Dumped my rights today at 0.70, so a post rights price of 16.20 ceteris paribus will be OK for me. Lower will be a gain.

Chief,

The problem is there is no business plan here. Mortgages and sending money to flog Tz and Ug operations don't amount to a meaningful business plan.

MJ would have gotten money then, ARM and Kengen easily raised money because they had tangible business plans. All investors want is a sound business plan, not the size of the balance sheet and regional presence.

@Kausha,

That's not what i get from the posts above its more like most wazuarians don't doubt the future of KCB they just don't want to provide the capital but will jump in once the capital has been provided. That's where i have a problem.

As for KCB you have to throw money into mortgages not for retail buyers but the big property developers who then resell to retail buyers. I think that where KCB is headed looking at what they have done with GOSS in juba. For the record am not endorsing their business plan as solid but KCB took in too much deposits straining its ratios so there is a lot of funds to free up for onward lending.

As ARM this share was a measly 11-16/- before the Actis put in funds to clean its processes. Kengen got capital because they offered a high rate of return for the bond 12.5%(very expensive if you ask me) I don't think they would have done better if they had done equity.
As for MJ remember a SIM card in that year was almost 2500/-

Say you have 1000 rights. Sell 900 rights. In your PAL, purchase the 100 shares remaining in your rights (partial acceptance of new shares). Then also purchase 900 additional shares together with the 100. Am I missing something or is this a cow waiting to be milked?

@qw... Actually fund managers have entered into KCB quarter way and are waiting for the results... There is no way they can sit fully on the sidelines with a fair chance of an oversubscription