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KENGEN HY17
Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Ericsson wrote:Their target is to reach 10% shareholding and get a board seat They should demanded that when they bought the "remainder" of the Rights Issue shares. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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@VVS Since they are buying from the market at prevailing prices no need to put a demand notice. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Ericsson wrote:@VVS Since they are buying from the market at prevailing prices no need to put a demand notice. @ericsson,is there hope for a dvd in october? ama itakuwa kama last year. Towards the goal of financial freedom
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:Their target is to reach 10% shareholding and get a board seat Where will 10% come from, surely? They will have to buy out all Wanjikus. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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sparkly wrote:Ericsson wrote:Their target is to reach 10% shareholding and get a board seat Where will 10% come from, surely? They will have to buy out all Wanjikus. They are at 6.6% They need about 220mn shares to reach 10% As at today 4.33mn shares have been traded Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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Ebenyo wrote:Ericsson wrote:@VVS Since they are buying from the market at prevailing prices no need to put a demand notice. @ericsson,is there hope for a dvd in october? ama itakuwa kama last year. Now that they got the full funds they wanted;dividend most likely itakuwa Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/31/2007 Posts: 304
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Ericsson wrote:kawi254 wrote:PIC of SA has been the big buyer of Kengen shares in the market and after taking the untaken rights issue will have 6.62% shareholding. ION, our own NSSF who used to be the 2nd largest shareholder vanished from shareholders list of KenGen NSSF will be back in the top 10 shareholder list at their right time You couldn't be more wrong. NSSF is among the top ten shareholders of Kengen,its only that,due to the change in the law, its interest is held under various custodial managers.
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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moneydust wrote:Ericsson wrote:kawi254 wrote:PIC of SA has been the big buyer of Kengen shares in the market and after taking the untaken rights issue will have 6.62% shareholding. ION, our own NSSF who used to be the 2nd largest shareholder vanished from shareholders list of KenGen NSSF will be back in the top 10 shareholder list at their right time You couldn't be more wrong. NSSF is among the top ten shareholders of Kengen,its only that,due to the change in the law, its interest is held under various custodial managers. You are also wrong.The custodial manager for NSSF is normally stated in the report. NSSF is not in the top ten of KENGEN shareholders Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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moneydust wrote:Ericsson wrote:kawi254 wrote:PIC of SA has been the big buyer of Kengen shares in the market and after taking the untaken rights issue will have 6.62% shareholding. ION, our own NSSF who used to be the 2nd largest shareholder vanished from shareholders list of KenGen NSSF will be back in the top 10 shareholder list at their right time You couldn't be more wrong. NSSF is among the top ten shareholders of Kengen,its only that,due to the change in the law, its interest is held under various custodial managers. You are also wrong.The custodial manager for NSSF is normally stated in the report. NSSF is not in the top ten of KENGEN shareholders Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/31/2007 Posts: 304
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Ericsson wrote:moneydust wrote:Ericsson wrote:kawi254 wrote:PIC of SA has been the big buyer of Kengen shares in the market and after taking the untaken rights issue will have 6.62% shareholding. ION, our own NSSF who used to be the 2nd largest shareholder vanished from shareholders list of KenGen NSSF will be back in the top 10 shareholder list at their right time You couldn't be more wrong. NSSF is among the top ten shareholders of Kengen,its only that,due to the change in the law, its interest is held under various custodial managers. You are also wrong.The custodial manager for NSSF is normally stated in the report. NSSF is not in the top ten of KENGEN shareholders Take it from me, NSSF is in the top ten shareholders list of Kengen. Refer again to Kengen annual report,the report does not disclose who are the direct beneficiaries of the shares held in various nominee accounts.To prove my point I would urge you to get a copy of the funds financial statement for 2016.
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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@Moneydust No need of arguing on things which have no basis. I have pasted for you as below the list of top ten shareholders of kengen as at this year when they were allocating shares to PIC. Indicate to me who NSSF is Link to the list is as below; http://www.kengen.co.ke/...llotment%20to%20PIC.PDF
//I know the name and custodial account NSSF Kenya normally uses.Indicate to me the one u know Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/31/2007 Posts: 304
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Ericsson wrote:@Moneydust No need of arguing on things which have no basis. I have pasted for you as below the list of top ten shareholders of kengen as at this year when they were allocating shares to PIC. Indicate to me who NSSF is Link to the list is as below; http://www.kengen.co.ke/...llotment%20to%20PIC.PDF
//I know the name and custodial account NSSF Kenya normally uses. Indicate to me the one u know Standard Chartered Account KE11450-64,702,437 shares.This is just one account,there are others.
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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moneydust wrote:Ericsson wrote:@Moneydust No need of arguing on things which have no basis. I have pasted for you as below the list of top ten shareholders of kengen as at this year when they were allocating shares to PIC. Indicate to me who NSSF is Link to the list is as below; http://www.kengen.co.ke/...llotment%20to%20PIC.PDF
//I know the name and custodial account NSSF Kenya normally uses. Indicate to me the one u know Standard Chartered Account KE11450-64,702,437 shares.This is just one account,there are others. NSSF normally uses Standard Chartered A/C 9230 which was transferred to Stanchart when Barclays sold its custodial business to Stanchart. If you check the annual results for KENGEN 2015 you will find it there at position 3 but in 2016 it's out. If you look at other companies where NSSF has shareholding like BBK,Stanchart,NMG,ARM you will find that account number. Even when NSSF had shares in Safaricom that number you will find it. NSSF was stopped from having multiple accounts after the Discount Securities fiasco where more than a bn of workers money was lost. That number you have quoted I highly doubt it's NSSF Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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@Moneydust Check also Co-operative Bank of Kenya annual report for 2015 under shareholder information. Check who is number 5 on the list Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Ericsson wrote:@VVS Since they are buying from the market at prevailing prices no need to put a demand notice. When they first purchased the shares... They would probably gotten their demand met. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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When will be FY 2017 released, exchange bar?
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Rank: New-farer Joined: 5/21/2013 Posts: 72 Location: KENYA
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Ericsson wrote:moneydust wrote:Ericsson wrote:@Moneydust No need of arguing on things which have no basis. I have pasted for you as below the list of top ten shareholders of kengen as at this year when they were allocating shares to PIC. Indicate to me who NSSF is Link to the list is as below; http://www.kengen.co.ke/...llotment%20to%20PIC.PDF
//I know the name and custodial account NSSF Kenya normally uses. Indicate to me the one u know Standard Chartered Account KE11450-64,702,437 shares.This is just one account,there are others. NSSF normally uses Standard Chartered A/C 9230 which was transferred to Stanchart when Barclays sold its custodial business to Stanchart. If you check the annual results for KENGEN 2015 you will find it there at position 3 but in 2016 it's out. If you look at other companies where NSSF has shareholding like BBK,Stanchart,NMG,ARM you will find that account number. Even when NSSF had shares in Safaricom that number you will find it. NSSF was stopped from having multiple accounts after the Discount Securities fiasco where more than a bn of workers money was lost. That number you have quoted I highly doubt it's NSSF Curious, how does one know the entity behind a custodial account? It could be very useful even for other counters. “The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Rank: Elder Joined: 12/4/2009 Posts: 10,701 Location: NAIROBI
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bartum wrote:When will be FY 2017 released, exchange bar? In October Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:bartum wrote:When will be FY 2017 released, exchange bar? In October I expect a dividend Life is short. Live passionately.
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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