First KCB, then Stanchart...only difference is KCB's rights was mammoth, whereas, stanchart's is miniscual.

I predict Stanchart rights will be at 68Bob a piece.

I doubt stanchart will take a turn and hit the rocks like KCB to reflect the rights as the issue is a mere 10%, most of which will be picked up by PLC(about 22.8M shares), while the remaining 7.2M or so will be picked up by the rest.

Thoughts? comments?

How did you come to this price???quite cheap!!!

IM SORRY, MY BAD, ITS 93BOB!!!

They want to raise Kshs2.5B, with a new creation of 27M shares, that give u 92.569 or something of the sort...

I have tempted fate with half of my holding at 270,the rest is history.Cash is not a position to be at the moment,so tomorrow i have to find a home for the proceeds.

@ Horton:

I agree with your assessment.

The bank is about to announce the Half year results (last year it was on August 5th). I expect the announcement to include the following:
I)Details of the rights issue - A price of Ksh 93 and a rights issue of 1:10 is what you arrive at if the bank still aims to raise Ksh 2.5B from 27M new shares.
II)The half year results with at least above 30% growth y-o-y. This would make its growth trajectory almost similar to equity bank with much better per share pricing at current market price.
III)A half year dividend as is the tradition of the bank.

If all the above expectations come to pass, then the SCBK share will be trading at the Ksh 300-320 range as investors rush to buy the share so as to qualify for the rights issue.

It is the share to watch post referendum, especially for the month of August 2010.

Happy hunting.