Wanjiku must learn fast how to read a prospectus and perform comparative analysis of securities. The 'vendors' this year seem destined to rob her the hard earned money!
The real exit stampede is yet to arrive as Wanjiku bolts for the door to avoid the massacre. I had earlier predicted a Ksh 4.50 price but based on todays fall, a price below Ksh 4 may well print before the year is over, epecially if the fall in profits is as dramatic as anticipated in the prospectus.
Anybody who perused the IPO prospectus would not have touched this IPO. Thats why only Wanjiku bought.
Happy Hunting.
x handle: @stocksmaster79