KA-INVESTOR

  • Waiting to Excel

    Posted: April 25, 2008, 5:37 pm by ka-investor
    Now that the window of application for the Safaricom IPO has finally closed, everybody is waiting to cash-in in one of the ‘biggest bets’ of the year. Most of the optimists that queued up for hours just to get a piece of this giant offer are now crossing their fingers that the share price will double or triple {to ksh.10, 15 ….or even 20} once the share hit the trading floor on May 9th.

    On the other hand, pessimists or mere IPO-refund-adverse investors who by-passed the IPO hope that many retail investors will off-load in the 1st week so that the share price won’t appreciate that much {hover around Ksh.6 or 7} and they can buy as many shares as possible for the long term. In my view the possibility of this is quite minimal, but I’m ready to get more shares in case it happens.

    With an oversubscription being more than likely to be the case {even with Tanzanians out}, I hope it will be over 200% so that we claw back more shares from the foreign lot. Anything less than this will mean having your monies tied up in refund cheques.

    With over 2 million shareholders in their register, Safaricom is in for more headaches during their AGM’s. And I don’t understand how foreign shareholders will be handled when it comes to this.


    The waiting has been long and I’m glad that at last this is behind us. For over two years, the debate on Safaricom the company and Safaricom the IPO, its Mobitelea connections and many other things have been making rounds in the blogs. Some heated discussions have taken place, but after all is said and done the Mobitelea culprits are still untouchables. So forgetting about them is the only feasible option.

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Fish cakes

Alas a fish cake.

Yet more fish cakes

Guess what ... yeah ... fish cakes.

The end of the fish cakes

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