They should have considered postponing listing to January 2013! Wanjiku was duped here big time!

I have a feeling that by the end of the 1st week post listing, the share will trade below Ksh 7. Institutional investors, high net worth investors and foreigners avoided this IPO......wonder who will be buying on listing as the few that bought make a mad dash for the exit! It will be a massacre this one!

And to imagine at least some 2 local banks were issuing loans for people to buy into the IPO (was it 85% financing?)!!
I find that irresponsible on the part of the banks! The two banks may be left holding a substancial amount of Britak shares (if substancial numbers took up the loan offers) if the share does go below 20% of issue price (ie Below Ksh 7).

Happy hunting.

I can see even the reporter of biz daily doesn't know which firm is listing the ipo... See the photo. Biz daily goofs are just too much... Reading blogs or twitter updates is more liable than paying for this copy-paste paper...

http://www.businessdaily...8/-/915nspz/-/index.html

I'm so glad i stayed out. Numbers dont lie. It would've been a good deal if the n.s.e was up, because they are too exposed to the n.s.e. Where are their half year reports? I expect a major profit warning. Unless they do what CFCIH has done.

Ofcourseth! All the banksters in the house raise ur glasses

Kesho is d-day