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Kengen success
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:"If fully subscribed, the number of new issued shares shall be 6,595,084,368 with GOK controlling 70% or 4,616,559,058 shares. The new pro- forma theore cal equity capitalization of KenGen would be Kshs 174.61 billion immediately post-Rights Issue."
That's a lot of shares with non-GoK shareholders BUT control will remain with GoK. Good luck to KenGen shareholders. There will be more liquidity. x2 the numbers of shares in non-GOK hands will attract smart money. Compare with safcom where GOK has 35%, Vodafone 40% and free float 25%. 75% never moves yet Safcom is the most liquid share on nse due to the sheer number of free floating shares. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:"If fully subscribed, the number of new issued shares shall be 6,595,084,368 with GOK controlling 70% or 4,616,559,058 shares. The new pro- forma theore cal equity capitalization of KenGen would be Kshs 174.61 billion immediately post-Rights Issue."
That's a lot of shares with non-GoK shareholders BUT control will remain with GoK. Good luck to KenGen shareholders. There will be more liquidity. x2 the numbers of shares in non-GOK hands will attract smart money. Compare with safcom where GOK has 35%, Vodafone 40% and free float 25%. 75% never moves yet Safcom is the most liquid share on nse due to the sheer number of free floating shares. 1. Who controls/runs (management) Safaricom? 2. Does Safaricom have debt? 3. Is Safaricom's pricing subject to political interference? 4. Do you trust the board and management of KenGen? Safaricom? Good luck. 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:sparkly wrote:VituVingiSana wrote:"If fully subscribed, the number of new issued shares shall be 6,595,084,368 with GOK controlling 70% or 4,616,559,058 shares. The new pro- forma theore cal equity capitalization of KenGen would be Kshs 174.61 billion immediately post-Rights Issue."
That's a lot of shares with non-GoK shareholders BUT control will remain with GoK. Good luck to KenGen shareholders. There will be more liquidity. x2 the numbers of shares in non-GOK hands will attract smart money. Compare with safcom where GOK has 35%, Vodafone 40% and free float 25%. 75% never moves yet Safcom is the most liquid share on nse due to the sheer number of free floating shares. 1. Who controls/runs (management) Safaricom? 2. Does Safaricom have debt? 3. Is Safaricom's pricing subject to political interference? 4. Do you trust the board and management of KenGen? Safaricom? Good luck. Good questions. Good luck The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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My instinct tells me this share will join the sub 4 bob club post rights. Only 1 scandal away. The investor's chief problem - and even his worst enemy - is likely to be himself
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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:"If fully subscribed, the number of new issued shares shall be 6,595,084,368 with GOK controlling 70% or 4,616,559,058 shares. The new pro- forma theore cal equity capitalization of KenGen would be Kshs 174.61 billion immediately post-Rights Issue."
That's a lot of shares with non-GoK shareholders BUT control will remain with GoK. Good luck to KenGen shareholders. There will be more liquidity. x2 the numbers of shares in non-GOK hands will attract smart money. Compare with safcom where GOK has 35%, Vodafone 40% and free float 25%. 75% never moves yet Safcom is the most liquid share on nse due to the sheer number of free floating shares. 1. Who controls/runs (management) Safaricom? 2. Does Safaricom have debt? 3. Is Safaricom's pricing subject to political interference? 4. Do you trust the board and management of KenGen? Safaricom? Good luck. This is the problem of reading posts with a pre-determined response. Please note my point LIQUIDITY WILL INCREASE. (FULL STOP)Life is short. Live passionately.
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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today i have placed a bid for some kengen shares at a price of ksh 6.50.Now i will be waiting for predictions of this man from west africa who insists the shares will trade at 3 bob post rights to add more.Thats if it will really happen. Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:"If fully subscribed, the number of new issued shares shall be 6,595,084,368 with GOK controlling 70% or 4,616,559,058 shares. The new pro- forma theore cal equity capitalization of KenGen would be Kshs 174.61 billion immediately post-Rights Issue."
That's a lot of shares with non-GoK shareholders BUT control will remain with GoK. Good luck to KenGen shareholders. There will be more liquidity. x2 the numbers of shares in non-GOK hands will attract smart money. Compare with safcom where GOK has 35%, Vodafone 40% and free float 25%. 75% never moves yet Safcom is the most liquid share on nse due to the sheer number of free floating shares. 1. Who controls/runs (management) Safaricom? 2. Does Safaricom have debt? 3. Is Safaricom's pricing subject to political interference? 4. Do you trust the board and management of KenGen? Safaricom? Good luck. This is the problem of reading posts with a pre-determined response. Please note my point LIQUIDITY WILL INCREASE. (FULL STOP) Move your FULL STOP further right and there's this... "x2 the numbers of shares in non-GOK hands will attract smart money." ... If you insist it will 'attract smart money' just coz there are more shares available (liquidity) then good for you. Good luck. 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:sparkly wrote:VituVingiSana wrote:"If fully subscribed, the number of new issued shares shall be 6,595,084,368 with GOK controlling 70% or 4,616,559,058 shares. The new pro- forma theore cal equity capitalization of KenGen would be Kshs 174.61 billion immediately post-Rights Issue."
That's a lot of shares with non-GoK shareholders BUT control will remain with GoK. Good luck to KenGen shareholders. There will be more liquidity. x2 the numbers of shares in non-GOK hands will attract smart money. Compare with safcom where GOK has 35%, Vodafone 40% and free float 25%. 75% never moves yet Safcom is the most liquid share on nse due to the sheer number of free floating shares. 1. Who controls/runs (management) Safaricom? 2. Does Safaricom have debt? 3. Is Safaricom's pricing subject to political interference? 4. Do you trust the board and management of KenGen? Safaricom? Good luck. This is the problem of reading posts with a pre-determined response. Please note my point LIQUIDITY WILL INCREASE. (FULL STOP) Move your FULL STOP further right and there's this... "x2 the numbers of shares in non-GOK hands will attract smart money." ... If you insist it will 'attract smart money' just coz there are more shares available (liquidity) then good for you. Good luck. That is my opinion. Yours is that the larger float will not attract institutional investors. One of us will be proven right the other wrong, in time. Let's revisit when they publish results of the rights. Life is short. Live passionately.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Why is it that those not planning to get hold of Kengen are the most active in this thread? "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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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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murchr wrote:Why is it that those not planning to get hold of Kengen are the most active in this thread? People throw stones at trees with ripe fruits. Life is short. Live passionately.
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