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Why is nobody talking about National Bank
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guru267
#21 Posted : Wednesday, November 17, 2010 5:32:06 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
2012 wrote:
guru267 wrote:
If anyone thinks KPLC 's restructuring (which i don't agree with) was bad then just wait for NBK's...


I think the conversion of the KPLC pref shares is the best thing to happen to shareholders of KPLC. Why do you think it's not such a good idea?


@2012 the KPLC restructuring was good for the shareholders but it was not as GREAT as it could have been... KPLC could have converted those shares at above 300 as @VVS had pointed out which would have made KPLC worth more than 400 bob but it chose to so at 207... So I didn't love the restructuring but i definitely like it

That's why I sold some of my shares at 240 to get into kenol kobil but I still have a sizeable chunk waiting to bite into the rights...
Mark 12:29
Deuteronomy 4:16
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mwanahisa
#22 Posted : Wednesday, November 17, 2010 6:03:52 PM
Rank: Elder


Joined: 6/2/2008
Posts: 1,438
Mali wrote:
What happened? it hit 17.05Shame on you something going on....


Hey dude, This thread is on NBK not KenGen!
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sparkly
#23 Posted : Wednesday, November 17, 2010 6:37:58 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mwanahisa wrote:
Mali wrote:
What happened? it hit 17.05Shame on you something going on....


Hey dude, This thread is on NBK not KenGen!

ha ha ha
Life is short. Live passionately.
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2012
#24 Posted : Wednesday, November 17, 2010 6:44:58 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
guru267 wrote:
@2012 the KPLC restructuring was good for the shareholders but it was not as GREAT as it could have been... KPLC could have converted those shares at above 300 as @VVS had pointed out which would have made KPLC worth more than 400 bob but it chose to so at 207


I hear you. My argument has always been that if the counter is worth 400/- then it will get there. We all know that fundamentally nothing would have supported the conversion to anything close to 300/-

BBI will solve it :)
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Mali
#25 Posted : Wednesday, November 17, 2010 6:50:26 PM
Rank: Member


Joined: 7/3/2008
Posts: 238
sparkly wrote:
mwanahisa wrote:
Mali wrote:
What happened? it hit 17.05Shame on you something going on....


Hey dude, This thread is on NBK not KenGen!

ha ha ha


Talking about NBK! 17.05 and quickly back to 39... not sure what happened there at 11am!
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alikujia
#26 Posted : Wednesday, November 17, 2010 7:16:14 PM
Rank: Member


Joined: 5/27/2010
Posts: 324
Location: nrb
2012 wrote:
guru267 wrote:
@2012 the KPLC restructuring was good for the shareholders but it was not as GREAT as it could have been... KPLC could have converted those shares at above 300 as @VVS had pointed out which would have made KPLC worth more than 400 bob but it chose to so at 207


I hear you. My argument has always been that if the counter is worth 400/- then it will get there. We all know that fundamentally nothing would have supported the conversion to anything close to 300/-

Yeah@2012. If some really believe it's that worth, they shouldnt be worried. On the other hand who would have bought exorbitantly just because kplc and government have fixed a high price?. remember this is still a parastatals with all associated interference risks and profit-margin caps. Though that status also gives it a guaranteed profitbase, with only basic good management.
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guru267
#27 Posted : Wednesday, November 17, 2010 8:13:38 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
alikujia wrote:
remember this is still a parastatals with all associated interference risks and profit-margin caps.


Currently this currently this cap is at 10% of assets for KPLC and their assets are worth 8billion and growing...

As of their 2010 results they are still way below this number so there is room for growth
Mark 12:29
Deuteronomy 4:16
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