Wazua
»
Investor
»
Stocks
»
AccessKenya takeover offer at 14/=
Rank: Elder Joined: 9/12/2006 Posts: 1,554
|
mlennyma wrote:My only question and dilemma is to accept or turn down? We should atleast put some resistance by ensuring we educate each other not to sign the forms till the price is improved....that is.. to ensure they don't get 75%
|
|
|
Rank: Elder Joined: 9/12/2006 Posts: 1,554
|
King G wrote:I see the threshold of 75% not being met in this one. We might be locked in for a long time .. tussles That's my prayer 
|
|
|
Rank: New-farer Joined: 6/10/2013 Posts: 52
|
We also need to ask the directors for disclosure of all fees payable by Access in connection with the take-over including legal, financial advisers, directors for extra work related to the offer etc.
|
|
|
Rank: Veteran Joined: 2/3/2012 Posts: 1,317
|
Jamani wrote:I understand it differently.... Read the standstill clause for yourself.
In addition in the event that a higher competing take-over offer is made to acquire AccessKenya and such offer becomes or is declared unconditional AccessKenya will be obliged to pay Dimension Data a break fee of USD 2,500,000; and
I dont understand why the Govt waived the 20% rule with such a clause??? Kenya is fast becoming Africa's ICT hub and DD know it.
|
|
|
Rank: Member Joined: 4/14/2011 Posts: 639
|
kollabo wrote:Jamani wrote:I understand it differently.... Read the standstill clause for yourself.
In addition in the event that a higher competing take-over offer is made to acquire AccessKenya and such offer becomes or is declared unconditional AccessKenya will be obliged to pay Dimension Data a break fee of USD 2,500,000; and
I dont understand why the Govt waived the 20% rule with such a clause??? Kenya is fast becoming Africa's ICT hub and DD know it. This deal is so skewed in DD's favour.Probably it would pay to wear the same googles like DD and be their partners.They must have a very big plan for AK definately.Its the shareholders call at the end of the day
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
My broker told me to let go and look for another woman to marry. "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: New-farer Joined: 6/10/2013 Posts: 52
|
DD can only squeeze out i.e. forcefully buy out minority shareholders if they hold 90% of the shares. I am not selling unless I am forced to. We are worth more than 14/- a share and DD seems to see that.
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
The directors know that small shareholders cant change anything and iam sure all big shareholders have met and agreed on a common position. "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: New-farer Joined: 6/10/2013 Posts: 52
|
mlennyma wrote:The directors know that small shareholders cant change anything and iam sure all big shareholders have met and agreed on a common position. I think not. There are over 28000 shareholders here and about 50% is controlled by private investors, I would think the directors have got about 50% behind them which means us private shareholders hold the key here.
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
I will wait until the last day of offer "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 9/12/2006 Posts: 1,554
|
mlennyma wrote:I will wait until the last day of offer It won't help you... You won't know anything in regards to the numbers that have accepted to make you take an informed decision on the last day, which is the 14th of Aug. The meeting has cleverly been put on the 20 th of Aug after closure.... My suggestion would been to have as many shareholders as possible to hold till the meeting then make a decision. If this is done and they miss-out of the 75% +1, there will be a likely would of increasing the offer price. Read through the offer document and you will note several clauses hinting to increase of offer price. I just hope sharesholders will behave like Knut
|
|
|
Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
|
Jamani wrote:mlennyma wrote:I will wait until the last day of offer It won't help you... You won't know anything in regards to the numbers that have accepted to make you take an informed decision on the last day, which is the 14th of Aug. The meeting has cleverly been put on the 20 th of Aug after closure.... My suggestion would been to have as many shareholders as possible to hold till the meeting then make a decision. If this is done and they miss-out of the 75% +1, there will be a likely would of increasing the offer price. Read through the offer document and you will note several clauses hinting to increase of offer price. I just hope sharesholders will behave like Knut Sossion  I am not signing and i have two accounts!!!! Thieves
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
Tell me,if we dont sell and the deal goes through,how hard is it to sell?will there be a window to still sell at 14? after delisting what determines the price? "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,908
|
Let us accept, sell, get out cheque & move on to another counter. DD & the Somens are big brothers & have more muscle. Small fish wont manage the fight. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
Sure ann "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 9/12/2006 Posts: 1,554
|
mlennyma wrote:Tell me,if we dont sell and the deal goes through,how hard is it to sell?will there be a window to still sell at 14? after delisting what determines the price? It will not be hard to sell you will only sell to DD @14 irrespective of when you sell....Remember they want 100% The price as is noted on the offer documents might be increased if they fail to get 75%+1
|
|
|
Rank: Elder Joined: 9/12/2006 Posts: 1,554
|
Angelica _ann wrote:Let us accept, sell, get out cheque & move on to another counter. DD & the Somens are big brothers & have more muscle. Small fish wont manage the fight. Will shareholders who bought above 30 listen to your advise, bearing in mind that the company is being sold cheap based on micro and macro environmental factors presenting opportunities for growth
|
|
|
Rank: Elder Joined: 9/12/2006 Posts: 1,554
|
King G wrote:Jamani wrote:mlennyma wrote:I will wait until the last day of offer It won't help you... You won't know anything in regards to the numbers that have accepted to make you take an informed decision on the last day, which is the 14th of Aug. The meeting has cleverly been put on the 20 th of Aug after closure.... My suggestion would been to have as many shareholders as possible to hold till the meeting then make a decision. If this is done and they miss-out of the 75% +1, there will be a likely would of increasing the offer price. Read through the offer document and you will note several clauses hinting to increase of offer price. I just hope sharesholders will behave like Knut Sossion I am not signing and i have two accounts!!!! If we hold them back from getting 75%+1 they will increase the offer price. Personally I received the offer documents jana, the figures look very impressive on that paper (above 600k profit) but I still won't sign not now, I will wait for the info on 75%
|
|
|
Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
|
With the kinds of results we are going to witness in August and expected growth in the economy, more so in telecomunnications sector, 14 bob is a raw deal and i am not accepting mpaka supreme court. Thieves
|
|
|
Rank: Elder Joined: 9/12/2006 Posts: 1,554
|
King G wrote:With the kinds of results we are going to witness in August and expected growth in the economy, more so in telecomunnications sector, 14 bob is a raw deal and i am not accepting mpaka supreme court. That's the spirit, now if we can get upto 26% of us not accepting, then fortunes will turn, and while at it we should mobilize to vote against delisting...
|
|
|
Wazua
»
Investor
»
Stocks
»
AccessKenya takeover offer at 14/=
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|