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Kengen success
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Aguytrying
#521 Posted : Thursday, June 30, 2016 3:49:33 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
One positive other than the successful rights is that institutional investors have increased via rump up and new applications. I think they are in it for the dividend.
The investor's chief problem - and even his worst enemy - is likely to be himself
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obiero
#522 Posted : Thursday, June 30, 2016 6:31:40 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,329
Location: nairobi
mlennyma wrote:
sparkly wrote:
mlennyma wrote:
sparkly wrote:
mlennyma wrote:
sparkly wrote:
mlennyma wrote:
streetwise wrote:
Kengen right will proof to have been a rip off one day.

There is little you expect from this share unless you want to count the rate of increase of dams

An exercise where the government was smart not to spend a coin in cash.



Not true.

Treasury borrowed monies from development partners at concessionary rates and on-lend to Kengen. Kengen was servicing interest on the on-lend amounts to Treasury.

thank you for being the few who trust the government


I actually didn't trust the government. But I am willing to stick my neck out where the general market mood is too fearful. My target is 150% upside.

my only dispute is that the market will offer a better discount than the rights which could have made you richer than you will be,no doubt you will make some money


Inshallah. I await Mr. markets Discount's. I have set aside some cash for more Kengen at 5-6 and Equity 30-35.

it's however not a big deal for Kengen to clock 15-20 in a bull market

That will take time. Glad I sold off
COOP, IMH, KEGN, KQ, MTNU
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VituVingiSana
#523 Posted : Thursday, June 30, 2016 7:59:40 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,383
Location: Nairobi
obiero wrote:
enyands wrote:
Ebenyo wrote:
obiero wrote:
opted to offload today at 6.90

why?


Obiero is someone you will never understand. He will swim against the current, he will sprint when people are running and crawl when people are sprinting .

He will inform you he sold kengen to buy more kq ...wait and see

Try and understand that I trade on insider information. I stay atleast 2 weeks ahead of most. Sometimes, months ahead depending on the firm

“With enough insider information and a million dollars, you can go broke in a year.“ - Warren Buffett
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#524 Posted : Thursday, June 30, 2016 8:01:19 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,383
Location: Nairobi
mlennyma wrote:
sparkly wrote:
mlennyma wrote:
streetwise wrote:
Kengen right will proof to have been a rip off one day.

There is little you expect from this share unless you want to count the rate of increase of dams

An exercise where the government was smart not to spend a coin in cash.



Not true.

Treasury borrowed monies from development partners at concessionary rates and on-lend to Kengen. Kengen was servicing interest on the on-lend amounts to Treasury.

thank you for being the few who trust the government

Laughing out loudly Laughing out loudly Laughing out loudly @miennyma
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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jgithige
#525 Posted : Thursday, June 30, 2016 8:24:14 PM
Rank: Member

Joined: 7/10/2014
Posts: 145
Location: Nairobi
Shame on you
VituVingiSana wrote:
mlennyma wrote:
sparkly wrote:
mlennyma wrote:
streetwise wrote:
Kengen right will proof to have been a rip off one day.

There is little you expect from this share unless you want to count the rate of increase of dams

An exercise where the government was smart not to spend a coin in cash.



Not true.

Treasury borrowed monies from development partners at concessionary rates and on-lend to Kengen. Kengen was servicing interest on the on-lend amounts to Treasury.

thank you for being the few who trust the government

Laughing out loudly Laughing out loudly Laughing out loudly @miennyma


Clever way by Gava. It wud have been a challenge to sell one right at Ksh 13.3 so creatively 2 rights for everyone held at Ksh 6.65
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Cornelius Vanderbilt
#526 Posted : Friday, July 01, 2016 2:08:29 AM
Rank: Member

Joined: 8/15/2015
Posts: 817
goverment uptake of its rights saved the rights issue but clearly the market isnot interested in the rights

http://www.businessdaily...92/-/oq7vm4/-/index.html
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sparkly
#527 Posted : Friday, July 01, 2016 3:44:30 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
The spirit on this thread.... many would have wanted to see the Kengen rights flop Sad
Life is short. Live passionately.
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obiero
#528 Posted : Friday, July 01, 2016 4:01:26 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,329
Location: nairobi
sparkly wrote:
The spirit on this thread.... many would have wanted to see the Kengen rights flop Sad

The success was hinged on 70% government ownership and its conversion of debt to equity. Ideally, very little new cash has been pumped in. The key question is.. Did the government pay Sh6.3 billion in cash for its uptake of shares?? Next year is 2017 my friends.. I have some data on this one hence reason for bailing out at KES 6.90. Thank me later
COOP, IMH, KEGN, KQ, MTNU
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  | | Edit by user: Friday, July 01, 2016 4:06 PM | Reason: Not specified
Ericsson
#529 Posted : Friday, July 01, 2016 4:09:21 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,822
Location: NAIROBI
@Obiero
Punguza temper you can't win everytime so for those who particpated wish them well.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Aguytrying
#530 Posted : Friday, July 01, 2016 4:26:18 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
sparkly wrote:
The spirit on this thread.... many would have wanted to see the Kengen rights flop Sad


lol. I agree guys too negative even bitter. ive reduced my criticism.
The investor's chief problem - and even his worst enemy - is likely to be himself
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