaliti who want out and I hope at less than 40. Seaboard wants to takeover Unga and it will be back. Patience is key.
In the meantime, based on 1H results, 2H should be a good half too!

Hapa mzee umenoa, nothing like a floor of sorts; Seaboard offered the purchase at a premium, Unga shares were trading circa KES 30 prior to the once in a lifetime offer and are likely to trend downwards first thing on Monday.. I wish you well though

KQ ABP 4.26
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  | | Edit by user: Saturday, July 21, 2018 8:57 AM | Reason: Not specified
Realtreaty
#244 Posted : Saturday, July 21, 2018 11:01:46 AM
Rank: Elder

Joined: 8/16/2011
Posts: 2,386
smile If they want to still pursue the stock they have to buy more from the market using proxies to attain what they want and then come back and try a buy at same price or @ 45
The Govt has some shares in this firm and would not want a food commodity company to be controlled from Without.
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Ericsson
#245 Posted : Saturday, July 21, 2018 11:29:17 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Realtreaty wrote:
smile If they want to still pursue the stock they have to buy more from the market using proxies to attain what they want and then come back and try a buy at same price or @ 45
The Govt has some shares in this firm and would not want a food commodity company to be controlled from Without.


GoK through which vehicles and what is the stake
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#246 Posted : Saturday, July 21, 2018 11:47:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Mastermind wrote:
xxxxx wrote:
Ericsson wrote:
mlennyma wrote:
Angelica _ann wrote:
VituVingiSana wrote:
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]


They failed flat on their bid.

what next?price fall?or price rise as they continue to chase the remaining %


Price will fall with a thump
Good! As a net buyer, I like it! Applause Applause Applause

Time for @vvs and co shareholders in the minority to canvas and avoid being screwed.

They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say.

The offer by Seaboard has put a floor of sorts under the share price.

I was not a seller at 40 (NAV 50+) so I will try to buy the shares of those who Wasaliti who want out and I hope at less than 40. Seaboard wants to takeover Unga and it will be back. Patience is key.
In the meantime, based on 1H results, 2H should be a good half too!

Hapa mzee umenoa, nothing like a floor of sorts; Seaboard offered the purchase at a premium, Unga shares were trading circa KES 30 prior to the once in a lifetime offer and are likely to trend downwards first thing on Monday.. I wish you well though

And REA were trading at 27 when Robinows offered 40 and finally Centum paid 85 ... No, I do not think Seaboard will offer 85 but the Adjusted NAV was 67 according to the Circular/Valuation by Faida.
Thanks for your good wishes.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Superprime1
#247 Posted : Monday, July 23, 2018 10:17:43 AM
Rank: Member

Joined: 5/2/2018
Posts: 267
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Mastermind wrote:
xxxxx wrote:
Ericsson wrote:
mlennyma wrote:
Angelica _ann wrote:
VituVingiSana wrote:
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]


They failed flat on their bid.

what next?price fall?or price rise as they continue to chase the remaining %


Price will fall with a thump
Good! As a net buyer, I like it! Applause Applause Applause

Time for @vvs and co shareholders in the minority to canvas and avoid being screwed.

They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say.

The offer by Seaboard has put a floor of sorts under the share price.

I was not a seller at 40 (NAV 50+) so I will try to buy the shares of those who Wasaliti who want out and I hope at less than 40. Seaboard wants to takeover Unga and it will be back. Patience is key.
In the meantime, based on 1H results, 2H should be a good half too!

Hapa mzee umenoa, nothing like a floor of sorts; Seaboard offered the purchase at a premium, Unga shares were trading circa KES 30 prior to the once in a lifetime offer and are likely to trend downwards first thing on Monday.. I wish you well though

And REA were trading at 27 when Robinows offered 40 and finally Centum paid 85 ... No, I do not think Seaboard will offer 85 but the Adjusted NAV was 67 according to the Circular/Valuation by Faida.
Thanks for your good wishes.

Activist investors have done a fantastic job in blindsiding corporate undertakers! This should warn those hiding behind the "we've-complied-with-CMA-requirements" notion to rip off helpless minority shareholders.
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rwitre
#248 Posted : Monday, July 23, 2018 12:38:50 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
VituVingiSana wrote:
1) I have until 28th June to decide. It also happens to be (almost) the end of FY 2018 so Seaboard wants to "eat" the 1H and 2H profits. The 40/- was announced a while ago when 1H results were not out.

2) The "Adjusted NAV" of Unga is 67 according to the IFA.

3) @Obiero - I do not believe there will be a counter offer since Victus has sided with Seaboard. It's interesting to note that Victus is NOT selling at 40/-.

4)@tandich - the board has sold us out BUT look closely and it's no surprise. Only Obath and Haria don't have a (financial) relationship with either Victus/Ndegwas or Seaboard.

5) Anyway, 14 more days left ;-)



When you know the value of what you hold.

"Put a better offer on the table or ship out"
Kudos to those who stuck to their guns
Applause Applause
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obiero
#249 Posted : Monday, July 23, 2018 1:59:02 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Superprime1 wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Mastermind wrote:
xxxxx wrote:
Ericsson wrote:
mlennyma wrote:
Angelica _ann wrote:
VituVingiSana wrote:
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]


They failed flat on their bid.

what next?price fall?or price rise as they continue to chase the remaining %


Price will fall with a thump
Good! As a net buyer, I like it! Applause Applause Applause

Time for @vvs and co shareholders in the minority to canvas and avoid being screwed.

They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say.

The offer by Seaboard has put a floor of sorts under the share price.

I was not a seller at 40 (NAV 50+) so I will try to buy the shares of those who Wasaliti who want out and I hope at less than 40. Seaboard wants to takeover Unga and it will be back. Patience is key.
In the meantime, based on 1H results, 2H should be a good half too!

Hapa mzee umenoa, nothing like a floor of sorts; Seaboard offered the purchase at a premium, Unga shares were trading circa KES 30 prior to the once in a lifetime offer and are likely to trend downwards first thing on Monday.. I wish you well though

And REA were trading at 27 when Robinows offered 40 and finally Centum paid 85 ... No, I do not think Seaboard will offer 85 but the Adjusted NAV was 67 according to the Circular/Valuation by Faida.
Thanks for your good wishes.

Activist investors have done a fantastic job in blindsiding corporate undertakers! This should warn those hiding behind the "we've-complied-with-CMA-requirements" notion to rip off helpless minority shareholders.

Have you seen the price today?

KQ ABP 4.26
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VituVingiSana
#250 Posted : Monday, July 23, 2018 4:35:47 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
https://www.youtube.com/watch?v=F69PBQ4ZyNw
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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