wazua Thu, Apr 2, 2026
Welcome Guest Search | Active Topics | Log In

2 Pages12>
Express . . . cash call
Options
Previous Topic · Next Topic
StatMeister
#1 Posted : Friday, August 17, 2012 8:52:00 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
How can a company with market cap of 125m make a 1b cash call?

Details:
* 6 for each 1 share held
* with 35m shares, means issuing 212m new shares. * That implies new shares will be offered at 4.7shs / share (current price is 3.55.

Also explains the quick retreat from 4.00 to 3.55

Rink
http://www.businessdaily.../0/-/2ldnwo/-/index.html
A bad day fishing is better than a good day at work
Back to top
  | | Edit by user: Friday, August 17, 2012 8:53 AM | Reason: Not specified
VituVingiSana
#2 Posted : Friday, August 17, 2012 11:22:52 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Connect the dots.

Who is the chairman of Express?
What other firm is he the chairman of?

Look at the history & performance of the Rights Issue of the 'other' firm...
Extrapolate to Express...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
StatMeister
#3 Posted : Friday, August 17, 2012 11:52:05 AM
Rank: Veteran

Joined: 5/23/2010
Posts: 868
Location: La Islas Galápagos
VituVingiSana wrote:
Connect the dots.

Who is the chairman of Express?
What other firm is he the chairman of?

Look at the history & performance of the Rights Issue of the 'other' firm...
Extrapolate to Express...


This one will win over Olympia and Eveready heads over shoulders
A bad day fishing is better than a good day at work
Back to top
  |
youcan'tstopusnow
#4 Posted : Friday, August 17, 2012 12:11:04 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
VituVingiSana wrote:
Connect the dots.

Who is the chairman of Express?
What other firm is he the chairman of?

Look at the history & performance of the Rights Issue of the 'other' firm...
Extrapolate to Express...


Also the Chairman of Olympia, Karen Country Club and NHOSP Board of Management
GOD BLESS YOUR LIFE
Back to top
WWW
  |
VituVingiSana
#5 Posted : Friday, August 17, 2012 1:23:48 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
I am probably staying out!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
sparkly
#6 Posted : Friday, August 17, 2012 1:37:50 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
This is the joke of the year!!!

1B for a company that cannot compete effectively in its core business so that it can start real estate development!

Again what a joke. Only fools will invest in this thing.
Life is short. Live passionately.
Back to top
  |
Jamani
#7 Posted : Friday, August 17, 2012 1:41:01 PM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
Again what a joke. Only fools will invest in this thing.
And those are the majority, when it comes to real estate Kenyans run, zigzag
Back to top
  |
youcan'tstopusnow
#8 Posted : Friday, August 17, 2012 2:30:40 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Another NSE company moves into real estate...
GOD BLESS YOUR LIFE
Back to top
WWW
  |
King G
#9 Posted : Friday, August 17, 2012 5:18:34 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Jokers, they better put this house in order before the call otherwise it will be a big flob and the company headed for doom
Thieves
Back to top
  |
VituVingiSana
#10 Posted : Friday, August 17, 2012 5:56:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Yes. Chris Obura was the Chairman of Olympia Capital when it did the crazy 3:1 Rights Issue at 14/- about 5 years ago. Today the share is at sub-4. They moved Olympia from a boring but profitable firm to one that provided excitement all the way down to 3/-.

Now he wants Express to do a 6:1 Rights Issue?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
2 Pages12>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.