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NIC Bank - Another profitable Rights coming up!
Pesa Nane
#61 Posted : Thursday, September 25, 2014 3:05:38 PM
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Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#62 Posted : Thursday, September 25, 2014 3:07:18 PM
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Joined: 5/25/2012
Posts: 4,105
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Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#63 Posted : Thursday, September 25, 2014 3:08:59 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#64 Posted : Thursday, September 25, 2014 3:10:39 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
kasibitta
#65 Posted : Thursday, September 25, 2014 3:33:57 PM
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Joined: 2/7/2014
Posts: 155
Thankyou pesa nane for that info.
theking
#66 Posted : Friday, September 26, 2014 10:33:44 AM
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Joined: 1/25/2010
Posts: 344
little reaction to the rights issue announcement. will it pull a DTB rights issue rally?
VituVingiSana
#67 Posted : Sunday, September 28, 2014 11:20:58 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
theking wrote:
little reaction to the rights issue announcement. will it pull a DTB rights issue rally?
It has already jumped from 40s to 70s.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mkonomtupu
#68 Posted : Monday, September 29, 2014 1:24:22 PM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
I will sit this one out. That right issue is too small (1:14)
streetwise
#69 Posted : Monday, September 29, 2014 2:34:15 PM
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Joined: 6/23/2011
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Location: Nairobi
Any one who can explain why NIC declares such small rights..it it depended on how mcuh one wants to raise of the capital base. I mean i thought rasing much more money makes sense than the small incremental amounts and then tomorrow another rights issue.

Please help to understand what the equation is here.
mwekez@ji
#70 Posted : Thursday, October 02, 2014 9:16:17 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
streetwise wrote:
Any one who can explain why NIC declares such small rights..it it depended on how mcuh one wants to raise of the capital base. I mean i thought rasing much more money makes sense than the small incremental amounts and then tomorrow another rights issue.

Please help to understand what the equation is here.


Read post #18 @Gordon Gekko @VituVingiSana have addressed this query very well.
mwekez@ji
#71 Posted : Thursday, October 02, 2014 9:32:17 AM
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Joined: 5/31/2011
Posts: 5,121
@Sparkly et al, what was the percentage of allocation to additional shares applicants in the past rights issue?
VituVingiSana
#72 Posted : Thursday, October 02, 2014 12:32:24 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
mwekez@ji wrote:
@Sparkly et al, what was the percentage of allocation to additional shares applicants in the past rights issue?

First the Ndegwas get their fill.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
TheGeek
#73 Posted : Thursday, October 30, 2014 11:32:35 AM
Rank: Member


Joined: 7/3/2014
Posts: 245

NIC-RIGHTS trading @ a premium of 18 = 49+18=67

Current market price of NIC = 63.

Help me understand why i would buy the rights while i can purchase the common stock and still get allocation of some cheap rights.
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
mwekez@ji
#74 Posted : Thursday, October 30, 2014 11:56:38 AM
Rank: Chief


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

NIC-RIGHTS trading @ a premium of 18 = 49+18=67

Current market price of NIC = 63.

Help me understand why i would buy the rights while i can purchase the common stock and still get allocation of some cheap rights.

The window to do the highlighted closed on 2nd October, 2014
mwekez@ji
#75 Posted : Thursday, October 30, 2014 11:59:13 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
mwekez@ji wrote:
@Sparkly et al, what was the percentage of allocation to additional shares applicants in the past rights issue?

First the Ndegwas get their fill.

:( The current IM also seems to say this will happen again
Angelica _ann
#76 Posted : Friday, October 31, 2014 10:54:37 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
What is the logic of buying rights in the open market at 15-20bob above the rights priced at 49.25bob, while market price of share is at 62-65bob......
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
streetwise
#77 Posted : Friday, October 31, 2014 11:20:11 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
I wont say the word..
mwekez@ji
#78 Posted : Friday, October 31, 2014 1:39:57 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
streetwise wrote:
I wont say the word..

This is not the spirit of wazua
mwekez@ji
#79 Posted : Friday, October 31, 2014 1:42:18 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Angelica _ann wrote:
What is the logic of buying rights in the open market at 15-20bob above the rights priced at 49.25bob, while market price of share is at 62-65bob......

I think chaps are buying a few of these rights from market as a ticket to apply for a bucketload of additional rights
Aguytrying
#80 Posted : Friday, October 31, 2014 2:50:30 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
round 2 of making cash off the NIC rights issue. buy now at 62-64. sell when rights are announced successful or at 80.00 whichever comes fast.

your welcome!
The investor's chief problem - and even his worst enemy - is likely to be himself
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