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Stanlib I-reit IPO @20/- per unit
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Aguytrying
#41 Posted : Sunday, October 25, 2015 7:59:56 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
enyands wrote:
how I would love these guys to float this baby tomorrow on nse. with the bear flexing his muscles and demolishing everything on nse, its going to be destroyed so strong that the initial price of 20 will fall below 10.thats when I might jump in. but for now as @mnadii puts it "cash is king" (and I wish I heard his warning about the stocks crash coming-but I ignored ' excuse im new')im not wasting any of my money on this thing.of course it will be oversubscribed but I cant enter with 20. that's way too overrated.wait and see is my thing for now


It's unlikely to be over subscribed given the liquidity crunch and bear market conditions
The investor's chief problem - and even his worst enemy - is likely to be himself
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Pesa Nane
#42 Posted : Monday, October 26, 2015 4:44:02 PM
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Joined: 5/25/2012
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Important dates

Pesa Nane plans to be shilingi when he grows up.
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Othelo
#43 Posted : Monday, October 26, 2015 4:46:42 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
Pesa Nane wrote:
Important dates


Whoever did the timetable is not catholic smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Pesa Nane
#44 Posted : Monday, October 26, 2015 4:47:19 PM
Rank: Elder


Joined: 5/25/2012
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Read / Download the Stanlib I-REIT IPO Prospectus HERE
Pesa Nane plans to be shilingi when he grows up.
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kryptonite
#45 Posted : Monday, October 26, 2015 5:21:17 PM
Rank: Member


Joined: 2/1/2010
Posts: 272
Location: Nairobi
Pesa Nane wrote:
Read / Download the Stanlib I-REIT IPO Prospectus HERE


Thanks Pesa8. You do a good job here
The harder you work, the luckier you get
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Aguytrying
#46 Posted : Monday, October 26, 2015 5:45:12 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
kryptonite wrote:
Pesa Nane wrote:
Read / Download the Stanlib I-REIT IPO Prospectus HERE


Thanks Pesa8. You do a good job here


And we don't thank you enough Applause
The investor's chief problem - and even his worst enemy - is likely to be himself
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mwekez@ji
#47 Posted : Monday, October 26, 2015 6:14:44 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Dividend yield; c2.3% p.a.
Capital gain on NAV; c10.3% p.a.
(Source: Page 97 of the prospectus)

Too low a return. Am out!
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enyands
#48 Posted : Monday, October 26, 2015 6:25:13 PM
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Joined: 12/25/2014
Posts: 2,300
Location: kenya
Pesa Nane wrote:
Important dates




Thanks 8c .you are so generous .God bless your heart
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Ali Baba
#49 Posted : Monday, October 26, 2015 6:40:21 PM
Rank: Member


Joined: 8/29/2008
Posts: 571
Aguytrying wrote:
enyands wrote:
how I would love these guys to float this baby tomorrow on nse. with the bear flexing his muscles and demolishing everything on nse, its going to be destroyed so strong that the initial price of 20 will fall below 10.thats when I might jump in. but for now as @mnadii puts it "cash is king" (and I wish I heard his warning about the stocks crash coming-but I ignored ' excuse im new')im not wasting any of my money on this thing.of course it will be oversubscribed but I cant enter with 20. that's way too overrated.wait and see is my thing for now


It's unlikely to be over subscribed given the liquidity crunch and bear market conditions
Why buy at sh20 when you can buy it at sh 15 in the secondary market ??
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enyands
#50 Posted : Monday, October 26, 2015 7:24:41 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
Ali Baba wrote:
Aguytrying wrote:
enyands wrote:
how I would love these guys to float this baby tomorrow on nse. with the bear flexing his muscles and demolishing everything on nse, its going to be destroyed so strong that the initial price of 20 will fall below 10.thats when I might jump in. but for now as @mnadii puts it "cash is king" (and I wish I heard his warning about the stocks crash coming-but I ignored ' excuse im new')im not wasting any of my money on this thing.of course it will be oversubscribed but I cant enter with 20. that's way too overrated.wait and see is my thing for now


It's unlikely to be over subscribed given the liquidity crunch and bear market conditions
Why buy at sh20 when you can buy it at sh 15 in the secondary market ??

.

It's naivety to get from IPO at that price. Reminds me what I did with Kengen when it was ipo was launched in 2006. I should have waited for secondary market .but as I said I learnt my lesson . Innocent wanjiku will rush at 20 shillings ..maybe to get a refund and awarded only 10% of what they had wanted to own .then rush to purchase more on nse market pushing price alittle bit up ,then falls down to 10-15.i might then put on my best dancing shoes and coat and head to dance floor.
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sparkly
#51 Posted : Tuesday, October 27, 2015 6:07:41 AM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
streetwise wrote:
This one wont touch.

I see them getting the money and declaring a loss year in year out. Uta DO


They must distribute 80% of the rental income to REIT holders. So long as they have property portfolio, there will be a return.
Life is short. Live passionately.
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Spikes
#52 Posted : Tuesday, October 27, 2015 6:13:41 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
I wouldn't touch too but until it plummets from its glorious IPO highs of kes 20 to sub kes 5 in the long run for speculation purposes.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Spikes
#53 Posted : Tuesday, October 27, 2015 6:16:37 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
I wouldn't touch too but until it plummets from its glorious IPO highs of kes 20 to sub kes 5 in the long run for speculation purposes.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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sparkly
#54 Posted : Tuesday, October 27, 2015 6:17:25 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mwekez@ji wrote:
Dividend yield; c2.3% p.a.
Capital gain on NAV; c10.3% p.a.
(Source: Page 97 of the prospectus)

Too low a return. Am out!


Wrong timing. Why will smart money invest in the REIT when GOK papers >22% risk free?
Life is short. Live passionately.
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Aguytrying
#55 Posted : Tuesday, October 27, 2015 8:24:28 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
bird_man wrote:
Two questions here:
1.Yes they will distribute 80% of profits to shareholders.But how do they ensure administrative & finance expenses dont eat up most of rental collections income?
2.Is 14% ROI for shareholder not too high especially with the number of competing malls and commercial properties coming up?Have they been able to do this in SA?


My main concern is your 1St question. Stanlib have "no skin in the reit" what makes us sure that all their actions are 100% aligned with us the shareholders, coz at the end of the day they will get their management fees. I would like it if they were among the major shareholders. I know this might not be the specification of a REIT, so my concern might cover all REITS not just this Fahari I reit.

Other than that, if they can be trusted and depended upon and at the right price...dividend Yield of about 7% to the starting NAV, then this is a very good investment
The investor's chief problem - and even his worst enemy - is likely to be himself
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whiteowl
#56 Posted : Tuesday, October 27, 2015 9:39:29 AM
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Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
For the next 9 months, cash is king.Can't touch this!
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Impunity
#57 Posted : Tuesday, October 27, 2015 1:24:05 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
whiteowl wrote:
For the next 9 months, cash is king.Can't touch this!


you are sharp.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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streetwise
#58 Posted : Tuesday, October 27, 2015 3:59:50 PM
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Joined: 6/23/2011
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Location: Nairobi
Hii itachoma watu, Ngoja tu utaona
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Fyatu
#59 Posted : Tuesday, October 27, 2015 4:10:48 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Impunity wrote:
whiteowl wrote:
For the next 9 months, cash is king.Can't touch this!


you are sharp.


ditto. However, with the prevailing economic conditions, very few have the cash and the cost of borrowing is prohibitive. Reminds me of circa 2011
Dumb money becomes dumb only when it listens to smart money
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mthaka
#60 Posted : Tuesday, October 27, 2015 4:42:49 PM
Rank: Member


Joined: 9/30/2013
Posts: 254
The International Finance Corporation (IFC) plans to invest Sh1.5 billion ($15 million) in the initial public offer for the Stanlib’s Real Estate Investment Trust (REIT).
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