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Home Afrika Listing at NSE!
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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kryptonite wrote:mwekez@ji wrote:Counter with shareholders fund of less than KES 0.4B is being sold for over KES 10B. Someone make me understand what the buyers are thinking ... ama this is another case of counter being manipulated inorder to make a kill from wanjiku who have very little info on their hands Your answer is right there in your question. Wanjiku is being baited in order to stampede into the slaughterhouse This is totally wrong...it shouldnt be allowed at all. possunt quia posse videntur
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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maka wrote:kryptonite wrote:mwekez@ji wrote:Counter with shareholders fund of less than KES 0.4B is being sold for over KES 10B. Someone make me understand what the buyers are thinking ... ama this is another case of counter being manipulated inorder to make a kill from wanjiku who have very little info on their hands Your answer is right there in your question. Wanjiku is being baited in order to stampede into the slaughterhouse This is totally wrong...it shouldnt be allowed at all. Very wrong ... and notice that none of the existing shareholders has undertaken a lock-in period
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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5 years since the company was established and it still has negative revenue reserve. Losses made over the period outweigh the profits 
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Rank: Member Joined: 4/20/2008 Posts: 437
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mwekez@ji wrote:And why dint they just list this in the Main Investment Market Segment if the counter has these purported value¿ Is it a strategy to list by keeping as much info as possible from people¿ There used to be a requirement for a company seeking to list (Main) to have been profitable in the preceding 3 (?) years - if this is still the law it could be the reason. Sitting it out as well.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Just a rip off...remember Paka listed at 9.50....IPO was oversubscribed...
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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SIB Today wrote: Real estate firm Home Afrika Limited (Home Afrika), commenced trading on the Growth Enterprise Market segment of the stock market yesterday, introduced at a price of KES 12. ... The firm has not stated whether it has adequate funding for its planned projects and could need to borrow or raise funds through a rights issue. ... The counter climbed 108% during yesterday’s trading to close at KES 25 indicating a P/B of 26x, PE of 60x- which seems an extremely generous valuation for an investment holding company, in our view.
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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the deal wrote:Just a rip off...remember Paka listed at 9.50....IPO was oversubscribed... At least paka went upto 28bob before droping. This one will start to drop immediately Thieves
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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King G wrote:the deal wrote:Just a rip off...remember Paka listed at 9.50....IPO was oversubscribed... At least paka went upto 28bob before droping. This one will start to drop immediately Back then during the madness of 2005 - 2007 wanjikus only knew about bull markets. Then mpesa bank came and taught them about the bull called a bear. Then GFC made sure that the lesson was a crash course. Now wanjikus are more experienced yaani wamekula chumvi ya soko. You can tell by the number of IPOs post GFC that have been undersubscribed to date that listing by intro is now the favoured mode to bring in new counters.
#WanjikusEnlightened 
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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hisah wrote:King G wrote:the deal wrote:Just a rip off...remember Paka listed at 9.50....IPO was oversubscribed... At least paka went upto 28bob before droping. This one will start to drop immediately Back then during the madness of 2005 - 2007 wanjikus only knew about bull markets. Then mpesa bank came and taught them about the bull called a bear. Then GFC made sure that the lesson was a crash course. Now wanjikus are more experienced yaani wamekula chumvi ya soko. You can tell by the number of IPOs post GFC that have been undersubscribed to date that listing by intro is now the favoured mode to bring in new counters.
#WanjikusEnlightened
Actually a huge no. vowed never to touch stocks again... possunt quia posse videntur
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Rank: Member Joined: 4/20/2008 Posts: 437
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Quote:Lock-In Period for Existing Shareholders
None of the existing shareholders beneficially owns a 3% interest in the voting power of the Issuer and have
therefore not undertaken a lock-in period. That's from the IM......
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Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya
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kiriita wrote:Quote:Lock-In Period for Existing Shareholders
None of the existing shareholders beneficially owns a 3% interest in the voting power of the Issuer and have
therefore not undertaken a lock-in period. That's from the IM...... who were the transaction advisers..pure genius I may be wrong..but then I could be right
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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CMA/NSE should have removed the 10% rule on this illiquid counter for a period of atleast a fortnight to allow quick price discovery *thinking out loud*
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:CMA/NSE should have removed the 10% rule on this illiquid counter for a period of atleast a fortnight to allow quick price discovery *thinking out loud* ... counter is down 10% today. … 10% rule is obstructing the much deserved fall!!!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:mwekez@ji wrote:CMA/NSE should have removed the 10% rule on this illiquid counter for a period of atleast a fortnight to allow quick price discovery *thinking out loud* ... counter is down 10% today. … 10% rule is obstructing the much deserved fall!!! Let the guys who bought at 25bob watch their money burn slowly!! Mark 12:29
Deuteronomy 4:16
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Rank: Hello Joined: 7/17/2013 Posts: 1
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Why all the bile. I'd rather buy into Home Afrika rather in projects like Tatu that have never taken off. These chaps are currently involved in three projects valued at over KSh10 billion and is focusing on undertaking about 10 projects as part of its five-year strategic plan. Home Afrika is now worth well over US$100 million. Migaa alone is estimated to worth over Ksh20 million, I think their fundamental are great. What I reaaly need to know is how the company will fund its ambitious growth plan. They company is seeking to achieve a strategic objective of attaining a project turnover of US$ 1.0 billion within the next five years. That's quite a task.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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African Wino wrote: ...Home Afrika is now worth well over US$100 million. ... Give us your working for your valuation above ... and i take this opportunity to be the 1st to welcome you to wazua, karibu sana.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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African Wino wrote:Why all the bile. I'd rather buy into Home Afrika rather in projects like Tatu that have never taken off. These chaps are currently involved in three projects valued at over KSh10 billion and is focusing on undertaking about 10 projects as part of its five-year strategic plan. Home Afrika is now worth well over US$100 million. Migaa alone is estimated to worth over Ksh20 million, I think their fundamental are great. What I reaaly need to know is how the company will fund its ambitious growth plan. They company is seeking to achieve a strategic objective of attaining a project turnover of US$ 1.0 billion within the next five years. That's quite a task. Your first post and you are fighting Tatu and selling HomeAfrika.You could be affiliated to HomeAfrika.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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mwekez@ji wrote:African Wino wrote: ...Home Afrika is now worth well over US$100 million. ... Give us your working for your valuation above ... and notice that even Home Afrika has valued itself at a lower level of US$57M (listing price KES12) which is still way above its Net Book Value of US$4M (KES 0.90 per share)
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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mwekez@ji wrote:mwekez@ji wrote:African Wino wrote: ...Home Afrika is now worth well over US$100 million. ... Give us your working for your valuation above ... and notice that even Home Afrika has valued itself at a lower level of US$57M (listing price KES12) which is still way above its Net Book Value of US$4M (KES 0.90 per share) Let @african wino buy into Home Afrika and we compare notes 3 years down the line. Thieves
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Rank: Member Joined: 8/16/2012 Posts: 660
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 Eyeing real estate billions
Come.one. Come.all.  Live and learn; and don’t forget, nothing ventured, nothing gained.
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