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Cytonn Investments
Rank: Elder Joined: 7/22/2008 Posts: 2,723
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Habari ndiyo hiyo. Cytonn acquires Sh1bn stake in Superior Homes ahead of NSE listingI just hope Ian Henderson will not be crying in the toilet in a few years. If he got cold hard cash then he may be safe but if all he got was shares he needs to be very careful. Superior homes have been in existence for over 10 years and have a beautiful development which everyone can see. They are worth 4 billion shillings. Cytonn has been in existence for less than 5 years. They claim to have 74 billion shillings worth of assets under management. I am not very sophisticated at these mathematics so forgive me if I am a little skeptical.
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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The current rates are:
• 1 month: 12% p.a
• 3 months: 15% p.a
• 6 months: 16% p.a
• 9 months: 17% p.a
• 12 months: 18% p.a
Returns on Cash management solution
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Not defending Cytonn, but how many understand how they are able to offer their rates profitably? How many have visited Amara Ridge or even the Ruaka project? Sehemu ndio nyumba
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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http://www.the-star.co.k...ts-tell-cytonn_c1500792
Quote:Don’t crowd Karen with villa project, residents tell Cytonn
Karen residents have petitioned the Nairobi government and Nema to stop Cytonn Investments Management from putting up villas on the estate.
The proposed Situ Village would include cottages, serviced villas, a shopping centre, clinic, nursery school and recreational and conference centre on 29 acres.
The residents, thorough the Karen-Lang’ata District Association, want Cytonn to halt the construction, saying only one house is allowed per acre in the area.
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Rank: Elder Joined: 10/3/2008 Posts: 4,058 Location: Gwitu
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heri wrote:The current rates are:
• 1 month: 12% p.a
• 3 months: 15% p.a
• 6 months: 16% p.a
• 9 months: 17% p.a
• 12 months: 18% p.a
Returns on Cash management solution Minimum investment Ksh 1M. Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Veteran Joined: 11/2/2006 Posts: 1,206 Location: Nairobi
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kaka2za wrote:heri wrote:The current rates are:
• 1 month: 12% p.a
• 3 months: 15% p.a
• 6 months: 16% p.a
• 9 months: 17% p.a
• 12 months: 18% p.a
Returns on Cash management solution Minimum investment Ksh 1M. What are they investing in to guarantee such high returns? 18%pa? Formally employed people often live their employers' dream & forget about their own.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Mainat wrote:Not defending Cytonn, but how many understand how they are able to offer their rates profitably? How many have visited Amara Ridge or even the Ruaka project? They have a spread of how they invest. Mainly real estate and CPs. CEO has admitted making a minimum of 25% to be able to pay the 18% I have visited Alma. Whats ur question here? This is a serious outfit run by professionals. Something that this economy has been lacking.
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Rank: Elder Joined: 9/15/2006 Posts: 3,907
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Horton wrote:Mainat wrote:Not defending Cytonn, but how many understand how they are able to offer their rates profitably? How many have visited Amara Ridge or even the Ruaka project? They have a spread of how they invest. Mainly real estate and CPs. CEO has admitted making a minimum of 25% to be able to pay the 18% I have visited Alma. Whats ur question here? This is a serious outfit run by professionals. Something that this economy has been lacking. I agree with both @Mainat and @Horton points. @Mainat's point: people just look at 18% as a number (as in bigger than 10%) with no application of risk. Risk is commensurately higher, and compared to Treasury Bond, much much higher. Chase Bank reminded the rate-chasers of that. @Horton's point: what the money is being used for is stated and visible. No one forces investor to put in the money. Do your homework, quantify your risk profile then move ahead.
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Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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Horton wrote:Mainat wrote:Not defending Cytonn, but how many understand how they are able to offer their rates profitably? How many have visited Amara Ridge or even the Ruaka project? They have a spread of how they invest. Mainly real estate and CPs. CEO has admitted making a minimum of 25% to be able to pay the 18% I have visited Alma. Whats ur question here? This is a serious outfit run by professionals. Something that this economy has been lacking. You have spoken much with shedding any light on anything. You will forgive our skepticism, but some of us remember Cytonn landed on the scene and a bare knuckle fight with Britam ensued, with the latter accusing the former of playing fast and loose with their accounts. We might never know the truth after the closed boardroom horse trading but huge, red asterisks will follow these fellows and their dealings wherever they go as far as I am concerned. Madoff anyone? He ran a ponzi scheme right under the noses of the SEC for 20 years. Kwani what is this singularity of investing genius that Cytonn is uniquely blessed with that makes them see opportunities all other business people have missed? The economy is not quantum physics...a fair chunk of sharp people should be able to read it correctly, and if sense says such returns smell fishy given the prevailing environment, they probably are fishy.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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hardwood wrote:http://www.the-star.co.ke/news/2017/02/06/dont-crowd-karen-with-villa-project-residents-tell-cytonn_c1500792 Quote:Don’t crowd Karen with villa project, residents tell Cytonn
Karen residents have petitioned the Nairobi government and Nema to stop Cytonn Investments Management from putting up villas on the estate.
The proposed Situ Village would include cottages, serviced villas, a shopping centre, clinic, nursery school and recreational and conference centre on 29 acres.
The residents, thorough the Karen-Lang’ata District Association, want Cytonn to halt the construction, saying only one house is allowed per acre in the area. Quote:The residents, thorough the Karen-Lang’ata District Association, want Cytonn to halt the construction, saying only one house is allowed per acre in the area.
Cytonn wants to put up 50 serviced villas and 15 cottages. Each villa will be put up on half-an-acre.
The company will also put up a swimming pool, clubhouse, playground, tennis court and a community conference centre. Cytonn also wants to put up a borehole and biodigesters, as well as open spaces and a utility plant. The residents say the land was initially classified as agricultural property, but was changed to mixed use purposes after Cytonn’s application.
They have questioned how the change of user was granted. Residents accused Cytonn of bribing the organisations.
Cytonn said it obtained the approvals legally from the Nairobi government, Nema and the Water Resources Management Authority.
On Saturday, Cytonn chief investments officer Elizabeth Nkukuu said, “In line with one of our key values of integrity, we adhere to and respect the rule of law.” Nema said the project will only have “minimal” effects on the environment. Pesa Nane plans to be shilingi when he grows up.
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