Wazua
»
Investor
»
Stocks
»
Standard Chartered Rights Issue...............
Rank: Elder Joined: 5/27/2008 Posts: 3,760
|
ksh 245 today. Where is this one running to? Might make the rights price expensive. 
|
|
|
Rank: Veteran Joined: 6/17/2009 Posts: 1,619
|
I am enjoying the ride on this one,still the lowest per among the big banks and first quarter growth was superb.
@GG,i think any price less than 150 which is what i expect will be very cheap.
|
|
|
Rank: Member Joined: 9/26/2006 Posts: 410 Location: CENTRAL PROVINCE
|
I am bullish on this stock and expect the price to approach the Ksh 270 range once the 1st Half 2010 results and the rights issue details are announced (Refer to my earlier post on Playing the Market; A New Year Resolution)
Currently trading at a P/E of 14.3, it is cheaper than Backlays at a P/E 15.33. This is despite the fact that the company announced a 39% Q1 rise in profits.
The impending rights issue for 27M additional shares looks likely to be at a 1:10 offer and at an attractive price if the target Ksh 2.5B is maintained.
The company also has a habit of issuing interim dividends at the half year mark.
A 10% capital gain is possible within the next two weeks.
Happy hunting.
|
|
|
Rank: Veteran Joined: 6/17/2009 Posts: 1,619
|
@stocksmaster,and a dividend yield above 5%,comparable only to BAT.
|
|
|
Rank: Elder Joined: 5/27/2008 Posts: 3,760
|
250 and still galloping, be still my beating heart.....
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
Gordon Gekko wrote:250 and still galloping, be still my beating heart..... Hmmm....dude jes realized, we invest in pretty much the same counters. Started off wid kenol when we were screaming our heads off when it was in the sub-50 levels. Now into this. Yep I bought into this at 200-220 levels. Waiting on rights. Worked it out at 93 bob
|
|
|
Rank: Elder Joined: 5/27/2008 Posts: 3,760
|
@horton, don't tell me you are also waiting for SASN and MSC to shoot through the stratosphere in Sep/Oct, and made a bad call getting into KQ at 54 at the prompting of @vvs?
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,136 Location: Nairobi
|
Gordon Gekko wrote:@horton, don't tell me you are also waiting for SASN and MSC to shoot through the stratosphere in Sep/Oct, and made a bad call getting into KQ at 54 at the prompting of @vvs? Just as an FYI... I too bought KQ... Mea Culpa on that one! Well, I just hope post-Referendoom & the release of 1Q 2010-11 stats helps me out! As for Sasini - I do not do merali shares... I don't even bother with Sasini... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
Gordon Gekko wrote:@horton, don't tell me you are also waiting for SASN and MSC to shoot through the stratosphere in Sep/Oct, and made a bad call getting into KQ at 54 at the prompting of @vvs? Nope got no SASN, bought MSC at 4bob, got out at 11.40. Have no KQ. Only have KK, SCBK, Carbacid & REA
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
Gordon Gekko wrote:ksh 245 today. Where is this one running to? Might make the rights price expensive. Rights will not be a percentage of current price it will be a ratio of what they want to raise, whatever the case, it will be around the 93bob mark. so the price rally really doesnt matter
|
|
|
Rank: Veteran Joined: 8/16/2009 Posts: 994
|
Then @ rights below 100, this will be a true bargain. We need a confirmation though. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
Gatheuzi wrote:Then @ rights below 100, this will be a true bargain. We need a confirmation though. I also calculated the rights price at below 100bob considering what they are raising the capital for then they wouldn't dare offer a higher price Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Elder Joined: 5/27/2008 Posts: 3,760
|
Why should they sell at sub 100 when they can easily get a full subscription at 200?
|
|
|
Rank: Member Joined: 8/25/2006 Posts: 101
|
Selling the rights for under 100 will be robbery. Even if it is just for capital, why not take the extra cash and park it in Govt treasuries until you figure a way to use it just like Equity did with the Helios investment when they parked 10B in govt treasuries for a year until they were able to complete the Uganda purchase and expansion into South Sudan
|
|
|
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
|
gladiator wrote:Selling the rights for under 100 will be robbery. @gladiator robbery against who??? Certainly not the shareholders because i consider the rights below 100 a bargain Mark 12:29
Deuteronomy 4:16
|
|
|
Rank: Member Joined: 8/25/2006 Posts: 101
|
guru267 wrote:gladiator wrote:Selling the rights for under 100 will be robbery. @gladiator robbery against who??? Certainly not the shareholders because i consider the rights below 100 a bargain It is to the shareholders because the new shares affect the value of the old shares (dilutive effect) especially to those shareholders who do not take up the rights. For example, if I have 2 shares currently valued at 250/- and then you introduce a new share at 100/-, all the shares will automatically become worth 200/-. Rights issue prices matter otherwise management would always be doing rights issues for even as low as one 1/- to raise capital. Remember that one tenet for them is to maximize value for all shareholders.
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
gladiator wrote:guru267 wrote:gladiator wrote:Selling the rights for under 100 will be robbery. @gladiator robbery against who??? Certainly not the shareholders because i consider the rights below 100 a bargain It is to the shareholders because the new shares affect the value of the old shares (dilutive effect) especially to those shareholders who do not take up the rights. For example, if I have 2 shares currently valued at 250/- and then you introduce a new share at 100/-, all the shares will automatically become worth 200/-. Rights issue prices matter otherwise management would always be doing rights issues for even as low as one 1/- to raise capital. Remember that one tenet for them is to maximize value for all shareholders. ratio is 1:10 not 1:2
|
|
|
Rank: Veteran Joined: 6/17/2009 Posts: 1,619
|
Its just touched a historical high at 265.At 270 half of my holdings bought at 200 , will gladly part with.Retain the other half and wait for the rights.
|
|
|
Rank: Member Joined: 10/18/2007 Posts: 217
|
Initial plans were to price the rights issue at Ksh 148/= but with the share on the upward move, its likely to be priced at around ksh 175/=
|
|
|
Rank: Elder Joined: 2/10/2007 Posts: 1,587
|
Pals who bought into this security are on top of the moon. what are the fundamentals of Stanchart that have lifted it to such great heights?
|
|
|
Wazua
»
Investor
»
Stocks
»
Standard Chartered Rights Issue...............
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.
|