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Kenya airways Right Issue
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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IFC has opted to avoid the rump investors route and bought rights from market“Among the key non-shareholders who bought rights is the International Finance Corporation, which acquired 2.5 million rights and subsequently applied for 140.5 million additional shares.” KQ said This would mean that IFC’s purchase, which is equivalent to 10 per cent of the 1.4 billion shares on offer, will raise the guaranteed uptake to 59 per cent of the Sh20.7 billion cash call.
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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mwekez@ji wrote:IFC has opted to avoid the rump investors route and bought rights from market“Among the key non-shareholders who bought rights is the International Finance Corporation, which acquired 2.5 million rights and subsequently applied for 140.5 million additional shares.” KQ said This would mean that IFC’s purchase, which is equivalent to 10 per cent of the 1.4 billion shares on offer, will raise the guaranteed uptake to 59 per cent of the Sh20.7 billion cash call. Uwongo. IFC bought ONLY 2.5mn Rights so they still need to 'apply' for the additional 140.5mn shares which could be through 'Rump' applications Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote:mwekez@ji wrote:IFC has opted to avoid the rump investors route and bought rights from market“Among the key non-shareholders who bought rights is the International Finance Corporation, which acquired 2.5 million rights and subsequently applied for 140.5 million additional shares.” KQ said This would mean that IFC’s purchase, which is equivalent to 10 per cent of the 1.4 billion shares on offer, will raise the guaranteed uptake to 59 per cent of the Sh20.7 billion cash call. Uwongo. IFC bought ONLY 2.5mn Rights so they still need to 'apply' for the additional 140.5mn shares which could be through 'Rump' applications Boss, mi si muongo, unaniekelea Check: Application for Additional Shares under clause 6.16
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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why is the stock rallying as we near end of rights issue ?
that could be a sign the rights will be a success.
am off to the broker . hii mbus looks like its gonna go up !
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:VituVingiSana wrote:mwekez@ji wrote:IFC has opted to avoid the rump investors route and bought rights from market“Among the key non-shareholders who bought rights is the International Finance Corporation, which acquired 2.5 million rights and subsequently applied for 140.5 million additional shares.” KQ said This would mean that IFC’s purchase, which is equivalent to 10 per cent of the 1.4 billion shares on offer, will raise the guaranteed uptake to 59 per cent of the Sh20.7 billion cash call. Uwongo. IFC bought ONLY 2.5mn Rights so they still need to 'apply' for the additional 140.5mn shares which could be through 'Rump' applications Check: Application for Additional Shares under clause 6.16 of the IM ...plus the defination of Eligible Shareholders includes a holder of Rights that have been purchased on the NSE, USE or DSE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Factor to watch today:
Offer for shares in the biggest rights issue in the region, meant to raise KES 20.68 Billions, closes at 3pm.
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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If you note that 50/- is for existing shares to be severely diluted by the Rights Issue, if not taken up Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The rights from hell finally close today with a lacklustre performance. I can hardly wait for the results. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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hisah wrote:The rights from hell finally close today with a lacklustre performance. I can hardly wait for the results. are you sure ?
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Rank: Veteran Joined: 6/2/2010 Posts: 1,066
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I rememebr early last year when yasserbigchair predicted the bear to come... was he lambasted or what. most notably by elder member and veteran member of wazua. But boy was he right!!!!!!
So truth is, no one knows jack! Thats the first thing to know about the markets. NO ONE knows jack!!!!!
KQ rights may just surprise everybody.
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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I got this feeling that KQ will surprise more on profits than rights. A bad day fishing is better than a good day at work
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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StatMeister wrote:I got this feeling that KQ will surprise more on profits than rights. ... reading KQ tea leaves
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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My 2 cents wrote:I rememebr early last year when yasserbigchair predicted the bear to come... was he lambasted or what. most notably by elder member and veteran member of wazua. But boy was he right!!!!!!
So truth is, no one knows jack! Thats the first thing to know about the markets. NO ONE knows jack!!!!!
KQ rights may just surprise everybody. where is that guy a.k.a @ yasserbigchair . he should not come and tell s what to do now .
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote:If you note that 50/- is for existing shares to be severely diluted by the Rights Issue, if not taken up Noted @VVS/*Cold tusker Assuming full subscription, Net Asset Value = KES 22.60 { (23,143,000,000+ 20,680,373,686)/ 1,938,785,032.00}.
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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mwekez@ji wrote:VituVingiSana wrote:If you note that 50/- is for existing shares to be severely diluted by the Rights Issue, if not taken up Noted @VVS/*Cold tusker Assuming full subscription, Net Asset Value = KES 22.60 { (23,143,000,000+ 20,680,373,686)/ 1,938,785,032.00}. those figures are wrong ! . look at page 66 of the big information memorandum book thats where the total liabilities and assets are . and there wont be full subscription
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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QW25091985 wrote:mwekez@ji wrote:VituVingiSana wrote:If you note that 50/- is for existing shares to be severely diluted by the Rights Issue, if not taken up Noted @VVS/*Cold tusker Assuming full subscription, Net Asset Value = KES 22.60 { (23,143,000,000+ 20,680,373,686)/ 1,938,785,032.00}. those figures are wrong ! . look at page 66 of the big information memorandum book thats where the total liabilities and assets are . and there wont be full subscription @QW, you really need lessons in Fundamental Analysis Those figures are right and they are just under your nose but you are unable to interprete them (on that page 66 and clause 6.7 (Pertinent Financial Data) on page 26-27)
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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mwekez@ji wrote:QW25091985 wrote:mwekez@ji wrote:VituVingiSana wrote:If you note that 50/- is for existing shares to be severely diluted by the Rights Issue, if not taken up Noted @VVS/*Cold tusker Assuming full subscription, Net Asset Value = KES 22.60 { (23,143,000,000+ 20,680,373,686)/ 1,938,785,032.00}. those figures are wrong ! . look at page 66 of the big information memorandum book thats where the total liabilities and assets are . and there wont be full subscription @QW, you really need lessons in Fundamental Analysis Those figures are right and they are just under your nose but you are unable to interprete them (on that page 66 and clause 6.7 (Pertinent Financial Data) on page 26-27) amnt a fundamentalist but somethings are too obvious . NAV per share = (total assets – total liabilities) / total number of shares."
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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