Its not overpriced as it seems...if u use other valuation metrics apart from PE...once again throw away that stupid IM and look at their AR...my beef is the source of their 2010 profits...i.e they sold their stake in a Zambian metal company at Sh130M having bought it at Sh420M, also a piece of land they bought at Sh46M was worth Sh416M in 2010...SMH!!!!

My biggest concern is that 2 companies with close ties to the Kibaki administration are listing one yrs b4 his term ends,when the stock exchange is in a bear run and the economic growth prospect showing signs of contracting.With prices which to me seem over priced.

50% owners cash out... No need to look at P/E or other valuations. Why sell 50% if there is more juice to squeeze...

i am buying......

On page 147 of the IM, TCL have indicated that they expect to get over 99% (1796/1809) of their profit in 2011 from power division in the following way:



I think they are unrealistic.

The good thing with listing by introduction is that even though they are talking of a price of 50, we are at liberty to bid at the price we think the company is worth. I will be bidding at a price that is way way way lower