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STOCKS TO SELL by yaserbigchair
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My 2 cents
#291 Posted : Thursday, December 16, 2010 9:50:22 AM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,089
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.
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VituVingiSana
#292 Posted : Thursday, December 16, 2010 10:21:42 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
My 2 cents wrote:
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.
Pole sana! These should have been put out there on the Board from the beginning... Not on the last day! On the other hand, why wait till the last minute? Queuing up to buy Rights at 3pm on the last day???
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#293 Posted : Thursday, December 16, 2010 10:23:03 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
jerry wrote:
@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.



@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..
Mark 12:29
Deuteronomy 4:16
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Fomoney
#294 Posted : Thursday, December 16, 2010 10:27:17 AM
Rank: Member

Joined: 7/9/2006
Posts: 79
of course it was robbery, @guru hold your horses on this.
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guru267
#295 Posted : Thursday, December 16, 2010 10:33:34 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Fomoney wrote:
of course it was robbery, @guru hold your horses on this.


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... Laughing out loudly Laughing out loudly Laughing out loudly
Mark 12:29
Deuteronomy 4:16
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sheep
#296 Posted : Thursday, December 16, 2010 10:35:18 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
are we sure its some institutions or some big fishes? I believe that rather than give stability,they will make the share more volatile...I believe they are waiting to cash in at 20-30% gains...so there will be very heavy supply at this levels that will keep the rise of this watered down stock in check.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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guru267
#297 Posted : Thursday, December 16, 2010 10:41:01 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
sheep wrote:
are we sure its some institutions or some big fishes? I believe that rather than give stability,they will make the share more volatile....


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.
Mark 12:29
Deuteronomy 4:16
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selah
#298 Posted : Thursday, December 16, 2010 10:43:45 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Are the shareholders allowed to transfer their rights till 22 dec.If its allowed then there must be a black market somewhere where people are transferring their rights at a premium.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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sheep
#299 Posted : Thursday, December 16, 2010 11:14:29 AM
Rank: Veteran

Joined: 7/24/2008
Posts: 781
guru267 wrote:
sheep wrote:
are we sure its some institutions or some big fishes? I believe that rather than give stability,they will make the share more volatile....


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.
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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guru267
#300 Posted : Thursday, December 16, 2010 11:24:53 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
sheep wrote:
those are just projections...do you remember electricity for all by yr 2000? si ilipita...it will be more like 2500MW by 2025.


Well @sheep in 2000 we were under M.O.1 and there was no new constitution... 2014 is near so we'll be able to judge soon enough.

then again every stock has its haters lakini tunawapenda wote...
Mark 12:29
Deuteronomy 4:16
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