wazua Thu, Nov 6, 2025
Welcome Guest Search | Active Topics | Log In

16 Pages«<1011121314>»
Unga limited takeover
Options
Previous Topic · Next Topic
jawgey
#221 Posted : Tuesday, June 19, 2018 4:25:09 PM
Rank: Member


Joined: 1/13/2014
Posts: 397
Location: Denmark
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.
Seeing is believing
Back to top
 Report Abusive | Report SPAM
jawgey
#222 Posted : Tuesday, June 19, 2018 4:27:54 PM
Rank: Member


Joined: 1/13/2014
Posts: 397
Location: Denmark
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.


I mean, will I still be paid for my shares? If yes, how will I be paid if not through my broker?
Seeing is believing
Back to top
 Report Abusive | Report SPAM
wukan
#223 Posted : Tuesday, June 19, 2018 4:30:42 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,627
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.


Seaboard and victus will screw you nice and proper away from public limelight. smile
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#224 Posted : Tuesday, June 19, 2018 4:50:26 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,268
Location: Nairobi
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.

The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.]

The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
jawgey
#225 Posted : Tuesday, June 19, 2018 6:32:00 PM
Rank: Member


Joined: 1/13/2014
Posts: 397
Location: Denmark
wukan wrote:
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.


Seaboard and victus will screw you nice and proper away from public limelight. smile


Sadly that might be the case.
Seeing is believing
Back to top
 Report Abusive | Report SPAM
jawgey
#226 Posted : Tuesday, June 19, 2018 6:33:32 PM
Rank: Member


Joined: 1/13/2014
Posts: 397
Location: Denmark
VituVingiSana wrote:
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.

The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.]

The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.]


Thanks for the information VVS. Well in that case I have to reevaluate my next step.
Seeing is believing
Back to top
 Report Abusive | Report SPAM
Angelica _ann
#227 Posted : Tuesday, June 19, 2018 6:36:50 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,929
jawgey wrote:
VituVingiSana wrote:
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.

The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.]

The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.]


Thanks for the information VVS. Well in that case I have to reevaluate my next step.


A cheque will be done & posted to your last known address once they reach the 90% threshold. Cc. Brokrbond/Unilever & Access Kenya. Wacha tu!!! This is a real accept & move on scenario!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#228 Posted : Tuesday, June 19, 2018 7:23:49 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,268
Location: Nairobi
jawgey wrote:
VituVingiSana wrote:
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.

The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.]

The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.]


Thanks for the information VVS. Well in that case I have to reevaluate my next step.

IF Seaboard + Victus get to 75% and 90%. No easy answers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
xxxxx
#229 Posted : Tuesday, June 19, 2018 9:38:22 PM
Rank: Member


Joined: 3/20/2008
Posts: 503
jawgey wrote:
VituVingiSana wrote:
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.

The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.]

The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.]


Thanks for the information VVS. Well in that case I have to reevaluate my next step.


Actually, me thinks it could have been much much worse. Ask those caught up in Eveready or Express, Merali companies, KQ or even ARMCement. So, if I were you, I'd sell the damn shares and go make money else where. You were already shafted together with all other Wanjikus. CMA/NSE are part of the shafting cartel. Where will you run to???
Back to top
 Report Abusive | Report SPAM
obiero
#230 Posted : Tuesday, June 19, 2018 10:53:28 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,984
Location: nairobi
xxxxx wrote:
jawgey wrote:
VituVingiSana wrote:
jawgey wrote:
Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?

There is no way I'm taking Sh. 40 willingly.

The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.]

The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.]


Thanks for the information VVS. Well in that case I have to reevaluate my next step.


Actually, me thinks it could have been much much worse. Ask those caught up in Eveready or Express, Merali companies, KQ or even ARMCement. So, if I were you, I'd sell the damn shares and go make money else where. You were already shafted together with all other Wanjikus. CMA/NSE are part of the shafting cartel. Where will you run to???

The KQ case is the saddest

KQ ABP 4.48; MTN ABP 5.20
Back to top
WWW
 Report Abusive | Report SPAM
VituVingiSana
#231 Posted : Wednesday, June 20, 2018 10:54:29 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,268
Location: Nairobi
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
tandich
#232 Posted : Friday, July 20, 2018 4:13:47 PM
Rank: Member


Joined: 5/6/2008
Posts: 199
Back to top
 Report Abusive | Report SPAM
Angelica _ann
#233 Posted : Friday, July 20, 2018 4:18:11 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,929
VituVingiSana wrote:
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]


They failed flat on their bid.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
 Report Abusive | Report SPAM
mlennyma
#234 Posted : Friday, July 20, 2018 4:47:35 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
Angelica _ann wrote:
VituVingiSana wrote:
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]


They failed flat on their bid.

what next?price fall?or price rise as they continue to chase the remaining %
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
 Report Abusive | Report SPAM | Edit by user: Friday, July 20, 2018 4:48 PM | Reason: Not specified
Ericsson
#235 Posted : Friday, July 20, 2018 5:01:03 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
mlennyma wrote:
Angelica _ann wrote:
VituVingiSana wrote:
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]


They failed flat on their bid.

what next?price fall?or price rise as they continue to chase the remaining %


Price will fall with a thump
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
Ericsson
#236 Posted : Friday, July 20, 2018 5:04:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
@vvs must be celebrating with champaigne
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
xxxxx
#237 Posted : Friday, July 20, 2018 5:04:38 PM
Rank: Member


Joined: 3/20/2008
Posts: 503
Ericsson wrote:
mlennyma wrote:
Angelica _ann wrote:
VituVingiSana wrote:
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]


They failed flat on their bid.

what next?price fall?or price rise as they continue to chase the remaining %


Price will fall with a thump


Time for @vvs and co shareholders in the minority to canvas and avoid being screwed.
Back to top
 Report Abusive | Report SPAM
obiero
#238 Posted : Friday, July 20, 2018 6:29:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,984
Location: nairobi
Ericsson wrote:
mlennyma wrote:
Angelica _ann wrote:
VituVingiSana wrote:
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]


They failed flat on their bid.

what next?price fall?or price rise as they continue to chase the remaining %


Price will fall with a thump

Down is the likely way.. Seaboard likely to wait out the weak shareholders such as @vvs..

KQ ABP 4.48; MTN ABP 5.20
Back to top
WWW
 Report Abusive | Report SPAM
Mastermind
#239 Posted : Friday, July 20, 2018 6:48:56 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,624
Location: Langley
xxxxx wrote:
Ericsson wrote:
mlennyma wrote:
Angelica _ann wrote:
VituVingiSana wrote:
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]


They failed flat on their bid.

what next?price fall?or price rise as they continue to chase the remaining %


Price will fall with a thump


Time for @vvs and co shareholders in the minority to canvas and avoid being screwed.

They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
Back to top
 Report Abusive | Report SPAM
obiero
#240 Posted : Friday, July 20, 2018 6:56:21 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,984
Location: nairobi
Mastermind wrote:
xxxxx wrote:
Ericsson wrote:
mlennyma wrote:
Angelica _ann wrote:
VituVingiSana wrote:
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]


They failed flat on their bid.

what next?price fall?or price rise as they continue to chase the remaining %


Price will fall with a thump


Time for @vvs and co shareholders in the minority to canvas and avoid being screwed.

They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say.

Hahaha.. UML

KQ ABP 4.48; MTN ABP 5.20
Back to top
WWW
 Report Abusive | Report SPAM
Users browsing this topic
Guest (4)
16 Pages«<1011121314>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.