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Rank: Member Joined: 1/31/2007 Posts: 303
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hisah wrote: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.
I dont think so,given that the government will be defending it's stake,the only shares really on offer are 1.2Billion so the amount to be raised is about 8Billion which isnt much given the attractiveness of the right price plus other fundamentals.
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Rank: Member Joined: 9/30/2013 Posts: 254
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hisah wrote: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.
@hisah,we only need 8.64 Billion,i know there are kenyans who can actually buy the entire stake,forget under subscription.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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mthaka wrote:hisah wrote: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.
@hisah,we only need 8.64 Billion,i know there are kenyans who can actually buy the entire stake,forget under subscription. Will they? Why? 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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VituVingiSana wrote:mthaka wrote:hisah wrote: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.
@hisah,we only need 8.64 Billion,i know there are kenyans who can actually buy the entire stake,forget under subscription. Will they? Why? You guys make me laugh. What has kengen done since listing for shareholders to tripple their investment with them?? wait for it at the below 5 bob club (where the other gava firms reside) after rights issue. refer to kplc rights to know what will happen to share price later. KCB will be over subscribed, KENGEN will be undersubscribed. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 3/3/2016 Posts: 132
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Aguytrying wrote:VituVingiSana wrote:mthaka wrote:hisah wrote: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.
@hisah,we only need 8.64 Billion,i know there are kenyans who can actually buy the entire stake,forget under subscription. Will they? Why? You guys make me laugh. What has kengen done since listing for shareholders to tripple their investment with them?? wait for it at the below 5 bob club (where the other gava firms reside) after rights issue. refer to kplc rights to know what will happen to share price later. KCB will be over subscribed, KENGEN will be undersubscribed. Does anyone else find the timing terrible? Not just because of the 10b set aside for KCB, but the short notice. I mean it's been known for years, but they announce today and it closes 10th June. I hope at least institutional investors had a heads up
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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hisah wrote: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.
God help me not to touch this share, if there are any goodies to be missed I will never regret "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 7/20/2012 Posts: 141
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Why would one buy the rights at above the prevailing market price of the share? Two more trading days and the price will be lower than 6.55.
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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Aguytrying wrote:VituVingiSana wrote:mthaka wrote:hisah wrote: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.
@hisah,we only need 8.64 Billion,i know there are kenyans who can actually buy the entire stake,forget under subscription. Will they? Why? You guys make me laugh. What has kengen done since listing for shareholders to tripple their investment with them?? wait for it at the below 5 bob club (where the other gava firms reside) after rights issue. refer to kplc rights to know what will happen to share price later. KCB will be over subscribed, KENGEN will be undersubscribed. Elections. I keep quiet. Like kabetes
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 1/31/2007 Posts: 303
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h2s wrote:Why would one buy the rights at above the prevailing market price of the share? Two more trading days and the price will be lower than 6.55. What would be the rationale for the share to trade below the rights price? Too much pessimism around..
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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moneydust wrote:h2s wrote:Why would one buy the rights at above the prevailing market price of the share? Two more trading days and the price will be lower than 6.55. What would be the rationale for the share to trade below the rights price? Too much pessimism around.. We've seen this too Many times. Today the price dropped 10%. One thing about money is that it's clever and it thinks about making more money. Trust me any company doing a killer rights issue does not have its shareholders best interests at heart. Otherwise they wouldn't dilute shareholders like that. This is more of an IPO than a rights issue. Do the math The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 12/11/2006 Posts: 884
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Waiting to load these at 5bob n below “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Aguytrying wrote:moneydust wrote:h2s wrote:Why would one buy the rights at above the prevailing market price of the share? Two more trading days and the price will be lower than 6.55. What would be the rationale for the share to trade below the rights price? Too much pessimism around.. We've seen this too Many times. Today the price dropped 10%. One thing about money is that it's clever and it thinks about making more money. Trust me any company doing a killer rights issue does not have its shareholders best interests at heart. Otherwise they wouldn't dilute shareholders like that. This is more of an IPO than a rights issue. Do the math After the rights exercise have released too much shares into the market, a free fall is likely. It will be a good time to buy. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 1/31/2007 Posts: 303
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Spikes wrote:Aguytrying wrote:moneydust wrote:h2s wrote:Why would one buy the rights at above the prevailing market price of the share? Two more trading days and the price will be lower than 6.55. What would be the rationale for the share to trade below the rights price? Too much pessimism around.. We've seen this too Many times. Today the price dropped 10%. One thing about money is that it's clever and it thinks about making more money. Trust me any company doing a killer rights issue does not have its shareholders best interests at heart. Otherwise they wouldn't dilute shareholders like that. This is more of an IPO than a rights issue. Do the math After the rights exercise have released too much shares into the market, a free fall is likely. It will be a good time to buy. For this one I think something drastic needs to happen for the price to decidedly go below the rights price After the rights the free floating shares will be around 2Billion and a significant amount of this will be held by institutions.I therefore dont see the massive oversupply of shares your talking about.
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Rank: Member Joined: 2/28/2014 Posts: 188 Location: Nairobi
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Spikes wrote:Aguytrying wrote:moneydust wrote:h2s wrote:Why would one buy the rights at above the prevailing market price of the share? Two more trading days and the price will be lower than 6.55. What would be the rationale for the share to trade below the rights price? Too much pessimism around.. We've seen this too Many times. Today the price dropped 10%. One thing about money is that it's clever and it thinks about making more money. Trust me any company doing a killer rights issue does not have its shareholders best interests at heart. Otherwise they wouldn't dilute shareholders like that. This is more of an IPO than a rights issue. Do the math After the rights exercise have released too much shares into the market, a free fall is likely. It will be a good time to buy. I remember when people used to say safaricom has too many shares in the market...this is a buy for me and i will exercise my rights...the business is fundamentally strong and a steal at even 7 Bob...funny the market didn't panic as much as I expected today...chances are it won't drop below 7 Bob.....the only fear i have is if in the near future there's a change of management due to poor political appointees who may mismanage it.otherwise the current management is strong for me and will help realize the true value of kengen and it's businesss model Offering my personal finance knowledge for free
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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nashx wrote:Spikes wrote:Aguytrying wrote:moneydust wrote:h2s wrote:Why would one buy the rights at above the prevailing market price of the share? Two more trading days and the price will be lower than 6.55. What would be the rationale for the share to trade below the rights price? Too much pessimism around.. We've seen this too Many times. Today the price dropped 10%. One thing about money is that it's clever and it thinks about making more money. Trust me any company doing a killer rights issue does not have its shareholders best interests at heart. Otherwise they wouldn't dilute shareholders like that. This is more of an IPO than a rights issue. Do the math After the rights exercise have released too much shares into the market, a free fall is likely. It will be a good time to buy. I remember when people used to say safaricom has too many shares in the market...this is a buy for me and i will exercise my rights...the business is fundamentally strong and a steal at even 7 Bob...funny the market didn't panic as much as I expected today...chances are it won't drop below 7 Bob.....the only fear i have is if in the near future there's a change of management due to poor political appointees who may mismanage it.otherwise the current management is strong for me and will help realize the true value of kengen and it's businesss model You are playing around the epicentre of middle east earthquake. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 2/28/2014 Posts: 188 Location: Nairobi
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Spikes wrote:nashx wrote:Spikes wrote:Aguytrying wrote:moneydust wrote:h2s wrote:Why would one buy the rights at above the prevailing market price of the share? Two more trading days and the price will be lower than 6.55. What would be the rationale for the share to trade below the rights price? Too much pessimism around.. We've seen this too Many times. Today the price dropped 10%. One thing about money is that it's clever and it thinks about making more money. Trust me any company doing a killer rights issue does not have its shareholders best interests at heart. Otherwise they wouldn't dilute shareholders like that. This is more of an IPO than a rights issue. Do the math After the rights exercise have released too much shares into the market, a free fall is likely. It will be a good time to buy. I remember when people used to say safaricom has too many shares in the market...this is a buy for me and i will exercise my rights...the business is fundamentally strong and a steal at even 7 Bob...funny the market didn't panic as much as I expected today...chances are it won't drop below 7 Bob.....the only fear i have is if in the near future there's a change of management due to poor political appointees who may mismanage it.otherwise the current management is strong for me and will help realize the true value of kengen and it's businesss model You are playing around the epicentre of middle east earthquake. I guess time in the market will tell...if I'm wrong there will be a good lesson to learn...if I'm right then...I will be smiling to the bank. Full disclosure...My weighted buying price is 6.5 before exercising the rights...I am looking to stay in the counter 2 to 5 years unless of course something shifts significantly with its fundamentals Offering my personal finance knowledge for free
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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nashx wrote:Spikes wrote:nashx wrote:Spikes wrote:Aguytrying wrote:moneydust wrote:h2s wrote:Why would one buy the rights at above the prevailing market price of the share? Two more trading days and the price will be lower than 6.55. What would be the rationale for the share to trade below the rights price? Too much pessimism around.. We've seen this too Many times. Today the price dropped 10%. One thing about money is that it's clever and it thinks about making more money. Trust me any company doing a killer rights issue does not have its shareholders best interests at heart. Otherwise they wouldn't dilute shareholders like that. This is more of an IPO than a rights issue. Do the math After the rights exercise have released too much shares into the market, a free fall is likely. It will be a good time to buy. I remember when people used to say safaricom has too many shares in the market...this is a buy for me and i will exercise my rights...the business is fundamentally strong and a steal at even 7 Bob...funny the market didn't panic as much as I expected today...chances are it won't drop below 7 Bob.....the only fear i have is if in the near future there's a change of management due to poor political appointees who may mismanage it.otherwise the current management is strong for me and will help realize the true value of kengen and it's businesss model You are playing around the epicentre of middle east earthquake. I guess time in the market will tell...if I'm wrong there will be a good lesson to learn...if I'm right then...I will be smiling to the bank. Full disclosure...My weighted buying price is 6.5 before exercising the rights...I am looking to stay in the counter 2 to 5 years unless of course something shifts significantly with its fundamentals There will always be buyers and sellers in the market. Right now it's makes sense for someone to sell some at 8 and get back for rights at 6.55. Whoever does not take up rights will be diluted in a big way. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Share price bouncing back. It was going to be hard for the counter to go below the rights issue price. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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Ericsson wrote:Share price bouncing back.
It was going to be hard for the counter to go below the rights issue price. PPT action  The only thing to buy in kengen is the cashflow. I want to see the IM to determine the cash flow per share. I think the cash flow per share will be less than the offer price of 6.55/=. 70:30 debt:equity is crazy considering the strengthening yen
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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wukan wrote:Ericsson wrote:Share price bouncing back.
It was going to be hard for the counter to go below the rights issue price. PPT action The only thing to buy in kengen is the cashflow. I want to see the IM to determine the cash flow per share. I think the cash flow per share will be less than the offer price of 6.55/=. 70:30 debt:equity is crazy considering the strengthening yen This has been discussed and settled. Kengen recovers Forex losses from KPLC Life is short. Live passionately.
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