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BRITAK IPO: The Money Maker
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FUNKY
#331 Posted : Tuesday, July 26, 2011 11:28:32 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
@ guru267 - We will not be charged the commission but the brokers will earn the commission.
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Renegade
#332 Posted : Tuesday, July 26, 2011 12:04:10 PM
Rank: Member

Joined: 4/18/2009
Posts: 118
FUNKY wrote:
@ guru267 - We will not be charged the commission but the brokers will earn the commission.

Plus, they will most likely earn more commission when you sell through them (most likely at a loss). Either way, they come out ahead.
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Bw Editor
#333 Posted : Tuesday, July 26, 2011 12:19:15 PM
Rank: Hello

Joined: 7/25/2011
Posts: 5
Like i said yesterday, i think you should. i would advocate you do. heck at nine bob, how low can it go? even the share of a financialmsector company like NBK, which is struggling to get new and younger bank customers as wazees diminish in banking halls, has its share listed above. using my example jana britak has stakes invested in Equity and HF both of which have recorded heft profits http://britishamericanbl...cess-tips-from-kirubi/. Where have they put a minimum of 2,000 shares? that locks out small time guys who they are supposed to enlist if they ever want to hack microinsurance?
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Magnetic Touch
#334 Posted : Tuesday, July 26, 2011 12:29:55 PM
Rank: Member

Joined: 12/31/2008
Posts: 90
Bw Editor wrote:
Like i said yesterday, i think you should. i would advocate you do. heck at nine bob, how low can it go? even the share of a financialmsector company like NBK, which is struggling to get new and younger bank customers as wazees diminish in banking halls, has its share listed above. using my example jana britak has stakes invested in Equity and HF both of which have recorded heft profits http://britishamericanbl...cess-tips-from-kirubi/. Where have they put a minimum of 2,000 shares? that locks out small time guys who they are supposed to enlist if they ever want to hack microinsurance?


Bw. Editor, So just go ahead and buy it. But you would be better off buying Equity and HFCK rather than Britak.
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Cde Monomotapa
#335 Posted : Tuesday, July 26, 2011 12:30:33 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Price is what you pay. Value is what you get.
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selah
#336 Posted : Tuesday, July 26, 2011 12:35:08 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@fyatu Finally got the same offer from my broker whose targets price is about 13/= post IPO.

My reasons for not buying this share is the NO. of shares...if there is an over-subscription then the share will be depressed like Safaricom...if the share is under subscribed there is hope of trading @ 13/=
'......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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kenyainvestor
#337 Posted : Tuesday, July 26, 2011 12:35:18 PM
Rank: Member

Joined: 7/12/2011
Posts: 194
Bw Editor, how do you 'value' your shares? I don't believe one can just say that NBK is trading a higher value than Britak's IPO price. You seem to be looking at them in terms of absolute prices.

Do you know the projected Britak performance for next year?

My concerns however do not eliminate the possibility of an opportunity to make money in this IPO as such opportunities do exist in Public many offerings.

How long is your investment timeframe?
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cynic
#338 Posted : Tuesday, July 26, 2011 12:41:36 PM
Rank: Hello

Joined: 7/26/2011
Posts: 1
In Kenya shares have never followed fundamentals, at least positive info. negative info is quickly adjusted into the share price but not vice versa. I have stated that Britak owes a huge chunk of its balance sheet to capital gains on property disposal as opposed to business acumen in insurance.

AM buying these shares, 50K actually but only for 1 day. I want to take advantage of the market hubris & make @ least 50K. Otherwise I guarantee that that share will dip in such a dramatic fashion that will make TC look like a blue chip. Guys you only have at most Friday the 2nd of September to be rich or to whine for the rest of your miserable lives
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selah
#339 Posted : Friday, July 29, 2011 10:48:17 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
News just in:
BritakGroup MD Benson Wairegi is optimistic they will raise their Sh5.58b IPO target or even surpass it as the share offer draws to a close.
'......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
#340 Posted : Friday, July 29, 2011 11:02:00 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
@ Selah- link please.
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