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Kplc restructure plan out
Rank: Elder Joined: 11/27/2007 Posts: 3,604
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erifloss wrote:Does the sale of shares or rights thereof by the government fall under the public procurement act? If so then they should sell to the highest bidder of which according to me is the open market but with Jimnah you never know what's cooking! it may be the highest bidder but also looking at the flip side, if they sold it in large blocks (institution) the returns may be higher and more promising than sharing it out into a million slices. the buyer in large blocks will have a more bargaining power. my two cents. 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: 12/9/2009 Posts: 6,592 Location: Nairobi
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VituVingiSana wrote:It would not surprise me if the Rights are 'sold' on the market but in a special lot or deal not available to the rest of us... I think that might be what they are planning to do.
BBI will solve it :)
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Rank: Member Joined: 9/25/2007 Posts: 96
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Given the kind of response here, does it make sense to have the issue underwritten?
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Rank: Hello Joined: 11/12/2010 Posts: 1 Location: Los Angeles
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The common stocks which are traded over OTC Bulletin Board or pink sheets carrying per share value of $5 or under that are known as penny stocks. They bear absolute low value and carry limited liquidity.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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MathewBracken wrote:The common stocks which are traded over OTC Bulletin Board or pink sheets carrying per share value of $5 or under that are known as penny stocks. They bear absolute low value and carry limited liquidity. i havent understood the relationship of this with my counter. 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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Power headed for 200 bob! supposing the rights come at KES 18.50, that would be KES 148 pre split, and assuming we are talking 30% discount, then we are looking at not buying this stock currently at more than 192. Looks like the price of this stock is slowly sliding to this figure! @SufficientlyP
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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Sufficiently Philanga....thropic wrote:Power headed for 200 bob!
supposing the rights come at KES 18.50, that would be KES 148 pre split, and assuming we are talking 30% discount, then we are looking at not buying this stock currently at more than 192.
Looks like the price of this stock is slowly sliding to this figure! Similar arguments which do not make sense were made of StanChat. So, keep that to yourself. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Member Joined: 5/27/2010 Posts: 324 Location: nrb
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BGL wrote:Sufficiently Philanga....thropic wrote:Power headed for 200 bob!
supposing the rights come at KES 18.50, that would be KES 148 pre split, and assuming we are talking 30% discount, then we are looking at not buying this stock currently at more than 192.
Looks like the price of this stock is slowly sliding to this figure! Similar arguments which do not make sense were made of StanChat. So, keep that to yourself. at BGL, Obviously, this one is much more complext than the simple straight foward stanchart case. those govt rights hold millions at stake in capital appreciation, depending on how it plays out. And remember, 1. kplc float is not much - can easily be manipulated in the shortrun. 2. it is a parastatal, so decisions will not be based purely on commecisl wealth maximization, infact a clique influence is likely to prevail.
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Rank: New-farer Joined: 6/17/2010 Posts: 71 Location: Kenya
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I a lighted/ from a sinking Mumias to cut my loss only to board a KPLC that is now showing similar tendencies. I guess the price is being pushed down on purpose as this will translate into lower priced rights. The longer they take to announce the pricing of the rights the lower the price will come - remember KCB. Post split stability at anything between 45 - 50 is possible.  When we wake up in the morning, we have two simple choices. Go back to sleep and dream, or wake up and chase those dreams. The choice is yours! .
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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Wow, you are ambitious! I am looking for 35/- max for now... I will be happy(er) with the 40-50 range! I hope the 1H Results are very, very good [not just good]... I am surprised they did not do the Rights AFTER the 1H Results... They could have gotten a better price... 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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I am also praying for 35 , my break even price is 27. 40-50 range is way too optimistic.
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Rank: Member Joined: 8/29/2008 Posts: 571
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BGL,
Telling Wazua contributors to keep their arguments to themselves,in a public forum, is like Kibaki telling ministers to keep state secrets...albeit corruption secrets.You should tell Alikujia that you disagree with him/her.If all of us kept our views to ourselves there would be no wazua.So,Alikujia,if you have any idea/views in your head,even though un-popular to some,don't hesitate to let wazuans know....
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I also valued it at 35 and i'm surprised a couple of other guys have the same value.... But guys you do know a couple of investors will view this counter as a growth stock and value it like kengen... Then we would see the 40-50 level easy... Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 10/22/2008 Posts: 87
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Is there any tentative date for book closure of the restructuring, i called my stockbroker and they say they dont know and that no confirmations have been given, please post any information if you get one. I still believe i will get additional shares at 200 bob or thereabouts. thanks
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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The KPLC CEO said that the rights issue should run from Nov 25-Dec 15....... only 10 DAYS AWAY. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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BGL wrote:The KPLC CEO said that the rights issue should run from Nov 25-Dec 15....... only 10 DAYS AWAY. I heard the same thing... KPLC wants this done & wrapped up [including refunds] by 31 Dec 2010... 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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VituVingiSana wrote:BGL wrote:The KPLC CEO said that the rights issue should run from Nov 25-Dec 15....... only 10 DAYS AWAY. I heard the same thing... KPLC wants this done & wrapped up [including refunds] by 31 Dec 2010... This is too soon. We might see undescription of the rights!
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Rank: Chief Joined: 1/3/2007 Posts: 18,215 Location: Nairobi
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PKoli wrote:VituVingiSana wrote:BGL wrote:The KPLC CEO said that the rights issue should run from Nov 25-Dec 15....... only 10 DAYS AWAY. I heard the same thing... KPLC wants this done & wrapped up [including refunds] by 31 Dec 2010... This is too soon. We might see undescription of the rights! Under-subscription? Nope... LOL... They have an Underwriter so the shares will all be taken up... esp if priced 'right'... BTW, the demand from Institutional Investors will be huge... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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PKoli wrote:This is too soon. We might see undescription of the rights! This is IMPOSSIBLE.., Most institutions value this counter at above 300 so rights valued below 200 will be seen as a opportunity not to be missed... Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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We may hear from them about pricing today or tomorrow.
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