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Kurwitu HY16
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Take 1  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Take 2: Financial Wizardry  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Why are we forebearing and understanding them? And what do these people do again? "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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Rank: Elder Joined: 6/23/2009 Posts: 13,759 Location: nairobi
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murchr wrote:Why are we forebearing and understanding them? And what do these people do again? Staff costs are 12 times over the revenue.. Terrible fundamentals
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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obiero wrote:murchr wrote:Why are we forebearing and understanding them? And what do these people do again? Staff costs are 12 times over the revenue.. Terrible fundamentals Ugly.  "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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Rank: Chief Joined: 1/3/2007 Posts: 18,209 Location: Nairobi
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Kurwitu. A cousin of KQ. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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This company is a shell that either needs to state what their strategy is [future M&A through reverse mergers? what products they are developing?]or close shop. Otherwise what's the purpose of listing if there are no products, services or plans for either?? Investment philosophy development in progress...
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Since when did Foreign Exchange Gain get treated as revenue or do we have a different accounting standard for sharia compliance? Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 12/7/2012 Posts: 11,919
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Gatheuzi wrote:Since when did Foreign Exchange Gain get treated as revenue or do we have a different accounting standard for sharia compliance? What if they trade in FX? 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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Junk stock. NSE should dedicate another segment for such. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 8/14/2009 Posts: 244
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They pay Ksh 12m to staff who earn the company Ksh 0.5m in six months
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Rank: Elder Joined: 12/7/2012 Posts: 11,919
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It is good this share was too expensive for Wanjiku otherwise people would be crying kabisa. Let them burn themselves, nobody gets hurt. Just spoiling the reputation of NSE. 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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Rank: New-farer Joined: 5/21/2013 Posts: 72 Location: KENYA
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This thing is a living breathing scam, sent from the pits of the financial abyss. “The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Is this the share that was priced so highly the trading would feel like an over the counter transfer because one could know from whom they were getting the shares from..... African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Member Joined: 8/14/2009 Posts: 244
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They pay Ksh 12m to staff who earn the company Ksh 0.5m in six months
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Angelica _ann wrote:It is good this share was too expensive for Wanjiku otherwise people would be crying kabisa. Let them burn themselves, nobody gets hurt. Just spoiling the reputation of NSE. Why do the people in charge allow such crap companies to list? possunt quia posse videntur
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Je suis embarrassé Quote:Kurwitu Ventures 1H16 Results
Kurwitu Ventures announced their 1h16 results, recording a Loss after Tax of KES 7.17 MN up from a Loss after Tax of KES 15.43 MN recorded in 1H15. Interim EPS stood at
KES -70.12. The company recorded an operating loss of KES 10.2 MN. Finance cost declined 42.1% y-o-y to KES 14,751. Total assets declined 2.8% y-o-y to KES 135.7 MN
courtesy of a 12.0% y-o-y decline in current assets to KES 27.3 MN. (Source: Business Daily, Dyer and Blair Research) Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/23/2009 Posts: 13,759 Location: nairobi
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VituVingiSana wrote:Kurwitu. A cousin of KQ. Nobody has responded to ur childlike comment so I might as well give you the pleasure..
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 1/3/2007 Posts: 18,209 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Kurwitu. A cousin of KQ. Nobody has responded to ur childlike comment so I might as well give you the pleasure..  Thank you! My bad. I should not point out firms that make losses year in, year out. My bad. Kurwitu doesn't have Negative Equity. Yet. My apologies to Kurwitu. My bad. Kurwitu unlike KQ doesn't rely on Taxpayer's cash. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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