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Kplc restructure plan out
Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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now at 219, for the first time in more than one and a half months! @SufficientlyP
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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when does the books close 4 the split consideration? LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwanahisa wrote:Aguytrying wrote:Does one need to be an existing shareholder, to buy the rights of the market? No, you do not have to be. to be honest im yet to fully grasp rights issues. So if i buy rights off the market im assuming i'll buy them at a premium. But this might still be cheaper than buying the share off the market. My question is. If one is not a current shareholder, is there any benefit in buying some shares and exercising your rights when you can just buy the rights of the market? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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kyt wrote:when does the books close 4 the split consideration? According to the MD, joseph Njoroge, the conversion of shares from pref to ordinary, the stock spli and the rights issue will all be done concurrently. It will be interesting to see how that goes. For instance, are they going to price the rights using pre split or post split prices? Over to you Dyer & Co! @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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All these between nov 25th & Dec 15th 2010, according to the MD! @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Aguytrying wrote:mwanahisa wrote:Aguytrying wrote:Does one need to be an existing shareholder, to buy the rights of the market? No, you do not have to be. to be honest im yet to fully grasp rights issues. So if i buy rights off the market im assuming i'll buy them at a premium. But this might still be cheaper than buying the share off the market. My question is. If one is not a current shareholder, is there any benefit in buying some shares and exercising your rights when you can just buy the rights of the market? When we talk of buying the rights, whether on or off the market, we are talking about a fee that you pay so that you get to the same level as the existing shareholders. To put it better, it puts you at the same level as the existing shareholder. The advantage of buying the shares before the books close, on or about 24th nov is that you will not have to buy the rights, you will only pay for the new shares being offered to the existin s/holders at a discount. You also have an option of buying additional shares! @SufficientlyP
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Sufficiently Philanga....thropic wrote:Aguytrying wrote:mwanahisa wrote:Aguytrying wrote:Does one need to be an existing shareholder, to buy the rights of the market? No, you do not have to be. to be honest im yet to fully grasp rights issues. So if i buy rights off the market im assuming i'll buy them at a premium. But this might still be cheaper than buying the share off the market. My question is. If one is not a current shareholder, is there any benefit in buying some shares and exercising your rights when you can just buy the rights of the market? When we talk of buying the rights, whether on or off the market, we are talking about a fee that you pay so that you get to the same level as the existing shareholders. To put it better, it puts you at the same level as the existing shareholder. The advantage of buying the shares before the books close, on or about 24th nov is that you will not have to buy the rights, you will only pay for the new shares being offered to the existin s/holders at a discount. You also have an option of buying additional shares! Im getting a clearer picture. Correct me if im wrong, can one buy the rights before the books close on 25th. I thought one could only buy during the rights issue ie 25th nov-15th dec. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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KIRTI wrote:mwanahisa wrote:Now at 220 and falling fast...... I told you before two weeks ago. I had sold @ 238. Remaining with 100 shares. I will buy right & invest as much as possible. Now wait for falling up to 200. True... Seems like it... LOL... I am counting my lost profits! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Aguytrying wrote:Sufficiently Philanga....thropic wrote:Aguytrying wrote:mwanahisa wrote:Aguytrying wrote:Does one need to be an existing shareholder, to buy the rights of the market? No, you do not have to be. to be honest im yet to fully grasp rights issues. So if i buy rights off the market im assuming i'll buy them at a premium. But this might still be cheaper than buying the share off the market. My question is. If one is not a current shareholder, is there any benefit in buying some shares and exercising your rights when you can just buy the rights of the market? When we talk of buying the rights, whether on or off the market, we are talking about a fee that you pay so that you get to the same level as the existing shareholders. To put it better, it puts you at the same level as the existing shareholder. The advantage of buying the shares before the books close, on or about 24th nov is that you will not have to buy the rights, you will only pay for the new shares being offered to the existin s/holders at a discount. You also have an option of buying additional shares! Im getting a clearer picture. Correct me if im wrong, can one buy the rights before the books close on 25th. I thought one could only buy during the rights issue ie 25th nov-15th dec. Two ways in which you can participate in the rights; 1. Existing shareholder, you purchase the rights commensurate to the share ownership that you have in the company. Here often, some shareholders do not take up their rights. There is books closure for this process. 2. Existing or non-shareholders will buy rights that have not been taken up by their shareholders. There is also books closure for this process
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@pkoli, sp. Thanks for the info, i get it now. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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This will be awesome. Its now fermented in my mind n i have a plan. One question people. How will kplc pay off the 15.9B Debt. If the rights issue is raising 10B? I read they'll pay said debt and still have the 10B. where is the money for paying the debt coming from? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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@ aguy... for you to understand this whole thing go to www.kplc.co.ke and download the circular to shareholders on this issue. its under Investor Information link. everything is so clear hapo mpaka you will be the one answering questions! ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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TUPAC wrote:@ aguy... for you to understand this whole thing go to www.kplc.co.ke and download the circular to shareholders on this issue. its under Investor Information link. everything is so clear hapo mpaka you will be the one answering questions! ha ha. I can answer quite a few now. I downloaded it last night, read and internalised it. Re-read the whole thread again and hence the aforementioned fermentation process. But thanks. Do you have an answer for the 15.9B debt, above post. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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@aguy... ok.kplc is repaying the 15.9B debt by converting the 15.9B worth of preference shares to 76 622 891 ordinary shares of kplc. the conversion rate is ksh 207.5 per preference share of ksh20 par value. when this is done then it means the gov. gets more shares hence the debt is retired. the rights issue by kplc is to raise 7 to 10B bob for the company. the gov. wont take part in the rights issue. ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Aguytrying wrote:This will be awesome. Its now fermented in my mind n i have a plan. One question people. How will kplc pay off the 15.9B Debt. If the rights issue is raising 10B? I read they'll pay said debt and still have the 10B. where is the money for paying the debt coming from? @aguytrying the debt is in the preference shares being converted so in otherwords the debt is being paid of in exchange for an increased stake in the company by G.O.K..... The 8.795 billion rights issue not 10 billion will be to raise capital for capital expenditure not debt repayment.... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Thanks TUPAC and Guru. I think im the one who is slow, the circular is so clear. This thing is gonna be AWESOME!!! And whatever they are doing:Paying debt, split and rights is just genious. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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Aguytrying wrote:Thanks TUPAC and Guru. I think im the one who is slow, the circular is so clear. This thing is gonna be AWESOME!!! And whatever they are doing:Paying debt, split and rights is just genious. @aguy - LOL... You are easy to keep happy! Nothing fancy but GoK are getting the shares at 207.50 cheap! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Aguytrying wrote:Thanks TUPAC and Guru. I think im the one who is slow, the circular is so clear. This thing is gonna be AWESOME!!! And whatever they are doing:Paying debt, split and rights is just genious. @aguy - LOL... You are easy to keep happy! Nothing fancy but GoK are getting the shares at 207.50 cheap! i hadn't paid attention to this restructure thing earlier, so when everyone was all excited i was like...next. So im now in the excitement phase. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:Thanks TUPAC and Guru. I think im the one who is slow, the circular is so clear. This thing is gonna be AWESOME!!! And whatever they are doing:Paying debt, split and rights is just genious. @aguy - LOL... You are easy to keep happy! Nothing fancy but GoK are getting the shares at 207.50 cheap! i hadn't paid attention to this restructure thing earlier, so when everyone was all excited i was like...next. So im now in the excitement phase Good for you! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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here comes the new week. let us see how this counter will behave. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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