Wazua
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britak undersubscription?
Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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BIDS 13.07M Quantity Price Splits Time 15,000 6.70 1 10:54:48 2,000 6.65 1 10:54:48 25,000 6.60 2 10:54:48 150,000 6.50 1 10:54:48 20,000 6.30 1 10:54:48 ASKS 7.43M Quantity Price Splits Time 2,000 8.50 1 10:54:48 6,500 8.80 1 10:54:48 15,000 8.85 1 10:54:48 2,300 8.90 1 10:54:48 264,100 8.95 5 10:54:48 TRADES Quantity Price Time 8,000 8.50 10:38:33 55,000 8.50 10:38:33 6,000 8.10 10:38:33 8,500 8.00 10:38:33 2,500 8.00 10:37:15 Look at that spread between Bid & Offer... This share is going to 8/- soon unless BRIT's current shareholders prop it up temporarily! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/26/2006 Posts: 463 Location: CENTRAL PROVINCE
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stocksmaster wrote:Mainat wrote:Listing postponed to next Thursday 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. And 1 week post listing as predicted, the share does trade below Ksh 7. x handle: @stocksmaster79
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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With no floor in sight. Still up in the air... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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VituVingiSana wrote:BIDS 13.07M
Quantity Price Splits Time
15,000 6.70 1 10:54:48
2,000 6.65 1 10:54:48
25,000 6.60 2 10:54:48
150,000 6.50 1 10:54:48
20,000 6.30 1 10:54:48
ASKS 7.43M
Quantity Price Splits Time
2,000 8.50 1 10:54:48
6,500 8.80 1 10:54:48
15,000 8.85 1 10:54:48
2,300 8.90 1 10:54:48
264,100 8.95 5 10:54:48
TRADES
Quantity Price Time
8,000 8.50 10:38:33
55,000 8.50 10:38:33
6,000 8.10 10:38:33
8,500 8.00 10:38:33
2,500 8.00 10:37:15
Look at that spread between Bid & Offer... This share is going to 8/- soon unless BRIT's current shareholders prop it up temporarily! hey @vvs. your nelly data login ISNT working anymore . what are you using to get live nse prices ?????
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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stocksmaster wrote:stocksmaster wrote:Mainat wrote:Listing postponed to next Thursday 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. And 1 week post listing as predicted, the share does trade below Ksh 7. Greaat prediction there @Stocksmaster! This IPO has just wiped away any investor confidence left in Wanjiku! @SufficientlyP
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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i cannot believe what i am seeing !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Down 9%
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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guru267 wrote:@31 dec 2011
1 BRITAK share = kshs4.50
Since Mr Market is in the mood of killing all britak Wanjikus if we assume a 9% drawdown for the next 5 trading days, your target is very optimistic!?
15-09-2011 5.80
16-09-2011 5.25
19-09-2011 4.75
20-09-2011 4.30
21-09-2011 3.90
Therefore by end of day on Monday 20th the share will have capitulated to 4.30. By month end, no need to guess. The capitulation damage will be a complete massacre for any speculator still surviving.
Wanjiku's last ray of hope has been crashed and this is going to affect other IPOs in the pipeline which are being lined up. The uptake will be very poor. PPT has to jerk up this britank scam to save the IPO pipeline...
This is the best lesson of an IPO ever. In one week the share has tanked 35.5%. All those caught out in this just take it as a hard lesson you had to learn and assume you lost your hard earned cash to a grand con or some silent robbery...
This will definitely be one looong bear with Wanjiku having capitulated from Jan 2011 and now a nasty IPO seen as a last ditch hope with their over-subscription. Money has no morals 
In this game, be first, be smarter or cheat...!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Ngai fafa!!....i will get in at 3bob Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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and alight at 6bob....not unless this is another paka power Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Fyatu wrote:Ngai fafa!!....i will get in at 3bob Keep your money away from this monkey. You can make something even from NBK than this one...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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