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AccessKenya takeover offer at 14/=
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mlennyma
#141 Posted : Thursday, July 04, 2013 8:20:14 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
The price wont be 14 but around 16,thats my thinking.
"Don't let the fear of losing be greater than the excitement of winning."
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guru267
#142 Posted : Thursday, July 04, 2013 8:42:49 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mlennyma wrote:
The price wont be 14 but around 16,thats my thinking.


@mlennyma the price of 14 was offered and already accepted by the board and approved by CMA... At the EGM the board will encourage shareholders to approve the deal at 14bob!

They only need 75% shareholder approval..
Mark 12:29
Deuteronomy 4:16
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mlennyma
#143 Posted : Thursday, July 04, 2013 9:13:04 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Then guru explain to me the meaning of some percentages appearing at the end of the article.
"Don't let the fear of losing be greater than the excitement of winning."
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guru267
#144 Posted : Thursday, July 04, 2013 9:34:45 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mlennyma wrote:
Then guru explain to me the meaning of some percentages appearing at the end of the article.


@mlennyma the normal approval rating for special resolutions is 75% of shareholders.. This is if the articles do not state otherwise

So I guess in the case of Access Kenya the threshold is 90% approval rating
Mark 12:29
Deuteronomy 4:16
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mlennyma
#145 Posted : Thursday, July 04, 2013 10:00:57 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
"Dimension also offered AccessKenya
shareholders a premium of over the
volume weighted average price
(VWAP) of AccessKenya’s shares of 55
percent for the 30 day VWAP, 105
percent for the 90 day VWAP, and 155
percent for the 250 day VWAP."

"this was offered above the 14bob or what??somebody elaborate
"Don't let the fear of losing be greater than the excitement of winning."
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guru267
#146 Posted : Thursday, July 04, 2013 10:14:01 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mlennyma wrote:
"Dimension also offered AccessKenya
shareholders a premium of over the
volume weighted average price
(VWAP) of AccessKenya’s shares of 55
percent for the 30 day VWAP, 105
percent for the 90 day VWAP, and 155
percent for the 250 day VWAP."

"this was offered above the 14bob or what??somebody elaborate


All those percentages add up to 14bob!
Mark 12:29
Deuteronomy 4:16
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Hunderwear
#147 Posted : Thursday, July 04, 2013 10:31:13 AM
Rank: Member

Joined: 4/14/2011
Posts: 639
mlennyma wrote:
"Dimension also offered AccessKenya
shareholders a premium of over the
volume weighted average price
(VWAP) of AccessKenya’s shares of 55
percent for the 30 day VWAP, 105
percent for the 90 day VWAP, and 155
percent for the 250 day VWAP."

"this was offered above the 14bob or what??somebody elaborate

It is Above average price of the share for the stated periods not above 14 bob
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VituVingiSana
#148 Posted : Thursday, July 04, 2013 10:57:38 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,351
Location: Nairobi
mufasa wrote:
"Dimension also offered AccessKenya shareholders a premium of over the volume weighted average price (VWAP) of AccessKenya’s shares of 55 percent for the 30 day VWAP, 105 percent for the 90 day VWAP, and 155 percent for the 250 day VWAP."

@hisah @vvs what does this mean? please decipher. thnx

The VWAP price for (prior) 30 days was (approx) 9/-
The VWAP price for (prior) 90 days was (approx) 6.75/-
The VWAP price for (prior) 250 days was (approx) 4.50/-
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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King G
#149 Posted : Thursday, July 04, 2013 11:00:27 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
VituVingiSana wrote:
mufasa wrote:
"Dimension also offered AccessKenya shareholders a premium of over the volume weighted average price (VWAP) of AccessKenya’s shares of 55 percent for the 30 day VWAP, 105 percent for the 90 day VWAP, and 155 percent for the 250 day VWAP."

@hisah @vvs what does this mean? please decipher. thnx

The VWAP price for (prior) 30 days was (approx) 9/-
The VWAP price for (prior) 90 days was (approx) 6.75/-
The VWAP price for (prior) 250 days was (approx) 4.50/-


the days are the prices of the share from the date the offer was made public!
Thieves
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kollabo
#150 Posted : Thursday, July 04, 2013 11:10:38 AM
Rank: Veteran

Joined: 2/3/2012
Posts: 1,317
VituVingiSana wrote:
EGM in September? When do shareholders get the 14/-? These delays reduce the value of the offer price [time value of money]


If approved the cash will come even further down perhaps in Dec. Will you still bail out at 14/-?
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