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Kenya airways Right Issue
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mwekez@ji
#281 Posted : Thursday, April 26, 2012 9:28:11 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
IFC has opted to avoid the rump investors route and bought rights from market “Among the key non-shareholders who bought rights is the International Finance Corporation, which acquired 2.5 million rights and subsequently applied for 140.5 million additional shares.” KQ said This would mean that IFC’s purchase, which is equivalent to 10 per cent of the 1.4 billion shares on offer, will raise the guaranteed uptake to 59 per cent of the Sh20.7 billion cash call.
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VituVingiSana
#282 Posted : Thursday, April 26, 2012 10:05:36 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,375
Location: Nairobi
mwekez@ji wrote:
IFC has opted to avoid the rump investors route and bought rights from market “Among the key non-shareholders who bought rights is the International Finance Corporation, which acquired 2.5 million rights and subsequently applied for 140.5 million additional shares.” KQ said This would mean that IFC’s purchase, which is equivalent to 10 per cent of the 1.4 billion shares on offer, will raise the guaranteed uptake to 59 per cent of the Sh20.7 billion cash call.
Uwongo. IFC bought ONLY 2.5mn Rights so they still need to 'apply' for the additional 140.5mn shares which could be through 'Rump' applications
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#283 Posted : Thursday, April 26, 2012 10:55:07 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
VituVingiSana wrote:
mwekez@ji wrote:
IFC has opted to avoid the rump investors route and bought rights from market “Among the key non-shareholders who bought rights is the International Finance Corporation, which acquired 2.5 million rights and subsequently applied for 140.5 million additional shares.” KQ said This would mean that IFC’s purchase, which is equivalent to 10 per cent of the 1.4 billion shares on offer, will raise the guaranteed uptake to 59 per cent of the Sh20.7 billion cash call.
Uwongo. IFC bought ONLY 2.5mn Rights so they still need to 'apply' for the additional 140.5mn shares which could be through 'Rump' applications
Boss, mi si muongo, unaniekelea Check: Application for Additional Shares under clause 6.16
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QW25091985
#284 Posted : Thursday, April 26, 2012 10:59:43 AM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
why is the stock rallying as we near end of rights issue ? that could be a sign the rights will be a success. am off to the broker . hii mbus looks like its gonna go up !
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mwekez@ji
#285 Posted : Friday, April 27, 2012 8:41:10 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
mwekez@ji wrote:
VituVingiSana wrote:
mwekez@ji wrote:
IFC has opted to avoid the rump investors route and bought rights from market “Among the key non-shareholders who bought rights is the International Finance Corporation, which acquired 2.5 million rights and subsequently applied for 140.5 million additional shares.” KQ said This would mean that IFC’s purchase, which is equivalent to 10 per cent of the 1.4 billion shares on offer, will raise the guaranteed uptake to 59 per cent of the Sh20.7 billion cash call.
Uwongo. IFC bought ONLY 2.5mn Rights so they still need to 'apply' for the additional 140.5mn shares which could be through 'Rump' applications
Check: Application for Additional Shares under clause 6.16 of the IM
...plus the defination of Eligible Shareholders includes a holder of Rights that have been purchased on the NSE, USE or DSE
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mwekez@ji
#286 Posted : Friday, April 27, 2012 8:47:35 AM
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Joined: 5/31/2011
Posts: 5,121
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mwekez@ji
#287 Posted : Friday, April 27, 2012 9:08:39 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Factor to watch today: Offer for shares in the biggest rights issue in the region, meant to raise KES 20.68 Billions, closes at 3pm.
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  | | Edit by user: Friday, April 27, 2012 9:10 AM | Reason: Not specified
VituVingiSana
#288 Posted : Friday, April 27, 2012 9:28:59 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,375
Location: Nairobi
mwekez@ji wrote:
Low demand by retail investors but high demand from institutional investors (including local institutional investors) Watanzania hawataki mambo ya hii offer And cold tusker thinks this offer is a flying rip off! ... But wait, Cold tusker also notes that the Net Asset Value of KQ is KES 50!!!
If you note that 50/- is for existing shares to be severely diluted by the Rights Issue, if not taken up
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#289 Posted : Friday, April 27, 2012 11:35:41 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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hisah
#290 Posted : Friday, April 27, 2012 12:45:46 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
The rights from hell finally close today with a lacklustre performance. I can hardly wait for the results.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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