Wazua
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Stanlib I-reit IPO @20/- per unit
Rank: Member Joined: 8/16/2012 Posts: 661
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tmatekwa wrote:We had negative sentiments when NSE shares were listed. The counter has now proved to be bear resistant.
Based on the above presumption, am gambling with 20k on this counter... Have a look at the trading volumes (NSE). Then wait during results announcement. Reason they are marketing products they are supposed to be neutral on i.e. they are supposed to facilitate the trading not take sides with the seller or buyer. But now they got to push the product for their cut to shore up the results. On this reit, no words. Wakati name dropping is used to market a product things will be thick. On radio when the sales pitch is being asked to imagine you owned KICC, utaachwa tu ukiota! Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Museveni wrote:tmatekwa wrote:We had negative sentiments when NSE shares were listed. The counter has now proved to be bear resistant.
Based on the above presumption, am gambling with 20k on this counter... Have a look at the trading volumes (NSE). Then wait during results announcement. Reason the are marketing products they are supposed to be neutral on i.e. they are supposed to facilitate the trading not take sides with the seller or buyer. But now they got to push the product for their cut to shore up the results. On this reit, no words. Wakati name dropping is used to market a product things will be thick. On radio when the sales pitch is being asked to imagine you owned KICC, utaachwa tu ukiota! @tmatekwa, the NSE share was a small float issue and was tightly held by the market masters. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 10/1/2007 Posts: 232
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I have noticed another trend too. Foreigners are quietly Holding out on HAL, NSE, UCHUMI, LIBERTY, MPESA TRANNY.....
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Rank: Elder Joined: 9/15/2006 Posts: 3,907
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My main issue with the REIT is that we decided to go with an investment instead of development:
An investment REIT adds no new stock to the real estate market but instead does what I prefer to call a wealth transfer activity where nothing new is created just a change of guard.
A development REIT on the other end is the creation of wealth in that the resultant product looks nothing like the parts that went into its creation. Land, professional skills, artisan skills, stones, mortar and many other components, that benefit many people in diverse professions and businesses, are put together to create a building.
The properties being procured are not prime neither in location nor in current or future returns while the amounts being paid do not seem to have been arrived at in a scientific method.
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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muganda wrote:My main issue with the REIT is that we decided to go with an investment instead of development:
An investment REIT adds no new stock to the real estate market but instead does what I prefer to call a wealth transfer activity where nothing new is created just a change of guard.
A development REIT on the other end is the creation of wealth in that the resultant product looks nothing like the parts that went into its creation. Land, professional skills, artisan skills, stones, mortar and many other components, that benefit many people in diverse professions and businesses, are put together to create a building.
The properties being procured are not prime neither in location nor in current or future returns while the amounts being paid do not seem to have been arrived at in a scientific method.
Most share IPOs are just transactions to transfer ownership! The good thing with that transaction is that it frees the developer's money to be employed in other ventures. Win Win
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Rank: Member Joined: 1/3/2011 Posts: 264 Location: Nairobi
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muganda wrote:My main issue with the REIT is that we decided to go with an investment instead of development:
An investment REIT adds no new stock to the real estate market but instead does what I prefer to call a wealth transfer activity where nothing new is created just a change of guard.
A development REIT on the other end is the creation of wealth in that the resultant product looks nothing like the parts that went into its creation. Land, professional skills, artisan skills, stones, mortar and many other components, that benefit many people in diverse professions and businesses, are put together to create a building.
The properties being procured are not prime neither in location nor in current or future returns while the amounts being paid do not seem to have been arrived at in a scientific method.
I totally agree. This is air being pumped into the property bubble. An exit strategy. Eti "free up money for other developments". I would throw every dime I have were it a development REIT.
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Rank: Hello Joined: 10/16/2015 Posts: 5 Location: Nairobi
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I will be back on this thread after the listing to see if y'all will have the decency to admit how wrong your predictions were.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Lisa_Girl wrote:I will be back on this thread after the listing to see if y'all will have the decency to admit how wrong your predictions were. Salimia watu kwanza! Life is short. Live passionately.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Lisa_Girl wrote:I will be back on this thread after the listing to see if y'all will have the decency to admit how wrong your predictions were. Welcome to wazua. I will be the first to admit. I'm estimating below 10.00 in the next 12 months The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 1/31/2007 Posts: 304
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Muthawamunene wrote:muganda wrote:My main issue with the REIT is that we decided to go with an investment instead of development:
An investment REIT adds no new stock to the real estate market but instead does what I prefer to call a wealth transfer activity where nothing new is created just a change of guard.
A development REIT on the other end is the creation of wealth in that the resultant product looks nothing like the parts that went into its creation. Land, professional skills, artisan skills, stones, mortar and many other components, that benefit many people in diverse professions and businesses, are put together to create a building.
The properties being procured are not prime neither in location nor in current or future returns while the amounts being paid do not seem to have been arrived at in a scientific method.
I totally agree. This is air being pumped into the property bubble. An exit strategy. Eti "free up money for other developments". I would throw every dime I have were it a development REIT. Development REIT would be more risky ..it would be similar to Home Africa,with I-REIT the returns will be steady and consistent if they buy into the right properties at the right price. The big question is 'How good are they at buying good properties'.The jury is out on this and that's why I would keep off.
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Stanlib I-reit IPO @20/- per unit
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