Wazua
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Cytonn Investments
Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Spoke to one respected wazuan on this thing, he was very convincing but my sixth sense held me back. I am following this very keenly. For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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heri wrote:Horton wrote:I have some cash with Cytonn. Did 1m in Oct 2015 for 3 months at 21% it matured in Jan 2016. I rolled it over for 3 more months @18%. Good thing is they pay monthly. No dramas
For the guy who was asking about USD vs KES, if you were to convert from USD to KES and then back to USD, there could be exchange gains/losses here u need to consider. What if the USD:KES goes from 102,4 to maybe 110?
Also, consider buying the Cytonn shares. They had a private placement last year in March for 10/= per share. They are now :
a) at 40/= and
b) hard to come by
c) there is a plan for listing
The Alma, in Ruaka, we got an early bird offer @4.675m in Sept 2015. Thats for the 1 bed. Up by 900k so far figuratively speaking. are the rates before tax? Do they deduct any costs? Heri, pre-tax rates, very similar to fixed deposit at banks. No other costs
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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KulaRaha wrote:Watch this thread. There will be many guys who lose their money to this scheme.
remember I said it here. Gosh, didnt know u are such a sceptic. Nonetheless, this will go places as you hide your cash under the mattress as its corroded by our good friend Inflation.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Bachuma Gate wrote:Have been getting average of 15% last 4 months from CIC. Am happy here because of the tall uncle called Coop bank ... Major shareholder. Cytonn maybe OK but they can also pull a first like they did at Britam. That bomas project is facing some resistance from majirani.Reason EIA was not transparent. But all in all if they operate above board they will go places. Bachuma hii 15% ni per year or every four months and what's the minimum deposit needed? Hope not 1,000,000 like cytonn. Though who would want to spread their risk.need four people 250k each then sign agreement na lawyers wa cytonn on the four people contributing and accounts to be credited at the end of one year or four months roll over. Just a thought.need ideas
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Rank: Member Joined: 8/27/2010 Posts: 495 Location: Nairobi
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Food for thought: Quote:Cytonn pays Sh220m debt owed to Finnish PE firm
Cytonn Investments has paid Sh220 million owed to Finnish PE firm Taaleritehdas Private Equity Funds (TTA), giving the fund what Cytton said is a return of 54 per cent on the short-term debt.
Cytonn chief investment officer Elizabeth Nkukuu said the Sh220 million payment is inclusive of total returns due to the Finnish firm.
The note was part of the Sh1.4 billion Cytonn raised in September from local and foreign investors in a private placement to fund its real estate projects.
The debt was used as bridging financing for some of the firm’s real estate projects. Payment of such notes usually indicates that the borrower has secured longer-term financing from financial institutions at lower interest rates.
READ: Cytonn, Finnish firm break ground for Sh1bn Karen homes
“The note was structured at a market rate cost of funds of 18 per cent plus participation in the capital appreciation achieved during the period the note was outstanding, bringing the total annualised return earned by TTA to 54 per cent,” said Ms Nkukuu in a statement.
“TTA has financed over Sh2 billion of Cytonn projects and we are very glad to have demonstrated to them our capabilities in structured financing and commitment to our financiers by starting to return some of that capital in less than a year.”
The two firms are partnering in real-estate projects, including the high-end Amara Ridge in Karen worth Sh1 billion. http://www.businessdaily...2/-/fxi08a/-/index.html
Very good retutns.... Sent from my Black Nokia 3310
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Ash Ock wrote:Food for thought: Quote:Cytonn pays Sh220m debt owed to Finnish PE firm
Cytonn Investments has paid Sh220 million owed to Finnish PE firm Taaleritehdas Private Equity Funds (TTA), giving the fund what Cytton said is a return of 54 per cent on the short-term debt.
Cytonn chief investment officer Elizabeth Nkukuu said the Sh220 million payment is inclusive of total returns due to the Finnish firm.
The note was part of the Sh1.4 billion Cytonn raised in September from local and foreign investors in a private placement to fund its real estate projects.
The debt was used as bridging financing for some of the firm’s real estate projects. Payment of such notes usually indicates that the borrower has secured longer-term financing from financial institutions at lower interest rates.
READ: Cytonn, Finnish firm break ground for Sh1bn Karen homes
“The note was structured at a market rate cost of funds of 18 per cent plus participation in the capital appreciation achieved during the period the note was outstanding, bringing the total annualised return earned by TTA to 54 per cent,” said Ms Nkukuu in a statement.
“TTA has financed over Sh2 billion of Cytonn projects and we are very glad to have demonstrated to them our capabilities in structured financing and commitment to our financiers by starting to return some of that capital in less than a year.”
The two firms are partnering in real-estate projects, including the high-end Amara Ridge in Karen worth Sh1 billion. http://www.businessdaily...2/-/fxi08a/-/index.html
Very good retutns.... Bright minds .whose willing to spread risks .need four people on board
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Rank: Member Joined: 3/18/2008 Posts: 377
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I am with @ KulaRaha on this one. Time will tell. "You've never lived until you've almost died; for those who have fought for it, life has a flavour the protected will never know."
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Rank: Member Joined: 3/26/2012 Posts: 280
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15%pa. The rate for money market funds are allows in the papers business page. Equity was offering 17% at some point. DOH
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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KulaRaha wrote:Watch this thread. There will be many guys who lose their money to this scheme.
remember I said it here. I'm watching from the sidelines too.If anyone wants above market rates they should go into business or tenderpreneurship.
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