Rank: Veteran Joined: 11/13/2015 Posts: 1,649
|
obiero wrote:wukan wrote:stocksmaster wrote:mufasa wrote:@xtina thanks. I've seen the allocations.
I think that's good for the retail investor, the likelihood of hitting 12bob in the coming month is high.
This thing will go up before it comes down OMCs, Retail Investors, International Investors and even KPC employees all avoided this at Ksh 9.....unless NSSF wants to add onto its share holding on this, limited demand will pull it lower on listing especially now with the Iran issue hence potential limitations on oil supply for KPC to distribute. Happy Hunting I thought they announced that more than 600 institutional investors bought more than 3x their allocation The KPC share should rise tomorrow 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. There's no logical reason for it to collapse. It should rise, but ideally via NBV, it is worth KES 6.40 I see it more rangebound 6-8 for the accumulation stage then eventually settle at 12 over the medium term.
|