Are you going to get a piece of this:
Good luck if you are, I know that I will try to. I’m just a bit hesitant though when 30% of the Seef Mall (or is it Seef Properties in full) is actually owned by limited income families, bestowed upon them by his majesty the king to help elevate their financial capability a bit, and the last time they went to collect dividends they got pittance, but I guess the investment is in the actual shares rather than what they bring in every year. At least they will be able to trade their shares (I think) if they wish once the shares go up on the stock exchange.
What do you think the shares will be worth in 6 months time? A year? 5? Are you going to buy?
Comments
I would be a bit hesitent to buy into this IPO.
City Centre is coming on board in about a years time, and will definately be giving Seef Mall a very good run for its money.
It really looks like the owners are trying to sell high before the new competition comes in.
Which is ironic, as the government is thought to have built this mall simply to spite the much more classy and beautiful A’ali Mall next door!
I looked into this IPO, but it seems as a foreigner I have to buy a minimum of 51,000 shares, which comes to around 6000+ BD. I would have been prepared to go to 3 or 4K, but 6K is a bit steep for me.
As for the A’ali mall, it is very nice, but i don’t think I have ever seen more than 5 people in it at a time, how do the shops survive?
-JB
In my opinion I would think that City Centre might not have a huge effect on the share itself knowing that the Seef Mall will STILL be one of the largest malls in the kingdom. Seef Properties also owns the mall in Isa Town, which is not comparable to Seef Mall, but is still a running project that the statistics say get around 10k visitors a week.
If you’re Bahraini, its worth getting in, use the incentives they offer. Cheaper share prices and the financing part of the deal. 50% upfront and 50% the same time next year.
My only concern on this IPO is that if the turn up to buy shares are high will mean less shares for each Bahraini. If they really wanted to redistribute wealth they would have blocked institutional offerings and made the offer 100% Retail so that the small investor can benefit and avoid the monsters eating them.
Professional feedback will be highly appreciated, if available.
When buying stocks, you have to look at the growth potential of the company. The mall has reached its max, i dnt think there are anymore expantion, other then maybe a hotel. Its not a growing company, its just a mall. I say its at max value right now. so SEEF IPO, not a good idea unless someone can tell me what their long term plan is.
http://www.silverbahrain.blogspot.com
You don’t need to hesitate much Mahmood as you might run of time and you will find no shares to buy. I expect the issue of shares to be oversubscribed. Besides, presently all you need to have is less than BD 3000 to buy the maximum amount of shares allocated for a single individual. Also, I don’t think the City Centre project is going to negatively affect the Seef business. It is on the contrary, it will add to it. A successful business always makes the neighbourhood more successful. Al Aali Mall was a complete failure until the Seef Mall became existent. Remember that the price offered for individuals is discounted by around 12%. I expect that you would double your investment within a year.
I don’t have this money right now, so if you are still hesitant, how about lending me some and I would invest it and return it to you with profit a year from now 😉
I think we’re in the same boat mate.. unless that promised windfall comes my way (not through a lottery ticket bought in the State of Muharraq I might add) then I’ll buy enough shares for both of us! :angel:
Guys,
I don’t want to sound too negatively, but I was wondering what the returns of the last few IPO’s for Bahraini companies have been.
I know that Nass was promoted in a great deal of publicity also. It’s issue was at BD0.600 and it is trading at around BD0.250.
Can anyone else shed some light on the success of recent IPO’s in Bahrain?
BEWARE of this IPO tactic of selling you 100% more than you can afford. Yes you can pay %50 now and the remaining 1 year later but that only means that you are locked to the company and you can’t sell anything untill the full amount is paid. What if it did not turned out to be as good as it looks? I have relatives who lost 50% of their capital because of IPOs. Be extremely cautious. Don’t put money you can’t afford to loose. It’s a risky biz especially in the persian gulf.
on the other hand, if you can pay the full amount and can sell your shares quickly as soon as you notice the first warning signs then your risk is far less. This is why the institutional purchase is much more better than the retail offering of this IPO.
I have a bad feeling about this (I had the same feeling with Dana Gas stocks in Abu Dhabi and see how that turned out).
I am going only 1100BD cash and selling at 20+% profit or as soon as the warning signs show up in BSE. Good luck to us (small investors) 🙂
سيتم تغطية اللإكتتاب ومنقبل بعض كبار المستثمرينالمØÂليينوالمستثمرينالخليجييÙâ€
عليك ÙÂيالبداية النظر الى مدى ربØÂية الشركة والأهم منذلك، قدرة الشركة على تطوير إنتاجيتها ومضاعÙÂØ© أرباØÂها على مدى السنينالقادمة
ضع ÙÂيالØÂسبانأنالسهم سيتÙÂاعل مع الأخبار المستقبلية للسهم
السهم ÙˆØÂسب معلوماتيالأولية يعتمد على إيجارات المشاريع التيتنتدرج تØÂت عقارات السي٠وهذا يعنيبأنالأرباؠالمØÂققة ستكونناتجة منأرباؠالتأجير
هنا علينا أننعر٠ما هيمصادر ربؠالشركة، هل هيأرباؠتشغيلية (الإيجارات) أو أرباؠغير تشغيلية (إستثمارات ÙÂيبنوك أو مشاريع أخرى أو ودائع ثابتة)
عموما كلتا الأرباؠتمثل عوائد للشركة وبالتالييجب على المكتتب النظر إلى القوائم المالية للشركة ومعرÙÂØ© منأينتصل الأرباؠوما مدى تطور وزيادة الأرباؠعلى مدى (5 سنين) على الأقل أو النظر للخطط المستقبلية الخمسية والعشرية للشركة
بالنسبة لسعر السهم ÙÂهناك ميزة للمواطنينوهيأنشرائه سيكونبمقدار أقل منشراء الأجنبيوهذا يعنيإنعند طرØÂÙ‡ سيتم تداوله أقل شيء بالسعر الذيإشتراه الأجنبيوذلك لأنالأجنبيلنيÙÂكر ببيع السهم بأقل منالسعر الذيإشتراه
بالنسبة للسهم وهل هناك جدوى للإكتتاب Ùˆ للإستثمار ÙÂيه وما هيالمدى الزمنية لللإستثمار ÙÂيه؟
جدوى الإكتتاب والإستثمار Ù„ÙÂترة ÙÂصيرة: هذا يعتمد بصراØÂØ© على الوضع الØÂاليÙÂيبلد تداول السهم،يعني، يعتمد على السوق إذا السوق راكد وغير متØÂرك كسوقنا (البØÂرين) ØÂاليا ÙÂالإكتتاب وبيع بعد ذلك ب 6 شهور لنيكونذو ÙÂائدة لأنمعظم الأسهم ÙÂيالبØÂرينإستثمارية ولا ترتÙÂع إلى أسعار جنونية وتعتمد ÙÂيالأساس على الأرباØÂ
بالإضاÙÂØ© إلى ذلك عليك متابعة هل السوق ككل ÙÂيموجة نازلة أو موجة صاعدة، إنكانÙÂيموجة نازلة ÙÂالإستثمار القصير المدى ØÂاليا غير مجديولكنإنكانت صاعدة ÙÂالإستثمار مجدي.
جدوى الإستثمار: إذا كنت تÙÂكر بجدوى الإستثمار الطويل المدى (5-20 سنة) ÙÂيشركة تØÂصل على إيراداتها منالعقار ÙÂعليك النظر الى سوق العقار ÙÂيالبØÂرينولأنه ÙÂيإرتÙÂاع ÙÂأعلم أنذلك يخدم الإستثمار ÙÂيهذه الأسهم Ù„ÙÂترات طويلة على ما قد تعطيه منأرباؠسنوية أو نص٠سنوية أو ØÂتى قيمة السهم بعد 5-20 سنة
البØÂرينستكونمقبلة على Ø·ÙÂرة لسوق الأسهم وعادة تبدأ Ø·ÙÂرات الأسهم بإكتتابات ضخمة كإكتتاب بنك السلام وإثمار والآنالسيÙÂØŒ ولكنلا أدريهل هذه بداية أو لا ولكننصيØÂتيهيالإكتتاب إذا كانعندك أموال ÙÂÙŠØÂسابك لا تريدها ÙÂيالوقت الØÂاضر وترك أموالك للإستثمار وكأنها وديعة ثابتة تØÂصل إزائها على أرباؠÙÂينهاية كل سنة
لا تستخدم أموال أنت بØÂاجة إليها.
عندك خيارانللربؠØÂاليا منهذا الإكتتاب:
1- الإكتتاب وبيعه ÙÂيأول أيام طرØÂÙ‡ للسوق بأيسعر أعلى منسعر الإكتتاب
2- الإكتتاب وتركه للإستثمار الطويل المدى
للعلم أعنقد بأنالØÂد الأدنى للإكتتاب للمواطنهو 5000 سهم = 510 دينار بØÂرينيÙÂقط وليس 3 أو 5 آلاÙÂ
أرجو أنأكونقد Ø£ÙÂدتك
ÙˆØÂاضر لأيإستÙÂسارات أخرى
There are very nice feedback here, specially from Costa-Guy. I think he has a point regarding the discounted rate that Bahrainis can buy and might atleast sell for 125 fils once it hits the market. Surely it will be oversubscribed but lets hope the worst case scenario is that atleast every citizen gets a good amount of shares that will get him a decent profit when selling them.
Regarding Yousif’s comment about the installment way of the stock. Surely if it rises above the price you bought you can consider a loan from family or friend to be able to cover it and sell the share but in the case the share goes below 111 fils then you might be right on that issue.
Also, this IPO is not only related to Seef Mall. Its a real estate company that owns Seef Mall, Isa Town Mall and the soon to be built hotel in the new extension of the Seef Mall, which means that they would be able to have future projects in the future, I’m talking long term here.
I’m surely going to buy shares with that discount offer.
Nass IPO was a day-light theft! I warned everyone of friends of that IPO!
Millions of shares were issued to the Nass family members and their partners for 100 fils only while ordinary investers had to buy it for 600 fils. Nass family and partners (the gang) got the best of the saudi investers who didn’t know anything about the company and those poor guys paid 600 fils for a single share.
Ofcourse when the company share hit the market, no matter the price was 600 fils or even 200 fils, the Nass Family and partners had like a 100%-600% profit for doing nothing.
Wasn’t that a day-light theft???
20% increase in Bahrain Stock Exchange ?!!! You might be dreaming, the most active shares (Batelco / GFH / Tameer and sometimes BBK ) and thats it … BSE has nothing to do with news,, if some (Hammoor) guy sells some of his shares, the price goes down, if he demand other company the price goes up, totally no connection with companies performance, (supply and demand rule)
He meant 20% increase in a short period of time (maybe several days-weeks-months).. and by the way, there is usually no trading limit for the first day
True. If the (Hammoor) demands some shares (going up), you sell yours. End of story.
Hammoor 🙂
You 🙂
I think a share at 100 fils is worth the risk! How bad can the company do? Unless they are that horrible and mean that they dont want anyone to benefit by not being successful at the beginning of the trading otherwise everyone is in a safe boat in my opinion.
We’ll have to wait till sometime after June to find out. I think Seef IPO is worth it for the low price and added incentives. I’m going for 40k shares. I doubt I’ll get that but probably get the most out of it.
does anyone know what the expected earning/dividends are going to be??
If you post an offering memo / prospectus, and i’d be happy to analyze the security for you (realizing unfortunately that unlike many foreign markets, the middle east’s stock exchanges are influenced more by “irrational exuberance” than the company’s fundamentals).
-Bahraini investment banker abroad.
The main IPO site is at http://seefipo.com
It has all the information everyone requires to make an informed decision (I hope)
There are a number of formulae to arrive at a range of fair price for a given share. Then one just compares that to the offering price and decide which way to go. The range and formulae are too difficult to summarise or spellout in this forum. Volatility of the price is normally the major indicator and it is of two kinds, historic and futuristic. There is no historic data because this is an IPO share, but an indication of the expected (futuristic) volatility can be cleaned as being high – from the above comments. Reliability of any possible such estimates of volatility of this share is inherently low for obvious reasons. In other words, pricing is too involved for this space.
My advice is against indulgin, based on the very poor standards of regulation and regulators, poor standards of accounting applied pre-IPO by the issuer and for many other considerations no to mention, including abundant precedents where the founders ripped off the incoming owners through the mechanism of inflated IPO price and too much misguided and ignorant demand undeterred by possible high cost. Banks welcome IPO’s because they can make riskless profits from ignorant investors. Government/Parliamnet should actually step in to put some controls to check possible abuses of bank financing of IPO’s.
I might agree with the above but why will the government be willing to reduce the share prices for Bahrainis and put all those incentives in place such as the retail offering and institutional offering minimums and maximum if there is no benefit in the foreseen future of the stock? My comment might not be off any fundamental or technical analysis but I think for once the government might be “trying” to offer help for people who can afford it. Although I think there is a story behind the government selling of their part of the company claiming they want to be policy makers instead of sharing in the investment!
I still think its a good stock to get involved in. Real Estate companies in the gulf are usually solid specially with growing economics in the nearby countries.
NASS IPO as mentioned was really a day-light theft!
Salam Bank IPO has increased 17.5% to-date since inception but the problem here was it was oversubscribed 63 times!
Just a few thoughts:
If London, Tokyo and NY are to be considered mature markets and Asia-Pacific the heart of emerging markets, then the Middle East is definitely one or more steps further down the pecking order.
The cornerstone of efficient markets and hence fair valuation of any item to which we attach financial value and then trade is the existence of solid rules and regulations, something our young market is still developing and coping with.
If anyone is really looking to ‘play the market’ as a day trader to make a quick buck, the level of risk, particularly in the markets in this part of the world, is extremely high, as mentioned in previous posts, God knows what level of insider trading and other under-the-table techniques exist, this really is a game for the filthy rich.
For the rest of us, these investments should be undertaken for the long-haul, we could all take a page from Warren Buffet’s book and assume some basic ground rules – one of which is “assume you cannot sell for 100yrs”.
To that end, although it could be argued that the Nass IPO was mispriced, in addition to the above mentioned inconsistencies, we have to consider everything else the company has been through, which will have had an effect (likely negative) on the share price.
One fact remains though, Nass is a big player in this market, and is going to be around a long time, let’s wait and see what’s happened after 10, 20, 30, 50 years.
Similarly, Seef Properties will be around for some time to come, speaking of which, the IPO is NOT for Seef Mall, but for Seef Properties, which I’m sure is involved in a few more real estate / infrastructure projects (like the Isa Town Mall already mentioned). Who knows, they might even get their act together and start looking at the huge traffic/parking problem and get into the car parks business, starting with their very own mall!
In any case, for the short-term, quick buck investor, I think the old adage stands: garbage in = garbage out, unless you have the time to analyze this situation like a hawk yourself rather than rely on the info provided, your best bet is to stay away.
For others, one possible annecdote is the Walmart story – I would find the link for you guys, but it’s all over the ‘net – start by looking as MSN Money, Joe Jubiak’s page if I remember correctly, go for a minimum investment to promote this country, and sit back for 30 yrs – sure we don’t all have the cash kicking around, but those of us who do and are willing to take on a little risk, who knows, you could be paving the way to financial freedom for your kids and their kids.
I agree with Sid’s argument above. Many have tried day trading the middle east’s voaltile equity markets, only to get caught with their pants down. Investing should purely be done for the long haul by employing a buy and hold strategy. Making a quick buck, while always possible, is highly improbably (ala Nass, et. al). I would also be very cautious given the lack of accountability, insufficient barriers and oversight to prevent insider trading and insufficient financial disclosure of regional public companies.
The fact that the government is allowing citizens to buy the shares at a discount, doesn’t mean the shares aren’t overvalued to begin with. Applying a discount to overvalued securities may still result in overvalued securities – the government would just be ripping you off less than the other investors.
Further food for thought – with a property such as seef, you should take into consideration the value of the underlying real-estate (assuming the real-estate is owned and not leased). Factor that into your consideration as the company can always do a sale-leaseback and free up some cash to drive the business, pay out a dividend, etc.
Its all about investor appitite.
Do you know that the Nass share has one of the highest P/E ratios right now?
As for seef… its not a greenfeild project.. its real estate with the tenants there. For a stable return, you can rest assured that the seef share will not be volatile at all. These types of shares (infrastructure, utilities, power, real estate) have a low beta correlation with the market since demand for these services is steady. Unlike IT for example.
On the other hand, the dividend track record for seef isnt that great when the market was red hot.
So are you people recommending we buy into this share if we had the capital and are willing to let it sit for say 2-3 years? I’m thinking of buying my family members shares too. Somewhere on the lines of 5000 shares each for 5 people that I will later convert to my name. I dont mind if the yearly dividend is not that high but my only concern is will, in 3 years time, I be able to make some good cash out of this investment?
best is to wait and see if Bush would not strike yet again in this region
Very interesting comments! Most interesting actually is: “Don’t put money you can’t afford to lose”
This is very basic and must be heeded.
Seef properties has existed for some time. The only successful project they hold is Seef Mall. How much that represents in their portfolio, I do not know.
Basically, bidding for the IPO should represent (some or all):
-Belief that real estate prices will continue their run
-Confidence in the performance of management of this company
-Interest in a “quick” profit (nothing wrong with that.. in fact this is what provides most of the liquidity in an IPO).
-Belief that the management was, is and will continue to be transparent in the information they provide.
The gentleman who posted in Arabic gave some very relevant pointers, and I don’t wish this posting to be some dissertation. Just read each one of the items above, and if you believe in some or all of them you’re all set. Next is deciding how much. Here I refer to Yousif’s comment again. Nothing in this has any relationship with a “sure thing” – Even with the discount.
So never risk more than what is trivial (or at least affordable).
Good luck!
http://www.gulf-daily-news.com/Story.asp?Article=180330&Sn=BUSI&IssueID=30038
http://www.akhbar-alkhaleej.com/Articles.asp?Article=181385&Sn=BUSI
Book Value 147 fils
real value 194 – 248 fils according to SICO
subscription price 125 fils
bahrainis will get it for 110 fils
زوجة تشتريأسهماً بصداقها ÙˆÙÂقراء يلجأونإلى الاقتراض
البØÂرينيونيقبلونعلى شراء أسهم «عقارات السيÙ» ÙÂيالاكتتاب العام
المنامة – عباس سلماÙâ€
ذكر مصرÙÂيونأنالإقبال على أسهم شركة عقارات السي٠كانجيداً ÙÂيأول يوم منالاكتتاب العام بعد طرؠالØÂكومة أسهمها ÙÂيواØÂدة منأكبر شركات البيع بالتجزئة ÙÂيالمملكة، خاصة ÙÂيمدينة المØÂرق والرÙÂاع ومدينة عيسى بعد الØÂملة القوية التيأطلقت للتعري٠بÙÂوائد تملك مثل هذه الأسهم.
وأبلغ مصرÙÂييتابع الاكتتاب وهو الأول مننوعه ÙÂيالبØÂرين«كانالإقبال جيدا على الاكتتاب خاصة منقبل الشباب إذ اصط٠الناس أمام ÙÂرع البنك ÙÂيالمØÂرق ØÂتى قبل أنتÙÂتتؠالمصار٠أبوابها للجمهور وكانت الصورة مشابهة لها ÙÂيالرÙÂاع».
ÙˆÙÂيالÙÂرع الرئيسيلبنك البØÂرينوالكويت ÙÂيالعاصمة (المنامة) وق٠مØÂمد وهو ÙÂيالعقد الخامس ينتظر دوره ÙÂيإنهاء معاملته ووص٠الاكتتاب ÙÂÙŠØÂديث مع «الوسط» بأنه ÙÂرصة جيدة لصغار المستثمرينمنالبØÂرينيين. وأضا٠بلهجة تØÂد يقول: «لماذا نترك الأسهم تقع ÙÂيأيديالكبار الذينيعدونبأصابع اليد؟». أما ÙÂيالجانب الآخر ÙÂقد ذكرت زوجة جديدة وهيÙÂهيمة ØÂسنانها رغبت ÙÂيالمشاركة ÙÂيالاكتتاب ÙÂيأسهم «السيÙ» لثقتها بأنهذه الأسهم هيوسيلة للتوÙÂير الجيد. وأضاÙÂت «قمت بشراء 20 أل٠سهم من(عقارات السيÙÂ) وسددت قيمتها منالصداق الذيØÂصلت عليه قبل ثلاثة أسابيع». كما يعتزم بعض البØÂرينييناللجوء إلى الاقتراض منبعض المصار٠لشراء أسهم الشركة. وقال Ø£ØÂدهم: «بالرغم منالÙÂوائد ÙÂإنيسأقوم بالاقتراض لتملك أسهم ÙÂÙŠ(السيÙÂ)».
ويÙÂعر٠«السيÙ» بأنه Ø£ØÂد Ø£ÙÂخم وأكبر المØÂلات التجارية ÙÂيالبØÂرين، التيتعج ليلا ونهارا بالمواطنينوالزوار وخصوصا مندول الخليج العربية.
Ø£ØÂد وسطاء الأسهم ذكر أنه يعتقد أنالإقبال على أسهم «عقارات السيÙ» سيكونكبيرا بسبب التسهيلات التيقدمتها الØÂكومة إلى البØÂرينيينولأنمجمع السي٠كذلك «شركة ناجØÂØ© ولديها أصول كبيرة ويتوقع أنترتÙÂع أسعار أسهمها بعد اكتمال الاكتتاب». وأضا٠«الوضع الماليللسي٠ممتاز. ÙÂيالسابق باعت الØÂكومة أسهمها ÙÂيإØÂدى الشركات بسعر مرتÙÂع ولكنسعر (السيÙÂ) جد ممتاز».
وكانمسئولونيتابعونطرؠالØÂكومة لأسهم «عقارات السيÙ» عنتوقعهم إقبالا كثيÙÂا منقبل البØÂرينيينمنالطبقة المتوسطة وخصوصا انه الطرؠالأول منقبل الØÂكومة إلى الأÙÂراد بوصÙÂÙ‡ جزءا منبرنامج تخصيص طموؠيتم تنÙÂيذه ÙÂيالمملكة ويهد٠إلى مشاركة القطاع الخاص ÙÂيالتنمية الاقتصادية.
رئيس مجلس الإدارة عبدالرØÂمنÙÂخرو ذكر أنه يعتقد أنالاكتتاب العام لـ «عقارات السيÙ» سيكونناجØÂا وأنالإقبال عليه سيكونممتازا نظرا إلى أنالسعر المطروؠمعقول جدا وأنوزارة المالية قصدت منذلك تشجيع الناس على المشاركة ÙÂيالاكتتاب وهو الأول الذييطرؠللأشخاص منقبل الØÂكومة.
كما أعرب المدير الإداريÙÂيالشركة الاستشارية ريإيغولنغتونعنأمله ÙÂيأنيشهد الاكتتاب إقبالا كبيرا منقبل البØÂرينيينوخصوصا أنقيمة السهم منخÙÂضة بنسبة 12 ÙÂيالمئة عنالأسهم التييمكنأنيكتتب ÙÂيها الأجانب والشركات الاستثمارية وأنقيمة الأسهم تدÙÂع على قسطينخلال عام.
ويأتيطرؠالأسهم ÙÂيآخر سلسلة منالطروØÂات الأولية لأسهم شركات ومصار٠تعمل ÙÂيالبØÂرينوالمنطقة ÙÂيظل ازدهار اقتصاديتعيشه دول الخليج العربية والناتج منصعود أسعار النÙÂØ· إلى مستويات قياسية ÙÂيالأسواق الدولية؛ ما ساهم ÙÂيتغطيات كثيÙÂØ© للأسهم المطروØÂØ©. وطرØÂت الØÂكومة 222.9 مليونسهم تملكها ÙÂي«عقارات السيÙ» للاكتتاب العام ÙÂÙŠ26 أبريل/ نيسانالØÂاليمدة أسبوعينÙÂيخطوة رئيسية تهد٠إلى إشراك البØÂرينيينÙÂيبرامج الØÂكومة لتخصيص ملكيتها ÙÂيالشركات لتØÂÙÂيز الاقتصاد الوطنيوخلق مشاركة ÙÂاعلة. ويستمر الاكتتاب ØÂتى 10 مايو/ أيار المقبل وسيتاؠللمستثمرينمنالأÙÂراد والمؤسسات ولكنالØÂكومة عرضت ØÂواÙÂز للأÙÂراد البØÂرينيينإذ تقل أسعار الأسهم بنسبة 12 ÙÂيالمئة عنالسعر المتاؠللمؤسسات والأجانب وكذلك إمكانتسديد قيمة الأسهم على دÙÂعتينتبلغ الأولى 50 ÙÂيالمئة وتدÙÂع عند شراء الأسهم والثانية وتبلغ 50 ÙÂيالمئة كذلك بعد 12 شهرا منالاكتتاب. ويبلغ الØÂد الأدنى للاكتتاب بالنسبة إلى المواطنينالبØÂرينيينخمسة آلا٠سهم قيمة السهم الواØÂد 110 ÙÂلوس. بينما الØÂد الأعلى للاكتتاب 50 أل٠سهم. أما بالنسبة إلى المؤسسات والمستثمرينالأجانب ÙÂإنسعر السهم يبلغ 125 ÙÂَلسا. وسيتم تسجيل الأسهم ÙÂيسوق البØÂرينللأوراق المالية ÙÂور الانتهاء منعملية الاكتتاب. وتقبل طلبات شراء الأسهم ÙÂيكل منبنك البØÂرينوالكويت وبنك البØÂرينالإسلامي. وتدير شركة عقارات السي٠– التيتبلغ موجوداتها 74 مليوندينار ويعمل ÙÂيها Ù†ØÂÙˆ 1800 موظ٠– معظم مجمعات التسوق ÙÂيالبØÂرينمنضمنها مجمع السي٠ومجمع مدينة عيسى. كما تمتلك الشركة Ù…ØÂالَّ تجارية ومناÙÂØ° للترÙÂيه والتجزئة.
ويعتبر مجمع السي٠التابع إلى الشركة واØÂد منأÙÂضل مجمعات التسوق ÙÂيالمملكة ويستقطب آلا٠الزوار يوميا وخصوصا بالنسبة إلى الزوار القادمينمنالدول العربية المجاورة بسبب أنه يقع خارج العاصمة (المنامة) التيتكتظ بآلا٠السيارات الداخلة والخارجة وخصوصا ÙÂيأوقات الذروة.
Does anyone have any idea on the allotment? It was suppose to be announced yesterday. I did not read anything regarding it on the newspapers online!
Now you mention it, I didn’t notice anything either!
I did a little search on google and came up with this “http://sico-bahrain.com/news/seefresults.html” but it does not show the allotment but just says the subscription values. I dont know what happened yet but am waiting for news.
Salam
I bought 10,000 shares and paid the half price untill now.
How can I know if my order is accepted or not, and what to do right now?
you got all 10,000 shares mabrook 🙂
Thank you.
How could you know that? and what I have to do now?
Today, when I told my uncle that 100% was allotted to the individual investors, he was not happy. He off course has bought shares, but expected the IPO to be oversubscribed. The Retail side of the offering was oversubscribed by 3% only, which was covered by the company, allowing them to give individual investors ALL what they subscribed for. The institutional investors and foreign individuals were allotted about 24% only of their subscriptions.
Now, my uncle was not happy about the full allotment, because he thought there will be no demand on the stock when it gets listed. After all, every body got what they want at the IPO!
He forgot, however, the institutional investors who only got 25% of their subscriptions. I hope that the demand by institutional investors will cause the share to rise in the first weeks of trading, so we can make few bucks out of this (عنخاطرنا)…
Costa-guy,
Just to let you know, when the company went public private placements were sold for 500 fils and 600 fils, they were not sold for 100 fils i can bet my life on that. So get your facts straight before being a smart ass
I thought to thank you guys for the recommendation of buying into Seef shares. I was reading your blog and went ahead and bought the maxim allocation for Retail. Now the share price is 0.179 and I made a bit over 60% in 3 months! I am very tempted to sell. However, I will hold on to my investment a bit longer and see where it goes from here. 😆
0.184 today mabrook
I like the way this stock has gone. I’ve also made quite a bit of money with this but I was wondering does anyone know if they give dividends or cash bonuses? If so, when?
Also, for those in for the long run do you guys think that a selloff will happen in April and share price will be dragged down due to a lot of people selling instead of paying their second loan of the shares?