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Kenya airways Right Issue
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QW25091985
#251 Posted : Wednesday, April 18, 2012 3:52:47 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
mwanahisa wrote:
So the last date for trading the rights on the NSE have come and gone with plenty of rights that had been put on offer going unsold. This is a pointer that the rights will NOT reach full subscription.

All the same, I think with the current froth in the market, there may be a SHORT TERM bounce in the offing, once the date for payment passes (i.e. 27th April) and shares become scarce for a while. On that basis, I have gotten me some @ 14 PURELY for SPECULATION.



how do you know the rights on offer havent been sold ?
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mwanahisa
#252 Posted : Wednesday, April 18, 2012 4:07:20 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
QW25091985 wrote:
mwanahisa wrote:
So the last date for trading the rights on the NSE have come and gone with plenty of rights that had been put on offer going unsold. This is a pointer that the rights will NOT reach full subscription.

All the same, I think with the current froth in the market, there may be a SHORT TERM bounce in the offing, once the date for payment passes (i.e. 27th April) and shares become scarce for a while. On that basis, I have gotten me some @ 14 PURELY for SPECULATION.



how do you know the rights on offer havent been sold ?


I was monitoring the market today online right up to the close. Just before 3.00 p.m. there were like 25 million rights on the sell side with NO BIDDERS. In total today only about 5.45 million rights were transacted @ 5 cents.
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VituVingiSana
#253 Posted : Wednesday, April 18, 2012 10:12:24 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,375
Location: Nairobi
QW25091985 wrote:
Aguytrying wrote:
Now SIB gives KQ rights a fair value of 20.42(48%) For Fy 2012/2013.

They claim embraers brought in this year will lead to increase in eps next year.


I dont know what they smoking, but i dont want it.


so whats your opinion . ?

SIB are the Lead Transaction Brokers.

“We expect that most shareholders will take up their rights towards the closure of the offer window,” said Amish Gupta, a director at Standard Investment Bank.

http://www.businessdaily...2/-/15aa31z/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Wednesday, April 18, 2012 10:58 PM | Reason: Not specified
Aguytrying
#254 Posted : Wednesday, April 18, 2012 11:19:00 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mwanahisa wrote:
So the last date for trading the rights on the NSE have come and gone with plenty of rights that had been put on offer going unsold. This is a pointer that the rights will NOT reach full subscription.

All the same, I think with the current froth in the market, there may be a SHORT TERM bounce in the offing, once the date for payment passes (i.e. 27th April) and shares become scarce for a while. On that basis, I have gotten me some @ 14 PURELY for SPECULATION.


You are so lost, did the bear eat you up?

Very dangerous to speculate here, but i agree with your prediction, i wrote something similar last month. i think the bounce will be on the run up to subscription announcement. I've learned about rights from u and others. The period you predict shares will be scarce, why will they be?

I have a theory this share has been propped by the major shareholders for the purpose of the rights, we'll see.
The investor's chief problem - and even his worst enemy - is likely to be himself
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  | | Edit by user: Wednesday, April 18, 2012 11:22 PM | Reason: Not specified
hisah
#255 Posted : Thursday, April 19, 2012 7:21:55 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
IFC is to participate in this rights issues. The way the rights are being vigorously marketed shows the 'confidence' behind the firm...

IFC sees loans. Citi sees loans. I see derivatives, that's what they aint saying...

http://www.nation.co.ke/...66/-/sypp14/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, April 19, 2012 7:24 AM | Reason: Not specified
the deal
#256 Posted : Thursday, April 19, 2012 8:04:00 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Money talks...Brokers are getting paid...are you? But it's such a shame that SIB produced such kind of crap just because they're getting paid by KQ...I pity who gets advice from this guys...
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VituVingiSana
#257 Posted : Thursday, April 19, 2012 9:53:10 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,375
Location: Nairobi
SIB gets paid fees & commissions.
Citibank gets fees & sales of products to KQ.
IFC gets to give loans to KQ.
The mgmt & Boards gets salaries & bonuses.

So who doesn't get paid? The shareholders who do all the paying.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#258 Posted : Thursday, April 19, 2012 10:24:20 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
SIB gets paid fees & commissions.
Citibank gets fees & sales of products to KQ.
IFC gets to give loans to KQ.
The mgmt & Boards gets salaries & bonuses.

So who doesn't get paid? The shareholders who do all the paying.


real talk. exacta.
The investor's chief problem - and even his worst enemy - is likely to be himself
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QW25091985
#259 Posted : Thursday, April 19, 2012 10:32:56 AM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
oh my allot of small talk here ! even shareholders get paid when they have returns on their investments .airlines are collapsing and returning poor results left right and center but KQ is still profitable . i like this company. rights or no rights issue
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Impunity
#260 Posted : Thursday, April 19, 2012 10:56:25 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
And who was that guy who wanted to stall the whole project?The one who has a case in court to halt the rights claiming that his right as a minority wanjiko shareholder is infringed?
Does he have a case?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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