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NSE IPO
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Sufficiently Philanga....thropic
#51 Posted : Monday, July 14, 2014 10:27:11 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
The optimist wrote:
Aguytrying wrote:
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 smile Drool


Thanks @Aguy

Great job @Aguy and thanks too @Mweke for highlighting that one off event. One thing i know, making money from brokers is one Great task. One would rather be safe than sorry when dealing with these dealmakers.
@SufficientlyP
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Aguytrying
#52 Posted : Monday, July 14, 2014 12:44:12 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
given the facts that have come to light concerning the written back debts for the NSE. I urge members to exercise caution. the deal is not as good as I thought. decide for yourselves.
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#53 Posted : Monday, July 14, 2014 12:46:23 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Sufficiently Philanga....thropic wrote:
And now HF



Geez! If that monthly HF cartoon closes with that kind of candlestick hold on tight. Classic upthrust selloff unfolding! Member selling out could have just topped out the price...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Sufficiently Philanga....thropic
#54 Posted : Monday, July 14, 2014 12:54:38 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
@Hisah, check out the HF RSI as per the cartoonssmile

@SufficientlyP
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hisah
#55 Posted : Monday, July 14, 2014 1:48:03 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@philanga - Monthly Cartoon with volume. Clearly no demand as per volume and price spread. This thing will fall back to 30.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#56 Posted : Monday, July 14, 2014 1:52:29 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
And before I get kicked for hijacking the NSE IPO thread with HF cartoon with @philanga, we duly say sorry for the topic derailment, but had to point out the sellside in that cartoon.

As for the NSE IPO, I'll be staying out of it. If the IPO was launched in 2011 I'd participate. But after a strong bull, not a nice deal for me.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Kastone
#57 Posted : Monday, July 14, 2014 2:07:27 PM
Rank: New-farer

Joined: 3/1/2014
Posts: 82
@hisah well put. This stock is only for speculators but not investors
“The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Sufficiently Philanga....thropic
#58 Posted : Monday, July 14, 2014 2:07:37 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Indeed @Hisah, our sincere apologies.
Now back to matters NSE IPO.....
@SufficientlyP
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  | | Edit by user: Monday, July 14, 2014 2:10 PM | Reason: Not specified
Aguytrying
#59 Posted : Monday, July 14, 2014 4:02:16 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Sufficiently Philanga....thropic wrote:
Indeed @Hisah, our sincere apologies.
Now back to matters NSE IPO.....


no apologies necessary. this NSE IPO is turning into dead rubber anyway.

"be wary of new listings during a bull run"
the wise words of Graham ring a bell.
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#60 Posted : Monday, July 14, 2014 4:23:08 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
Sufficiently Philanga....thropic wrote:
Indeed @Hisah, our sincere apologies.
Now back to matters NSE IPO.....


no apologies necessary. this NSE IPO is turning into dead rubber anyway.

"be wary of new listings during a bull run"
the wise words of Graham ring a bell.

To date coop and britak are the only guys that got balls to list an IPO in a bear market. Coop was just too daring listing during the GFC while britak did so during the KES collapse as the USD went wild with crazy inflation spike and a dizzy lending rates hike.

But IPOs are always sold in a bull for obvious reasons. Sellers market.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Monday, July 14, 2014 4:26 PM | Reason: Not specified
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