Rank: Chief Joined: 8/4/2010 Posts: 8,977
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At the moment I'm just wondering if this IPO is to test the waters to see if IPOs can make a comeback. The market is still anti-IPOs after wanjikus got killed by mpesa bank's mega IPO. Then coop bank IPO then britak IPO which all sunk hard post listing. The rate at which wanjikus have also sold out of mpesa bank during GFC then 2011 and now shows that anti-IPO sentiment is still strong. So for institutionals this is still a good time to accumulate the IPO weakness until the herd comes rushing back as IPOs once again become the hottest thing in town. #MarketMaking101 $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@hisah. I see your angle. a measly 80-90m shares on offer. if institutions jump on this there'll be an oversubscription leading to a ka rally or rally afterwards. I mean it's a bull market even the likes of express are flying. as this ipo nears, today the nse turnover is 298M. the last time I saw these was in the bear days, also safaricom trades at 12.35 what must be a few months low. downwards trend? 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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How will the NSE perform this year? Here's a guide. 37% increase in turnover HY 2014 vs HY 2013 http://www.businessdaily...0/-/eiat7bz/-/index.htmlThe investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 12/3/2008 Posts: 113
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Model assumptions (2014 full year) Equity turnover Kshs 2B (Maximum) PE 16 (Compared to JSE (south africa)) Expected price post results Kshs 16.7 http://tinypic.com/view....du&s=8#.U8ZL-LEqLUs
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Rank: Member Joined: 3/20/2008 Posts: 503
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Mainat wrote:AS a business I would not buy into it, since the NSE has so many low hanging fruits and they've been unable to pick. IF its priced sensibly, I'll gamble http://www.businessdaily.../-/8at3w8z/-/index.html
Anyone with the prospectus/IM?????
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Rank: Member Joined: 1/25/2010 Posts: 344
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mwekez@ji wrote:I don't see our greedy brokers selling us their company cheaply #Awaiting.IM will sell at a price of 9.50/- cheap or exp?
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Rank: Member Joined: 7/13/2010 Posts: 160 Location: rift Valley-Naks
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I picked this from the BDA article "The NSE plans to open exchanges in Somalia, South Sudan, Democratic Republic of Congo and Burundi in a bid to neutralise its high exposure in the Kenyan market. Currently the bourse relies on the Kenyan market for all its revenues. " Seriously what growth is there in this markets?? ''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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tkzee wrote:I picked this from the BDA article
"The NSE plans to open exchanges in Somalia, South Sudan, Democratic Republic of Congo and Burundi in a bid to neutralise its high exposure in the Kenyan market. Currently the bourse relies on the Kenyan market for all its revenues. "
Seriously what growth is there in this markets??
Zero possunt quia posse videntur
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Rank: Veteran Joined: 4/23/2014 Posts: 911
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maka wrote:tkzee wrote:I picked this from the BDA article
"The NSE plans to open exchanges in Somalia, South Sudan, Democratic Republic of Congo and Burundi in a bid to neutralise its high exposure in the Kenyan market. Currently the bourse relies on the Kenyan market for all its revenues. "
Seriously what growth is there in this markets??
Zero Unless the NSE also wishes to tap into the highly profitable lines of terrorism,money laundering, illegal mining etc,etc “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Member Joined: 8/14/2009 Posts: 244
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Where are they taking the money?
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Rank: Member Joined: 8/5/2011 Posts: 125
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HaMaina wrote:maka wrote:tkzee wrote:I picked this from the BDA article
"The NSE plans to open exchanges in Somalia, South Sudan, Democratic Republic of Congo and Burundi in a bid to neutralise its high exposure in the Kenyan market. Currently the bourse relies on the Kenyan market for all its revenues. "
Seriously what growth is there in this markets??
Zero Unless the NSE also wishes to tap into the highly profitable lines of terrorism,money laundering, illegal mining etc,etc Beyond the civil strife currently existing in these economies, there exists a substantial population and natural resources that need to be tapped into. There will then be the entrepreneurs who have ideas big and small that need capital mobilization. The elephant in the room is the political and social instability. These tend to be transitional (duration is very variable), sort of like a growth phase (here I draw my conclusion from the observation on countries: Civil war in US, genocide in Rwanda, etc). But then thats what risk is all about...NO?
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Rank: Member Joined: 7/13/2010 Posts: 160 Location: rift Valley-Naks
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kiwaru wrote:HaMaina wrote:maka wrote:tkzee wrote:I picked this from the BDA article
"The NSE plans to open exchanges in Somalia, South Sudan, Democratic Republic of Congo and Burundi in a bid to neutralise its high exposure in the Kenyan market. Currently the bourse relies on the Kenyan market for all its revenues. "
Seriously what growth is there in this markets??
Zero Unless the NSE also wishes to tap into the highly profitable lines of terrorism,money laundering, illegal mining etc,etc Beyond the civil strife currently existing in these economies, there exists a substantial population and natural resources that need to be tapped into. There will then be the entrepreneurs who have ideas big and small that need capital mobilization. The elephant in the room is the political and social instability. These tend to be transitional (duration is very variable), sort of like a growth phase (here I draw my conclusion from the observation on countries: Civil war in US, genocide in Rwanda, etc). But then thats what risk is all about...NO? Well for S.Sudan it may work depending on the recent political outcome but for the rest it may just be a pipe dream ''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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HaMaina wrote:maka wrote:tkzee wrote:I picked this from the BDA article
"The NSE plans to open exchanges in Somalia, South Sudan, Democratic Republic of Congo and Burundi in a bid to neutralise its high exposure in the Kenyan market. Currently the bourse relies on the Kenyan market for all its revenues. "
Seriously what growth is there in this markets??
Zero Unless the NSE also wishes to tap into the highly profitable lines of terrorism,money laundering, illegal mining etc,etc Dirty money is the only way to generate sustainable revenue in such areas else they should just stay away.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Quick question, do you think PPT will allow their own stock to tank?..
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Rank: Member Joined: 6/14/2014 Posts: 332 Location: Nairobi
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The minimum number of shares retail investors can buy is 500
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@wazua admin. Please merge this post with the other NSE IPO post with 24 posts. 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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del 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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http://www.businessdaily.../-/tmc8kyz/-/index.html
http://www.standardmedia...ing-at-sh9-50-per-share
On post #20 i used 212,500,000 shares. My source was the annual report. Ive changed this to reflect the 194,600,000 that will be issued and fully paid for post the offer. Im using 194,600,000 as the shares for all calculations. And IPO price at 9.50 FY 2013. PAT- kshs 262.26 million EPS- 1.35 P/E- 7.04 NAV- 3.76 P/B- 2.52 FY 2012. PAT- Kshs 84.8 million EPS- 0.45 PE- 21.34 NAV- 2.53 P/B- 3.75 Im now wondering how they got from 212,500,000 to 194,600,000 shares. I think this one will rock, what do others feel?? 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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JSE is the only other self listed stock exchange. Did some little digging. Stock chart https://www.jse.co.za/cu...instrumentmasterid=8290
Annual report 2013 http://66.8.16.130/SENS_20140311_S342571.pdf
Issued shares are a whopping 86,076,464,000 2012.P/E = 23.6 (using 82 Rand average price) PAT = 2.5B kshs 2013.P/E = 16.9 (using current price of ~100.00 Rand) PAT = 4.2B Kshs What shocked me was NAV. Can a someone please calculate. I got 0.025 Rand per share but im doubting this!!!?? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Herewith the digital prospectus for NSE IPO https://www.nse.co.ke/nseipo/index.html
Offer pice 9.50 Offer closes 12-Aug-14 Results announced 03-Sep Commencment of trading 09-Sep NAV 5.68 Trailing P/E 4.66 Dividend payout ratio 18.6% Market Capitalisation 1.2bn
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