obiero wrote:xtina wrote:HaMaina wrote:MaichBlack wrote:People need to relax. Monday is not far. Those swimming naked will be known that day!!
Swimming Naked is the most relaxing and fulfilling swim ever. Its just that everyone else thinks your mad.
On KPC Im waiting for my stocks to hit 25 and above by the end of this month. Uganda being a major shareholder and about to begin export of Oil is a definit + for KPC. KPC Shall rise.
25 bob aje na weak hands is only 2.56%
It must rise upon listing on day 1. It will be a highly illiquid share given that it is largely owned by institutions, and the retail investors that bought at 9.00 will obviously not sell below IPO price hurriedly. It must rise, but ideally it is worth KES 6.40
There is one question you have not asked yourself:
Who is this who will get suddenly "clever" and decide to buy at above 9/= while there was a massive under subscription (only 10% of the shares on offer) in the retail investors category!!?? That would be the most confused character! You sit out the IPO at 9/= then buy immediately on listing at above 9/= plus commissions!? A grossly under subscribed share (for retail investors anong others). I am not saying confused characters don't exist but I doubt they will be enough in this case to push the demand and price up.
Getting into the secondary market immediately after listing only makes sense if the IPO was significantly discounted and/or significantly oversubscribed and you are forced to buy the shares you didn't get in the IPO after listing.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.