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Kengen 2013 rights issue!
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gesowan
#11 Posted : Wednesday, February 13, 2013 4:10:49 AM
Rank: Member

Joined: 11/6/2010
Posts: 289
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
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
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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  | | Edit by user: Wednesday, February 13, 2013 6:06 AM | Reason: Not specified
techboy
#13 Posted : Wednesday, February 13, 2013 7:09:23 AM
Rank: User

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
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
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
Rank: Elder

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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  | | Edit by user: Wednesday, February 13, 2013 7:53 AM | Reason: Not specified
mibbz
#16 Posted : Wednesday, February 13, 2013 8:13:14 AM
Rank: Member

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
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
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
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
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
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
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
Rank: Elder

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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