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NIC Bank - Another profitable Rights coming up!
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sparkly
#1 Posted : Monday, July 07, 2014 10:06:41 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
EGM to be held at KICC on 29th July to authorize a Rights issue.
Life is short. Live passionately.
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icecube
#2 Posted : Monday, July 07, 2014 10:13:43 AM
Rank: Member

Joined: 1/2/2008
Posts: 268
Location: Nairobi
sparkly wrote:
EGM to be held at KICC on 29th July to authorize a Rights issue.


Good info...but how is the share doing now? over/undervalued?
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Aguytrying
#3 Posted : Monday, July 07, 2014 11:34:27 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@sparkly. how did you make money last time? how can we play this one?
The investor's chief problem - and even his worst enemy - is likely to be himself
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sparkly
#4 Posted : Monday, July 07, 2014 12:09:48 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Aguytrying wrote:
@sparkly. how did you make money last time? how can we play this one?


Quite simple really. I took up my rights (and a very small additional allocation).

My average considering bonuses and the rights was 29.

Then i sold everything (except some odd lot of 93) at 53-60.

This time i am hoping the BR price will dip below 40. I will then buy, participate in the rights and wait to sell AR at any price above 60.
Life is short. Live passionately.
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Mart_Consult
#5 Posted : Monday, July 07, 2014 1:33:23 PM
Rank: Member

Joined: 11/7/2013
Posts: 127
Location: Nairobi, Kenya
@sparkly How may price dip to sub-40 if the it has been sustained at 58-60 levels for the year-to-date? Also, if it's the rights price, is it not priced at a weighted average over a period (3-6 months)...? Any possibility there of going sub-40?
I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Aguytrying
#6 Posted : Monday, July 07, 2014 4:08:57 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@sparkly. the price is unlikely to even go down! see how DTK rallied to 280. I'm for seeing a similar pattern here. may rally to 75 cum rights. then rights will be in short supply. and Will go for a premium.

Time to buy is now at 60.00. cum rights sell half at a profit. take up rights sell the other half towards dec at a higher price than 60.00

this is assuming not very dilutive rights like DTK
The investor's chief problem - and even his worst enemy - is likely to be himself
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sparkly
#7 Posted : Monday, July 07, 2014 6:36:43 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Aguytrying wrote:
@sparkly. the price is unlikely to even go down! see how DTK rallied to 280. I'm for seeing a similar pattern here. may rally to 75 cum rights. then rights will be in short supply. and Will go for a premium.

Time to buy is now at 60.00. cum rights sell half at a profit. take up rights sell the other half towards dec at a higher price than 60.00

this is assuming not very dilutive rights like DTK


@Aguy I have played NIC long enough to know that unlike DTB, the minority lack an apetite for the share. The share price has an habit of collapsing but trading very thin volumes.
Life is short. Live passionately.
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Aguytrying
#8 Posted : Monday, July 07, 2014 6:41:27 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
sparkly wrote:
Aguytrying wrote:
@sparkly. the price is unlikely to even go down! see how DTK rallied to 280. I'm for seeing a similar pattern here. may rally to 75 cum rights. then rights will be in short supply. and Will go for a premium.

Time to buy is now at 60.00. cum rights sell half at a profit. take up rights sell the other half towards dec at a higher price than 60.00

this is assuming not very dilutive rights like DTK


@Aguy I have played NIC long enough to know that unlike DTB, the minority lack an apetite for the share. The share price has an habit of collapsing but trading very thin volumes.


I guess it's true that investment in knowledge pays the best dividends. happy hunting
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#9 Posted : Thursday, July 10, 2014 4:28:34 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
After an afternoon brainstorming session I came up with the following predictions.

rights issue of 1 share for every 6 held.

rights price of 45.00 a 25% discount from average price of last 6 months of 60.00. (indeed even 1year!)

88-91 million shares to be issued. to raise 4.02bn kshs.

let's wait for 30th july to see where my elderly(ness) has reached.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Pesa Nane
#10 Posted : Thursday, July 10, 2014 6:13:39 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
sparkly wrote:
Aguytrying wrote:
@sparkly. the price is unlikely to even go down! see how DTK rallied to 280. I'm for seeing a similar pattern here. may rally to 75 cum rights. then rights will be in short supply. and Will go for a premium.

Time to buy is now at 60.00. cum rights sell half at a profit. take up rights sell the other half towards dec at a higher price than 60.00

this is assuming not very dilutive rights like DTK


@Aguy I have played NIC long enough to know that unlike DTB, the minority lack an apetite for the share. The share price has an habit of collapsing but trading very thin volumes.

Stock liquidity will improve greatly. They have issued 54,298,415 shares in the concluded bonus issue and a further circa. 90,000,000 shares in the upcoming rights issue.
Pesa Nane plans to be shilingi when he grows up.
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