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Kengen success
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1masha
#161 Posted : Thursday, May 05, 2016 8:46:55 AM
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Joined: 2/28/2014
Posts: 41
murchr wrote:
The management of Kengen has to be the worst in communication

What did they do? Did they give communication and failed to include details just like you did in this post?
Good judgement is often the result of experience. Experience is often the result of bad judgement.
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sparkly
#162 Posted : Thursday, May 05, 2016 12:41:50 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
1masha wrote:
murchr wrote:
The management of Kengen has to be the worst in communication

What did they do? Did they give communication and failed to include details just like you did in this post?


Laughing out loudly
Life is short. Live passionately.
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Ericsson
#163 Posted : Thursday, May 05, 2016 1:24:39 PM
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Kengen cheated murchr on the timelines of the rights issue
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Boris Boyka
#164 Posted : Thursday, May 05, 2016 1:44:21 PM
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Joined: 11/15/2013
Posts: 1,977
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sparkly wrote:
1masha wrote:
murchr wrote:
The management of Kengen has to be the worst in communication

What did they do? Did they give communication and failed to include details just like you did in this post?


Laughing out loudly

Laughing out loudly Laughing out loudly Laughing out loudly
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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murchr
#165 Posted : Thursday, May 05, 2016 2:29:24 PM
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Joined: 2/26/2012
Posts: 15,980
1masha wrote:
murchr wrote:
The management of Kengen has to be the worst in communication

What did they do? Did they give communication and failed to include details just like you did in this post?



I will excuse you for being slow on following the discussion in this post. @ericsson chewed it for you
"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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washiku
#166 Posted : Thursday, May 05, 2016 2:39:27 PM
Rank: Chief


Joined: 5/9/2007
Posts: 13,095
Boris Boyka wrote:
sparkly wrote:
1masha wrote:
murchr wrote:
The management of Kengen has to be the worst in communication

What did they do? Did they give communication and failed to include details just like you did in this post?


Laughing out loudly

Laughing out loudly Laughing out loudly Laughing out loudly


Laughing out loudly Laughing out loudly No chills in this street.
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murchr
#167 Posted : Tuesday, May 10, 2016 6:42:51 AM
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Joined: 2/26/2012
Posts: 15,980
KenGen has said that it has been given the green light by Capital Markets Authority (CMA) and Nairobi Securities Exchange (NSE) to raise Ksh 28.8 Billion through rights issue to the existing shareholders.

The NSE listed company will be offering a total of 4, 396, 722912 new shares at a price of Ksh 6.55 per share in the ratio of two for one. Register closes on Monday 16th May 2016.

KenGen says the offer price of Ksh 6.55 represents a discount of 18.33% to the weighted average of its share price on the NSE for the past 30 Days upto and including 4th May 2016, and 22.94% on the last trade price.

The Kenyan Government, which is a majority shareholder heard earlier on indicated that it was willing to take up its rights issue which equals about 70% of the total transaction through conversion of some of its debt into equity.



http://kenyanwallstreet....billion-via-rights-issue
"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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nashx
#168 Posted : Tuesday, May 10, 2016 6:49:02 AM
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Joined: 2/28/2014
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Location: Nairobi
Wondering if I should sell at a profit (bought at an average of 6.5)...7 to 8 Bob today and try get back in again near the rights issue prices
Offering my personal finance knowledge for free
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Ericsson
#169 Posted : Tuesday, May 10, 2016 6:53:42 AM
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Halleluhya everything has come out just as I had predicted.
Offer price of 2:1 and price of sh.6.55
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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nashx
#170 Posted : Tuesday, May 10, 2016 9:48:34 AM
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The share price is taking a hit. Demand at 5.05...I might as well become a buyer rather than a seller at those prices
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watesh
#171 Posted : Tuesday, May 10, 2016 9:52:51 AM
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Joined: 8/10/2014
Posts: 969
Location: Kenya
nashx wrote:
The share price is taking a hit. Demand at 5.05...I might as well become a buyer rather than a seller at those prices

I hope it goes to below rights issue price Laughing out loudly Laughing out loudly Laughing out loudly
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nashx
#172 Posted : Tuesday, May 10, 2016 9:56:08 AM
Rank: Member


Joined: 2/28/2014
Posts: 188
Location: Nairobi
watesh wrote:
nashx wrote:
The share price is taking a hit. Demand at 5.05...I might as well become a buyer rather than a seller at those prices

I hope it goes to below rights issue price Laughing out loudly Laughing out loudly Laughing out loudly


Hope so too coz then I will buy more. How come I can't bid lower than 6.75 yet there are bids at lower prices. How are guys doing it?
Offering my personal finance knowledge for free
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mthaka
#173 Posted : Tuesday, May 10, 2016 11:03:21 AM
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@Watesh hope is not a strategy,you better defend your rights or buy now and access the rights,
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watesh
#174 Posted : Tuesday, May 10, 2016 11:07:34 AM
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mthaka wrote:
@Watesh hope is not a strategy,you better defend your rights or buy now and access the rights,

I prefer waiting after the rights issue when the new shares are in the market or buying below rights issue price now
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mthaka
#175 Posted : Tuesday, May 10, 2016 11:16:16 AM
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@Watesh hope is not a strategy,you better defend your rights or buy now and access the rights,
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Ericsson
#176 Posted : Tuesday, May 10, 2016 11:38:15 AM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Link from their website

http://www.kengen.co.ke/...ports/Rights%20Issue.pdf
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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ruwesh
#177 Posted : Tuesday, May 10, 2016 12:52:16 PM
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Joined: 2/4/2015
Posts: 15
Location: nairobi
nashx wrote:
watesh wrote:
nashx wrote:
The share price is taking a hit. Demand at 5.05...I might as well become a buyer rather than a seller at those prices

I hope it goes to below rights issue price Laughing out loudly Laughing out loudly Laughing out loudly


Hope so too coz then I will buy more. How come I can't bid lower than 6.75 yet there are bids at lower prices. How are guys doing it?


those are guys who had put purchase bids earlier on when the prices were still low.
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Plimsoul
#178 Posted : Tuesday, May 10, 2016 1:58:56 PM
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Joined: 3/3/2016
Posts: 132
[quote=murchr]



http://kenyanwallstreet....illion-via-rights-issue[/quote]

Took so long to get here, but finally.

Wow. 28.8 bn is massive!!! There are only 12 companies in the NSE with a market cap at that level or more.

Good luck to them. That 30% will probably be massively undersubscribed. KQ2
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hisah
#179 Posted : Tuesday, May 10, 2016 2:18:14 PM
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Joined: 8/4/2010
Posts: 8,977
Ericsson wrote:
Halleluhya everything has come out just as I had predicted.
Offer price of 2:1 and price of sh.6.55

In these market conditions, this rights issue will definitely be undersubscribed.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ericsson
#180 Posted : Tuesday, May 10, 2016 2:32:36 PM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
@hisah;
It will be oversubcribed or meet the targets.
Don't forget there are big institutional shareholders like NSSF who will get a good entry point.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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