OFcourse kplc rights wount attain over-subscription.there's too much demand for funds in trhe market right now as the nse is proving to be the best place to raise cheap funds.Sadly the offer comes at a time when the market is crowded with both public and private placements all seeking to raise additional capital.

Clothing store Deacons this week said it will be entering the market to raise 800 million shilling through a public offer, Central Bank of Kenya plans to raise 5 billion shillings through a government paper while two banks and an insurance company are also seeking capital injection from the market.

@the Deal, QW. What is ur logic if any? The plan yesterday was meant to ensure some crooks get the rts as near as possible to KES19.50 since there will be oversubscription and extra allocation is uncertain. CMA/STELLA has been compromised! Who decides on issues like extension of trading hrs for 'thieves' to have a field day?

and guys are waiting for the Wednesday deadline before dropping in their orders. kenyans!

Best decision I ever made!!! I knew the sellers would get desperate as the deadline approached. Simple logic: As a buyer, I don't have to buy. I can always buy the shares later. As a seller YOU HAVE TO SELL by 15th or else you loose your chance for good! If you don't have cash to exercise the rights yourself, that's money down the drain.

To cut a long story short, I called my broker that day planning to make an order at 1.3/= but she recommended 1/=. I did her an email placing the order at 1/= only to realize later she actually got me the rights at 0.50/=!!!

Best decision I ever made!!! I knew the sellers would get desperate as the deadline approached. Simple logic: As a buyer, I don't have to buy. I can always buy the shares later. As a seller YOU HAVE TO SELL by 15th or else you loose your chance for good! If you don't have cash to exercise the rights yourself, that's money down the drain.

weird! My story is so similar. And my broker is also a lady. 4 told her to bid 1.50 in the morning after studying for an hour. She delayed placing the order and at around 2pm. She got them for 0.50. So lucky was i.

My guys in kampala haven't yet received mine..

But i usually give two weeks allowance before complainin to cater for African inefficiencies...

Why would you be certain of this? We still do not know if there is going to be an undersubscription. So you may sell out now at 22 hoping to get additional rights at 19.5 and then fail to get the number of shares you sold.....

Everyone is guaranteed to get 20/51 * shares held [at 3.00pm on 25th November 2010] + 1000. If you sell these number of shares, you are sure you will "get them back".

If you are talking about the guaranteed 1000, it sure seems to be a lot of trouble to go in to earn 2500/= less fees

I am made to understand that even people who bought the rights in the market can apply for additional rights! This is getting romantic! Picture this:

You could have simply bought 100 rights at a premium then apply for as many rights as you can [at 19.50/= like the other shareholders]! You will be guaranteed of the first 1000 rights and the rest will be allocated on a pro-rata basis.

For those of you who want to pull this move [applying for additional shares], you can still do it today. Talk to your broker.