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Longhorn Listing
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bird_man
#41 Posted : Wednesday, May 30, 2012 9:53:18 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
As per link...."Newly listed shares are expected to fluctuate beyond the ten per cent share price change limit on the first day of trading, to help the market establish a valuation for new stocks.".....

Have they talked about it going down by 10%?
Formally employed people often live their employers' dream & forget about their own.
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VituVingiSana
#42 Posted : Wednesday, May 30, 2012 11:05:21 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
FT Nyammo - The man behind the collapsed Kenya Finance Bank
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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jerry
#43 Posted : Wednesday, May 30, 2012 11:10:18 AM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
bird_man wrote:
As per link...."Newly listed shares are expected to fluctuate beyond the ten per cent share price change limit on the first day of trading, to help the market establish a valuation for new stocks.".....

Have they talked about it going down by 10%?

Ask in another way. Is the 10% rule not applicable or it's just superflus! info?
The opposite of courage is not cowardice, it's conformity.
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VituVingiSana
#44 Posted : Wednesday, May 30, 2012 11:17:11 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
So Longhorn made a LOSS for 1Q FY 2012 (1st July - 30 Sep 2012) per the audited information in the IM
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#45 Posted : Wednesday, May 30, 2012 11:53:16 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Political control over FPE funds is coming to a close shortly. Remember that.
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FUNKY
#46 Posted : Wednesday, May 30, 2012 2:15:23 PM
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Joined: 4/30/2010
Posts: 1,635
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hisah
#47 Posted : Wednesday, May 30, 2012 2:25:34 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
FUNKY wrote:
http://af.reuters.com/article/kenyaNews/idAFL5E8GU5F020120530

I've got a sneaky feeling this thing will follow the tranny (TCL) path. We will see by end of June if it won't be below the listing price. But due to the limited share volume, the slid will be in slow motion.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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PKoli
#48 Posted : Wednesday, May 30, 2012 3:50:22 PM
Rank: Elder

Joined: 2/10/2007
Posts: 1,587
hisah wrote:
FUNKY wrote:
http://af.reuters.com/article/kenyaNews/idAFL5E8GU5F020120530

I've got a sneaky feeling this thing will follow the tranny (TCL) path. We will see by end of June if it won't be below the listing price. But due to the limited share volume, the slid will be in slow motion.

I share your sendiments
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guru267
#49 Posted : Wednesday, May 30, 2012 7:48:17 PM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
hisah wrote:
FUNKY wrote:
http://af.reuters.com/article/kenyaNews/idAFL5E8GU5F020120530

I've got a sneaky feeling this thing will follow the tranny (TCL) path. We will see by end of June if it won't be below the listing price. But due to the limited share volume, the slid will be in slow motion.


This thinking is hugely flawed...

TCL was an expensive stock listing during a bear market..

LONHORN is a cheap stock listing during a market rally..
Mark 12:29
Deuteronomy 4:16
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hisah
#50 Posted : Wednesday, May 30, 2012 7:53:14 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
guru267 wrote:
hisah wrote:
FUNKY wrote:
http://af.reuters.com/article/kenyaNews/idAFL5E8GU5F020120530

I've got a sneaky feeling this thing will follow the tranny (TCL) path. We will see by end of June if it won't be below the listing price. But due to the limited share volume, the slid will be in slow motion.


This thinking is hugely flawed...

TCL was an expensive stock listing during a bear market..

LONHORN is a cheap stock listing during a market rally..

My thinking is, this thing is being listed when profits have doubled. Can this feat be repeated? And for how long?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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