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Rea Vipingo takeover at 40/= per share
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muganda
#81 Posted : Monday, February 03, 2014 6:43:46 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
mwekez@ji wrote:
http://www.businessdailyafrica....2/-/1o9qxcz/-/index.html


The article speaks of a new turn, what new turn?
Www.Bid Investments cum Kenyaology cum Vania Investment Pool were opportunists from the beginning.

It is important for investors to realize there are only two options here -
+ Sisal Production under Robinows or
- Land Speculation under Centum and the much worse vulture lot.

Land Speculation is not Property Management, the likes of Laxmanbhai/Knight Frank deal in Development and Property Management; they would easily find much more attractive land assets to generate ROE for investors.

The jury is out on Centum's Pearl Marina/Two Rivers developments, which currently have their hands filled to the brim.
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mwekez@ji
#82 Posted : Wednesday, February 05, 2014 10:20:27 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
CMA sets deadline for Rea Vipingo offers as 28 February 2014.

The Capital Markets Authority has set a deadline of 28 February 2014 for notice by any person intending to make a new offer. In case of variation of any existing offer, the party shall also be required to serve the requisite notice by the same date. The timetable of the offers may then be harmonized to enable shareholders make an informed decision. There are currently three bidders for shares of Rea Vipingo, the largest sisal producer in Africa; Vania Investment Pool Limited with an offer price of KES 55 per share; Centum KES 50 (made on 3 December) and Rea Trading KES 40 (made on 13 November). (Company filing, Standard Investment Bank)
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muganda
#83 Posted : Wednesday, February 05, 2014 2:20:12 PM
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Joined: 9/15/2006
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Thanks for the update herr mwekez@ji.

Meanwhile:
1. Dilesh Somchand Bid of BTB Insurance Brokers, owner of Www.Bid Investments the 3rd bidder, is the son to one of the pioneer owners of sisal and coffee farms in Kenya in the 1960s. He could herald a return of the family business back to sisal.

2. The bulk of Rea Vipingo's group sales are made to a related party Wigglesworth at market price. Wigglesworth fibres distributes approx. 50% of total world sisal market.
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Horton
#84 Posted : Wednesday, February 05, 2014 4:04:19 PM
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Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
muganda wrote:
mwekez@ji wrote:
http://www.businessdailyafrica....2/-/1o9qxcz/-/index.html


The article speaks of a new turn, what new turn?
Www.Bid Investments cum Kenyaology cum Vania Investment Pool were opportunists from the beginning.

It is important for investors to realize there are only two options here -
+ Sisal Production under Robinows or
- Land Speculation under Centum and the much worse vulture lot.

Land Speculation is not Property Management, the likes of Laxmanbhai/Knight Frank deal in Development and Property Management; they would easily find much more attractive land assets to generate ROE for investors.

The jury is out on Centum's Pearl Marina/Two Rivers developments, which currently have their hands filled to the brim.



Knight frank are just agents. They don't usually develop.
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sorovi
#85 Posted : Monday, March 03, 2014 1:00:19 PM
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Joined: 8/3/2007
Posts: 146
Quote:
REA Trading Limited has offered shareholders of Rea Vipingo Plantations Limited a higher price for their stake in the listed sisal producer and an opportunity to benefit from future windfalls.

The firm is now offering a premium offer price of Sh70 per share. In addition to this, shareholders who accept the R.E.A Trading offer will be entitled to a pro-rata share of dividends or distributions of proceeds from future sale of land for up to Sh15 per share.


Link
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Kenyan Oracle
#86 Posted : Monday, March 03, 2014 6:39:00 PM
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Joined: 5/31/2011
Posts: 250
sorovi wrote:
Quote:
REA Trading Limited has offered shareholders of Rea Vipingo Plantations Limited a higher price for their stake in the listed sisal producer and an opportunity to benefit from future windfalls.

The firm is now offering a premium offer price of Sh70 per share. In addition to this, shareholders who accept the R.E.A Trading offer will be entitled to a pro-rata share of dividends or distributions of proceeds from future sale of land for up to Sh15 per share.


Link


The deal gets sweeter. There's something about this Rea Vipingo
You lose money chasing women, but you never lose women chasing money - NAS
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VituVingiSana
#87 Posted : Tuesday, March 04, 2014 12:38:52 AM
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Joined: 1/3/2007
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Thank Centum for bidding at 50/- (vs the original 40 offered) that forced the final offer to 70-85.

http://www.businessdaily...0/-/9nx4gbz/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#88 Posted : Tuesday, March 04, 2014 8:37:10 AM
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Joined: 7/11/2010
Posts: 5,040
[quote=VituVingiSana]Thank Centum for the generous offer (85/-) otherwise it would gone at 40/-

http://www.businessdaily.../-/9nx4gbz/-/index.html[/quote]

and to think I sold this share at 19.xx. I think its not wise to sell good companies as long as they are good and well run.
The investor's chief problem - and even his worst enemy - is likely to be himself
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cnn
#89 Posted : Wednesday, March 05, 2014 2:53:33 PM
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Joined: 6/17/2009
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Centum places a higher offer @ 75.Let us see how REA trading responds now that their 70 shillings offer has been upped.
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muganda
#90 Posted : Wednesday, March 05, 2014 4:09:00 PM
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Joined: 9/15/2006
Posts: 3,905
What was the meaning of the CMA cut-off date?
I thought it meant everyone was to strap their boots, count their money, and make the best offer once and for all, by that same date?

This approach of Centum always adding 5/= more. Then Vania Investments. Then REAT again... Then then then!!!

When will the whole matter close?
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VituVingiSana
#91 Posted : Wednesday, March 05, 2014 7:09:50 PM
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After reading both offers, the Centum offer is far superior at 75/- than the 70 + 15 offer by the Robinows. The hoops, terms and conditions behind the 'additional' 15/- offered is dependent on many factors NOT in control of the shareholder who 'gives' up his shares.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mwekez@ji
#92 Posted : Wednesday, March 05, 2014 7:40:32 PM
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Joined: 5/31/2011
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Waah!!! Sisemi kitu!!
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investor987
#93 Posted : Wednesday, March 12, 2014 12:55:21 PM
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Joined: 3/12/2014
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I hear that a bid of 80/- has been made. Can anyone confirm?
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Murenju
#94 Posted : Wednesday, March 12, 2014 1:18:48 PM
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Please confirm the last price!
Knock hard and it will be opened. Ask and you will be answered. Seek and you shall find.
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muganda
#95 Posted : Tuesday, March 25, 2014 5:32:13 PM
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Joined: 9/15/2006
Posts: 3,905
The legal battles begin.
http://www.bloomberg.com/news/2...bid-is-disqualified.html

Seems Vania investment pool reactively put in a bid at 80/= after Feb 28 deadline which CMA has rejected. They are promising to go to court...

What of Centum who also submitted an offer after the date? Or maybe their variation notice was in just at the nick of time cautionary announcement

muganda wrote:
What was the meaning of the CMA cut-off date?
I thought it meant everyone was to strap their boots, count their money, and make the best offer once and for all, by that same date?

This approach of Centum always adding 5/= more. Then Vania Investments. Then REAT again... Then then then!!!

When will the whole matter close?
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streetwise
#96 Posted : Tuesday, March 25, 2014 5:39:32 PM
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Joined: 6/23/2011
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Location: Nairobi
I love this game
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mwekez@ji
#97 Posted : Tuesday, March 25, 2014 7:40:35 PM
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Joined: 5/31/2011
Posts: 5,121
From 40/- to now 80!!! Kweli those whatever brother wanted to take this gem for a song. Kudo to WWW.Bid. ... CMA should let the highest bidder ;)
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hisah
#98 Posted : Wednesday, March 26, 2014 7:23:59 AM
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Joined: 8/4/2010
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My gut feeling says this bid fest won't end well. Bids that take too long to complete become meaningless. Why does CMA freeze a counter when a bidder show up? Quite irrational. Let the market do its thing while the bidders fight it out. The share freeze feels like manipulation which I experienced with AK last year.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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itz
#99 Posted : Wednesday, March 26, 2014 7:57:41 AM
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Joined: 3/20/2009
Posts: 348
hisah wrote:
My gut feeling says this bid fest won't end well. Bids that take too long to complete become meaningless. Why does CMA freeze a counter when a bidder show up? Quite irrational. Let the market do its thing while the bidders fight it out. The share freeze feels like manipulation which I experienced with AK last year.


Totally agree with you @hisah. Why stop a stock from trading. Who are they protecting and what is the purpose of a stock market? you invest in a stock in the hope that something like this(takeover/buyout) happens and therefore you reap the rewards when you sell in the open market or whichever way you chose. But stopping it from trading is just plain ridiculous. A share should only be halted for a few mins or hours when there is pending news or announcement, imbalance or unusual activity. We should petition the CMA because this is so 1920 and to me it is corruption.
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mv_ufanisi
#100 Posted : Wednesday, March 26, 2014 1:40:58 PM
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Joined: 1/15/2010
Posts: 625
Makes a lot of sense to let this stock to continue trading in the stock market. That way the highest bidder will win fair and square and the minority shareholders will not get screwed. Isn't that the beauty of the stock market? i.e. price discovery?
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