CapitalMarketsGeek wrote:Anyone who cares to study IPOs would have seen it clearly, its is a repeatitive phenomeno for over 60 yrs..... after a period of IPO underpricing follows a period of IPO overpricing..following this, Safaricom IPO was overpriced and is now trading at its market value, what Scom need to do is to buy back a junk of its shares and leavarage it with debt, in short, take loans and buy back it share. Its not their best interest to dislist and they need not to!
What do you mean by "
what Scom need to do is to buy back a junk (sic) of its shares"
SCOM has NEVER sold shares to the public!!
Therefore SCOM cannot buy them back!!
GoK is the one you should be talking about...it was the one that sold shares during the IPO..
If that were to happen, the balance sheet of SCOM would not change an inch!!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.