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britak undersubscription?
smano
#41 Posted : Wednesday, August 24, 2011 10:08:05 AM
Rank: Elder

Joined: 12/13/2006
Posts: 2,589
Listing is 2nd Sep according to the prospectus
BEER IS LIVING PROOF THAT GOD LOVES US AND WANTS US TO BE HAPPY!
maka
#42 Posted : Wednesday, August 24, 2011 10:13:13 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
This IPO had promising prospects if normal market conditions were at hand but this wasnt the case IMHO a 60% subscription isnt that bad,managing to raise 3.5B when liquidity was and is still tight is impressive...Anything above 9.18 shs(depending on your broker) will be a profit lets see how it plays out...
possunt quia posse videntur
Kenyan Oracle
#43 Posted : Wednesday, August 24, 2011 10:40:30 AM
Rank: Member

Joined: 5/31/2011
Posts: 262
hisah wrote:
Wow! Almost nil interest from the Mboys both local and foreigners. I was thinking that the NSE rebound would give this IPO a boost on listing, but nop. Wanjikus will be left high and dry. The history books will gauge this as the 1st IPO to be listed and tanked!


@Hisah. I beg to differ, I think KQ was the 1st IPO to be listed and tanked. Was floated in 1996 at 11.25 and tanked, was in ICU for 9 years @ 6bob thereabt (thanks to the moieconomics & the shenaningans). We were put out to dry till Sept 2006 when it hit it's all time high of 146
You lose money chasing women, but you never lose women chasing money - NAS
QW25071985
#44 Posted : Wednesday, August 24, 2011 11:15:05 AM
Rank: Veteran

Joined: 3/25/2011
Posts: 946
Kenyan Oracle wrote:
hisah wrote:
Wow! Almost nil interest from the Mboys both local and foreigners. I was thinking that the NSE rebound would give this IPO a boost on listing, but nop. Wanjikus will be left high and dry. The history books will gauge this as the 1st IPO to be listed and tanked!


@Hisah. I beg to differ, I think KQ was the 1st IPO to be listed and tanked. Was floated in 1996 at 11.25 and tanked, was in ICU for 9 years @ 6bob thereabt (thanks to the moieconomics & the shenaningans). We were put out to dry till Sept 2006 when it hit it's all time high of 146



WOW . from 6 bob to 146 . damn . i would love to be on that ride..lol
Kenyan Oracle
#45 Posted : Wednesday, August 24, 2011 11:31:16 AM
Rank: Member

Joined: 5/31/2011
Posts: 262
QW25071985 wrote:
Kenyan Oracle wrote:
hisah wrote:
Wow! Almost nil interest from the Mboys both local and foreigners. I was thinking that the NSE rebound would give this IPO a boost on listing, but nop. Wanjikus will be left high and dry. The history books will gauge this as the 1st IPO to be listed and tanked!


@Hisah. I beg to differ, I think KQ was the 1st IPO to be listed and tanked. Was floated in 1996 at 11.25 and tanked, was in ICU for 9 years @ 6bob thereabt (thanks to the moieconomics & the shenaningans). We were put out to dry till Sept 2006 when it hit it's all time high of 146



WOW . from 6 bob to 146 . damn . i would love to be on that ride..lol

@QW. hahahaha. That ride lasted 10years. Quite hell of a time for a ride
You lose money chasing women, but you never lose women chasing money - NAS
mkonomtupu
#46 Posted : Wednesday, August 24, 2011 11:49:41 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
2006 was a very good year for anyone who used to accumulate KQ just a 1000 shares per month, that was the time you travelled upcountry to see relatives who had the share certificates on the wall as part of the interior decor. I hope another mad bull will come
Jamani
#47 Posted : Wednesday, August 24, 2011 11:57:52 AM
Rank: Elder

Joined: 9/12/2006
Posts: 1,554
mkonomtupu wrote:
2006 was a very good year for anyone who used to accumulate KQ just a 1000 shares per month, that was the time you travelled upcountry to see relatives who had the share certificates on the wall as part of the interior decor. I hope another mad bull will come


Inshallah
guru267
#48 Posted : Wednesday, August 24, 2011 12:31:10 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Every single insurance stock on the NSE has a P/e of less than 5 but BRITAK is listing with a P/E of 7..

The foreigners mustve read the prospectus only once just like me and known they were being duped seriously.. But then again I'm sure almost every retail kenyan mustve bought basing on the ad and not the prospectus


6bob will soon VERY look expensive for this counter
Mark 12:29
Deuteronomy 4:16
Mainat
#49 Posted : Thursday, September 01, 2011 10:21:34 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Listing postponed to next Thursday
Sehemu ndio nyumba
Cde Monomotapa
#50 Posted : Thursday, September 01, 2011 10:53:08 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
guru267 wrote:
Every single insurance stock on the NSE has a P/e of less than 5 but BRITAK is listing with a P/E of 7..

The foreigners mustve read the prospectus only once just like me and known they were being duped seriously.. But then again I'm sure almost every retail kenyan mustve bought basing on the ad and not the prospectus


6bob will soon VERY look expensive for this counter

The Queen of Insurance :-*
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