Comments on Bankelele: Smart investing the Safaricom IPO

You should anticipate an enormous oversubscription...

2008-03-20T14:44:00.000+03:00

You should anticipate an enormous oversubscription; people in remote areas need not travel to major towns to subscribe, PesaPoint is touted to be working on offering the service through their 100+ ATMs!

good advice there. I pity safcom employees, thay'l...

2008-03-18T11:00:00.000+03:00

good advice there. I pity safcom employees, thay'll become an endangered species!

SAFARICOM IPO AND FEFUND PROBLEMSSafaricom IPO sho...

2008-03-17T18:28:00.000+03:00

SAFARICOM IPO AND FEFUND PROBLEMS

Safaricom IPO should provide an option for payment AFTER allocation if someone provides a bank guarantee.

This will cut down refund processing costs and minimize potential impact on the Financial market (e.g. liquidity crunch in banking sector and wild currency swings).

Central Bank of Kenya should be at the forefront lobbying for this

Guys3M CDS accounts is 3 times what is already ope...

2008-03-17T16:19:00.000+03:00

Guys

3M CDS accounts is 3 times what is already open!

Given that Stanbic UG was 70% purchased by Kenyans, I would not expect too muc action from our ndugus across the broders.

As for Kenyans, to go from 1M to 3M CDS accounts, you need to open 2M accounts in 28 days from date of announcement to closure (Sat and Sun not included). That now coems to 71,000+ accounts a day,

Maishinski: No contest with BD Africa. I have no b...

2008-03-17T10:06:00.000+03:00

Maishinski: No contest with BD Africa. I have no budget or access to the advisers.

dropmyload: I agree with Mashatall that 3m is possible. don't forget that prettuy much all bank branches and SACCO's will also hawk the IPO to their clients

Mashatall: we should exclude Tz since they don't reciprocate in IPO allocations, unlike Uganda who opened up Stanbic to Kenyans

Dropmyload,We also have east african investors bei...

2008-03-17T09:33:00.000+03:00

Dropmyload,
We also have east african investors being treated as locals, so the 2M investors might actually shoot to 3M if ndugu zetu's across the border's develope appetite for the IPO.Also with good media hype and Agwambo's sleek marketing strategy of appealing to foreign investors, wall street will come calling heavily as they try to boost earnings after the subprime mess. Now if only the

Everyone is talking about 2 to 3M investors, yet t...

2008-03-17T07:57:00.000+03:00

Everyone is talking about 2 to 3M investors, yet there are only 1M cds accounts open as at now. So, to open say 1M more in 1 month, they need to open 50,000 a day assuming 20 days a month.

Not realwaqxiwistic!

Who will be the first blogger to leak the Sacom Pr...

2008-03-16T16:12:00.000+03:00

Who will be the first blogger to leak the Sacom Prospectus?

No better way to reclaim the blogger rep as Number 1 source of info for investors (currently BDAfrica has the T-shirt).

Banks you up to the challenge?

I love this blog but this pull down ad makes wanna...

2008-03-15T18:58:00.000+03:00

I love this blog but this pull down ad makes wanna move away, fast.

dtnaMashatall: will wait & see the allocation and ...

2008-03-15T11:30:00.000+03:00

dtnaMashatall: will wait & see the allocation and prospectus details. I don't think I'd qulaify as for preferential treatment with my broker.
Loans for sure will be out as they are considerd 'safe' for banks

Tengeza: the supply of shares in unprecedented - 10 billion! One weakness of MJ has been his lack of sucsession, and having a 'political' board - but it's something Safcom will

Interestingly I watched Citizen TV business last n...

2008-03-15T11:00:00.000+03:00

Interestingly I watched Citizen TV business last night and the Head of Research at Faida Securities (I'm not so sure) was explaining how Safcom will be like 60% of the NSE shares so it might not perform so well in terms of trading. I also know that India's mother of all IPOs (Reliance Power) opened lower (shock on wananchi who'd taken loans! But I'll still invest in Safcom, still mega profitable

any word out on when the prospectus will be out?th...

2008-03-15T08:35:00.000+03:00

any word out on when the prospectus will be out?

the employee route (marriage or otherwise)supposes that the employee in question will be willing to part with their allocation.

Very good post especially since it combines solid ...

2008-03-15T06:00:00.000+03:00

Very good post especially since it combines solid advice and humour. Wish all posts were like this.
I have def learnt alot.
Be blessed.
Hope the 'haters' woun't start mudslinging the NSE again.

Marry an employee for a good allocation? This is a...

2008-03-15T05:44:00.000+03:00

Marry an employee for a good allocation? This is a good idea. Kenyan have succesfully used this avenue to get "makaratasis" and associated benefits in western countries.

Banks, will take your advise and marry an employee...

2008-03-14T20:38:00.000+03:00

Banks, will take your advise and marry an employee..oh wait, I'm married already! Oh well.

Does anyone have any data on Safaricom? revenue, subscription rates, operating costs, income,growth rates, market share...really anything one could use to do a valuation? Personal request.

Have they set the date it'll start trading??

2008-03-14T19:10:00.000+03:00

Have they set the date it'll start trading??

I have been waiting for this IPO for a long time. ...

2008-03-14T18:13:00.000+03:00

I have been waiting for this IPO for a long time. Though right now I am not sure if I will go for it. All I can tell is that the price will definitely go up after the IPO. The low price is meant to spur over subscription and interest in the shares.

All I now is that it is not worth keeping for the long term especially if Michael Joseph has to leave. All you need to bring a multi billion

You can also talk to fund managers who get prefere...

2008-03-14T16:51:00.000+03:00

You can also talk to fund managers who get preferential treatment as qualified institutional investor's, and stand a chance of getting a full allocation. Maybe buy into a unit trust or find out if they have a collective pool for safcom IPO only.Loans will of course be taken since kenyans do not really have a strong saving culture, and i doubt that a lot of us are seating on ready cash that can