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AccessKenya takeover offer at 14/=
Rank: Elder Joined: 9/12/2006 Posts: 1,554
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mlennyma wrote:Iam in the profit territory on ak and i have signed to accept. I am also in the profit territory, my profit figure is above 600k but I won't sign not now maybe at the very end or they use 210 to remove me.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Jamani wrote:I have made a choice as I did with KK now I wait for the consequences.  Sometimes, take what you can see. One bird in hand... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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VituVingiSana wrote:Jamani wrote:I have made a choice as I did with KK now I wait for the consequences. Sometimes, take what you can see. One bird in hand... Thanks for the advise, though I feel this is not that time.
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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I think with good activism we can get a better offer we just need 26% of the Investors to frustrate this deal....at least we get 16 or 20 bob per share. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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They have poured big money to the media to marshal support and success. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 2/3/2012 Posts: 1,317
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I think its now hitting most people that 42% is not quite as good as they want us to believe.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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If they dont get the threshhold required,will those who have filled be paid 14bob? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 6/10/2013 Posts: 52
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mlennyma wrote:If they dont get the threshhold required,will those who have filled be paid 14bob? No, as the conditions of the offer will not have been fulfilled. Yes, the press notices to shareholders almost seem to indicate desperation to gain the required number of shares. It seems this is not happening.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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How to say no with both Feet from Diaspora.. Asking for a friend :) Foresight..
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Rank: Elder Joined: 6/8/2013 Posts: 2,517
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mlennyma wrote:But remember the true value of ak as at now is less than 3b I most respectful beg to differ there is a lot of manipulation in some of these stock prices how does one explain KQ 120 high to lows of 9  or Safaricom 7 to 2.9 back to seven. There is need for a thread to discuss valuations capitalization share price and true value of some of these companies please dont bring in Modgliani and Miller i will doze just explain in Wanjiku English "😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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If they dont get the 75% threshold, will the trading suspension be lifted? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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If were a shareholder, i would just take the money. If you refuse, and share resumes trading, it will MOST PROBABLY return to 6-8 ranges that it has been. Its just prudent that you take the money now and do something else with it! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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dunkang wrote:If were a shareholder, i would just take the money. If you refuse, and share resumes trading, it will MOST PROBABLY return to 6-8 ranges that it has been. Its just prudent that you take the money now and do something else with it! Where is prudence in buying a share at 35 and selling at 14? I would say its only prudent to deny DD 75% and vote no to delisting. Let them buy the 74% have it listed on the NSE and market forces will push the price to its true value. Where one can make a prudent decision and not a board room directed decision or prudence
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Siringi wrote:mlennyma wrote:But remember the true value of ak as at now is less than 3b I most respectful beg to differ there is a lot of manipulation in some of these stock prices how does one explain KQ 120 high to lows of 9 or Safaricom 7 to 2.9 back to seven. There is need for a thread to discuss valuations capitalization share price and true value of some of these companies please dont bring in Modgliani and Miller i will doze just explain in Wanjiku English Question we should be asking ourselves what made AK drop from 35 to somewhere around 4.40? Remember some analogue directors making noise about fibre, (alledging somens eat something), meetings on emails etc then market reacted due to noise, resignations, decline in profits and no dividends, then somens started buying back at 4 and telling all that the company is undervalued and they will sell at the right price. If one looks closely at what was aledged that the somens ate then compared the value or slice of the pudding in relation to the company value you would realize that the company was seriously undervalued no wonder DD what's it all at a throw away price of 14 and read closely you will note they are ready to increase if they don't get 75%... That in itself should tell its undervalued and DD being prudent by pushing their luck to test the fear and greed of AK shareholders.
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Rank: Member Joined: 2/20/2007 Posts: 767
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I bought access Kenya at 3.50 sh and acquired only 5000 shares. If I accept the offer, I will gain shs 70,000 which is money I have no use for at the moment. If I decline the offer, I may end up with shares worth shs 3.50 (17,500shs - which is my investment, assuming the shares start trading and the price falls - this is worst case scenario). On the other hand, I may end up as a minority shareholder in a private company if the 75% threshold is breached. Seeing that I bought this share with a 10yr holding period in mind, my greatest question is will being a minority shareholder in DDMEA over a 10yr period yield more in dividends and value appreciation than getting my 70,000shs now and investing in another counter for 10yrs (which counter would this be?) Secondly, there is always the chance that they will come back say 1 year down the line with an enhanced offer to the remaining minority shareholders, once they get rid of the crowd ( how likely is this?) They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Very likely bwana tom_boy. Its also likely that if it goes back to the NSE the price will only raise. DD wants 100% and they have mentioned they might increase the offer price to achieve their desire.. We are not told of any due diligence they did, what we read is an expression of interest was made and kestrel did the valuation and someone wants 100%, majority shareholders are happy and whipping all to agree to their happiness and sell.
It begs the question what really is behind the scenes?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Too much media shouting about this DD offer - http://www.businessdaily...8/-/gkpi6v/-/index.html Being away from KE the broker has sent emails why I should take the 'good' deal on my meagre holdings bought at 4.40. Since these are meagre holdings I don't mind getting delisted. I think this is the dilemma the buyer is facing with all the shouting to take their offer. I'm not in the camp of not selling, I'm in the camp of not interested. I'm sure they never thought about that camp... And this rally call by media and brokers just makes it stink... NTT Docomo is no small player. DDMEA is just a front. If they're desperate for this 'princess' they'll shell out more. KE has Konza city coming up, that's the eye on the price. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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From the BD article above ^^^ Quote:AccessKenya’s minority shareholders have up to the middle of next month to take advantage of the offer made by Dimension Data, which is seeking to buy out the Nairobi Securities Exchange-listed IT company.
Dimension Data is buying AccessKenya at Sh14 per share, a 42 per cent premium on the last trading price of Sh9.85 on May 7, before it was suspended from trading. Ni kina nani wanakaa ngumu? @hisah is one,@tomboy... am a willing buyer at 15/- Anywilling seller let me know "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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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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My 'confidence' in a Takeover declined after KK-Puma ... thus I will take the cash! If it goes through. That said, I am OK with an offer from someone else at a higher price! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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AccessKenya takeover offer at 14/=
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