A dilution close to 20times what one holds..
A parachute offered of 4:1 at an additional cost of 1.80 per share..
A company that is still in the red despite sigh of relief from improved margins..though revenues are flat.
And we expect rapid rise in share price?
1. Irrational exuberance on part of shareholders.
2. Ukiritimba.. Whatever that means..on part of KQ.
Nevertheless, carry on. KQ will be good for those who come in later to collect the pieces..but not existing shareholders.
Strictly talking shares trading..
Lessons from safaricom upon listing.. Volume of shares available for trading slumped share price for a long while despite good fundamentals.
Large volumes of KQ shares available as of 29th will have to be wiped out by larger buyers to ensure demand always outweighs supply for the share price to go up.
Unless all existing shareholders REFUSE to sell..rise in share price ni uchawi.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version