G-lo,

It looks like your brother bought rights at 0.20 cents each and then went ahead to pay for the shares at 14/= making it 14.20.  For me I went in and bought x rights at 0.60 cents.  I waited until the rights closed and then gave my broker 14*x kshs to buy the rights and so far so good.  Obviously if you made your payments at the same time and you are missing 600 rights,it follows that you are missing 600 shares too!  That would amount to 8520 kshs.  Your brother needs to keep following up with the broker such that if they can't trace the share+ rights,they can at least refund your money.  Pole sana and good luck!

Go-lo,

I do not understand how that could have happended!  However,I think at this point in time we should be talking about Olypmia shares and not rights as the deadline to buy the shares that appartained to those rights you bought was on 28th september.  So now have you bought the shares yet (at 14/= per right)?  Are they also 600 less?

I think the likely reason is that the investments are mostly out of the country and obviously offers a good hedge in case of a spill over trouble in an election year,one will have an egg left.  Read latest business news in the web site- http://www.olympiacapital.co.ke/section.asp?ID=22

“Group chief executive Mr. Michael Matu in an interview with FS last week”

I hope this link helps to enlighten those who may not understand 'rights'

http://www.olympiacapital.co.ke/faqs.asp#faq12

Vitu et al.,

My broker is D&B. Naturally,after buying the rights through them,I thought they should go ahead and buy the shares provided I supply the funds.

Anyway,has anybody managed to buy the shares after buying the rights?  I mean buying the 14/= shares that one is entittled to after purchasing rights?  If you are out there,tell us how you went about it.

Thank you.

You can visit Tsavo Investment Advisors who are Transaction Advisors to this issue,   for more info if you are a shareholder you have upto 28 september to pay up,as of last friday 22m share out of 30m shares had already been taken.

By the close on sept 28 other share holders would have taken the remaing bulk.

The funds will be used ;

for expansion,aquistion of machinery,boosting their plants in SA,Botwsana and Kenya.

Olympia is a Cyclical Stock as its in Building Materials and in sectors which perform in upturns of an economic cylce,wld recommend a buy for medium term.

Vitu et al.,

I need to know the procedure of buying shares after buying the OCHL rights.  I know I have up to 28th to do so,but do not know how to go about it.  A visit to my broker was not helpful either.  I think the people at the counter/enquiries at my broker's office  know nothing more other than buying and selling shares; rights and their relationship with share purchases appear all too foreign to them.  Any ideas?  thank you'all.

Like every other good deal stuck in town,I think NIC is also awaiting CMA approval ( just like CFC etc).

I wish they would speed up and reform like the rest of Kenya!