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britak undersubscription?
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Impunity
#21 Posted : Tuesday, August 23, 2011 12:14:59 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
Those who bought and thought the price will touch 12 bob.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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mwanafunzi
#22 Posted : Tuesday, August 23, 2011 12:24:04 PM
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Joined: 12/3/2008
Posts: 113
link please.
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FUNKY
#23 Posted : Tuesday, August 23, 2011 12:25:30 PM
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Joined: 4/30/2010
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Sober
#24 Posted : Tuesday, August 23, 2011 1:02:31 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
mlennyma wrote:
Can the negativity expressed in all wazua forums on britak change anything.i wait to see...i assume many pple are selling to buy britak.


40% under subscription. this shows you how good wazuans are when it comes to numbers.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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tony stark
#25 Posted : Tuesday, August 23, 2011 1:36:16 PM
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Joined: 7/8/2008
Posts: 947
Sober wrote:
mlennyma wrote:
Can the negativity expressed in all wazua forums on britak change anything.i wait to see...i assume many pple are selling to buy britak.


40% under subscription. this shows you how good wazuans are when it comes to numbers.



Sober wrote:
This IPO will be fully subscribed +-10% but the tricky bit will be when it resumes trading.
With such environment for sure it will not pull a kengen as most villagers are convinced it may do.
I will be hoping it trades at 6bob day three for me to lock my cash in there.
It may sound weird, but that is the general mood/trend in the market.


Clearly wazuans can be equally as bad with the same numbers.
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the deal
#26 Posted : Tuesday, August 23, 2011 1:48:56 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
A profit warning won't be a bad thing...
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Bettertry
#27 Posted : Tuesday, August 23, 2011 2:45:56 PM
Rank: Member


Joined: 9/19/2010
Posts: 237
Location: Republic of Graham & Doddsville
youcan'tstopusnow wrote:
Benson Wairegi: "I'm very impressed about the numbers coming in about our IPO"

Soon we'll know if he's telling us the truth...

Now that the truth has been revealed... i.e, the IPO was undersubscribed due to Foreign Investors & QIIs not fully taking up their allotted portions... Could Ben Wairegi, then, have meant that he was impressed with the way "the Wanjikus" were buying into the "hype"??? Hmmm... food for thought.

Going frwd what does this portend???
We Will Either Find a Way or Create One - HANNIBAL
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ecstacy
#28 Posted : Tuesday, August 23, 2011 3:29:39 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
ecstacy wrote:
Who will you sell to?


In view of the under-subscription & profit warning, again I ask, who will you sell to?
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hisah
#29 Posted : Tuesday, August 23, 2011 3:29:54 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Wow! Almost nil interest from the Mboys both local and foreigners. I was thinking that the NSE rebound would give this IPO a boost on listing, but nop. Wanjikus will be left high and dry. The history books will gauge this as the 1st IPO to be listed and tanked!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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ecstacy
#30 Posted : Tuesday, August 23, 2011 3:40:24 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
hisah wrote:
The history books will gauge this as the 1st IPO to be listed and tanked!


LOL! Is that like taking a walk...off a cliff?!! smile we await at the bottom (no pun)
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Bettertry
#31 Posted : Tuesday, August 23, 2011 4:51:39 PM
Rank: Member


Joined: 9/19/2010
Posts: 237
Location: Republic of Graham & Doddsville
ecstacy wrote:
ecstacy wrote:
Who will you sell to?


In view of the under-subscription & profit warning, again I ask, who will you sell to?

Plus we're in a bear market!!! Wanjikus have indeed primed themselves and all we await for is the slaughtering to begin... when the stock comes to the secondary market. Woi, woi, woi...
We Will Either Find a Way or Create One - HANNIBAL
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Sober
#32 Posted : Tuesday, August 23, 2011 5:31:55 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
tony stark wrote:
Sober wrote:
mlennyma wrote:
Can the negativity expressed in all wazua forums on britak change anything.i wait to see...i assume many pple are selling to buy britak.


40% under subscription. this shows you how good wazuans are when it comes to numbers.



Sober wrote:
This IPO will be fully subscribed +-10% but the tricky bit will be when it resumes trading.
With such environment for sure it will not pull a kengen as most villagers are convinced it may do.
I will be hoping it trades at 6bob day three for me to lock my cash in there.
It may sound weird, but that is the general mood/trend in the market.


Clearly wazuans can be equally as bad with the same numbers.


read the lower bit that says...

I will be hoping it trades at 6bob day three for me to lock my cash in there.
It may sound weird, but that is the general mood/trend in the market.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Sober
#33 Posted : Tuesday, August 23, 2011 5:33:48 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
@mlennyma.
i would like to categorically state that i was basing on the numbers that were fed to us by the press and if we passed the 50% mark then, it means that the numbers we were given were pumped up.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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law6
#34 Posted : Tuesday, August 23, 2011 7:00:32 PM
Rank: New-farer


Joined: 8/7/2011
Posts: 10
Location: Nairobi
Am sure that amidst confusion and fear real investers make money. Hoping to be one, mind you mine is not a short term investment Am taking of five years to come.
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murenj
#35 Posted : Tuesday, August 23, 2011 7:07:28 PM
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Joined: 7/22/2008
Posts: 851
Location: nairobi
when will they post their Q1 results? Or have I missed something
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tony stark
#36 Posted : Tuesday, August 23, 2011 8:59:44 PM
Rank: Veteran


Joined: 7/8/2008
Posts: 947
Sober wrote:
tony stark wrote:
Sober wrote:
mlennyma wrote:
Can the negativity expressed in all wazua forums on britak change anything.i wait to see...i assume many pple are selling to buy britak.


40% under subscription. this shows you how good wazuans are when it comes to numbers.



Sober wrote:
This IPO will be fully subscribed +-10% but the tricky bit will be when it resumes trading.
With such environment for sure it will not pull a kengen as most villagers are convinced it may do.
I will be hoping it trades at 6bob day three for me to lock my cash in there.
It may sound weird, but that is the general mood/trend in the market.


Clearly wazuans can be equally as bad with the same numbers.


read the lower bit that says...

I will be hoping it trades at 6bob day three for me to lock my cash in there.
It may sound weird, but that is the general mood/trend in the market.

I'm sorry I read the first part that say "This IPO will be fully subscribed +-10% " i didnt know this part was silent. Thanks for the clarification.
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kenyainvestor
#37 Posted : Wednesday, August 24, 2011 12:35:53 AM
Rank: Member


Joined: 7/12/2011
Posts: 194
Britak to review projects after undersubscripion www.businessdailyafrica....06/-/pgdo40/-/index.html
With only 60p.c raised plus an anticipated profit warning, will 9 bob be considered too high a premium, as was Transcentury's 50bob? But hey, CFCIH still defied odds to hit the heady hights of 16, right?
LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5
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kenyainvestor
#38 Posted : Wednesday, August 24, 2011 1:26:43 AM
Rank: Member


Joined: 7/12/2011
Posts: 194
MD though says that leverage will be used to plug shortfall: “We shall, therefore, be able to easily leverage to implement all the profitable projects that have been lined up.”
LATEST BLOG POST: NSE BANKING SECTOR REPORT - THE TOP 5
FACEBOOK: Kenya Investing
TWITTER HANDLE: @kenyainvestor
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hisah
#39 Posted : Wednesday, August 24, 2011 5:07:10 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
kenyainvestor wrote:
Britak to review projects after undersubscripion www.businessdailyafrica....06/-/pgdo40/-/index.html
With only 60p.c raised plus an anticipated profit warning, will 9 bob be considered too high a premium, as was Transcentury's 50bob? But hey, CFCIH still defied odds to hit the heady hights of 16, right?

CFCI was locked in to a few shareholders & many of them were not Wanjikus. Thus tight volume & very few Wanjikus makes the share price easier to manipulate smile

Tranny's volume as well as britak will not have the legs to float with the current mood. Besides wanjikus are overcrowded in this IPO. Who will be the buyer when they sell? But since some mboyz own this stock I wont be shocked if it is nudged up to try & hype the demand. Also it being listed on a Friday is quite interesting a message from the casino owners...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma
#40 Posted : Wednesday, August 24, 2011 9:23:18 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
Kwani when is the listing date.
"Don't let the fear of losing be greater than the excitement of winning."
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