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FlameTree introduction instead of ipo
Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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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 Thanks @mwekez@ji for combing through the IM for us.
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Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
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Aguytrying wrote: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. @Aguy My Sentiments exactly. Going for quantity over quality never works! @Mainat ...private (speculative if I may add)investors looking to quickly flip it as the market always shows (misplaced) enthusiasm for listings... 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: Chief Joined: 8/4/2010 Posts: 8,977
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A shitty deal is a shitty deal Burbidge Capital, sisemi kitu... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Do they have an auditor? The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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I like the firm's products, I like the market (tanks) it plays in. I like the future/potential. I do NOT like the current price. It seemed attractive at the Private Placement price of 8/- but not at 13 only 6 days later. Let's see what the profits are without the gains from the sale of real estate. I need to dissect the IM. For the moment, I am staying far away. Not as bad as HAFR but shades of LKL when it listed. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Mart_Consult wrote:Aguytrying wrote: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. @Aguy My Sentiments exactly. Going for quantity over quality never works! @Mainat ...private (speculative if I may add)investors looking to quickly flip it as the market always shows (misplaced) enthusiasm for listings... As you ponder, more listings in the segment www.businessdailyafrica....84/-/cqy9y7/-/index.htmlC&P “There are three more after Flame Tree in the pipeline before the end of the year. Next year there will be a lot more coming on board. In terms of sectors, we have a combination, one being in FMCG (fast moving consumer goods)and another one in real estate,” Atlas Development and Support Services, a logistics firm serving the oil sector, has announced plans to list by the end of the year. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The slide continues... Ref HAFR... $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:The slide continues...
Ref HAFR... Very good....  possunt quia posse videntur
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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maka wrote:hisah wrote:The slide continues...
Ref HAFR... Very good.... Kwani people never learn! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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if nav is 1.22, I would consider it well priced at 2.00-3.00. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 4/22/2009 Posts: 2,863
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Angelica _ann wrote:maka wrote:hisah wrote:The slide continues...
Ref HAFR... Very good.... Kwani people never learn! Am informed that Kanyari's church was packed to the rafters last sunday...those are Kenyans for you! IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
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Rank: Member Joined: 3/15/2009 Posts: 360
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Boris Boyka wrote:Mart_Consult wrote:Aguytrying wrote: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. @Aguy My Sentiments exactly. Going for quantity over quality never works! @Mainat ...private (speculative if I may add)investors looking to quickly flip it as the market always shows (misplaced) enthusiasm for listings... As you ponder, more listings in the segment www.businessdailyafrica....84/-/cqy9y7/-/index.htmlC&P “There are three more after Flame Tree in the pipeline before the end of the year. Next year there will be a lot more coming on board. In terms of sectors, we have a combination, one being in FMCG (fast moving consumer goods)and another one in real estate,” Atlas Development and Support Services, a logistics firm serving the oil sector, has announced plans to list by the end of the year. More income for my stock, NSE, come one come all
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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These Sharia investment firm Kurwitu Ventures seem to have ensured they meet the minimum qualification by listing 102,000 shares. I will not be touching a counter that has no details in public domain even 2 days before the day of listing. We adopt the wait and see attitude African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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maka wrote:hisah wrote:The slide continues...
Ref HAFR... Very good....  Meaning it's the 10% rule that is making the counter not sink beyond 10.75 today. Volumes? African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Kwani jana kuliendaje?¶¶¶
BBI will solve it :)
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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shocks wrote:Boris Boyka wrote:Mart_Consult wrote:Aguytrying wrote: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. @Aguy My Sentiments exactly. Going for quantity over quality never works! @Mainat ...private (speculative if I may add)investors looking to quickly flip it as the market always shows (misplaced) enthusiasm for listings... As you ponder, more listings in the segment www.businessdailyafrica....84/-/cqy9y7/-/index.htmlC&P “There are three more after Flame Tree in the pipeline before the end of the year. Next year there will be a lot more coming on board. In terms of sectors, we have a combination, one being in FMCG (fast moving consumer goods)and another one in real estate,” Atlas Development and Support Services, a logistics firm serving the oil sector, has announced plans to list by the end of the year. More income for my stock, NSE, come one come all There a great companies out there such as ones dealing with importation of drugs and medical supplies with huge contracts in health sector. If they can somehow be lured into listing, then it will make the market exiting. 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: Chief Joined: 8/4/2010 Posts: 8,977
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Sober wrote:maka wrote:hisah wrote:The slide continues...
Ref HAFR... Very good.... Meaning it's the 10% rule that is making the counter not sink beyond 10.75 today. Volumes? Yes. 3 days in a row of losses post listing. And it'll sink below listing price @8.00 $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Its good this pple avoided an ipo , let them share their losses quietly, I smell 3bob "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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By Friday we are likely to be below the introduction price of 8bob In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Isn't this just retail investors selling? They'll run out of shares soon. Business opportunities are like buses,there's always another one coming
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FlameTree introduction instead of ipo
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