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Stanchart Kenya's H1 pretax profit surges 87 pct
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cnn
#21 Posted : Saturday, August 11, 2012 8:05:45 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
mwekez@ji wrote:
The H1 2012 CEO statement says the KES 3.2 B rights issue that was approved by shareholders in the last AGM will be done in this H2 2012 #Watch out.

Not much dilution,assuming a discounted price of around 170 shiilings to raise the 3.2 billion gives an approximate offer of one share for every twenty held during the rights issue.
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youcan'tstopusnow
#22 Posted : Sunday, August 12, 2012 12:29:28 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
cnn wrote:
mwekez@ji wrote:
The H1 2012 CEO statement says the KES 3.2 B rights issue that was approved by shareholders in the last AGM will be done in this H2 2012 #Watch out.

Not much dilution,assuming a discounted price of around 170 shiilings to raise the 3.2 billion gives an approximate offer of one share for every twenty held during the rights issue.


The last rights were offered at a discount of around 35% percent (If I remember right). stocksmaster anticipated it and made a play on it...
GOD BLESS YOUR LIFE
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mwekez@ji
#23 Posted : Tuesday, August 14, 2012 10:43:09 AM
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Joined: 5/31/2011
Posts: 5,121
StanChart picks advisory team for Sh3.2bn rights issue

http://www.businessdailyafrica....80/-/n4rhvr/-/index.html
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hisah
#24 Posted : Tuesday, August 14, 2012 5:24:33 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Most likely same game coming up - http://www.standardchart..._Memorandum_Aug_2010.pdf
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#25 Posted : Tuesday, September 11, 2012 5:55:49 PM
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Joined: 2/26/2012
Posts: 15,980
31.6% discount
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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cnn
#26 Posted : Tuesday, September 11, 2012 7:26:54 PM
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Joined: 6/17/2009
Posts: 1,619
Priced @ 145,looking forward to this one.
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King G
#27 Posted : Tuesday, September 11, 2012 8:23:01 PM
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Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Pass, i have never liked this bank, afadhali BBK
Thieves
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hisah
#28 Posted : Wednesday, September 12, 2012 5:51:02 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
murchr wrote:
31.6% discount

Back in 2010 the rights discount was 22% (average share price for 6 months) sold at 165.45/- in the ratio of 1 for every 18 held in order to raise 2.4B. Rights shares created - 15.9M.

This time the ratio is 21% (average share price for 6 months) sold at 145/- in the ratio of 1 for every 13 held in order to raise 3.2B. Rights shares created - 22M.

Same game different time...

dyerandblair wrote:
Relative to the index, the share price movement has executed the same trend with the 20-share index. However in August the share price rallied up to Kshs 299 driven by investors who were taking positions in order to be eligible to participate in the rights before the register closure that was on August 18, 2010. After the books closure the share price declined by 19% to today’s value of Kshs 251. We expect and encourage the existing shareholders to take up the rights hence minimize negative implications in terms of share dilution.

Date - 8 Sep 2010.


Mr. Market forgets very fast and those that bought at 251/- are still underwater and worse if they didn't participate in the rights of 2010...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kyt
#29 Posted : Wednesday, September 12, 2012 11:31:31 PM
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Joined: 11/7/2007
Posts: 2,182
@hisah stanchart stayed at 280 for a very long time, way until feb 2011, those who bought the rights were 100+ shillings in the good.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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