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Home Afrika Listing at NSE!
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VituVingiSana
#751 Posted : Thursday, July 16, 2015 8:04:15 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Angelica _ann wrote:
VituVingiSana wrote:
mlennyma wrote:
kayhara wrote:
Jehofa, whe did this share touch 2.50/-? hehehe si kuna watu wanalilia kwa choo, will it slide further?

is it shelter afrique which bought this monkey in bulk a while back?
Didn't those folks of Hass Consult buy into Home Afrika? So much for being the so-called experts in real estate in Kenya!

They could be making money by doing business with Home Africa being among the major shareholders.

Good point. So their interests are not aligned with other shareholders.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Gatheuzi
#752 Posted : Friday, July 17, 2015 7:02:10 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
VituVingiSana wrote:
Angelica _ann wrote:
VituVingiSana wrote:
mlennyma wrote:
kayhara wrote:
Jehofa, whe did this share touch 2.50/-? hehehe si kuna watu wanalilia kwa choo, will it slide further?

is it shelter afrique which bought this monkey in bulk a while back?
Didn't those folks of Hass Consult buy into Home Afrika? So much for being the so-called experts in real estate in Kenya!

They could be making money by doing business with Home Africa being among the major shareholders.

Good point. So their interests are not aligned with other shareholders.

There was also Tamarind. Or those are the minority interests who have always been making profits year in year out.
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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Aguytrying
#753 Posted : Friday, July 17, 2015 12:08:52 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I remember the chairman arrogantly telling investors that we dont know how to value home afrika. the market dont lie.
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#754 Posted : Friday, July 17, 2015 1:26:31 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Gatheuzi wrote:
VituVingiSana wrote:
Angelica _ann wrote:
VituVingiSana wrote:
mlennyma wrote:
kayhara wrote:
Jehofa, whe did this share touch 2.50/-? hehehe si kuna watu wanalilia kwa choo, will it slide further?

is it shelter afrique which bought this monkey in bulk a while back?
Didn't those folks of Hass Consult buy into Home Afrika? So much for being the so-called experts in real estate in Kenya!

They could be making money by doing business with Home Africa being among the major shareholders.

Good point. So their interests are not aligned with other shareholders.

There was also Tamarind. Or those are the minority interests who have always been making profits year in year out.
Just as Merali makes money year in, year out while the 'other' shareholders do not.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Friday, July 17, 2015 1:35 PM | Reason: Not specified
VituVingiSana
#755 Posted : Friday, July 17, 2015 1:29:24 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Aguytrying wrote:
I remember the chairman arrogantly telling investors that we dont know how to value home afrika. the market dont lie.
Home Afrika was listed to provide an avenue to sell this monkey to the ignorant villagers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#756 Posted : Friday, July 17, 2015 1:38:32 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
Aguytrying wrote:
I remember the chairman arrogantly telling investors that we dont know how to value home afrika. the market dont lie.
Home Afrika was listed to provide an avenue to sell this monkey to the ignorant villagers.


When I saw the major/early shareholders selling out I knew that was their end game
The investor's chief problem - and even his worst enemy - is likely to be himself
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sparkly
#757 Posted : Friday, July 17, 2015 4:19:23 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Aguytrying wrote:
VituVingiSana wrote:
Aguytrying wrote:
I remember the chairman arrogantly telling investors that we dont know how to value home afrika. the market dont lie.
Home Afrika was listed to provide an avenue to sell this monkey to the ignorant villagers.


When I saw the major/early shareholders selling out I knew that was their end game


Was there last week. Infrastructure work re roads has taken off. Some of the Mitini scapes houses sold already.
Life is short. Live passionately.
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VituVingiSana
#758 Posted : Friday, July 17, 2015 7:27:43 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
sparkly wrote:
Aguytrying wrote:
VituVingiSana wrote:
Aguytrying wrote:
I remember the chairman arrogantly telling investors that we dont know how to value home afrika. the market dont lie.
Home Afrika was listed to provide an avenue to sell this monkey to the ignorant villagers.


When I saw the major/early shareholders selling out I knew that was their end game


Was there last week. Infrastructure work re roads has taken off. Some of the Mitini scapes houses sold already.

That's good but also are these sales servicing the loans? Overall, I wish them success but I am skeptical of the success of the firm. Whereas a project may be successful, the firm may not be due to high costs e.g. financing, operations, etc.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Afroblk
#759 Posted : Friday, July 17, 2015 11:54:55 PM
Rank: New-farer

Joined: 3/3/2010
Posts: 79
VituVingiSana wrote:
sparkly wrote:
Aguytrying wrote:
VituVingiSana wrote:
Aguytrying wrote:
I remember the chairman arrogantly telling investors that we dont know how to value home afrika. the market dont lie.
Home Afrika was listed to provide an avenue to sell this monkey to the ignorant villagers.


When I saw the major/early shareholders selling out I knew that was their end game


Was there last week. Infrastructure work re roads has taken off. Some of the Mitini scapes houses sold already.

That's good but also are these sales servicing the loans? Overall, I wish them success but I am skeptical of the success of the firm. Whereas a project may be successful, the firm may not be due to high costs e.g. financing, operations, etc.


True, they'll have bigger problems if they can't reduce their high cost of operations. Also, they must be able to pay 85M in interest this year to investors that bought their bond in a private placement after they failed to raise 900M. I must say 17% interest they offered was lucrative for investors and horrifying to them. The folks who bought this bond were so skeptical that the land in Kiambu guaranteed the bond. smh I don't think I would touch this even at 1.50 until after late 2017 when they can pay-off the bond and remove the lien on the Migaa land, their major asset.
Knowledge is contagious...Infect truth!
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Pesa Nane
#760 Posted : Saturday, July 18, 2015 10:59:49 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
sparkly wrote:
Aguytrying wrote:
VituVingiSana wrote:
Aguytrying wrote:
I remember the chairman arrogantly telling investors that we dont know how to value home afrika. the market dont lie.
Home Afrika was listed to provide an avenue to sell this monkey to the ignorant villagers.


When I saw the major/early shareholders selling out I knew that was their end game


Was there last week. Infrastructure work re roads has taken off. Some of the Mitini scapes houses sold already.

Therein lies the problem. With every loss, it's explained that the projects have not been completed. I foresee a situation where everything will have been sold at completion as minority investors continue to time the windfall at completion!
Pesa Nane plans to be shilingi when he grows up.
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