Wendz wrote:
Interesting how all investors here keep claiming that cash is king when the market is on the low... because you are able to get bargains etc.... I dont know what makes it different for companies... they are trying to position themselves before everything hits rock bottom and starts to rise again..... that way, even if you were a shareholder, you'd commend them for the job they have done... not waiting until the tide is up in the sky for them to start "investing"... if one way of raising that cash for expansion and getting into real estate is by way of IPO, then the management is doing a great job to their shareholders.... dont you agree?
For an IPO I'd rather invest in an upward moving market than otherwise. Yeah cash is King. For the other stocks you are able to get a bargain since u have a track record + fundamentals as a guideline. Their timing is just wrong. Also with so many companies rushing to offload to the public is there something fishy (using the Kengen, Mumias & Kenya Re examples) just before 2012? I know some might say the examples given were Gova shareholding but the same IPO's & listing are cronies for the same Gok.
You lose money chasing women, but you never lose women chasing money - NAS