=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!

If all the shares are taken

EPS =1.26
DPS =0.09
PE = 6.9
While the proceeds will be invested as follows amounts in MN

Regional expansion 1,000
Kenyan market 1,280
Property development 2,500
Redemption of debt 750
Expenses of the Offer 320

Total 5,850

The principal shareholders are not allowed to offload their shares until 2yrs are up.

http://mobile.businessda...1/-/33xt1o/-/index.html

So this means 650MN shares out 2.15B shares will be active in the stock exchange for the next two yrs.
@selah,
do have the average EPS for the last 5 years?
I think the possibility of the share price rising are quite High in these two yrs,but long term it will be tricky,and the reason for the rising will most obviously be because of speculation since 2010 seems the best yrs ever for the company.

On PE it seem fair at around 7

E&OE

This will sound very wanjiku like, but there's no other way to say it. CFCIH baffles us all and continues to due to is share price. I dont thikn britak will be an exception. But purely speculation

Did I hear right that there will be a high minimum number of shares set even for individual investors? YOU HEARD WRONG, MINIMUM NO. OF SHARES IS 2,000. What is it and is the intention to lock out the Wanjikus? NO, THEY REALLY NEED THE WANJIKUS AS THEY CANNOT BE SURE THAT THE BIG FISH WILL BITE!

Secondly can someone confirm if brokers now have these prospectors in their offices, they didn't have them last week.YES THEY HAVE THEM.

I have the cash but iam fence sitting listening to my instinct,and observing the demand.

I saw the company from an insider perspective although my research on them is correct in many aspects...i must admit its too critical and it seems they are willing to address some of the concerns raised on the blog..i.e Britak is the no1 ordinary life insurer...they have reduced their exposure to Equity which to me was long overdue due to the market risk associated with that stake @mainat..they have prime land banks in upper hill...lavington...they recently finished a development...also its wrong to compare them to Jub because Jub is a composite insurer...the CEO also said the lack of diversification was because of being a private company and their using IPO funds to address that...so for long term you cant go wrong.

Thay have not reduced their share in Equity. Its intact.