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DTB Gets Shareholder’s Approval for Rights Issue.

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mauryc		#1 Posted : Monday, May 07, 2012 8:31:06 PM
Rank: New-farer Joined: 11/21/2010 Posts: 50 Location: nairobi		The shareholders of Diamond Trust Bank (DTB) have approved a KES 1.8 billion rights issue as proposed by the Board. Will it be successful? What do we expect of the share price?
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guru267		#2 Posted : Monday, May 07, 2012 9:03:58 PM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		mauryc wrote: Will it be successful? What do we expect of the share price? The rights are likely to be offered at 73.60bob which is a 24.5% discount... Since there is very little dilution raising much needed capital I think it will be wildly oversubscribed.. Mark 12:29 Deuteronomy 4:16
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VituVingiSana		#3 Posted : Tuesday, May 08, 2012 2:54:33 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi		This is the real deal unlike KQ's Rights Issue Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Aguytrying		#4 Posted : Tuesday, May 08, 2012 8:07:06 AM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		VituVingiSana wrote: This is the real deal unlike KQ's Rights Issue Exactly what i also thought. Minimal dilution, not asking for alot of money. This one most likely will work.maybe even worth a speculative play( that's the evel part of aguy im fighting to control!) Things must be thick on liquidity side. The investor's chief problem - and even his worst enemy - is likely to be himself
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youcan'tstopusnow		#5 Posted : Tuesday, May 08, 2012 3:37:01 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		Aguytrying wrote: VituVingiSana wrote: This is the real deal unlike KQ's Rights Issue Exactly what i also thought. Minimal dilution, not asking for alot of money. This one most likely will work.maybe even worth a speculative play( that's the evel part of aguy im fighting to control!) Things must be thick on liquidity side. Never looked at it really since we rode it to 150-160 based on the bonus play. Unakumbuka! Seems a long time... GOD BLESS YOUR LIFE
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Aguytrying		#6 Posted : Tuesday, May 08, 2012 4:04:34 PM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		youcan'tstopusnow wrote: Aguytrying wrote: VituVingiSana wrote: This is the real deal unlike KQ's Rights Issue Exactly what i also thought. Minimal dilution, not asking for alot of money. This one most likely will work.maybe even worth a speculative play( that's the evel part of aguy im fighting to control!) Things must be thick on liquidity side. Never looked at it really since we rode it to 150-160 based on the bonus play. Unakumbuka! Seems a long time... yep. last yr. it is a nice company. fond memories The investor's chief problem - and even his worst enemy - is likely to be himself
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Wondergirl		#7 Posted : Friday, May 25, 2012 10:39:59 AM
Rank: Member Joined: 9/12/2009 Posts: 312		guru267 wrote: mauryc wrote: Will it be successful? What do we expect of the share price? The rights are likely to be offered at 73.60bob which is a 24.5% discount... Since there is very little dilution raising much needed capital I think it will be wildly oversubscribed.. Madam Guru, Any news yet on the price and dates? Looks like it has started making some movements...
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Wondergirl		#8 Posted : Friday, May 25, 2012 3:51:12 PM
Rank: Member Joined: 9/12/2009 Posts: 312		Wondergirl wrote: guru267 wrote: mauryc wrote: Will it be successful? What do we expect of the share price? The rights are likely to be offered at 73.60bob which is a 24.5% discount... Since there is very little dilution raising much needed capital I think it will be wildly oversubscribed.. Madam Guru, Any news yet on the price and dates? Looks like it has started making some movements... Guys, Please help out a sister here!
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