From 9.8 to 10.7..
However it has started correcting!

All the same,I am boarding this counter any time soon..I hear they have something cooking before the first quarter.Definitely,its a buy for me,before the price skyrockets,hence my surprise at the sudden rise.

@guru267
The ksh.50billion will be raised easily since gava will defend it's share.
Gava raises ksh.35bn by converting the ksh.28bn they have loaned kengen and then raise the ksh.7bn in cash.
Other investors will be expected to raise ksh.15bn which will not be a tall order.
Most likely they will issue 5bn additional shares at ksh.10 to raise the amount

@mkonomtupu
At the AGM they authorized an issue of an additional 7.8billion shares to bring the total number to 10 billion authorized shares

(ii) Capital Restructuring To consider and if thought fit, to pass the following resolution as an Ordinary Resolution:
“THAT subject to the passing of resolution (9)(i) above the Directors are hereby authorized to determine, pursue and implement a recapitalisation measure as a basis of providing the Company with the required capital and that should the needs of the Company require, issue upto two billion, two hundred and fifteen million, nine hundred and twenty-seven thousand, five hundred and twenty-eight (2,215,927,528) ordinary shares, of Kenya two Shillings fifty cents only (2.50) each in the capital of the Company, subject to any required regulatory and other approvals. At a price to be determined by the Directors to and amongst the holders of the issued ordinary shares of Kenya two Shillings fifty cents only (2.50) each in the capital of the Company registered at the close of business on such date and at such price as shall be determined by the Directors and notified to the members through the press or otherwise in proportion to the members’ respective holdings in the issued share capital of the Company subject to the Articles of Association of the Company, and to do all such things as may be necessary to give effect to this resolution.

Is there a possibility of some trader 'stealing' the rights the way they did to UCHUMI, i.e pump all the bad news after rights price is announced and then buy all his stake at price below rights ?

@Murchr, as requested, herebelow find the Kengen monthly chart(MTF).
Interesting vol action so far this month at 6.79 month to date which equals the monthly average volume and a chance to hit the November high of 11.30 now that H1 results are around the corner.
Trading below SMA(20) 12.20.RSI at 45. Should it hit 50, then probably we can talk of a confirmation of the bull though the rights stand in the way of a serious bull.