Friday, May 30, 2008

Safaricom IPO allocation

20% retail

30% corporate

temporary post

14 comments:

Anonymous said...

Hi Kelele? what about foreigners? 20 or 35% of 10 billion shares?

MainaT said...

tx banks. i was out by 3%. these are small allocations, but mean there should be huge upside.

i will/won't mention refunds...

Maishinski said...

Am in shock. How?!

Maishinski said...

I have a strong suspicion that the allocations in this IPO have been grossly manipulated.

Retail investors can't have chucked more money than institutional investors. Doesn't make sense at all - especially since Institutional investors use DVP - hence could afford to quote any amount they pleased.

I would like to see the shareholder distribution based on number of shares allocated. This could be Mobitelea in action!

adam cartwright said...

IPO raised a total of 236 BILION SHILLINGS.
LOCAL INVESTORS 160 BILLION FOREIGN INVESTORS 76 BILLION

ALLOCATIONS

SUBSCRIPTION RATE SUPPOSEDLY 553 PERCENT SO OVERSUBSCRIBED BY 453%
GOVERNMENT INVOKED CLAWBACK OPTION OF 15 PERCENT THUS INCREASING SHARES ALLOCATED TO LOCAL INVESTORS BY 1.5 BILLION SHARES. SO LOCAL RETAIL WAS 3.38 BILLION SHARES=1.5 BILLION SHARES

MORE DETAILS AT WWW.PANDEROSA.BLOGSPOT.COM
FULL ALLOCATION INFORMATION PLUS BREAKDOWN AND STILL MORE TO COME. THE MINISTER THOUGH RELEASED SOME SHADY NUMBERS SO PLEASE DO THE MATH UASELF AGAIN. HE WAS STILL CHANGING SOME AT 9 OCLOCK IN THE NIGHT.

inspectordanger said...

Manipulation, Economic rape, corruption, and Mobitelea is staring us right in our faces. Shame on Michael Joseph, Shame on Kimunya, Shame on Koimet. They have robbed the taxpayers.

patrick said...

what a letdown, a missed opportunity,of owning a company we built from the ground -up.instead it's the usual "AFRICAN" story.we work ,mine,export including food and oil to the WEST when we need the resorses the most.THIS IS OUR TIME AFRICA. NO ONE NEEDS TO TELL US HOW TO DO THINGS ANYMORE "CITIBANK".
always remember they look after there interests first."there not stupid"
the structure was meant to inform (show ) the international investors that kenya was ready for business.

\common sence\ you don't build a company and at the last minute sell it to foreign investors.

A farmer does't plough his land,plant the SEED and just before havest SELL THE LAND. there should have been a provision for the share s to be first KENYAN.

MANY POEPLE borrowed,saved and waited for many years for the chance to own what they created, the common man who din't opt for EFT payment will wait until the 9-6-2008 for there refund cheques.

This means the will wait another 4 days for the cheques to clear,therefore excluding them from the first crucial days of trading off the shares at the stock exchange.
I read in a report that with the current allocation of the minimum ksh10,000 - 79% =500 shares approximate the dividend from the 2 billion would equate to ksh 21. yes twenty one shillings.

the government said the share allocation was well thought out.
this means they either cheated us with no MORALS whatsoever or incompetence which means they should not be trusted with the MANAGEMENT OF our economy.

BORROWERS from banks etc will have to sell there miniscule shares PRONTO to avoid losses form interest rates.it's a headache no one needs to hope the shares to appreciate in value.
REMEMBER it's 10 billion shares. with the rules of supply and demand the shares will not appreciate in the short term,until such a time when the shares will be in as few hands as possible.

Anonymous said...

This is what you get when the Investment advisors have conflict of interest.

All Kenyans, lets unite and boycott Dyer and Blair for ripping us off!

If we all transfer our CDS accounts to other brokers, we can teach these bastards a lesson (by denying them commissions).

But don't throw stones please...

patrick said...

That is a brilliant idea.
infact i,m on the net looking at addresses of other stock brockers.
i will never again deal with dyer and blair.

YOU let us down and this has to have consiquences. this is not a knee jerk reaction but a responce to over 700,000 investors who have lost you're confidence.
byebye d&b

Anonymous said...

There should be a new branch of Finance / economics that deals with effects of corruption, manipulation and conflict of interest on investments and growth.

AAARRRGGGGHHH!

I will never use Dyer and Blair for any trading! Never.

Proud Kikuyu Woman said...

Kwani people from D$B are getting less than the 20%? What's the agitation?

MainaT said...

Guys, whats with the paranoia?

The stock was priced at Ksh5, almost the cheapest at the NSE. Do you know anybody who didn't apply for some Safcom? Isn't it the first time guys have been able to borrow hugely to invest in an IPO? Equity alone gave away Ksh37bn.

You all knew it would be oversubscribed-so why the shock?
Focus on how to get some in the 2ndary market.

patrick said...

the issue here is KENYANS only getting 21%===== 70% SHOULD have been the minimum for kenyans.

the shares were too many in my opinion.there should have been at ksh 100 or 500 million shares.
the people who were structuring the shares were looking after there own interests.

it was very clever of them to put a share at ksh.5
this design was for the sole purpose of making the share unattractive to keep so that the big BOYS can suck them all up.

KENYANS please remember it was you're RIGHT to own you're company the GOVERMENT was not doing you a FAVOUR.
SHAME ON THEM WASHINDWE WASHINDWE

and i will be very suprised if they go to ksh 7.00 in the near term.the international investors, dealers,fundmanagers and the cheated kenyans will flood the market with the shares to suppress them. i hope.

bankelele said...

MainaT: still waiting for the official confirmation with ranges e.g. up to 10,000 shares, up to 1m shares etc. banks are in a dilemma I think going forward


Maishinski: me too;-]. As coldstusker asked, what is a foreign investor? And also what is a QII – since an i-bank can ‘cloak’ its applicants behind nominee accounts? Still they all lost out given the massive over-sub

Adam: nice reading; I’d like to hear from Morgan Stanley also

Inspectordanger: as the minister said, even if 100% of the company was on offer, it would not be enough

Patrick: this was the best chance for Kenya to invite skeptical investors into our market, hence the ‘foreign’ window (who may not be happy with 15% either)

Proud Kikuyu Woman: D&B did their job

LinkWithin

Related Posts with Thumbnails