The indicative price of KES 70 set for the KenGen IPO seems have been rather low. Closing at 166 on the first day of trading is really fascinating. However I expect the price to stabilize at a lower figure. But this shows that there’s lots of money floating all over the NSE looking for some [...]

from the prospectus: Gross Proceeds of the Offer: KES 721,050,000 for 12 Months ending Dec 2005  (150 000 000 shares) EPS 0.96 NAV 1.58 DPS 0.23 Offer Price to Book Value (NAV)  6.61 Times Implied historic PE based on EPS  10.88 Times —- for 12 Months ending Dec 2006/ (159 000 000 shares) Forecast EPS [...]

I just got hold of the prospectus and i’m now looking through it.. Hopefully: HFCK and Sameer go out and Scangroup Comes in. More on what i think about the IPO later (after i read). Details of the IPO. Blogged with Flock

I am still learning how to increase my streams of passive income. After all those are the avenues of income that make one rich. Apart from trading in stocks (passive income: dividends and capital gains), I am now looking at other means, but the initial investment for such ventures as real estate are not low. [...]

I decided to cash out of KenGen (not because I was broke ). I also think that the price could come down further as institutional investors are unlikely to enter the market until the price goes below a certain level – maybe something like 20. Based on my ‘kienyeji analysis’ http://josiahmugambi.blogspot.com/2006/04/kengen-ipo.html, I had decided that [...]

Look at Bankelele‘s post for details of the allocation. I really feel for the large individual & institutional investors who applied for large quantities of shares only to get a paltry 6,600 shares.. lost income for them since that money would have generated some income elsewhere for them. I still think the advisors, architects etc [...]

Came across Benjamin Graham’s book – the Intelligent Investor (4th edition)… Very informative book: Warren Buffet was an understudy of his. Now that most of the guys in the NSE speculate…. should be a enlightening read..

10 or so guys with KES 100000 or so each can really dictate Buy/Sell price.. Let alone the likes of akina the now well known Transcentury Group who have caused a sharp rise in Housing Finance shares with their intended acquisition of 24.9%.. I for one am for small investors to pool up their resources [...]