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KENOL KOBIL .... 2012
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VituVingiSana
#141 Posted : Monday, May 07, 2012 7:56:52 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
Jamani wrote:
VituVingiSana wrote:
Jamani wrote:
Aguytrying wrote:
I'm also confused. I thought book closure was 30th April on monday.

@jamani. Why would you buy now at 12.60, possibly ex-dividend???? It will come down hard. I will be waiting for it down there to add and add.


Seems I got lucky
LUCKY is an understatement! =I doubt the Sellers are looking at 12.60 as the price to sell out... I am hoping for a much higher price! How high can it go???


@VVS I bought the share a day or 2 before the books closed and Aguytrying ws confused and questioned why i couldnt wait for the closure, stating that the price will go down hard... thats why i say i got lucky i had change and decided to order for KEKE
So utakula 43 cents + any gains from the news. Knowing KEKE... they could close this in a hurry. I expect an EGM in 3-4 months in line with the release of 1H 2012 Results.

I wonder if a special dividend is on the way - some firms distribute a special dividend upon a takeover?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Jamani
#142 Posted : Monday, May 07, 2012 7:59:07 PM
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Joined: 9/12/2006
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Kesho ni mbali sana.... castles castles nita lala kweli
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cnn
#143 Posted : Monday, May 07, 2012 8:02:53 PM
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@vvs...do we have a template for this one?,i do not recall the fine details of Unilever's majority shareholder take over and subsequent de-listing.
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VituVingiSana
#144 Posted : Monday, May 07, 2012 8:08:42 PM
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Location: Nairobi
This also leads me to believe that a settlement with KPC is likely since MoE will stick its nose in the business of KK's takeover since it is the largest OMC in Kenya [& the region].

I hope KK settles it for a hefty sum/credit which would add value to KK's earnings & NAV.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Jamani
#145 Posted : Monday, May 07, 2012 8:11:55 PM
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cnn wrote:
@vvs...do we have a template for this one?,i do not recall the fine details of Unilever's majority shareholder take over and subsequent de-listing.


Wait a minute, are they talking of take-over of majority shares or delisting?
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VituVingiSana
#146 Posted : Monday, May 07, 2012 8:13:48 PM
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Location: Nairobi
cnn wrote:
@vvs...do we have a template for this one?,i do not recall the fine details of Unilever's majority shareholder take over and subsequent de-listing.
I believe Puma has to acquire 80% of all outstanding shares to initiate a Takeover

1) Puma buys out 'major' shareholders [say 60%]
2) Puma applies to CMA to acquire an additional 20-40%
3) If Puma acquires at least 80%, then it can launch a compulsory takeover [which means it makes another offer to the rest]. Can also be de-listed unless exempted. In this scenario, there may be a compulsory buyout UNLESS one says they DON'T want to sell.
4) If 90% & over is acquired then a delisting can happen even for those who never sold.

Why would minority shareholders not sell?

1) Dead, stuck in limbo, etc [inactive shareholders]
2) Some feel the price is too low to sell
3) Inaction or defiance.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#147 Posted : Monday, May 07, 2012 8:17:06 PM
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Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
Jamani wrote:
cnn wrote:
@vvs...do we have a template for this one?,i do not recall the fine details of Unilever's majority shareholder take over and subsequent de-listing.

Wait a minute, are they talking of take-over of majority shares or delisting?
A Takeover might be in the works as well. This would entail a delisting since no point is having a single (or less than 10% of the shares) shareholder list!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Jamani
#148 Posted : Monday, May 07, 2012 8:25:57 PM
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Joined: 9/12/2006
Posts: 1,554
VituVingiSana wrote:
Jamani wrote:
cnn wrote:
@vvs...do we have a template for this one?,i do not recall the fine details of Unilever's majority shareholder take over and subsequent de-listing.

Wait a minute, are they talking of take-over of majority shares or delisting?
A Takeover might be in the works as well. This would entail a delisting since no point is having a single (or less than 10% of the shares) shareholder list!


Should that be the case, how would we ensure we get a better price? i mean how do they calculate the offer price to the rest of the shareholders so that they takeover amicably
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VituVingiSana
#149 Posted : Monday, May 07, 2012 8:28:45 PM
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Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
Jamani wrote:
VituVingiSana wrote:
Jamani wrote:
cnn wrote:
@vvs...do we have a template for this one?,i do not recall the fine details of Unilever's majority shareholder take over and subsequent de-listing.

Wait a minute, are they talking of take-over of majority shares or delisting?
A Takeover might be in the works as well. This would entail a delisting since no point is having a single (or less than 10% of the shares) shareholder list!

Should that be the case, how would we ensure we get a better price? i mean how do they calculate the offer price to the rest of the shareholders so that they takeover amicably
Gets complicated but the simplest is to offer the same price as offered to Majority shareholders...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#150 Posted : Monday, May 07, 2012 8:43:32 PM
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Jamani wrote:
Kesho ni mbali sana.... castles castles nita lala kweli

Laughing out loudly Laughing out loudly
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Jamani
#151 Posted : Monday, May 07, 2012 8:44:50 PM
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Posts: 1,554
I just reread it again and now i understand they want all the shares...

"contemplates making a Take-Over offer to acquire all the shares in the Company in accordance with those regulations"

waiting to see the selling price kesho...
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the deal
#152 Posted : Monday, May 07, 2012 8:54:45 PM
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Location: Windhoek/Nairobbery
KEKEKEKEKEKEKE...WOOOW Segmen stressed at the AGM that any strategic investor or buyer will have to come in at a higher price...this is more than Sh20 folks....
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Sure
#153 Posted : Monday, May 07, 2012 8:59:12 PM
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Joined: 9/9/2010
Posts: 546
Location: Garissa
Jamani wrote:
I just reread it again and now i understand they want all the shares...

"contemplates making a Take-Over offer to acquire all the shares in the Company in accordance with those regulations"

waiting to see the selling price kesho...


Does that mean we are going to be bought out like in the Unilever case? Men, we are on a roll? Thanks to Vitu Vingi and his visionary capability. Vitus for president.
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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WWW
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Sure
#154 Posted : Monday, May 07, 2012 9:05:19 PM
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Posts: 546
Location: Garissa
What messes my mind now is why Shell is selling its outlets to that West African outfit. The way businesses work at times leaves you with more than answers. Bharti came calling and are a sad lot now. Be discerning enough before you put your money in castles built on air. But this KK thing is no Castle in the air.
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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Jamani
#155 Posted : Monday, May 07, 2012 9:19:22 PM
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stocksmaster
#156 Posted : Monday, May 07, 2012 9:25:14 PM
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Joined: 9/26/2006
Posts: 405
Location: CENTRAL PROVINCE
VituVingiSana wrote:
YES... My payoff is here Laughing out loudly Applause Drool Drool Drool Pray Pray Pray Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Applause Applause Applause Laughing out loudly Laughing out loudly Pray Pray Pray Applause Applause Applause

Where is @stocksmaster>


Am doing my dance of joy.........

The take-over was hinted by Segman last year.The key will be the price agreed upon between the major shareholder and Puma as this will give an idea of how the new entrant values KK and what offer will be extended to the minority shareholders.....have to do a research to see what puma offered other acquisitions and decide whether to cash in with the expected price rally or hold till puma comes for my shares......

The hunt doesn't get any sweeter......

Happy Hunting....
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Aguytrying
#157 Posted : Monday, May 07, 2012 9:38:34 PM
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Joined: 7/11/2010
Posts: 5,040
@ Jamani. No words, perfect timing

i second. vitus for president

Note the last paragraph:

"Accordingly, shareholders of the Company and the general public are cautioned against any speculative trading in the shares of the Company until such time as a further announcement is made"

Well, when you tell people what not to do they normally do the opposite.
The investor's chief problem - and even his worst enemy - is likely to be himself
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guru267
#158 Posted : Monday, May 07, 2012 9:44:22 PM
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Joined: 1/21/2010
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A time to HARVEST!! Laughing out loudly Applause Laughing out loudly
Mark 12:29
Deuteronomy 4:16
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Aguytrying
#159 Posted : Monday, May 07, 2012 9:48:11 PM
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Joined: 7/11/2010
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Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
ha ha ha
The investor's chief problem - and even his worst enemy - is likely to be himself
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MoneyMonger
#160 Posted : Monday, May 07, 2012 9:59:01 PM
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Joined: 4/25/2012
Posts: 110
smile smile
There is nothing as dangerous as an Idea, when there is only one Idea
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