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uchumi rights issue
Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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An abuse of a rights issue where a share is more expensive in the rights than the open market,and an advisor sitting somewhere has done his advice work waiting for a fat cheque.....the fair price for the rights was 6 bob "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Sad how Ciano sat on this rights issue with empty promises yet last year the market was willing to pay 15 for the rights. He wasted time cross-listing instead of focusing on getting the money. Who knows if it goes lower it might become a takeover canditate
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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mkonomtupu wrote:Sad how Ciano sat on this rights issue with empty promises yet last year the market was willing to pay 15 for the rights. He wasted time cross-listing instead of focusing on getting the money. Who knows if it goes lower it might become a takeover canditate The rights should have come at 7/= and that's where I see the share by Christmas if not earlier. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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I remember the last rights issue was at 5bob. Has the business improved from then or slumped? African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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At Fridays closing price of Ksh. 9.40, that's a KSh. 0.40 (Forty Cents) discount for the rights. Laughable. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Mr.monkey touched 8.70 today "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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mlennyma wrote:Mr.monkey touched 8.70 today It should touch 5.00 ndio tuone maneno yake. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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8.50 I will know investors are blind if pple buy this one. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/22/2009 Posts: 7,838
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mlennyma wrote:Mr.monkey touched 8.70 today No MBA Student can claim he has no topic to research. Of late the NSE has produced numerous potential case studies!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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uchumi rights issue
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