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britak undersubscription?
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smano
#41 Posted : Wednesday, August 24, 2011 10:08:05 AM
Rank: Elder


Joined: 12/13/2006
Posts: 2,589
Listing is 2nd Sep according to the prospectus
BEER IS LIVING PROOF THAT GOD LOVES US AND WANTS US TO BE HAPPY!
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maka
#42 Posted : Wednesday, August 24, 2011 10:13:13 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
This IPO had promising prospects if normal market conditions were at hand but this wasnt the case IMHO a 60% subscription isnt that bad,managing to raise 3.5B when liquidity was and is still tight is impressive...Anything above 9.18 shs(depending on your broker) will be a profit lets see how it plays out...
possunt quia posse videntur
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Kenyan Oracle
#43 Posted : Wednesday, August 24, 2011 10:40:30 AM
Rank: Member


Joined: 5/31/2011
Posts: 254
hisah wrote:
Wow! Almost nil interest from the Mboys both local and foreigners. I was thinking that the NSE rebound would give this IPO a boost on listing, but nop. Wanjikus will be left high and dry. The history books will gauge this as the 1st IPO to be listed and tanked!


@Hisah. I beg to differ, I think KQ was the 1st IPO to be listed and tanked. Was floated in 1996 at 11.25 and tanked, was in ICU for 9 years @ 6bob thereabt (thanks to the moieconomics & the shenaningans). We were put out to dry till Sept 2006 when it hit it's all time high of 146
You lose money chasing women, but you never lose women chasing money - NAS
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QW25071985
#44 Posted : Wednesday, August 24, 2011 11:15:05 AM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
Kenyan Oracle wrote:
hisah wrote:
Wow! Almost nil interest from the Mboys both local and foreigners. I was thinking that the NSE rebound would give this IPO a boost on listing, but nop. Wanjikus will be left high and dry. The history books will gauge this as the 1st IPO to be listed and tanked!


@Hisah. I beg to differ, I think KQ was the 1st IPO to be listed and tanked. Was floated in 1996 at 11.25 and tanked, was in ICU for 9 years @ 6bob thereabt (thanks to the moieconomics & the shenaningans). We were put out to dry till Sept 2006 when it hit it's all time high of 146



WOW . from 6 bob to 146 . damn . i would love to be on that ride..lol
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Kenyan Oracle
#45 Posted : Wednesday, August 24, 2011 11:31:16 AM
Rank: Member


Joined: 5/31/2011
Posts: 254
QW25071985 wrote:
Kenyan Oracle wrote:
hisah wrote:
Wow! Almost nil interest from the Mboys both local and foreigners. I was thinking that the NSE rebound would give this IPO a boost on listing, but nop. Wanjikus will be left high and dry. The history books will gauge this as the 1st IPO to be listed and tanked!


@Hisah. I beg to differ, I think KQ was the 1st IPO to be listed and tanked. Was floated in 1996 at 11.25 and tanked, was in ICU for 9 years @ 6bob thereabt (thanks to the moieconomics & the shenaningans). We were put out to dry till Sept 2006 when it hit it's all time high of 146



WOW . from 6 bob to 146 . damn . i would love to be on that ride..lol

@QW. hahahaha. That ride lasted 10years. Quite hell of a time for a ride
You lose money chasing women, but you never lose women chasing money - NAS
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mkonomtupu
#46 Posted : Wednesday, August 24, 2011 11:49:41 AM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
2006 was a very good year for anyone who used to accumulate KQ just a 1000 shares per month, that was the time you travelled upcountry to see relatives who had the share certificates on the wall as part of the interior decor. I hope another mad bull will come
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Jamani
#47 Posted : Wednesday, August 24, 2011 11:57:52 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
mkonomtupu wrote:
2006 was a very good year for anyone who used to accumulate KQ just a 1000 shares per month, that was the time you travelled upcountry to see relatives who had the share certificates on the wall as part of the interior decor. I hope another mad bull will come


Inshallah
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guru267
#48 Posted : Wednesday, August 24, 2011 12:31:10 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Every single insurance stock on the NSE has a P/e of less than 5 but BRITAK is listing with a P/E of 7..

The foreigners mustve read the prospectus only once just like me and known they were being duped seriously.. But then again I'm sure almost every retail kenyan mustve bought basing on the ad and not the prospectus


6bob will soon VERY look expensive for this counter
Mark 12:29
Deuteronomy 4:16
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Mainat
#49 Posted : Thursday, September 01, 2011 10:21:34 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Listing postponed to next Thursday
Sehemu ndio nyumba
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Cde Monomotapa
#50 Posted : Thursday, September 01, 2011 10:53:08 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
guru267 wrote:
Every single insurance stock on the NSE has a P/e of less than 5 but BRITAK is listing with a P/E of 7..

The foreigners mustve read the prospectus only once just like me and known they were being duped seriously.. But then again I'm sure almost every retail kenyan mustve bought basing on the ad and not the prospectus


6bob will soon VERY look expensive for this counter

The Queen of Insurance :-*
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stocksmaster
#51 Posted : Friday, September 02, 2011 1:25:54 AM
Rank: Member


Joined: 9/26/2006
Posts: 450
Location: CENTRAL PROVINCE
Mainat wrote:
Listing postponed to next Thursday


They should have considered postponing listing to January 2013! Wanjiku was duped here big time!

I have a feeling that by the end of the 1st week post listing, the share will trade below Ksh 7. Institutional investors, high net worth investors and foreigners avoided this IPO......wonder who will be buying on listing as the few that bought make a mad dash for the exit! It will be a massacre this one!

And to imagine at least some 2 local banks were issuing loans for people to buy into the IPO (was it 85% financing?)!!
I find that irresponsible on the part of the banks! The two banks may be left holding a substancial amount of Britak shares (if substancial numbers took up the loan offers) if the share does go below 20% of issue price (ie Below Ksh 7).

Happy hunting.
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mlennyma
#52 Posted : Friday, September 02, 2011 7:34:03 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
I was told here that banks are only after your ability to pay a loan from other sources not the shares..whether you benefited is none of their business.
"Don't let the fear of losing be greater than the excitement of winning."
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hisah
#53 Posted : Friday, September 02, 2011 7:47:46 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
I can see even the reporter of biz daily doesn't know which firm is listing the ipo... See the photo. Biz daily goofs are just too much... Reading blogs or twitter updates is more liable than paying for this copy-paste paper...

http://www.businessdaily...8/-/915nspz/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#54 Posted : Friday, September 02, 2011 7:51:02 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Kenyan Oracle wrote:
hisah wrote:
Wow! Almost nil interest from the Mboys both local and foreigners. I was thinking that the NSE rebound would give this IPO a boost on listing, but nop. Wanjikus will be left high and dry. The history books will gauge this as the 1st IPO to be listed and tanked!


@Hisah. I beg to differ, I think KQ was the 1st IPO to be listed and tanked. Was floated in 1996 at 11.25 and tanked, was in ICU for 9 years @ 6bob thereabt (thanks to the moieconomics & the shenaningans). We were put out to dry till Sept 2006 when it hit it's all time high of 146

Did KQ tank on day 1?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#55 Posted : Friday, September 02, 2011 8:07:39 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
I'm so glad i stayed out. Numbers dont lie. It would've been a good deal if the n.s.e was up, because they are too exposed to the n.s.e. Where are their half year reports? I expect a major profit warning. Unless they do what CFCIH has done.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Aguytrying
#56 Posted : Friday, September 02, 2011 8:11:08 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
you know what? Considering how low equity and britak have fallen, if insurance biz and the other biz doesn't do well...... They could actually be in a loss position come dec 2011.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#57 Posted : Friday, September 02, 2011 8:24:33 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
mlennyma wrote:
I was told here that banks are only after your ability to pay a loan from other sources not the shares..whether you benefited is none of their business.

Ofcourseth! All the banksters in the house raise ur glasses Laughing out loudly
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Fyatu
#58 Posted : Wednesday, September 07, 2011 12:48:41 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Kengele ya britak haijalia bado??
Dumb money becomes dumb only when it listens to smart money
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Mainat
#59 Posted : Wednesday, September 07, 2011 1:13:56 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Kesho is d-day
Sehemu ndio nyumba
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mlennyma
#60 Posted : Wednesday, September 07, 2011 4:23:07 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
No single share in the cds accounts,who will be selling?
"Don't let the fear of losing be greater than the excitement of winning."
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