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Kengen success
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citymayor
#291 Posted : Monday, May 23, 2016 2:12:56 PM
Rank: New-farer

Joined: 2/15/2012
Posts: 29
Location: unimportant
nashx wrote:
VituVingiSana wrote:
Dear KenGen shareholders,

Pole sana.

VVS.


For my own information someone educate me on what would be the potential implications to the share price if the rights were undersubcribed


Section 3.5 of the IM: “A minimum of 65% of the Rights Issue is required to be accepted for it to be declared successful. This implies that a minimum of 2,857,869,893 New Shares need to be taken up and fully paid for.”

Government is taking up its full 70 % stake so whatever you decide to do(or not do) you are facing a massive dilution since the rights issue is already “technically” successful
The Emotional Dog and Its Rational Tail
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nashx
#292 Posted : Monday, May 23, 2016 2:18:23 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
citymayor wrote:
nashx wrote:
VituVingiSana wrote:
Dear KenGen shareholders,

Pole sana.

VVS.


For my own information someone educate me on what would be the potential implications to the share price if the rights were undersubcribed


Section 3.5 of the IM: “A minimum of 65% of the Rights Issue is required to be accepted for it to be declared successful. This implies that a minimum of 2,857,869,893 New Shares need to be taken up and fully paid for.”

Government is taking up its full 70 % stake so whatever you decide to do(or not do) you are facing a massive dilution since the rights issue is already “technically” successful

@citymayor Asante that was the kind of answer I was looking for...
Offering my personal finance knowledge for free
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sparkly
#293 Posted : Monday, May 23, 2016 2:50:21 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
hisah wrote:
mlennyma wrote:
hisah wrote:
Ericsson wrote:
Na pia rights are not being displayed trading in the market

So far only 1,100 rights have traded in two deals between 80 cents and KES 1.00.

https://live.mystocks.co.ke/m/stock=KEGN-R


you mean this buyer doesn't know the nse to buy cheaper

Down to 10cts premium now with 15k shares traded in 4 deals. Clearly the buyers are dim! The main share is down to 6.30 while the rights buyers are buying at 6.65!?


How many markets are there? I can't see my allocation on the SBG platform
Life is short. Live passionately.
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nashx
#294 Posted : Monday, May 23, 2016 2:53:45 PM
Rank: Member

Joined: 2/28/2014
Posts: 188
Location: Nairobi
sparkly wrote:
hisah wrote:
mlennyma wrote:
hisah wrote:
Ericsson wrote:
Na pia rights are not being displayed trading in the market

So far only 1,100 rights have traded in two deals between 80 cents and KES 1.00.

https://live.mystocks.co.ke/m/stock=KEGN-R


you mean this buyer doesn't know the nse to buy cheaper

Down to 10cts premium now with 15k shares traded in 4 deals. Clearly the buyers are dim! The main share is down to 6.30 while the rights buyers are buying at 6.65!?


How many markets are there? I can't see my allocation on the SBG platform


I was told it will reflect tomorrow on the system
Offering my personal finance knowledge for free
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muandiwambeu
#295 Posted : Monday, May 23, 2016 3:10:52 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
nashx wrote:
citymayor wrote:
nashx wrote:
VituVingiSana wrote:
Dear KenGen shareholders,

Pole sana.

VVS.


For my own information someone educate me on what would be the potential implications to the share price if the rights were undersubcribed


Section 3.5 of the IM: “A minimum of 65% of the Rights Issue is requires to be accepted for it to be declared successful. This implies that a minimum of 2,857,869,893 New Shares need to be taken up and fully paid for.”

Government is taking up its full 70 % stake so whatever you decide to do(or not do) you are facing a massive dilution since the rights issue is already “technically” successful

@citymayor
Asante that was the kind of answer I was looking for...

u should know your bedmate @citymayor. Gova's offered to convert wrong before the pie was put into the table and successfulness of such is not in question. the question is how will the 30% responded is the quiz. Gova does little of daily market price movements and if it does it would have save u by fronting a formidable ppt to save the stock price plunge being experienced. so, whoil is your bedmate here. could have arrangent the conversion privately here and save your heart the ache bumps.
what a cruel cold treatment affair. look and see how your big bro got you monkeyed here.
70% is successful, so what about 30% that says what trades and at what price? what are they left felleling, .....shafted ofcoarse.
,Behold, a sower went forth to sow;....
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winmak
#296 Posted : Monday, May 23, 2016 3:57:30 PM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
Is it possible to avoid buying my rights at 6.55 and buy those rights being sold by others ?at 80 cents?
For investors as a whole, returns decrease as motion increases ~ WB
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mlennyma
#297 Posted : Monday, May 23, 2016 4:27:09 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
winmak wrote:
Is it possible to avoid buying my rights at 6.55 and buy those rights being sold by others ?at 80 cents?

80cts above 6.55 is cheaper how?you sell rights to make a better deal than the rights set price,but the market spoils this when it pludges below the given discount(rights price )to trade even lower.
"Don't let the fear of losing be greater than the excitement of winning."
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murchr
#298 Posted : Monday, May 23, 2016 4:35:09 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
My platform did not even allow me to put in a price. I think there's some technical 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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enyands
#299 Posted : Monday, May 23, 2016 4:38:45 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Realcement wrote:
FINAL TIME
Let me emphasize and inform all of you that it is better to buy KENGEN at cheaper price after dilusion rather than the rights at 6.55.
Friday closing is even lower at 6.50.
There is no way KENGEM will not be below 4.00 bob between July and october.
It is however a reliable long term play (3 - 5 years) as EPS will be accelerating as more geothermal and other power sources is added to the national grid 2017 - 2020.
Do not say I did not tell you ?




This guy above was somehow right. Remember the tsunami referral mentioned? Pray Realcement
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Aguytrying
#300 Posted : Monday, May 23, 2016 5:56:54 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
enyands wrote:
Realcement wrote:
FINAL TIME
Let me emphasize and inform all of you that it is better to buy KENGEN at cheaper price after dilusion rather than the rights at 6.55.
Friday closing is even lower at 6.50.
There is no way KENGEM will not be below 4.00 bob between July and october.
It is however a reliable long term play (3 - 5 years) as EPS will be accelerating as more geothermal and other power sources is added to the national grid 2017 - 2020.
Do not say I did not tell you ?




This guy above was somehow right. Remember the tsunami referral mentioned? Pray Realcement



@Realcement. On HFCK I was a lone voice hear that it was overpriced, not many could see it. And it was significantly dilutive. On Kengen. I see price stagnation post rights a prolonged stagnation. I pray that the gava syndrome doesn't affect this one because that will send it towards the cousins Uchumi. KQ. Hang one kengen folks. Watching this from VERY far
The investor's chief problem - and even his worst enemy - is likely to be himself
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