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Nairobi Business Ventures Ltd Listing
Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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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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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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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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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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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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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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murchr wrote:VituVingiSana wrote:Siwesinvest.  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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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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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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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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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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Rank: Member Joined: 1/31/2007 Posts: 303
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tmatekwa wrote:with a trailing PE of 20 before dilution....who wants to be on this matatu? Hii hata matatu haiwesmake  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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Rank: Member Joined: 1/6/2009 Posts: 98
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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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Rank: Member Joined: 9/9/2015 Posts: 233
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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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Rank: Member Joined: 12/3/2008 Posts: 113
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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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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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mwanafunzi wrote: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. Cost. It's cheaper to have a PP [large buyers] then go public [list] than have a IPO and having to print 1,000s of copies of the IM. Plus the fees to the advisers/brokers. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Listed today in a quiet affair. http://live.mystocks.co.ke/stock=nbv
Traded 1,000 shares at KES 8, which is a 60% hike from listing price of KES 5.00. GEMS market living up to its crappy reputation. I don't care what tactics PPT use to try and hype the market. As long as capital is flying into USD, they have an uphill task trying fight the bears! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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hisah wrote:Listed today in a quiet affair. http://live.mystocks.co.ke/stock=nbv
Traded 1,000 shares at KES 8, which is a 60% hike from listing price of KES 5.00. GEMS market living up to its crappy reputation. I don't care what tactics PPT use to try and hype the market. As long as capital is flying into USD, they have an uphill task trying fight the bears! Crappy firm, nothing to do with the USD Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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VituVingiSana wrote:hisah wrote:Listed today in a quiet affair. http://live.mystocks.co.ke/stock=nbv
Traded 1,000 shares at KES 8, which is a 60% hike from listing price of KES 5.00. GEMS market living up to its crappy reputation. I don't care what tactics PPT use to try and hype the market. As long as capital is flying into USD, they have an uphill task trying fight the bears! Crappy firm, nothing to do with the USD Lets wait for their financial results in one year time and see the reality.Someone remind me pliz when that time comes! but i guess the way things are going in nse,very soon even mama mboga will list her business here.If a shoe shiner has done it,even that man selling clothes at gikomba will list in nse and we will trade their shares.Today 1000 shares of a shoe business has been traded.Mama mboga will trade more than 5000 shares a day. Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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85m in revenue and trade price of KES 8 while KQ has annual revenue of over 110b and we say it's worth KES 4.20 per share
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: 12/25/2014 Posts: 2,300 Location: kenya
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obiero wrote:85m in revenue and trade price of KES 8 while KQ has annual revenue of over 110b and we say it's worth KES 4.20 per share Well I'm not financial guru bit I think one is service based and the other is goods based. With goods it's there you can see it and rectify a problem .it's physical stock but hiyo ingine is hard to comprehend. Stand corrected though
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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obiero wrote:85m in revenue and trade price of KES 8 while KQ has annual revenue of over 110b and we say it's worth KES 4.20 per share Your analogy is misleading. There are other metrics to be considered like NAV and EPS when pricing a share. Going by your analogy very few shares would be priced higher than KQ . And I'm not saying this share is trading at fair value, I actually don't know how much it's worth. At least for KQ i know it's worth sub zero.
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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whiteowl wrote:obiero wrote:85m in revenue and trade price of KES 8 while KQ has annual revenue of over 110b and we say it's worth KES 4.20 per share Your analogy is misleading. There are other metrics to be considered like NAV and EPS when pricing a share. Going by your analogy very few shares would be priced higher than KQ . And I'm not saying this share is trading at fair value, I actually don't know how much it's worth. At least for KQ i know it's worth sub zero. ofcourse I had to be economical with fact. but it's true that only Safaricom as the other listed firm at NSE that has higher annual turnover than KQ .. EABL a distant third circa 75B. anyhow, how exactly did you arrive at sub zero valuation.. this is interesting
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:85m in revenue and trade price of KES 8 while KQ has annual revenue of over 110b and we say it's worth KES 4.20 per share Dear Wazuans, don't be fooled by some folks who are out to con you using certain metrics. And if you challenge such folks, be prepared to be insulted. Sincerely, VVS Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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