Faida Stocks have done some investment analysis for this IPO. One thing to note, if you compare the Profit Before Tax on this research note with that on Kenya Re's website, you will notice that 2005 seems to be different. Don't yet know how and why.
Prospectus now available
Isn't there some requirement that an IPO prospectus has to be released some time before the application period? Barring last-minute legal hitches, application process is due to kick-off tomorrow!
For individuals and corporate investors: Wait until next week and if you a have decent broker, you'll be able to avoid committing funds only to get a 30-40% of your applied-for-shares. For those tired of the whole refund and application process, plenty of counters are looking attractive at the moment especially with this being the results announcement period.
2 comments:
Maina,
I too have wondered why the prospectus comes out after the application opens.
Kimunya was on TV last night defending K-Re against the suit filed against it. I am yet to look at the prospectus but he said it addresses the issues raised in the lawsuit.
The prospectus issue is one for CMA-so maybe resolved before you and I have our grandcildren.
The suit is mentioned and dismissed in passing.
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