I read NSSF concerns on the effect of the government converting their preferential shares in NBK to ordinary shares. They claim that this could erode the value of their shares by up to 75%. That's HUGE!
I understand that the government also has preferential shares at KPLC and one the things they are going to do in the restructuring is convert them to ordinary shares. Despite this quite a good number of investors (including @vituvingisana @guru & others not neccessarily in Wazua) still remain bullish on this stock. What I'm I missing? Can someone more knowledgeable than me on this issue shed some light. How will this affect the value & price of the stock. I'm planning to get into KPLC in a big way but I'm trying to avoid the herd mentality. Need some more facts. Also can anyone kindly post the EPS for KPLC for the last five years or so.

@ MV - You have used the right words. What I'll get here is advice or more precisely additional information. As a matter of fact, I expect diverse opinions and then I can use my intelligence and research from elsewhere to make my decision. Of course I can't wake up one morning & buy share x just because username y said I should. Not unless I want to be separated with my hard earned cash sooner rather than later. I listen to people's points, weigh in with my own, but the final decision still remains mine.
And by the way, I take what is discussed in wazua more seriously than what I would be told by a random broker or two somewhere. That is why I can't wait to read the views of vituvingi, guru, njung'e and many more wazuarians (still hate that name! but I digress) on this issue.

BTW, I shud say I include dividends & the Rights premium in the 200/-

@ guru - I was requesting for EPS for the last five years.

KPLC was bailed out by the government some while back. I do not know about the details of the debenture. But from what I understood then, KPLC would not be giving any dividends for the period of 10 yrs otherwise they will have to pay interest on the debenture. That is the same reason why NBK does not give dividends. Anyone with the terms and details of that loan? I keep away from it as I kept away from NBK.

@Sparkly - When I get a bus at a bus stop and I don't know where it is going, I don't just let it drive off. I try to find out where it is going and which route it will use and then I make a decision.

When you don't understand something 100%, the first thing is to accept this fact then if it is possible, do what you can to get additional information. If we simply walked away from things we don't understand, then everyone would be very busy walkin away from everything.

I'm trying to understand what effects the KPLC restructuring will have. If & when I feel I have, I will make (an informed) decision.

The ownership of KPLC is bound to change substantially as it emerges that the government has approved a plan to float a massive rights issue that will permit existing shareholders of the company to increase their stakes in the profitable company....more from the east african

@skylat please try and get your facts straight for the sake of wazurians... GOK is currently holds 40% of the ordinary shares which will increase to 75% after the conversion and reduce to about 50% after the rights issue...

the share price will rally significantly as a result of the share split because this is a stock desired by many kenyans but currently out of their reach...

There is something very sinister about this KPLC "restructuring".There is more than meets the eye.A little information is very dangerous!

Both the NBK/KPLC stories in the E African are exactly the same so I think somebody is pusing papers.
Won't buy KPLC anyway...