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BRITAK'S OPENING TRADE
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kenyainvestor
#1 Posted : Thursday, September 08, 2011 1:13:32 AM
Rank: Member


Joined: 7/12/2011
Posts: 194
Today (barring any late surprises) will see Britak start trading at the NSE. All eyes will be on the company which only managed 60 percent subscription

With the IPO being shunned by foreign and institutional investors, where will the support come from?

Moreover, expansion plans have now been thrown into disarray with the C.E.O saying “The board of directors will now have to prioritize on some of our projects and the timing for their implementation,”

Will it pull a TransCentury (Go up briefly then tank very swiftly), a CFCIH (Where it goes up and stays there for a considerable amount of time) or an Uchumi (Tanks on opening day then rebounds strongly)

Set your alarm clocks for 9.30 a.msmile
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hisah
#2 Posted : Thursday, September 08, 2011 6:55:27 AM
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Joined: 8/4/2010
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I am waiting to see this smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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chalan
#3 Posted : Thursday, September 08, 2011 7:16:32 AM
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Joined: 4/1/2010
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Location: Kenya
Keeping my intestines in shape. I may have a run.
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hisah
#4 Posted : Thursday, September 08, 2011 7:27:59 AM
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chalan wrote:
Keeping my intestines in shape. I may have a run.

And a bank run too i.e. a run on ur stock a/c.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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chalan
#5 Posted : Thursday, September 08, 2011 7:46:45 AM
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Quote:
And a bank run too i.e. a run on ur stock a/c.


But I will keep my stock, long term. Looks like the next KQ.
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FUNKY
#6 Posted : Thursday, September 08, 2011 8:01:44 AM
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Joined: 4/30/2010
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Guys as far as i know when an IPO gets undersubscribed the underwriters have to take up the remaining balance at a discount. Any one knows what the discounted price was?
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Mainat
#7 Posted : Thursday, September 08, 2011 9:27:24 AM
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Joined: 11/21/2006
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Funky-the offer is not underwritten.
If FIs (Ksh9m) and QIIs didn't get in, they must be waiting for the price lower down.
Sehemu ndio nyumba
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Gordon Gekko
#8 Posted : Thursday, September 08, 2011 9:28:06 AM
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Joined: 5/27/2008
Posts: 3,760
FUNKY wrote:
Guys as far as i know when an IPO gets undersubscribed the underwriters have to take up the remaining balance at a discount. Any one knows what the discounted price was?


An underwriter's role is to guarantee that the required funds will be raised. Why would they then get at a discount?
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Burning Spear
#9 Posted : Thursday, September 08, 2011 9:29:35 AM
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Joined: 7/22/2008
Posts: 1,139
I foresee the share opening at 11 bob today morning then sheds as the day grows to maintain at ksh 9 till tomorrow.

From next week,I wait to see.
"You're not supposed to be so blind with patriotism that you can't face reality. Wrong is wrong, no matter who says it". Malcolm X
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kenyainvestor
#10 Posted : Thursday, September 08, 2011 9:30:16 AM
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FUNKY wrote:
Guys as far as i know when an IPO gets undersubscribed the underwriters have to take up the remaining balance at a discount. Any one knows what the discounted price was?


Oh don't they wish they had one...
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vestor
#11 Posted : Thursday, September 08, 2011 9:40:31 AM
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Joined: 11/9/2010
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Offers at 6, Bids at 3, highest sale at 9
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Mainat
#12 Posted : Thursday, September 08, 2011 9:41:15 AM
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Sell/buy ratio is almost 30:1
at Ksh6
Sehemu ndio nyumba
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kenyainvestor
#13 Posted : Thursday, September 08, 2011 9:41:50 AM
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4.5 Million traded so far.

Asks - 3.7 Million
Bids - 140K
(Guess we now know where its going)

Price 6 bob
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kenyainvestor
#14 Posted : Thursday, September 08, 2011 9:43:52 AM
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Joined: 7/12/2011
Posts: 194
@hisah, good thing you stayed out! Now, where are the 'long termers'smile This is currently not a "Money Maker". Maybe later
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Cde Monomotapa
#15 Posted : Thursday, September 08, 2011 9:46:43 AM
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Monkey bidness.
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StatMeister
#16 Posted : Thursday, September 08, 2011 9:47:50 AM
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Joined: 5/23/2010
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Location: La Islas Galápagos
There's someone who wants to buy 2m shares at 50 cents
A bad day fishing is better than a good day at work
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vestor
#17 Posted : Thursday, September 08, 2011 9:48:00 AM
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Some forces are trying to push it up, from the 6 bob
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ecstacy
#18 Posted : Thursday, September 08, 2011 9:50:42 AM
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Joined: 2/26/2008
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Pass me some PROPCORN, sorry popcorn!!! Britak is a soap.
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kenyainvestor
#19 Posted : Thursday, September 08, 2011 9:54:40 AM
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ecstacy wrote:
Pass me some PROPCORN, sorry popcorn!!! Britak is a soap.

Applause
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Cde Monomotapa
#20 Posted : Thursday, September 08, 2011 10:00:43 AM
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vestor wrote:
Some forces are trying to push it up, from the 6 bob

Ministry of Darkness.
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