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NIC Bank - Another profitable Rights coming up!
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Sober
#81 Posted : Friday, October 31, 2014 3:18:29 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
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 doubt if the volume of the rights being traded is much.
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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mwekez@ji
#82 Posted : Friday, October 31, 2014 4:24:29 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Sober wrote:
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 doubt if the volume of the rights being traded is much.


64,600 rights traded today. Not bad
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jerry
#83 Posted : Friday, October 31, 2014 4:25:31 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Sober wrote:
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 doubt if the volume of the rights being traded is much.

Suppose it was 100 shares worth 100*(62-65), what would be the point?
The opposite of courage is not cowardice, it's conformity.
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MaichBlack
#84 Posted : Tuesday, November 11, 2014 11:32:21 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,854
Has the trading of rights in the NSE closed? Haven't seen any trades yesterday and today!
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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Angelica _ann
#85 Posted : Tuesday, November 11, 2014 11:36:24 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
MaichBlack wrote:
Has the trading of rights in the NSE closed? Haven't seen any trades yesterday and today!

According to IM, the last date for trading of rights is (was) Friday, November 7th, 2014.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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MaichBlack
#86 Posted : Tuesday, November 11, 2014 2:33:50 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,854
Angelica _ann wrote:
MaichBlack wrote:
Has the trading of rights in the NSE closed? Haven't seen any trades yesterday and today!

According to IM, the last date for trading of rights is (was) Friday, November 7th, 2014.

I missed the bus! Friday they went up to 11/= I thought that was a good deal (49.5 + 11 = 60.5/=). Had made up my mind to buy on Monday.

The share price is at 63/= - 64/=. Any comments from the driver, conductor and passengers of this bus??? Buy, Sell, Hold.

I have none so the last two don't apply to me!

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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mkonomtupu
#87 Posted : Tuesday, November 11, 2014 3:32:33 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
MaichBlack wrote:
Angelica _ann wrote:
MaichBlack wrote:
Has the trading of rights in the NSE closed? Haven't seen any trades yesterday and today!

According to IM, the last date for trading of rights is (was) Friday, November 7th, 2014.

I missed the bus! Friday they went up to 11/= I thought that was a good deal (49.5 + 11 = 60.5/=). Had made up my mind to buy on Monday.

The share price is at 63/= - 64/=. Any comments from the driver, conductor and passengers of this bus??? Buy, Sell, Hold.

I have none so the last two don't apply to me!



Buy after the listing of the new shares on 17th December if the market posts lower maybe 55/-
The issue was too small plus I had an issue with them doing bonds at 13% when the KBBR may mess them up depending on interest rates perform next year. I prefer the HFCK model on doing more rights.
Lastly if the market sneezes this one catches a cold very fast so prepare for the long haul
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254.co.ke
#88 Posted : Tuesday, November 11, 2014 4:37:42 PM
Rank: Member

Joined: 11/17/2006
Posts: 143
Angelica _ann wrote:
MaichBlack wrote:
Has the trading of rights in the NSE closed? Haven't seen any trades yesterday and today!

According to IM, the last date for trading of rights is (was) Friday, November 7th, 2014.
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mwekez@ji
#89 Posted : Saturday, December 13, 2014 11:14:42 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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mwekez@ji
#90 Posted : Tuesday, December 23, 2014 1:29:32 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Hawa wanataka kukaa na refunds zetu mpaka lini???
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