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BRITAK Prospects
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mycool
#1 Posted : Saturday, January 07, 2012 8:53:55 AM
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Joined: 4/30/2007
Posts: 92
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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youcan'tstopusnow
#2 Posted : Saturday, January 07, 2012 10:05:39 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
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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mlennyma
#3 Posted : Saturday, January 07, 2012 10:47:37 AM
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Joined: 7/21/2010
Posts: 6,192
Location: nairobi
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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Cde Monomotapa
#4 Posted : Saturday, January 07, 2012 10:51:23 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
IPO BASICS: DON'T JUST JUMP IN!!![/url]

Laughing out loudly Laughing out loudly
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Cde Monomotapa
#5 Posted : Saturday, January 07, 2012 10:56:22 AM
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Joined: 1/13/2011
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"It's important to understand that under-writers are salesmen" smile
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youcan'tstopusnow
#6 Posted : Saturday, January 07, 2012 11:32:17 AM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
"It's important to understand that under-writers are salesmen" smile

Applause Applause Applause
GOD BLESS YOUR LIFE
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hisah
#7 Posted : Saturday, January 07, 2012 2:33:21 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
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 smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25081985
#8 Posted : Saturday, January 07, 2012 3:02:54 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
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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chalan
#9 Posted : Saturday, January 07, 2012 4:22:38 PM
Rank: New-farer


Joined: 4/1/2010
Posts: 86
Location: Kenya
Somehow, the stock will be back up. Intuition tells me so. And yes, I bought into the IPO.
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QW25081985
#10 Posted : Saturday, January 07, 2012 4:54:13 PM
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Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
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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guru267
#11 Posted : Saturday, January 07, 2012 6:59:45 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
chalan wrote:
And yes, I bought into the IPO.


Clearly you can't or have no clue how to read a prospectus.. Which is sad because you actually do buy IPO's... All I can say is Good luck waiting for it to ever go back to 9bob¡¡
Mark 12:29
Deuteronomy 4:16
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Aguytrying
#12 Posted : Sunday, January 08, 2012 2:19:55 PM
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Joined: 7/11/2010
Posts: 5,040
Britak stock, will take a very long time to see 9 bob. Investors have to be patient, it will take years
The investor's chief problem - and even his worst enemy - is likely to be himself
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the deal
#13 Posted : Sunday, January 08, 2012 2:33:22 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
By 2013 this thing should be at Sh13-15, At Sh5 everything is now priced into that share price, smart investors should be now be looking at entry points.
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Realtreaty
#14 Posted : Sunday, January 08, 2012 2:57:42 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,360
smile Kenyans are just that perculiar as a MJ said. They do things at the same time! What I want to say is a prospectus is as a dream which may or not come to fruition. Who said under the IPO you cannot make money. OK Britak was @9 but came to @5. If you buy @5 now and sell only what you buy now at below IPO say @7 you could stll make a cool 2 bob per share. If we are lucky investors and good citizens and Kenya becomes rich and have agrowth rate of above 7% Britak would rise to 14 Kes and then 17, 20, 23, upwards. It is not only Britak on its knees, all except City trust and williamson tea!smile
mycool wrote:
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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Cde Monomotapa
#15 Posted : Sunday, January 08, 2012 3:20:02 PM
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Joined: 1/13/2011
Posts: 5,964
guru267 wrote:
chalan wrote:
And yes, I bought into the IPO.


Clearly you can't or have no clue how to read a prospectus.. Which is sad because you actually do buy IPO's... All I can say is Good luck waiting for it to ever go back to 9bob¡¡

Woiye smile
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guru267
#16 Posted : Sunday, January 08, 2012 3:55:24 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
BRITAK did not raise enough cash in the IPO to follow through on its diversification strategies in full.. Couple this with the damage the NSE will do to their 2011 results. I think 9 bob is wishful thinking¡¡¡

Can any investor out there give me one positive fundamental on Britak¿¿
Mark 12:29
Deuteronomy 4:16
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mycool
#17 Posted : Sunday, January 08, 2012 7:02:36 PM
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Joined: 4/30/2007
Posts: 92
Didn't buy into the IPO.Was considering an entry at 4 bob and below...Wishful thinking? Does 2012(read elections result) have an impact on this stock?
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Decide
#18 Posted : Monday, January 09, 2012 2:44:12 PM
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Joined: 12/21/2011
Posts: 15
britak is the stock that we expect to produce more millionaire in a short while that any other listed in N.S.E
You've got to be careful if you don't know where you are going, cause you might not get there!
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youcan'tstopusnow
#19 Posted : Monday, January 09, 2012 2:46:39 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Decide wrote:
britak is the stock that we expect to produce more millionaire in a short while that any other listed in N.S.E

Fair enough. Outline your reasons...
GOD BLESS YOUR LIFE
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Aguytrying
#20 Posted : Monday, January 09, 2012 4:02:50 PM
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Joined: 7/11/2010
Posts: 5,040
There is alot of Britank hopium trying to be HAWKED here. If you are a smart investor value it with the P/E of Jubilee its peer that is the leader of this segment. Just wait for the FY results for Britak and calculate the P/E, im sure even at 5 bob its over priced.
The investor's chief problem - and even his worst enemy - is likely to be himself
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