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Kplc restructure plan out
Rank: Chief Joined: 1/3/2007 Posts: 18,219 Location: Nairobi
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There was a presentation by the CEO discussing the issues during the launch... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:There was a presentation by the CEO discussing the issues during the launch... and....what did he say, what were the issues... The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,219 Location: Nairobi
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Aguytrying wrote:VituVingiSana wrote:There was a presentation by the CEO discussing the issues during the launch... and....what did he say, what were the issues... Bwana! Unanisumbua  I listed what I remembered in the earlier post... BTW, informally it was whispered they are not worried about an under-subscription. Seems NSSF wants a huge chunk & might be sold a huge chunk of the Rights by GoK. Note that 50% underwritten by Equity/Centum [40%/10%] as well as EB is offering loans through EIB. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:There was a presentation by the CEO discussing the issues during the launch... and....what did he say, what were the issues... Bwana! Unanisumbua I listed what I remembered in the earlier post... BTW, informally it was whispered they are not worried about an under-subscription. Seems NSSF wants a huge chunk & might be sold a huge chunk of the Rights by GoK. Note that 50% underwritten by Equity/Centum [40%/10%] as well as EB is offering loans through EIB. clearly im not following, ive let it go. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 8/17/2010 Posts: 116
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2012 wrote:Aguytrying wrote:This is getting more interesting as it unfolds. What i want to know now is how much the rights will be going for? nobody knows this yet. Either way anybody buying the share for less than 22.00 is getting a real discount. if the rights trade at level the 2012 is saying(1-2 bob), this will be epic. If the mkt rate will be @22/- and below then the right should not go for more than 50cts. When i told to Sell @ 238 & apply for additional right or buy right from market, some one told me iam confusing people / very cheap logic / every counter is not KCB.etc.. etc.. Now you realise i was right after loosing 60 bob per share.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Is there anyone who believes like I have always believed that this issue will be undersubscribed?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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the rights will be oversubscribed no doubt about it...Long Long Long term investors should bottom pick this one but they need to sought out my power bill first...its -2500 Ksh i think they owe me?
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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deal, I don't think investors will have to wait ''long long long'' to get returns from KPLC GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,219 Location: Nairobi
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LOL... @GG - We need to make a bet... If it is undersubscribed I will buy you a beer for every 1mn it is undersubscribed... If it is oversubscribed you buy my buddy @thedeal a beer for every 1mn oversubscribed... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@vvs, I see you are putting your cash where your throat is..... So this will be in Windhoek? I seem to like what the clairvoyant @yass.... seems to be saying regarding KPLC. BTW I don't own any KPLC and will look to buy some on the market. I'm targeting 20-21, I think sub 19.50 might be optimistic, but if the Scon experience is anything to go buy, people are going to load up using equity loans and sell at a loss to cover the interest charges.
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Rank: Chief Joined: 1/3/2007 Posts: 18,219 Location: Nairobi
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Gordon Gekko wrote:@vvs, I see you are putting your cash where your throat is..... So this will be in Windhoek? I seem to like what the clairvoyant @yass.... seems to be saying regarding KPLC. BTW I don't own any KPLC and will look to buy some on the market. I'm targeting 20-21, I think sub 19.50 might be optimistic, but if the Scon experience is anything to go buy, people are going to load up using equity loans and sell at a loss to cover the interest charges. @GG - Whether folks borrow or beg for the cash... are you in? If yes, let's define the parameters... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/19/2006 Posts: 118 Location: Mombasa
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If you have KPLC shares you should sell them to make that remaining gains, kabla haijafika CHINI YA 19/- ZUBAA UCHEKWE! Sound that I love most: Is the ringing bell of Stock Market.
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Rank: Chief Joined: 1/3/2007 Posts: 18,219 Location: Nairobi
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yaserbigchair wrote:If you have KPLC shares you should sell them to make that remaining gains, kabla haijafika CHINI YA 19/-
ZUBAA UCHEKWE! I challenge you! Right here, right now... Put up or Shut up... So let's pick a timeframe or date... I say that KPLC will not fall to below 19/- by 30th March 2011... Is that enough time for you? Now what do you want if you win... & I get if you lose? [Also we should use VWAP not a single/few trade which can be manipulated] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,219 Location: Nairobi
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Good news for Kenya & KPLC though 2-3 years away... http://www.nation.co.ke/.../1/-/vhcr5g/-/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/27/2010 Posts: 324 Location: nrb
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during rights period anything is possible with kplc, remember the mother ministry(energy) is known for all kinds of shady deals. I have said here before, big player/individuals acquiring the govt rights at the basic/bargain price would not be unusual, because a 20% gain shortly after the exercise will be very normal. there are pple who trade stocks only when these kinds of situations arise, so they stake out for it.
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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@alikujia, Methinks the underwritting is meant to cover the shady deals in the game plan. They should have thought of the 'green shoe' instead but pple have to use the opportunity to make money. The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Underwriting is insurance to guard against an undersubscription. How will this stop any sheninagans? It is however worth noting that Equity is only underwriting 50% and not the full 100%. Does that mean they are not too confident and just wish to be cautious?
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Gordon Gekko wrote:It is however worth noting that Equity is only underwriting 50% and not the full 100%. Does that mean they are not too confident and just wish to be cautious? It is because they are sure the rights will be at least 50% subscribed by shareholders Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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There is no way KPLC is going to 19/= unless some very unusual events were to occur. Such would fall under the "force majeure" realm of circumstances e.g. one of the major power installations being unable to operate for a lengthy period of time.
VVS, I wish to be enjoined on the bet - my bet being that KPLC will NOT fall to 19/= or below between now and 31st March 2011. Who is monitoring the wagers?
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Gordon Gekko wrote:Underwriting is insurance to guard against an undersubscription. How will this stop any sheninagans? It is however worth noting that Equity is only underwriting 50% and not the full 100%. Does that mean they are not too confident and just wish to be cautious? I am sure the Equity Bank/Centum consortium would only have been too happy to underwrite the whole issue. After all having analysed it, I am sure they are certain that it will be fully subscribed.Hence they stand to make "free" money. In any event, if it is not fully subscribed they stand to make even more by actually taking up the rights and selling them within the next 12 months. I will be upping my stakes (Centum and EB) in these two institutions so that I can share in the windfall. KPLC would not however countenance a 100% underwriting as it would indicate lack of confidence in the market taking up the rights. In my view, even having it underwritten 50% was a bit dumb.
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Kplc restructure plan out
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