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Pesa Nane
#1 Posted : Sunday, July 14, 2013 10:18:51 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Hit or Heist?

Deal or No Deal? (the offer is YET to close, timetable has been amended.)

[url=http://www.acp-africa.com/images/stories/press/mpl%20bond%20-%20information%20memorandum%202.pdf]Link: Information Memorandum[/url]

[url=http://www.acp-africa.com/images/stories/press/Application_Form_for_Notes_-_MPL.pdf]Link: Application Form[/url]

[url=http://www.acp-africa.com/]Link: ACP Website[/url]

[url=http://www.mvulihouse.com/hotel-overview.html]Link: Mvuli House Website[/url]

Pesa Nane plans to be shilingi when he grows up.
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mkonomtupu
#2 Posted : Monday, July 15, 2013 9:36:51 AM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
Looks like a hit, if the current property prices hold and economic expansion continues at pace. The management looks capable of delivering but it's intended for high end investors not the retailers with issue in denomination of 1 million.

Where did you get this because it's a restricted issue plus it's already closed? Do you have any more like this one but for retail guys around 500,000/=
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Pesa Nane
#3 Posted : Monday, July 15, 2013 10:24:05 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
mkonomtupu wrote:
Looks like a hit, if the current property prices hold and economic expansion continues at pace. The management looks capable of delivering but it's intended for high end investors not the retailers with issue in denomination of 1 million.

Where did you get this because it's a restricted issue plus it's already closed? Do you have any more like this one but for retail guys around 500,000/=

1. There are multiple threads of persons looking for investment options.
2. The offer is not closed. The timetable was amended.
3. There are many more like this but information is not public. I received this in may but could not share because of the conditions attached, but now I can share as the information is readily available in there website (intended or otherwise).
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#4 Posted : Monday, July 15, 2013 10:27:46 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane wrote:
Hit or Heist?

Deal or No Deal? (the offer is YET to close, timetable has been amended.)

[url=http://www.acp-africa.com/images/stories/press/mpl%20bond%20-%20information%20memorandum%202.pdf]Link: Information Memorandum[/url]

[url=http://www.acp-africa.com/images/stories/press/Application_Form_for_Notes_-_MPL.pdf]Link: Application Form[/url]

[url=http://www.acp-africa.com/]Link: ACP Website[/url]

[url=http://www.mvulihouse.com/hotel-overview.html]Link: Mvuli House Website[/url]


cc @mwekez@ji, @YCSUN, @Hisah, @SPT, etc
Pesa Nane plans to be shilingi when he grows up.
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a4architect.com
#5 Posted : Monday, July 15, 2013 11:50:38 AM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
Very impressive. Hotels have good returns. Way to go. Am willing to team up with persons with the accounting/financial knowledge to come up with such.My wish is to transform this

http://a4architect.com/d...topic/joint-investment/

into such a semi REIT or full REIT in future.
As Iron Sharpens Iron, So one Man Sharpens Another.
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WWW BLOG
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Mukiri
#6 Posted : Monday, July 15, 2013 8:08:55 PM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
Pesa Nane wrote:
mkonomtupu wrote:
Looks like a hit, if the current property prices hold and economic expansion continues at pace. The management looks capable of delivering but it's intended for high end investors not the retailers with issue in denomination of 1 million.

Where did you get this because it's a restricted issue plus it's already closed? Do you have any more like this one but for retail guys around 500,000/=

1. There are multiple threads of persons looking for investment options.
2. The offer is not closed. The timetable was amended.
3. There are many more like this but information is not public. I received this in may but could not share because of the conditions attached, but now I can share as the information is readily available in there website (intended or otherwise).

Please walk me through this.. how does it work? Tried looking for an email to request simplified overview, but couldn't get

Proverbs 19:21
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maka
#7 Posted : Monday, July 15, 2013 9:07:38 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Pesa Nane wrote:
Hit or Heist?

Deal or No Deal? (the offer is YET to close, timetable has been amended.)

[url=http://www.acp-africa.com/images/stories/press/mpl%20bond%20-%20information%20memorandum%202.pdf]Link: Information Memorandum[/url]

[url=http://www.acp-africa.com/images/stories/press/Application_Form_for_Notes_-_MPL.pdf]Link: Application Form[/url]

[url=http://www.acp-africa.com/]Link: ACP Website[/url]

[url=http://www.mvulihouse.com/hotel-overview.html]Link: Mvuli House Website[/url]



I have a few issues with the servicing of the debt it will pegged on the cashflows from the only hotel /property they have...the hotel itself has an occupany of below 75% at the moment...ummmh whereas a sovereign issuer does not de facto have to pledge any specific security when it borrows in the capital markets relying on the full faith and credit of the sovereign,this guys have to give a suitable security to support their borrowing bana....their equity sweetener isnt the best...thats my take...
possunt quia posse videntur
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the deal
#8 Posted : Monday, July 15, 2013 9:33:13 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
No Dealsmile
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Pesa Nane
#9 Posted : Tuesday, July 16, 2013 1:26:31 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Mukiri wrote:

Please walk me through this.. how does it work? Tried looking for an email to request simplified overview, but couldn't get


Offer: Ksh. 80,000,000.00
Notes: Ksh. 1,000,000.00
Term: 10 Years

Salient features:
Amortized 10% of principal every 364 days
Fixed Coupon Interest rate at 15%
Interest payment half yearly (twice a year)
Convertible to Mavuni Investment Ltd. Shares
Tradeable
Maintain sinking fund equivalent to 10% of outstanding principal
Interest senior to dividends
Notes trustee: KCB

These are selling points. Wazuans feel free to enlighten us on the flip side.

See the power point presentation on wazua googlegroups
Pesa Nane plans to be shilingi when he grows up.
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