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BRITAK IPO: The Money Maker
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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My question again. Mbritak has note really consistent money (P&L) in the past. Apart from the speculative play (many will probably do this so you need a sharp broker), why would you give it your money to invest longterm knowing that it has been unable to do so in the past? Sehemu ndio nyumba
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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selah wrote:can some one give us a link to the prospectus.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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I here the HF & EBL holdings r out the IPO...So what other lucrative investments do these pps have?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Reminds me of the un-bundling of Safcom during the TKL sale. Hehe...look @ TKL now 
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:Reminds me of the un-bundling of Safcom during the TKL sale. Hehe...look @ TKL now Yep. Just what exactly are these guys doing? Selling off their best investments under the guise of |reducing volatility of FVG" Upus! GOD BLESS YOUR LIFE
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Rank: Member Joined: 6/17/2011 Posts: 229
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mwekez@ji wrote:selah wrote:can some one give us a link to the prospectus.
Get the Britak Abridged Prospectus here http://tinyurl.com/42kbvb2 . Caution, not the final version but fair enough. Cheers
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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where are the hard copies....
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Rank: Member Joined: 4/14/2011 Posts: 639
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Cde Monomotapa wrote:I here the HF & EBL holdings r out the IPO...So what other lucrative investments do these pps have? =They are just running away from the future they know its bleak for them politically.How else do you explain the sell off:Britak,Trancentury,reduction in Eqty bank and the like.To conceal their motive in Britak IPO they have disguised it as raising funds expansion but look at the price set its enough to recoup their investment with a good return.Its all an exit strategy!
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Rank: Member Joined: 6/17/2011 Posts: 229
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QW25071985 wrote:where are the hard copies.... @QW 'It are' all virtual for now. Hard Copies baadaye.
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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eco wrote:QW25071985 wrote:where are the hard copies.... @QW 'It are' all virtual for now. Hard Copies baadaye. the prospectus will be online on friday. according to Britak ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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mukiha wrote:
According to the prospectus, jimnah has 300m shares representing 20% [pre-IPO] and 14% [post-IPO]. At the IPO proce of 9bob, these are worth Sh2.7b. So yes, his holding is worth about US$30m in market value
Here are the other shareholders:
British American (Kenya) Holdings Limited
452,504,000 = 30.17% [pre IPO] / 21.05% [post IPO]
Equity Holdings*
405,000,000 = 27.0% / 18.84%
Jimnah M. Mbaru
300,000,000 = 20.0% / 13.95%
Benson I. Wairegi
99,496,000 = 6.63% / 4.63%
Filimbi Limited
90,000,000 = 6.00% / 4.19%
Peter K. Munga
75,000,000 = 5.0% / 3.49%
James N Mwangi
75,000,000 = 5.0% / 3.49%
Simon I.Wairegi
3,000,000 = 0.20% / 0.14%
*Now, does Equity Holdings have any relationship with Equity Bank? I checked the bank's report [2010] and there is no subsidiary by that name...
Jus thinking..this band wagon has milked kenyans off of billions!.. i guess if you never bought with them..you are pretty late to buy now. Ama? so those yapping about great value for money on this share..wonder where u were while these guys bought. Pretty humbling i must say. so nitanuna na ninyamaze. ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Member Joined: 6/17/2011 Posts: 229
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ProverB wrote:mukiha wrote:
According to the prospectus, jimnah has 300m shares representing 20% [pre-IPO] and 14% [post-IPO]. At the IPO proce of 9bob, these are worth Sh2.7b. So yes, his holding is worth about US$30m in market value
Here are the other shareholders:
British American (Kenya) Holdings Limited
452,504,000 = 30.17% [pre IPO] / 21.05% [post IPO]
Equity Holdings*
405,000,000 = 27.0% / 18.84%
Jimnah M. Mbaru
300,000,000 = 20.0% / 13.95%
Benson I. Wairegi
99,496,000 = 6.63% / 4.63%
Filimbi Limited
90,000,000 = 6.00% / 4.19%
Peter K. Munga
75,000,000 = 5.0% / 3.49%
James N Mwangi
75,000,000 = 5.0% / 3.49%
Simon I.Wairegi
3,000,000 = 0.20% / 0.14%
*Now, does Equity Holdings have any relationship with Equity Bank? I checked the bank's report [2010] and there is no subsidiary by that name...
Jus thinking..this band wagon has milked kenyans off of billions!.. i guess if you never bought with them..you are pretty late to buy now. Ama? so those yapping about great value for money on this share..wonder where u were while these guys bought. Pretty humbling i must say. so nitanuna na ninyamaze. We need to learn from Robert Kiyosaki, the Old Rich Boys come out as we (the mass) come in. OTC Express! Read my lips. Cheers
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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I strongly feel the market has better bargains than the bunch of ipo's its only the exitement that comes with a new girlfriend. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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so you guys are telling me investors will stop their current selling and buy into britak ipo...loelst. the disconnect thats here in wazua and there at the n.s.e is just amazing to say the least...
Even the so called gurus have refused to let reason prevail...
haya majuto ni mjukuu
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Rank: Hello Joined: 7/6/2011 Posts: 3 Location: around
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the deal well said and from the look of things http://www.nation.co.ke/.../-/oota6tz/-/index.html that is wat will happen with BRITAK .  IF YOU AREN'T WILLING TO OWN A STOCK FOR 10 YEARS ,DON'T EVEN THINK OF OWNING IT FOR 10 MINUTES.
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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mlennyma wrote:I strongly feel the market has better bargains than the bunch of ipo's its only the exitement that comes with a new girlfriend. GET ANOTHER EXAMPLE WILL YOU? BY THE WAY, I DECLARE I WILL NOT PUT MY SINGLE PENNY IN EITHER BRITAK NOR TRANSCENTURY...PERIOD!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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lovely2010 wrote:mlennyma wrote:I strongly feel the market has better bargains than the bunch of ipo's its only the exitement that comes with a new girlfriend. [b]GET ANOTHER EXAMPLE WILL YOU? #CRACKUP# LMAO!!
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Rank: Member Joined: 9/21/2006 Posts: 422 Location: Nairobi
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...UAP Holdings Ltd (UAP Insurance etc) has confirmed that Mr. Kiarie who is leaving Britak Investments is joining them on 1st August 2011 as Deputy MD for the UAp Holdings......
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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MONKEY !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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