Guys, if you had the opportunity to get in on this action before the listing would you take it?

@25, my valuation

Based on what book value, earnings ??
The price OTC a few weeks ago before they closed the book at Dyer and Blair was 50- 60 bob.
Can you explain how you came to this value? Ama it was your gut(duodenum, ileum, stomach or rectum) feeling?

@ VVS im also waiting this out. Can not get a handle on the value of this company and with diversification into Africa this guys can cook the books and value the company holding at a huge premium. History of political patronage, the messed up RVR deal and now the gover is building a rival railway.... Nikubaya.
That is only in Kenya what happening to their holdings in other countries. I learned a lesson from Olympia I still need more info.

Looking at the Financial statements, i am sure that these guys are cashing out. Reasons:
1. At a price of around 35 at the OTC with an EPS of 1.29, the share is at a p/e of around 27 & with a div of 0.20 a yield of 1%. They do know it is overpriced in this kind of a market. I presume the div will be paid out of div received from EACBL(Note EACBL's good payout though profits declined)
2.Profits from operating activities only increased by 22% while PBT by 20%. Can't buy when the operational profit & PBT only increase by that much at the above p/e.
3. This is the part where it starts getting funny coz Income tax reduces from 292M to 162M making the PAT go up by a significant 99.7%.
4.What makes the EPS grow from 0.34 to 1.29 is on other comprehensive incomes:
- Revaluation of PPE up 62%
- Net change in fair value of available for sale financial assets up 627% (Unrealised)
- Available for sale released on disposal of quoted shares up 3,824%
- Exchange diff on translation of subsidiaries up 976% (Unrealised.RVR, kewberg,Tanelec, Cableries du Congo & Avery are also not a quoted companies(i stand corrected) & i'd love to see their financials)
- other comprehensive income up 410%
- Total comprehensive income up 266%
Keenly look at where the leap in EPS has come from!
5. Part of their special resolution reads:' That the following be considered and, if thought fit, passed as a SPECIAL RESOLUTION:
“That the Board be authorised to establish an equity participation programme for the management, with a view to
aligning management with the long term interests of shareholders, and that 10% of the authorised but unissued
share capital of the Company be reserved for this purpose, subject to the requisite regulatory approvals”.'
Is this part of ESOP or is it for CMA regulations of ensuring existing shareholders don't leave the company hanging.

With all of the above i'm awaiting to see how the interested public are going to make money off the share and how i can be convinced that these guys are not cashing out in any way

Based on what book value, earnings ??
The price OTC a few weeks ago before they closed the book at Dyer and Blair was 50- 60 bob.
Can you explain how you came to this value? Ama it was your gut(duodenum, ileum, stomach or rectum) feeling?

@ VVS im also waiting this out. Can not get a handle on the value of this company and with diversification into Africa this guys can cook the books and value the company holding at a huge premium. History of political patronage, the messed up RVR deal and now the gover is building a rival railway.... Nikubaya.
That is only in Kenya what happening to their holdings in other countries. I learned a lesson from Olympia I still need more info.

The Sh50 per share value of the company’s shares when it closed its books is also higher than the Sh12.5 billion valuation by Sh1.8 billion.