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Stanlib I-reit IPO @20/- per unit

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sparkly		#51 Posted : Tuesday, October 27, 2015 6:07:41 AM
Rank: Elder 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
Rank: Veteran 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: 26,331 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
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 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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