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BRITAK Prospects
guru267
#11 Posted : Saturday, January 07, 2012 6:59:45 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
chalan wrote:
And yes, I bought into the IPO.


Clearly you can't or have no clue how to read a prospectus.. Which is sad because you actually do buy IPO's... All I can say is Good luck waiting for it to ever go back to 9bob¡¡
Mark 12:29
Deuteronomy 4:16
Aguytrying
#12 Posted : Sunday, January 08, 2012 2:19:55 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Britak stock, will take a very long time to see 9 bob. Investors have to be patient, it will take years
The investor's chief problem - and even his worst enemy - is likely to be himself
the deal
#13 Posted : Sunday, January 08, 2012 2:33:22 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
By 2013 this thing should be at Sh13-15, At Sh5 everything is now priced into that share price, smart investors should be now be looking at entry points.
Realtreaty
#14 Posted : Sunday, January 08, 2012 2:57:42 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,389
smile Kenyans are just that perculiar as a MJ said. They do things at the same time! What I want to say is a prospectus is as a dream which may or not come to fruition. Who said under the IPO you cannot make money. OK Britak was @9 but came to @5. If you buy @5 now and sell only what you buy now at below IPO say @7 you could stll make a cool 2 bob per share. If we are lucky investors and good citizens and Kenya becomes rich and have agrowth rate of above 7% Britak would rise to 14 Kes and then 17, 20, 23, upwards. It is not only Britak on its knees, all except City trust and williamson tea!smile
mycool wrote:
Why is Britak trading at the current rates? I didn't expect it to perform this way. Was it overvalued at the IPO? Was it another dump? How long is 'the big boys' lock in?

Cde Monomotapa
#15 Posted : Sunday, January 08, 2012 3:20:02 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
guru267 wrote:
chalan wrote:
And yes, I bought into the IPO.


Clearly you can't or have no clue how to read a prospectus.. Which is sad because you actually do buy IPO's... All I can say is Good luck waiting for it to ever go back to 9bob¡¡

Woiye smile
guru267
#16 Posted : Sunday, January 08, 2012 3:55:24 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
BRITAK did not raise enough cash in the IPO to follow through on its diversification strategies in full.. Couple this with the damage the NSE will do to their 2011 results. I think 9 bob is wishful thinking¡¡¡

Can any investor out there give me one positive fundamental on Britak¿¿
Mark 12:29
Deuteronomy 4:16
mycool
#17 Posted : Sunday, January 08, 2012 7:02:36 PM
Rank: Member

Joined: 4/30/2007
Posts: 92
Didn't buy into the IPO.Was considering an entry at 4 bob and below...Wishful thinking? Does 2012(read elections result) have an impact on this stock?
Decide
#18 Posted : Monday, January 09, 2012 2:44:12 PM
Rank: New-farer

Joined: 12/21/2011
Posts: 15
britak is the stock that we expect to produce more millionaire in a short while that any other listed in N.S.E
You've got to be careful if you don't know where you are going, cause you might not get there!
youcan'tstopusnow
#19 Posted : Monday, January 09, 2012 2:46:39 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Decide wrote:
britak is the stock that we expect to produce more millionaire in a short while that any other listed in N.S.E

Fair enough. Outline your reasons...
GOD BLESS YOUR LIFE
Aguytrying
#20 Posted : Monday, January 09, 2012 4:02:50 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
There is alot of Britank hopium trying to be HAWKED here. If you are a smart investor value it with the P/E of Jubilee its peer that is the leader of this segment. Just wait for the FY results for Britak and calculate the P/E, im sure even at 5 bob its over priced.
The investor's chief problem - and even his worst enemy - is likely to be himself
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