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BRITAK'S OPENING TRADE
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selah
#101 Posted : Friday, September 09, 2011 11:23:27 AM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
In the orient this kind of stock performace would have contributed to several suicide & suicide attempt...I hope no casualty will be reported on this Britak debacle like it happened with Deci.
'......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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hisah
#102 Posted : Friday, September 09, 2011 11:23:35 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Tranny exhibited the same bidless behaviour. Britank is following tranny's lead. Tranny is its role model... Sad
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#103 Posted : Friday, September 09, 2011 11:34:34 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
QW25081985 wrote:
So sad !!! The last thing you need is more misery ontop of the bear market !!!


wrong, we need more misery. remember we are aiming to 3,000 points and below.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Sufficiently Philanga....thropic
#104 Posted : Friday, September 09, 2011 11:39:20 AM
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Joined: 9/23/2010
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Location: Sundowner,Amboseli
@Aguy, check your mails!
@SufficientlyP
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Aguytrying
#105 Posted : Friday, September 09, 2011 11:55:29 AM
Rank: Elder


Joined: 7/11/2010
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Sufficiently Philanga....thropic wrote:
@Aguy, check your mails!


thanks
The investor's chief problem - and even his worst enemy - is likely to be himself
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kenyainvestor
#106 Posted : Friday, September 09, 2011 2:00:25 PM
Rank: Member


Joined: 7/12/2011
Posts: 194
selah wrote:
In the orient this kind of stock performace would have contributed to several suicide & suicide attempt...I hope no casualty will be reported on this Britak debacle like it happened with Deci.


Yesterday afternoon there was some huge demand. Where did it all go?

@selah. The profit warning might hit those who hadn't read the prospectus really hard. Ministry of Medical Services might have to dispatch some of its counsellors to shareholderssmile
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Aguytrying
#107 Posted : Friday, September 09, 2011 2:04:56 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
20 votes to change the heading to "BRITANK'S OPENING TRADE" Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
The investor's chief problem - and even his worst enemy - is likely to be himself
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Mainat
#108 Posted : Friday, September 09, 2011 2:13:56 PM
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Joined: 11/21/2006
Posts: 1,590
134k demand vs 27m supply...
Sehemu ndio nyumba
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kenyainvestor
#109 Posted : Friday, September 09, 2011 2:37:44 PM
Rank: Member


Joined: 7/12/2011
Posts: 194
Aguytrying wrote:
20 votes to change the heading to "BRITANK'S OPENING TRADE" Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

Sad

Earlier thoughts by Wazuans in the thread Panafrica Insurance earnings tumble by 60%
erifloss wrote:
QW25071985 wrote:
What abt the much hyped britak. Thank God it never bought. We know how much equity and hfck have fallen.

The moment i saw the value of Britak's investment in quoted shares coupled with the projected drop in earnings & their proposed investment plan for the funds raised signified a bad investment for anyone who had a plan of buying.

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Cde Monomotapa
#110 Posted : Friday, September 09, 2011 2:46:09 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Aguytrying wrote:
20 votes to change the heading to "BRITANK'S OPENING TRADE" Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

U have my vote Laughing out loudly
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Mblue
#111 Posted : Friday, September 09, 2011 3:03:53 PM
Rank: Member


Joined: 8/3/2011
Posts: 197
Why aren't you answering @dunkang's question?

dunkang wrote:
Can Wazua admin please STOP this thread! Do you know how bitter you are making me feel! (BTW, who will buy shares just to sell at a loss on the first day of trading. This must be a plot. There is a plot here dear wazuans! KEEP YOUR STAKE. KEEP YOUR STAKE. KEEP YOUR STAKE)

Now, lets discuss something else, the shares that were not taken up!

What will happen to them next?

"..one is only poor only if they choose to be.."-Dolly Partron
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Kenyan Oracle
#112 Posted : Friday, September 09, 2011 3:18:55 PM
Rank: Member


Joined: 5/31/2011
Posts: 254
guru267 wrote:
I hate to say I told you so...
4bob here we come!!



The Honchos who were trying to offload bad shares to the Wanjikus, now we start sharpening our knives for Family Bank. NEXT!!
You lose money chasing women, but you never lose women chasing money - NAS
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Kenyan Oracle
#113 Posted : Friday, September 09, 2011 3:46:28 PM
Rank: Member


Joined: 5/31/2011
Posts: 254
Cde Monomotapa wrote:
82 posts in a day. Wazua loves B.R.I.T.A.N.K

Applause Applause Applause Applause
You lose money chasing women, but you never lose women chasing money - NAS
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selah
#114 Posted : Friday, September 09, 2011 3:59:12 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
The owners might be laughing all the way to the bank while some speculators and those who bought the hype still think they will hold until the share goes past 9 bob...

My take I would count my loses now and move on I dont see this stock going past 9/= in the near future even though the shares were under-subscribed still they are too many they will continue depressing the stock for months to come.
'......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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the deal
#115 Posted : Friday, September 09, 2011 6:56:55 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Sadly I wasnt around to see the Britak listing...too bad they have aulready taken a beating...my target is Sh3-4 after 2011 FY results
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hisah
#116 Posted : Monday, September 12, 2011 11:39:16 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Quite interesting... This thing will be bidless for a long time... Lower prices are not attracting nobody... Which banks lent out loans for this IPO... If the borrowers walk away/default, the hopeless shares will not recover the loan... A margin call scenario is shaping up...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#117 Posted : Monday, September 12, 2011 11:54:24 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
No demand(50,000), not on the board. Supply at 7.40. total supply 3M.
The investor's chief problem - and even his worst enemy - is likely to be himself
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2012
#118 Posted : Monday, September 12, 2011 11:57:30 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Aguytrying wrote:
No demand(50,000), not on the board. Supply at 7.40. total supply 3M.


Good people, please help me understand. This counter has traded for less than 1 month, so my question is 'who is selling?' How do you buy something and sell it at 17% loss in a week or 2? Why won't they hold for 1 or 2 years?

BBI will solve it :)
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Pedro_Nasinyama
#119 Posted : Monday, September 12, 2011 12:19:56 PM
Rank: New-farer


Joined: 5/11/2011
Posts: 63
Sometimes you count your loss and run early enough.
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QW25081985
#120 Posted : Monday, September 12, 2011 12:24:47 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
Ohhh poor wazuas who bought this monkey .....
Surely just looking at the stock market itself would have given you a clue as to how this ipo would perform..
But how many take time to study this market....
There was some one in this forum who said that Britank would be safaricom reincarnated .and i guess he was right...
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