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Kengen 2013 rights issue!
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guru267
#1 Posted : Tuesday, February 12, 2013 11:36:33 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
The CMA has blundered by announcing this before the management Sad
Aren't we in for a rude shock on the share price??

www.businessdailyafrica....8/-/jfvcijz/-/index.html
Mark 12:29
Deuteronomy 4:16
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Mukiri
#2 Posted : Wednesday, February 13, 2013 12:01:37 AM
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Joined: 7/11/2012
Posts: 5,222
What is the likely effect on the price of this share?d'oh!

Proverbs 19:21
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  | | Edit by user: Wednesday, February 13, 2013 1:11 AM | Reason: Not specified
Cde Monomotapa
#3 Posted : Wednesday, February 13, 2013 12:40:32 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
smile
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murchr
#4 Posted : Wednesday, February 13, 2013 1:24:57 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Very funny... smile
"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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gesowan
#5 Posted : Wednesday, February 13, 2013 1:31:13 AM
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Joined: 11/6/2010
Posts: 289
this is sad ....guys will dump their shares this thing will go down to ksh 5
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murchr
#6 Posted : Wednesday, February 13, 2013 1:33:40 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
gesowan wrote:
this is sad ....guys will dump their shares this thing will go down to ksh 5


Sell some and buy them back cheaply
"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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gesowan
#7 Posted : Wednesday, February 13, 2013 1:44:34 AM
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Joined: 11/6/2010
Posts: 289
with this information no one will buy ...there is alot in Rights issue ....this Muthaura guy should not lead CMA hata kama Githae wants him NKT
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VituVingiSana
#8 Posted : Wednesday, February 13, 2013 2:06:44 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Can the CMA police the CMA? Isn't it material information that KenGen is thinking of a Rights Issue? This should be information provided to all shareholders by the firm not by folks who are blabbing left & right at the CMA.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#9 Posted : Wednesday, February 13, 2013 2:12:43 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Current price is around 12.50 so a 20% discount (as is common in Rights Issues) means one can buy at 10/- which leads me to believe that the current shareholders are screwed as the price will inch downwards. The Rights Issue will likely be a huge one [compare to what KPLC did] which will create downward pressure on the share price. Shareholders... enjoy the ride downhill.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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murchr
#10 Posted : Wednesday, February 13, 2013 2:59:56 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
VituVingiSana wrote:
Can the CMA police the CMA? Isn't it material information that KenGen is thinking of a Rights Issue? This should be information provided to all shareholders by the firm not by folks who are blabbing left & right at the CMA.


That info would have come out in some AGM. The more i read this the more am thinking this may not just happen. Let the share sink tho...it might be time to pick some penny stock
"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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