mwekez@ji wrote:youcan'tstopusnow wrote:mwekez@ji wrote:cnn wrote:mwekez@ji wrote:A crazy observation is that they paid PKF to value the company at KES 8.5B. Thats a price per share of a whopping 21 bob!!! ... No details given on valuation methodology!!! ... DAMN!!!... CMA is sleeping on the job for not demanding information memorandum before this counter is listed!!!
I saw that and i was thinking how did they get to this....without the IM,my money stays safe.
Kudos mwekez@ji. Big talk from these fellows. Not impossible - but such lofty promises tend to be unnerving to some. e.g Fountain Enterprises Programme wanting to be biggest bank in 2016
http://wazua.co.ke/forum.aspx?g=posts&t=18991
Better to be modest in promises, and exceed in delivery.
Well noted @¥c$µπ. Lofty promises is the word. ... The company has been in operation for the past 5 years. It would have been enlightening to know the promises they made 5 years ago and how much they have achieved against that. That could have shed alot of light on how good/poor they will be in executing the current 5/10 year plan …. I still dont understand why they havent given us Information Memorandum
and its not just home afrika. most information memorandums come just before the corporate actions.
when i went there like 2 months ago, i was told i cant be given financial results i have to wait for info memo.
unsurprisingly another over valued listing. rem we are in a bull market.
@stocksmaster hit the nail on the head
The investor's chief problem - and even his worst enemy - is likely to be himself