Farmers own very few shares. They sold them over 10 years ago to village brokers at 2 bob who would in turn sell them at the NSE.Where did you get information on the rights pricing?

Estate; if they released 3 shares and want to raise 4b shillings then 4 devide by 3.

procrastinating

If they offer at Ksh 1.5, they can only raise half the money required. They are creating 1.5 m new shares 100% more than current. This means they will propose the rights at 1:1. assume the shares are sold at Ksh 2, they are likely to raise Ksh 3b inclusive of costs. My take is, this is unlikely to succeed in meeting the objective.

Pushing this share to above ks. 2.50 is unattainable at this point in time.

I will watch this from very far.if good counters are coughing how will a salvage fair?

The total debt here is enough to set another debt free miller.

How are the other sugar millers doing? is there really potential for turnaround?

the other millers are struggling with billions of debt with some as high as over 30billion