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Kengen 2013 rights issue!
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guru267
#1 Posted : Tuesday, February 12, 2013 11:36:33 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
The CMA has blundered by announcing this before the management Sad
Aren't we in for a rude shock on the share price??

www.businessdailyafrica....8/-/jfvcijz/-/index.html
Mark 12:29
Deuteronomy 4:16
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Mukiri
#2 Posted : Wednesday, February 13, 2013 12:01:37 AM
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Joined: 7/11/2012
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What is the likely effect on the price of this share?d'oh!

Proverbs 19:21
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Cde Monomotapa
#3 Posted : Wednesday, February 13, 2013 12:40:32 AM
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smile
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murchr
#4 Posted : Wednesday, February 13, 2013 1:24:57 AM
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Joined: 2/26/2012
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Very funny... smile
"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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gesowan
#5 Posted : Wednesday, February 13, 2013 1:31:13 AM
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this is sad ....guys will dump their shares this thing will go down to ksh 5
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murchr
#6 Posted : Wednesday, February 13, 2013 1:33:40 AM
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gesowan wrote:
this is sad ....guys will dump their shares this thing will go down to ksh 5


Sell some and buy them back cheaply
"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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gesowan
#7 Posted : Wednesday, February 13, 2013 1:44:34 AM
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with this information no one will buy ...there is alot in Rights issue ....this Muthaura guy should not lead CMA hata kama Githae wants him NKT
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VituVingiSana
#8 Posted : Wednesday, February 13, 2013 2:06:44 AM
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Joined: 1/3/2007
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Can the CMA police the CMA? Isn't it material information that KenGen is thinking of a Rights Issue? This should be information provided to all shareholders by the firm not by folks who are blabbing left & right at the CMA.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#9 Posted : Wednesday, February 13, 2013 2:12:43 AM
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Location: Nairobi
Current price is around 12.50 so a 20% discount (as is common in Rights Issues) means one can buy at 10/- which leads me to believe that the current shareholders are screwed as the price will inch downwards. The Rights Issue will likely be a huge one [compare to what KPLC did] which will create downward pressure on the share price. Shareholders... enjoy the ride downhill.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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murchr
#10 Posted : Wednesday, February 13, 2013 2:59:56 AM
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VituVingiSana wrote:
Can the CMA police the CMA? Isn't it material information that KenGen is thinking of a Rights Issue? This should be information provided to all shareholders by the firm not by folks who are blabbing left & right at the CMA.


That info would have come out in some AGM. The more i read this the more am thinking this may not just happen. Let the share sink tho...it might be time to pick some penny stock
"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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gesowan
#11 Posted : Wednesday, February 13, 2013 4:10:49 AM
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i agree we did rights for KPC and we went south yet to recover...Wanjiku UZA haraka ,so is this the way the outgoing CEO wants to get more shares?
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Cde Monomotapa
#12 Posted : Wednesday, February 13, 2013 5:37:22 AM
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Joined: 1/13/2011
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Think of the healthier balance sheet (Debt/Equity ratio)...less GoK...think about Horizon 2, 3 projects...put your country 1st dear investors, it's bigger than all of us... *hides* ;-)
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techboy
#13 Posted : Wednesday, February 13, 2013 7:09:23 AM
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Joined: 6/18/2009
Posts: 271
OOOH ! back to 10 bob ????? this isnt happening
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Pesa Nane
#14 Posted : Wednesday, February 13, 2013 7:47:47 AM
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Joined: 5/25/2012
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guru267 wrote:
The CMA has blundered by announcing this before the management Sad
Aren't we in for a rude shock on the share price??

Market manipulation! Market manipulation!! Do we run to CMA? Ohh, the idiot is the acting chief executive. Naomba serikali..... Shame on you Shame on you Shame on you
Pesa Nane plans to be shilingi when he grows up.
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the deal
#15 Posted : Wednesday, February 13, 2013 7:52:02 AM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
GoK with a 70% shareholding means the rights issue is already a success...the unknown is the magnititude of the cash call...I also dont think GoK has the money to take part in a huge cash call considering the huge budget deficit....could be KES10-20 Billion...50-100% dilution...stock will stall but not plunge....S**** the guy who made the information public before the management!....
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mibbz
#16 Posted : Wednesday, February 13, 2013 8:13:14 AM
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Joined: 2/18/2011
Posts: 448
Dilution should be expected whether it has a large backing or not;what shall happen to future dividends which was ksh 0.5 this past year?
The problem with Kengen is it requires massive infrastructure layout in order to make decent return;whats the turn around time between receiving the cash and finishing the project? thats what makes this a tortoise in comparison to banks
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mlennyma
#17 Posted : Wednesday, February 13, 2013 8:19:40 AM
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Let me sell and board another stock,here is a rights issue and the further privatisation plan by gvt to upload more shares remains speculation,this share will stall.
"Don't let the fear of losing be greater than the excitement of winning."
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dunkang
#18 Posted : Wednesday, February 13, 2013 8:36:27 AM
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Joined: 6/2/2011
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Location: -1.2107, 36.8831
This money to be collected will be used to generate more electricity.

This electricity will be TRANSMITTED by KETRACO using E.A Cables products.

The transmitted power will be DISTRIBUTED by KPLC using E.A Cables products.

THANK YOU KENGEN FOR CREATING MORE BUSINESS OPPORTUNITY FOR US.
Receive with simplicity everything that happens to you.” ― Rashi

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Aguytrying
#19 Posted : Wednesday, February 13, 2013 9:04:22 AM
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Joined: 7/11/2010
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Thank God I logged into wazua this morning. Its irresponsible to report like this. thanks guru 267.
I hope cfc online platform is working today unlike jana
ill get back in later
The investor's chief problem - and even his worst enemy - is likely to be himself
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chemos
#20 Posted : Wednesday, February 13, 2013 9:23:55 AM
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Joined: 11/28/2006
Posts: 1,799
Aguytrying wrote:
Thank God I logged into wazua this morning. Its irresponsible to report like this. thanks guru 267.
I hope cfc online platform is working today unlike jana
ill get back in later



the online platform has MADEEEMONI.... nkt...
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