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Stanlib I-reit IPO @20/- per unit
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Sam_Kibs
#1 Posted : Thursday, October 22, 2015 10:04:48 AM
Rank: New-farer


Joined: 7/1/2015
Posts: 67
your opinions Wazuans?

anybody who has sighted the prospectus?

What is the minimum no. of Units?
“It’s no good, it’s no good!” says the buyer—
then goes off and boasts about the purchase-Proverbs 20:14
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alma1
#2 Posted : Thursday, October 22, 2015 10:41:50 AM
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Joined: 9/19/2015
Posts: 2,871
Location: hapo
I too would like information on this one
Thieves are not good people. Tumeelewana?
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Impunity
#3 Posted : Thursday, October 22, 2015 10:43:34 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Wrong time to list.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Lolest!
#4 Posted : Thursday, October 22, 2015 10:50:13 AM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Sam_Kibs wrote:
your opinions Wazuans?

anybody who has sighted the prospectus?

What is the minimum no. of Units?

Someone from Stanlib told me min investment is 20k. Could be 1000 units??
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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Felipe
#5 Posted : Thursday, October 22, 2015 12:15:30 PM
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Joined: 11/2/2014
Posts: 38
Impunity wrote:
Wrong time to list.


@ Impunity, expound why the timing is wrong?
TA = Price Action + Vol + S/R + Trend + Pattern.
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Impunity
#6 Posted : Thursday, October 22, 2015 12:50:04 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Felipe wrote:
Impunity wrote:
Wrong time to list.


@ Impunity, expound why the timing is wrong?


KES depreciated much.
Interest rates accelerating northwards.
Mid tier banks getting wound up with investors billions locked in.
The NSE market is below the psychological 4000 units and still going south.
Jubilee gaaament seems not bothered.

Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Spikes
#7 Posted : Thursday, October 22, 2015 1:00:52 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
I don't think they will achieve the target looking at the performance of HAFR . They risk under subscription given state of economy.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Aguytrying
#8 Posted : Thursday, October 22, 2015 1:23:57 PM
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Joined: 7/11/2010
Posts: 5,040
Rink??
The investor's chief problem - and even his worst enemy - is likely to be himself
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Lolest!
#9 Posted : Thursday, October 22, 2015 1:59:15 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Quote:
Investors will need a minimum of Sh20,000 to invest in Kenya’s first Real Estate Investment Trust (Reit) launched on Thursday.

Stanlib Investments' Reit which opened Thursday targets to raise Sh12.5 billion for investing in rental properties.

Stanlib will sell the Reit in units of Sh20 and investors will need to buy a minimum of 1,000 units to participate in the initial public offering (IPO).

The Reit will be listed on the Nairobi Securities Exchange (NSE) on November 24 2015.

http://www.businessdaily...2/-/11hsh2y/-/index.html
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Chaka
#10 Posted : Thursday, October 22, 2015 2:03:50 PM
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Joined: 2/16/2007
Posts: 2,114
For this thing,would the profits/losses come from property sales,rentals or both?
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Lolest!
#11 Posted : Thursday, October 22, 2015 3:49:34 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Chaka wrote:
For this thing,would the profits/losses come from property sales,rentals or both?

Quote:
The main source of income is net rental earnings from rentals from eligible real estate investments owned directly by the STANLIB Fahari I-REIT and dividend income from wholly-owned subsidiary companies that own eligible real estate investments. The minimum distributions shall be 80 per cent of the profit after tax excluding unrealised fair value gains.
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lochaz-index
#12 Posted : Thursday, October 22, 2015 5:16:03 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
Lolest! wrote:
Chaka wrote:
For this thing,would the profits/losses come from property sales,rentals or both?

Quote:
The main source of income is net rental earnings from rentals from eligible real estate investments owned directly by the STANLIB Fahari I-REIT and dividend income from wholly-owned subsidiary companies that own eligible real estate investments. The minimum distributions shall be 80 per cent of the profit after tax excluding unrealised fair value gains.


I-reit=rental income, D-reit= property sale income.
The main purpose of the stock market is to make fools of as many people as possible.
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sorovi
#13 Posted : Thursday, October 22, 2015 5:46:19 PM
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Joined: 8/3/2007
Posts: 146
More details about the rights
Fahari I REIT
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mwekez@ji
#14 Posted : Thursday, October 22, 2015 7:36:48 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
IPO in a bear? They must be very desperate for the cash. Where is information memorandum?
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murchr
#15 Posted : Thursday, October 22, 2015 7:47:21 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
mwekez@ji wrote:
IPO in a bear? They must be very desperate for the cash. Where is information memorandum?


Welcome back
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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hisah
#16 Posted : Thursday, October 22, 2015 10:40:14 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
IPO in a bear? They must be very desperate for the cash. Where is information memorandum?

Since it's targeting institutions (55%) allocation they might just pull it off with very few wanjikus onboard. Wanjikus will hardly participate since they are in a liquidity squeeze (paying debts, buying tbills and liquidating stocks) and also don't understand REITs. An IPO needs a liquidity ocean plus hype to rope in Wanjiku. But let us see the info memorandum to confirm if institutions will be convinced to jump in.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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enyands
#17 Posted : Thursday, October 22, 2015 10:42:05 PM
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Joined: 12/25/2014
Posts: 2,300
Location: kenya
hisah wrote:
mwekez@ji wrote:
IPO in a bear? They must be very desperate for the cash. Where is information memorandum?

Since it's targeting institutions (55%) allocation they might just pull it off with very few wanjikus onboard. Wanjikus will hardly participate since they are in a liquidity squeeze (paying debts, buying tbills and liquidating stocks) and also don't understand REITs. An IPO needs a liquidity ocean plus hype to rope in Wanjiku. But let us see the info memorandum to confirm if institutions will be convinced to jump in.



Following you @hisah
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kangi
#18 Posted : Friday, October 23, 2015 10:09:26 AM
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Joined: 7/23/2009
Posts: 526
enyands wrote:
hisah wrote:
mwekez@ji wrote:
IPO in a bear? They must be very desperate for the cash. Where is information memorandum?

Since it's targeting institutions (55%) allocation they might just pull it off with very few wanjikus onboard. Wanjikus will hardly participate since they are in a liquidity squeeze (paying debts, buying tbills and liquidating stocks) and also don't understand REITs. An IPO needs a liquidity ocean plus hype to rope in Wanjiku. But let us see the info memorandum to confirm if institutions will be convinced to jump in.



Following you @hisah

Tuko pamoja.
Accept no one's definition of your life; define your life.
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mwekez@ji
#19 Posted : Friday, October 23, 2015 11:22:59 AM
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Joined: 5/31/2011
Posts: 5,121
murchr wrote:
mwekez@ji wrote:
IPO in a bear? They must be very desperate for the cash. Where is information memorandum?


Welcome back


Asante sana
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Ericsson
#20 Posted : Friday, October 23, 2015 11:41:54 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Shit will hit the fan.
That is where conning begins
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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