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Kengen success
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cocuphil
#241 Posted : Wednesday, May 18, 2016 5:23:18 PM
Rank: Hello

Joined: 5/18/2016
Posts: 2
this is gonna be a long haul cruise, but still I think staying back and doing nothing about your allotted rights will be just as disastrous since either way you are going to face dilution. you'd rather float them chances might be they will be taken up by long term speculators.
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wukan
#242 Posted : Thursday, May 19, 2016 3:08:33 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,652
sparkly wrote:
sparkly wrote:
hisah wrote:
Sufficiently Philanga....thropic wrote:

A much clearer cartoonsmile
Rising volumes with falling prices.
RSI, Bollinger bands all pointing to overselling.


@sparkly, hope you are holding out long term. We still have the Oct 2016 date when we review KEGN again. My target is 4/- with the rights issue thrown into the dustbin!


Got myself some more at 5.50 yesterday. My bid for another lot at 5.00 today didn't go through.

I keep on buying as the sellers capitulate. I have a feeling that rights will be priced way above 5.50 so i am having my rights right now.


Time for review.
Doubled my holdings at 5.50 and thereabouts. Since the rights price is confirmed at 6.55, I will only be taking half of my allotted rights.

Not keen to allocate too much of my networth in Kengen so i will sell the remaining half of the rights in the market.


Glad you see the wisdom in not allocating too much capital here. Look at the annual report and see how much they spend on employee expenses 4.2b and then under operating expenses welfare and benefits 346m, under related party transaction staff advances 103m. This is an employee welfare scheme.Laughing out loudly Laughing out loudly

As an equity holder i want a dividend yield slightly below the 91 day tbill




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mlennyma
#243 Posted : Friday, May 20, 2016 10:53:34 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Should we expect another hold,6.50 prints before the game starts making it a monkey business ,mr market is fearless.
"Don't let the fear of losing be greater than the excitement of winning."
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mthaka
#244 Posted : Friday, May 20, 2016 11:33:46 AM
Rank: Member

Joined: 9/30/2013
Posts: 254
why buy the rights at a price higher than in the market
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hisah
#245 Posted : Friday, May 20, 2016 11:48:15 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Sub rights price before May 23rd!

@sparkly this is what I was scoping if they did a dilutive rights. KQ 2012 all over again... Let's see where the price will be in Oct 2016 for our review. I think my 4.00 call was generous!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma
#246 Posted : Friday, May 20, 2016 11:50:30 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
mthaka wrote:
why buy the rights at a price higher than in the market

the winners are the poor rights advisers,the shareholders save yourself
"Don't let the fear of losing be greater than the excitement of winning."
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Aguytrying
#247 Posted : Friday, May 20, 2016 12:09:25 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Sub rights price before May 23rd!

@sparkly this is what I was scoping if they did a dilutive rights. KQ 2012 all over again... Let's see where the price will be in Oct 2016 for our review. I think my 4.00 call was generous!


Precisely senior chartist. It is more of an IPO, so dilutive, gava conveniently staying " converting debt to equity" the eps valuations of recent reporting are to fatten the cow. Besides it has historically traded at a low pe same as kplc
The investor's chief problem - and even his worst enemy - is likely to be himself
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h2s
#248 Posted : Friday, May 20, 2016 1:21:12 PM
Rank: Member

Joined: 7/20/2012
Posts: 141
hisah wrote:
Sub rights price before May 23rd!

@sparkly this is what I was scoping if they did a dilutive rights. KQ 2012 all over again... Let's see where the price will be in Oct 2016 for our review. I think my 4.00 call was generous!

The price will surely spike up before the elections, someone has to make some campaign money. Hoping to ride upto that point.
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muandiwambeu
#249 Posted : Friday, May 20, 2016 1:32:52 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
h2s wrote:
hisah wrote:
Sub rights price before May 23rd!

@sparkly this is what I was scoping if they did a dilutive rights. KQ 2012 all over again... Let's see where the price will be in Oct 2016 for our review. I think my 4.00 call was generous!

The price will surely spike up before the elections, someone has to make some campaign money. Hoping to ride upto that point.

hoping against hope. so how do I put figures in this hope investing strategy. pesa ya campaign ndio tunakula xaxa, Na wale awajatengeza, hela ndio imekwa NSE na inachujwa ikitoka bila huruma. kutamalizwa. bliririr
hope somebody sold in time, otherwise alsoalrite
,Behold, a sower went forth to sow;....
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guru267
#250 Posted : Friday, May 20, 2016 1:38:32 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
The rights issue is already a success because of GOK's undertaking. The less the subscription the less the dilution and the more the value.

Kengen at current prices is a steal for anyone holding for the next five year cycle.
Mark 12:29
Deuteronomy 4:16
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