Their financials seems to be taking the trajectory of HomeAfrika. Cash is king, losing money is never fun for investors as its normally the first indicator of a poorly performing business.

I have been a big supporter all along but methinks they need to reassess the real Estate market.

Figure out how to really move to the lower middle class market segment and target people who can afford mortgages in the 50K range. Or build and look to offload their real-estate inventories very quick, say in 1 year

another expert on smelling wildlife......this time its a monkey😁😁 wonder where all you soo called "experts on the animal kingdom" were to protect us, the defenseless mwanachis when imperial and chase happened??

@quicksand writes wisely.

You want to invest KShs 100,000, why bother putting it in Cytonn if you have doubts? If you lose money @Horton will not refund you.

There are so many investment options. If you lose money, at least do so dancing to your tune.

I will agree to u sir.

Look all i say here is, if you have a GENUINE reason that this thing is a hoax, kindly state your facts and they will be appreciated. My friends and I are heavy into this thing and so far so good. But if its like 99% of the comments here which are just kelele with no tangibles...then perhaps u stop wasting our time.

Tick tock, this thing will crash watch this space. Anyone seen FY 2016 financials? Shocking what they're doing. Not a single complete project and they're accounting for them as "Investment property" and booking capital gains. Also, 90%+ of their assets is this investment property and yet their key products are cash management solutions i.e. short term.

Another paid advertisment by the competitors. So they have completed Amara Ridge and regarding CMS, as my friend Swenani says, ignorance galore.....😁

If u dont have anything to say, dont say it here

1. CMS is not the key product for Cytonn
2. How would you like them to account for the property they have bought and developing if not as investment property?
3. How would you like them to account for the gain in their properties they are developing?

True, thanks for the fact-based rebuttal. Indeed IAS 40 allows for ongoing construction projects to be accounted for as investment property if in future they will be used as investment property i.e. land held for long-term capital appreciation, land held for a currently undetermined future use, building leased out under an operating lease, vacant building held to be leased out under an operating lease. If the properties are to be sold then they should be accounted for as Inventory with no fair value gains. I think Cytonn are building to sell so the latter should apply with no fair value gains accruing to the company. Am I wrong or ignorant here??? Please check my logic and I'll accept if I'm wrong.


Secondly, the point on CMS is, how are they raising their liquidity. If I'm not wrong (and again correct me if I'm wrong cause that's what Wazua is there for), they are offering high yielding cash products (isn't that CMS). If CMS wasn't a product, why is it accounted for as a liability?

So if a company is raising cash through high yielding cash products and constructing to sell whilst booking fair value gains, doesn't that raise a couple of red flags?