Curioser and curioser... This IPO given the NSE bear makes even less sense. Unless, its bcos some of the anchor shareholders would like to move away from the limelight as Mzee retires.
By my reckoning the profit drop in 2010 brings its numbers into prior years, that is, 2010 was a one-off.
For those thinking of making a fast buck, do you recall Everready? It traded at Ksh18 in the 1st week, but only those who had placed sell orders before the IPO and had harassed their equally sharp brokers on the 1st day of trading, managed to get out with any fast buck.
Sehemu ndio nyumba