Wazua
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Stanlib I-reit IPO @20/- per unit
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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tmatekwa wrote:http://www.businessdailyafrica.com/Kenya-s-firts-Reits-offer-misses-target/-/539552/2973220/-/cjv89i/-/index.html
Kenya’s first Income-Real Estate Investment Trust (Reit) issued by Stanlib Investments has raised under one-third of the targeted Sh12.5 billion in what analysts attributed to competition from other instruments and poor grasp of the concept.
The Fahari I-Reit managed to raise Sh3.6 billion through the offering, the company said in a notice. It termed the offer a success since it exceeded the minimum Sh2.6 billion target.
“Following the closing date of receipt of applications and payment for units in the Stanlib Fahari I-Reit on Wednesday 18 November 2015, Stanlib Kenya limited (the issuer) is pleased to announce that the offer exceeded the success threshold of Sh2.6 billion as it has received applications for units amounting to Sh3,619,446,000,” said Stanlib in an advert. Undersubscribed oversubscription?
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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This must be a new low. 30% subscription with all that publicity and spreading lies. This can be compared to that HomeAfrika Bond that had 0% subscription. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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dunkang wrote:This must be a new low. 30% subscription with all that publicity and spreading lies.
This can be compared to that HomeAfrika Bond that had 0% subscription.  "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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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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tmatekwa wrote:http://www.businessdailyafrica.com/Kenya-s-firts-Reits-offer-misses-target/-/539552/2973220/-/cjv89i/-/index.html
Kenya’s first Income-Real Estate Investment Trust (Reit) issued by Stanlib Investments has raised under one-third of the targeted Sh12.5 billion in what analysts attributed to competition from other instruments and poor grasp of the concept.
The Fahari I-Reit managed to raise Sh3.6 billion through the offering, the company said in a notice. It termed the offer a success since it exceeded the minimum Sh2.6 billion target.
“Following the closing date of receipt of applications and payment for units in the Stanlib Fahari I-Reit on Wednesday 18 November 2015, Stanlib Kenya limited (the issuer) is pleased to announce that the offer exceeded the success threshold of Sh2.6 billion as it has received applications for units amounting to Sh3,619,446,000,” said Stanlib in an advert. its worth returning all this raised money and declare it a procured abortion "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 7/1/2015 Posts: 67
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murchr wrote:dunkang wrote:This must be a new low. 30% subscription with all that publicity and spreading lies.
This can be compared to that HomeAfrika Bond that had 0% subscription. i said it. let them buy Greenspan @2B then 1.6B watafute plots  when is the thing being listed in NSE? or they are still pondering on the next course of action? “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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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Sam_Kibs wrote:murchr wrote:dunkang wrote:This must be a new low. 30% subscription with all that publicity and spreading lies.
This can be compared to that HomeAfrika Bond that had 0% subscription. i said it. let them buy Greenspan @2B then 1.6B watafute plots when is the thing being listed in NSE? or they are still pondering on the next course of action? Trading starts today. In the daily nation business news, the title and article have been twisted to make the unsuspecting reader to think it's an oversubscription. In the article it even says it's oversubscribed page 37 paragraph 7. Ha ha. Thank God for wazua The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: New-farer Joined: 11/16/2015 Posts: 39 Location: Nairobi
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dunkang wrote:Shiwashei wrote:
REIT launched on October 22, two weeks later, November 12th my agent is hot on my heels trying to interest me six days to close of the offer....I smell that rat too @sam_kibs.
Newbie post....Helloooowww.Following closely,burnt before,learning of bears and bulls super fast!!
Also, News on the KCB App is on fiiiiiiiire! I don't know how they will benefit. They are busy peddling the Tax exemption of the REIT! you might need to read this http://www.standardmedia...-reit-investors-from-taxBarikiwa tufanane
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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merkava wrote:dunkang wrote:[quote=Shiwashei]
REIT launched on October 22, two weeks later, November 12th my agent is hot on my heels trying to interest me six days to close of the offer....I smell that rat too @sam_kibs.
Newbie post....Helloooowww.Following closely,burnt before,learning of bears and bulls super fast!! Also, News on the KCB App is on fiiiiiiiire! I don't know how they will benefit. They are busy peddling the Tax exemption of the REIT! you might need to read this http://www.standardmedia...reit-investors-from-tax[/quote] “As a tax efficient vehicle, the STANLIB Fahari I-REIT will provide Kenyans with an opportunity not only to diversify their investment but also open up the lucrative real estate sector to those who hitherto would not have access to it. Why would i invest in a vehicle that relies on tax exemption to ensure it's profitability. Why is it being over-marketed? African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: New-farer Joined: 5/20/2010 Posts: 69
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Sober wrote:merkava wrote:dunkang wrote:[quote=Shiwashei]
REIT launched on October 22, two weeks later, November 12th my agent is hot on my heels trying to interest me six days to close of the offer....I smell that rat too @sam_kibs.
Newbie post....Helloooowww.Following closely,burnt before,learning of bears and bulls super fast!! Also, News on the KCB App is on fiiiiiiiire! I don't know how they will benefit. They are busy peddling the Tax exemption of the REIT! you might need to read this http://www.standardmedia...reit-investors-from-tax[/quote] “As a tax efficient vehicle, the STANLIB Fahari I-REIT will provide Kenyans with an opportunity not only to diversify their investment but also open up the lucrative real estate sector to those who hitherto would not have access to it. Why would i invest in a vehicle that relies on tax exemption to ensure it's profitability. Why is it being over-marketed? This tax exempt status means you dont pay the 5% capital gains tax (im assuming), which will be dropped and replaced with a withholding tax 0.3% form Jan 2016 true? if so 0.3% is not a deal breaker for me, if they are using tax free status to sell this thing which reduces to 0.3% next year in any case.....well, I'll be damned, im better off buying it at 5/- a piece in January cash out later in maybe june and just pay that 0.3% tax And how does this tie up with the land lord tax issue? who pays that tax? Treasury scraps controversial 5pc capital gains tax after rejection
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Less than 30% was taken as follows; 17.05% East African Individual investors (Wanjikus) 58.11% East African Institutional investors 24.84% Foreigners Are Wanjikus broke or did not understand a thing on buying KICC? Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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dunkang wrote:Less than 30% was taken as follows;
17.05% East African Individual investors (Wanjikus)
58.11% East African Institutional investors
24.84% Foreigners
Are Wanjikus broke or did not understand a thing on buying KICC? When there is a cash crunch then someone comes asking for your money (for whichever reason),fear/caution takes precedence
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Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi
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When are they starting to trade now that the 26th Nov Date was pushed further.
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Rank: Member Joined: 8/16/2012 Posts: 660
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The optimist wrote:When are they starting to trade now that the 26th Nov Date was pushed further. Its in the market, just no trades yet! Monday it is. Funny how it isn't in the lists yet, not even on nellydata. Live and learn; and don’t forget, nothing ventured, nothing gained.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Museveni wrote:The optimist wrote:When are they starting to trade now that the 26th Nov Date was pushed further. Its in the market, just no trades yet! Monday it is. Funny how it isn't in the lists yet, not even on nellydata. It's start of trading is coinciding with the end of the bounce The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:Museveni wrote:The optimist wrote:When are they starting to trade now that the 26th Nov Date was pushed further. Its in the market, just no trades yet! Monday it is. Funny how it isn't in the lists yet, not even on nellydata. It's start of trading is coinciding with the end of the bounce Didn't trade, but I'm seeing something else in MyStocks...
Again I'll ask, will this be the thing that kills the market?$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:Aguytrying wrote:Museveni wrote:The optimist wrote:When are they starting to trade now that the 26th Nov Date was pushed further. Its in the market, just no trades yet! Monday it is. Funny how it isn't in the lists yet, not even on nellydata. It's start of trading is coinciding with the end of the bounce Didn't trade, but I'm seeing something else in MyStocks...
Again I'll ask, will this be the thing that kills the market? "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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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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hisah wrote:Aguytrying wrote:Museveni wrote:The optimist wrote:When are they starting to trade now that the 26th Nov Date was pushed further. Its in the market, just no trades yet! Monday it is. Funny how it isn't in the lists yet, not even on nellydata. It's start of trading is coinciding with the end of the bounce Didn't trade, but I'm seeing something else in MyStocks...
Again I'll ask, will this be the thing that kills the market? was somebody throwing some maize to catch the chicken? who is this who refused to buy in the offer to buy now? ? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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mlennyma wrote:hisah wrote:Aguytrying wrote:Museveni wrote:The optimist wrote:When are they starting to trade now that the 26th Nov Date was pushed further. Its in the market, just no trades yet! Monday it is. Funny how it isn't in the lists yet, not even on nellydata. It's start of trading is coinciding with the end of the bounce Didn't trade, but I'm seeing something else in MyStocks...
Again I'll ask, will this be the thing that kills the market? was somebody throwing some maize to catch the chicken? who is this who refused to buy in the offer to buy now? ? Same question I ask
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Although this people missed their target,i like the kind of investors who participated. They might get good ideas from shareholders going forward if they are good and responsible wealth managers. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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obiero wrote:mlennyma wrote:hisah wrote:Aguytrying wrote:Museveni wrote:The optimist wrote:When are they starting to trade now that the 26th Nov Date was pushed further. Its in the market, just no trades yet! Monday it is. Funny how it isn't in the lists yet, not even on nellydata. It's start of trading is coinciding with the end of the bounce Didn't trade, but I'm seeing something else in MyStocks...
Again I'll ask, will this be the thing that kills the market? was somebody throwing some maize to catch the chicken? who is this who refused to buy in the offer to buy now? ? Same question I ask The catch phrase on standard investment bank was "Stanlib -I reit up 18% on first day of trading" The speculators who bought to make a kill are the ones who will bring down the share price like a pack of cards The investor's chief problem - and even his worst enemy - is likely to be himself
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