If CFCI is correcting itself the way it is doing and its an introduction just wait after this share has been listed,I will be waiting for it at 3 bob.

These are my reasons.

It has issued too many shares which I think mirrors that of safaricom,This will create a glut once its listed as speculators try to get off.

I have noticed equity bank is offering 100% financing for this IPO other banks offer 80% financing...Now I dont know if its the great faith this banks have on this company,I think I will sit out on this one just Like I did on nEverReady IPO

Nope!This is where the faith is..the banks will make money when the not too clever investors pay the loans(I wonder with money from where?Others are waiting to sell at a profit and pay the loan if the share appreciates,jeez!(I wonder if you can pay a loan at a lumpsum without a hefty penalty for having shortened the repayment period a.k.a interest a.k.a profits for the bank!)And if the share tanks,losses galore due to the cost of the loan!And if unable to service the loan,the shares are repossessed(remember they were the collateral) at a throw-away price and you continue servicing the remainder of the loan!AND THAT IS WHERE THE FAITH IS!!

@selah & all. 80% financing just means they are willing to wait for a 20% drop, worst case scenario. how comes they finance you that yet take your 100% portfolio as security? they always hope it will not pull a TCL.

Today is definitely a big Day

extending on the D-day of closing wilt be catastrophic. it will imply that the full subscription being talked about has not been archived, this will trigger massive panic among those who have already submitted their funds.