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Scangroup issuing 94M new shares to Cavendish
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mwekez@ji
#1 Posted : Monday, August 12, 2013 7:38:18 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
72,720,076 shares to be issued in a share swap arrangement

21,355,858 shares to be issued at a subscription price of KES 85.85 each based on 3 months VWAP + 30% premium

Cavendish to effectively dilute shareholders by increasing own shareholding from 33.62% to 50.10%.

http://www.scangroup.biz/pdf/Sc...tionary_Announcement.pdf
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Cde Monomotapa
#2 Posted : Monday, August 12, 2013 7:39:23 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
smile KES. 1.8B cash should go a long way for the Co. Acquisitions, working capital, treasuries e.t.c Nice.
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  | | Edit by user: Monday, August 12, 2013 7:55 PM | Reason: Not specified
mwekez@ji
#3 Posted : Monday, August 12, 2013 7:59:02 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121


... cc@hisah our TA guru
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symbols
#4 Posted : Monday, August 12, 2013 8:07:54 PM
Rank: Elder

Joined: 3/19/2013
Posts: 2,552
Cde Monomotapa wrote:
smile KES. 1.8B cash should go a long way for the Co. Acquisitions, working capital, treasuries e.t.c Nice.


This is how I see Scangroup.Africa is perceived to be the next growth frontier and corporations will try their luck here,meaning more competition.Even within Africa corporations are venturing outside their nations.Established PR and advertising agencies are bound to benefit from that windfall and Scangroup is already spreading its influence across the major regions.It might not succeed in its strategy but then...
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dunkang
#5 Posted : Monday, August 12, 2013 8:25:31 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
mwekez@ji wrote:
72,720,076 shares to be issued in a share swap arrangement

21,355,858 shares to be issued at a subscription price of KES 85.85 each based on 3 months VWAP + 30% premium

Cavendish to effectively dilute shareholders by increasing own shareholding from 33.62% to 50.10%.

http://www.scangroup.biz/pdf/Sc...tionary_Announcement.pdf

If Cavendish (an insider and better informed than me) is willing to pay 30p.c premium for a stock i think is already expensive, then good things are on the way for this firm. But i will still continue staying away from it!
Receive with simplicity everything that happens to you.” ― Rashi

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Cde Monomotapa
#6 Posted : Monday, August 12, 2013 8:34:17 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
symbols wrote:
Cde Monomotapa wrote:
smile KES. 1.8B cash should go a long way for the Co. Acquisitions, working capital, treasuries e.t.c Nice.


This is how I see Scangroup.Africa is perceived to be the next growth frontier and corporations will try their luck here,meaning more competition.Even within Africa corporations are venturing outside their nations.Established PR and advertising agencies are bound to benefit from that windfall and Scangroup is already spreading its influence across the major regions.It might not succeed in its strategy but then...

The global value proposition into Africa is right here, take it or leave it: http://www.wpp.com/wpp/
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  | | Edit by user: Monday, August 12, 2013 8:35 PM | Reason: Not specified
Cde Monomotapa
#7 Posted : Monday, August 12, 2013 8:53:52 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
NB: WPP grew to what it is via acquisitions. That's custom practise in this space.
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guru267
#8 Posted : Tuesday, August 13, 2013 1:40:40 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
So tomorrow we open above 80bob??
Mark 12:29
Deuteronomy 4:16
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King G
#9 Posted : Tuesday, August 13, 2013 8:17:44 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
And to think that i bought AccessKenya @24 bob when Scan was at the same price. Damn!!!!! Miasha Ngumu....
Thieves
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VituVingiSana
#10 Posted : Tuesday, August 13, 2013 10:01:53 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
Whoa! Now this is how deals are done. Compare the dilution & destruction of value by the non-shareholder directors of KQ vs the folks at Scangroup [Bharat Thakrar the CEO is a major shareholder] and ARM.
Both ARM & Scangroup have raised funds for expansion/growth WITHOUT diluting existing shareholders.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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