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Cytonn Investments
Rank: Veteran Joined: 7/8/2008 Posts: 947
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I love reading their reports because you can see the reasoning and breakdown with data on the property market. This report is very insightful. That said I wonder how much it would cost for the detailed report? I am especially interested in the CBD data and details. Is that data for sale?? Anyway if this is a free report and if Cytonn takes this level of diligence with their investments I can only conclude that they will be a big success!
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Cytonn eyes Sh5bn bond in Kiambu housing plansQuote:Real estate-focused private equity fund Cytonn plans to float a Sh5 billion housing bond by year-end, partly to finance projects that should deliver more than 600 units to the market.
The PE firm is seeking a financial consultant to steer the listing of the proposed mid-term note and advise on the tenor, pricing and tax-exemption eligibility of the debt security to be listed on the Nairobi Securities Exchange. Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 2/25/2010 Posts: 158
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enyands wrote:sparkly wrote:eco wrote:The growth of Cytonn Investments within the past one year is phenomenal. This is a company to watch for long-term private equity investors like myself. I am on-board! They are very aggressive. Edwin, Arora, Liz seem to know their stuff. What I like about them is that there is a legal contract between the two of you guys, ..unlike FEP,unaitas and others where there is no such.downside is the minimum deposit .they want 1 million minimum deposit. Is there anyone who has experience with these guys I lost some 500,000 investment in Homeafrika. Any company that comes with alot media hype is a no go for me. Too much money is spent in attracting new business. Very aggressive marketing strategies. No way. Keeping it all in the family
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Rank: New-farer Joined: 10/19/2015 Posts: 21 Location: Everywhere
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anika66 wrote:enyands wrote:sparkly wrote:eco wrote:The growth of Cytonn Investments within the past one year is phenomenal. This is a company to watch for long-term private equity investors like myself. I am on-board! They are very aggressive. Edwin, Arora, Liz seem to know their stuff. What I like about them is that there is a legal contract between the two of you guys, ..unlike FEP,unaitas and others where there is no such.downside is the minimum deposit .they want 1 million minimum deposit. Is there anyone who has experience with these guys I lost some 500,000 investment in Homeafrika. Any company that comes with alot media hype is a no go for me. Too much money is spent in attracting new business. Very aggressive marketing strategies. No way. 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.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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grahamsdisciple wrote:anika66 wrote:enyands wrote:sparkly wrote:eco wrote:The growth of Cytonn Investments within the past one year is phenomenal. This is a company to watch for long-term private equity investors like myself. I am on-board! They are very aggressive. Edwin, Arora, Liz seem to know their stuff. What I like about them is that there is a legal contract between the two of you guys, ..unlike FEP,unaitas and others where there is no such.downside is the minimum deposit .they want 1 million minimum deposit. Is there anyone who has experience with these guys I lost some 500,000 investment in Homeafrika. Any company that comes with alot media hype is a no go for me. Too much money is spent in attracting new business. Very aggressive marketing strategies. No way. 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. Ignorance galore If Obiero did it, Who Am I?
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Swenani wrote:grahamsdisciple wrote:anika66 wrote:enyands wrote:sparkly wrote:eco wrote:The growth of Cytonn Investments within the past one year is phenomenal. This is a company to watch for long-term private equity investors like myself. I am on-board! They are very aggressive. Edwin, Arora, Liz seem to know their stuff. What I like about them is that there is a legal contract between the two of you guys, ..unlike FEP,unaitas and others where there is no such.downside is the minimum deposit .they want 1 million minimum deposit. Is there anyone who has experience with these guys I lost some 500,000 investment in Homeafrika. Any company that comes with alot media hype is a no go for me. Too much money is spent in attracting new business. Very aggressive marketing strategies. No way. 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. Ignorance galore 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
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Rank: New-farer Joined: 10/19/2015 Posts: 21 Location: Everywhere
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Horton wrote:Swenani wrote:grahamsdisciple wrote:anika66 wrote:enyands wrote:sparkly wrote:eco wrote:The growth of Cytonn Investments within the past one year is phenomenal. This is a company to watch for long-term private equity investors like myself. I am on-board! They are very aggressive. Edwin, Arora, Liz seem to know their stuff. What I like about them is that there is a legal contract between the two of you guys, ..unlike FEP,unaitas and others where there is no such.downside is the minimum deposit .they want 1 million minimum deposit. Is there anyone who has experience with these guys I lost some 500,000 investment in Homeafrika. Any company that comes with alot media hype is a no go for me. Too much money is spent in attracting new business. Very aggressive marketing strategies. No way. 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. Ignorance galore 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 https://www.cytonn.com/d..._Audited_Financials.pdf
Check financials. I thought this was a forum for open debate and discussion. If you have a point, then correct my logic using facts rather than calling me ignorant or saying that I have nothing to say. I though Wazua was one of the few forums where people actually exchange ideas. Review financials, check balance sheet, read notes 4 - 30.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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grahamsdisciple wrote:Horton wrote:Swenani wrote:grahamsdisciple wrote:anika66 wrote:enyands wrote:sparkly wrote:eco wrote:The growth of Cytonn Investments within the past one year is phenomenal. This is a company to watch for long-term private equity investors like myself. I am on-board! They are very aggressive. Edwin, Arora, Liz seem to know their stuff. What I like about them is that there is a legal contract between the two of you guys, ..unlike FEP,unaitas and others where there is no such.downside is the minimum deposit .they want 1 million minimum deposit. Is there anyone who has experience with these guys I lost some 500,000 investment in Homeafrika. Any company that comes with alot media hype is a no go for me. Too much money is spent in attracting new business. Very aggressive marketing strategies. No way. 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. Ignorance galore 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 https://www.cytonn.com/d..._Audited_Financials.pdf
Check financials. I thought this was a forum for open debate and discussion. If you have a point, then correct my logic using facts rather than calling me ignorant or saying that I have nothing to say. I though Wazua was one of the few forums where people actually exchange ideas. Review financials, check balance sheet, read notes 4 - 30. 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? If Obiero did it, Who Am I?
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Rank: Elder Joined: 10/3/2008 Posts: 4,058 Location: Gwitu
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Swenani wrote:grahamsdisciple wrote:Horton wrote:Swenani wrote:grahamsdisciple wrote:anika66 wrote:enyands wrote:sparkly wrote:eco wrote:The growth of Cytonn Investments within the past one year is phenomenal. This is a company to watch for long-term private equity investors like myself. I am on-board! They are very aggressive. Edwin, Arora, Liz seem to know their stuff. What I like about them is that there is a legal contract between the two of you guys, ..unlike FEP,unaitas and others where there is no such.downside is the minimum deposit .they want 1 million minimum deposit. Is there anyone who has experience with these guys I lost some 500,000 investment in Homeafrika. Any company that comes with alot media hype is a no go for me. Too much money is spent in attracting new business. Very aggressive marketing strategies. No way. 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. Ignorance galore 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 https://www.cytonn.com/d..._Audited_Financials.pdf
Check financials. I thought this was a forum for open debate and discussion. If you have a point, then correct my logic using facts rather than calling me ignorant or saying that I have nothing to say. I though Wazua was one of the few forums where people actually exchange ideas. Review financials, check balance sheet, read notes 4 - 30. 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? CMS is used as source of funds. It's equivalent to borrowing. Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: New-farer Joined: 10/19/2015 Posts: 21 Location: Everywhere
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kaka2za wrote:Swenani wrote:grahamsdisciple wrote:Horton wrote:Swenani wrote:grahamsdisciple wrote:anika66 wrote:enyands wrote:sparkly wrote:eco wrote:The growth of Cytonn Investments within the past one year is phenomenal. This is a company to watch for long-term private equity investors like myself. I am on-board! They are very aggressive. Edwin, Arora, Liz seem to know their stuff. What I like about them is that there is a legal contract between the two of you guys, ..unlike FEP,unaitas and others where there is no such.downside is the minimum deposit .they want 1 million minimum deposit. Is there anyone who has experience with these guys I lost some 500,000 investment in Homeafrika. Any company that comes with alot media hype is a no go for me. Too much money is spent in attracting new business. Very aggressive marketing strategies. No way. 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. Ignorance galore 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 https://www.cytonn.com/d..._Audited_Financials.pdf
Check financials. I thought this was a forum for open debate and discussion. If you have a point, then correct my logic using facts rather than calling me ignorant or saying that I have nothing to say. I though Wazua was one of the few forums where people actually exchange ideas. Review financials, check balance sheet, read notes 4 - 30. 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? CMS is used as source of funds. It's equivalent to borrowing. 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?
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