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Transcentury IPO
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PATTIE
#1 Posted : Friday, February 11, 2011 3:13:03 AM
Rank: Member

Joined: 1/20/2009
Posts: 73
hey another IPO in the pipeline.
involved in RVR, metal business, banking-equity, dev bank, hfck and others. the co. is deeply rooted in the mwais govt.
@wazuans
will this be a stock to watch when it comes on board?
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erifloss
#2 Posted : Friday, February 11, 2011 8:02:36 AM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
Actually what they are doing is simply cashing out before Kibaki's term is over. They want to come into the bourse equity style. IMHO buyer beware coz most of their big deals have been solely due to their govt influence and the shareholding still looks like a billionaires club thus so secretive and are always afraid of uncertainty over their investments. Naturally a new govt is an unknown beast....
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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VituVingiSana
#3 Posted : Friday, February 11, 2011 8:05:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
They are NOT raising cash [as I understand it] but plan to list the shares on NSE then let 'us' buy them... I will read the IM but probably give it a pass...

Yes, they are buying political insurance!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Wa_ithaka
#4 Posted : Friday, February 11, 2011 9:12:17 AM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
It has diversified away from Kenya in recent times.

Wacha nione price then will decide.
The Governor of Nyeri - 2017
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Burning Spear
#5 Posted : Friday, February 11, 2011 10:19:01 AM
Rank: Veteran

Joined: 7/22/2008
Posts: 1,139
erifloss wrote:
Actually what they are doing is simply cashing out before Kibaki's term is over. They want to come into the bourse equity style. IMHO buyer beware coz most of their big deals have been solely due to their govt influence and the shareholding still looks like a billionaires club thus so secretive and are always afraid of uncertainty over their investments. Naturally a new govt is an unknown beast....



that is not correct.Kindly devoid from the village talk and analyse issues as they are.
"You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
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mwariama
#6 Posted : Friday, February 11, 2011 10:38:35 AM
Rank: New-farer

Joined: 10/22/2010
Posts: 40
Location: kenya
They are targeting a listing price of Ksh 2050. During their private placement a share was going for Ksh 712.
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webish
#7 Posted : Friday, February 11, 2011 10:52:56 AM
Rank: Member

Joined: 10/19/2009
Posts: 671
Location: Nairobi
mwariama wrote:
They are targeting a listing price of Ksh 2050. During their private placement a share was going for Ksh 712.

crazy!

Life is joy, death is peace, but the transition is very difficult.
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mjuaji wa stocks
#8 Posted : Friday, February 11, 2011 11:07:41 AM
Rank: Member

Joined: 1/16/2010
Posts: 672
Location: nairobi
erifloss wrote:
Actually what they are doing is simply cashing out before Kibaki's term is over. They want to come into the bourse equity style. IMHO buyer beware coz most of their big deals have been solely due to their govt influence and the shareholding still looks like a billionaires club thus so secretive and are always afraid of uncertainty over their investments. Naturally a new govt is an unknown beast....



Pure truth ....... i wont touch them eve with 2 yard stick..... it is an exit strategy......

Very secretive ...... made purely of most big boys ...... better centum ........ ama BRITAK!

To me is a big NOOOO!!


God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!
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muganda
#9 Posted : Friday, February 11, 2011 12:37:02 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Often it's advised in every deal to determine the answer to this question - Who is making the money?

You see sometimes, it can be the buyer, other times the seller. In this case, the sellers will make the money.

A broker once asked me to purchase the share at 40/= OTC. While based on my rough calculation for 2009 P/E ~25 (non-listed co), top-line declined 15% and net-profit 60%.
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For Sport
#10 Posted : Friday, February 11, 2011 12:59:19 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
VituVingiSana wrote:
They are NOT raising cash [as I understand it] but plan to list the shares on NSE then let 'us' buy them... I will read the IM but probably give it a pass...

Yes, they are buying political insurance!


If they're not raising cash for any investments / expansion of operations, I'd pass. Smacks of a cashing in / bailing out.
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