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BRITAK'S OPENING TRADE
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Britak counter goes into hiding on the NSE counters list. Now we hide a bad IPO from the public eye to avoid panic & bad PR  This counter can't be saved by stalling the ATS etc. Maybe NSSF will be its knight in smolding armour... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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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? The reason is simple. It's dumb money trying to play catch up with smart money(Real Estate)! @SufficientlyP
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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the deal wrote: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... won't that be too late? possunt quia posse videntur
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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maka wrote:the deal wrote: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... won't that be too late? i agree with you @maka. Britak is a buy when equity is at 13.00 and HFCK is at 15.00 i think i might just speculate eon this one when it finds a bottom...
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Now trading at 6.65..   How low can it go?? Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi
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Crime against humanity. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Speculators are well trapped here... PPT is their only hope for an out of jail card... If I had bought this I'd take it like I got conned and move on. Luckily Mr. Market turns irrationally bullish and bearish. When the bullish irrationality returns, maybe the speculators will be able to get out flat or at a small loss. But the wait will be so long... And pray that this thing does not turn into a paka... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 7/12/2011 Posts: 194
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A low of 6.30. A 30% hit in a couple of days is no joke
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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I wonder if ze Wanjikus and Njokis can take class action suit against CMA/NSE for this debacle? Sehemu ndio nyumba
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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Rank: Member Joined: 9/26/2006 Posts: 450 Location: CENTRAL PROVINCE
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kenyainvestor wrote:A low of 6.30. A 30% hit in a couple of days is no joke If i was holding this share, i would still consider a price of Ksh 6.30 a good exit point to cut on losses......because i still see the share losing another Ksh 2.50 to about Ksh 3.80 - Ksh 4.00 range. With the full year results announcement (which the IPO prospectus had already predicted would be a pale shadow of last years), i cannot rule out a sub Ksh 3 price. Thats how overpriced this share was! Happy Hunting!
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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stocksmaster wrote:kenyainvestor wrote:A low of 6.30. A 30% hit in a couple of days is no joke If i was holding this share, i would still consider a price of Ksh 6.30 a good exit point to cut on losses......because i still see the share losing another Ksh 2.50 to about Ksh 3.80 - Ksh 4.00 range. With the full year results announcement (which the IPO prospectus had already predicted would be a pale shadow of last years), i cannot rule out a sub Ksh 3 price. Thats how overpriced this share was! Happy Hunting! wow !!!!!!!!
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Mainat wrote:I wonder if ze Wanjikus and Njokis can take class action suit against CMA/NSE for this debacle? The way to go! The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 8/29/2008 Posts: 571
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I don't think Wanjiku should sue CMA/NSE.You see, the bible says that the person who hides his talent,it will be taken and given to the one who has more,the one who didn't bury his....In Britak case Wanjiku didn't use his talent well(caveat emptor) and her cash was taken and added to Jimnah's,who used his talent and sold an over-priced security to wanjiku.....my one cent....
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Rank: Member Joined: 7/12/2011 Posts: 194
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Ali Baba wrote:I don't think Wanjiku should sue CMA/NSE.You see, the bible says that the person who hides his talent,it will be taken and given to the one who has more,the one who didn't bury his....In Britak case Wanjiku didn't use his talent well(caveat emptor) and her cash was taken and added to Jimnah's,who used his talent and sold an over-priced security to wanjiku.....my one cent.... Yep. Anyone invested should have at least taken a look at the financials/prospectus. Now for Family Bank.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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On the last day when Bank of Kigali IPO was closing, I was in Dyer making my purchase of BOK and there was a mama who was buying Britak worth 540k and another was selling scom to use the funds for Britak. I hope they are fine.
BBI will solve it :)
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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Ogambo should investigate. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 4/1/2008 Posts: 141
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What happenned to the IPO has it started trading?i havent seen it yet at the NSE list.But i read the blog abt it.Any info about how much is at the low end?/
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Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi
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Somebody refused to pay me my money until the offer closed,he however paid me afterwards.an angel send by god i would have burned. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi
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You are in your different world.look at the threads running you will be answered and let wazua delete yours. "Don't let the fear of losing be greater than the excitement of winning."
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BRITAK'S OPENING TRADE
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