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KenGen FY15 PAT grows 307%
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Ericsson wrote:Rally has began as guys accumulate shares in preparation for the rights issue.
Gain of 13% in two trading sessions by KENGEN 30,000 shares worth 226,450/- traded as of Noon. Don't get too excited when Uchumi's turnover is 245,000/-. Billions of shares will be available. Just like KQ, I expect the Rights to trade at 5 cents towards the end. Or if the itch needs to be scratched, buy 100 and apply for Additional Shares. There will be plenty of shares left over. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/24/2010 Posts: 236 Location: nairobi
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That agm rights resolution leaves the shareholders at the mercy of the hyenas.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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innovator wrote:That agm rights resolution leaves the shareholders at the mercy of the hyenas. explain Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:Rally has began as guys accumulate shares in preparation for the rights issue.
Gain of 13% in two trading sessions by KENGEN The resistance at 7.50 will take a miracle to break. Expect to head lower towards 6.00 after this weak "rally". Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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@VituVingiSana Do you mean KENGEN rights issue will be priced at ksh.5? The rights issue will be priced at ksh.6.50. Let's now wait for approval from Capital Markets Authority within the next one month Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 7/24/2010 Posts: 236 Location: nairobi
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Clause (ii) (c) Dispose share not taken at price and terms they may consider.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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innovator wrote: Clause (ii) (c) Dispose share not taken at price and terms they may consider. Untaken rights are usually allotted to shareholder who apply for extra rights using a pre-determined allocation criteria. Do you expect a significant departure from this practice? Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Ericsson wrote:@VituVingiSana
Do you mean KENGEN rights issue will be priced at ksh.5?
The rights issue will be priced at ksh.6.50.
Let's now wait for approval from Capital Markets Authority within the next one month Rights can be traded. I was referring to the price for the Rights [which can be traded on the NSE] not the EXERCISE PRICE of the Rights. You can buy a RIGHT [essentially a Call Option] to buy a KenGen share at a pre-determined price [Exercise Price] on the NSE. When there are more Rights on offer than demand the price of the Right [Call Option] can fall to the minimum possible level which is 5 cents. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I still can't wrap my head around at doing a highly dilutive Rights Issue during a bear market, when there was a bull market for 2-3 yrs. This is KQ rights issue all over again. Same script different cast. Only thing missing from the cocktail is management issues and scandals. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Aguytrying wrote:I still can't wrap my head around at doing a highly dilutive Rights Issue during a bear market, when there was a bull market for 2-3 yrs.
This is KQ rights issue all over again. Same script different cast. Only thing missing from the cocktail is management issues and scandals. There are issues of management, corruption and scandals. It's just a matter of time. The scams have been 'hidden' from view at the moment but Baba shall uncover them. Anyway, despite the attractive PER & PB, I am staying far, far away just like that galaxy in Star Wars! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:Aguytrying wrote:I still can't wrap my head around at doing a highly dilutive Rights Issue during a bear market, when there was a bull market for 2-3 yrs.
This is KQ rights issue all over again. Same script different cast. Only thing missing from the cocktail is management issues and scandals. There are issues of management, corruption and scandals. It's just a matter of time. The scams have been 'hidden' from view at the moment but Baba shall uncover them. Anyway, despite the attractive PER & PB, I am staying far, far away just like that galaxy in Star Wars! @VVS what would you advice someone who already has shares in Kengen. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:Aguytrying wrote:I still can't wrap my head around at doing a highly dilutive Rights Issue during a bear market, when there was a bull market for 2-3 yrs.
This is KQ rights issue all over again. Same script different cast. Only thing missing from the cocktail is management issues and scandals. There are issues of management, corruption and scandals. It's just a matter of time. The scams have been 'hidden' from view at the moment but Baba shall uncover them. Anyway, despite the attractive PER & PB, I am staying far, far away just like that galaxy in Star Wars! @VVS what would you advice someone who already has shares in Kengen. Sell. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:Aguytrying wrote:I still can't wrap my head around at doing a highly dilutive Rights Issue during a bear market, when there was a bull market for 2-3 yrs.
This is KQ rights issue all over again. Same script different cast. Only thing missing from the cocktail is management issues and scandals. There are issues of management, corruption and scandals. It's just a matter of time. The scams have been 'hidden' from view at the moment but Baba shall uncover them. Anyway, despite the attractive PER & PB, I am staying far, far away just like that galaxy in Star Wars! @VVS what would you advice someone who already has shares in Kengen. Sell. Alternative option? Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:Aguytrying wrote:I still can't wrap my head around at doing a highly dilutive Rights Issue during a bear market, when there was a bull market for 2-3 yrs.
This is KQ rights issue all over again. Same script different cast. Only thing missing from the cocktail is management issues and scandals. There are issues of management, corruption and scandals. It's just a matter of time. The scams have been 'hidden' from view at the moment but Baba shall uncover them. Anyway, despite the attractive PER & PB, I am staying far, far away just like that galaxy in Star Wars! @VVS what would you advice someone who already has shares in Kengen. Sell. Alternative option? Look up Cognitive Dissonance. I did the same [make excuses to justify my investment] with KK, KQ, Olympia. http://www.ritholtz.com/...is-hurting-your-returns/Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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For once, I will be greedy where vvs is fearful... I will take up my rights in full.... If the trading price at the bourse tumbles, then I will further average down... Hoping govt takes up its rights to avoid oversupply on the floor For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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winmak wrote:For once, I will be greedy where vvs is fearful... I will take up my rights in full.... If the trading price at the bourse tumbles, then I will further average down... Hoping govt takes up its rights to avoid oversupply on the floor @winmak go ahead with confidence.. @vvs has a good investment strategy but which is best applied for the age group of over 50 years, since they cannot risk much..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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obiero wrote:winmak wrote:For once, I will be greedy where vvs is fearful... I will take up my rights in full.... If the trading price at the bourse tumbles, then I will further average down... Hoping govt takes up its rights to avoid oversupply on the floor @winmak go ahead with confidence.. @vvs has a good investment strategy but which is best applied for the age group of over 50 years, since they cannot risk much..   #MzeeNiMimi Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/24/2010 Posts: 236 Location: nairobi
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This is one company with potential but the beneficiary have not been and will not be the share holders.
You even tell from the board with ZERO shares. They know who are the beneficiaries.
I agree with @vvs on this one, though am a trapped shareholder.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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innovator wrote:This is one company with potential but the beneficiary have not been and will not be the share holders.
Really, who are the beneficiaries? We (shareholders including yourself) are cum Div for 2015 YOI. Life is short. Live passionately.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Electricity distributor Kenya Power and Lighting Company said yesterday it was not opposed to a proposal by Kenya Power Generating Company to sell power directly to large consumers near its plants. KPLC chief executive Ben Chumo said its the plan will not hurt its profitability since it has been clearly thought out between them. Chumo said the near monopoly power supplier will also engaged the Energy Regulatory Commission to ensure rules are followed in the plan. The framework will mostly rope in the manufacturers setting up base in special economic zones. http://www.energybiz.com...s-direct-power-sale-plan"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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