Wazua
»
Investor
»
Property
»
Stanlib I-reit IPO @20/- per unit
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
shiznit wrote:Mystocks shows that it closed at 21.50/- That's 9.47% down on the first day, but only 100 units traded. I think this was a very poorly timed product launch. If it was in a bull market, Wanjiku would (as usual) come out in full speculation mode regardless of not being conversant with REITs. But now you couple the liquidity crunch with bearish trend and then uncertainty about how good the returns would be, this one was going to be dead in the water. But let's see, maybe with time (read at 10/-) it can be picked up; see how it goes.  the only ipo which can succeed now is a central bank ipo  "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
|
Museveni wrote:
The only chance to push it up was on friday when there were no 'breaks' on a slide or shoot. HAFR managed to push up 100% to 25 from 12. Now at 1.4!
From today watch the 10% drops.
The road to 10 is just 7 days ( say 3 weeks due to no trade days ) away.
Then those wishing to jump aboard can set new entry targets
That day i read this; Quote:Stanlib Investments is proposing to buy Greenspan Mall for Sh2 billion using proceeds from Kenya’s debut Income-Real Estate Investment Trust (Reit) issue. is exactly the day when i said SIWEZI. A shopping mall at 2B! Whats the floor area again?? Eastlands?? JKUAT just bought the 19 storey ICEA Building along Kenyatta Avenue at KShs.2B. That building has more income potential than that Greenspan Mall. That new 22 storey UoN tower cost KShs. 2.4B. 21 storey KCB Plaza at Upper Hill cost KShs. 2.1B. Receive with simplicity everything that happens to you.” ― Rashi
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
|
mlennyma wrote:Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall Can an I-REIT develop for renting or its restricted to purchase of already developed buildings and renting? I understand D-REIT is for development and selling and not renting out. Receive with simplicity everything that happens to you.” ― Rashi
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
dunkang wrote:mlennyma wrote:Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall Can an I-REIT develop for renting or its restricted to purchase of already developed buildings and renting? I understand D-REIT is for development and selling and not renting out. Lol !!!so the game has rules "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
|
mlennyma wrote:dunkang wrote:mlennyma wrote:Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall Can an I-REIT develop for renting or its restricted to purchase of already developed buildings and renting? I understand D-REIT is for development and selling and not renting out. Lol !!!so the game has rules no wonder the undersubscription
|
|
|
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
|
Lolest! wrote:mlennyma wrote:dunkang wrote:mlennyma wrote:Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall Can an I-REIT develop for renting or its restricted to purchase of already developed buildings and renting? I understand D-REIT is for development and selling and not renting out. Lol !!!so the game has rules no wonder the undersubscription I-REITs make money from rental and similar sources, D-REITs make money from development and disposal of real-estate. What am not sure is whether an I-REIT can develop its own property and rent/lease out. Also, if acquiring an already developed asset, they must ensure there is at least 70% occupancy rate and also a minimum of 70% of the profit must be distributed to the shareholders. Receive with simplicity everything that happens to you.” ― Rashi
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
|
dunkang wrote:Lolest! wrote:mlennyma wrote:dunkang wrote:mlennyma wrote:Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall Can an I-REIT develop for renting or its restricted to purchase of already developed buildings and renting? I understand D-REIT is for development and selling and not renting out. Lol !!!so the game has rules no wonder the undersubscription I-REITs make money from rental and similar sources, D-REITs make money from development and disposal of real-estate. What am not sure is whether an I-REIT can develop its own property and rent/lease out. Also, if acquiring an already developed asset, they must ensure there is at least 70% occupancy rate and also a minimum of 70% of the profit must be distributed to the shareholders. Question is, a shareholder with minimum allocation atapata how much out of the rent? Rather, what is the total rent collection at greenspan. Maybe atalipwa 80bob per monthly. In the words of Samba Mapangala, u must calculate, calculate..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
|
Museveni wrote:shiznit wrote:Mystocks shows that it closed at 21.50/- That's 9.47% down on the first day, but only 100 units traded. I think this was a very poorly timed product launch. If it was in a bull market, Wanjiku would (as usual) come out in full speculation mode regardless of not being conversant with REITs. But now you couple the liquidity crunch with bearish trend and then uncertainty about how good the returns would be, this one was going to be dead in the water. But let's see, maybe with time (read at 10/-) it can be picked up; see how it goes. The only chance to push it up was on friday when there were no 'breaks' on a slide or shoot. HAFR managed to push up 100% to 25 from 12. Now at 1.4! From today watch the 10% drops. The road to 10 is just 7 days ( say 3 weeks due to no trade days ) away. Then those wishing to jump aboard can set new entry targets I'm present sir
|
|
|
Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
|
dunkang wrote:Museveni wrote:
The only chance to push it up was on friday when there were no 'breaks' on a slide or shoot. HAFR managed to push up 100% to 25 from 12. Now at 1.4!
From today watch the 10% drops.
The road to 10 is just 7 days ( say 3 weeks due to no trade days ) away.
Then those wishing to jump aboard can set new entry targets
That day i read this; Quote:Stanlib Investments is proposing to buy Greenspan Mall for Sh2 billion using proceeds from Kenya’s debut Income-Real Estate Investment Trust (Reit) issue. is exactly the day when i said SIWEZI. A shopping mall at 2B! Whats the floor area again?? Eastlands?? JKUAT just bought the 19 storey ICEA Building along Kenyatta Avenue at KShs.2B. That building has more income potential than that Greenspan Mall. That new 22 storey UoN tower cost KShs. 2.4B. 21 storey KCB Plaza at Upper Hill cost KShs. 2.1B. OMG this makes so much sense...buying a building in CBD is much more profitable than a bloody mall with high traffic only on weekends. Greenspan mall is good though. That place is packed on weekends but not like the likes of Junction or Sarit
|
|
|
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
|
obiero wrote:dunkang wrote:Lolest! wrote:mlennyma wrote:dunkang wrote:mlennyma wrote:Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall Can an I-REIT develop for renting or its restricted to purchase of already developed buildings and renting? I understand D-REIT is for development and selling and not renting out. Lol !!!so the game has rules no wonder the undersubscription I-REITs make money from rental and similar sources, D-REITs make money from development and disposal of real-estate. What am not sure is whether an I-REIT can develop its own property and rent/lease out. Also, if acquiring an already developed asset, they must ensure there is at least 70% occupancy rate and also a minimum of 70% of the profit must be distributed to the shareholders. Question is, a shareholder with minimum allocation atapata how much out of the rent? Rather, what is the total rent collection at greenspan. Maybe atalipwa 80bob per monthly. In the words of Samba Mapangala, u must calculate, calculate..  memories @obiero...especially when Ali Salim Manga was in studio....  Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
|
|
|
Rank: Member Joined: 10/1/2007 Posts: 232
|
obiero wrote:dunkang wrote:Lolest! wrote:mlennyma wrote:dunkang wrote:mlennyma wrote:Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall Can an I-REIT develop for renting or its restricted to purchase of already developed buildings and renting? I understand D-REIT is for development and selling and not renting out. Lol !!!so the game has rules no wonder the undersubscription I-REITs make money from rental and similar sources, D-REITs make money from development and disposal of real-estate. What am not sure is whether an I-REIT can develop its own property and rent/lease out. Also, if acquiring an already developed asset, they must ensure there is at least 70% occupancy rate and also a minimum of 70% of the profit must be distributed to the shareholders. Question is, a shareholder with minimum allocation atapata how much out of the rent? Rather, what is the total rent collection at greenspan. Maybe atalipwa 80bob per monthly. In the words of Samba Mapangala, u must calculate, calculate.. Actually it was Sam Fan Thomas who Sang those words
|
|
|
Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
|
tmatekwa wrote:obiero wrote:dunkang wrote:Lolest! wrote:mlennyma wrote:dunkang wrote:mlennyma wrote:Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall Can an I-REIT develop for renting or its restricted to purchase of already developed buildings and renting? I understand D-REIT is for development and selling and not renting out. Lol !!!so the game has rules no wonder the undersubscription I-REITs make money from rental and similar sources, D-REITs make money from development and disposal of real-estate. What am not sure is whether an I-REIT can develop its own property and rent/lease out. Also, if acquiring an already developed asset, they must ensure there is at least 70% occupancy rate and also a minimum of 70% of the profit must be distributed to the shareholders. Question is, a shareholder with minimum allocation atapata how much out of the rent? Rather, what is the total rent collection at greenspan. Maybe atalipwa 80bob per monthly. In the words of Samba Mapangala, u must calculate, calculate.. Actually it was Sam Fan Thomas who Sang those words Obiero check your facts bwana, that was Sam fan Thomas. It usually came as a chorus of his song. Samba mapangala were Kenyans if in not wrong lol
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
Down the maximum allowed 10% and this should continue to like 5bob "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
|
Yeah...1988...Cameroonian Sam Fan Thomas...the days of "cham ngege cham ngege eeeh" and " tuende tukule, tuende tukuleee, tuende tukule iyoo oooo...tutule cha cha" Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
Today Stanlib-I reit test sub 20.00, ill pretend to be shocked as it plunges further. Who advises these companies that list in a bear market???  The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
Aguytrying wrote:Today Stanlib-I reit test sub 20.00, ill pretend to be shocked as it plunges further. Who advises these companies that list in a bear market??? "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
Aguytrying wrote:Today Stanlib-I reit test sub 20.00, ill pretend to be shocked as it plunges further. Who advises these companies that list in a bear market??? Bear or no bear some people still made money. The expenses of the offer were KShs 174 million, deducted from the offer proceeds. Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
|
sparkly wrote:Aguytrying wrote:Today Stanlib-I reit test sub 20.00, ill pretend to be shocked as it plunges further. Who advises these companies that list in a bear market??? Bear or no bear some people still made money. The expenses of the offer were KShs 174 million, deducted from the offer proceeds. And a shopping mall at KShs.2B. "People" made money, are making money, and will be making money. Receive with simplicity everything that happens to you.” ― Rashi
|
|
|
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
|
There is that strangely located, very good looking, office block at Pangani along Thika Road with no tenants even after +6 months of "Office To Let" banner, why can't the owner do an i-reit and dispose it to unsuspecting Kenyans?  Receive with simplicity everything that happens to you.” ― Rashi
|
|
|
Wazua
»
Investor
»
Property
»
Stanlib I-reit IPO @20/- per unit
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|