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NIC 1:4 rights issue - sh21 per share
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StatMeister
#41 Posted : Wednesday, September 05, 2012 10:59:37 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
mwekez@ji wrote:
Rights at a premium of KES 15. Share going at KES 35 #Noted


15 + 21 = 36. As long as the new shares can sell at 37+. Sounds risky
A bad day fishing is better than a good day at work
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King G
#42 Posted : Wednesday, September 05, 2012 11:03:14 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
This is now irrational investing; surely what is the driving factor. We are headed for massive over-subscription. over 150% coz of the price if you put the results of DTB rights issue into perspective.
Thieves
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kyt
#43 Posted : Wednesday, September 05, 2012 12:59:50 PM
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Joined: 11/7/2007
Posts: 2,182
King G wrote:
This is now irrational investing; surely what is the driving factor. We are headed for massive over-subscription. over 150% coz of the price if you put the results of DTB rights issue into perspective.

the subscribtion rate may not be as high as DTB, the anchor investors are lower than DTB BUT, the incentive is the price, its really appealing, totally appealing.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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kyt
#44 Posted : Wednesday, September 05, 2012 1:01:47 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
StatMeister wrote:
mwekez@ji wrote:
Rights at a premium of KES 15. Share going at KES 35 #Noted


15 + 21 = 36. As long as the new shares can sell at 37+. Sounds risky

totally risky, but maybe it may top 4o, with the met predicting an above normal rainfall, you never know, 2013 maybe a bumper year aferall
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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King G
#45 Posted : Wednesday, September 05, 2012 1:29:11 PM
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Joined: 6/20/2012
Posts: 3,855
Location: Othumo
kyt wrote:
King G wrote:
This is now irrational investing; surely what is the driving factor. We are headed for massive over-subscription. over 150% coz of the price if you put the results of DTB rights issue into perspective.

the subscribtion rate may not be as high as DTB, the anchor investors are lower than DTB BUT, the incentive is the price, its really appealing, totally appealing.


But i believe the Ndegwa's have enough quid to prevent an undersubscription. This bank has been their pet in the banking sector investment and they want to prove their late dad never took them to school for nothing.
Thieves
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Aguytrying
#46 Posted : Wednesday, September 05, 2012 2:01:40 PM
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Joined: 7/11/2010
Posts: 5,040
the premium is too high!
what about dilution??
are rights retradable? ie buy rights the sell them again if yes. one would have madew >100% gain on this one.
The investor's chief problem - and even his worst enemy - is likely to be himself
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kyt
#47 Posted : Wednesday, September 05, 2012 2:05:53 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
Aguytrying wrote:
the premium is too high!
what about dilution??
are rights retradable? ie buy rights the sell them again if yes. one would have madew >100% gain on this one.

that is what i think is happening, yes of course rights should be trad-able, why not?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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guru267
#48 Posted : Wednesday, September 05, 2012 2:12:47 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Aguytrying wrote:
the premium is too high!
what about dilution??
are rights retradable? ie buy rights the sell them again if yes. one would have madew >100% gain on this one.


Rights are not tradeable. Wants you buy off the market you can only sell wants the rights have been credited and all of them start trading...

The premium is not too high! it was the rights price that was too low!
Mark 12:29
Deuteronomy 4:16
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Aguytrying
#49 Posted : Wednesday, September 05, 2012 7:45:36 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
guru267 wrote:
Aguytrying wrote:
the premium is too high!
what about dilution??
are rights retradable? ie buy rights the sell them again if yes. one would have madew >100% gain on this one.


Rights are not tradeable. Wants you buy off the market you can only sell wants the rights have been credited and all of them start trading...

The premium is not too high! it was the rights price that was too low!


i like the way you are always in the know.

the bonus is a factor in the valuation of the rights.
at 15+21= 36. unless the nse takes of as a whole NIC was trading at around 35. so what gain is there to be had by buying rights, the share may struggle to get past 40 (unless nse takes off)

I they want the share that bad buy in the market for less than the rights+premium. at 34. Which can even be sold sooner incase things change
The investor's chief problem - and even his worst enemy - is likely to be himself
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kyt
#50 Posted : Friday, September 07, 2012 4:05:44 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
how fast is an eft? from one bank to another.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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