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PATTIE
#1 Posted : Friday, February 11, 2011 3:13:03 AM
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Joined: 1/20/2009
Posts: 73
hey another IPO in the pipeline.
involved in RVR, metal business, banking-equity, dev bank, hfck and others. the co. is deeply rooted in the mwais govt.
@wazuans
will this be a stock to watch when it comes on board?
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erifloss
#2 Posted : Friday, February 11, 2011 8:02:36 AM
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Joined: 6/21/2010
Posts: 514
Location: Nairobi
Actually what they are doing is simply cashing out before Kibaki's term is over. They want to come into the bourse equity style. IMHO buyer beware coz most of their big deals have been solely due to their govt influence and the shareholding still looks like a billionaires club thus so secretive and are always afraid of uncertainty over their investments. Naturally a new govt is an unknown beast....
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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VituVingiSana
#3 Posted : Friday, February 11, 2011 8:05:17 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,215
Location: Nairobi
They are NOT raising cash [as I understand it] but plan to list the shares on NSE then let 'us' buy them... I will read the IM but probably give it a pass...

Yes, they are buying political insurance!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Wa_ithaka
#4 Posted : Friday, February 11, 2011 9:12:17 AM
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Joined: 1/7/2010
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Location: nbi
It has diversified away from Kenya in recent times.

Wacha nione price then will decide.
The Governor of Nyeri - 2017
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Burning Spear
#5 Posted : Friday, February 11, 2011 10:19:01 AM
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Joined: 7/22/2008
Posts: 1,139
erifloss wrote:
Actually what they are doing is simply cashing out before Kibaki's term is over. They want to come into the bourse equity style. IMHO buyer beware coz most of their big deals have been solely due to their govt influence and the shareholding still looks like a billionaires club thus so secretive and are always afraid of uncertainty over their investments. Naturally a new govt is an unknown beast....



that is not correct.Kindly devoid from the village talk and analyse issues as they are.
"You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
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mwariama
#6 Posted : Friday, February 11, 2011 10:38:35 AM
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Joined: 10/22/2010
Posts: 40
Location: kenya
They are targeting a listing price of Ksh 2050. During their private placement a share was going for Ksh 712.
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webish
#7 Posted : Friday, February 11, 2011 10:52:56 AM
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Posts: 671
Location: Nairobi
mwariama wrote:
They are targeting a listing price of Ksh 2050. During their private placement a share was going for Ksh 712.

crazy!

Life is joy, death is peace, but the transition is very difficult.
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mjuaji wa stocks
#8 Posted : Friday, February 11, 2011 11:07:41 AM
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Joined: 1/16/2010
Posts: 672
Location: nairobi
erifloss wrote:
Actually what they are doing is simply cashing out before Kibaki's term is over. They want to come into the bourse equity style. IMHO buyer beware coz most of their big deals have been solely due to their govt influence and the shareholding still looks like a billionaires club thus so secretive and are always afraid of uncertainty over their investments. Naturally a new govt is an unknown beast....



Pure truth ....... i wont touch them eve with 2 yard stick..... it is an exit strategy......

Very secretive ...... made purely of most big boys ...... better centum ........ ama BRITAK!

To me is a big NOOOO!!


God gave me the power to make wealth ... Blessed the work of my hands & enabled be A SELF MADE BILLIONAIRE ...... TO GOD THE FATHER OF MY LORD JESUS CHRIST; BE THE GLORY NOW & FOREVER MORE!
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muganda
#9 Posted : Friday, February 11, 2011 12:37:02 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,906
Often it's advised in every deal to determine the answer to this question - Who is making the money?

You see sometimes, it can be the buyer, other times the seller. In this case, the sellers will make the money.

A broker once asked me to purchase the share at 40/= OTC. While based on my rough calculation for 2009 P/E ~25 (non-listed co), top-line declined 15% and net-profit 60%.
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For Sport
#10 Posted : Friday, February 11, 2011 12:59:19 PM
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Joined: 12/23/2010
Posts: 1,229
VituVingiSana wrote:
They are NOT raising cash [as I understand it] but plan to list the shares on NSE then let 'us' buy them... I will read the IM but probably give it a pass...

Yes, they are buying political insurance!


If they're not raising cash for any investments / expansion of operations, I'd pass. Smacks of a cashing in / bailing out.
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erifloss
#11 Posted : Friday, February 11, 2011 1:40:18 PM
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Joined: 6/21/2010
Posts: 514
Location: Nairobi
Burning Spear wrote:
erifloss wrote:
Actually what they are doing is simply cashing out before Kibaki's term is over. They want to come into the bourse equity style. IMHO buyer beware coz most of their big deals have been solely due to their govt influence and the shareholding still looks like a billionaires club thus so secretive and are always afraid of uncertainty over their investments. Naturally a new govt is an unknown beast....



that is not correct.Kindly devoid from the village talk and analyse issues as they are.

@Burning Spear,Kindly look into their major investments:-
1. They own a 34% of RVR (Remember who they bought it from)and how they tried to muscle out Citadel bringing everything to a stand still. If RVR is not in anyway associated with the govt.
2. The KPLC share they off loaded the other day were purchased from NSSF. Now if NSSF is not associated with the govt then this is village talk.
3. Avery Kenya that was recently renamed Avery (EA) started in the 70's was initially associated with Ministry of trade. Sole distributors of Avery Weigh - Tronix products in Kenya (Associated with GE).
4. Development bank of Kenya. 89% owned by ICDC not ICDCI(Centum). Gets you to the same story 'govt'.
5. EA Cables maybe the only company that they expanded rapidly after acquisition. Though do you remember the saga sorrouding its price soar and investigations by CMA on the same and the stockbrokers that dealt with the acquisition from Sameer!
6. There was a time they wanted to make a bid for HF, though the plans were scuttled.

Also just to get a touch of this big boys club:
Zeph Mbugua (EA Cable & Transcentury Chairman)
Peter Kanyago (EA Cables Director)
Robin Kimotho
Joseph Kamau
Kariithi Njogu
Jimnah Mbaru (D&B, Britak)
Joseph Karago
Michael Waweru (the KRA Commissioner General) Eddy Njoroge (the CEO of KenGen).

This is no village talk. Read between the lines and check at the period when most of these acquisitions were made and you'll have your own answers.


'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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qw25041985
#12 Posted : Friday, February 11, 2011 8:37:19 PM
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Joined: 5/9/2010
Posts: 1,418
Location: Nai
Whats puzzling me is that they are having all these listings on n.s.e and yet we are having a very risky event around the corner ( elections and Raila will win by the way, lol )...if we missed the Jan bull rally due to this uncertainity who will want to buy the shares at such a risky time .....
All these companies seeking to list in a hurry if u ask me are misinformed and CMA will gladly cash in on commissions and all the fees that come with such listings...Shame on them.
Your future depends on your dreams so go to sleep !
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erifloss
#13 Posted : Saturday, February 12, 2011 1:28:10 PM
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Joined: 6/21/2010
Posts: 514
Location: Nairobi
@qw, puzzling indeed. Britak-Jimnah, transcentury-the group, real insurance-(zeniki investments-zeph mbugua), deacons. Its either new listings or private placements.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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KenyanLyrics
#14 Posted : Saturday, February 12, 2011 11:59:47 PM
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Joined: 4/16/2010
Posts: 906
Location: Nairobi
Should RMS follow suit and exit from private equity to protect themselves from the effects of regime change?
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erifloss
#15 Posted : Sunday, February 13, 2011 12:45:56 AM
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Joined: 6/21/2010
Posts: 514
Location: Nairobi
KenyanLyrics wrote:
Should RMS follow suit and exit from private equity to protect themselves from the effects of regime change?

RMS has been around for long and has gone through 2 regime changes thus developed shock absorbers. The guy is also witty coz he's gone out of his way to make every part of Kenya listen to their own language on radio including the young. This dude is actually playing it safe right now politically and is strengthening his shocks!
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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bartum
#16 Posted : Sunday, February 13, 2011 3:16:31 PM
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Joined: 8/11/2010
Posts: 1,011
Location: nairobi
erifloss wrote:
KenyanLyrics wrote:
Should RMS follow suit and exit from private equity to protect themselves from the effects of regime change?

RMS has been around for long and has gone through 2 regime changes thus developed shock absorbers. The guy is also witty coz he's gone out of his way to make every part of Kenya listen to their own language on radio including the young. This dude is actually playing it safe right now politically and is strengthening his shocks!

cannot list
cant list under receeivership
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