enyands wrote:Meanwhile "The KenGen share has slipped below the discounted rights issue price of Sh6.55, dealing a potential blow to the offer as it makes it more attractive for investors to buy the stock in the open market" today's BD. There was a silent dove somewhere from Western Africa that warned. I'll wait for it at 3 a share
I highly doubt the 3. 6 would be my lower limit. Most chaps avoiding dilution sold long before the rights issue.
Most of the investors left are long termers. Supply will dwindle out.
In a nutshell, Kengen will either rise or stagnate.