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Kplc restructure plan out
Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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2012 wrote:Sufficiently Philanga....thropic wrote:As it is right now, the stock seems to have hit its low at 223,224 levels. What waits to be seen is how the stock trades after the div closure date on 8th.
Will it slide further? Still an open question!
Dividend book closed (was it) 21st Oct. 8th Nov is book closure for the rights issue if I'm not wrong. So what you're experiencing now is as real as it gets unless of course the price drops slightly within the issue window, and I see that happening. Wrong. The stock is still trading cum div; bks close 8th Nov. The bks closure date for rights and split is still subject to approval.
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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VituVingiSana wrote:Sufficiently Philanga....thropic wrote:VituVingiSana wrote:Back to 225/- but only 16,000 traded... Tough to say if there is hidden demand at lower prices since not everyone puts the bids on the Board @VVS what i know is that there was some 2M supply off board by a fund Manager who managed to sell from 238 and their last lot went last Friday at KES 225! Since then, the downward movement has been sort of slow! Wow... 2mn shares! Nani huyu? I am surprised coz I was under the impression that the take-up would be by these Fund Managers! I might reconsider my position... couldnt get the details of the Fund Manager. Like you i thought they should be stocking up n not down. Could there be something they know that we don't? I think probably they have been assured of a big bulk of the Govt rights n to them, 225 is still a sell. I could be wrong! @2012, KPLC is still trading cum divs till Nov 8th, AGM will be 2 days after. Jus download the NSE Price list from their website, nse.co.ke. The last day for share to trade cum rights should be on or about 24th Nov 2010! @SufficientlyP
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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My 2 cents wrote:Wrong. The stock is still trading cum div; bks close 8th Nov. The bks closure date for rights and split is still subject to approval. C/P 2010 Annual Report Chair's Statement PG17 DividendThe Directors recommend to members that in addition to the interim dividend of Shs.3.00 paid earlier, a final dividend of Shs.5.00 per ordinary share be paid for the year ended 30th June 2010, subject to withholding tax where applicable, to shareholders registered in the books of the Company at close of business on 21st October 2010. This amounts to a total dividend of Shs.8.00 per share (previous year - Shs.8.00). If approved, the dividend will be paid on or about 15th December 2010.
BBI will solve it :)
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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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2012 wrote:My 2 cents wrote:Wrong. The stock is still trading cum div; bks close 8th Nov. The bks closure date for rights and split is still subject to approval. C/P 2010 Annual Report Chair's Statement PG17 DividendThe Directors recommend to members that in addition to the interim dividend of Shs.3.00 paid earlier, a final dividend of Shs.5.00 per ordinary share be paid for the year ended 30th June 2010, subject to withholding tax where applicable, to shareholders registered in the books of the Company at close of business on 21st October 2010. This amounts to a total dividend of Shs.8.00 per share (previous year - Shs.8.00). If approved, the dividend will be paid on or about 15th December 2010. Wrong again. See the final document that was sent to NSE, received and stamped 23rd Sep. The books close 8th Nov. Take my word for it. Call registras to confirm if you still doubt. The shares are still trading cum div. http://www.nse.co.ke/new...cop=63&cat=aCompany
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Today is the D-day. A lot is going to happen to this counter. Any pridictions? 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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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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A lot will depend on what Enj.Njoro and co. will say today at the AGM. A big chunk of me still believes below 220 will be hard to crack. I could be wrong! @SufficientlyP
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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Price already below 220/-... But it is ex-div... Anyway, unless there is a revelation there will be little info that is new until the IM for the Rights is released 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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Am at the agm, nothing new said so far. Just the common questions from the mwananchi about cancerous energy saving bulbs. 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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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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Isn't anybody asking whom the government intends to place its rights with. Why did they not offer the govt rights to the market?
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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My 2 cents wrote:Isn't anybody asking whom the government intends to place its rights with. Why did they not offer the govt rights to the market? What do you mean, aren't they offering to the market?
BBI will solve it :)
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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2012 wrote:My 2 cents wrote:Isn't anybody asking whom the government intends to place its rights with. Why did they not offer the govt rights to the market? What do you mean, aren't they offering to the market? The Rights will be offered in the market. The question is what they will be 'sold' for... Market Demand but some may be in a better position than others! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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Out of the 488M rights; 341M belong to the govt. The govt will not exercise their rights but will instead place these rights with some institution. I want to know which? And why the govt did not just sell them to the public.
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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My 2 cents wrote:Out of the 488M rights; 341M belong to the govt. The govt will not exercise their rights but will instead place these rights with some institution. I want to know which? And why the govt did not just sell them to the public. Ideally, these would be sold on the NSE. They probably will be offered on the NSE... I wonder what the premium will be... [Of course, we need to know the Exercise Price] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Sober wrote:Am at the agm, nothing new said so far. Just the common questions from the mwananchi about cancerous energy saving bulbs. Thanks for the update. Pls keep them coming. We really appreciate! I hear CMA has to approve the restructuring 1st for them to be able to disclose the rights price! @SufficientlyP
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Sober wrote:Am at the agm, nothing new said so far. Just the common questions from the mwananchi about cancerous energy saving bulbs. @Sober, Have they given a firm figure for the rights issue or are they sticking to the general figure of 7 - 10 billion. (I know the figure on the shareholder circular is almost 9 billion). Also, what sense do you get of the performance of the company in the first 4 months of 2010-11?
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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My 2 cents wrote:Out of the 488M rights; 341M belong to the govt. The govt will not exercise their rights but will instead place these rights with some institution. I want to know which? And why the govt did not just sell them to the public. carefully crafted scheme to get some people super duper rich. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Sufficiently Philanga....thropic wrote:I hear CMA has to approve the restructuring 1st for them to be able to disclose the rights price! So did they give a time when they'll have all the relevant approvals by? In other words when will we know the rights issue price or should we just ask Scan ad since I'm sure they've already started doing the ads for the issue... 
BBI will solve it :)
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Don't take a loan the share price might be depressed longer than u can stay liquid....
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:My 2 cents wrote:Out of the 488M rights; 341M belong to the govt. The govt will not exercise their rights but will instead place these rights with some institution. I want to know which? And why the govt did not just sell them to the public. Ideally, these would be sold on the NSE. They probably will be offered on the NSE... I wonder what the premium will be... [Of course, we need to know the Exercise Price] @VVS all I can say is I told you so.. But since you seem not to be agreeing let me reiterate... G.O.K rights will ALL be offered to a institution through private placement... The only rights that will be on the NSE are the pnes that belong to other shareholders like you and me... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:My 2 cents wrote:Out of the 488M rights; 341M belong to the govt. The govt will not exercise their rights but will instead place these rights with some institution. I want to know which? And why the govt did not just sell them to the public. Ideally, these would be sold on the NSE. They probably will be offered on the NSE... I wonder what the premium will be... [Of course, we need to know the Exercise Price] @VVS all I can say is I told you so.. But since you seem not to be agreeing let me reiterate... G.O.K rights will ALL be offered to an institution through private placement... The only rights that will be on the NSE are the ones that belong to other shareholders like you and me... Mark 12:29
Deuteronomy 4:16
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