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BRITAK IPO: The Money Maker
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mainat wrote:A pity the mama mboga investors who are suckered into "high returns" avenues because the brokers don't do proper research and ask the right questions. Then the business reporting media in Kenya only has one or two guys who understand stocks, most copy and paste either from brokers or the IPO memo.
And generally speaking, the public only recalls KenGen IPO. But in KE land brokers are just like going to a kiosk to buy panadol even when you maybe having a stomach ache. The shopkeeper just sells that's the bottom line  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 8/25/2011 Posts: 26 Location: hull
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I am a newcomer here, what is a Wanjiru?? I have a close friend called by such a name, and she is one of the finest girls I have ever met. 
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Rank: Member Joined: 12/8/2009 Posts: 274 Location: Ltktk
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ventura wrote:I am a newcomer here, what is a Wanjiru?? I have a close friend called by such a name, and she is one of the finest girls I have ever met. 'wanjiru' is a simple way of refering to the common man/woman ...things fall apart...the centre cannot hold..mere anarchy is loosed upon the world...w b yeats
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Rank: New-farer Joined: 4/1/2010 Posts: 86 Location: Kenya
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ventura wrote:I am a newcomer here, what is a Wanjiru?? I have a close friend called by such a name, and she is one of the finest girls I have ever met. Please tell her that her name is being used in vain. Seriously, where are you from? Wanjiru is your kawaida Atieno, Mama Mboga, Fatuma wa dukani etc. 
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Rank: New-farer Joined: 7/18/2011 Posts: 19
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Did we and when did it change from "WANJIKU" to Wanjiru or the rugby guys took over the branded name. Moi in his infinite wisdom coined Wanjiku to mean those who did not understand the w hole constitution change demands saying she was only interested with where Mboga would come from, she ended up representing change and the common mwananchi. But there are so many of us are Wanjikus, Bless us!
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Rank: New-farer Joined: 4/1/2010 Posts: 86 Location: Kenya
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Mach G wrote:Did we and when did it change from "WANJIKU" to Wanjiru or the rugby guys took over the branded name. Moi in his infinite wisdom coined Wanjiku to mean those who did not understand the w hole constitution change demands saying she was only interested with where Mboga would come from, she ended up representing change and the common mwananchi. But there are so many of us are Wanjikus, Bless us! Oops, Wanjiru is an MP and the surname of the late marathoner. I had forgotten! Wanjiku it is.
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Rank: Member Joined: 2/25/2010 Posts: 158
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I am a Wanjiku, I walk by faith and not by sight. I know, I can feel it, I am assured by some supernatural power, that despite all these pessimism and negativity, this stock will make me money, come what may, no matter how many years it takes! All say Amen! Amen! Keeping it all in the family
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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if I wanted insurance exposure and knew basic accounting I would see that even kenya re has better statements than this rip off "britak"... I hope wanjiku can calculate the value of their shares when the company projects a 1billion PAT.. considering all listed insurance companies are on a P/E ratio of lower than 5 then with 50cents EPS projected for BRITAK I can only dare to imagine where the share can fall to from 9bob. Unless the NSE wakes up, when these guys announce their results for 2011 5bob will look expensive... then there is always the possibility it might pull a CFCIH or Transcentury Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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anika66 wrote:I am a Wanjiku, I walk by faith and not by sight. I know, I can feel it, I am assured by some supernatural power, that despite all these pessimism and negativity, this stock will make me money, come what may, no matter how many years it takes! All say Amen! Amen! did you talk of years? That time it takes you to wait is the duration it wil take for one to triple theirs when its headed south and then it shoots north. 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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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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This monkey will fall like a rock. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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Guys have you noted all this time we are talking about britak the guy who hyped it and brought allot of misery to the guys who followed his britak advice is NOWHERE to be seen , @ deal ..lol
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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QW25081985 wrote:Guys have you noted all this time we are talking about britak the guy who hyped it and brought allot of misery to the guys who followed his britak advice is NOWHERE to be seen , @ deal ..lol  GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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T+2 before listing... that is if it wont be postponed again due to lack of a guest of honour to ring the slaughter house bell... If it pulls off a CFCI, I'll stay away from this market for a long time... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Surely the NSE club won't let down one of their (Jimnah) to make Britak IPO the first to tank on the trading day one? Sehemu ndio nyumba
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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Mainat wrote:Surely the NSE club won't let down one of their (Jimnah) to make Britak IPO the first to tank on the trading day one? i thought they already let him down during the ipo ...
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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Mainat wrote:Surely the NSE club won't let down one of their (Jimnah) to make Britak IPO the first to tank on the trading day one? its just business.. plus Britak's listing unlocks value on Mbaru's stock..and should he choose to dump the stock he still leaves loads and loads richer... something other nse old guards must be green with envy about.  ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Member Joined: 9/26/2006 Posts: 440 Location: CENTRAL PROVINCE
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stocksmaster wrote:mwanahisa wrote:the deal wrote:they will be forced to issue a profit warning in their first year of listing... @the deal, I have had a look again and I am forced to concede that a profit warning in 2011 is a real possibility. Too much of their income in 2010 was tied to the fortunes of the stock market. It would have been great if the offer came in with H1 earnings update but I do not expect their IM will have incorporated it. I have also tried to strip off the market premium from the NAVs for Equity Bank and HF. This shaves off an incredible amount from the NAV, although arguably the same would happen to the likes of Centum. With the foregoing, I would also advise folks to be extremely cautious on this IPO and only buy what they can afford to speculate on. After the IPO is over we will be able to then reevaluate when H1 2011 figures will also come in. As the deal has indicated profits are almost certain to be lower in 2011. So indeed @the deal, I agree it is a case of "caveat emptor." That will of course not prevent me from speculating. I agree with @ Deal (nice piece in your blog on this IPO). The IPO price of Ksh 9 is rather high factoring in that the company will be hard pressed to replicate last years results in 2011. The BRITAK shareholders have timed the IPO to perfection (on their part) when the cow is at its fattest knowing an earnings famine is on the horizon. I think i will stay out from this one but i have a feeling an opportunity to buy it at below IPO price will present itself before the year is over. Happy hunting. I hope @ Mwanahisa you never speculated on this one. All forces are against this BRITAK share: A long bear run, expected fall in BRITAK profitability for 2011, very low P/E valuation of related Insuarance companies, heavy retail subscription during IPO without Institutional interest etc Demand for this share will only appear as the share tends towards below the Ksh 4 mark. Happy hunting.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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This is one stock that should have had an outright option for 'naked' short-selling. This way by now it would have crashed to 2/- levels asap generating sharp pain immediately for a quick recovery. But the slow motion train wreck scenario at the moment, will surely kill Wanjiku softly in a prolonged painful capitulation... By the time 9/- handle is reclaimed, Wanjiku will be aged from chronic stress & ulcers $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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BRITAK IPO: The Money Maker
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