I am amazed that 2 days prior to the closure of rights trading on the NSE, the GoK rights have not been sold. At least most of what we have been expecting has NOT been traded. I expect that we shall see some of them trade today and the pricing now looks like it WILL be sub 2 shillings.

In my view Dyer and Blair appear to have messed up on this as GoK is bound to get a lower price than what it would have got if the rights had been sold earlier. Or perhaps there is something brewing whose smell might not be not too pleasant?

Anyway the lower it gets all the better for some of us who are intent on buying. I am watching the ticker like a hawk today and I have my bids on the board at various prices. But perhaps, I may not even need to buy from the market as there just may be additional (extra) rights to bid for.

I am worried that these rights issue will be massively oversubscribed. Don't you guys think that if you are a non shareholder its a better startegy to pounce on the other stocks now which are slightly undervalued now then buy up some KPLC stock when the profit takers do their thing and lower the prices? Double hit combo! Whats your take guys?

can one apply for additional rights after already filling in the allotment form

exactly my friend, exactly. Im kicking myself for having money in counters when i should be buying all the bargains im seeing. Noted, next yr time like this...ill be waiting. On kplc, i dont see the price remaining where it is immediately the rights issue concludes. Its also one of the bargains!

exactly my friend, exactly. Im kicking myself for having money in counters when i should be buying all the bargains im seeing. Noted, next yr time like this...ill be waiting. On kplc, i dont see the price remaining where it is immediately the rights issue concludes. Its also one of the bargains!

new shareholders -centum/equity getting them rights at discounted 19.5. A bit unfair to existing shareholders. some of us here said this could be highly manipulated. Doesnt price manipulation apply here? We know there are so many rights available to be sold to the market for adefinite period but you release perhaps tiny bits. Am rather intrigued on this.

i agree with you and mwanahisa. Hapa kuna kitu. First rights are advertised to death- which on its own is ok. But then in addition, where are gov rights?? Whats their plan, whats going on. It could be nothing, however when we are left to guess whats happening, we have to think the worst.

@aguytrng this is the scandal:most of the government rights will be left to lapse.very few are brought to the market at high prices so nobody will be willing to pay such premium. and guess what happens to the lapsed rights! the shareholders especially the big boys apply for them. the remainder are taken by equity and centum. thats all.

Who knows the allocation procedure after 22nd? Is it possible for Centum n EB to take their 50% under 'the underwritting' pretext before we are considered for additional rts? @Vvs, I still don't trust JM.

Now if only mere mortals like us could get them at these prices. I have placed a trial order for this price, will wait and see if am successful. I will report back.