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Unga limited takeover
Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
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Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares? There is no way I'm taking Sh. 40 willingly. Seeing is believing
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Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
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jawgey wrote:Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?
There is no way I'm taking Sh. 40 willingly. I mean, will I still be paid for my shares? If yes, how will I be paid if not through my broker? Seeing is believing
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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jawgey wrote:Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?
There is no way I'm taking Sh. 40 willingly. Seaboard and victus will screw you nice and proper away from public limelight. 
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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jawgey wrote:Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?
There is no way I'm taking Sh. 40 willingly. The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.] The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
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wukan wrote:jawgey wrote:Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?
There is no way I'm taking Sh. 40 willingly. Seaboard and victus will screw you nice and proper away from public limelight. Sadly that might be the case. Seeing is believing
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Rank: Member Joined: 1/13/2014 Posts: 386 Location: Denmark
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VituVingiSana wrote:jawgey wrote:Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?
There is no way I'm taking Sh. 40 willingly. The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.] The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.] Thanks for the information VVS. Well in that case I have to reevaluate my next step. Seeing is believing
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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jawgey wrote:VituVingiSana wrote:jawgey wrote:Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?
There is no way I'm taking Sh. 40 willingly. The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.] The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.] Thanks for the information VVS. Well in that case I have to reevaluate my next step. A cheque will be done & posted to your last known address once they reach the 90% threshold. Cc. Brokrbond/Unilever & Access Kenya. Wacha tu!!! This is a real accept & move on scenario!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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jawgey wrote:VituVingiSana wrote:jawgey wrote:Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?
There is no way I'm taking Sh. 40 willingly. The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.] The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.] Thanks for the information VVS. Well in that case I have to reevaluate my next step. IF Seaboard + Victus get to 75% and 90%. No easy answers. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/20/2008 Posts: 503
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jawgey wrote:VituVingiSana wrote:jawgey wrote:Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?
There is no way I'm taking Sh. 40 willingly. The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.] The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.] Thanks for the information VVS. Well in that case I have to reevaluate my next step. Actually, me thinks it could have been much much worse. Ask those caught up in Eveready or Express, Merali companies, KQ or even ARMCement. So, if I were you, I'd sell the damn shares and go make money else where. You were already shafted together with all other Wanjikus. CMA/NSE are part of the shafting cartel. Where will you run to???
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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xxxxx wrote:jawgey wrote:VituVingiSana wrote:jawgey wrote:Quick one, what happens if I don't sign the papers and somehow Seaboard gets the necessary threshold to acquire the rest of the shares?
There is no way I'm taking Sh. 40 willingly. The first threshold to cross is 75%. [Seaboard & Victus might be in a position to start the delisting process but do you want to remain a minority in a delisted entity in which your friends the Ndegwas control 50%+1? These are the same people who sold shitty Ennsvalley to Unga at a crazy high price. I do not think EV makes a profit.] The second threshold to cross is 90%. [Seaboard can force you to accept their 40/- per share. End of story.] Thanks for the information VVS. Well in that case I have to reevaluate my next step. Actually, me thinks it could have been much much worse. Ask those caught up in Eveready or Express, Merali companies, KQ or even ARMCement. So, if I were you, I'd sell the damn shares and go make money else where. You were already shafted together with all other Wanjikus. CMA/NSE are part of the shafting cartel. Where will you run to??? The KQ case is the saddest
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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An interesting question: What if Seaboard doesn't get to 75%? [Remember BOC and Carbacid] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/6/2008 Posts: 199
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Angelica _ann wrote:VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. what next?price fall?or price rise as they continue to chase the remaining % "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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mlennyma wrote:Angelica _ann wrote:VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. what next?price fall?or price rise as they continue to chase the remaining % Price will fall with a thump Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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@vvs must be celebrating with champaigne Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/20/2008 Posts: 503
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Ericsson wrote:mlennyma wrote:Angelica _ann wrote:VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. what next?price fall?or price rise as they continue to chase the remaining % Price will fall with a thump Time for @vvs and co shareholders in the minority to canvas and avoid being screwed.
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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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Ericsson wrote:mlennyma wrote:Angelica _ann wrote:VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. what next?price fall?or price rise as they continue to chase the remaining % Price will fall with a thump Down is the likely way.. Seaboard likely to wait out the weak shareholders such as @vvs..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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xxxxx wrote:Ericsson wrote:mlennyma wrote:Angelica _ann wrote:VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. what next?price fall?or price rise as they continue to chase the remaining % Price will fall with a thump Time for @vvs and co shareholders in the minority to canvas and avoid being screwed. They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say. 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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Rank: Elder Joined: 6/23/2009 Posts: 13,515 Location: nairobi
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Mastermind wrote:xxxxx wrote:Ericsson wrote:mlennyma wrote:Angelica _ann wrote:VituVingiSana wrote:An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid] They failed flat on their bid. what next?price fall?or price rise as they continue to chase the remaining % Price will fall with a thump Time for @vvs and co shareholders in the minority to canvas and avoid being screwed. They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say. Hahaha.. UML
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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