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BRITAK IPO: The Money Maker
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mwanahisa
#201 Posted : Saturday, July 02, 2011 4:14:34 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@the deal, One other question for you.

The Equity Bank share price rose substantially between Jun-30-09 & Jun-30-10. Given this scenario, most of the gains on FVTPL on quoted financial instruments for 2010 arose in the first half of 2010.

The change in price for Equity Bank between 30-06-10 to 30-06-11 is a lot smaller meaning that the gains in H1 2011 will be somewhat miniscule. Of course given what you say about BA having reduced their stake in Equity, there will be some satisfaction in that there will be realised (and not just paper) gains.

Nonetheless, did Mgt give you any indication that they had found a way to limit the scale of the drop in investment income. Or, as Stocksmaster says is an earnings famine on the cards starting this half year?
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  | | Edit by user: Saturday, July 02, 2011 4:15 PM | Reason: Grammar
obiero
#202 Posted : Saturday, July 02, 2011 5:24:14 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,256
Location: nairobi
@guru. with time i have come to immensely respect your decisions. should we buy this thing.

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the deal
#203 Posted : Saturday, July 02, 2011 9:04:48 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
mwanahisa wrote:
@the deal, One other question for you.

The Equity Bank share price rose substantially between Jun-30-09 & Jun-30-10. Given this scenario, most of the gains on FVTPL on quoted financial instruments for 2010 arose in the first half of 2010.

The change in price for Equity Bank between 30-06-10 to 30-06-11 is a lot smaller meaning that the gains in H1 2011 will be somewhat miniscule. Of course given what you say about BA having reduced their stake in Equity, there will be some satisfaction in that there will be realised (and not just paper) gains.

Nonetheless, did Mgt give you any indication that they had found a way to limit the scale of the drop in investment income. Or, as Stocksmaster says is an earnings famine on the cards starting this half year?

None apart from going into real estate,regional expansion and opening more branches...the 2H will be good cos they finished a development in the 1H which theyre going to sell in the 2H.
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2012
#204 Posted : Monday, July 04, 2011 10:19:18 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
If I'm not wrong, according to a Business Daily last week the sahreprice will be at 9/- and they're looking to raise 5B meaning about 550M shares will be on offer, is that right?

If that is so then I think they will be massively oversubscribed.

BBI will solve it :)
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mwanahisa
#205 Posted : Monday, July 04, 2011 10:41:57 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
2012 wrote:
If I'm not wrong, according to a Business Daily last week the sahreprice will be at 9/- and they're looking to raise 5B meaning about 550M shares will be on offer, is that right?

If that is so then I think they will be massively oversubscribed.


I am afraid that you are wrong. The MD was interviewed on CNBC last week and he indicated that the IPO was for 650 million shares and they were seeking to raise 5.85 B.

BTW, what makes you think that this IPO will be MASSIVELY oversubscribed. Remember except for the KPLC rights issue which just squeaked through, both CoopBank and the KCB rights issue were not fully taken up.
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mwanahisa
#206 Posted : Monday, July 04, 2011 11:05:38 AM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
This morning, there was this analyst from Drummond, who when asked whether he would be buying into the BA IPO came straight out and stated bluntly he would rather wait for it on the secondary market. This is very unlike a broker who invariably ALWAYS have BUY recommendations.
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kyt
#207 Posted : Monday, July 04, 2011 11:11:20 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
jitters, i am also skeptic about this, though i will be getting some small cash in it for speculative only
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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2012
#208 Posted : Monday, July 04, 2011 11:21:04 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
mwanahisa wrote:
[quote=2012]Remember except for the KPLC rights issue which just squeaked through, both CoopBank and the KCB rights issue were not fully taken up.


KPLC and KCB were rights. In my views an IPO is different because unlike rights where the current trading price is a big factor in setting the issue price and KCB's mistake was not clearly articulating what they needed the cash for otherwise as you can now see it is a strong counter and has withered that storm. At 9/- I honestly can't see it going south, I can't see anything that would drive it south fundamentally not even the current inflation, do you?

BBI will solve it :)
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  | | Edit by user: Monday, July 04, 2011 11:37 AM | Reason: Not specified
madebe
#209 Posted : Monday, July 04, 2011 11:36:01 AM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
NANI AMEONA PROSPECTUS ATU LINK NAYO
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gathinga
#210 Posted : Monday, July 04, 2011 11:50:11 AM
Rank: Veteran

Joined: 11/30/2006
Posts: 635
mwanahisa wrote:
This morning, there was this analyst from Drummond, who when asked whether he would be buying into the BA IPO came straight out and stated bluntly he would rather wait for it on the secondary market. This is very unlike a broker who invariably ALWAYS have BUY recommendations.


was this analyst speaking to the press?
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