Wazua
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Home Afrika Listing at NSE!
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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kryptonite wrote:mwekez@ji wrote:Counter with shareholders fund of less than KES 0.4B is being sold for over KES 10B. Someone make me understand what the buyers are thinking ... ama this is another case of counter being manipulated inorder to make a kill from wanjiku who have very little info on their hands Your answer is right there in your question. Wanjiku is being baited in order to stampede into the slaughterhouse This is totally wrong...it shouldnt be allowed at all. possunt quia posse videntur
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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maka wrote:kryptonite wrote:mwekez@ji wrote:Counter with shareholders fund of less than KES 0.4B is being sold for over KES 10B. Someone make me understand what the buyers are thinking ... ama this is another case of counter being manipulated inorder to make a kill from wanjiku who have very little info on their hands Your answer is right there in your question. Wanjiku is being baited in order to stampede into the slaughterhouse This is totally wrong...it shouldnt be allowed at all. Very wrong ... and notice that none of the existing shareholders has undertaken a lock-in period
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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5 years since the company was established and it still has negative revenue reserve. Losses made over the period outweigh the profits 
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Rank: Member Joined: 4/20/2008 Posts: 437
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mwekez@ji wrote:And why dint they just list this in the Main Investment Market Segment if the counter has these purported value¿ Is it a strategy to list by keeping as much info as possible from people¿ There used to be a requirement for a company seeking to list (Main) to have been profitable in the preceding 3 (?) years - if this is still the law it could be the reason. Sitting it out as well.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Just a rip off...remember Paka listed at 9.50....IPO was oversubscribed...
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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SIB Today wrote: Real estate firm Home Afrika Limited (Home Afrika), commenced trading on the Growth Enterprise Market segment of the stock market yesterday, introduced at a price of KES 12. ... The firm has not stated whether it has adequate funding for its planned projects and could need to borrow or raise funds through a rights issue. ... The counter climbed 108% during yesterday’s trading to close at KES 25 indicating a P/B of 26x, PE of 60x- which seems an extremely generous valuation for an investment holding company, in our view.
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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the deal wrote:Just a rip off...remember Paka listed at 9.50....IPO was oversubscribed... At least paka went upto 28bob before droping. This one will start to drop immediately Thieves
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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King G wrote:the deal wrote:Just a rip off...remember Paka listed at 9.50....IPO was oversubscribed... At least paka went upto 28bob before droping. This one will start to drop immediately Back then during the madness of 2005 - 2007 wanjikus only knew about bull markets. Then mpesa bank came and taught them about the bull called a bear. Then GFC made sure that the lesson was a crash course. Now wanjikus are more experienced yaani wamekula chumvi ya soko. You can tell by the number of IPOs post GFC that have been undersubscribed to date that listing by intro is now the favoured mode to bring in new counters.
#WanjikusEnlightened 
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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hisah wrote:King G wrote:the deal wrote:Just a rip off...remember Paka listed at 9.50....IPO was oversubscribed... At least paka went upto 28bob before droping. This one will start to drop immediately Back then during the madness of 2005 - 2007 wanjikus only knew about bull markets. Then mpesa bank came and taught them about the bull called a bear. Then GFC made sure that the lesson was a crash course. Now wanjikus are more experienced yaani wamekula chumvi ya soko. You can tell by the number of IPOs post GFC that have been undersubscribed to date that listing by intro is now the favoured mode to bring in new counters.
#WanjikusEnlightened
Actually a huge no. vowed never to touch stocks again... possunt quia posse videntur
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Rank: Member Joined: 4/20/2008 Posts: 437
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Quote:Lock-In Period for Existing Shareholders
None of the existing shareholders beneficially owns a 3% interest in the voting power of the Issuer and have
therefore not undertaken a lock-in period. That's from the IM......
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