Because i love wazua so much i got my hands dirty and dug up the fundamentos of the NSE.
First, i think it will sky rocket! here are the numbers. please if there's a querry, support it with a calculation.
Im using 212,500,000 as the shares for all calculations. And IPO price at 9.50
FY 2013. PAT- kshs 262.26 million
EPS- 1.23
P/E- 7.7
NAV- 3.44
P/B- 2.8
FY 2012.
PAT- Kshs 84.8 million
EPS- 0.39
PE- 24.4
NAV- 2.32
P/B- 4.1
Conclusion
The shares are being sold at a premium, which is expected. The company performed very well last year, a record profit in the 60 years it has been a company. We cant assume that the company will always do this well. however the profit level could be a new normal for the good years at the bourse like this year is turning out to be. moreover with new products in the pipeline, this level of profit may at least be maintained in the coming years, as long as a bear doesn't show up.
This IPO gets the coveted AGUYS stamp of approval. I'll be signing myself up for some to ride the the excitement....then.... sell to a kamtu at a yet to be disclosed price
The investor's chief problem - and even his worst enemy - is likely to be himself