Wazua
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BRITAK Prospects
Rank: Member Joined: 4/30/2007 Posts: 92
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Why is Britak trading at the current rates? I didn't expect it to perform this way. Was it overvalued at the IPO? Was it another dump? How long is 'the big boys' lock in?
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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The existing shareholders ('big boys') were allowed to dispose a maximum of 'only' 27% within the 2 years after the IPO. This translates to 404,070,000 shares. IPO BASICS: DON'T JUST JUMP IN!!!GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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Britak owns hfck and equity chunks of shares about 26% and both have lost value over 50%...profit dip a must..run away until you see the price at 2bob. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:IPO BASICS: DON'T JUST JUMP IN!!![/url]
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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"It's important to understand that under-writers are salesmen" 
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The best IPOs at NSE are britank & mpesa. These 2 have taught Wanjikus a vital lesson not taught in any class. This experience will make it hard for IPO con jobs to be floated with impunity going forward $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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Nothing wrong with ipo's NOT all ipo's are bad ...some have been very successful for the wanjiku investor but the problem comes when they do ipo's in a market beaten up like ours.it then becomes hard to sell your company .
am sure if britak was done in mid 2010 we could have riped allot.You have to look at britak's fall in light of the market
bytheway there was a time safaricom rallied from 2 bob to 8 bob !
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Rank: New-farer Joined: 4/1/2010 Posts: 86 Location: Kenya
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Somehow, the stock will be back up. Intuition tells me so. And yes, I bought into the IPO.
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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chalan wrote:Somehow, the stock will be back up. Intuition tells me so. And yes, I bought into the IPO. mmmmhhhh ! pole sana ... there was a time it had rallied to close to pre ipo levels i hope you got out !
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