The fear among Sk members against this IPO points to an under-subscription.
I have now discovered the general behaviour pattern of Kenyans:
From the most optimistic people in the world 2002-to the most pessimistic 2008.

From most optimistic investors in may 2008(Safcom IPO) to the most pessimistic September 2008(Coop IPO.
(Look at the pre-safaricom posts at sk forum and then the co-op ones)

Lesson:

I will go with the herds this time,I will not buy the Coop IPO unless as Mainat has said there is restriction to the number of people who will be able to buy the shares the Acsess Kenya way .

Ill have a look at the prospectus and if their earnings valuation makes sense I will dive in - head first. I will likely get 100% allocation by the look of the posts here.


Be greedy when others are fearful,be fearful when others are greedy.

niko ndani kwa hii IPO....kichwa,miguu,mikono++......i refused to participate in the safcom coz of large numbers....but 700m is not a big number for a bank like co-op.........so am in++

If you have money that you expect to start using in five years,it does not belong in stocks.

Closing remarks:
1.Let the IPO go on
2.Don't buy now nor in December
3. Wait for Jan after kids go back to skul.

4. BUY in Feb @ 2.5!

my 2 cents (sorry).

wish is yesterday,hope is tomorrow.. today we make or break!

This is one IPO I like. The big brothers know that Kenyans are shying off from it. For those not buying lets talk after Obama's nomination (hope he sails through).

Am crossing my fingers for those millions. Our market does not respond to fundamentals,rather forces of dd and ss..... though we can debate about it........ but keep doing your calculations. A lot of retail investers dont care about P/E ratios etc.

That's why the rich will always dominate this market because they buy at a time like now,when everyone is cursing - they are laughing all the way. Then when the shares start appreciating they get out make their billions and leave you scrolling across trying to see how many cents you have gained. The rich donminate the BODs and guess what,they will always make favourable decisions for 'themselves'.

Anyone recalls the monkey story? Most of us are now acting like those villagers.

But lets see how much the monkey will fetch.


Better to work smart than work hard