Usually one thread does the trick don't u think? Gues u are tryin post via celphon.

' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'

Personally am not fundamentally interested in coop. Plus i had an annual investment plan that didn't include IPO's..that way the significance or lack there off is a bonus to my portfolio. I trade..relatively alot too. Like Safcom my take is that any one who's never invested befor..buy coop..go thro the whole cycle and experience the euphoria..that way u kind a get initiated into stocks and we can share rationally and logically..and throw out myths of becomin millionaires over time. I bought into Safcom..for the one reason everyone was plannin to boycot! Gues i was wrong and kenyans proved to be great liars. Cooperative ..am out..so can't even rank it. History repeats itself. That's jus me. I don't need convincing.i won't buy coz i won't buy.

' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'

...na kwa hayo machache.... See you post ipo!

' I have heard of You,o Lord. Now mine eyes have seen thee!! Baal-Perazim.. The Lord of the Breakthrough!!'

means they are offloading only 20% of 3.6B shares = 700 million shares totalling Shs 9.8B

Does it mean that they value Coop bank at 49B capitalisation

See table below and judge for yourself - I am afraid like all the other!!






Source NSE daily prices,4 Sept 2008
no. Shares Issued
Capitalisation


Safaricom Ltd Ord.0.05
40,000,000,000
210 Billion


East African Breweries Ltd Ord 2.00
790,774,356
144 Billion


Equity Bank Ltd Ord 5.00
370,277,702
94 Billion


Barclays Bank Ltd Ord 10.00
1,357,884,000
84 Billion


Bamburi Cement Ltd Ord 5.00
362,959,275
67 Billion


Kenya Commercial Bank Ltd Ord 10.00
2,217,777,777
62 Billion


Standard Chartered Bank Ltd Ord 5.00
271,967,810
51 Billion


KenGen Ltd. Ord. 2.50
2,198,361,456
47 Billion





Coop Bank 3,600,000,000 shares issued 49 Billion

Any body has the Prospectus already? where can i get one on line? Will investing in Coop bank not be as tragic as Scom given that the issued shares are close yet IPO price is almost thrice. Whats the effect of foreigners in IPO's? All these i need answers before prospect can be estimated.

Supply of other stocks sold to fund coop IPO purchase may push other counters down and better purchases than coop.

Watch out Never touch a Live Wire.


I may be Subdued but am not Vanquished.
Dont work Hard,work Smart