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KPLC - Great results 2010
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mkonomtupu
#101 Posted : Tuesday, September 07, 2010 6:46:33 PM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
I have exited KPLC at 210, I will re-consider it during the rights issue if there is value. I don't trust GoK valuations like that of safcon IPO at 5.80.
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guru267
#102 Posted : Tuesday, September 07, 2010 7:21:10 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mkonomtupu wrote:
I have exited KPLC at 210, I will re-consider it during the rights issue if there is value. I don't trust GoK valuations like that of safcon IPO at 5.80.

Meanwhile we continue making the money... I have a strong feeling the restructuring will turn out well...
Mark 12:29
Deuteronomy 4:16
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Kaffir
#103 Posted : Tuesday, September 07, 2010 7:39:42 PM
Rank: Member


Joined: 5/8/2008
Posts: 77
Not exiting either. Will ride this one out, to the death if need be!
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qw25041985
#104 Posted : Tuesday, September 07, 2010 7:51:23 PM
Rank: User


Joined: 5/9/2010
Posts: 1,418
Location: Nai
@kaff. I hope ur suicidal nature is informd. Otherwise u might be lyk the sheep gathered outside the slaughter house.
Happy slaughterin ,lol
Your future depends on your dreams so go to sleep !
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VituVingiSana
#105 Posted : Wednesday, September 08, 2010 3:50:33 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,137
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
@mwanahisa - If the GoK sets the conversion ratio based on 190/- per share... We should sue!!! I think it should be closer to 400/-...

IMHO, we are better off having Preference Shares then converting at less than 300/-...

@vvs how can they convert at 300 if it hasnt traded at that price
The reason I bring about the 'suing' bit... and I hope I can get support...

1) It is the way GoK has gone about the Conversion Process that has kept the share price down

2) If there was a clear-cut formula then we would not be speculating

3) GoK is playing both sides! They are the seller (thru control of KPLC Board) & the buyer!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#106 Posted : Wednesday, September 08, 2010 3:52:29 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,137
Location: Nairobi
mkonomtupu wrote:
I have exited KPLC at 210, I will re-consider it during the rights issue if there is value. I don't trust GoK valuations like that of safcon IPO at 5.80.

You were conned... I paid 5/- for mine... No, I do not trust GoK [see KenolKobil comments] & I think it should be closer to 300/-

At 210/-, I would rather pay GoK a Preference Dividend!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#107 Posted : Wednesday, September 08, 2010 4:00:59 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
@mwanahisa - If the GoK sets the conversion ratio based on 190/- per share... We should sue!!! I think it should be closer to 400/-...

IMHO, we are better off having Preference Shares then converting at less than 300/-...

@vvs how can they convert at 300 if it hasnt traded at that price
The reason I bring about the 'suing' bit... and I hope I can get support...

1) It is the way GoK has gone about the Conversion Process that has kept the share price down

2) If there was a clear-cut formula then we would not be speculating

3) GoK is playing both sides! They are the seller (thru control of KPLC Board) & the buyer!

@VVS if the conversion was made at 170 then the fair value of KPLC at sector P/E would be 320

For someone who bought way below 200 why are you complaining??
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#108 Posted : Wednesday, September 08, 2010 4:04:17 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,137
Location: Nairobi
guru267 wrote:
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
@mwanahisa - If the GoK sets the conversion ratio based on 190/- per share... We should sue!!! I think it should be closer to 400/-...

IMHO, we are better off having Preference Shares then converting at less than 300/-...

@vvs how can they convert at 300 if it hasnt traded at that price
The reason I bring about the 'suing' bit... and I hope I can get support...

1) It is the way GoK has gone about the Conversion Process that has kept the share price down

2) If there was a clear-cut formula then we would not be speculating

3) GoK is playing both sides! They are the seller (thru control of KPLC Board) & the buyer!

@VVS if the conversion was made at 170 then the fair value of KPLC at sector P/E would be 320

For someone who bought way below 200 why are you complaining??

1)I also bought more at 210/-
2) So what if I bought at less than 200/-? I did not buy them so someone/GoK offers a little more... I bought coz I saw the 'true' value being much higher!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#109 Posted : Wednesday, September 08, 2010 4:09:23 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
guru267 wrote:
VituVingiSana wrote:
@mwanahisa - If the GoK sets the conversion ratio based on 190/- per share... We should sue!!! I think it should be closer to 400/-...

IMHO, we are better off having Preference Shares then converting at less than 300/-...

@vvs how can they convert at 300 if it hasnt traded at that price
The reason I bring about the 'suing' bit... and I hope I can get support...

1) It is the way GoK has gone about the Conversion Process that has kept the share price down

2) If there was a clear-cut formula then we would not be speculating

3) GoK is playing both sides! They are the seller (thru control of KPLC Board) & the buyer!

@VVS if the conversion was made at 170 then the fair value of KPLC at sector P/E would be 320

For someone who bought way below 200 why are you complaining??

1)I also bought more at 210/-
2) So what if I bought at less than 200/-? I did not buy them so someone/GoK offers a little more... I bought coz I saw the 'true' value being much higher!

So i guess it will be my vote against yours at the AGM Laughing out loudly Laughing out loudly
Mark 12:29
Deuteronomy 4:16
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mkonomtupu
#110 Posted : Wednesday, September 08, 2010 8:41:22 AM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
VituVingiSana wrote:
mkonomtupu wrote:
I have exited KPLC at 210, I will re-consider it during the rights issue if there is value. I don't trust GoK valuations like that of safcon IPO at 5.80.

You were conned... I paid 5/- for mine... No, I do not trust GoK [see KenolKobil comments] & I think it should be closer to 300/-

At 210/-, I would rather pay GoK a Preference Dividend!



I actually bought safcon at 2.90 and exited at 5.20 but i don't want to be holding the wrong end when the cow is slaughtered u know Wanjiku always ends up with the tail.
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VituVingiSana
#111 Posted : Wednesday, September 08, 2010 7:06:48 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,137
Location: Nairobi
mkonomtupu wrote:
VituVingiSana wrote:
mkonomtupu wrote:
I have exited KPLC at 210, I will re-consider it during the rights issue if there is value. I don't trust GoK valuations like that of safcon IPO at 5.80.

You were conned... I paid 5/- for mine... No, I do not trust GoK [see KenolKobil comments] & I think it should be closer to 300/-

At 210/-, I would rather pay GoK a Preference Dividend!


I actually bought safcon at 2.90 and exited at 5.20 but i don't want to be holding the wrong end when the cow is slaughtered u know Wanjiku always ends up with the tail.
In true Kenyan style... you bought at 2.90 then claimed it was 2x the price! Do not worry... the KRA does not charge capital gains tax!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwanahisa
#112 Posted : Wednesday, September 22, 2010 3:57:59 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
We saw KPLC hit a high of 266 this week. Even after weakening over the past two days, following additional profit taking, the omens still appear bright for this share.

I am thinking that Institutions that hold the share are pushing the price up so that they do not get overly diluted when Govt converts its preference shares. If so that is a MAJOR POSITIVE.

Of course the SMALL MATTER of an expected EPS of over Kshs 50 and Full Year Dividend of Kshs 10 (note - MY expectation) does not hurt.

Methinks the price should stabilize at the Kshs 240 range in the next few days as we await details of the restructuring. After that 300 is no longer farfetched!
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