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Scangroup issuing 94M new shares to Cavendish
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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72,720,076 shares to be issued in a share swap arrangement 21,355,858 shares to be issued at a subscription price of KES 85.85 each based on 3 months VWAP + 30% premium Cavendish to effectively dilute shareholders by increasing own shareholding from 33.62% to 50.10%. http://www.scangroup.biz/pdf/Sc...tionary_Announcement.pdf
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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 KES. 1.8B cash should go a long way for the Co. Acquisitions, working capital, treasuries e.t.c Nice.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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 ... cc@hisah our TA guru
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Cde Monomotapa wrote: KES. 1.8B cash should go a long way for the Co. Acquisitions, working capital, treasuries e.t.c Nice. This is how I see Scangroup.Africa is perceived to be the next growth frontier and corporations will try their luck here,meaning more competition.Even within Africa corporations are venturing outside their nations.Established PR and advertising agencies are bound to benefit from that windfall and Scangroup is already spreading its influence across the major regions.It might not succeed in its strategy but then...
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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mwekez@ji wrote:72,720,076 shares to be issued in a share swap arrangement 21,355,858 shares to be issued at a subscription price of KES 85.85 each based on 3 months VWAP + 30% premium Cavendish to effectively dilute shareholders by increasing own shareholding from 33.62% to 50.10%. http://www.scangroup.biz/pdf/Sc...tionary_Announcement.pdf If Cavendish (an insider and better informed than me) is willing to pay 30p.c premium for a stock i think is already expensive, then good things are on the way for this firm. But i will still continue staying away from it! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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symbols wrote:Cde Monomotapa wrote: KES. 1.8B cash should go a long way for the Co. Acquisitions, working capital, treasuries e.t.c Nice. This is how I see Scangroup.Africa is perceived to be the next growth frontier and corporations will try their luck here,meaning more competition.Even within Africa corporations are venturing outside their nations.Established PR and advertising agencies are bound to benefit from that windfall and Scangroup is already spreading its influence across the major regions.It might not succeed in its strategy but then... The global value proposition into Africa is right here, take it or leave it: http://www.wpp.com/wpp/
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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NB: WPP grew to what it is via acquisitions. That's custom practise in this space.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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So tomorrow we open above 80bob?? Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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And to think that i bought AccessKenya @24 bob when Scan was at the same price. Damn!!!!! Miasha Ngumu.... Thieves
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Rank: Chief Joined: 1/3/2007 Posts: 18,225 Location: Nairobi
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Whoa! Now this is how deals are done. Compare the dilution & destruction of value by the non-shareholder directors of KQ vs the folks at Scangroup [Bharat Thakrar the CEO is a major shareholder] and ARM. Both ARM & Scangroup have raised funds for expansion/growth WITHOUT diluting existing shareholders. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 12/4/2009 Posts: 10,779 Location: NAIROBI
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Share price drifting back to where it was before the cautionary announcement Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rich EOW wrote:I expect the share price to move towards a 10%-15% Discount versus the Cavendish subscription price
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:... cc@hisah our TA guru Still bullish, but that PER... I also find it hard to value media firms so I keep off. But NMG's 6 billion atomic bet the other day is very tempting. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Completion of Acquisition by Cavendish; 19th December 2013 http://www.scangroup.biz/pdf/Pu...nnouncement-20122013.pdf
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 8/16/2011 Posts: 2,357
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Phew!!!!!!  That was adding water to already mature wine so that we can drink it more days!!!!! Mgema akisifiwa pombe hulitia maji 
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Scangroup issuing 94M new shares to Cavendish
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