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Takeover Targets in 2014
VituVingiSana
#1 Posted : Thursday, November 14, 2013 12:20:04 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Well, we know the following:

Access - Bought out by Dimension Data for 14/- when the going price was 9.50 though folks knew coz it jumped from 7 to 9-ish very fast and just before the Takeover was announced.

CMC - Not a great deal for current shareholders at 13/- unless there is a hefty dividend being paid as well. It was suspended at 13/- so there is an Opportunity Cost but at least the cash will be paid out. Better late than never.

Rea Vipingo - A cash offer by the 'parent' at 40/- for a share trading at 27/- but it seems the news had been leaked as the trades just before the announcement were significant for this thinly traded share.

So who is next?

KenolKobil - Spurned by Puma/Trafigura. Rumors had the buyout price pegged at 21 but it was not to be. Add the HUGE hedge (Forex & Oil prices) losses. Then fights with KPC & KPRL. The CEO, Jacob Segman, was booted out. And the firm started consolidating its operations, put assets/properties on sale, etc. The management has indicated it wants to clean up the books, settle disputes where possible and then look for a Strategic Investor. Of course, this may also mean a buy-out.

Total - Well, Total Outre-Mer already owns 90% of the firm via a combination of Common & Ordinary shares. Just buy out the 10% & be done!

Pan-Africa Insurance - Sanlam wants to increase its stake to 60% (or more). I wonder if they will just make a bid for the entire firm at some point after they convince the larger minority shareholders? Or just go private with the larger minority shareholders and de-list?

Your thoughts?

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
innovator
#2 Posted : Thursday, November 14, 2013 12:42:32 PM
Rank: Member

Joined: 7/24/2010
Posts: 239
Location: nairobi
Paka
guru267
#3 Posted : Thursday, November 14, 2013 12:46:44 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
small cap market leaders!
Mark 12:29
Deuteronomy 4:16
mlennyma
#4 Posted : Thursday, November 14, 2013 1:28:40 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Hfck...equity to buy it. Or am i a dreamer?
"Don't let the fear of losing be greater than the excitement of winning."
Aguytrying
#5 Posted : Thursday, November 14, 2013 1:39:17 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I dont think ppl should sell their shares in good companies. These takeovers will continue to happen esp with the oil boom in the horizon.

For me.
Kenol kobil,
PAn africa,
Unga- has had a price rally hard to explain
Crown berger- looks like a target
maybe I and M.
the usual suspects.
KK was unlucky not to be taken over, seeing as access- done deal and , CMC and REA seem like going through
The investor's chief problem - and even his worst enemy - is likely to be himself
mlennyma
#6 Posted : Thursday, November 14, 2013 1:42:55 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Kenols network in kenya is a must sell for any interested buyer.
"Don't let the fear of losing be greater than the excitement of winning."
BGL
#7 Posted : Thursday, November 14, 2013 4:37:56 PM
Rank: Veteran

Joined: 10/11/2009
Posts: 1,223
The usual suspects/targets are in the Agricultural sector and are majority owned by families from UK and elsewhere.
#WTK #Kakuzi and #EAGADS
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
the deal
#8 Posted : Thursday, November 14, 2013 4:42:01 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Total, Kenol, Carbacid, HF, NIC Bank, NBK and Cables.
Horton
#9 Posted : Thursday, November 14, 2013 5:30:32 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
the deal wrote:
Total, Kenol, Carbacid, HF, NIC Bank, NBK and Cables.



Carbacid??? Total??? NIC really???!?!? Erm seems like a long shot
the deal
#10 Posted : Thursday, November 14, 2013 6:11:20 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Horton wrote:
the deal wrote:
Total, Kenol, Carbacid, HF, NIC Bank, NBK and Cables.



Carbacid??? Total??? NIC really???!?!? Erm seems like a long shot


Carbacid almost merged with BOC a few years ago.

NIC...look at the top shareholders...they can easily sell at a good price...the likes of First Rand...Nedbank & some Nigerian banks have been shopping around...

I would add Liberty Kenya to this list...not a takeover but Liberty SA is most likely to increase ownership in the company in the so near future...Liberty SA has already indicated to that effect...


The banking & insurance sectors are ripe for consolidation & takeovers going forward.
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