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kcb going south
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2012
#21 Posted : Friday, May 07, 2010 4:37:41 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Just heard on radio that shareholders approved the rights issue. Was there a confirmed price?

BBI will solve it :)
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Wa_ithaka
#22 Posted : Friday, May 07, 2010 5:08:47 PM
Rank: Veteran


Joined: 1/7/2010
Posts: 1,279
Location: nbi
Typical lack of PR nous on the part of the Odour.
I hope the KCmB shareholders have taken note of the bond comment. Yani, an additional P&L hit to come. I initially assumed this was an option to go alongside the RI
The Governor of Nyeri - 2017
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youcan'tstopusnow
#23 Posted : Friday, May 07, 2010 7:02:09 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
News just in from KCB's head office are stressing that the management are on course for reaching their target of ensuring their share price hits 25/= by 2030, around the same time Kenya achieves its vision of becoming a middle-level economy.
There were rumours that the company would fall short of its target, but a smiling Martin Oduor-Otieno, armed with a new 2 year contract extension, allayed those fears.
The news is likely going to lead to increased activity of the company's shares at the Nairobi bourse.
GOD BLESS YOUR LIFE
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VituVingiSana
#24 Posted : Friday, May 07, 2010 8:58:19 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,120
Location: Nairobi
Wa_ithaka wrote:
Typical lack of PR nous on the part of the Odour.
I hope the KCmB shareholders have taken note of the bond comment. Yani, an additional P&L hit to come. I initially assumed this was an option to go alongside the RI

The Bond is a good idea... Instead of the Rights Issue, I wish they would have stuck with a Bond... or Bonds...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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