Realcement wrote:
Watch out for cheaper Kengen post rights , the little positive gyration is temporary it will fizzle out .
Two good reasons :-
(i) Effect Of over dilution
(ii) 2017 is election year , you already see the signal on stocks and the polity ?
Post 2017 Kengen will be superb.
You will get Kengen 5 bob or below in the near term .
"""Investors willing to participate in the rights issue but who are not shareholders can buy rights of owners who are not willing to exercise their option at the securities exchange. Non-shareholders also have an option of buying the shares that will not be taken up at the end of the rights issue period through what is known as a rump but in
minimum blocks of 100,000 shares. Existing shareholders who do not participate in the offer will have their ownership diluted."""
How will you expect me to buy 100,000 shares minimum at ksh650,000 .Greed at most high level . Let even the ramp to die .I ain't paying minimum of 650,000. There are other better rewarding shares than this . With 650k I can buy kcb or even coop which is discounted and get good dividends than lock myself in kengen which has high political influence and don't know the future .If it won't all be taken up then I'll feel sorry for these guys . Who advises them anyway? 650,000 shillings minimum??
What harm will it do me to wait till when it's over on the 10/06/2016 and wait to buy my 1,000 at ksh6,500? Why should I hurry now and take a loan from shylock of 650,000 to buy ramp?? This is just common sense. I'll wait for it post ramp.i might get it cheaper and even minimum of 100 shares if I go by Realcement .