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)