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BRITAK IPO: The Money Maker
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youcan'tstopusnow
#231 Posted : Tuesday, July 05, 2011 1:13:06 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Hunderwear wrote:
As the genuine deal will tel you one better keep his money or even better invest it in CIC!

??????
GOD BLESS YOUR LIFE
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stock.enigma
#232 Posted : Tuesday, July 05, 2011 1:55:28 PM
Rank: Member

Joined: 8/14/2009
Posts: 244
Offer of a share of par value of 10c at Ksh9 = 90*par value. Safcom offer share of par value of 5c at Ksh5=100*par value. Still reading!!!!
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selah
#233 Posted : Tuesday, July 05, 2011 2:14:35 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
can some one give us a link to the prospectus.

Is it true the per value is 10 cents?
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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FUNKY
#234 Posted : Tuesday, July 05, 2011 2:22:20 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
If the par value is really 10 cents i will never put my money in Britak.
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mukiha
#235 Posted : Tuesday, July 05, 2011 2:37:51 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
FUNKY wrote:
If the par value is really 10 cents i will never put my money in Britak.

Par value has little to do with the value of the share! What you should be asking about is the NAV - net asset value. This tells you what you are actually buying.

Par value only tells you how much the share was worth when the company was formed... and a lot of water has passed under that bridge....
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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mukiha
#236 Posted : Tuesday, July 05, 2011 2:40:01 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
BTW: the NAV is Sh4.92
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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FUNKY
#237 Posted : Tuesday, July 05, 2011 2:45:25 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
If the NAV is 4.92/- and they want us to pay such a high premium buy buying it at 9/-. According to me this will be another Eveready and Safaricom. Those who out their money make sure you sell it on the first day and cash in.
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Layman
#238 Posted : Tuesday, July 05, 2011 2:57:14 PM
Rank: Member

Joined: 9/21/2006
Posts: 422
Location: Nairobi
What is net asset value?
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selah
#239 Posted : Tuesday, July 05, 2011 3:05:31 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
mukiha wrote:
BTW: the NAV is Sh4.92


4.08 premium sounds too much unless the company offers some good future prospect, which some of the wazuans have cast some serious doubts,but if we were to compare it with other listed companies I think the price is a little better than most of them when it comes To NAV v/s Market price.


'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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youcan'tstopusnow
#240 Posted : Tuesday, July 05, 2011 6:58:08 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Where is PKoli? We would appreciate his ideas on all the IPOs which are in the pipeline. Maybe he should start a blogsmile
GOD BLESS YOUR LIFE
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