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NSE IPO
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madebe
#221 Posted : Tuesday, September 02, 2014 4:34:33 PM
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Joined: 10/7/2010
Posts: 251
Location: nairobi
naskia 8 times oversubscription. Exchange bar people news???
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BGL
#222 Posted : Tuesday, September 02, 2014 5:22:17 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
madebe wrote:
naskia 8 times oversubscription. Exchange bar people news???


Results will be officially announced tomorrow!
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Aguytrying
#223 Posted : Tuesday, September 02, 2014 7:41:39 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
I don't see any reason why I can't ride this dragon and jump off when it sets itself on fire. and with much more than 500 shares. look where the nse 20 is. glad I didn't buy during ipo that over subscription...ouch with refunds
The investor's chief problem - and even his worst enemy - is likely to be himself
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mnandii
#224 Posted : Tuesday, September 02, 2014 8:11:54 PM
Rank: Elder


Joined: 10/11/2006
Posts: 2,304
Aguytrying wrote:
I don't see any reason why I can't ride this dragon and jump off when it sets itself on fire. and with much more than 500 shares. look where the nse 20 is. glad I didn't buy during ipo that over subscription...ouch with refunds

Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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jwatesh
#225 Posted : Tuesday, September 02, 2014 10:10:05 PM
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Joined: 8/19/2014
Posts: 125
Looks like am getting 500 shares. I will sell them on day one and stick to my bank stocks. Hope the price doubles
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uchumi
#226 Posted : Tuesday, September 02, 2014 10:28:01 PM
Rank: Member


Joined: 9/16/2006
Posts: 229
http://www.nation.co.ke/...2/-/vjhwq4z/-/index.html
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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obiero
#227 Posted : Tuesday, September 02, 2014 10:30:35 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,552
Location: nairobi
madebe wrote:
naskia 8 times oversubscription. Exchange bar people news???

damn. who exactly were buying this thing.. the largest oversubscription in East African securities exchange history

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Kihara joni
#228 Posted : Tuesday, September 02, 2014 10:39:13 PM
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Joined: 5/8/2013
Posts: 386
Location: Nyali mombasa
madebe wrote:
naskia 8 times oversubscription. Exchange bar people news???


@NSEKenya IPO oversubscribed 6.6 times. Investors applied for 504.2m shares against 66mn shares on offer.

@NSEKenya 17,859 new shareholders to be allocated the minimum 500 shares & thereafter in multiples of 100 on prorata basis.

watching from a distance even though I just applied for the minimum 500.
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Sober
#229 Posted : Tuesday, September 02, 2014 11:07:33 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
what! 663% oversubscription. lemmi wait for the refunds
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Sober
#230 Posted : Tuesday, September 02, 2014 11:18:38 PM
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Joined: 11/27/2007
Posts: 3,604
Doing a quich calculation of 66 million shares against 17,000 accounts brings us to an average of 3,000 shares meaning anyone who applied for more than than should expect heavy refunds. This may be skewed as we may be having few applicants whose orders ran into millions of shares
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Sober
#231 Posted : Tuesday, September 02, 2014 11:20:35 PM
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Joined: 11/27/2007
Posts: 3,604
madebe wrote:
naskia 8 times oversubscription. Exchange bar people news???


http://www.businessdaily...6/-/b1nl0kz/-/index.html
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Ericsson
#232 Posted : Wednesday, September 03, 2014 12:28:50 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
DTB oversubscription 463%.
NSE oversubscription 663%
UAP bond oversubscription 59%
Britam oversubscription 247%

This madness of oversubscription can be brought to a close or reduced if the following rights issue are held to soak up the excess liquidity;
KENGEN rights issue to raise ksh.15bn
NBK rights issue to raise ksh.10bn
Uchumi rights issue to raise ksh.1.5bn
Overto youu treasury secretary Henry Rotich do the necessary to hasten the process
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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BGL
#233 Posted : Wednesday, September 03, 2014 2:48:59 AM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
The formula of allocation is out.

Applicants will be allocated 500 shares and thereafter in multiples of 100 shares on pro rata basis rounded DOWN to the nearest 100 shares.
The AVERAGE pro rata allocation rate that HAS BEEN USED is 11.11%
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Sufficiently Philanga....thropic
#234 Posted : Wednesday, September 03, 2014 10:22:05 AM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
BGL wrote:
The formula of allocation is out.

Applicants will be allocated 500 shares and thereafter in multiples of 100 shares on pro rata basis rounded DOWN to the nearest 100 shares.
The AVERAGE pro rata allocation rate that HAS BEEN USED is 11.11%

This one dwarfs Safaricom's allocation which was 23% of shares applied for.
@SufficientlyP
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mwekez@ji
#235 Posted : Wednesday, September 03, 2014 10:35:43 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
BGL wrote:
The formula of allocation is out.

Applicants will be allocated 500 shares and thereafter in multiples of 100 shares on pro rata basis rounded DOWN to the nearest 100 shares.
The AVERAGE pro rata allocation rate that HAS BEEN USED is 11.11%


Massive level of confidence. Employee pool also oversubscribed. They will be allocated at a rate of 9.29%
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Aguytrying
#236 Posted : Wednesday, September 03, 2014 11:57:12 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
BGL wrote:
The formula of allocation is out.

Applicants will be allocated 500 shares and thereafter in multiples of 100 shares on pro rata basis rounded DOWN to the nearest 100 shares.
The AVERAGE pro rata allocation rate that HAS BEEN USED is 11.11%


Massive level of confidence. Employee pool also oversubscribed. They will be allocated at a rate of 9.29%


true. let's remember there were only 66 million shares on offer worth 627million shs. one institution could have bought everything
The investor's chief problem - and even his worst enemy - is likely to be himself
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Angelica _ann
#237 Posted : Wednesday, September 03, 2014 12:07:47 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
BD is at it again;


NSE share sale oversubscribed 663 per cent. According to the NSE, the level of oversubscription in the IPO is the highest in the market’s 50 year history, eclipsing that of Eveready at 900 per cent.

663/900 how?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Euge
#238 Posted : Wednesday, September 03, 2014 1:36:20 PM
Rank: Elder


Joined: 8/4/2008
Posts: 2,849
Location: Rupi
Aguytrying wrote:
mwekez@ji wrote:
BGL wrote:
The formula of allocation is out.

Applicants will be allocated 500 shares and thereafter in multiples of 100 shares on pro rata basis rounded DOWN to the nearest 100 shares.
The AVERAGE pro rata allocation rate that HAS BEEN USED is 11.11%


Massive level of confidence. Employee pool also oversubscribed. They will be allocated at a rate of 9.29%


true. let's remember there were only 66 million shares on offer worth 627million shs. one institution could have bought everything


Even one person. Watu wana pesa.
Lord, thank you!
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Angelica _ann
#239 Posted : Wednesday, September 03, 2014 1:39:36 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Euge wrote:
Aguytrying wrote:
mwekez@ji wrote:
BGL wrote:
The formula of allocation is out.

Applicants will be allocated 500 shares and thereafter in multiples of 100 shares on pro rata basis rounded DOWN to the nearest 100 shares.
The AVERAGE pro rata allocation rate that HAS BEEN USED is 11.11%


Massive level of confidence. Employee pool also oversubscribed. They will be allocated at a rate of 9.29%


true. let's remember there were only 66 million shares on offer worth 627million shs. one institution could have bought everything


Even one person. Watu wana pesa.

You read about one last week who forgot shares worth Kshs. 1.2B during CMC buyout and he was saying it was a small matter now sorted out!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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sparkly
#240 Posted : Wednesday, September 03, 2014 4:49:04 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Wait for the refunds, and a mad rally after the listing! This one will hit 40 bob within days of listing!

Bookmark this post.
Life is short. Live passionately.
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