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Whats Kengen on?
shrewdinvestor
#1 Posted : Tuesday, January 13, 2015 10:52:08 AM
Rank: Member

Joined: 9/12/2014
Posts: 120
Location: Nyali
The sudden jump has caught me unawares.Whats this thing on?
Othelo
#2 Posted : Tuesday, January 13, 2015 10:54:37 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
What suddent jump....... from where to where?
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
shrewdinvestor
#3 Posted : Tuesday, January 13, 2015 11:00:39 AM
Rank: Member

Joined: 9/12/2014
Posts: 120
Location: Nyali
Othelo wrote:
What suddent jump....... from where to where?

From 9.8 to 10.7..
However it has started correcting!
TheGeek
#4 Posted : Tuesday, January 13, 2015 11:22:03 AM
Rank: Member

Joined: 7/3/2014
Posts: 245
shrewdinvestor wrote:
Othelo wrote:
What suddent jump....... from where to where?

From 9.8 to 10.7..
However it has started correcting!


This is a traders stock. Caution is the key word.
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
shrewdinvestor
#5 Posted : Tuesday, January 13, 2015 11:43:09 AM
Rank: Member

Joined: 9/12/2014
Posts: 120
Location: Nyali
All the same,I am boarding this counter any time soon..I hear they have something cooking before the first quarter.Definitely,its a buy for me,before the price skyrockets,hence my surprise at the sudden rise.
guru267
#6 Posted : Tuesday, January 13, 2015 12:43:00 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
shrewdinvestor wrote:
All the same,I am boarding this counter any time soon..I hear they have something cooking before the first quarter.Definitely,its a buy for me,before the price skyrockets,hence my surprise at the sudden rise.


What I don't get is how they will raise Kes 50Billion in a rights issue with only 2.2Billion shares!

Massive dilution coming up here...
Mark 12:29
Deuteronomy 4:16
Kenyan Oracle
#7 Posted : Tuesday, January 13, 2015 12:49:31 PM
Rank: Member

Joined: 5/31/2011
Posts: 262
guru267 wrote:
shrewdinvestor wrote:
All the same,I am boarding this counter any time soon..I hear they have something cooking before the first quarter.Definitely,its a buy for me,before the price skyrockets,hence my surprise at the sudden rise.


What I don't get is how they will raise Kes 50Billion in a rights issue with only 2.2Billion shares!

Massive dilution coming up here...



Happy new year Madam Guru. nice to hear from you
You lose money chasing women, but you never lose women chasing money - NAS
Ericsson
#8 Posted : Tuesday, January 13, 2015 1:52:33 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
@guru267
The ksh.50billion will be raised easily since gava will defend it's share.
Gava raises ksh.35bn by converting the ksh.28bn they have loaned kengen and then raise the ksh.7bn in cash.
Other investors will be expected to raise ksh.15bn which will not be a tall order.
Most likely they will issue 5bn additional shares at ksh.10 to raise the amount
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
shrewdinvestor
#9 Posted : Tuesday, January 13, 2015 2:00:03 PM
Rank: Member

Joined: 9/12/2014
Posts: 120
Location: Nyali
@Veteran,you surely deserve an award from the wazua fraternity for being so on point as well as sorting us n various sticky issues such as those!We are grateful!
guru267
#10 Posted : Tuesday, January 13, 2015 2:10:51 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Ericsson wrote:
@guru267
The ksh.50billion will be raised easily since gava will defend it's share.
Gava raises ksh.35bn by converting the ksh.28bn they have loaned kengen and then raise the ksh.7bn in cash.
Other investors will be expected to raise ksh.15bn which will not be a tall order.
Most likely they will issue 5bn additional shares at ksh.10 to raise the amount


So we are looking at 7Billion shares in total after all is said and done Sad

After this kind of dilution they will have to earn a net profit of Kes 8Billion to earn the 2014 EPS Sad Sad
Mark 12:29
Deuteronomy 4:16
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