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AccessKenya takeover offer at 14/= Options

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mlennyma		#141 Posted : Thursday, July 04, 2013 8:20:14 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi		The price wont be 14 but around 16,thats my thinking. "Don't let the fear of losing be greater than the excitement of winning."
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guru267		#142 Posted : Thursday, July 04, 2013 8:42:49 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		mlennyma wrote: The price wont be 14 but around 16,thats my thinking. @mlennyma the price of 14 was offered and already accepted by the board and approved by CMA... At the EGM the board will encourage shareholders to approve the deal at 14bob! They only need 75% shareholder approval.. Mark 12:29 Deuteronomy 4:16
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mlennyma		#143 Posted : Thursday, July 04, 2013 9:13:04 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi		Then guru explain to me the meaning of some percentages appearing at the end of the article. "Don't let the fear of losing be greater than the excitement of winning."
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guru267		#144 Posted : Thursday, July 04, 2013 9:34:45 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		mlennyma wrote: Then guru explain to me the meaning of some percentages appearing at the end of the article. @mlennyma the normal approval rating for special resolutions is 75% of shareholders.. This is if the articles do not state otherwise So I guess in the case of Access Kenya the threshold is 90% approval rating Mark 12:29 Deuteronomy 4:16
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mlennyma		#145 Posted : Thursday, July 04, 2013 10:00:57 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi		"Dimension also offered AccessKenya shareholders a premium of over the volume weighted average price (VWAP) of AccessKenya’s shares of 55 percent for the 30 day VWAP, 105 percent for the 90 day VWAP, and 155 percent for the 250 day VWAP." "this was offered above the 14bob or what??somebody elaborate "Don't let the fear of losing be greater than the excitement of winning."
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guru267		#146 Posted : Thursday, July 04, 2013 10:14:01 AM
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi		mlennyma wrote: "Dimension also offered AccessKenya shareholders a premium of over the volume weighted average price (VWAP) of AccessKenya’s shares of 55 percent for the 30 day VWAP, 105 percent for the 90 day VWAP, and 155 percent for the 250 day VWAP." "this was offered above the 14bob or what??somebody elaborate All those percentages add up to 14bob! Mark 12:29 Deuteronomy 4:16
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Hunderwear		#147 Posted : Thursday, July 04, 2013 10:31:13 AM
Rank: Member Joined: 4/14/2011 Posts: 639		mlennyma wrote: "Dimension also offered AccessKenya shareholders a premium of over the volume weighted average price (VWAP) of AccessKenya’s shares of 55 percent for the 30 day VWAP, 105 percent for the 90 day VWAP, and 155 percent for the 250 day VWAP." "this was offered above the 14bob or what??somebody elaborate It is Above average price of the share for the stated periods not above 14 bob
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VituVingiSana		#148 Posted : Thursday, July 04, 2013 10:57:38 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi		mufasa wrote: "Dimension also offered AccessKenya shareholders a premium of over the volume weighted average price (VWAP) of AccessKenya’s shares of 55 percent for the 30 day VWAP, 105 percent for the 90 day VWAP, and 155 percent for the 250 day VWAP." @hisah @vvs what does this mean? please decipher. thnx The VWAP price for (prior) 30 days was (approx) 9/- The VWAP price for (prior) 90 days was (approx) 6.75/- The VWAP price for (prior) 250 days was (approx) 4.50/- Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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King G		#149 Posted : Thursday, July 04, 2013 11:00:27 AM
Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo		VituVingiSana wrote: mufasa wrote: "Dimension also offered AccessKenya shareholders a premium of over the volume weighted average price (VWAP) of AccessKenya’s shares of 55 percent for the 30 day VWAP, 105 percent for the 90 day VWAP, and 155 percent for the 250 day VWAP." @hisah @vvs what does this mean? please decipher. thnx The VWAP price for (prior) 30 days was (approx) 9/- The VWAP price for (prior) 90 days was (approx) 6.75/- The VWAP price for (prior) 250 days was (approx) 4.50/- the days are the prices of the share from the date the offer was made public! Thieves
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kollabo		#150 Posted : Thursday, July 04, 2013 11:10:38 AM
Rank: Veteran Joined: 2/3/2012 Posts: 1,317		VituVingiSana wrote: EGM in September? When do shareholders get the 14/-? These delays reduce the value of the offer price [time value of money] If approved the cash will come even further down perhaps in Dec. Will you still bail out at 14/-?
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mlennyma		#151 Posted : Thursday, July 04, 2013 11:23:56 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi		I will vote no.with all this delay 14bob is little. "Don't let the fear of losing be greater than the excitement of winning."
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dunkang		#152 Posted : Thursday, July 04, 2013 11:29:44 AM
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831		mlennyma wrote: I will vote no.with all this delay 14bob is little. Usishindane na ndovu kunyamba boss! Even if you are amongst the group that bought at 36/-, just accept and move on! Receive with simplicity everything that happens to you.” ― Rashi
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mlennyma		#153 Posted : Thursday, July 04, 2013 12:10:18 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi		Our capital will be tied for the rest of this year since may 7,if there were no buyout the share had momentum of reaching 18bob before december.we are loosers. "Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa		#154 Posted : Thursday, July 04, 2013 1:32:02 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		dunkang wrote: mlennyma wrote: I will vote no.with all this delay 14bob is little. Usishindane na ndovu kunyamba boss! Even if you are amongst the group that bought at 36/-, just accept and move on!
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mufasa		#155 Posted : Thursday, July 04, 2013 3:04:27 PM
Rank: Member Joined: 4/15/2008 Posts: 206		VituVingiSana wrote: mufasa wrote: "Dimension also offered AccessKenya shareholders a premium of over the volume weighted average price (VWAP) of AccessKenya’s shares of 55 percent for the 30 day VWAP, 105 percent for the 90 day VWAP, and 155 percent for the 250 day VWAP." @hisah @vvs what does this mean? please decipher. thnx The VWAP price for (prior) 30 days was (approx) 9/- The VWAP price for (prior) 90 days was (approx) 6.75/- The VWAP price for (prior) 250 days was (approx) 4.50/- Thnx @VVS. is this good or bad for me?? if VWAP is lower than the current price of kes 9.55/= then am getting a good deal at Kes 14/= and if VWAP is higher than Kes9.55/= then I should not agree to sell in all the three cases VWAP is lower... so i guess its a good deal. Do it today! Tomorrow is promise to no-one.
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King G		#156 Posted : Thursday, July 04, 2013 3:45:14 PM
Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo		mufasa wrote: VituVingiSana wrote: mufasa wrote: "Dimension also offered AccessKenya shareholders a premium of over the volume weighted average price (VWAP) of AccessKenya’s shares of 55 percent for the 30 day VWAP, 105 percent for the 90 day VWAP, and 155 percent for the 250 day VWAP." @hisah @vvs what does this mean? please decipher. thnx The VWAP price for (prior) 30 days was (approx) 9/- The VWAP price for (prior) 90 days was (approx) 6.75/- The VWAP price for (prior) 250 days was (approx) 4.50/- Thnx @VVS. is this good or bad for me?? if VWAP is lower than the current price of kes 9.55/= then am getting a good deal at Kes 14/= and if VWAP is higher than Kes9.55/= then I should not agree to sell in all the three cases VWAP is lower... so i guess its a good deal. Boss, you need to know your own weighted average purchase price (plus commissions) vs 14 bob to calculate your gain or loss. Thieves
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VituVingiSana		#157 Posted : Thursday, July 04, 2013 4:01:01 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi		King G wrote: VituVingiSana wrote: mufasa wrote: "Dimension also offered AccessKenya shareholders a premium of over the volume weighted average price (VWAP) of AccessKenya’s shares of 55 percent for the 30 day VWAP, 105 percent for the 90 day VWAP, and 155 percent for the 250 day VWAP." @hisah @vvs what does this mean? please decipher. thnx The VWAP price for (prior) 30 days was (approx) 9/- The VWAP price for (prior) 90 days was (approx) 6.75/- The VWAP price for (prior) 250 days was (approx) 4.50/- the days are the prices of the share from the date the offer was made public! Of course. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana		#158 Posted : Thursday, July 04, 2013 4:04:53 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi		kollabo wrote: VituVingiSana wrote: EGM in September? When do shareholders get the 14/-? These delays reduce the value of the offer price [time value of money] If approved the cash will come even further down perhaps in Dec. Will you still bail out at 14/-? Limited choices but yes THOUGH ... I would like to see 1H 2013 results. If the process is delayed beyond September, perhaps we should ask for a sweetener? And there is a KES 0.30 dividend pending too! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana		#159 Posted : Thursday, July 04, 2013 4:07:00 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi		mufasa wrote: VituVingiSana wrote: mufasa wrote: "Dimension also offered AccessKenya shareholders a premium of over the volume weighted average price (VWAP) of AccessKenya’s shares of 55 percent for the 30 day VWAP, 105 percent for the 90 day VWAP, and 155 percent for the 250 day VWAP." @hisah @vvs what does this mean? please decipher. thnx The VWAP price for (prior) 30 days was (approx) 9/- The VWAP price for (prior) 90 days was (approx) 6.75/- The VWAP price for (prior) 250 days was (approx) 4.50/- Thnx @VVS. is this good or bad for me?? if VWAP is lower than the current price of kes 9.55/= then am getting a good deal at Kes 14/= and if VWAP is higher than Kes9.55/= then I should not agree to sell in all the three cases VWAP is lower... so i guess its a good deal. VWAP has nothing to do with YOUR cost of these shares. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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King G		#160 Posted : Thursday, July 04, 2013 8:36:44 PM
Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo		this deal will be concluded in 1qrt of 2014. What opportunity cost of money. the 14 bob offer is not enough to compensate for the wait. Thieves
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