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AccessKenya takeover offer at 14/=
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Siringi
#251 Posted : Saturday, July 27, 2013 5:42:35 AM
Rank: Elder

Joined: 6/8/2013
Posts: 2,517
mlennyma wrote:
But remember the true value of ak as at now is less than 3b

I most respectful beg to differ there is a lot of manipulation in some of these stock prices how does one explain KQ 120 high to lows of 9Sad or Safaricom 7 to 2.9 back to seven. There is need for a thread to discuss valuations capitalization share price and true value of some of these companies
please dont bring in Modgliani and Miller i will doze just explain in Wanjiku English
"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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Angelica _ann
#252 Posted : Saturday, July 27, 2013 9:39:22 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
If they dont get the 75% threshold, will the trading suspension be lifted?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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dunkang
#253 Posted : Saturday, July 27, 2013 10:01:09 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
If were a shareholder, i would just take the money. If you refuse, and share resumes trading, it will MOST PROBABLY return to 6-8 ranges that it has been. Its just prudent that you take the money now and do something else with it!
Receive with simplicity everything that happens to you.” ― Rashi

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Jamani
#254 Posted : Saturday, July 27, 2013 10:16:52 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
dunkang wrote:
If were a shareholder, i would just take the money. If you refuse, and share resumes trading, it will MOST PROBABLY return to 6-8 ranges that it has been. Its just prudent that you take the money now and do something else with it!


Where is prudence in buying a share at 35 and selling at 14? I would say its only prudent to deny DD 75% and vote no to delisting. Let them buy the 74% have it listed on the NSE and market forces will push the price to its true value. Where one can make a prudent decision and not a board room directed decision or prudence
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Jamani
#255 Posted : Saturday, July 27, 2013 10:31:05 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Siringi wrote:
mlennyma wrote:
But remember the true value of ak as at now is less than 3b

I most respectful beg to differ there is a lot of manipulation in some of these stock prices how does one explain KQ 120 high to lows of 9Sad or Safaricom 7 to 2.9 back to seven. There is need for a thread to discuss valuations capitalization share price and true value of some of these companies
please dont bring in Modgliani and Miller i will doze just explain in Wanjiku English


Question we should be asking ourselves what made AK drop from 35 to somewhere around 4.40? Remember some analogue directors making noise about fibre, (alledging somens eat something), meetings on emails etc then market reacted due to noise, resignations, decline in profits and no dividends, then somens started buying back at 4 and telling all that the company is undervalued and they will sell at the right price.
If one looks closely at what was aledged that the somens ate then compared the value or slice of the pudding in relation to the company value you would realize that the company was seriously undervalued no wonder DD what's it all at a throw away price of 14 and read closely you will note they are ready to increase if they don't get 75%... That in itself should tell its undervalued and DD being prudent by pushing their luck to test the fear and greed of AK shareholders.
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  | | Edit by user: Saturday, July 27, 2013 10:34 PM | Reason: Not specified
tom_boy
#256 Posted : Sunday, July 28, 2013 4:35:28 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
I bought access Kenya at 3.50 sh and acquired only 5000 shares. If I accept the offer, I will gain shs 70,000 which is money I have no use for at the moment. If I decline the offer, I may end up with shares worth shs 3.50 (17,500shs - which is my investment, assuming the shares start trading and the price falls - this is worst case scenario). On the other hand, I may end up as a minority shareholder in a private company if the 75% threshold is breached.

Seeing that I bought this share with a 10yr holding period in mind, my greatest question is will being a minority shareholder in DDMEA over a 10yr period yield more in dividends and value appreciation than getting my 70,000shs now and investing in another counter for 10yrs (which counter would this be?)
Secondly, there is always the chance that they will come back say 1 year down the line with an enhanced offer to the remaining minority shareholders, once they get rid of the crowd ( how likely is this?)
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Jamani
#257 Posted : Sunday, July 28, 2013 11:09:57 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Very likely bwana tom_boy. Its also likely that if it goes back to the NSE the price will only raise. DD wants 100% and they have mentioned they might increase the offer price to achieve their desire.. We are not told of any due diligence they did, what we read is an expression of interest was made and kestrel did the valuation and someone wants 100%, majority shareholders are happy and whipping all to agree to their happiness and sell.

It begs the question what really is behind the scenes?
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hisah
#258 Posted : Monday, July 29, 2013 4:33:26 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Too much media shouting about this DD offer - http://www.businessdaily...8/-/gkpi6v/-/index.html

Being away from KE the broker has sent emails why I should take the 'good' deal on my meagre holdings bought at 4.40. Since these are meagre holdings I don't mind getting delisted. I think this is the dilemma the buyer is facing with all the shouting to take their offer. I'm not in the camp of not selling, I'm in the camp of not interested. I'm sure they never thought about that camp...
And this rally call by media and brokers just makes it stink...

NTT Docomo is no small player. DDMEA is just a front. If they're desperate for this 'princess' they'll shell out more. KE has Konza city coming up, that's the eye on the price.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#259 Posted : Monday, July 29, 2013 5:33:20 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
From the BD article above ^^^
Quote:
AccessKenya’s minority shareholders have up to the middle of next month to take advantage of the offer made by Dimension Data, which is seeking to buy out the Nairobi Securities Exchange-listed IT company.

Dimension Data is buying AccessKenya at Sh14 per share, a 42 per cent premium on the last trading price of Sh9.85 on May 7, before it was suspended from trading.


Ni kina nani wanakaa ngumu? @hisah is one,@tomboy...
am a willing buyer at 15/- Anywilling seller let me know
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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  | | Edit by user: Monday, July 29, 2013 5:37 AM | Reason: Not specified
VituVingiSana
#260 Posted : Monday, July 29, 2013 7:58:32 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
My 'confidence' in a Takeover declined after KK-Puma ... thus I will take the cash! If it goes through. That said, I am OK with an offer from someone else at a higher price!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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