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BRITAK IPO: The Money Maker
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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My broker just called trying to convince me to buy Britac.....i could not read her tone correctly.....was she trying to make money out of the buy transaction or was it out of the love for me that she wants me to buy and make money..???  Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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I have finally settled on a speculative buy of 10,000 shares for britak...."if god gave you the wisdom to know what would happen tomorrow,you would abuse him everyday". "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 4/17/2009 Posts: 194
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Fyatu wrote:My broker just called trying to convince me to buy Britac.....i could not read her tone correctly.....was she trying to make money out of the buy transaction or was it out of the love for me that she wants me to buy and make money..??? Neno moja. RUN!
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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Iborian wrote:Fyatu wrote:My broker just called trying to convince me to buy Britac.....i could not read her tone correctly.....was she trying to make money out of the buy transaction or was it out of the love for me that she wants me to buy and make money..??? Neno moja. RUN! RUN LIKE HELL.....My broker has made a killing from me using those I CARE undertones. '......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: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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But folks are buying...i was at my broker today n I saw several of those forms filled up
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Iborian wrote:Fyatu wrote:My broker just called trying to convince me to buy Britac.....i could not read her tone correctly..... was she trying to make money out of the buy transaction or was it out of the love for me that she wants me to buy and make money..??? Neno moja. RUN! what did he/she tell you. Obviously he didnt lay out the figures for you did he ????. Whynt head to your broker and let him explain WITH FACTS AND FIGURES why you shld buy.I like somebody who can present a good solid case why i shld buy. Not lines like " there's huge demand" or "supply is really thin" or "so and kso is buying"...
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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PASS! Not Interesting! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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QW25071985 wrote:Iborian wrote:Fyatu wrote:My broker just called trying to convince me to buy Britac.....i could not read her tone correctly..... was she trying to make money out of the buy transaction or was it out of the love for me that she wants me to buy and make money..??? Neno moja. RUN! what did he/she tell you. Obviously he didnt lay out the figures for you did he ????. Whynt head to your broker and let him explain WITH FACTS AND FIGURES why you shld buy.I like somebody who can present a good solid case why i shld buy. Not lines like " there's huge demand" or "supply is really thin" or "so and kso is buying"... Clearly, she is more keen on the 2% commission...... Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Fyatu wrote:QW25071985 wrote:Iborian wrote:Fyatu wrote:My broker just called trying to convince me to buy Britac.....i could not read her tone correctly..... was she trying to make money out of the buy transaction or was it out of the love for me that she wants me to buy and make money..??? Neno moja. RUN! what did he/she tell you. Obviously he didnt lay out the figures for you did he ????. Whynt head to your broker and let him explain WITH FACTS AND FIGURES why you shld buy.I like somebody who can present a good solid case why i shld buy. Not lines like " there's huge demand" or "supply is really thin" or "so and kso is buying"... Clearly, she is more keen on the 2% commission...... since when is commission charged for IPOs??? Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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guru267 wrote:Fyatu wrote:QW25071985 wrote:Iborian wrote:Fyatu wrote:My broker just called trying to convince me to buy Britac.....i could not read her tone correctly..... was she trying to make money out of the buy transaction or was it out of the love for me that she wants me to buy and make money..??? Neno moja. RUN! what did he/she tell you. Obviously he didnt lay out the figures for you did he ????. Whynt head to your broker and let him explain WITH FACTS AND FIGURES why you shld buy.I like somebody who can present a good solid case why i shld buy. Not lines like " there's huge demand" or "supply is really thin" or "so and kso is buying"... Clearly, she is more keen on the 2% commission...... since when is commission charged for IPOs??? oops...my bad....i keep on learning....wazua is living up to its purpose...@guru...i've never participated in any IPO  Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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@ guru267 - We will not be charged the commission but the brokers will earn the commission.
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Rank: Member Joined: 4/18/2009 Posts: 118
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FUNKY wrote:@ guru267 - We will not be charged the commission but the brokers will earn the commission. Plus, they will most likely earn more commission when you sell through them (most likely at a loss). Either way, they come out ahead.
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Rank: Hello Joined: 7/25/2011 Posts: 5
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Like i said yesterday, i think you should. i would advocate you do. heck at nine bob, how low can it go? even the share of a financialmsector company like NBK, which is struggling to get new and younger bank customers as wazees diminish in banking halls, has its share listed above. using my example jana britak has stakes invested in Equity and HF both of which have recorded heft profits http://britishamericanbl...cess-tips-from-kirubi/. Where have they put a minimum of 2,000 shares? that locks out small time guys who they are supposed to enlist if they ever want to hack microinsurance?
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Rank: Member Joined: 12/31/2008 Posts: 90
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Bw Editor wrote:Like i said yesterday, i think you should. i would advocate you do. heck at nine bob, how low can it go? even the share of a financialmsector company like NBK, which is struggling to get new and younger bank customers as wazees diminish in banking halls, has its share listed above. using my example jana britak has stakes invested in Equity and HF both of which have recorded heft profits http://britishamericanbl...cess-tips-from-kirubi/. Where have they put a minimum of 2,000 shares? that locks out small time guys who they are supposed to enlist if they ever want to hack microinsurance? Bw. Editor, So just go ahead and buy it. But you would be better off buying Equity and HFCK rather than Britak.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Price is what you pay. Value is what you get.
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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@fyatu Finally got the same offer from my broker whose targets price is about 13/= post IPO. My reasons for not buying this share is the NO. of shares...if there is an over-subscription then the share will be depressed like Safaricom...if the share is under subscribed there is hope of trading @ 13/= '......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: Member Joined: 7/12/2011 Posts: 194
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Bw Editor, how do you 'value' your shares? I don't believe one can just say that NBK is trading a higher value than Britak's IPO price. You seem to be looking at them in terms of absolute prices. Do you know the projected Britak performance for next year? My concerns however do not eliminate the possibility of an opportunity to make money in this IPO as such opportunities do exist in Public many offerings. How long is your investment timeframe?
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Rank: Hello Joined: 7/26/2011 Posts: 1
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In Kenya shares have never followed fundamentals, at least positive info. negative info is quickly adjusted into the share price but not vice versa. I have stated that Britak owes a huge chunk of its balance sheet to capital gains on property disposal as opposed to business acumen in insurance.
AM buying these shares, 50K actually but only for 1 day. I want to take advantage of the market hubris & make @ least 50K. Otherwise I guarantee that that share will dip in such a dramatic fashion that will make TC look like a blue chip. Guys you only have at most Friday the 2nd of September to be rich or to whine for the rest of your miserable lives
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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News just in: BritakGroup MD Benson Wairegi is optimistic they will raise their Sh5.58b IPO target or even surpass it as the share offer draws to a close. '......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: 4/30/2010 Posts: 1,635
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BRITAK IPO: The Money Maker
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