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NSE IPO
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sparkly
#91 Posted : Thursday, July 24, 2014 9:00:48 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
hisah wrote:
hisah wrote:
At the moment I'm just wondering if this IPO is to test the waters to see if IPOs can make a comeback. The market is still anti-IPOs after wanjikus got killed by mpesa bank's mega IPO. Then coop bank IPO then britak IPO which all sunk hard post listing. The rate at which wanjikus have also sold out of mpesa bank during GFC then 2011 and now shows that anti-IPO sentiment is still strong.

So for institutionals this is still a good time to accumulate the IPO weakness until the herd comes rushing back as IPOs once again become the hottest thing in town.

#MarketMaking101

My sentiment has been confirmed. The sale targets wanjiku with a min of 500 shares @9.50

IPO sale loot to pay off mortgage and upgrade IT systems.

And with that I'm no longer interested. Not a buy for me. Can't waste time chasing this with wanjikus and can't dish out my cash to pay someone's mortgage and IT systems.

@mweke - profit warning definitely will arise. Rights will be postponed as well as IPOs/listings as the market bends lower led by mpesa bank... Unless liquidity is pumped into the market soon, NSE20 bias is downwards fundies and cartoons to boot.



Measly shares on offer but no doubt some investors will feel privileged to be members of the "exclusive club". I suspect the share will be oversubscribed, even rise steeply after IPO then the reality will set in, like what happened with Home Afrika and Neverready.
Life is short. Live passionately.
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mlennyma
#92 Posted : Thursday, July 24, 2014 9:09:09 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
My feeling is also that it will be oversubscribed and you wont get fully what you apply for except the minimum share amount applicants.the future of the nse is almost guaranteed.
"Don't let the fear of losing be greater than the excitement of winning."
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mwekez@ji
#93 Posted : Thursday, July 24, 2014 9:36:30 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
BGL wrote:
anyone seen the information memorandum?


Link ---> https://www.nse.co.ke/nseipo/NSE-Web-Prospectus-2014.pdf
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Aguytrying
#94 Posted : Thursday, July 24, 2014 9:49:51 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@sparkly. sometimes I read your posts and think I'm the one who wrote them! those are my precise thoughts. I think I can flip this one.
Diamond trust bank is currently raising 3.6 effortlessly. this is raising around 600m. it may rally for a while before it cools down
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#95 Posted : Thursday, July 24, 2014 9:54:36 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mlennyma wrote:
My feeling is also that it will be oversubscribed and you wont get fully what you apply for except the minimum share amount applicants.the future of the nse is almost guaranteed.


let's hope ppl can get more than they applied for. Nse has a way to go its still growing. imagine JSE making 3.5b kshs PAT, means it's not a bad time to get it.....especially after the initial excitement, for a long hold
The investor's chief problem - and even his worst enemy - is likely to be himself
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maka
#96 Posted : Thursday, July 24, 2014 10:01:07 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Aguytrying wrote:
@sparkly. sometimes I read your posts and think I'm the one who wrote them! those are my precise thoughts. I think I can flip this one.
Diamond trust bank is currently raising 3.6 effortlessly. this is raising around 600m. it may rally for a while before it cools down


Question is whether to buy pre or post...then there is the small matter of refunds hope it will be handled efficiently.
possunt quia posse videntur
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Aguytrying
#97 Posted : Thursday, July 24, 2014 10:15:47 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
maka wrote:
Aguytrying wrote:
@sparkly. sometimes I read your posts and think I'm the one who wrote them! those are my precise thoughts. I think I can flip this one.
Diamond trust bank is currently raising 3.6 effortlessly. this is raising around 600m. it may rally for a while before it cools down


Question is whether to buy pre or post...then there is the small matter of refunds hope it will be handled efficiently.


buy pre. rally wazimu, uzia kamtu. wait on the sidelines buy back for good when soberness returns.
The investor's chief problem - and even his worst enemy - is likely to be himself
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maka
#98 Posted : Thursday, July 24, 2014 10:20:18 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Aguytrying wrote:
maka wrote:
Aguytrying wrote:
@sparkly. sometimes I read your posts and think I'm the one who wrote them! those are my precise thoughts. I think I can flip this one.
Diamond trust bank is currently raising 3.6 effortlessly. this is raising around 600m. it may rally for a while before it cools down


Question is whether to buy pre or post...then there is the small matter of refunds hope it will be handled efficiently.


buy pre. rally wazimu, uzia kamtu. wait on the sidelines buy back for good when soberness returns.

Brings fond memories of Kengen...Those were nice days.smile
possunt quia posse videntur
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Tall Order
#99 Posted : Thursday, July 24, 2014 11:03:45 AM
Rank: Member

Joined: 5/9/2014
Posts: 130
Location: Nairobi
I don't think they would mishandle the refunds should need be especially as they are expected to lead by example otherwise investor confidence would be shattered.
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Akenyan2014
#100 Posted : Thursday, July 24, 2014 11:35:58 AM
Rank: Member

Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
maka wrote:
Aguytrying wrote:
maka wrote:
Aguytrying wrote:
@sparkly. sometimes I read your posts and think I'm the one who wrote them! those are my precise thoughts. I think I can flip this one.
Diamond trust bank is currently raising 3.6 effortlessly. this is raising around 600m. it may rally for a while before it cools down


Question is whether to buy pre or post...then there is the small matter of refunds hope it will be handled efficiently.


buy pre. rally wazimu, uzia kamtu. wait on the sidelines buy back for good when soberness returns.

Brings fond memories of Kengen...Those were nice days.smile


And NSE chairman is former Kengen CEO
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