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KPLC - Great results 2010
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youcan'tstopusnow
#71 Posted : Friday, August 27, 2010 7:05:06 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
While GOK is busy trying to increase its stake in KPLC, the Nigerian Government is to sell off the state power monopoly www.bbc.co.uk/news/mobile/world-africa-11098224
GOD BLESS YOUR LIFE
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  | | Edit by user: Friday, August 27, 2010 9:58 AM | Reason: Not specified
youcan'tstopusnow
#72 Posted : Sunday, August 29, 2010 10:41:36 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
the deal wrote:
2012 wrote:
the deal wrote:
I hear the conversion of the pref shares will be 1:1...then the rights...

You hear from?....

smile smile
cant u see how the price is being held back...this stock is worth 400 bob but GOK is fully intend on taking ctrl here...so imgne a retail investor with 500 KPLC shares and no money for the rights...
@the deal must be reading some Namibian newspaper... 1:1 would mean my Ordinary Shares are WORTHLESS... and I would have to get my buddies together to sue them!

Better call your buddies then. www.standardmedia.co.ke/...0015815&cid=457&
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TUPAC
#73 Posted : Sunday, August 29, 2010 11:13:53 AM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
KPLC has slightly over 7000 shareholders and not 20000 as this article purports. so even the 1:1 conversion is a hoax.
the writer of the article is ignorant and didnt verify his information. this at its best is rumours!
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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youcan'tstopusnow
#74 Posted : Sunday, August 29, 2010 11:21:41 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Pac, the eastafrican has the same story. www.theeastafrican.co.ke...4/-/5dppw8z/-/index.html If both are lying, the Arturs should be called back and raze both of them to the ground
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  | | Edit by user: Sunday, August 29, 2010 11:26 AM | Reason: Not specified
TUPAC
#75 Posted : Sunday, August 29, 2010 11:36:57 AM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
they are not lying.they are ignorant.if the prefs were converted 1:1 then i think the gov. would have over 99 per cent shareholding before rights and not 75 per cent. do some quick maths.
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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TUPAC
#76 Posted : Sunday, August 29, 2010 11:43:03 AM
Rank: Member

Joined: 12/8/2009
Posts: 274
Location: Ltktk
at this point i think 1:1 conversion simply means the government will get 1 share for every existing ordinary share.
in this case then the government gets around 87 million more shares effectively redeeming 87 percent of their prefs.
...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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omega
#77 Posted : Sunday, August 29, 2010 2:48:28 PM
Rank: Member

Joined: 6/9/2009
Posts: 85
TUPAC wrote:
they are not lying.they are ignorant.if the prefs were converted 1:1 then i think the gov. would have over 99 per cent shareholding before rights and not 75 per cent. do some quick maths.


There are 79M total issued shares. 1:1 conversion ratio would mean the government gets an additional 79M shares. At the moment it has 40%, i.e. 31.6M shares (79*.4)

So after the conversion, the government's stake will be (79+31.6)/(79+79), which is about 70%.
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PKoli
#78 Posted : Sunday, August 29, 2010 3:51:02 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
omega wrote:
TUPAC wrote:
they are not lying.they are ignorant.if the prefs were converted 1:1 then i think the gov. would have over 99 per cent shareholding before rights and not 75 per cent. do some quick maths.


There are 79M total issued shares. 1:1 conversion ratio would mean the government gets an additional 79M shares. At the moment it has 40%, i.e. 31.6M shares (79*.4)

So after the conversion, the government's stake will be (79+31.6)/(79+79), which is about 70%.




True, that is why the government will not take up its rights
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guru267
#79 Posted : Sunday, August 29, 2010 5:20:29 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
TUPAC wrote:
they are not lying.they are ignorant.if the prefs were converted 1:1 then i think the gov. would have over 99 per cent shareholding before rights and not 75 per cent. do some quick maths.

@tupac the conversion ratio is 1:1. This simply means the new ordinary shares are equal to existing ones in every right....

What will determine the level of dilution is the price they choose to convert it at..
Mark 12:29
Deuteronomy 4:16
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guru267
#80 Posted : Sunday, September 05, 2010 10:25:11 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
KPLC connects 214,488 new customers for financial year ended june 2010 which is 7% above its target..
I just love the way this company is growing...
Mark 12:29
Deuteronomy 4:16
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