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britak undersubscription?
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kagazia
#1 Posted : Friday, July 15, 2011 6:32:55 PM
Rank: New-farer


Joined: 5/27/2011
Posts: 21
Location: nairobi
is this possible?just from sib dint see any activity of an ipo there
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josiah33
#2 Posted : Friday, July 15, 2011 7:01:09 PM
Rank: Elder


Joined: 1/27/2011
Posts: 1,777
Well! blame it on the price of unga. I am struggling to put ugali on the table and i even forgot there was an IPO that's why u didn't see me at SIB.
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Sober
#3 Posted : Friday, July 15, 2011 7:03:18 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
The timing for this offer is very poor i tell you. I am not a financial analyst but i would not float my shares in such an environment, the worst being a company that made a turnaround to profit making just before the IPO. I would touch this with a very long pole, lads.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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QW25071985
#4 Posted : Friday, July 15, 2011 8:50:52 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
well. i will just keep to myself....i said now is the time to put your money away and let the bargains come to you.But still i am seeing people buying stocks like its a fish market...
This IPO is a NO NO NO NO NO NO NO for me...
i just donot understand whats the rush in listing ??? kwani kuna zawadi ???
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youcan'tstopusnow
#5 Posted : Thursday, July 28, 2011 11:03:17 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Benson Wairegi: "I'm very impressed about the numbers coming in about our IPO"

Soon we'll know if he's telling us the truth...
GOD BLESS YOUR LIFE
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Wendz
#6 Posted : Thursday, July 28, 2011 11:17:08 AM
Rank: Elder


Joined: 6/19/2008
Posts: 4,268
youcan'tstopusnow wrote:
Benson Wairegi: "I'm very impressed about the numbers coming in about our IPO"

Soon we'll know if he's telling us the truth...


This IPO has highly been marketed in foreign markets... his guys have been to SA and several countries in the UK... he may not entirely be telling half truths... he could actually be telling the truth but we'll get to know as time goes by.
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Kenyan Oracle
#7 Posted : Thursday, July 28, 2011 11:50:00 AM
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Joined: 5/31/2011
Posts: 254
I agree with QW & Sober. I don't know what the rush is for to list. I wouldn't go for it. Just look at TCL where its heading, after so much hype. It's heading southwards. This is a sure sign of the stock market direction. With the rush it reminds me so much of the Kengen, Kenya Re IPO & Mumias saga, just before and after 2007 elections. Most investors were left holding monkeys in their hands. If this is something to go by.
You lose money chasing women, but you never lose women chasing money - NAS
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Sober
#8 Posted : Thursday, July 28, 2011 11:50:19 AM
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Joined: 11/27/2007
Posts: 3,604
The guy talked so confidently on telly yesterday.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Wendz
#9 Posted : Thursday, July 28, 2011 11:59:03 AM
Rank: Elder


Joined: 6/19/2008
Posts: 4,268
Kenyan Oracle wrote:
I agree with QW & Sober. I don't know what the rush is for to list. I wouldn't go for it. Just look at TCL where its heading, after so much hype. It's heading southwards. This is a sure sign of the stock market direction. With the rush it reminds me so much of the Kengen, Kenya Re IPO & Mumias saga, just before and after 2007 elections. Most investors were left holding monkeys in their hands. If this is something to go by.



Interesting how all investors here keep claiming that cash is king when the market is on the low... because you are able to get bargains etc.... I dont know what makes it different for companies... they are trying to position themselves before everything hits rock bottom and starts to rise again..... that way, even if you were a shareholder, you'd commend them for the job they have done... not waiting until the tide is up in the sky for them to start "investing"... if one way of raising that cash for expansion and getting into real estate is by way of IPO, then the management is doing a great job to their shareholders.... dont you agree?
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Kenyan Oracle
#10 Posted : Thursday, July 28, 2011 12:25:16 PM
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Joined: 5/31/2011
Posts: 254
Wendz wrote:


Interesting how all investors here keep claiming that cash is king when the market is on the low... because you are able to get bargains etc.... I dont know what makes it different for companies... they are trying to position themselves before everything hits rock bottom and starts to rise again..... that way, even if you were a shareholder, you'd commend them for the job they have done... not waiting until the tide is up in the sky for them to start "investing"... if one way of raising that cash for expansion and getting into real estate is by way of IPO, then the management is doing a great job to their shareholders.... dont you agree?


For an IPO I'd rather invest in an upward moving market than otherwise. Yeah cash is King. For the other stocks you are able to get a bargain since u have a track record + fundamentals as a guideline. Their timing is just wrong. Also with so many companies rushing to offload to the public is there something fishy (using the Kengen, Mumias & Kenya Re examples) just before 2012? I know some might say the examples given were Gova shareholding but the same IPO's & listing are cronies for the same Gok.
You lose money chasing women, but you never lose women chasing money - NAS
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selah
#11 Posted : Thursday, July 28, 2011 12:28:48 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@Wendz is right the company knows the market is on a bear run,just like COOP IPO which was under-subscribed but they are so enthusiastic about the offer is as if we are not seeing what they are seeing...Looking at the numbers Britak actually rivals and sometime outpace jubilee when you look at some metrics so Even though there are skepticism on the future of its share price we might get a rude shock when we fail to get the shares below the 9/= mark.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Gadaffi
#12 Posted : Thursday, July 28, 2011 12:30:56 PM
Rank: Member


Joined: 2/13/2011
Posts: 284
Location: Nairobi
one thing u nid 2 understand is that quite a n.o of pple-mostly in rural areas n th illiterate- only hv access 2 info from britak via media which is tellin pple 2 buy. even if u were 2 give them th prospectus, they cant even do a basic analyses of the financial stmts, they simply rely on hearsay(adverts frm britax).
so one way or another, th IPO will have its takers. i do nt hav any facts bt i think most wanjikus own shares via ipo..
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mlennyma
#13 Posted : Thursday, July 28, 2011 12:46:53 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
Can the negativity expressed in all wazua forums on britak change anything.i wait to see...i assume many pple are selling to buy britak.
"Don't let the fear of losing be greater than the excitement of winning."
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Sober
#14 Posted : Thursday, July 28, 2011 1:00:13 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
This IPO will be fully subscribed +-10% but the tricky bit will be when it resumes trading.
With such environment for sure it will not pull a kengen as most villagers are convinced it may do.
I will be hoping it trades at 6bob day three for me to lock my cash in there.
It may sound weird, but that is the general mood/trend in the market.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Dod
#15 Posted : Thursday, July 28, 2011 1:01:06 PM
Rank: Member


Joined: 10/4/2010
Posts: 223
Location: Afghanistan
I was at my broker's office on Tuesday and noticed that a majority of the clients were there for the IPO.
The rich have money working for them; the poor and the middle class are going to work for money.
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selah
#16 Posted : Thursday, July 28, 2011 1:15:25 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@sober we are sailing in the same boat....so you wont see me on the last day standing on a 3km queue waiting for my application to be processed like we will witness come the deadline date.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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ecstacy
#17 Posted : Thursday, July 28, 2011 2:26:47 PM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
Who will you sell to?
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youcan'tstopusnow
#18 Posted : Tuesday, August 23, 2011 10:59:57 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
youcan'tstopusnow wrote:
Benson Wairegi: "I'm very impressed about the numbers coming in about our IPO"

Soon we'll know if he's telling us the truth...

Laughing out loudly Another reasom that proves management will say anything
GOD BLESS YOUR LIFE
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JabaBoeku
#19 Posted : Tuesday, August 23, 2011 11:04:32 AM
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Joined: 4/28/2008
Posts: 53
thats why its called Management
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maka
#20 Posted : Tuesday, August 23, 2011 12:10:56 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
It has been under subscribed...
possunt quia posse videntur
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