Guys, you just cant compare Britak to Jubilee.
Britak is trying to grow into something as big as Jubilee (Jubilee's gross income and regional presence is probably not attainable by Britak in the next 5 years)

What Is worrying me about this IPO is that out of about 5.8Billion raised, 1 Billion goes to pay debt and expenses for the offer, leaving around 4.8 for actual investment.
I have to wonder why they needed to have a 750million loan from cba in their books in the first place and why they are spending 150million on PR and Advertising if this is a Buy stock, the market need not have PR or Advertising.
The idea of pumping 2.5Billion into the property market sounds a little late to me. This market is already hot and I feel that they already failed in capitalizing on the lucrative opportunities.

The global markets don't seem to be doing well with the US debt issues, the Euro zone is also gloomy and Asia feeling the aftershock, That said I'm not touching this stock.

I do hope though that it turns out to be a success so that more companies are attracted to listing.

For those intending to be in Britak, good luck. After all is said and done it depends on you to make money even in the most sorry of situations. Money has been made in eveready, olympia etc. Why do you think they keep trading?. Be warned though, No Assumptions! Good Luck everyone.

He said the company was expecting a full uptake on the pool set aside for foreign investors from South Africa and the United Kingdom.why the two countries, i thought foreign is foreign... there's something fishy here

20 bob times how many issued shares? Kuwa serious guy.

If CFCI is correcting itself the way it is doing and its an introduction just wait after this share has been listed,I will be waiting for it at 3 bob.

These are my reasons.

It has issued too many shares which I think mirrors that of safaricom,This will create a glut once its listed as speculators try to get off.

I have noticed equity bank is offering 100% financing for this IPO other banks offer 80% financing...Now I dont know if its the great faith this banks have on this company,I think I will sit out on this one just Like I did on nEverReady IPO

Nope!This is where the faith is..the banks will make money when the not too clever investors pay the loans(I wonder with money from where?Others are waiting to sell at a profit and pay the loan if the share appreciates,jeez!(I wonder if you can pay a loan at a lumpsum without a hefty penalty for having shortened the repayment period a.k.a interest a.k.a profits for the bank!)And if the share tanks,losses galore due to the cost of the loan!And if unable to service the loan,the shares are repossessed(remember they were the collateral) at a throw-away price and you continue servicing the remainder of the loan!AND THAT IS WHERE THE FAITH IS!!

@selah & all. 80% financing just means they are willing to wait for a 20% drop, worst case scenario. how comes they finance you that yet take your 100% portfolio as security? they always hope it will not pull a TCL.

Today is definitely a big Day

extending on the D-day of closing wilt be catastrophic. it will imply that the full subscription being talked about has not been archived, this will trigger massive panic among those who have already submitted their funds.