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NIC Bank - Another profitable Rights coming up!
Rank: Elder Joined: 11/27/2007 Posts: 3,604
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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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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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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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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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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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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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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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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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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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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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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Rank: Member Joined: 11/17/2006 Posts: 143
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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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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Hawa wanataka kukaa na refunds zetu mpaka lini???
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Rank: Member Joined: 11/17/2006 Posts: 143
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Total joke these people are.Checked yesterday with my broker and the refund checks are yet to be released.
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Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
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mwekez@ji wrote:Hawa wanataka kukaa na refunds zetu mpaka lini??? Refund cheques already out...got mine delivered as early as last Saturday (20th)...EFTs being processed as well... Got disappointed with the allotment though...anyway HFCK, here comes... I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Mart_Consult wrote:mwekez@ji wrote:Hawa wanataka kukaa na refunds zetu mpaka lini??? Refund cheques already out...got mine delivered as early as last Saturday (20th)...EFTs being processed as well... Disappointing. N'way, trust those Electronic Money Transfers will be completed this week.
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Rank: Member Joined: 7/2/2014 Posts: 123
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Mart_Consult wrote:mwekez@ji wrote:Hawa wanataka kukaa na refunds zetu mpaka lini??? Refund cheques already out...got mine delivered as early as last Saturday (20th)...EFTs being processed as well... Got disappointed with the allotment though...anyway HFCK, here comes... Since 2015 seems like the season of rights, don't kengen seem much better since getting a refund will be almost impossible with the super sized cash call ,
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@Mart_Consult, did you really get that refund on 20th Dec. Who else has received? Its now two weeks and bado.
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Rank: Member Joined: 10/26/2008 Posts: 380
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EFT refund checked in on 22nd Dec.
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Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
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mwekez@ji wrote:@Mart_Consult, did you really get that refund on 20th Dec. Who else has received? Its now two weeks and bado. Very much so @Mweke (and the cheque was dated 18/12/2014)...my broker's SIB. If having any difficulty, check with C & R (Registrar) at Bruce House come Monday (the 5th)! I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
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ike wrote:Mart_Consult wrote:mwekez@ji wrote:Hawa wanataka kukaa na refunds zetu mpaka lini??? Refund cheques already out...got mine delivered as early as last Saturday (20th)...EFTs being processed as well... Got disappointed with the allotment though...anyway HFCK, here comes... Since 2015 seems like the season of rights, don't kengen seem much better since getting a refund will be almost impossible with the super sized cash call Refund is not the issue, whether it's a value investment is. HFCK rights will cause minimum dilution unlike Kengen (planning to quadruple shares, much easier to get in at even lower price than rights issue price at the opportune moment) and price discounting will be much higher for HFCK. In addition to this, no freebies (additional share allotments) as they plan to sell any untaken rights by way of Private Equity ...you can only guess to who (their largest shareholder that's Britam!) I may be wrong, then again...     I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Mart_Consult wrote:ike wrote:Mart_Consult wrote:mwekez@ji wrote:Hawa wanataka kukaa na refunds zetu mpaka lini??? Refund cheques already out...got mine delivered as early as last Saturday (20th)...EFTs being processed as well... Got disappointed with the allotment though...anyway HFCK, here comes... Since 2015 seems like the season of rights, don't kengen seem much better since getting a refund will be almost impossible with the super sized cash call Refund is not the issue, whether it's a value investment is. HFCK rights will cause minimum dilution unlike Kengen (planning to quadruple shares, much easier to get in at even lower price than rights issue price at the opportune moment) and price discounting will be much higher for HFCK. In addition to this, no freebies (additional share allotments) as they plan to sell any untaken rights by way of Private Equity ...you can only guess to who (their largest shareholder that's Britam!) I may be wrong, then again... WTF?  that's just being shady. If they want to take over HFCK, make a bid for the firm. And since they play together, CMA will approve. Chairman of Britam? CEO of CMA? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Mart_Consult wrote:mwekez@ji wrote:@Mart_Consult, did you really get that refund on 20th Dec. Who else has received? Its now two weeks and bado. Very much so @Mweke (and the cheque was dated 18/12/2014)...my broker's SIB. If having any difficulty, check with C & R (Registrar) at Bruce House come Monday (the 5th)! Thanks @Mart_Consult. Talked with C&R Registrar today who have resolved my issue.
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