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Access Kenya PAT rises 61.8% in H1 2013
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mlennyma
#21 Posted : Friday, August 23, 2013 1:14:14 PM
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http://www.biztechafrica...r/6718/?section=business
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#22 Posted : Friday, August 23, 2013 1:16:30 PM
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Its done.
"Don't let the fear of losing be greater than the excitement of winning."
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Chaka
#23 Posted : Friday, August 23, 2013 3:43:18 PM
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Joined: 2/16/2007
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mlennyma wrote:
http://www.biztechafrica.com/article/accesskenya-takeover-official-6-september/6718/?section=business


My understanding is that the offer was closed on 15th Aug.After reading this story ,looks like the offer is still open.Why?Looks like these guys are determined to get the 90 per cent treshhold by whichever means necessary so as to compulsorily buy out the guys who did not accept the offer..
Th resolution(99.92%)passed at the EGM is not the same thing as acceptance of the offer which stood at 89% at the time of closure.
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mlennyma
#24 Posted : Friday, August 23, 2013 4:19:22 PM
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Do you think in your own common sense the willing parties can fail to cook the remaining 1% if it is 89%?by just including those who ignored and never sent proxies?
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#25 Posted : Friday, August 23, 2013 4:38:12 PM
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AccessKenya also held an
Extraordinary General Meeting on
Tuesday to ask shareholders to
vote on delisting AccessKenya
from the NSE. The results
released by AccessKenya indicate
that holders of over 190,712,982
shares (99.92%) voted in favour
of the resolution, with 161,075
against
"Don't let the fear of losing be greater than the excitement of winning."
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Chaka
#26 Posted : Friday, August 23, 2013 4:59:27 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
mlennyma wrote:
AccessKenya also held an
Extraordinary General Meeting on
Tuesday to ask shareholders to
vote on delisting AccessKenya
from the NSE. The results
released by AccessKenya indicate
that holders of over 190,712,982
shares (99.92%) voted in favour
of the resolution, with 161,075
against


This percentage is for the members who were present at the EGM :
If the total shareholding is taken into account,the
percentage becomes 87.5
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mlennyma
#27 Posted : Friday, August 23, 2013 5:08:22 PM
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You must know that anybody who didnt show up is deemed to have accepted so its a done deal.
"Don't let the fear of losing be greater than the excitement of winning."
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gatoho
#28 Posted : Saturday, August 24, 2013 6:18:00 AM
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mlennyma wrote:
You must know that anybody who didnt show up is deemed to have accepted so its a done deal.



But i filled my paperwork saying no??
Foresight..
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mlennyma
#29 Posted : Saturday, August 24, 2013 11:58:50 AM
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Take this to the bank,ak will never trade again in the nse,since they got the 75 plus 1% needed to de-list.the 90% is just made for compulsory aquisition of all shares of ak and its only dimension who can buy.you must note that shares appreciate because they trade,so its a disaster if you dont sell.
"Don't let the fear of losing be greater than the excitement of winning."
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gatoho
#30 Posted : Sunday, August 25, 2013 5:00:38 AM
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mlennyma wrote:
Take this to the bank,ak will never trade again in the nse,since they got the 75 plus 1% needed to de-list.the 90% is just made for compulsory aquisition of all shares of ak and its only dimension who can buy.you must note that shares appreciate because they trade,so its a disaster if you dont sell.


I got in Access to stay in not to trade, so percieved value was not my aim. DD do not plan to trade, ditto yours truly. so will gladly take those divindeds and then bequeth(sp) my tiny holdings.
Foresight..
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Aguytrying
#31 Posted : Sunday, August 25, 2013 6:53:37 AM
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gatoho wrote:
mlennyma wrote:
Take this to the bank,ak will never trade again in the nse,since they got the 75 plus 1% needed to de-list.the 90% is just made for compulsory aquisition of all shares of ak and its only dimension who can buy.you must note that shares appreciate because they trade,so its a disaster if you dont sell.


I got in Access to stay in not to trade, so percieved value was not my aim. DD do not plan to trade, ditto yours truly. so will gladly take those divindeds and then bequeth(sp) my tiny holdings.


after a few years please let us know your experience
The investor's chief problem - and even his worst enemy - is likely to be himself
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Realtreaty
#32 Posted : Sunday, August 25, 2013 5:15:04 PM
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Let them return our money and credit it into our bank accounts or whichever way in full of the offer price.
What will happen to those who did not fill the forms and is there link to contct them online for a yes or no and what information is required on the link?
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VituVingiSana
#33 Posted : Monday, August 26, 2013 9:56:09 AM
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Joined: 1/3/2007
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Location: Nairobi
12 more days for that chq Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mukiha
#34 Posted : Monday, August 26, 2013 10:38:49 AM
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Posts: 4,114
Realtreaty wrote:
Let them return our money and credit it into our bank accounts or whichever way in full of the offer price.
What will happen to those who did not fill the forms and is there link to contct them online for a yes or no and what information is required on the link?


buying shares is making an investment, it is NOT like depositing money in the bank! You should NOT expect to get back the same amount you put in - it can be lower or higher. In this case it is lower!

Would you be making the same demand if the offer price from DD was sh140?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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dunkang
#35 Posted : Monday, August 26, 2013 2:16:45 PM
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Anyone who thought he/she is going to be minority shareholder in DD should just forget it. This guys will try all ways to force you out!
Receive with simplicity everything that happens to you.” ― Rashi

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King G
#36 Posted : Monday, August 26, 2013 2:27:30 PM
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dunkang wrote:


Anyone who thought he/she is going to be minority shareholder in DD should just forget it. This guys will try all ways to force you out!



I gave in after they got the over 75% required!!! Waiting for my cheque to put elsewhere!
Thieves
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