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KCB rights issue
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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No hurry to get in... will wait to buy once investors start offloading the rights issues. Life is short. Live passionately.
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Rank: Member Joined: 2/8/2007 Posts: 808
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This is a monkey in the making. There will be a lot of rights on offer, just watch this space. You can be raising capital every two years and have nothing great to show about it.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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true that its a course in vain i pity the guys who got in at 25 and dont have money to buy the rights now they sell at a loss, what a life sigh!! LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Veteran Joined: 6/2/2010 Posts: 1,090
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And now the books closure date has been moved to 15th June, so as to give the public more time to buy the share cum rights......I just want then to announce the rights price already!
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Rank: Member Joined: 2/8/2007 Posts: 808
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Rights price is 17 bob. I really wouldn't wish to be in Martin's shoes nor Standard Investment bank's. This will be a case of selling matumbo in a market of sirloin and rump steaks. There are quite a number of well priced stocks with great prospects including in banking for one to even sit down for a discussion on KCB rights.
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Rank: Member Joined: 9/12/2009 Posts: 312
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@ kausha yes its Matumbo but what about those who are holding the shares? If they don't pick the rights they will make a big loss... Have they sent out the forms already? I only got my dividend cheque, no communication on the rights issue.
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Rank: Veteran Joined: 1/7/2010 Posts: 1,279 Location: nbi
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I recall Mumias' ofs in 2006. KCB has the whiff of the same. The Governor of Nyeri - 2017
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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kyt wrote:true that its a course in vain i pity the guys who got in at 25 and dont have money to buy the rights now they sell at a loss, what a life sigh!! Rights can be sold. If you exercise or sell your wealth is preserved. You ignore you lose wealth Life is short. Live passionately.
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Rank: Member Joined: 2/20/2007 Posts: 359
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At best, am disillusioned by KCB. It is an oxymoron. The only sensible investment that doesn't make me money. The biz is profitable but as a shareholders it continues to lose me value... as someone pointed out, I can bet they will be back in 2012 for more for very much the same reasons, diluting my value even further.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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@ sparky what if i dont have money to buy right now? they just did not do their maths right this time round, but then again even last time they didnt. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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