So the government has pulled a fast one on us and decided to pause the kengen secondary offer, citing the non-reflectiveness of the current price on the real share value, and resulting in a maximum share appreciation over today’s trading to Kshs. 25.50. Demand was crazy against almost zero supply. If the government was looking to placing a higher price on the additional 400 mn. shares, it most definitely will get that, with the price looking like it will shoot up to settle above the Kshs. 30s level.
Access looks to be slowly picking with the trickle of clients increasing gradually with each day at brokerage houses. Of Course no queues have been seen as yet, and none my be seen as this offer may not pull large crowds with the high cut-off and many questions in investors heads regarding the future prospects and the possible risks.
Now only a date and a price separate us from one of the largest IPO in
I guess Kenyans have quite some chewing to do, but that will do well to keep them off the political arena after Mag gen Hussein Ali took a stand to rid us off all the fun and intrigues characteristic of an election year.