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BRITAK'S OPENING TRADE
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guru267
#121 Posted : Monday, September 12, 2011 1:10:19 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
2012 wrote:
Aguytrying wrote:
No demand(50,000), not on the board. Supply at 7.40. total supply 3M.


Good people, please help me understand. This counter has traded for less than 1 month, so my question is 'who is selling?' How do you buy something and sell it at 17% loss in a week or 2? Why won't they hold for 1 or 2 years?



BRITAK has guys who bought at 1bob and even 50cents when it was still private..

These are the guys exiting.. Plus Wanjiku must be in a terrible panic selling spree!! smile

Its at 7.50 now.. WOW!! I cant believe i almost got into this one
Mark 12:29
Deuteronomy 4:16
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Mainat
#122 Posted : Monday, September 12, 2011 1:17:15 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Until we get objective and independent equity research analysts, IPO overpricing will continue to be the norm.
Either that or CMA will have to be strong and say investors have to get professional advice before participating in IPOs.
Sehemu ndio nyumba
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the deal
#123 Posted : Monday, September 12, 2011 1:25:02 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
When I met the management I told them their IPO was overpriced...you should have seen the look on their face...ofcourse it was too late to pull off the IPO!
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Sober
#124 Posted : Monday, September 12, 2011 1:30:19 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
what is the price today?
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Ali Baba
#125 Posted : Monday, September 12, 2011 1:34:45 PM
Rank: Member

Joined: 8/29/2008
Posts: 573
The Deal:Well,the rule of "Caveat emptor" applies.So,whoever bought at one bob or nine bob,they law assumes they did due diligence before committing their money....
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lovely2010
#126 Posted : Monday, September 12, 2011 1:39:39 PM
Rank: Member

Joined: 10/25/2010
Posts: 519
Location: nairobi
the deal wrote:
When I met the management I told them their IPO was overpriced...you should have seen the look on their face...ofcourse it was too late to pull off the IPO!


Do you remember you also encouraged people to buy after meeting them? Hope people didnt take ur advice...
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2012
#127 Posted : Monday, September 12, 2011 1:41:43 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
lovely2010 wrote:
the deal wrote:
When I met the management I told them their IPO was overpriced...you should have seen the look on their face...ofcourse it was too late to pull off the IPO!


Do you remember you also encouraged people to buy after meeting them? Hope people didnt take ur advice...


@the deal, what would have been the fair price?

BBI will solve it :)
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QW25081985
#128 Posted : Monday, September 12, 2011 1:43:33 PM
Rank: User

Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
I never bought this monkey coz the market was just tooooooooooooooooo bearish and also i HAD NO CASH !!!!!!!!!!!!!!! lol . Thank goodness for being broke ...
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Mainat
#129 Posted : Monday, September 12, 2011 1:46:17 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
the deal wrote:
When I met the management I told them their IPO was overpriced...you should have seen the look on their face...ofcourse it was too late to pull off the IPO!


Didn't you get a job offer so you could change your views smile
Sehemu ndio nyumba
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  | | Edit by user: Monday, September 12, 2011 1:51 PM | Reason: Not specified
Aguytrying
#130 Posted : Monday, September 12, 2011 2:26:19 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
What made me change my mind, was the projected eaarnings for this fy. and projected eps and p.e. How is an insuarance company going to trade at a p.e of 13.00 with the current market condition.

BTW should it be classified as insuarance company or investment company(like centum)
The investor's chief problem - and even his worst enemy - is likely to be himself
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