Wazua
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Sasini Annual Report 2014
Rank: New-farer Joined: 9/25/2014 Posts: 27
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Hi,
Just going through Sasini Annual Report that was just sent through the post. I see they have revalued their land after 5 years at an additional Kshs 5.74bn.
In the effect is to push the NAV upto nearly 55/-. Will this have any impact on the share trading price?
Thanks
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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biddii wrote:Hi,
Just going through Sasini Annual Report that was just sent through the post. I see they have revalued their land after 5 years at an additional Kshs 5.74bn.
In the effect is to push the NAV upto nearly 55/-. Will this have any impact on the share trading price?
Thanks Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Mr. market has aswered you share has increased with .95 cents to kshs. 15.35 bob. Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
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Othelo wrote:Mr. market has aswered you share has increased with .95 cents to kshs. 15.35 bob. Not quite...up-coming Books closure may have informed this...expect to settle at Kes. 13 range.. 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: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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VituVingiSana wrote:Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here.
Who owns these companies?  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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VituVingiSana wrote:Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here.
Who owns this bank?  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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VituVingiSana wrote:biddii wrote:Hi,
Just going through Sasini Annual Report that was just sent through the post. I see they have revalued their land after 5 years at an additional Kshs 5.74bn.
In the effect is to push the NAV upto nearly 55/-. Will this have any impact on the share trading price?
Thanks Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here. 514 acres gone.  Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Pesa Nane wrote:VituVingiSana wrote:biddii wrote:Hi,
Just going through Sasini Annual Report that was just sent through the post. I see they have revalued their land after 5 years at an additional Kshs 5.74bn.
In the effect is to push the NAV upto nearly 55/-. Will this have any impact on the share trading price?
Thanks Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here. 514 acres gone. 1) That's 2mn/acre. In Kiambu. 2) Who will buy that land? An insider? This is Merali you are dealing with. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Something is cooking here....all in  possunt quia posse videntur
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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maka wrote:Something is cooking here....all in @maka you are my friend. Please run, run in any direction, but keep running. The consolidated statement shows the Earning Per Share was only Kshs. 0.10 but its paying a dividend of Kshs. 0.25 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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This guy did guys in with firestone, NEVER touch any investment that he is a major shareholder. Teachers will be crying tears very soon after buying a shell in the name of a bank.  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: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:Pesa Nane wrote:VituVingiSana wrote:biddii wrote:Hi,
Just going through Sasini Annual Report that was just sent through the post. I see they have revalued their land after 5 years at an additional Kshs 5.74bn.
In the effect is to push the NAV upto nearly 55/-. Will this have any impact on the share trading price?
Thanks Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here. 514 acres gone. 1) That's 2mn/acre. In Kiambu. 2) Who will buy that land? An insider? This is Merali you are dealing with. History repeating itself. Another screwing of minorities by Meralli. Wait and you will hear of a golf estate coming soon! Developed by Sasini but of course owned by Meralli. Life is short. Live passionately.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Wahenya and Mweiga farms are in Nyeri not Kiambu and I doubt the Ksh2m per acre that has been used to value the land. The Mweiga farm is in a semi-arid area and shouldn't be more than Ksh1m per acre. Sehemu ndio nyumba
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Mainat wrote:Wahenya and Mweiga farms are in Nyeri not Kiambu and I doubt the Ksh2m per acre that has been used to value the land. The Mweiga farm is in a semi-arid area and shouldn't be more than Ksh1m per acre. Dry but not so dry, firm under coffee and beef herds. Which doesn't matter because if converted to a resort, an acre will go for at least 10 million. www.marrian.com/mweigaLife is short. Live passionately.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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My accounting is rusty, but that is not how valuation is done. sparkly wrote:Mainat wrote:Wahenya and Mweiga farms are in Nyeri not Kiambu and I doubt the Ksh2m per acre that has been used to value the land. The Mweiga farm is in a semi-arid area and shouldn't be more than Ksh1m per acre. Dry but not so dry, firm under coffee and beef herds. Which doesn't matter because if converted to a resort, an acre will go for at least 10 million. www.marrian.com/mweiga Sehemu ndio nyumba
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Pesa Nane wrote:maka wrote:Something is cooking here....all in @maka you are my friend. Please run, run in any direction, but keep running. The consolidated statement shows the Earning Per Share was only Kshs. 0.10 but its paying a dividend of Kshs. 0.25 I dint bought a sizeable amount...Take off possunt quia posse videntur
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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http://www.businessdaily...2/-/aog9ki/-/index.html
Global commodities price action is quite bearish. This trend is still in play. Agri stocks will perform below par maybe into 2016. I expect the market to trim lower agri stock prices to price in that reality. Speculators will find it hard to get gains in this sector. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 7/3/2011 Posts: 30 Location: Nairobi
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maka wrote:Pesa Nane wrote:maka wrote:Something is cooking here....all in @maka you are my friend. Please run, run in any direction, but keep running. The consolidated statement shows the Earning Per Share was only Kshs. 0.10 but its paying a dividend of Kshs. 0.25 I dint bought a sizeable amount...Take off Don't run,fly instead. I used to be a pig but I am now a bull-bear hybrid.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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sparkly wrote:VituVingiSana wrote:Pesa Nane wrote:VituVingiSana wrote:biddii wrote:Hi,
Just going through Sasini Annual Report that was just sent through the post. I see they have revalued their land after 5 years at an additional Kshs 5.74bn.
In the effect is to push the NAV upto nearly 55/-. Will this have any impact on the share trading price?
Thanks Merali will eat it on your behalf. See Sameer/Firestone. He took over the land using a JV he owns/controls 75% of. The same will happen here. 514 acres gone. 1) That's 2mn/acre. In Kiambu. 2) Who will buy that land? An insider? This is Merali you are dealing with. History repeating itself. Another screwing of minorities by Meralli. Wait and you will hear of a golf estate coming soon! Developed by Sasini but of course owned by Meralli. Better than expected results reported due to sale of the estates. Minorities will have some crumbs  Life is short. Live passionately.
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