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BRITAK IPO: The Money Maker
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mlennyma
#381 Posted : Friday, August 05, 2011 12:37:00 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Iam a member.
"Don't let the fear of losing be greater than the excitement of winning."
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youcan'tstopusnow
#382 Posted : Friday, August 05, 2011 12:50:42 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
20 bob times how many issued shares? Kuwa serious guy.


Nkt! Stop being a party pooper!Laughing out loudly
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#383 Posted : Friday, August 05, 2011 12:56:02 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Sober wrote:
Cde Monomotapa wrote:
Word is it's being extended??


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 it will imply that the full subscription being talked about has not been archived, this will trigger massive panic among those who have already submitted their funds.


Panic they may, but what's done is done. Ama?
GOD BLESS YOUR LIFE
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Cde Monomotapa
#384 Posted : Friday, August 05, 2011 1:07:23 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Sober wrote:
Cde Monomotapa wrote:
Word is it's being extended??


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 it will imply that the full subscription being talked about has not been archived, this will trigger massive panic among those who have already submitted their funds.


Panic they may, but what's done is done. Ama?

Indeed.
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Cde Monomotapa
#385 Posted : Friday, August 05, 2011 1:09:34 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Cde Monomotapa wrote:
20 bob times how many issued shares? Kuwa serious guy.


Nkt! Stop being a party pooper!Laughing out loudly

Laughing out loudly Laughing out loudly good thing i'm no Miguna. Hamwezi nifuta...crap..Wazua can. Tihihi.
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guru267
#386 Posted : Friday, August 05, 2011 1:18:47 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Guys I wouldn't compromise my investment principles for anything let alone an IPO..

The company forecasts an earnings for 2011 of 1.028billion and with 2.15billion shares listed the EPS will be 0.47 giving a forward PER of 18...

I also won't touch it because their earnings have no direction. Take a look at this:

Profits for 5 years
2006: 444,299,000

2007: 2,028,232,000

2008: 242,567,000 (lower than 2006)

2009: (421,123,000) (this loss exposes their vulnerability to the NSE performance)

2010: 2,713,784,000 (year before listing)

2011: 1,028,000,000 (management forecastS lower profits than last year)

One question I have to people who are in this IPO is would you have bought this company if it were already listed??
Mark 12:29
Deuteronomy 4:16
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  | | Edit by user: Friday, August 05, 2011 1:23 PM | Reason: Not specified
young
#387 Posted : Friday, August 05, 2011 1:23:23 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
guru267 wrote:
Guys I wouldn't compromise my investment principles for anything let alone an IPO..

The company forecasts an earnings for 2011 of 1.028billion and with 2.15billion shares listed the EPS will be 0.47 giving a forward PER of 18...

I also won't touch it because their earnings have no direction. Take a look at this:

Profits for 5 years
2006: 444,299,000

2007: 2,028,232,000

2008: 242,567,000 (lower than 2006)

2009: (421,123,000) (this loss exposes their vulnerability to the NSE performance)

2010: 2,713,784,000 (year before listing)

2011: 1,028,000,000 (management forecastS lower than last year)

One question I have to people who are in this IPO is would you have bought this company if it were already listed??


Spots on.
Figures don't lie.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Cde Monomotapa
#388 Posted : Friday, August 05, 2011 1:26:15 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
guru267 wrote:
One question I have to people who are in this IPO is would you have bought this company if it were already listed??

Good question @guru. Can we get some answers pple!
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sparkly
#389 Posted : Saturday, August 06, 2011 9:06:48 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Lets wait for market to discover the true price.
Life is short. Live passionately.
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dunkang
#390 Posted : Sunday, September 04, 2011 1:14:35 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Quote:

Table 6: Timetable for the Offer Shares
Activities Completion details Timing Date
1. Offer Opening and launch T+0 12 July 2011
2. Offer Closing and last date and time for acceptance and payment for New Shares T+24 5 August 2011
3. Allotment and announcement of the Offer results* T+42 23 August 2011
4. Final date for payment for Shares to Receiving Bank for applications against irrevocable bank
guarantees
T+44 25 August 2011
5. Commencement of electronic crediting of CDS accounts and issuance of share certificates to
Authorised Selling Agents
T+45 26 August 2011
6. Commencement of payment of Refunds through Electronic Funds Transfer or Refund
Cheques
T+45 26 August 2011
7. Deadline for crediting of the CDS Accounts T+50 31 August 2011
8. Listing and Commencement of Trading (two weeks after allotment) at the NSE T+52 2 September 2011
*The dates indicated above may be subject to change with the prior approval of the CMA. Any such amendments will be published in the press



'I have a friend' who bought this 'very bad idea' and has requested me to ask wazuans whether they have received the allocated shares in their cds a/c.

I have checked the prospectus for 'him' and found the above quoted info (table 6 on page 27 - Timetable for the Offer Shares) that may be the cause of 'his' worries.

Anyone willing to assist a Wazuan's 'friend'?
Receive with simplicity everything that happens to you.” ― Rashi

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