Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:Ericsson wrote:xxxxx wrote:obiero wrote:@obiero continues to hold 80,000 KQ shares at ABP of KES 24.20. The Open Offer better bail me out of the 52% investment loss, underwater currents that are pushing me further from the shore. The current KQ share price is unbelievably low post-restructure.. Actually its currently trading at circa KES 2.70.. While GOK, KQLC and KLM hold their stake at entry level of KES 8.52.. Equilibrium will be achieved via the Open Offer which I am informed by the exchange bar shall likely be on a ratio of 3:1 with a striking price of KES 5. Assuming that I shall be able to defend my full allocation at KES 1,200,000 my revised ABP shall then be circa KES 9.80.. My biggest gamble in life so far My broda, Sell all yo KQ at market, go buy ARMCEMENT and then sit and wait for 10 years. Thank me later 10 years jeez Of some advice that went horribly wrong.. ARM has kicked the proverbial bucket. Meanwhile KQ has become a hung share with virtually no trading due to the Open Offer fiasco. The only way forward for a sensible retail shareholder is to average down at current price incase they believe in a turnaround There are better stocks to average down than KQ shithole and other craps. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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