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Rea Vipingo takeover at 40/= per share
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muganda
#81 Posted : Monday, February 03, 2014 6:43:46 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
mwekez@ji wrote:
http://www.businessdailyafrica....2/-/1o9qxcz/-/index.html


The article speaks of a new turn, what new turn?
Www.Bid Investments cum Kenyaology cum Vania Investment Pool were opportunists from the beginning.

It is important for investors to realize there are only two options here -
+ Sisal Production under Robinows or
- Land Speculation under Centum and the much worse vulture lot.

Land Speculation is not Property Management, the likes of Laxmanbhai/Knight Frank deal in Development and Property Management; they would easily find much more attractive land assets to generate ROE for investors.

The jury is out on Centum's Pearl Marina/Two Rivers developments, which currently have their hands filled to the brim.
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  | | Edit by user: Monday, February 03, 2014 7:09 PM | Reason: Not specified
mwekez@ji
#82 Posted : Wednesday, February 05, 2014 10:20:27 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
CMA sets deadline for Rea Vipingo offers as 28 February 2014.

The Capital Markets Authority has set a deadline of 28 February 2014 for notice by any person intending to make a new offer. In case of variation of any existing offer, the party shall also be required to serve the requisite notice by the same date. The timetable of the offers may then be harmonized to enable shareholders make an informed decision. There are currently three bidders for shares of Rea Vipingo, the largest sisal producer in Africa; Vania Investment Pool Limited with an offer price of KES 55 per share; Centum KES 50 (made on 3 December) and Rea Trading KES 40 (made on 13 November). (Company filing, Standard Investment Bank)
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muganda
#83 Posted : Wednesday, February 05, 2014 2:20:12 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Thanks for the update herr mwekez@ji.

Meanwhile:
1. Dilesh Somchand Bid of BTB Insurance Brokers, owner of Www.Bid Investments the 3rd bidder, is the son to one of the pioneer owners of sisal and coffee farms in Kenya in the 1960s. He could herald a return of the family business back to sisal.

2. The bulk of Rea Vipingo's group sales are made to a related party Wigglesworth at market price. Wigglesworth fibres distributes approx. 50% of total world sisal market.
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Horton
#84 Posted : Wednesday, February 05, 2014 4:04:19 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
muganda wrote:
mwekez@ji wrote:
http://www.businessdailyafrica....2/-/1o9qxcz/-/index.html


The article speaks of a new turn, what new turn?
Www.Bid Investments cum Kenyaology cum Vania Investment Pool were opportunists from the beginning.

It is important for investors to realize there are only two options here -
+ Sisal Production under Robinows or
- Land Speculation under Centum and the much worse vulture lot.

Land Speculation is not Property Management, the likes of Laxmanbhai/Knight Frank deal in Development and Property Management; they would easily find much more attractive land assets to generate ROE for investors.

The jury is out on Centum's Pearl Marina/Two Rivers developments, which currently have their hands filled to the brim.



Knight frank are just agents. They don't usually develop.
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sorovi
#85 Posted : Monday, March 03, 2014 1:00:19 PM
Rank: Member

Joined: 8/3/2007
Posts: 146
Quote:
REA Trading Limited has offered shareholders of Rea Vipingo Plantations Limited a higher price for their stake in the listed sisal producer and an opportunity to benefit from future windfalls.

The firm is now offering a premium offer price of Sh70 per share. In addition to this, shareholders who accept the R.E.A Trading offer will be entitled to a pro-rata share of dividends or distributions of proceeds from future sale of land for up to Sh15 per share.


Link
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Kenyan Oracle
#86 Posted : Monday, March 03, 2014 6:39:00 PM
Rank: Member

Joined: 5/31/2011
Posts: 262
sorovi wrote:
Quote:
REA Trading Limited has offered shareholders of Rea Vipingo Plantations Limited a higher price for their stake in the listed sisal producer and an opportunity to benefit from future windfalls.

The firm is now offering a premium offer price of Sh70 per share. In addition to this, shareholders who accept the R.E.A Trading offer will be entitled to a pro-rata share of dividends or distributions of proceeds from future sale of land for up to Sh15 per share.


Link


The deal gets sweeter. There's something about this Rea Vipingo
You lose money chasing women, but you never lose women chasing money - NAS
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VituVingiSana
#87 Posted : Tuesday, March 04, 2014 12:38:52 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Thank Centum for bidding at 50/- (vs the original 40 offered) that forced the final offer to 70-85.

http://www.businessdaily...0/-/9nx4gbz/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Wednesday, March 05, 2014 12:14 AM | Reason: Not specified
Aguytrying
#88 Posted : Tuesday, March 04, 2014 8:37:10 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
[quote=VituVingiSana]Thank Centum for the generous offer (85/-) otherwise it would gone at 40/-

http://www.businessdaily.../-/9nx4gbz/-/index.html[/quote]

and to think I sold this share at 19.xx. I think its not wise to sell good companies as long as they are good and well run.
The investor's chief problem - and even his worst enemy - is likely to be himself
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cnn
#89 Posted : Wednesday, March 05, 2014 2:53:33 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
Centum places a higher offer @ 75.Let us see how REA trading responds now that their 70 shillings offer has been upped.
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muganda
#90 Posted : Wednesday, March 05, 2014 4:09:00 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
What was the meaning of the CMA cut-off date?
I thought it meant everyone was to strap their boots, count their money, and make the best offer once and for all, by that same date?

This approach of Centum always adding 5/= more. Then Vania Investments. Then REAT again... Then then then!!!

When will the whole matter close?
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