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Nairobi Business Ventures Ltd Listing
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enyands
#21 Posted : Tuesday, June 14, 2016 9:58:08 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ebenyo wrote:
mkate_nusu wrote:
Ebenyo wrote:
Pesa Nane wrote:
Ebenyo wrote:
where is their latest financial statement?


e
summary


operating costs are increasing yoy.
whats their core business?


Selling shoes

Really? then they wont beat second hand shoes traders.Their business lacks a competitive edge.


We have shoes trickling in from China . I don't know what end people are these people targeting . If there was a regulation about mtumba then it will make sense .but we see containers and containers of shoes from China. It will be an uphill sell for them
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Ericsson
#22 Posted : Tuesday, June 14, 2016 11:07:50 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
GEMs market is being abused.Either it should be abolished or CMA ammend it's laws so that we have serious companies being listed there.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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alotoftalk
#23 Posted : Tuesday, June 14, 2016 11:28:57 PM
Rank: Member

Joined: 8/27/2015
Posts: 138
Location: Harare
Ericsson wrote:
GEMs market is being abused.Either it should be abolished or CMA amend it's laws so that we have serious companies being listed there.


GEMS is a good platform for small companies similar to NASDAQ small cap. In my opinion what lacks is a strong compliance from the CMA. CMA needs to step its game on stuff like of the quality of reporting, disclosure of conflicts of interests/risks and even limiting certain investors from making investments in the GEMS. GEMS should be treated more as an OTC for sophisticated investors.
Investment philosophy development in progress...
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VituVingiSana
#24 Posted : Wednesday, June 15, 2016 9:25:14 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
murchr wrote:
VituVingiSana wrote:
Siwesinvest.


Laughing out loudly You have no love of shoes?
I do not trust the numbers. I do not know anything about the management but I will stay out.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mkate_nusu
#25 Posted : Wednesday, June 15, 2016 5:36:13 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
alotoftalk wrote:
Ericsson wrote:
GEMs market is being abused.Either it should be abolished or CMA amend it's laws so that we have serious companies being listed there.


GEMS is a good platform for small companies similar to NASDAQ small cap. In my opinion what lacks is a strong compliance from the CMA. CMA needs to step its game on stuff like of the quality of reporting, disclosure of conflicts of interests/risks and even limiting certain investors from making investments in the GEMS. GEMS should be treated more as an OTC for sophisticated investors.


Invest at your own risk
KEGN, KPLC, KQ, SCOM
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sparkly
#26 Posted : Wednesday, June 15, 2016 6:09:42 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mkate_nusu wrote:
alotoftalk wrote:
Ericsson wrote:
GEMs market is being abused.Either it should be abolished or CMA amend it's laws so that we have serious companies being listed there.


GEMS is a good platform for small companies similar to NASDAQ small cap. In my opinion what lacks is a strong compliance from the CMA. CMA needs to step its game on stuff like of the quality of reporting, disclosure of conflicts of interests/risks and even limiting certain investors from making investments in the GEMS. GEMS should be treated more as an OTC for sophisticated investors.


Invest at your own risk

Gems is only for very sophisticated investors who appreciate all the risks.
Portfolio investors better keep to the Big Caps
Life is short. Live passionately.
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  | | Edit by user: Wednesday, June 15, 2016 6:11 PM | Reason: Not specified
moneydust
#27 Posted : Wednesday, June 15, 2016 7:40:09 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
tmatekwa wrote:
with a trailing PE of 20 before dilution....who wants to be on this matatu?


Hii hata matatu haiwesmakeShame on you Shame on you Shame on you labda ni mkokoteni imetoka wakulima market fully loaded with bags of potatoes being pushed up a steep hill by a dishevelled serial changaa imbiber.This is a danger to everyone on its path.
Watch out!!!!
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Msa Liti
#28 Posted : Wednesday, June 15, 2016 11:35:14 PM
Rank: Member

Joined: 1/6/2009
Posts: 98
Pesa Nane wrote:
Ebenyo wrote:
where is their latest financial statement?


summary




My deductions from this:

Guys are making a kill in SME. These guys do not have more than 10 shops in NBO but made sales ~ 100m. Employment is shit.

It is expensive to do biz in Kenya. I guess the main item is rent with the notorious goodwill charged probably at play. Financing costs come later years and are high as well
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The Great
#29 Posted : Thursday, June 16, 2016 8:36:22 AM
Rank: Member

Joined: 9/9/2015
Posts: 233
When you read company reports, keep in mind the publisher/company's interest in writing it. What is he trying to achieve? Truth is always relative in marketing
"Buy when there's blood in the streets, even if the blood is your own."
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mwanafunzi
#30 Posted : Thursday, June 16, 2016 10:50:55 AM
Rank: Member

Joined: 12/3/2008
Posts: 113
Msa Liti wrote:
Pesa Nane wrote:
Ebenyo wrote:
where is their latest financial statement?


summary




My deductions from this:

Guys are making a kill in SME. These guys do not have more than 10 shops in NBO but made sales ~ 100m. Employment is shit.

It is expensive to do biz in Kenya. I guess the main item is rent with the notorious goodwill charged probably at play. Financing costs come later years and are high as well


Why have a private placement just before listing. That Audit firm (Swaly and Co), anyone heard of it. truly GEMs' not for the faint hearted.
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