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Kplc restructure plan out
Rank: Member Joined: 10/22/2008 Posts: 87
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So if the start of restrucuring (rightts, sharesplit and conversion is 25 nov) does it mean that if someone buys shares on 24th nov, will be qualified to get the rights?
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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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Book closure dates for rights qualification are unknown, they have not been communicated.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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My 2 cents wrote:Book closure dates for rights qualification are unknown, they have not been communicated. i bet the rights issue date books closes on 25th November. the simultaneous conversion and rights may take several days, i presume two weeks. 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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Sober wrote:i bet the rights issue date books closes on 25th November. the simultaneous conversion and rights may take several days, i presume two weeks. I believe so too. But I'm sure they'll announce the closure date when they announce the rights' price in like one week.
BBI will solve it :)
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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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. @BGL,BGM....... instead of telling me to keep the thoughts to myself, it would have been much wise of you if you could at the very minimal, speak "figuratively". But again,we are all different! @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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2012 wrote:Sober wrote:i bet the rights issue date books closes on 25th November. the simultaneous conversion and rights may take several days, i presume two weeks. I believe so too. But I'm sure they'll announce the closure date when they announce the rights' price in like one week. They are awaiting CMA approval to go ahead and announce the rights price. And this might be any time from now! @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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KPLC troops back to 220. Looks like CMA has just approved the restructuring or is just about to! @SufficientlyP
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Sufficiently Philanga....thropic wrote:KPLC troops back to 220. Looks like CMA has just approved the restructuring or is just about to! CMA has no choice but to approve this one so I doubt it's moving up because of them. I placed an order of 205/- yesterday and I'm really hoping I landed it.
BBI will solve it :)
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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2012 wrote:Sufficiently Philanga....thropic wrote:KPLC troops back to 220. Looks like CMA has just approved the restructuring or is just about to! CMA has no choice but to approve this one so I doubt it's moving up because of them. I placed an order of 205/- yesterday and I'm really hoping I landed it. There were quite a no. of trades today morn at 205. Am pretty sure your order was executed. That was a great decision by you and a Great buy, becoz supply is now at 220! It won't be long before they approve and the rights price communicated. @SufficientlyP
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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2012 wrote:Sufficiently Philanga....thropic wrote:KPLC troops back to 220. Looks like CMA has just approved the restructuring or is just about to! CMA has no choice but to approve this one so I doubt it's moving up because of them. I placed an order of 205/- yesterday and I'm really hoping I landed it. The stock is not getting to 200... I swore to pour into it at exactly 200 and then it decides to rise  Well at least i'm already heavily in it so I can't wait for my rights at below 170 bob... I won't even bother wasting my my time applying for additional rights 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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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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Page 29 of the Daily Nation, rights price set at 19.5/=
Split is from today
Rights date 1 - 23rd Dec
I wonder why the one bob increase on the rights price
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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True, CMA approved the restructuring on 17th Nov 2010,and a rights issue offer at 19.5 post split or 202.8 pre split, cant wait myself to see how the mkt responds to this! @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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My 2 cents wrote:Page 29 of the Daily Nation, rights price set at 19.5/=
Split is from today
Rights date 1 - 23rd Dec
I wonder why the one bob increase on the rights price so from Monday, its going to be trading xs(ex split) but cr( cum rights) for the next 4 days! I pray it closes high today so that the xs price on Monday is post 25! @SufficientlyP
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Rank: Chief Joined: 1/3/2007 Posts: 18,218 Location: Nairobi
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Where is the damn IM??? 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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VituVingiSana wrote:Where is the damn IM??? They say it will be available from the 26th Nov at Stima Plaza and Broker offices. It will also be posted to shareholders then.
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Rank: Chief Joined: 1/3/2007 Posts: 18,218 Location: Nairobi
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My 2 cents wrote:VituVingiSana wrote:Where is the damn IM??? They say it will be available from the 26th Nov at Stima Plaza and Broker offices. It will also be posted to shareholders then. What a waste... I want an e-copy... LOL... 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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Sufficiently Philanga....thropic wrote:
True, CMA approved the restructuring on 17th Nov 2010,and a rights issue offer at 19.5 post split or 202.8 pre split, cant wait myself to see how the mkt responds to this!
@suffuciently you crack me up... kwani where did you go to school???  19.5 post split is equivalent to 156 [pre split] not 202.8 Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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According to yesterday's trading; xd/cr/cs. The counter just posted the highest gainer as at now. 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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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! You must be kicking yourself vibaya right now...
BBI will solve it :)
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Kplc restructure plan out
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