Wazua
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Unga limited takeover
Rank: Elder Joined: 6/23/2009 Posts: 14,327 Location: nairobi
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AGM at KSG Kiambu on 06.12.2018 COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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No. 4 - Unga Group Limited: Top 5 Listed Companies In Kenya: Invest In Africa @Nabo Capital https://www.youtube.com/watch?v=8yQoTp4a6VI
100/- in 2013 to 226/- in 2018 (126% in 5 years) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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Another vid from Pius Mugo of Nabo Capital https://www.youtube.com/...HY&feature=youtu.be
Unga mentioned Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 12/23/2018 Posts: 38 Location: germany
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I am not sure but i think that they hold majority of the company. Maybe somebody from the forum can correct me. I think that the price they are offering is a little low. They should more than that. What do you think guys? Given the market value and conditions, is the price right?
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Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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No cash? Give maize. Good for Unga https://www.businessdail...6792-5sb3o1z/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,327 Location: nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:Pesa Nane wrote:CMA mpo?  Holding out for what? An intelligent investor would have cashed out at KES 40 despite the wishy-washy judgment of NAV/fair value, the world is not fair, never has been.. Tunangoja "Open Offer" ne wengine 30% of the shares are out there  Lol. That was a funny comeback. Pole lakini mzee wangu 40% profitability dip. The world is not fair.. COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,327 Location: nairobi
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obiero wrote:tandich wrote: It seems many shareholder's don't agree Seaboard Corporation's very penurious valuation. I'm surprise the board, which I suspect is captured, recommended it. It's curious that they blame the post for their failure. @VituVingiSana hold on. Maybe someone will launch a counter-offer offer at the 11th Hour. Additional time is just enough to almost preclude a counter.-offer Smart business by Seaboard. Quote: During the Offer period, Seaboard has received numerous queries from Unga shareholders with requests for resubmission of the Offer documents that were originally dispatched to them via post by the Registrars. This is primarily attributed to the changes in postal addresses and/or relocation of shareholders whose new details are not updated with the Central Depository and Settlement Corporation.
In order to allow more time for shareholders to consider the Seaboard Offer and respond accordingly, Seaboard has obtained the approval of the Capital Markets Authority to extend the Closing Date by 10 working days. The Seaboard Offer will now close at 5.00pm on Thursday 28th June 2018.
Save as noted above, the terms and conditions of the Seaboard Offer as set out in the Seaboard Offer Document shall continue to apply. There shall be no counter offer. It is God who has come to the rescue of those that were undecided God himself offered a way out but some chose to hang on to a sinking ship COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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obiero wrote:obiero wrote:tandich wrote:It seems many shareholder's don't agree Seaboard Corporation's very penurious valuation. I'm surprise the board, which I suspect is captured, recommended it. It's curious that they blame the post for their failure. @VituVingiSana hold on. Maybe someone will launch a counter-offer offer at the 11th Hour. Additional time is just enough to almost preclude a counter.-offer Smart business by Seaboard. Quote: During the Offer period, Seaboard has received numerous queries from Unga shareholders with requests for resubmission of the Offer documents that were originally dispatched to them via post by the Registrars. This is primarily attributed to the changes in postal addresses and/or relocation of shareholders whose new details are not updated with the Central Depository and Settlement Corporation.
In order to allow more time for shareholders to consider the Seaboard Offer and respond accordingly, Seaboard has obtained the approval of the Capital Markets Authority to extend the Closing Date by 10 working days. The Seaboard Offer will now close at 5.00pm on Thursday 28th June 2018.
Save as noted above, the terms and conditions of the Seaboard Offer as set out in the Seaboard Offer Document shall continue to apply. There shall be no counter offer. It is God who has come to the rescue of those that were undecided God himself offered a way out but some chose to hang on to a sinking ship Unga is profitable. It also paid a dividend for FY 2018. My dividend for 1 Unga share was greater than than the profits KQ has made in the last 5 years Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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Unga steps up competition with Eldoret wheat plant https://www.businessdail...01378-g7kc91/index.html
"The company already has an existing line besides the new “state-of-the-art” plant expected to more than double capacity." The new capacity is probably more efficient.
"The line, earlier slated for commissioning in October, was opened in mid-December, according to the firm chief executive officer Nick Hutchinson." Revenue and costs in 2H may increase. Profits may be tougher to come by given the issues surrounding maize, competition, drought and politics. "plans to install a soya meal production line at its Dakar Road, Nairobi, plant in the course of the 2018/2019 financial year." Long-term planning.Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,327 Location: nairobi
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VituVingiSana wrote:Unga steps up competition with Eldoret wheat plant https://www.businessdail...01378-g7kc91/index.html
"The company already has an existing line besides the new “state-of-the-art” plant expected to more than double capacity." The new capacity is probably more efficient.
"The line, earlier slated for commissioning in October, was opened in mid-December, according to the firm chief executive officer Nick Hutchinson." Revenue and costs in 2H may increase. Profits may be tougher to come by given the issues surrounding maize, competition, drought and politics. "plans to install a soya meal production line at its Dakar Road, Nairobi, plant in the course of the 2018/2019 financial year." Long-term planning. I wish you well mzee COOP, IMH, KEGN, KQ, MTNU
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