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suntra made loss
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chi20
#1 Posted : Thursday, August 27, 2009 10:54:00 AM
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Joined: 10/24/2008
Posts: 223
suntra investment bank has reported 47m pbt for the hf results.

mwana wa kahii. . .
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chi20
#2 Posted : Thursday, August 27, 2009 11:02:00 AM
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Joined: 10/24/2008
Posts: 223
well,a loss of 47million before tax,not profit.

mwana wa kahii. . .
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Impunity
#3 Posted : Thursday, August 27, 2009 11:04:00 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Thank God I left in good time.

The Hague...or Local Triburnal ama TJRC.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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jaheim
#4 Posted : Thursday, August 27, 2009 11:08:00 AM
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Joined: 10/11/2008
Posts: 134
Anyone with an update of what happened to that brookerage firm that went bankrupt with pensioneers money are they still forming those commisions of inquiry blah blah?

Jay
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Mpenzi
#5 Posted : Thursday, August 27, 2009 11:57:00 AM
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Joined: 10/17/2008
Posts: 1,234
who else has reported? just seen on twitter that 4 have reported today but no details
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Mpenzi
#6 Posted : Thursday, August 27, 2009 12:01:00 PM
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Joined: 10/17/2008
Posts: 1,234
@Impunity
It is too early to celebrate your bailing out - most of them are likely to report losses going by their strong opposition to the reporting rules and deadline of 31st Aug.
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chi20
#7 Posted : Friday, August 28, 2009 6:44:00 AM
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Joined: 10/24/2008
Posts: 223
from where i sit,all the brokerage firms,investment banks and a handful of funds managers have made losses for their six months reporting. the bigger the firm the higher the losses. this doesnt look glimmer for their fy reporting.

btw,what would be the scenario were all these firms to go under.



mwana wa kahii. . . .
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Liv
#8 Posted : Friday, August 28, 2009 6:55:00 AM
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Joined: 11/14/2006
Posts: 1,311
Someone should explain why the balance sheet has not balanced as at 30th June 2009.

Total Equity & Liabilities = Kes 558,560,491

Total Assets = Kes 555,623,356.

Source: Daily nation 28th August 2009 page 19.
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jaheim
#9 Posted : Friday, August 28, 2009 7:13:00 AM
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Joined: 10/11/2008
Posts: 134
@liv
Be carefull bude it could be a 'computer error' the one that uhuru the finance minister told kenyans a few months back

Jay
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sheep
#10 Posted : Friday, August 28, 2009 9:00:00 AM
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Joined: 7/24/2008
Posts: 781
This is why the markets are falling....lets wait for the father of em all...D&B
The utimate goal of investing is to buy low sell high;if we re-write this core equation in psychology terms it becomes buy fear sell greed.
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Douvante
#11 Posted : Friday, August 28, 2009 11:03:00 AM
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Joined: 5/14/2008
Posts: 55
The financial statements do not give a true and fairview of the state of affairs as at 30th June 2009.The balance sheet does not balance,something is not right somewhere,i hope the auditors will pick it.

Everything happens for a reason.
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Cicero
#12 Posted : Friday, August 28, 2009 12:10:00 PM
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Joined: 7/7/2009
Posts: 111
Suntra was one of the largest brokers around thetime of KENGEN IPO but somewhere after that they lost the plot as they didnt knowhow to take care of the large crowd. I ran and so did many investors,in search of more efficient brokers. And i believe that's where the rain started beating them.

Most Kenyan businesses have poor customer service and SUNTRA is real Kenyan!




We are all investors: making money,making trouble or making excuses!
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it...
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Agra
#13 Posted : Friday, August 28, 2009 6:09:00 PM
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Joined: 4/22/2007
Posts: 96
Location: Agra, India
All investment banks made losses the most worrying thing is the amount of loss incurred by these firms.for instance 47m is huge considering the capitalisation of the firm also note the amount earned from commissions the main of income a mere 12m for the period is worrying the sama as Genghis capital the new entrant which also made a loss of 5.5m...from here i dont know where we are heading.

NAMASTE !Don't be unrealistic with your expectations
It's easy for investors to get emotional and prejudiced when trading, but computers don't
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