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BRITAK IPO: The Money Maker
Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Just to remind folks that there is an IPO in town. Who wants to bet that this will be undersubscribed?
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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At the moment, I am in the camp of the naysayers i.e. will NOT achieve full subscription.
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Rank: Member Joined: 4/17/2009 Posts: 194
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mwanahisa wrote:Just to remind folks that there is an IPO in town. IS THERE NOW? I CAN'T SAY I HAVE NOTICED, NO TRUMPETS BLARING, NO QUEUES, ABSOLUTELY NO FANFARE.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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AGAIN, LOSE YOUR MONEY HERE! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi
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I told you guys to count me out of this, I see fingers burning bigtime; let me sit on the fence. Meanwhile l am in for Bank de Kigali. Sometime next year guys, SONARWA (Societe Nouvelle d'Assurance du Rwanda), Rwanda's biggest insurer will be listing. Discussions ongoing after GOR directed the SONARWA board to pursue IPO. Application for approval expected by Nov 1. I cant quote the sources as there is no link. Just trust me folks. The laudable is more often than not rendered laughable by overclaim
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Rank: Elder Joined: 5/24/2007 Posts: 1,805
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Guys, This looks like another safaricom in the making. I will await it at 6/= in Dec 2011. my two cents I Think Therefore I Am
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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Even co op bank was under suscribed,and now?britak being under suscribed is an added advantage to those who will buy it,you sell before the big fish start selling. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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mlennyma wrote:Even co op bank was under suscribed,and now?britak being under suscribed is an added advantage to those who will buy it,you sell before the big fish start selling. It did but I remember it dipped to abt 6/= in a span of a few months. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Barrywhite wrote:I told you guys to count me out of this, I see fingers burning bigtime; let me sit on the fence. Meanwhile l am in for Bank de Kigali. Sometime next year guys, SONARWA (Societe Nouvelle d'Assurance du Rwanda), Rwanda's biggest insurer will be listing. Discussions ongoing after GOR directed the SONARWA board to pursue IPO. Application for approval expected by Nov 1. I cant quote the sources as there is no link. Just trust me folks. With you on this. As people speculate with money they can afford to lose(I have none) Rwanda's market beckons...
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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I bet all Wazuans, except me, has applied for this shares! The amount of discussion and hence contradictions indicates that truly, this is a money maker! BUT I WILL NOT BE SHAKEN AT ALL! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I'm now leaning more towards giving it a shot. At the number crunchers, how significantly will 0.50 shs from HFCK dividend increase income. Also, as at 30th june Equity and HFCK share price were much better than now. Isn't a profit warning very likely? Now that Britak is not yet listed in th N.S.E is it mandatory for them to issue a profit warning? I think without the profit warning announcement, wanjiku will still buy and some profit can be made. But if a profit warning is announced, ha ahhahahaha. Plus its ironic, IPO share has a profit warning, even before listing. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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@AGT, I don't think you can count on this. Even if BA owned the whole of HF, it would only amount to about 110 mil net. Since they own LESS THAN 20% of 230 mil shares, the figure CANNOT be any more than 20 million.
That's barely a ripple when they need a TIDAL WAVE!
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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And while we are on that subject, if they really want some real bang, maybe they could convince Equity to issue an unprecedented interim dividend.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwanahisa wrote:And while we are on that subject, if they really want some real bang, maybe they could convince Equity to issue an unprecedented interim dividend. Ama bonus next year... GOD BLESS YOUR LIFE
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Rank: Member Joined: 7/13/2010 Posts: 160 Location: rift Valley-Naks
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Barrywhite wrote:I told you guys to count me out of this, I see fingers burning bigtime; let me sit on the fence. Meanwhile l am in for Bank de Kigali. BTW have you looked at their prospectus.They had done a split of 1;11,000.A future split may not be possible. DPS post split is RWF5=Kshs0.75(using 7RWF=1kshs) EPS post split is RWF12.34=1.76 (using 7RWF=1kshs) Par value is RWF10=Kshs1.42(using 7RWF=1kshs) ''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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A summary judgment and quoting my comrade @ycsun..."price is what u pay. VALUE is what u get" (cheers bro, hiyo ili-stick)
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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The CEO is in London on a road show.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:The CEO is in London on a road show. Money has been poured!! 
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:A summary judgment and quoting my comrade @ycsun..."price is what u pay. VALUE is what u get" (cheers bro, hiyo ili-stick) Haha. You can thank Buffett for that. Matter of fact, go buy a Coke while your at it GOD BLESS YOUR LIFE
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BRITAK IPO: The Money Maker
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