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DTB Rights Issue
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mwekez@ji
#1 Posted : Monday, February 03, 2014 10:55:03 AM
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muganda
#2 Posted : Monday, February 03, 2014 11:55:27 AM
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Impressive the purpose and determination in the announcement, but then the market is falling.

Increase of authorized share capital by 20% to 1.2bn
Rights issue of 22mn shares at ____ to raise ... (my guess about 150/= to raise say 3.3bn)
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hisah
#3 Posted : Monday, February 03, 2014 12:09:32 PM
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The question is will PPT come out strongly if the index sinks to 4600 level? A number of IPOs were planned for float this year. IPOs as well as rights issues with a sinking markets don't mix. Remember britank and TCL back in 2011... KQ in 2012...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#4 Posted : Monday, February 03, 2014 12:15:12 PM
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Very small Rights Issue...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#5 Posted : Monday, February 03, 2014 1:45:20 PM
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Mastermind
#6 Posted : Monday, February 03, 2014 7:19:51 PM
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@The deal was spot on.
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.
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mwekez@ji
#7 Posted : Wednesday, February 05, 2014 9:16:06 AM
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Clearly, this rights issue is set for oversubscription >>> http://www.businessdailyafrica..../-/1073pphz/-/index.html
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snipermnoma
#8 Posted : Wednesday, February 05, 2014 4:19:37 PM
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Market may be in a lull the last few weeks but this is a small rights issue which will be fully subscribed.
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kyt
#9 Posted : Friday, April 25, 2014 5:47:30 PM
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was this rights issue ever announced?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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jerry
#10 Posted : Friday, April 25, 2014 9:47:12 PM
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kyt wrote:
was this rights issue ever announced?

Muthaura still the CMA boss?
The opposite of courage is not cowardice, it's conformity.
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mwekez@ji
#11 Posted : Wednesday, June 18, 2014 5:22:53 PM
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muganda wrote:
Rights issue of 22mn shares at ____ to raise ... (my guess about 150/=)


Good guess. Set at 165/=
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mwekez@ji
#12 Posted : Thursday, June 19, 2014 10:46:55 AM
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How did it work out in 2012 for those who bought a minimum 100 shares from market inorder to qualify for rights but applied for a load more rights?
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vastcapital
#13 Posted : Thursday, June 19, 2014 12:01:12 PM
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hisah wrote:
The question is will PPT come out strongly if the index sinks to 4600 level? A number of IPOs were planned for float this year. IPOs as well as rights issues with a sinking markets don't mix. Remember britank and TCL back in 2011... KQ in 2012...



NBK too has a rights issue planned for the Q3 for 10B with the mkt as it is...
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Aguytrying
#14 Posted : Thursday, June 19, 2014 12:38:39 PM
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mwekez@ji wrote:
How did it work out in 2012 for those who bought a minimum 100 shares from market inorder to qualify for rights but applied for a load more rights?


Check out the SIB morning brief for today. In general its hard to get the rights. Im planning to buy the shares in the market, during the period of uncertainty and dilution Pray
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#15 Posted : Thursday, June 19, 2014 12:48:19 PM
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what would be a reasonable price to sell/buy the rights?
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#16 Posted : Thursday, June 19, 2014 2:22:59 PM
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Aguytrying wrote:
mwekez@ji wrote:
How did it work out in 2012 for those who bought a minimum 100 shares from market inorder to qualify for rights but applied for a load more rights?


Check out the SIB morning brief for today. In general its hard to get the rights. Im planning to buy the shares in the market, during the period of uncertainty and dilution Pray


Gracias. Noted.
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Aguytrying
#17 Posted : Friday, June 20, 2014 11:42:12 AM
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mwekez@ji wrote:
Aguytrying wrote:
mwekez@ji wrote:
How did it work out in 2012 for those who bought a minimum 100 shares from market inorder to qualify for rights but applied for a load more rights?


Check out the SIB morning brief for today. In general its hard to get the rights. Im planning to buy the shares in the market, during the period of uncertainty and dilution Pray


Gracias. Noted.


I'm thinking of buying the rights off the sellers . I noticed at one time, the of rights trading price can do a plunge! if I can get at 35 I consider that fair. 165+35=200

also the share price will plunge during moments of uncertainty another point to strike.
say 190-225

also there's always the buying 100 shares and applying for many rights to be distributed on a pro rata basis. with this method you can get a 22% of what u order if like last time. average can approach 165 depending on how many you apply for.

then when new shares start trading the share will be depressed for a while before the rally. 190-230.

with those prices in mind one can know when to strike.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#18 Posted : Friday, June 20, 2014 2:48:11 PM
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What does pro-rata mean?

The rights are shared out according to shareholding of the applying shareholder?

or

The rights are shared out according to the number of extra shares applied for per shareholder?

Here are the previous results

https://www.nse.co.ke/li...cluded-rights-issue-2012
The investor's chief problem - and even his worst enemy - is likely to be himself
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snipermnoma
#19 Posted : Tuesday, June 24, 2014 1:05:18 PM
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So this thing has hit Kes. 280 in today's trading. Looks like the Kes. 165 rights issue price has caused a rally.
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kyt
#20 Posted : Tuesday, June 24, 2014 1:10:02 PM
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@sniper, today is the registry closure, people are struggling to get in
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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