wazua Tue, Mar 31, 2026
Welcome Guest Search | Active Topics | Log In

6 Pages«<23456>
Precision Air IPO
Options
Previous Topic · Next Topic
Cde Monomotapa
#31 Posted : Monday, September 19, 2011 11:32:00 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mwekez@ji wrote:
Aguytrying wrote:
mwekez@ji wrote:


Precision Air profits: Now you see them, now you don’t


http://www.theeastafrican.co.ke...560/1238374/-/3vu0hjz/-/


This caught my eye:

"Analysts estimate Precision Air’s value at $100 million if it will be looking to raise $30 million from selling a 31 per cent stake. This means that KQ which made an initial investment of $1.6 million in 2003 will be valued at $34 million"


Similar to what will happen to Michael Shirima who founded PW in 1993. An answer to why they are happily welcoming the mammoth dilution

.

Let's just call it un-locking value ;-)
Back to top
  |
the deal
#32 Posted : Tuesday, September 20, 2011 8:00:16 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Stupidity is to hold an IPO and sell only 59 million shares...
Back to top
  |
mwekez@ji
#33 Posted : Tuesday, September 20, 2011 9:35:20 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
the deal wrote:
Stupidity is to hold an IPO and sell only 59 million shares...


circa KES 1B. They want an outright oversubscription so that they can post headlines like “Investors are overconfident with Precision Air”. That will augur well with the share price in the secondary market
Back to top
  | | Edit by user: Tuesday, September 20, 2011 10:33 AM | Reason: Not specified
VituVingiSana
#34 Posted : Tuesday, September 20, 2011 12:40:41 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Sigh... @thedeal is still learning. No point in raising cash you do not need since it reduces the ROE. Cash does not earn you much vs (most) investments.

Let PW raise what it needs not raise cash just coz it can!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
the deal
#35 Posted : Tuesday, September 20, 2011 12:53:42 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
Sigh... @thedeal is still learning. No point in raising cash you do not need since it reduces the ROE. Cash does not earn you much vs (most) investments.

Let PW raise what it needs not raise cash just coz it can!

I was referring to Liquidity of the stock...59 Mln will make the stock not trade for month considering we are talking of the DSE here...why not price it even at TSh100 and create more shares since now the whole is allowed to participate!
Back to top
  |
Mainat
#36 Posted : Tuesday, September 20, 2011 12:59:24 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
ze deal-good pt. While we don’t want a repeat of Safcom IPO fiasco, issuing 59million shares means that 20,000 investors will get 3,000 shares each. Even worse if its 200,000 investors.
Sehemu ndio nyumba
Back to top
  |
VituVingiSana
#37 Posted : Tuesday, September 20, 2011 3:14:38 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
This is Tanzania - where even the most liquid stocks hardly trade!

Also TZS 475 = KES 25 so perhaps the idea was to 'match' the KQ Rights price?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
mwekez@ji
#38 Posted : Tuesday, September 20, 2011 5:31:14 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121

... are Tanzanians interested in taking the 59M shares
Back to top
  |
mwekez@ji
#39 Posted : Wednesday, September 21, 2011 2:17:51 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Back to top
  |
Sober
#40 Posted : Wednesday, September 21, 2011 6:04:19 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
58,841,750 shares on offer at 28.00 Ksh each. i am in.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
Back to top
  |
6 Pages«<23456>
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.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.