Two Weeks To Go As Investors Sell Other Shares To Buy British American IPO. Are you among them?

 

Traders at the NSE

It is Monday, that day of the week we all love to hate.  One of my friends says that it should be scrapped and we start the week on Tuesday. But Tuesday would also be the new Monday and we will hate it even further. Remember how you feel on the Tuesday after that long Easter Monday wkd? That is how you would feel if the day started on Tuesday.

You can tell from my intro that I am also having a slow day. Have you tried pouring Thick yoghurt to a container? Thats how slow my output is.  And no, the yoghurt you buy from the estate milk shop doesn’t qualify as thick.

Where was I again? Yes, the British American IPO. Looks like it is only me who is on a slow lane. Kenyans are moving as fast to grab the 650 million shares on offer by the British American IPO.  Reports and figures from the Nairobi Stock Exchange show that many retail investors are  selling other counters to invest in the IPO.

All Nairobi Stock Exchange indicators fell to a 20 month low. The NSE 20 share index fell by more than 3% as almost all share prices fell. For those who watch news up to the 15th minute, the NSE  20 share index is a measure of all major  blue chip stocks and tracks how they performed. Ok , blue chip stocks are shares that due to their numbers, trading and even price heavily  influence trading at the NSE. And for your sake learn to watch business news, they are less depressing than politics.

Who is driving the price increase? Me and you. Yes, the retail investors who want to get a piece of the 30% allocated in the offer. Retail investors have been allocated 195 million shares. But remember retail investors are all investors in east Africa. Yes, Kenyans, Ugandans, Tanzanians, Rwandese and Burundians will be treated as retail investors.  And remember if you are an individual life policy holder, you  can qualify for the 3% allocated to such holders.

My point? Avoid the last minute hurry and dash for your shares now. You have two  and a half week to go!  See other allocations below:

Employees, agents and individual life policy holders- 3%

East African Retail investors-30%

Qualified institution Investors-37%

Foreign investors- 30%

 

Advertisements

One response to “Two Weeks To Go As Investors Sell Other Shares To Buy British American IPO. Are you among them?

  1. Some feedback;

    http://www.british-american.co.ke/ipo (the link within this article is missing a semi-colon. Same with http://www.menafn.com/qn_news_story.asp?storyid={feb4ac58-b25d-4d7a-a34a-34349a2653f5} .

    British American has a hyphen i.e British-American

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s