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FlameTree introduction instead of ipo
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Boris Boyka wrote: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. Jesus!!! it's now on live feed. seems people have discovered how to make cash; briefcase co -make big promises -PR media(media)-List on NSE-collude to triple prices-cash out aachia wanjiku kambuni bandia HAFRK style. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 1/14/2014 Posts: 178
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I don't have my live feed. What are the volumes like with the 75% hike? Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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KulaRaha wrote: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? Did they produce the IM? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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If they denied us the ipo lets wait for it below 8 if it ever will. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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jerry wrote:KulaRaha wrote: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? Did they produce the IM? I was also asking the same? Anyone with a link? 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: Member Joined: 1/14/2014 Posts: 178
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What are the volumes traded today... anyone? Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Please do not tell me Im the only one seeing a Scangroup/ Arm here?? subject to fundamentals being good of course. "Skin in the game" to quote a guru in wazua. as long as its not that skin of Matu in Olympia. At the right price, this is a gem to me. I will be keenly watching the MD and founders actions, towards his stake and major financing decisoins. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 11/1/2013 Posts: 257
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Goldilocks Reloaded wrote:What are the volumes traded today... anyone? 410,100 so far No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Member Joined: 11/1/2013 Posts: 257
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Aguytrying wrote:Please do not tell me Im the only one seeing a Scangroup/ Arm here?? subject to fundamentals being good of course.
"Skin in the game" to quote a guru in wazua. as lone as its not that skin of Matu in Olympia. At the right price, this is a gem to me. I will be keenly watching the MD and founders actions, towards his stake and major financing decisoins. i concur No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Magnate wrote:Aguytrying wrote:Please do not tell me Im the only one seeing a Scangroup/ Arm here?? subject to fundamentals being good of course.
"Skin in the game" to quote a guru in wazua. as lone as its not that skin of Matu in Olympia. At the right price, this is a gem to me. I will be keenly watching the MD and founders actions, towards his stake and major financing decisoins. i concur now we need that IM The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: New-farer Joined: 3/29/2012 Posts: 12
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mlennyma wrote:If they denied us the ipo lets wait for it below 8 if it ever will. i will wait also! it sure is to come down. i am wondering how popular/strong the brand is to attract much activity 
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Aguytrying wrote:Magnate wrote:Aguytrying wrote:Please do not tell me Im the only one seeing a Scangroup/ Arm here?? subject to fundamentals being good of course.
"Skin in the game" to quote a guru in wazua. as lone as its not that skin of Matu in Olympia. At the right price, this is a gem to me. I will be keenly watching the MD and founders actions, towards his stake and major financing decisoins. i concur now we need that IM Check out at wazuagooglegroup
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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I dont like this MD/CEO. The company buys a property in Rwanda in 2012 at RWF 65,000,000 then in June 2014 (in time before listing) the company sells the property to him at RWF 40,000,000. Worse, he will pay for it in 36 months (page 42 of IM). Clearly, hii ni wizi!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@mweke. you the best!!!! The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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The other directors/shareholders/their affiliates seems not to have been left behind in fleecing the company. In the half year to June 2014, the recorded gains from sale of properties are 78% of the net profit. These are properties that were carried in the books at very low book value and sold prior to listing at am sure non market prices going by the MD/CEO trade above.
... on valuation front:
Fully year 2013 EPS = Kes. 0.92
Fully year 2013 NBV = Kes. 1.22
Am AVOIDING this one
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Aguytrying wrote:@mweke. you the best!!!! :)
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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mwekez@ji wrote:I dont like this MD/CEO. The company buys a property in Rwanda in 2012 at RWF 65,000,000 then in June 2014 (in time before listing) the company sells the property to him at RWF 40,000,000. Worse, he will pay for it in 36 months (page 42 of IM). Clearly, hii ni wizi! Guys should read Charles Mackay's " Extraordinary Popular delusions and Madness of crowds" Such happenings are vividly detailed!Fleecing crowds by listing ****** ventures
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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mwekez@ji wrote:The other directors/shareholders/their affiliates seems not to have been left behind in fleecing the company. In the half year to June 2014, the recorded gains from sale of properties are 78% of the net profit. These are properties that were carried in the books at very low book value and sold prior to listing at am sure non market prices going by the MD/CEO trade above.
... on valuation front:
Fully year 2013 EPS = Kes. 0.92
Fully year 2013 NBV = Kes. 1.22
Am AVOIDING this one This is surely headed to sub 5 levels. Home Africa dejavu
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Flame Tree Group did a private placement on 30th October and listed 6 days later. Sisemi kitu ingine. Sehemu ndio nyumba
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Mainat wrote:Flame Tree Group did a private placement on 30th October and listed 6 days later.
Sisemi kitu ingine. true. proving to be a shady firm already. @mweke. I guess management is not exactly that trust worthy. fundamentals a rip off. Gems market is getting a very bad reputation. The investor's chief problem - and even his worst enemy - is likely to be himself
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FlameTree introduction instead of ipo
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