From a IPO priced at 70/- a share to one priced at 205/-, that is almost 300% investment growhth. Not many investment schemes can deliver that. And it is a well deserved pat on the backs of all long suffering sons and daughters of the soil.
I bought 20,00 shares, on the 2nd last day of the offer.......and boy am I smiling, wish I hads bought more, just did not think I would be allocated a bigger share.
Its great that a public holiday has dampened a bit of the euphoria, because the hard work of maintaining ones new found wealth, and more so keeping it growing, has begun. The stock market can be a ruthless place for the unweary, but with knowledge and research one can make a tidy profit.
International fund managers and other institutional investors who missed out on large block of shares will be buying up on the secondary market and this may drive up the price further, tthen it will decline to a lower level and stabilise.
Stanbic traded 4 billion shillings worth of shares on day one and now has a market capitalisation of $585 million!! This is second only to KQ and EABL on the USE. One must realise that Ugshs 203 for this share is peanuts for the kenyan investor, so expect greater demand and even higher prices when the USE merges with the nairobi Stock Exchange.
In other words: HOLD ON TO YOUR STANBIC SHARES!
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