Strat Aero Share Discussion Threads

[yorgi] 06/2/2017 17:24

I think we could be looking at an exciting day tomorrow :-)

[yorgi] 06/2/2017 17:23

His pockets would be deep enough Tidy and although AERO slipped up last year as we all know the potential for the UAV market is massive looking forwards and AERO would give them a step up into that market and very cheaply at the present market cap.

I don't think the market has caught on yet to what this could mean for AERO.......maybe not but it does look like a possibility. Buying 12% at this low level gives RAI group a good start at a low price.

[kemche] 06/2/2017 17:21

Or they could be after the accumulated losses for tax purposes. So many possibilities. But since they have business savvy I don't think they would be after the trading business as it is just far too successful for them.

[tidy 2] 06/2/2017 17:17

That's what he does. He buys up companies he likes and rebuilds them. The billionaire Rai family has bought the collapsed PanPaper Mills for Sh900 million, paving the way for reopening of the factory that closed shop in 2009.Jaswat Rai, the chairman of the business group, told the Business Daily that they had acquired the company and will revive it within the next few months.The announcement is good news for Bungoma County, specifically Webuye town, residents where many people lost jobs or business deals when the firm collapsed more than a decade ago.Rai Group has agreed to pump Sh6 billion into the paper mill over a five to ten year period. "I am informed that this investment will yield close to 1,500 jobs for the people of Bungoma and Western Kenya within the next three years," President Uhuru Kenyatta said Thursday while accompanied by Bungoma County leaders, including Governor Ken Lusaka."The good news also is that the investor has given an assurance that former employees of PanPaper Mills will be given priority as the initial employees to be re-absorbed into the business," he added.The purchase is a major coup for Rai Group, which has been angling for the assets for years, amid speculation they wanted to turn the plant into a timber business.READ: Panpaper may be sold to a timber trader cheaply without regard for public gainsPanPaper Mills adds to the Rai's business empire which includes several sugar industries, a plywood firm, an edible oil refinery and paper and wheat milling.They have interests in Ngano Wheat farms (Tanzania), Menengai Oil, West Kenya Sugar, Kinyara Sugar Works (Uganda), Sukari Industries (Kenya) and Timsales, which is also associated with the Kenyatta family.The Rai Group is not new in the paper industry. In 2005, it acquired the Mufindi Paper mills in Tanzania. PanPaper owed creditors Sh3 billion as of 2009 when it was closed, leaving thousands of workers jobless.http://www.businessdailyafrica.com/Billionaire-Rai-family-buys-PanPaper-for-Sh900m/539546-3180826-9ajutlz/index.html

[yorgi] 06/2/2017 17:14

If and it is a big if, if RAI group were going for a takeover then they would want to acquire as many shares as they could at this low price before they reached the position they had to bid for the rest of the company. I'm not suggesting they are but it is of course a possibility and from reading the news item in the Business Daily Africa from April 2016 it would not exactly make much of a dent in his bank balance I would think.

As I posted earlier RAI Group might just want a slice of AERO as they recognised the potential for the drone market and that AERO would give them a bite of that apple.

However it is possible they have plans that they would like to develop and would like the whole lot, that is not out of the question in my mind.

We will see what tomorrow brings :-)

[yorgi] 06/2/2017 16:50

Thanks for being on the ball Dr Jekyll, yes it does look like we may well have the right Rai Group now. Looking most interesting :-)

[kemche] 06/2/2017 16:45

this time in a much more positive way :-)


Was it ever anything but? :-)

[dr jekyll] 06/2/2017 16:43

Sorry tidy 2 been out. You have the right RaiGroup now though I think.

[yorgi] 06/2/2017 16:32

Interesting day and I would think a very good chance we will see another TR1 tomorrow but we will have to wait and see. It has certainly made things interesting here again........this time in a much more positive way :-)

Looking forwards to seeing what tomorrow brings :-)

[kemche] 06/2/2017 16:25

Of course he does - it is an excellent company!

[yorgi] 06/2/2017 16:23

I'm quite certain a man like Jaswant Rai is not looking for a quick buck on a couple of hundred thousand pounds but has a good reason to be buying into AERO and does he want the lot !

[yorgi] 06/2/2017 16:19

That dip was soon snapped up by buyers :-)

[yorgi] 06/2/2017 16:03

Billionaire Rai family buys PanPaper for Sh900m

By GERALD ANDAE, [e-mail]

Posted Friday, April 29 2016 at 04:00

[yorgi] 06/2/2017 15:58

That is a very good question of course but I'm sure he knows where he sees the value in AERO from his point of view.

Will we see another TR1 RNS !

[tidy 2] 06/2/2017 15:53

Question is how will UAV drones help his business. Company OverviewRai Group Limited is an industrial conglomerate with interests in paper mills, heavy metal industries, and sugar mills. The company is based in Kenya.

[yorgi] 06/2/2017 15:49

All very interesting Tidy and where does AERO fit in with that or what is it he wants from AERO ?

Just a decent slice for a decent profit or a bigger long term plan !

[tidy 2] 06/2/2017 15:47

Jaswat Rai.

[tidy 2] 06/2/2017 15:47

Company OverviewRai Group Limited is an industrial conglomerate with interests in paper mills, heavy metal industries, and sugar mills. The company is based in Kenya.

[yorgi] 06/2/2017 15:43

Those taking advantage a week ago and just over at around .12p are smiling now :-)))

[yorgi] 06/2/2017 15:42

Very interesting that's for sure :-)

[yorgi] 06/2/2017 15:39

"Group Managing Director"

[yorgi] 06/2/2017 15:38

If you look at that second link it refers to RAI group.

[tidy 2] 06/2/2017 15:37

Mt Rai of Rai Group sounds like the boss to me.

[yorgi] 06/2/2017 15:36

Haven't found their website yet :

[tidy 2] 06/2/2017 15:36

It's rai group not holdings isn't it ?