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Kengen success
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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We have KENG veterans here who made money when they bought the stock at 7 in 2011 and sold it at 17/- in 2013. Same scene same cast. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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 @muandiwambeu. Weekendi njema.
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Rank: New-farer Joined: 5/21/2013 Posts: 72 Location: KENYA
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Kengen Rights Issue to be completed by June 30th.“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Rank: New-farer Joined: 5/22/2014 Posts: 78
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If the rights issue was at the current moderate price of 7.50, KEGN would have to issue extra 3.8 Billion shares approx' Add to that the Govt's Debt to Equity Conversion. What are the predictions of where the rights price will be at in June . . .
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Rank: Member Joined: 9/30/2013 Posts: 254
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the price will be 5 bob my only concern is if they expect to have the money by 30th June 2016 ,working backwards they should have released the memorandum by now.The rights will be two for every one held
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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mthaka wrote:the price will be 5 bob my only concern is if they expect to have the money by 30th June 2016 ,working backwards they should have released the memorandum by now.The rights will be two for every one held
Four for every one held. Where are you getting 2:1 from. Total shares to be issued 7.8, current issued 1.9. Hii hesabu ngumu kweli. Dilution is what you get here. Approx. Six years to recovery kama utafunga mshipi vizuri. At 3.5/= am a buyer. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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muandiwambeu wrote:mthaka wrote:the price will be 5 bob my only concern is if they expect to have the money by 30th June 2016 ,working backwards they should have released the memorandum by now.The rights will be two for every one held
Four for every one held. Where are you getting 2:1 from. Total shares to be issued 7.8, current issued 1.9. Hii hesabu ngumu kweli. Dilution is what you get here. Approx. Six years to recovery kama utafunga mshipi vizuri. At 3.5/= am a buyer. It will be very difficult for this stock to hold its neck high ex rights. Critical dilution is unsurmountable. Tightening mikanda for a couple of years, I agree. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 1/31/2007 Posts: 304
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muandiwambeu wrote:mthaka wrote:the price will be 5 bob my only concern is if they expect to have the money by 30th June 2016 ,working backwards they should have released the memorandum by now.The rights will be two for every one held
Four for every one held. Where are you getting 2:1 from. Total shares to be issued 7.8, current issued 1.9. Hii hesabu ngumu kweli. Dilution is what you get here. Approx. Six years to recovery kama utafunga mshipi vizuri. At 3.5/= am a buyer. Classic case of fear mongering...your analysis of this is too simplistic.It will require a significant change of fundamentals for the share price to go below the rights price (assuming its 5/=).Mark you these are not bonus shares accruing to a shareholder at zero cost.Therefore a sale below the rights price would require some drastic information.The rights can only be at a maximum of 3 for every 1 held.Issued shares are at 2.1Billion and as per the shareholder approval a maximum of 7.8Billion can be issued.To issue 4 for 1 they will require 8.4Billion shares which the shareholders did not authorise.
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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mthaka wrote:the price will be 5 bob my only concern is if they expect to have the money by 30th June 2016 ,working backwards they should have released the memorandum by now.The rights will be two for every one held
Thanks for the info. Any link to your source perhaps?Always advisable to trade on info. If subscription price is 5, then expect the market price to trend towards that figure as we near books closure. Where is the short button @SufficientlyP
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Rank: Elder Joined: 12/4/2009 Posts: 10,776 Location: NAIROBI
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@mthaka 2:1 means the rights issue price will be at 6.50 since private shareholders are expected to raise ksh.8.58bn. The government will maintain its stake at 70% and will defend via converting sh.20bn debt to equity. The number of shares entitled to private shareholders is therefore 4.4bn*0.3=1.32bn. @muandiwambeu Not all the 7.8bn authorised shares will be issued during the upcoming rights issue. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I'll give this rights issue 3 years, then we compare notes. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 9/30/2013 Posts: 254
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muandiwambeu wrote:mthaka wrote:the price will be 5 bob my only concern is if they expect to have the money by 30th June 2016 ,working backwards they should have released the memorandum by now.The rights will be two for every one held
Four for every one held. Where are you getting 2:1 from. Total shares to be issued 7.8, current issued 1.9. Hii hesabu ngumu kweli. Dilution is what you get here. Approx. Six years to recovery kama utafunga mshipi vizuri. At 3.5/= am a buyer. you are right but they will not sell all the shares,simple maths sell 7.8 billion at even 7 you get 54 billion ,you only need 28 billion so you sell (2.19*2=4.4)*6.5=28.4 billion ,hope this helps( the price has gone up hence the review from kshs 5 to kshs. 6.50..
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Rank: Elder Joined: 12/4/2009 Posts: 10,776 Location: NAIROBI
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Were this guys serious when they told us the rights issue will be held before June 30. We are in mid-April and the information memorandum is not yet out Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Ericsson wrote:Were this guys serious when they told us the rights issue will be held before June 30.
We are in mid-April and the information memorandum is not yet out Haven't they been saying that since 2013? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Hello Joined: 9/23/2014 Posts: 6 Location: MURANGA
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murchr wrote:Ericsson wrote:Were this guys serious when they told us the rights issue will be held before June 30.
We are in mid-April and the information memorandum is not yet out Haven't they been saying that since 2013? My guess is they need to release fy results first and in the process fatten the cow.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Kanyati wrote:murchr wrote:Ericsson wrote:Were this guys serious when they told us the rights issue will be held before June 30.
We are in mid-April and the information memorandum is not yet out Haven't they been saying that since 2013? My guess is they need to release fy results first and in the process fatten the cow. FY 15 was announced in November "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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murchr wrote:Kanyati wrote:murchr wrote:Ericsson wrote:Were this guys serious when they told us the rights issue will be held before June 30.
We are in mid-April and the information memorandum is not yet out Haven't they been saying that since 2013? My guess is they need to release fy results first and in the process fatten the cow. FY 15 was announced in November @sparkly I thought we concluded the rights when u got your rights when @Kenjen was at 5.5/=. (I quote post 61 above ) or this upthrust was just a mere dead cat bounce. or they were rigged and round two of exercising the rights is needed. and if I may ask atop, did/ will post rights 4/= price predictions materialise? so much silence hurts. some enlightening needed here. I feel the next elevens months may leave one severely bruised here. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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muandiwambeu wrote:murchr wrote:Kanyati wrote:murchr wrote:Ericsson wrote:Were this guys serious when they told us the rights issue will be held before June 30.
We are in mid-April and the information memorandum is not yet out Haven't they been saying that since 2013? My guess is they need to release fy results first and in the process fatten the cow. FY 15 was announced in November @sparkly I thought we concluded the rights when u got your rights when @Kenjen was at 5.5/=. (I quote post 61 above ) or this upthrust was just a mere dead cat bounce. or they were rigged and round two of exercising the rights is needed. and if I may ask atop, did/ will post rights 4/= price predictions materialise? so much silence hurts. some enlightening needed here. I feel the next elevens months may leave one severely bruised here. To Kengen the 8B from minorities is loose change. They are always in the news signing big loans from the development partners. Life is short. Live passionately.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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muandiwambeu wrote:murchr wrote:Kanyati wrote:murchr wrote:Ericsson wrote:Were this guys serious when they told us the rights issue will be held before June 30.
We are in mid-April and the information memorandum is not yet out Haven't they been saying that since 2013? My guess is they need to release fy results first and in the process fatten the cow. FY 15 was announced in November @sparkly I thought we concluded the rights when u got your rights when @Kenjen was at 5.5/=. (I quote post 61 above ) or this upthrust was just a mere dead cat bounce. or they were rigged and round two of exercising the rights is needed. and if I may ask atop, did/ will post rights 4/= price predictions materialise? so much silence hurts. some enlightening needed here. I feel the next elevens months may leave one severely bruised here. You see the way u care about the rights issue and delays. The management doesn't care, they feel nothing The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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The management of Kengen has to be the worst in communication "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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