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Cytonn Investments
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Rollout
#141 Posted : Thursday, April 14, 2016 11:20:35 PM
Rank: Member

Joined: 4/26/2011
Posts: 759
murchr wrote:
Rollout wrote:
I spent 20 min on Cynton website and It made me uncomfortable. the 5 billion they've raised goes into 3 project.

*10 crazy looking mansions investment total, Ksh 625M or kshs 62.5m each
** Crazy/Hollywood kind mansions total, kshs 3.05B

*** Overpriced flats( 1 bedroom ~kshs 5M) total price kshs 1.6b

Make your judgement

Those who want to exit, what are you exiting from? the houses are not done, there is currently no underlying asset tied to your investment, the only way to exit is if they pay you off other people's capital.



@Drunkard Where the hell have you been?


@Murchr, power rationing.
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enyands
#142 Posted : Thursday, April 14, 2016 11:35:00 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Rollout wrote:
murchr wrote:
Rollout wrote:
I spent 20 min on Cynton website and It made me uncomfortable. the 5 billion they've raised goes into 3 project.

*10 crazy looking mansions investment total, Ksh 625M or kshs 62.5m each
** Crazy/Hollywood kind mansions total, kshs 3.05B

*** Overpriced flats( 1 bedroom ~kshs 5M) total price kshs 1.6b

Make your judgement

Those who want to exit, what are you exiting from? the houses are not done, there is currently no underlying asset tied to your investment, the only way to exit is if they pay you off other people's capital.



@Drunkard Where the hell have you been?


@Murchr, power rationing.



Watching from over the fence .
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Rollout
#143 Posted : Thursday, April 14, 2016 11:36:17 PM
Rank: Member

Joined: 4/26/2011
Posts: 759
Let me get this right, Cytonn borrowed Kshs 143M and paid back Kshs 220M within a year for 54% return and you call these guys smart?

It's not like they made some crazy return on investment because their properties are still in development stage so what they did is collected money from investors to pay off PE firm for the capital the PE provided plus investment return of 54%( where did Cytonn get 54%?)
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  | | Edit by user: Thursday, April 14, 2016 11:38 PM | Reason: Not specified
murchr
#144 Posted : Thursday, April 14, 2016 11:59:00 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Rollout wrote:
Let me get this right, Cytonn borrowed Kshs 143M and paid back Kshs 220M within a year for 54% return and you call these guys smart?

It's not like they made some crazy return on investment because their properties are still in development stage so what they did is collected money from investors to pay off PE firm for the capital the PE provided plus investment return of 54%( where did Cytonn get 54%?)


What now and these are CPA's and CFA's....surely they know what they doing no?! Laughing out loudly

Unbelievable! And the media reports it as if its to Cytonns favor. People are the menu here yet they think they are at the table.
"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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enyands
#145 Posted : Friday, April 15, 2016 12:04:28 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
murchr wrote:
Rollout wrote:
Let me get this right, Cytonn borrowed Kshs 143M and paid back Kshs 220M within a year for 54% return and you call these guys smart?

It's not like they made some crazy return on investment because their properties are still in development stage so what they did is collected money from investors to pay off PE firm for the capital the PE provided plus investment return of 54%( where did Cytonn get 54%?)


What now and these are CPA's and CFA's....surely they know what they doing no?! Laughing out loudly

Unbelievable! And the media reports it as if its to Cytonns favor. People are the menu here yet they think they are at the table.



Rollout smart analysis. @horton what sayeth you ??
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Horton
#146 Posted : Friday, April 15, 2016 8:06:12 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Hehe u guys are like a small gang, im sure ur enjoying the comradery 😂 Just tells you that paid advertising (read trolling) of akina paul works.

Ok so I asked them way back when this "news" was news and the explatiin I got was more than adequate to satisfy my curiosity. What I got (not that it makes a difference here as you have all clearly made up your minds) was that it was a mixed investment by taaleri not just debt (ie profits from the venture included as part was an investment by taaleri). i do my homework 😎

I think if anyone give me good credible stuff I am as willing to listen just like the next guy, however so far all I hear is slander, hate and poor arguments. Anyone?? Just curious why some of the "geniuses" here never saw chase coming....some of the guys here even put money on the bonds of imperial. Jes saying....

Just PS 80% of Amara ridge is sold.

In sumation, i have wasted enough of my time here on "issues" that dont exist. For those of you who want to invest, definately do, in my opinion it is a great company. They answer all your questions leaving you no doubt that you are in safe hands. and those of you who dont want to, then dont. Remember what Buffett said "be greedy whn others are fearful and fearful when others are greedy" buy your shares before they get to expensive levels if u wanna 😉
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  | | Edit by user: Friday, April 15, 2016 8:12 AM | Reason: Not specified
Angelica _ann
#147 Posted : Friday, April 15, 2016 8:08:38 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
This is a young company being run by brilliant young minds, give them time.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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enyands
#148 Posted : Friday, April 15, 2016 8:13:01 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Where is paulkimani? He should be here talking too right?? this came up because of him?
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paulkimani
#149 Posted : Friday, April 15, 2016 8:15:06 AM
Rank: Member

Joined: 1/19/2016
Posts: 204
I pointed out my concerns. The CEO decided to respond to comments on the star. Now some comments are deleted. When the CEO gets worried over (us little people as you all seem to think we are) thats when you know you have hit a nail on the head.

Horton FYI - amara ridge has 10 houses and was done via JOINT VENTURE. 4 of those houses are being kept by the land owner which means only 4 have actually been bought - therefore only 40% have actually been SOLD. Cytonn kept claiming the development was in Karen when infact its in langata. Only recently have they stopped saying "karen"when talking about it.

Chase, Imperial etc - yes most didn't see it coming. Because as Kenyans as long as there is good "customer service"we smile and enjoy and don't ask the questions.

I have asked mine. I don't need to respond to all of your queries just like you Horton/Edwin can't give any validation as to why you are Cytonn's biggest fan!

I have my opinions and have aired them. Some people are now questioning which is not a bad thing - don't think people can only have one frame of mind!
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  | | Edit by user: Friday, April 15, 2016 8:21 AM | Reason: Not specified
paulkimani
#150 Posted : Friday, April 15, 2016 8:24:24 AM
Rank: Member

Joined: 1/19/2016
Posts: 204
Please don't underestimate my knowledge of the company. You may have invested with them, I have also done my homework becuase I was not "Satisfied" with their answers. Just like Chase customers shouldn't have been "Satisfied" with good customer service and all talk.
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