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FlameTree introduction instead of ipo
Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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News just in: Flame Tree Group to list by introduction. ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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ProverB wrote:News just in: Flame Tree Group to list by introduction. Thats the in mode of fleecing customers nowadays.... introduction The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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Aguytrying wrote:ProverB wrote:News just in: Flame Tree Group to list by introduction. Thats the in mode of fleecing customers nowadays.... introduction Works to provide owners opportunity to exit as would be new shareholders scramble for for shares. ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Member Joined: 2/21/2009 Posts: 573
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Rank: Member Joined: 11/1/2013 Posts: 257
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mnjoro wrote:who are these guys Roto tank,Zoe brands No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Probably also a cheaper way to the NSE. Not all medium sized enterprises want to spend millions... Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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ProverB wrote:News just in: Flame Tree Group to list by introduction. grapevine? The opposite of courage is not cowardice, it's conformity.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Its essentially manufaturing, challenges to include high power costs, competition, prices of raw materials especially when the fuel component is factored. And not to mention the dollar. Opportunities include high growth construction sector, fast growing economy especially with oil discovery and the ever present promise of cheap power. I will only recomend this if their performance for last 3 consecutive years show strong performance and also if their borrowing is reasonable. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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I'll be watching this from a far for at least 2 years before I can consider jumping in.
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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To list under GEMS on November 6th ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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whiteowl wrote:I'll be watching this from a far for at least 2 years before I can consider jumping in. Have you seen the IM? The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
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jerry wrote:whiteowl wrote:I'll be watching this from a far for at least 2 years before I can consider jumping in. Have you seen the IM? Has anyone actually?? ProverB seems to have more info though...were you @ the Stanley perhaps? Kindly do tell/ share...esp. that their private placement was over-subscribed, hmm.. I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Rank: Administration Joined: 11/19/2009 Posts: 679
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Rank: Member Joined: 3/15/2009 Posts: 360
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Business Daily wrote:Flame Tree Group will list on the Growth and Enterprises Market Segment (GEMS) next week, adding Sh1.52 billion valuation to the NSE. The firm will list 190 million shares at a price of Sh8 each on November 6 after it received regulatory approval. “We had an oversubscribed placing which closed raising Sh194 million, that translates to an issue of 24.3 million shares mostly subscribed by local institutional and individual investors,” said Burbidge Capital founder and CEO Edward Burbidge. The company has been recording an annual turnover of between Sh1.6 billion and Sh2 billion from its operations in Eastern Africa, with a workforce of 1,000 employees. http://www.businessdailyafrica....22/-/o7yji7/-/index.html Is valuation less than turnover? It appears they have very low margins then.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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@shocks, low margins may be the reason for this or probably declining turnover. Like you can see at one point turnover was 2b but had moved to 1.6b.If they give us a PE of 10(expensive if you ask me), the EPS should be around 0.8, implying net profits of 152M. The net margin will be 9.5 %, not so bad. Verdict: buy only if net profis are above 152M and compared to other years the have been on an upward trend. Interesting though is why they desperately needed a private placement just before listing to raise working capital to buy raw materials. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Plastic industry is dogged by huge raw material costs, tiny margins and extended credit. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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KulaRaha wrote:Plastic industry is dogged by huge raw material costs, tiny margins and extended credit. Hmmn, could explain absence of Information Memorandum, private listing, continual reference to growth in profits with no net-profit figures etc.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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muganda wrote:KulaRaha wrote:Plastic industry is dogged by huge raw material costs, tiny margins and extended credit. Hmmn, could explain absence of Information Memorandum, private listing, continual reference to growth in profits with no net-profit figures etc. None of that is available? Business opportunities are like buses,there's always another one coming
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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I can see this thing is trading, but can't get the ticker. Only mystocks has the symbol up.  Current VWAP @13.95 means the spike up is 74.34% from listing @8. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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hisah wrote:I can see this thing is trading, but can't get the ticker. Only mystocks has the symbol up. Current VWAP @13.95 means the spike up is 74.34% from listing @8. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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FlameTree introduction instead of ipo
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