Rank: Member Joined: 5/8/2013 Posts: 386 Location: Nyali mombasa
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Today sunk in the 4780/- minimum required for the 500 shares, money I am willing to loose anyway ningekunywa yote last weekend, Might buy more after it starts trading after evaluating the response.
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Rank: Member Joined: 8/6/2013 Posts: 640
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Kihara joni wrote:Today sunk in the 4780/- minimum required for the 500 shares, money I am willing to loose anyway ningekunywa yote last weekend, Might buy more after it starts trading after evaluating the response. You have challenged Me, I shall be investing hiyo pesa ya fobe. Its all good.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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In the event of over-subscripton, all valid applicatons will be allocated 500 shares frst and thereafer in multples of 100 Ofer Shares on a pro rata basis (rounded down to the nearest 100 Ofer Shares) untl all Ofer Shares are fully exhausted.Someone explain with illustrations. Life is short. Live passionately.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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sparkly wrote:In the event of over-subscripton, all valid applicatons will be allocated 500 shares frst and thereafer in multples of 100 Ofer Shares on a pro rata basis (rounded down to the nearest 100 Ofer Shares) untl all Ofer Shares are fully exhausted.
Someone explain with illustrations. My understanding is that everyone will get the initial 500 shares,then after that it will be based on order size but the overal percentage of allocation will be the same...one person would apply for a 1,000,000 shares while another applies for just 10,000 shares...both would get the initial 500 but thereafter based on the oversubscription a percentage of what they applied for which should be the same across board eliminating advantage if you apply for many shares... A- would therefore get 500 initial and maybe 10% of 999 500. B-would get 500 initial and maybe 10% of 9500. During the kengen IPO there was advantage if you subscribed via multiple CDS accounts the pro rata issue eliminates this... possunt quia posse videntur
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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Kihara joni wrote:Today sunk in the 4780/- minimum required for the 500 shares, money I am willing to loose anyway ningekunywa yote last weekend, Might buy more after it starts trading after evaluating the response. Best advice so far. I will sink in only that much this morning.
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Rank: Elder Joined: 7/21/2010 Posts: 6,187 Location: nairobi
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There may be little to make due to oversubscription,but lets hope it wont be very high "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 2/22/2009 Posts: 2,449 Location: Africa
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For Sport wrote:Kihara joni wrote:Today sunk in the 4780/- minimum required for the 500 shares, money I am willing to loose anyway ningekunywa yote last weekend, Might buy more after it starts trading after evaluating the response. Best advice so far. I will sink in only that much this morning. Was actually thinking of doing the same. I can put the rest of the money in another stock rather than have it held until the refund
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Rank: Veteran Joined: 7/1/2014 Posts: 917 Location: sky
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Shak wrote:For Sport wrote:Kihara joni wrote:Today sunk in the 4780/- minimum required for the 500 shares, money I am willing to loose anyway ningekunywa yote last weekend, Might buy more after it starts trading after evaluating the response. Best advice so far. I will sink in only that much this morning. Was actually thinking of doing the same. I can put the rest of the money in another stock rather than have it held until the refund I didn't factor in time for refund, how long is it likely to take There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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I did some calculations and I think everyone may get up to 10,000 shares. but this means this ipo ain't for institutions unless they buy after ipo and that can't be immediately coz overvalued. this is wanjiku vs the selling institutions( stockbrokers). it may be bloody this fight The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:I did some calculations and I think everyone may get up to 10,000 shares.
but this means this ipo ain't for institutions unless they buy after ipo and that can't be immediately coz overvalued.
this is wanjiku vs the selling institutions( stockbrokers). it may be bloody this fight Finally you wear the money goggles. The cheaper it is the retailers it baits... Marketing 101.
Why should I as a big fund manager fight out with wanjikus for some few slices priced at a premium? I'd instead push for a private placement on my terms since I have the big cash ticket. IPOs are mostly exits thus why retailers/wanjikus are called for the party...
ION, this CMA response is a poor show -
http://www.businessdaily...4/-/ty9hca/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:Aguytrying wrote:I did some calculations and I think everyone may get up to 10,000 shares.
but this means this ipo ain't for institutions unless they buy after ipo and that can't be immediately coz overvalued.
this is wanjiku vs the selling institutions( stockbrokers). it may be bloody this fight Finally you wear the money goggles. The cheaper it is the retailers it baits... Marketing 101.
Why should I as a big fund manager fight out with wanjikus for some few slices priced at a premium? I'd instead push for a private placement on my terms since I have the big cash ticket. IPOs are mostly exits thus why retailers/wanjikus are called for the party...
ION, this CMA response is a poor show -
http://www.businessdaily...4/-/ty9hca/-/index.html
I'm glad the greed didn't take over. the institutions will enter later when dust settles and they can get large significant chunks. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/7/2012 Posts: 11,911
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Thanks guys for all the input on this IPO! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 3/26/2012 Posts: 830
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Rule of thumb is to largely ignore new listings. A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: New-farer Joined: 3/1/2014 Posts: 82
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Aguytrying wrote:hisah wrote:Aguytrying wrote:I did some calculations and I think everyone may get up to 10,000 shares.
but this means this ipo ain't for institutions unless they buy after ipo and that can't be immediately coz overvalued.
this is wanjiku vs the selling institutions( stockbrokers). it may be bloody this fight Finally you wear the money goggles. The cheaper it is the retailers it baits... Marketing 101.
Why should I as a big fund manager fight out with wanjikus for some few slices priced at a premium? I'd instead push for a private placement on my terms since I have the big cash ticket. IPOs are mostly exits thus why retailers/wanjikus are called for the party...
ION, this CMA response is a poor show -
http://www.businessdaily...4/-/ty9hca/-/index.html
I'm glad the greed didn't take over. the institutions will enter later when dust settles and they can get large significant chunks. Well said. Investing requires more of discipline than anything else. Now to wait for the next fat pitch. “The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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hooverrl wrote:Hi everyone, Lots of good points raised. I'm generally skeptical of IPOs, but this looks like it may offer some long-term value to individual investors. I just posted my quick valuation exercise for the IPO here. Is the NSE IPO a Bargain?Many thanks, and I greatly value your feedback! Ryan Nice analysis
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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How many brokers have a buy reco on this listing? How can the brokers rate this listing yet it is a part of them? Is this not conflict of interest?  Update - I can see CMA noted the conflict, but when the window is about to close. Bad taste  http://www.businessdaily...56/-/bssy7p/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 5/11/2011 Posts: 48
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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All recommendations so far from the brokerage firms are a buy with 20-50% upside potential. Very wide % difference.
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Rank: Elder Joined: 7/21/2010 Posts: 6,187 Location: nairobi
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Any posibility of adding afew days I get some more money by Thursday? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 3/26/2012 Posts: 830
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NSE is a low risk business hence low returns. I largely ignore new listings. I will watch from the sidelines and even in future, i just dont see why I will ever invest in this share because of likely low returns associated with its low risk. Good luck to those who are investing in the IPO A successful man is not he who gets the best, it is he who makes the best from what he gets.
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