QW25091985 wrote:ProverB wrote:mwekez@ji wrote:WTH, some KQ rights have traded, at 5 cents!!! Circa 330,000 rights. Must be one of the big moneyed boys. Just seen it in NSE report.
..only because it couldn't trade lower than stipulated 14.00..
This ought to be a sign of what general market thinks of the share valuation.. it is worth way cheaper than 14.00
Assuming Institutional investors keep their word and take up rights due them..and the same for foreign investors..
..local individuals control about 22% of total shares issued.. translating to 400Million new share in retail trader hands... :)
..to assume the share price will not feel supply pressures hence drop would be really a long short...especially in the short to medium term..
I still retain.. ideal price..is sub 10bob.. eiiiish ! come down my friend . some of us are trying to make money with this rights issue .
Circa 14 has held for a while now. All wanjiku should place their offers here to create the bulk shares that qualified/institutional investors want. Then KQ will be all institutional
Otherwise, this tiny volumes will drive this counter to single digit. and if the volumes supplied remain tiny even at single digit, then it will stay there for a loooooooooooong time~!