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BRITAK'S OPENING TRADE
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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2012 wrote: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? BRITAK has guys who bought at 1bob and even 50cents when it was still private.. These are the guys exiting.. Plus Wanjiku must be in a terrible panic selling spree!!  Its at 7.50 now.. WOW!! I cant believe i almost got into this one Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Until we get objective and independent equity research analysts, IPO overpricing will continue to be the norm. Either that or CMA will have to be strong and say investors have to get professional advice before participating in IPOs. Sehemu ndio nyumba
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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When I met the management I told them their IPO was overpriced...you should have seen the look on their face...ofcourse it was too late to pull off the IPO!
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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what is the price today? 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: Member Joined: 8/29/2008 Posts: 571
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The Deal:Well,the rule of "Caveat emptor" applies.So,whoever bought at one bob or nine bob,they law assumes they did due diligence before committing their money....
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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the deal wrote:When I met the management I told them their IPO was overpriced...you should have seen the look on their face...ofcourse it was too late to pull off the IPO! Do you remember you also encouraged people to buy after meeting them? Hope people didnt take ur advice...
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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lovely2010 wrote:the deal wrote:When I met the management I told them their IPO was overpriced...you should have seen the look on their face...ofcourse it was too late to pull off the IPO! Do you remember you also encouraged people to buy after meeting them? Hope people didnt take ur advice... @the deal, what would have been the fair price?
BBI will solve it :)
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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I never bought this monkey coz the market was just tooooooooooooooooo bearish and also i HAD NO CASH !!!!!!!!!!!!!!! lol . Thank goodness for being broke ...
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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the deal wrote:When I met the management I told them their IPO was overpriced...you should have seen the look on their face...ofcourse it was too late to pull off the IPO! Didn't you get a job offer so you could change your views Sehemu ndio nyumba
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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What made me change my mind, was the projected eaarnings for this fy. and projected eps and p.e. How is an insuarance company going to trade at a p.e of 13.00 with the current market condition. BTW should it be classified as insuarance company or investment company(like centum) The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Its like watching a train wreck and thanking God, you dint travel on it. Ten percent rule now holding it. Trading at 10 percent loss. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Mainat wrote:the deal wrote:When I met the management I told them their IPO was overpriced...you should have seen the look on their face...ofcourse it was too late to pull off the IPO! Didn't you get a job offer so you could change your views LoL @Mainat I can't disclose certain info.. i value the share at 5-6Bob because of the volatility of the financial assets they hold... In conclusion Britak is the stock to Buy Buy Buy when Equity clocks Sh30 and HF is at an all time high of Sh35...
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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And this britank, why is not yet listed? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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ecstacy wrote:@Wendz, say something. hahaha... why me? because i said the MD could have been telling the truth on marketing the shares? they surely did... that i know for sure... but it seems it didn't materialise... however, if you look at an earlier thread, you will say i said, this share is not for me. I didn't buy - wasn't even considering buying it at IPO and for a good reason.... later maybe.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Aguytrying wrote:
BTW should it be classified as insuarance company or investment company(like centum)
I thought the same thing also about Jubilee but I later realized that the money these guys use to carry out their various investment projects is obtained from Insurance premiums they get from normal insurance operations.. Without this insurance income there would be nothing to invest in.. This is not the same with the likes of centum and transcentury hence they have to be included in the insurance sector but IMHO BRITAK and JUB are by and large investment firms more than insurance firms Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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guru267 wrote:Aguytrying wrote:
BTW should it be classified as insuarance company or investment company(like centum)
I thought the same thing also about Jubilee but I later realized that the money these guys use to carry out their various investment projects is obtained from Insurance premiums they get from normal insurance operations.. But Britak does investments too the Old Mutual kind in equities, money market etc, or is that classified under insurance too?
BBI will solve it :)
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Rank: Elder Joined: 6/19/2008 Posts: 4,268
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2012 wrote:guru267 wrote:Aguytrying wrote:
BTW should it be classified as insuarance company or investment company(like centum)
I thought the same thing also about Jubilee but I later realized that the money these guys use to carry out their various investment projects is obtained from Insurance premiums they get from normal insurance operations.. But Britak does investments too the Old Mutual kind in equities, money market etc, or is that classified under insurance too? Britak has two arms. the insurance and the investment company. it is the investment company that does the investments.
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Rank: New-farer Joined: 5/11/2011 Posts: 63
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Donot seem to see BRITAK on the daily price list. Neither Wazua or NSE.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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If you really want to see it, check mystocks.co.ke or rich.co.ke The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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guru267 wrote:Aguytrying wrote:
BTW should it be classified as insuarance company or investment company(like centum)
I thought the same thing also about Jubilee but I later realized that the money these guys use to carry out their various investment projects is obtained from Insurance premiums they get from normal insurance operations.. Without this insurance income there would be nothing to invest in.. This is not the same with the likes of centum and transcentury hence they have to be included in the insurance sector but IMHO BRITAK and JUB are by and large investment firms more than insurance firms my view exactly The investor's chief problem - and even his worst enemy - is likely to be himself
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