From Ksh 25 to 10 and no rebound in Sight?!
Buy, hold or bolt out like Usain?

@all give guru some credit. She knows what she is doing and is courageous enough to share with us. we may not agree with her, but it takes guts to share these tricky trades.
Most only share when they've succeeded...later. mnajijua

Single digit finally prints.
A low of 9.90 touched.

See you at book value! (what was it, again?)

It should bleed on!,to serve as a wake up call to those who in the future would contemplate bringing over valued entities to the NSE trying to swindle wanjiku as they laugh all the way to the bank.

Kenya’s Home Afrika Set to Raise Cash With Two Planned REITs


Home Afrika Ltd., Kenya’s only publicly traded property developer, plans to raise as much as 2 billion shillings ($22.8 million) selling shares in a new real estate investment trust.

The REIT will be based on Migaa, a housing project on 774 acres (313 hectares) in Kiambu county near Nairobi, Home Afrika director Mbugua Kamau told reporters in the Kenyan capital today. NIC Capital, based in Nairobi, has been chosen as adviser, he said.

“We are also planning a second REIT centered on our low-cost housing program,” Kamau said.

That REIT will be based on a 1,000-acre project dubbed Kikwetu in Machakos county, 40 kilometers (25 miles) south of Nairobi, Kamau said.