Rating KPC's IPO: Is the Sh9 Share price a good deal for you?

Description

After an 11-year listing drought on the Nairobi Securities Exchange, the Kenya Pipeline Company (KPC) is finally breaking the ice. Its initial public offering (IPO) is here, but with a Sh9-per-share entry point, is it cheap, or just affordable? How do you discern a good deal from the "froth" in the market? In this special episode of Make Money, Wesley Manambo, Senior Research Analyst at Standard Investment Bank (SIB), breaks down the fundamentals of the KPC deal to help you separate the wheat from the chaff.