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uchumi rights issue
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mwekez@ji
#21 Posted : Wednesday, July 30, 2014 7:51:30 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mwekez@ji wrote:
Treasury pledge to take up Uchumi shares unlocks issue

“We are now ready to proceed with the rights issue whose timetable should be out in a week or two,” Mr Ciano told the Business Daily.

http://www.businessdailyafrica....8/-/akl7ubz/-/index.html

Coming at a time when bear has camped at counter. They lost a good opportunity when it was at c20/-



Not interesting news ---> Kenya Wine sells Sh126m Uchumi Supermarket stake in latest exit deal http://www.businessdailyafrica....4/-/11gbe6b/-/index.html
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icecube
#22 Posted : Wednesday, July 30, 2014 10:35:34 AM
Rank: Member

Joined: 1/2/2008
Posts: 268
Location: Nairobi

Did book ever close for this rights issue?
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Othelo
#23 Posted : Wednesday, July 30, 2014 10:44:30 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
icecube wrote:

Did book ever close for this rights issue?

Rights issue time-table yet to be realised. Therefore books closure date not yet announced!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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icecube
#24 Posted : Wednesday, July 30, 2014 11:16:27 AM
Rank: Member

Joined: 1/2/2008
Posts: 268
Location: Nairobi
Othelo wrote:
icecube wrote:

Did book ever close for this rights issue?

Rights issue time-table yet to be realised. Therefore books closure date not yet announced!


Thanks for the info
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INTERESTING!
#25 Posted : Thursday, October 02, 2014 6:26:28 PM
Rank: New-farer

Joined: 4/12/2014
Posts: 56
Buffett admits Tesco investment ‘a huge mistake’

http://www.ft.com/intl/c...tion=intl#axzz3F06FoNha

Even Warren Buffett makes mistakes, like I made with Uchumi...one of the worst counters this year
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KNM
#26 Posted : Thursday, October 02, 2014 8:15:20 PM
Rank: Member

Joined: 10/28/2008
Posts: 41
This counter is still stinking up my portfolio. Now this...
The crowd will cheer your coronation as well as your beheading. People like a show, that's all.
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littledove
#27 Posted : Tuesday, October 14, 2014 2:00:58 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
http://www.businessdailyafrica.com/Corporate-News/Uchumi-prices-rights-issue-at-Sh9-per-share/-/539550/2485734/-/117cleh/-/index.html

will this right be successful realy? right price at 9 and market price just some cents above 9 and heading below 9. another kq in making
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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hisah
#28 Posted : Tuesday, October 14, 2014 2:06:27 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
littledove wrote:
http://www.businessdailyafrica.com/Corporate-News/Uchumi-prices-rights-issue-at-Sh9-per-share/-/539550/2485734/-/117cleh/-/index.html

will this right be successful realy? right price at 9 and market price just some cents above 9 and heading below 9. another kq in making

Will definitely be the first rights issue to be undersubscribed in 2014...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma
#29 Posted : Tuesday, October 14, 2014 2:16:32 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
They are raising about 680m so I think it may suceed for fear of dilution if one avoids it but on the other side mr.market may decide to offer a better rights later
"Don't let the fear of losing be greater than the excitement of winning."
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mlennyma
#30 Posted : Tuesday, October 14, 2014 2:25:33 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Wa wa wa!!!!!I had not looked at the market price,at 9.90 surely another robbery is about to happen,don't touch ran and wait for mr market to give you at a good discount kitu 6-7bob
"Don't let the fear of losing be greater than the excitement of winning."
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