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British American IPO
mukiha
#21 Posted : Friday, June 03, 2011 8:04:53 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
This email dropped into my inbox today:

"We have made significant progress towards the British American IPO. The listing is still in process and a lot of work is being done to ensure that we get the necessary approvals from the Capital Markets Authority. The listing of British-American will be within the next 3- 12 weeks and will give an opportunity to Kenyans, to share in the success of the company. The IPO will be open for approximately three weeks only......"
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
youcan'tstopusnow
#22 Posted : Friday, June 03, 2011 9:11:05 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mukiha wrote:
This email dropped into my inbox today:

"We have made significant progress towards the British American IPO. The listing is still in process and a lot of work is being done to ensure that we get the necessary approvals from the Capital Markets Authority. The listing of British-American will be within the next 3- 12 weeks and will give an opportunity to Kenyans, to share in the success of the company. The IPO will be open for approximately three weeks only......"

Equity to handle?
GOD BLESS YOUR LIFE
QW25071985
#23 Posted : Friday, June 03, 2011 10:04:52 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
youcan'tstopusnow wrote:
mukiha wrote:
This email dropped into my inbox today:

"We have made significant progress towards the British American IPO. The listing is still in process and a lot of work is being done to ensure that we get the necessary approvals from the Capital Markets Authority. The listing of British-American will be within the next 3- 12 weeks and will give an opportunity to Kenyans, to share in the success of the company. The IPO will be open for approximately three weeks only......"

Equity to handle?


duh ???
the deal
#24 Posted : Saturday, June 04, 2011 1:22:40 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
that updated report on Britak will be up on the blog this weekend.
the deal
#25 Posted : Saturday, June 04, 2011 2:05:44 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
2011 will be a bad year for insurance stocks...only the strong will make it...reason: rising interest rates, low retirns from the equity market and high inflation( people will cancel or delay taking insurance cover)...i have seen this personally when the going gets tough the first thing people remove from their salary slips is Insurance.
QW25071985
#26 Posted : Saturday, June 04, 2011 4:06:06 PM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
am really anxious to see how these IPOS slated for june july will fare.We are heading into a period in the market thats very sluggish as foreigners take to their three month vacation on the other hand we have locals who have refused to take hold of the market.add on to that we have a pending election...Laughing out loudly
An oversubscription in these ipos will be a blessing from the most High...
gatoho
#27 Posted : Saturday, June 04, 2011 4:38:08 PM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
selah wrote:
sometime I think some of us unsophisticated investors get duped quite easily.How does a company that is wishing to list move from a loss of 421,123 million to 2.7 billion within a year.Something is not right somewhere,given that most of the profit came from investment income in a market that was very depressed.




421,123 million?
Foresight..
For Sport
#28 Posted : Saturday, June 04, 2011 4:46:33 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
gatoho wrote:
selah wrote:
sometime I think some of us unsophisticated investors get duped quite easily.How does a company that is wishing to list move from a loss of 421,123 million to 2.7 billion within a year.Something is not right somewhere,given that most of the profit came from investment income in a market that was very depressed.




421,123 million?


334 million according to this article:
http://af.reuters.com/ar...s/idAFJOE72M07520110323
sparkly
#29 Posted : Sunday, June 05, 2011 9:54:02 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
the deal wrote:
...i have seen this personally when the going gets tough the first thing people remove from their salary slips is Insurance.


When? Aren't you still a student?
Life is short. Live passionately.
the deal
#30 Posted : Sunday, June 05, 2011 10:20:36 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
sparkly wrote:
the deal wrote:
...i have seen this personally when the going gets tough the first thing people remove from their salary slips is Insurance.


When? Aren't you still a student?

Laughing out loudly Laughing out loudly now everybody on Wazua knows i go to school...i have seen from working friends...what has been your exprience with insurance? the report is coming out today...i have added a comparative analysis segment to see how they fare compared to their peers i.e cic...jub and kenya re.
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