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KENGEN HY17
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VituVingiSana
#41 Posted : Thursday, April 06, 2017 1:29:22 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
Their target is to reach 10% shareholding and get a board seat

They should demanded that when they bought the "remainder" of the Rights Issue shares.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#42 Posted : Thursday, April 06, 2017 1:39:06 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@VVS
Since they are buying from the market at prevailing prices no need to put a demand notice.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#43 Posted : Thursday, April 06, 2017 1:59:08 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
@VVS
Since they are buying from the market at prevailing prices no need to put a demand notice.



@ericsson,is there hope for a dvd in october? ama itakuwa kama last year.
Towards the goal of financial freedom
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sparkly
#44 Posted : Thursday, April 06, 2017 2:14:57 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
Their target is to reach 10% shareholding and get a board seat


Where will 10% come from, surely?

They will have to buy out all Wanjikus.
Life is short. Live passionately.
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Ericsson
#45 Posted : Thursday, April 06, 2017 2:20:32 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
sparkly wrote:
Ericsson wrote:
Their target is to reach 10% shareholding and get a board seat


Where will 10% come from, surely?

They will have to buy out all Wanjikus.


They are at 6.6%
They need about 220mn shares to reach 10%
As at today 4.33mn shares have been traded
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#46 Posted : Thursday, April 06, 2017 2:22:19 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ebenyo wrote:
Ericsson wrote:
@VVS
Since they are buying from the market at prevailing prices no need to put a demand notice.



@ericsson,is there hope for a dvd in october? ama itakuwa kama last year.


Now that they got the full funds they wanted;dividend most likely itakuwa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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moneydust
#47 Posted : Thursday, April 06, 2017 2:41:11 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
Ericsson wrote:
kawi254 wrote:


PIC of SA has been the big buyer of Kengen shares in the market and after taking the untaken rights issue will have 6.62% shareholding.

ION, our own NSSF who used to be the 2nd largest shareholder vanished from shareholders list of KenGen


NSSF will be back in the top 10 shareholder list at their right time


You couldn't be more wrong. NSSF is among the top ten shareholders of Kengen,its only that,due to the change in the law, its interest is held under various custodial managers.
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Ericsson
#48 Posted : Thursday, April 06, 2017 2:44:24 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
moneydust wrote:
Ericsson wrote:
kawi254 wrote:


PIC of SA has been the big buyer of Kengen shares in the market and after taking the untaken rights issue will have 6.62% shareholding.

ION, our own NSSF who used to be the 2nd largest shareholder vanished from shareholders list of KenGen


NSSF will be back in the top 10 shareholder list at their right time


You couldn't be more wrong. NSSF is among the top ten shareholders of Kengen,its only that,due to the change in the law, its interest is held under various custodial managers.


You are also wrong.The custodial manager for NSSF is normally stated in the report.
NSSF is not in the top ten of KENGEN shareholders
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#49 Posted : Thursday, April 06, 2017 2:45:58 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
moneydust wrote:
Ericsson wrote:
kawi254 wrote:


PIC of SA has been the big buyer of Kengen shares in the market and after taking the untaken rights issue will have 6.62% shareholding.

ION, our own NSSF who used to be the 2nd largest shareholder vanished from shareholders list of KenGen


NSSF will be back in the top 10 shareholder list at their right time


You couldn't be more wrong. NSSF is among the top ten shareholders of Kengen,its only that,due to the change in the law, its interest is held under various custodial managers.


You are also wrong.The custodial manager for NSSF is normally stated in the report.
NSSF is not in the top ten of KENGEN shareholders
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
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moneydust
#50 Posted : Thursday, April 06, 2017 3:29:09 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
Ericsson wrote:
moneydust wrote:
Ericsson wrote:
kawi254 wrote:


PIC of SA has been the big buyer of Kengen shares in the market and after taking the untaken rights issue will have 6.62% shareholding.

ION, our own NSSF who used to be the 2nd largest shareholder vanished from shareholders list of KenGen


NSSF will be back in the top 10 shareholder list at their right time


You couldn't be more wrong. NSSF is among the top ten shareholders of Kengen,its only that,due to the change in the law, its interest is held under various custodial managers.


You are also wrong.The custodial manager for NSSF is normally stated in the report.
NSSF is not in the top ten of KENGEN shareholders



Take it from me, NSSF is in the top ten shareholders list of Kengen. Refer again to Kengen annual report,the report does not disclose who are the direct beneficiaries of the shares held in various nominee accounts.To prove my point I would urge you to get a copy of the funds financial statement for 2016.
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