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DTB Rights Issue
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mwekez@ji
#1 Posted : Monday, February 03, 2014 10:55:03 AM
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Joined: 5/31/2011
Posts: 5,121
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muganda
#2 Posted : Monday, February 03, 2014 11:55:27 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Impressive the purpose and determination in the announcement, but then the market is falling.

Increase of authorized share capital by 20% to 1.2bn
Rights issue of 22mn shares at ____ to raise ... (my guess about 150/= to raise say 3.3bn)
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hisah
#3 Posted : Monday, February 03, 2014 12:09:32 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
The question is will PPT come out strongly if the index sinks to 4600 level? A number of IPOs were planned for float this year. IPOs as well as rights issues with a sinking markets don't mix. Remember britank and TCL back in 2011... KQ in 2012...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#4 Posted : Monday, February 03, 2014 12:15:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
Very small Rights Issue...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#5 Posted : Monday, February 03, 2014 1:45:20 PM
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Joined: 4/30/2010
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Mastermind
#6 Posted : Monday, February 03, 2014 7:19:51 PM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
@The deal was spot on.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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mwekez@ji
#7 Posted : Wednesday, February 05, 2014 9:16:06 AM
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Joined: 5/31/2011
Posts: 5,121
Clearly, this rights issue is set for oversubscription >>> http://www.businessdailyafrica..../-/1073pphz/-/index.html
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snipermnoma
#8 Posted : Wednesday, February 05, 2014 4:19:37 PM
Rank: Member

Joined: 1/3/2014
Posts: 257
Market may be in a lull the last few weeks but this is a small rights issue which will be fully subscribed.
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kyt
#9 Posted : Friday, April 25, 2014 5:47:30 PM
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Joined: 11/7/2007
Posts: 2,182
was this rights issue ever announced?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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jerry
#10 Posted : Friday, April 25, 2014 9:47:12 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
kyt wrote:
was this rights issue ever announced?

Muthaura still the CMA boss?
The opposite of courage is not cowardice, it's conformity.
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