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15 Pages«<12131415>
Unga limited takeover
Angelica _ann
#261 Posted : Wednesday, July 25, 2018 6:33:20 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,418
Ericsson wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Mastermind wrote:
xxxxx wrote:
Ericsson wrote:
mlennyma wrote:
Angelica _ann wrote:
VituVingiSana wrote:
An interesting question:
What if Seaboard doesn't get to 75%?
[Remember BOC and Carbacid]


They failed flat on their bid.

what next?price fall?or price rise as they continue to chase the remaining %


Price will fall with a thump
Good! As a net buyer, I like it! Applause Applause Applause

Time for @vvs and co shareholders in the minority to canvas and avoid being screwed.

They should form a coalition (Unga Minority Ltd) and consolidate their shares. That way they will have a say.

The offer by Seaboard has put a floor of sorts under the share price.

I was not a seller at 40 (NAV 50+) so I will try to buy the shares of those who Wasaliti who want out and I hope at less than 40. Seaboard wants to takeover Unga and it will be back. Patience is key.
In the meantime, based on 1H results, 2H should be a good half too!

Hapa mzee umenoa, nothing like a floor of sorts; Seaboard offered the purchase at a premium, Unga shares were trading circa KES 30 prior to the once in a lifetime offer and are likely to trend downwards first thing on Monday.. I wish you well though

And REA were trading at 27 when Robinows offered 40 and finally Centum paid 85 ... No, I do not think Seaboard will offer 85 but the Adjusted NAV was 67 according to the Circular/Valuation by Faida.
Thanks for your good wishes.


Centum sold all their portfolio in the Quoted equities segment


What will they be selling next now that their willy dealer is MIA?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
VituVingiSana
#262 Posted : Thursday, July 26, 2018 9:19:29 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
Centum has indicated they plan to continue selling 2-3 plots per year at Two Rivers.
They will (or have) start marketing plots in Pearl Marina and Vipingo.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Superprime1
#263 Posted : Friday, July 27, 2018 9:19:58 AM
Rank: Member


Joined: 5/2/2018
Posts: 200
Seaboard Corporation says it intends to proceed with its proposal to delist Unga Group from the NSE and will seek the go-ahead at an EGM "to be convened in due course".

The firm says it has decided to waive the minimum acceptance threshold and intends to complete the acquisition of the shares for which acceptances were received.

"All other conditions of the Seaboard Offer have been fulfilled and the offer has become unconditional in all aspects. Accordingly, all Unga Group shareholders who accepted the Seaboard Offer will be paid the cash offer price of Sh40 per share."
Pesa Nane
#264 Posted : Friday, July 27, 2018 12:59:29 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,087
Location: 08c
CMA mpo?

Pesa Nane plans to be shilingi when he grows up.
obiero
#265 Posted : Friday, July 27, 2018 2:05:41 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,666
Location: nairobi
Pesa Nane wrote:
CMA mpo?


Holding out for what? An intelligent investor would have cashed out at KES 40 despite the wishy-washy judgment of NAV/fair value, the world is not fair, never has been..
COOP 5,500; KCB 3,700; KQ 221,100
VituVingiSana
#266 Posted : Friday, July 27, 2018 3:21:19 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
obiero wrote:
Pesa Nane wrote:
CMA mpo?


Holding out for what? An intelligent investor would have cashed out at KES 40 despite the wishy-washy judgment of NAV/fair value, the world is not fair, never has been..

Tunangoja "Open Offer" ne wengine 30% of the shares are out there Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#267 Posted : Friday, July 27, 2018 3:23:27 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,666
Location: nairobi
VituVingiSana wrote:
obiero wrote:
Pesa Nane wrote:
CMA mpo?


Holding out for what? An intelligent investor would have cashed out at KES 40 despite the wishy-washy judgment of NAV/fair value, the world is not fair, never has been..

Tunangoja "Open Offer" ne wengine 30% of the shares are out there Laughing out loudly Laughing out loudly Laughing out loudly

Lol. That was a funny comeback. Pole lakini mzee wangu
COOP 5,500; KCB 3,700; KQ 221,100
VituVingiSana
#268 Posted : Friday, September 28, 2018 8:56:02 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
@PesaNane, my guy! Please do what you do best smile smile smile
I hear there is some good news.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
anjali3109
#269 Posted : Friday, September 28, 2018 9:05:49 AM
Rank: Hello


Joined: 9/28/2018
Posts: 1
Location: Delhi
This is very nice to see it.
Full Body Massage in Delhi at Affordable Price.
Pesa Nane
#270 Posted : Friday, September 28, 2018 2:34:07 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,087
Location: 08c
VituVingiSana wrote:
@PesaNane, my guy! Please do what you do best smile smile smile
I hear there is some good news.


Keep it right here. Been sitting on it..... zuku manenos
Pesa Nane plans to be shilingi when he grows up.
obiero
#271 Posted : Thursday, November 15, 2018 8:24:08 AM
Rank: Elder


Joined: 6/23/2009
Posts: 11,666
Location: nairobi
AGM at KSG Kiambu on 06.12.2018
COOP 5,500; KCB 3,700; KQ 221,100
VituVingiSana
#272 Posted : Friday, November 30, 2018 12:07:02 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
No. 4 - Unga Group Limited: Top 5 Listed Companies In Kenya: Invest In Africa @Nabo Capital

https://www.youtube.com/watch?v=8yQoTp4a6VI
100/- in 2013 to 226/- in 2018 (126% in 5 years)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#273 Posted : Wednesday, December 12, 2018 12:37:55 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
Another vid from Pius Mugo of Nabo Capital
https://www.youtube.com/...HY&feature=youtu.be
Unga mentioned
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Yliett
#274 Posted : Monday, January 07, 2019 4:03:08 PM
Rank: New-farer


Joined: 12/23/2018
Posts: 31
Location: germany
I am not sure but i think that they hold majority of the company. Maybe somebody from the forum can correct me. I think that the price they are offering is a little low. They should more than that. What do you think guys? Given the market value and conditions, is the price right?
VituVingiSana
#275 Posted : Tuesday, January 15, 2019 11:58:39 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
No cash? Give maize.
Good for Unga

https://www.businessdail...6792-5sb3o1z/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#276 Posted : Monday, March 04, 2019 5:51:49 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,666
Location: nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
Pesa Nane wrote:
CMA mpo?


Holding out for what? An intelligent investor would have cashed out at KES 40 despite the wishy-washy judgment of NAV/fair value, the world is not fair, never has been..

Tunangoja "Open Offer" ne wengine 30% of the shares are out there Laughing out loudly Laughing out loudly Laughing out loudly

Lol. That was a funny comeback. Pole lakini mzee wangu

40% profitability dip. The world is not fair..
COOP 5,500; KCB 3,700; KQ 221,100
obiero
#277 Posted : Monday, March 04, 2019 5:55:45 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,666
Location: nairobi
obiero wrote:
tandich wrote:


It seems many shareholder's don't agree Seaboard Corporation's very penurious valuation. I'm surprise the board, which I suspect is captured, recommended it.

It's curious that they blame the post for their failure.

@VituVingiSana hold on. Maybe someone will launch a counter-offer offer at the 11th Hour. Additional time is just enough to almost preclude a counter.-offer Smart business by Seaboard.

Quote:
During the Offer period, Seaboard has received numerous queries from Unga shareholders with requests for resubmission of the Offer documents that were originally dispatched to them via post by the Registrars. This is primarily attributed to the changes in postal addresses and/or relocation of shareholders whose new details are not updated with the Central Depository and Settlement Corporation.

In order to allow more time for shareholders to consider the Seaboard Offer and respond accordingly, Seaboard has obtained the approval of the Capital Markets Authority to extend the Closing Date by 10 working days. The Seaboard Offer will now close at 5.00pm on Thursday 28th June 2018.

Save as noted above, the terms and conditions of the Seaboard Offer as set out in the Seaboard Offer Document shall continue to apply.

There shall be no counter offer. It is God who has come to the rescue of those that were undecided

God himself offered a way out but some chose to hang on to a sinking ship
COOP 5,500; KCB 3,700; KQ 221,100
VituVingiSana
#278 Posted : Wednesday, March 06, 2019 11:27:23 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
obiero wrote:
obiero wrote:
tandich wrote:


It seems many shareholder's don't agree Seaboard Corporation's very penurious valuation. I'm surprise the board, which I suspect is captured, recommended it.

It's curious that they blame the post for their failure.

@VituVingiSana hold on. Maybe someone will launch a counter-offer offer at the 11th Hour. Additional time is just enough to almost preclude a counter.-offer Smart business by Seaboard.

Quote:
During the Offer period, Seaboard has received numerous queries from Unga shareholders with requests for resubmission of the Offer documents that were originally dispatched to them via post by the Registrars. This is primarily attributed to the changes in postal addresses and/or relocation of shareholders whose new details are not updated with the Central Depository and Settlement Corporation.

In order to allow more time for shareholders to consider the Seaboard Offer and respond accordingly, Seaboard has obtained the approval of the Capital Markets Authority to extend the Closing Date by 10 working days. The Seaboard Offer will now close at 5.00pm on Thursday 28th June 2018.

Save as noted above, the terms and conditions of the Seaboard Offer as set out in the Seaboard Offer Document shall continue to apply.

There shall be no counter offer. It is God who has come to the rescue of those that were undecided

God himself offered a way out but some chose to hang on to a sinking ship

Laughing out loudly Laughing out loudly Laughing out loudly Unga is profitable. It also paid a dividend for FY 2018.
My dividend for 1 Unga share was greater than than the profits KQ has made in the last 5 years Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#279 Posted : Sunday, May 05, 2019 11:24:51 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,896
Location: Nairobi
Unga steps up competition with Eldoret wheat plant
https://www.businessdail...01378-g7kc91/index.html

"The company already has an existing line besides the new “state-of-the-art” plant expected to more than double capacity."
The new capacity is probably more efficient.

"The line, earlier slated for commissioning in October, was opened in mid-December, according to the firm chief executive officer Nick Hutchinson."
Revenue and costs in 2H may increase. Profits may be tougher to come by given the issues surrounding maize, competition, drought and politics.

"plans to install a soya meal production line at its Dakar Road, Nairobi, plant in the course of the 2018/2019 financial year."
Long-term planning.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#280 Posted : Monday, May 06, 2019 8:30:28 AM
Rank: Elder


Joined: 6/23/2009
Posts: 11,666
Location: nairobi
VituVingiSana wrote:
Unga steps up competition with Eldoret wheat plant
https://www.businessdail...01378-g7kc91/index.html

"The company already has an existing line besides the new “state-of-the-art” plant expected to more than double capacity."
The new capacity is probably more efficient.

"The line, earlier slated for commissioning in October, was opened in mid-December, according to the firm chief executive officer Nick Hutchinson."
Revenue and costs in 2H may increase. Profits may be tougher to come by given the issues surrounding maize, competition, drought and politics.

"plans to install a soya meal production line at its Dakar Road, Nairobi, plant in the course of the 2018/2019 financial year."
Long-term planning.

I wish you well mzee
COOP 5,500; KCB 3,700; KQ 221,100
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