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Trading of Renounceble rights now underway, forget kitu kubwa!
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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guru267 wrote:Bmisoka wrote:IMHO it will be hard for KPLC to raise all the 9.5 billion .
KCB is more of a bluechip company but it missed its target by 3 billion; its hard to see a parastatal raising 9.5 billion. Foreigners especially are likely to shun it coz of mzungu 'swamp of corruption' sentiment.
Anyone who oversubscribed to KCB got full allocation, i expect the same thing will happen with KPLC. Welcome to the game @Bmisoka K.PL.C and K.C.B are completely different.. Speaking from very credible sources.. The interest in the K.P.L.C rights is very high.. I mean today they even traded higher than the actual share on the market...  Plus there are only 7000 shareholders as opposed to K.C.B's hundreds of thousands... I don't think any of these will be willing to sell their rights at less than they are currently asking for(4-6)... And i also believe that G.O.K rights have already been pre sold to the big boys all we need to see are the trades... So I wonder where guys interested in this rights issue but aint shareholders will find these rights... Certainly not from me, @VVS, @2012, and the rest on wazua We certainly hope we can find them from somewhere. fingers crossed. 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: 18,259 Location: Nairobi
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Bmisoka wrote:IMHO it will be hard for KPLC to raise all the 9.5 billion Haiya! Umekunywa changaa ya @YBC? I smell an OVER-SUBSCRIPTION... 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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VituVingiSana wrote:Bmisoka wrote:IMHO it will be hard for KPLC to raise all the 9.5 billion Haiya! Umekunywa changaa ya @YBC? lol! wonder why guys would think 9.5B is hard to raise with the high liquidity in the market! Kwanza a firm in the energy sector, with absolutely no competitor! Surely that drink must be stronger than changaa! @SufficientlyP
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@SPT. thanks bro. im now in the know. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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guru267 wrote: So I wonder where guys interested in this rights issue but aint shareholders will find these rights... Certainly not from me, @VVS, @2012, and the rest on wazua .............And certainly not from me. IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: New-farer Joined: 11/18/2010 Posts: 12 Location: Kenya
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mwanahisa wrote:Bmisoka wrote:IMHO it will be hard for KPLC to raise all the 9.5 billion .
KCB is more of a bluechip company but it missed its target by 3 billion; its hard to see a parastatal raising 9.5 billion. Foreigners especially are likely to shun it coz of mzungu 'swamp of corruption' sentiment.
Anyone who oversubscribed to KCB got full allocation, i expect the same thing will happen with KPLC. Bmisoka, I also welcome you to Wazua. I note that this is your maiden post, so I think congratulations are in order. KCB and KPLC have different dynamics e.g. KCB's was the 3rd rights issue within this decade. Not so for KPLC. In KCB's case investors were somewhat leery or jaded with the constant cries/appeals for more money from the Board/Mgt and some folks felt that they did not have too much to show for it. I happen to have taken a contrary position but that's not the point. 9.5 Billion is not exactly a lot of money these days, so we will not even need foreigners to mop the whole issue up. Both KenGen's IPO and their PIBO raised close to 30B which shows you money is there. All it requires is for investors to be convinced they can make money. 9.5 billion IS a lot of money these days (people are conservative after the 2008/9 downturn, unlike the euphoria / hysteria b4). Kengen's PIBO was a bond, meaning guaranteed returns (meaning conservative institutions banks insurance companies could buy heavily into it), yet it still had to be sweetened - 12.5% coupon, tax free. With the NSE in a bear run - down 250 points (5.5%) in november - who will apply for the govt's share of the rights (worth 6.65 B). If you count out foreigners, and banks which prefer bonds and giving loans, centum which prefers real estate of late, pesa itatoka wapi?
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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sean_george wrote:mwanahisa wrote:Bmisoka wrote:IMHO it will be hard for KPLC to raise all the 9.5 billion .
KCB is more of a bluechip company but it missed its target by 3 billion; its hard to see a parastatal raising 9.5 billion. Foreigners especially are likely to shun it coz of mzungu 'swamp of corruption' sentiment.
Anyone who oversubscribed to KCB got full allocation, i expect the same thing will happen with KPLC. Bmisoka, I also welcome you to Wazua. I note that this is your maiden post, so I think congratulations are in order. KCB and KPLC have different dynamics e.g. KCB's was the 3rd rights issue within this decade. Not so for KPLC. In KCB's case investors were somewhat leery or jaded with the constant cries/appeals for more money from the Board/Mgt and some folks felt that they did not have too much to show for it. I happen to have taken a contrary position but that's not the point. 9.5 Billion is not exactly a lot of money these days, so we will not even need foreigners to mop the whole issue up. Both KenGen's IPO and their PIBO raised close to 30B which shows you money is there. All it requires is for investors to be convinced they can make money. 9.5 billion IS a lot of money these days (people are conservative after the 2008/9 downturn, unlike the euphoria / hysteria b4). Kengen's PIBO was a bond, meaning guaranteed returns (meaning conservative institutions banks insurance companies could buy heavily into it), yet it still had to be sweetened - 12.5% coupon, tax free. With the NSE in a bear run - down 250 points (5.5%) in november - who will apply for the govt's share of the rights (worth 6.65 B). If you count out foreigners, and banks which prefer bonds and giving loans, centum which prefers real estate of late, pesa itatoka wapi? am willing to buy your rights off market! BTW,6.65B is a drop in the ocean and Banks and Foreign investor don't even need to take the plunge for the rights issue to be successful. As we speak, the big players are already in the loop, my brother, just keep checking the market, late next week and early next week but one, you'll see some heavy trading. If only you saw what am seeing! And please, don't compare KPLC with KCB again! @SufficientlyP
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Rank: Chief Joined: 1/3/2007 Posts: 18,259 Location: Nairobi
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LOL... @sean-g Centum has underwritten 10% of the Offer. So please do some research before throwing out your lies on this forum! ["centum which prefers real estate of late"] Equity Bank has underwritten 40% of the Offer. ["If you count out foreigners, and banks which prefer bonds and giving loans"] So expect EIB to be lending to support the Rights Offer! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 11/18/2010 Posts: 12 Location: Kenya
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Rank: Veteran Joined: 6/2/2010 Posts: 1,075
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The dealers have no clue of future prices just like you and I.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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If the dealers were the ones decidingthe prices, then MMS would be trading Bt over 60. Hey talked positively about it. Some me these guys are worse off than me. 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: 1/21/2010 Posts: 6,675 Location: Nairobi
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I repeat The G.O.K rights have already been sold... Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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guru267 wrote:I repeat The G.O.K rights have already been sold... I agree with you on this, book building was done with the big players and thats a closed chapter!Only what remains is for the "crosses" to be made. This is what @sean has failed to see all this long! @SufficientlyP
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Rank: Member Joined: 5/27/2010 Posts: 324 Location: nrb
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guru267 wrote:I repeat The G.O.K rights have already been sold... any wikileak of price sold? Certainly, with equity/centum underwriting, everything will be taken up. But ?? is majority og govt rights at what price? Otheriwise say buying at24, we small guys will hang up dry for sometime waiting for the 19.5 troop to arrive already loadded with 30% prof before you even breakeven.
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Rank: Member Joined: 10/22/2008 Posts: 87
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Aii Guru, how sure are you? i guess they will come next week. the share is doing very well though i dougt YBC will get his predctions
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Rank: Member Joined: 10/22/2008 Posts: 87
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Anyone who knows the rights volumes traded so far today? rich doesnt seem to have them. please post.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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870k. High of 4. Low of 3. Use this site. www.knowing.co.ke/wap/stocks.aspGOD BLESS YOUR LIFE
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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It has been a good three trading days. I an waiting to see how five trading days in a row would result to. 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: 7/11/2010 Posts: 5,040
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The business daily article linked above, may not be reliable in estimating the rights price, but its certainly what everyone wants to hear. And at this time, of anticipation and uncertainty it may get the best of some. Today i strongly considerd buying at 3bob. Ill wait 4 them gov shares...guru i hope u are wrong. Coz if ur not, we're screwed. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Aguytrying wrote:The business daily article linked above, may not be reliable in estimating the rights price, but its certainly what everyone wants to hear. And at this time, of anticipation and uncertainty it may get the best of some. Today i strongly considerd buying at 3bob. Ill wait 4 them gov shares...guru i hope u are wrong. Coz if ur not, we're screwed. @Aguytrying if investors knew they could get G.O.K rights at 1bob - 1.5bob as the article reports then why would they be paying 3bob - 4.5bob like they are doing??? I dont think many out there have hope of getting these rights but let's wait and see... Mark 12:29
Deuteronomy 4:16
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Trading of Renounceble rights now underway, forget kitu kubwa!
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