Wazua
»
Investor
»
Stocks
»
BRITAK IPO: The Money Maker
Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
|
dunkang wrote: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'? you are afraid to say its you . Hahahaha. Atleast you have somebody to blame for wasting your money on britak : YOURSELF !!!!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
September 8th - the rubber meets the road... This IPO will likely teach investors a lesson that IPOs can tank on the 1st day. That lesson will be vital going forward since it will kill off the IPO hype used by biz owners looking for a quick exit. This will force Wanjiku to understand that there is need to understand what is being sold and is it worth the hustle... No more laziness and ignorance from Wanjiku; if you gamble, you lose and that's a good lesson right there. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
|
@hisah, i strongly believe that my 'friend' needs to be advised well, since 'he' has called me right now, asking whether wazuans have an answer. The 'bad' shares were supposed to be credited by 30th August 2011. Ama its this of share that my 'friend' i not understanding? Receive with simplicity everything that happens to you.” ― Rashi
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
dunkang wrote:@hisah, i strongly believe that my 'friend' needs to be advised well, since 'he' has called me right now, asking whether wazuans have an answer.
The 'bad' shares were supposed to be credited by 30th August 2011. Ama its this of share that my 'friend' i not understanding? I'm not sure what were the modalities for this scam of an IPO, but your friend can check with the broker where he bought them shares. I don't know how else to help. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
hisah wrote:September 8th - the rubber meets the road... This IPO will likely teach investors a lesson that IPOs can tank on the 1st day. That lesson will be vital going forward since it will kill off the IPO hype used by biz owners looking for a quick exit. This will force Wanjiku to understand that there is need to understand what is being sold and is it worth the hustle... No more laziness and ignorance from Wanjiku; if you gamble, you lose and that's a good lesson right there. I CONCUR!!
|
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
hisah, Cde, no 'lesson' will be learnt. People said the same after the Safaricom debacle. And what's more, if 'Wanjiku' learns, how will we keep making money?  GOD BLESS YOUR LIFE
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
youcan'tstopusnow wrote:hisah, Cde, no 'lesson' will be learnt. People said the same after the Safaricom debacle. And what's more, if 'Wanjiku' learns, how will we keep making money? Mmm...
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Cde Monomotapa wrote:youcan'tstopusnow wrote:hisah, Cde, no 'lesson' will be learnt. People said the same after the Safaricom debacle. And what's more, if 'Wanjiku' learns, how will we keep making money? Mmm... It will be a good thing since Mr Market will stop acting irrationally. That means nobody fools the other, so no money to be made & the casino will be closed down. People will go back to more productive work models like farming & manufacturing. And this will be real GDP output, no speculative electronic inflated share prices for counters such as paka. I don't think it's a bad thing for people to go back to being physically creative than looking at PC screens & justifying everyday why electronic prices should move up or down. This is why I call it ponzinomics...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Yup. Let assets of all classes be valued on the basis of underlying economic truth hence merit. Let's have more market players incorporate more fundamental objectivity into their investment decisions.
|
|
|
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
|
A pity the mama mboga investors who are suckered into "high returns" avenues because the brokers don't do proper research and ask the right questions. Then the business reporting media in Kenya only has one or two guys who understand stocks, most copy and paste either from brokers or the IPO memo. And generally speaking, the public only recalls KenGen IPO. Sehemu ndio nyumba
|
|
|
Wazua
»
Investor
»
Stocks
»
BRITAK IPO: The Money Maker
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|