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FlameTree introduction instead of ipo
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muraggz
#31 Posted : Thursday, November 06, 2014 3:37:12 PM
Rank: New-farer

Joined: 3/29/2012
Posts: 12
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 activityThink Think
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mwekez@ji
#32 Posted : Friday, November 07, 2014 8:54:58 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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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mwekez@ji
#33 Posted : Friday, November 07, 2014 10:29:53 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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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Aguytrying
#34 Posted : Friday, November 07, 2014 10:47:24 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
@mweke. you the best!!!!
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#35 Posted : Friday, November 07, 2014 10:49:33 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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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mwekez@ji
#36 Posted : Friday, November 07, 2014 10:53:41 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Aguytrying wrote:
@mweke. you the best!!!!

:)
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Metasploit
#37 Posted : Friday, November 07, 2014 11:50:03 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
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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whiteowl
#38 Posted : Friday, November 07, 2014 12:00:14 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
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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Mainat
#39 Posted : Friday, November 07, 2014 12:05:04 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
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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Aguytrying
#40 Posted : Friday, November 07, 2014 12:32:42 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
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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