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Kenya airways Right Issue
Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Mastermind wrote:mlennyma wrote:This monkey will see 40bob after 10yrs Its already at 40. Source: KTN NSE LIVE LOL, 14/- not 40/- 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: 18,118 Location: Nairobi
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70.06% - Who thinks there was a dash of Kivuitu's special masala added to the pot? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I cant wait to buy this thing at 8-9bob..  Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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KQ rights issue results. The nyau is out of the kiondo. http://rightsissue.kenya...N%20FULL%20Pg.%20Ad.%20(26.6x33.5cm).pdf Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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The total value of the Trades will be less than the commissions paid to SIB BIDS 11,100 Quantity Price Splits Time 400 14.50 1 09:51:15 100 14.20 1 09:51:15 1,400 14.00 1 09:51:15 9,200 13.50 2 09:51:15 - - - - ASKS 163,800 Quantity Price Splits Time 100 14.70 1 09:51:15 1,200 14.80 1 09:51:15 43,500 14.90 3 09:51:15 100,000 14.95 1 09:51:15 2,600 15.00 4 09:51:15 TRADES Quantity Price Time 100 14.70 09:51:11 1,000 14.75 09:37:34 200 14.80 09:37:34 400 14.90 09:37:23 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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I repeat. I have never been interested in owning longhorn.. i was merely pointing out it will not follow the direction of TCL... Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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guru267 wrote:I repeat. I have never been interested in owning longhorn.. i was merely pointing out it will not follow the direction of TCL... Anyway, I find it pricey & wish I could short it... but a pity it's not allowed! What I see is a price that will stagnate since the Sellers are limited while most buyers will stay away unless it goes sub-10 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:guru267 wrote:I repeat. I have never been interested in owning longhorn.. i was merely pointing out it will not follow the direction of TCL... Anyway, I find it pricey & wish I could short it... but a pity it's not allowed! What I see is a price that will stagnate since the Sellers are limited while most buyers will stay away unless it goes sub-10 Even if shorting was allowed, you would still be handicaped coz there are no buyers. For instance, total demand today is 2,300 shares against a supply of 160,000 shares. True, Longhorn belongs to sub 10
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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I would have wanted to see post rights percentage holding of the following groups: 1. Local Institutions 2. Foreign Institutions 3. Local Individuals 4. Foreign Individuals Overall, I see government was forced to take its full entitlement of the rights to save KQ on achieving the minimum subscription rate of 70%. I think KLM was unable to do the same because of the Euro woes. The Euro woes must have also kept other Euroland investors away.
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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http://rightsissue.kenya...20%2826.6x33.5cm%29.pdf
Dreamliner? Cessna?? 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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etihad is boarding, remember?
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Rank: Member Joined: 2/8/2007 Posts: 808
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Could the guy who was in court return because this is surely going sub 10 and perhaps the Honorable judge could see what the guy was saying.
What I find wrong is government breaking rules with impunity. GoK and KLM according to the IM were to participate relative to the performance of the market so that they retain their 23% and 27% shareholding respectively. KLM as you would expect has kept their end of their bargain. GoK on the other hand didn't think it was good manners to amend the IM before adding more money. This impunity being brought to the market can only send the markets to the basement.
I wonder what the KQ advisor must be thinking now. They surely were off tangent to think they would raise 70% when all the news coming from Tito's desk has been non exciting.
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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mwekez@ji wrote:VituVingiSana wrote:guru267 wrote:I repeat. I have never been interested in owning longhorn.. i was merely pointing out it will not follow the direction of TCL... Anyway, I find it pricey & wish I could short it... but a pity it's not allowed! What I see is a price that will stagnate since the Sellers are limited while most buyers will stay away unless it goes sub-10 Even if shorting was allowed, you would still be handicaped coz there are no buyers. For instance, total demand today is 2,300 shares against a supply of 160,000 shares. True, Longhorn belongs to sub 10 Well, there is always a sucker! My concern would be the Short Squeeze! 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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this will reduce the dilution slightly. but the fate remains the same. it seems that everyone other than gov. klm ifc shunned the/their rights 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: 18,118 Location: Nairobi
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Kausha wrote:Could the guy who was in court return because this is surely going sub 10 and perhaps the Honorable judge could see what the guy was saying.
I think the judge erred & will probably 'defend' his position however silly it is. The quality of judges for business matters is lacking. Vetting required.
What I find wrong is government breaking rules with impunity. GoK and KLM according to the IM were to participate relative to the performance of the market so that they retain their 23% and 27% shareholding respectively. KLM as you would expect has kept their end of their bargain. GoK on the other hand didn't think it was good manners to amend the IM before adding more money. This impunity being brought to the market can only send the markets to the basement.
CMA giving exemptions like candy.
I wonder what the KQ advisor must be thinking now. They surely were off tangent to think they would raise 70% when all the news coming from Tito's desk has been non exciting. The 'advisor' does not care. It will still make KES 70mn from GoK as well as KLM & IFC. Payment in cash not shares!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/8/2007 Posts: 808
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@VVS you crack me up man, ati CMA handing out exemptions like candy. I agree we need lawyers with serious commercial knowledge and practice experience in the commercial courts as judges otherwise we will be stuck in limbo for quite sometime. It's one thing to have a functional judiciary but it is also another to have it properly resourced with sufficient skill.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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So the rights from hell were only 70% subscribed with gok putting up a plastic smile... Sub 10 it is... I hope the new pilot won't bailout once the rights volume floods in. For all passengers still onboard, follow the crash landing signals on the cabin display since there's no cabin crew. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Looking at how the rights were taken up:
GOK - 23%
KLM - 19%
IFC - 10%
Others - 18%
Total - 70%
Am wondering who are the 'others' who took up 18% but i can almost tell for sure its not wanjiku. so if the others are local and foreign institutional investors in equal proportions, the post rights shareholding structure would be:
1. Local Institutions - 43.22%
2. Foreign Institutions - 49.73%
3. Local Individuals - 6.83%
4. Foreign Individuals - 0.22%
Individual investors/Wankiku gets diluted a whopping 69.20%!!! And they are still selling at 14 and likely all the way to single digit. The institutionals will be buying wanjiku. When Wanjiku is done with capitulating, then BOOM, institutional will ride the BULL all the way to ....
Poor Wanjiku!
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