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Trading of Renounceble rights now underway, forget kitu kubwa!
Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Trading of the rights is now underway at the NSE, 1 hour after the official start of trading. No trades yet! What's interesting is that supply is at 5 bob, a total of 251,100, Total demand 8.1M! In short, demand is more than 32 times the supply! What does this say of the price to expect as we head towards Dec 23rd, the last day. What does this portend to the price of the existing shares? Comments please Wazuans! @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Best bid at 1.60, best offer at 5.90! @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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And finally the 1st trade, 500 rights at 4.50! It's like buying the existing shares at 24 bob! @SufficientlyP
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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where are you seeing the trades? i also need a front row seat. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Sufficiently Philanga....thropic wrote:And finally the 1st trade, 500 rights at 4.50!
It's like buying the existing shares at 24 bob! at 4.50(24.00), break even at 24.50. buy the current share at 23, break even at 24. and without waiting for rights to start trading in jan. GOv rigths please save us. thiswas the worst case scenario. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,259 Location: Nairobi
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Aguytrying wrote:where are you seeing the trades? i also need a front row seat. MyStocks has a real-time website which I use... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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VituVingiSana wrote:Aguytrying wrote:where are you seeing the trades? i also need a front row seat. MyStocks has a real-time website which I use... Nelly data and rich.co.ke can also get you there! @SufficientlyP
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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kplc rights real time data BIDS 8.18M Quantity Price Splits Time 1,000 1.60 2 14:49:43 4,500 1.55 1 14:49:43 65,200 1.50 4 14:49:43 20,000 1.05 1 14:49:43 1.42M 1.00 7 14:49:43 ASKS 299,800 Quantity Price Splits Time 32,900 4.00 2 14:49:43 51,800 4.50 1 14:49:43 63,100 4.80 1 14:49:43 125,400 5.00 1 14:49:43 20,000 5.90 1 14:49:43 TRADES Quantity Price Time 2,000 4.00 14:48:00 200 4.00 14:47:51 100 4.00 14:47:40 400 4.00 14:47:32 400 4.00 14:47:17 History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Sufficiently Philanga....thropic wrote:VituVingiSana wrote:Aguytrying wrote:where are you seeing the trades? i also need a front row seat. MyStocks has a real-time website which I use... Nelly data and rich.co.ke can also get you there! is the mystocks one, the one that i have to pay for? Nelly data asks for a username and password, which i dont know where to get. I use rich live, but its not showing kplc rights trading, at all. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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Aguytrying wrote:Sufficiently Philanga....thropic wrote:VituVingiSana wrote:Aguytrying wrote:where are you seeing the trades? i also need a front row seat. MyStocks has a real-time website which I use... Nelly data and rich.co.ke can also get you there! is the mystocks one, the one that i have to pay for? Nelly data asks for a username and password, which i dont know where to get. I use rich live, but its not showing kplc rights trading, at all. For Nelly data, your broker should be able to give you the user name and password. If you not successful, drop me a mail on tmwendia@gmail.com@SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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@BGL, thanks for the real time trades on rights. Seems like both rights and existing shares were strong on prices with the rights refusing to slide below 4 bob and the existing shares trading very comfortably at 24 bob. Lets see how tomorrow goes! @SufficientlyP
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Rank: New-farer Joined: 11/18/2010 Posts: 12 Location: Kenya
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The govt has over 340 million rights to sell,so a demand of 8 M rights is nothing.
The value of the govt rights on the 23rd will be zero, so as we near that date it will be willing to sell even at 50 cents rather than let them lapse
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Rank: New-farer Joined: 10/5/2010 Posts: 23
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sean_george wrote:The govt has over 340 million rights to sell,so a demand of 8 M rights is nothing.
The value of the govt rights on the 23rd will be zero, so as we near that date it will be willing to sell even at 50 cents rather than let them lapse agreed KCB rights went to a low of 5 cents and GOK had a much lower holding than what they have in KPLC
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Rank: Member Joined: 8/17/2010 Posts: 116
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sean_george wrote:The govt has over 340 million rights to sell,so a demand of 8 M rights is nothing.
The value of the govt rights on the 23rd will be zero, so as we near that date it will be willing to sell even at 50 cents rather than let them lapse We have remaining 15 working days from tomorrow till 23rd December. so watch total right trdings are 340m & above or not. If not then apply for addition right.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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sean_george wrote:The govt has over 340 million rights to sell,so a demand of 8 M rights is nothing.
The value of the govt rights on the 23rd will be zero, so as we near that date it will be willing to sell even at 50 cents rather than let them lapse sean_george, Welcome to Wazua! The demand of 8 million is not the only demand there is. It is the demand that had actually been keyed in. Likewise we know that there is at least 340 million GoK rights that have to come to the market at some point. However, GoK rights are not likely to be just placed on the board for sale. These have already been marketed to various fund managers and institutions and preliminary book building has been done. All that these guys are waiting for is to establish an agreeable price and chances are that we will just see the trades flash across the screen one of these days. I would therefore not count on a price of 50 cents. Methinks 2/= is more realistic, but we will see. I would personally not hesitate to pull the trigger at 1/= if I saw offers at that price. Oh, how I am praying!
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Rank: Chief Joined: 1/3/2007 Posts: 18,259 Location: Nairobi
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The GoK Rights will come later... and the Buyers will be lined up too beforehand... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Hello Joined: 11/18/2010 Posts: 1 Location: Nairobi
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mwanahisa wrote:sean_george wrote:The govt has over 340 million rights to sell,so a demand of 8 M rights is nothing.
The value of the govt rights on the 23rd will be zero, so as we near that date it will be willing to sell even at 50 cents rather than let them lapse sean_george, Welcome to Wazua! The demand of 8 million is not the only demand there is. It is the demand that had actually been keyed in. Likewise we know that there is at least 340 million GoK rights that have to come to the market at some point. However, GoK rights are not likely to be just placed on the board for sale. These have already been marketed to various fund managers and institutions and preliminary book building has been done. All that these guys are waiting for is to establish an agreeable price and chances are that we will just see the trades flash across the screen one of these days. I would therefore not count on a price of 50 cents. Methinks 2/= is more realistic, but we will see. I would personally not hesitate to pull the trigger at 1/= if I saw offers at that price. Oh, how I am praying! IMHO it will be hard for KPLC to raise all the 9.5 billion . KCB is more of a bluechip company but it missed its target by 3 billion; its hard to see a parastatal raising 9.5 billion. Foreigners especially are likely to shun it coz of mzungu 'swamp of corruption' sentiment. Anyone who oversubscribed to KCB got full allocation, i expect the same thing will happen with KPLC.
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Bmisoka wrote:IMHO it will be hard for KPLC to raise all the 9.5 billion .
KCB is more of a bluechip company but it missed its target by 3 billion; its hard to see a parastatal raising 9.5 billion. Foreigners especially are likely to shun it coz of mzungu 'swamp of corruption' sentiment.
Anyone who oversubscribed to KCB got full allocation, i expect the same thing will happen with KPLC. Bmisoka, I also welcome you to Wazua. I note that this is your maiden post, so I think congratulations are in order. KCB and KPLC have different dynamics e.g. KCB's was the 3rd rights issue within this decade. Not so for KPLC. In KCB's case investors were somewhat leery or jaded with the constant cries/appeals for more money from the Board/Mgt and some folks felt that they did not have too much to show for it. I happen to have taken a contrary position but that's not the point. 9.5 Billion is not exactly a lot of money these days, so we will not even need foreigners to mop the whole issue up. Both KenGen's IPO and their PIBO raised close to 30B which shows you money is there. All it requires is for investors to be convinced they can make money.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Bmisoka wrote:IMHO it will be hard for KPLC to raise all the 9.5 billion .
KCB is more of a bluechip company but it missed its target by 3 billion; its hard to see a parastatal raising 9.5 billion. Foreigners especially are likely to shun it coz of mzungu 'swamp of corruption' sentiment.
Anyone who oversubscribed to KCB got full allocation, i expect the same thing will happen with KPLC. Welcome to the game @Bmisoka K.PL.C and K.C.B are completely different.. Speaking from very credible sources.. The interest in the K.P.L.C rights is very high.. I mean today they even traded higher than the actual share on the market...  Plus there are only 7000 shareholders as opposed to K.C.B's hundreds of thousands... I don't think any of these will be willing to sell their rights at less than they are currently asking for(4-6)... And i also believe that G.O.K rights have already been pre sold to the big boys all we need to see are the trades... So I wonder where guys interested in this rights issue but aint shareholders will find these rights... Certainly not from me, @VVS, @2012, and the rest on wazua Mark 12:29
Deuteronomy 4:16
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Trading of Renounceble rights now underway, forget kitu kubwa!
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