Anyone who said they bought the rights at 1.50-0.5 is telling a blatant lie which is sad

If it were possible for anyone in the public to get the rights at that price then why is the share trading at 23....

The arbitrage between the share price and the rights shows the rights traded at that price were not available to you and me but to selected institutions...

Looks the government offloaded most of the rights today. Guys who got at 0.5 kes are lucky. When the shares come to the market they will comfortably sell at 24 bob and still smile.that is over 16% profit.

@guru if @pkoli got their rights @.50 why are you so sure they're lying?

@guru. What difference is there between pre-planned sale of gok rights at throw away prices and those who pre-planned PEV? There is also this cheap argument that gok can do or is free to sell her rts to whomever! Why should they deny us the right to buy rts publicly so that the 'undertakers' can have them later? We need PLO to investigate.

Selah why did you wait until the very last minute? I got my rights at 1.50 bob in the morning. Granted I would might have got them at 0.5 in the afternoon but this would not have been guaranteed. I am ok with the 1.5

It was apparent there was going to be something fishy right from the start. I remember asking someone to clarify at the AGM how the govt rights would be treated but he just received a so-so answer from KPLC's MD.

Daylight thievery.

@jerry just because an action is unethical doesn't make it illegal..

I believe what Gova did was in the best interest of current shareholders...

Selling to institutions rather than retail guys is more likely to provide stability to the price since they usually have a long term approach rather than the speculation that is rife among retail investors...

Now the rights that lapsed belong to the eligible shareholders first and then centum and equity are next in line...

Either way.. Rights will be oversubscribed..

Look here guys i personally as a shareholder would not like to have seen the shareholder list jump from 7 thousand to 50 thousand just because the rights issue was available to every tom dick and harry...

Gova made the perfect move that was expected of them by current shareholders because now their rights are available to us and the rest untaken to only centum and equity...

I believe they were sold to institutions with a long term strategy who know that

By 2014 there is a target output of 2,500MW

And by 2025 15,000MW

If current output of 1,100 MW yields 39billion revenues i wonder what the above targets will produce.

those are just projections...do you remember electricity for all by yr 2000? si ilipita...it will be more like 2500MW by 2025.