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A concern on KCB Rights Issue
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obiero
#21 Posted : Monday, June 21, 2010 7:17:34 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
can a company stop its share price from falling.. theoretically speaking
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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2012
#22 Posted : Monday, June 21, 2010 7:17:40 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Wa_ithaka wrote:
2012-apologies in advance for your hurt feelings, but if you are a current KCB shareholder and you are asking what does it mean if shareholders refuse the rights, I guess you shouldn't have bought the KCB shares (or any other shares for the matter).


@waithaka. I'm not a shareholder of KCB and I've never considered it. I'm just wondering what the management was thinking putting the issue price at 17/-? Now that their master plan for growth might not work out, what options do they have since borrowing the money is not a good option?

BBI will solve it :)
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Gordon Gekko
#23 Posted : Monday, June 21, 2010 10:25:33 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Are we shooting the wrong person? Who are the transaction advisors? Who is in the team? Have they earned their keep? When the shares for the rights were reduced didn't somebody stand back and review?
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kyt
#24 Posted : Tuesday, June 22, 2010 1:15:01 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
@ GORDON, valid question, KCB is so going down, i think they should call off the rights issue even if it means losses, the stock is going to trade below the rights price, if the offer goes ahead. my take 13-16 is the range.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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VituVingiSana
#25 Posted : Tuesday, June 22, 2010 10:23:26 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,439
Location: Nairobi
If this Rights 'fails' i.e. less than stellar performance... the share price will tank!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#26 Posted : Tuesday, June 22, 2010 5:09:51 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
If this Rights 'fails' i.e. less than stellar performance... the share price will tank!


Trully disastrous for this company...

For those who can't stomach heavy losses... time to get out and take cover.

For the preditors ... we wait and watch. Think i will realise my profits in cfc and put them in KCB.
Life is short. Live passionately.
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slykat
#27 Posted : Saturday, July 17, 2010 6:40:20 PM
Rank: Member

Joined: 2/20/2007
Posts: 359
Mind made up...come monday, am taking up rights and applying for more thanks to the mass fear here. Those doing same, are you buying the extra rights directly through KCB or through ur broker? What is the difference in transaction costs vis-a-vis these two avenues?
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  | | Edit by user: Saturday, July 17, 2010 6:53 PM | Reason: Not specified
obiero
#28 Posted : Saturday, July 17, 2010 7:09:24 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
Location: nairobi
to all and sundry, your pophecies of doom came to naught as the KCB share price has never dipped below seventeen. so, guess what, the rights issue will be a success! an over subsricption to be exact
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Gordon Gekko
#29 Posted : Saturday, July 17, 2010 7:19:59 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Anybody figured out who bought the massive rights? Could it be an Asian bank (say China Farmers which is currently raising $2B to fund expansion)?
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the deal
#30 Posted : Saturday, July 17, 2010 7:24:43 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
obiero wrote:
to all and sundry, your pophecies of doom came to naught as the KCB share price has never dipped below seventeen. so, guess what, the rights issue will be a success! an over subsricption to be exact


Common sense...05-08-2010...they will announce the results of the rights issue..for now its to early to call others prophets of doom coz an under subscription can still send the price tumbling down...GOK never sold all its rights...
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  | | Edit by user: Saturday, July 17, 2010 7:27 PM | Reason: Not specified
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