Wazua
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A concern on KCB Rights Issue
Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi
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can a company stop its share price from falling.. theoretically speaking
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Wa_ithaka wrote:2012-apologies in advance for your hurt feelings, but if you are a current KCB shareholder and you are asking what does it mean if shareholders refuse the rights, I guess you shouldn't have bought the KCB shares (or any other shares for the matter). @waithaka. I'm not a shareholder of KCB and I've never considered it. I'm just wondering what the management was thinking putting the issue price at 17/-? Now that their master plan for growth might not work out, what options do they have since borrowing the money is not a good option?
BBI will solve it :)
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Are we shooting the wrong person? Who are the transaction advisors? Who is in the team? Have they earned their keep? When the shares for the rights were reduced didn't somebody stand back and review?
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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@ GORDON, valid question, KCB is so going down, i think they should call off the rights issue even if it means losses, the stock is going to trade below the rights price, if the offer goes ahead. my take 13-16 is the range. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Chief Joined: 1/3/2007 Posts: 18,135 Location: Nairobi
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If this Rights 'fails' i.e. less than stellar performance... the share price will tank! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:If this Rights 'fails' i.e. less than stellar performance... the share price will tank! Trully disastrous for this company... For those who can't stomach heavy losses... time to get out and take cover. For the preditors ... we wait and watch. Think i will realise my profits in cfc and put them in KCB. Life is short. Live passionately.
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Rank: Member Joined: 2/20/2007 Posts: 359
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Mind made up...come monday, am taking up rights and applying for more thanks to the mass fear here. Those doing same, are you buying the extra rights directly through KCB or through ur broker? What is the difference in transaction costs vis-a-vis these two avenues?
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Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi
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to all and sundry, your pophecies of doom came to naught as the KCB share price has never dipped below seventeen. so, guess what, the rights issue will be a success! an over subsricption to be exact
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Anybody figured out who bought the massive rights? Could it be an Asian bank (say China Farmers which is currently raising $2B to fund expansion)?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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obiero wrote:to all and sundry, your pophecies of doom came to naught as the KCB share price has never dipped below seventeen. so, guess what, the rights issue will be a success! an over subsricption to be exact Common sense...05-08-2010...they will announce the results of the rights issue..for now its to early to call others prophets of doom coz an under subscription can still send the price tumbling down...GOK never sold all its rights...
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Rank: Member Joined: 2/20/2007 Posts: 359
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.. hayo ya what will happen sasa hayanihusu... anyone to pls answer my simple query?
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Rank: Elder Joined: 6/23/2009 Posts: 13,568 Location: nairobi
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at skylat. you apply for additional shares through ur PAL form that i believe goes thru KCB. buying from the secondary market at current prices may not make economic sense
COOP 70,000 ABP 15.20; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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slykat,
I am with you on taking the rights. I have made something in cfc and will re-invest all in KCB. Next I will wait for BOC to explode. Saw some signs during the week. I am applying for the rights through my broker. That is where I have money.
Coming October we will be riding over 30% price appreciations
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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@pkoli. I cnt agree with u more. Bytheway i want it to stabilize for a little longer i add more kcb . At the deal your prediction skills ar lackin. Hahahaha ....and w/ the +ve feedback frm brokers u might also get in now ..... Your future depends on your dreams so go to sleep !
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A concern on KCB Rights Issue
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