Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:HaMaina wrote:obiero wrote:HaMaina wrote:obiero wrote:KQ shares, which have tripled in value since the November restructuring, jumped 5.9 percent to 17.15 shillings ($0.1666) on Thursday 11.01.2018 Bwana Obiero, these shares have not tripled in any value, there was consolidation, they should be trading at Ksh 22.00 plus to have any meaningful increase in value. @HaMaina you are not having the full details of KQ restructuring.. Do not confuse existing minority shareholders with the share action. These are two mutually exclusive parties. The share did touch a low of KES 2.1 and a high of KES 18.5. Average KES 5.5 to current price of KES 17.5.. It has tripled albeit with absent volume.. For majority shareholders, including GoK, KQ Lenders Co Ltd and KLM, it has doubled from KES 8.52 Please explain, If I bought 10,000 Shares at the rate then of 5.50 Ksh, ( 10,000*5.50 = 55,000Ksh value) today I have 2,500 shares at 17.50 ( 2,500*17.50 = 43,750 Ksh ). Im not sure if the par value changed to cover the consolidation. Look only at trades effected after the restructuring, consolidation and eventual relisting since the Open Offer in regards to ratio details remain relatively unknown apart from the fact that the Open Offer price will be less than KES 8.52 John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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