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obiero		#1321 Posted : Saturday, September 01, 2018 6:48:47 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,215 Location: nairobi		sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans KQ ABP 4.26
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sparkly		#1322 Posted : Saturday, September 01, 2018 8:54:28 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		obiero wrote: sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Life is short. Live passionately.
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xxxxx		#1323 Posted : Saturday, September 01, 2018 9:35:06 AM
Rank: Member Joined: 3/20/2008 Posts: 503		sparkly wrote: obiero wrote: sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons
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sparkly		#1324 Posted : Saturday, September 01, 2018 10:14:56 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		xxxxx wrote: sparkly wrote: obiero wrote: sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. Life is short. Live passionately.
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Ericsson		#1325 Posted : Saturday, September 01, 2018 10:35:54 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		sparkly wrote: obiero wrote: sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Check on yesterday's Nation newspaper. Auction by Dalali Traders of four blocks of residential apartments in Migaa Golf Estate, Kiambu County Auction will take place on 12 September 2018 @Dalali Traders offices along Kijabe Street next to Universal Church Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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sparkly		#1326 Posted : Saturday, September 01, 2018 10:42:36 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Ericsson wrote: sparkly wrote: obiero wrote: sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Check on yesterday's Nation newspaper. Auction by Dalali Traders of four blocks of residential apartments in Migaa Golf Estate, Kiambu County Auction will take place on 12 September 2018 @Dalali Traders offices along Kijabe Street next to Universal Church Thanks @Ericson I am advised accordingly. Life is short. Live passionately.
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rwitre		#1327 Posted : Saturday, September 01, 2018 11:02:22 AM
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi		sparkly wrote: Ericsson wrote: sparkly wrote: obiero wrote: sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Check on yesterday's Nation newspaper. Auction by Dalali Traders of four blocks of residential apartments in Migaa Golf Estate, Kiambu County Auction will take place on 12 September 2018 @Dalali Traders offices along Kijabe Street next to Universal Church Thanks @Ericson I am advised accordingly. Worrying signs of Home Afrika's cash flow
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xxxxx		#1328 Posted : Saturday, September 01, 2018 11:26:28 AM
Rank: Member Joined: 3/20/2008 Posts: 503		sparkly wrote: xxxxx wrote: sparkly wrote: obiero wrote: sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. The economy is bleeding. Even if HAL did all the hard work, the properties are not affordable and hence uptake of the properties will always be very slow. The cash flow situation is thus unlikely to improve.. at least not in the short/ medium term. The business model requires heavy cash flow to churn out a good deal of relatively cheap properties as well as operational efficiencies in a difficult economy. HAL doesn't have the ability to combine all these required abilities.
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obiero		#1329 Posted : Saturday, September 01, 2018 12:11:45 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,215 Location: nairobi		xxxxx wrote: sparkly wrote: xxxxx wrote: sparkly wrote: obiero wrote: sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. The economy is bleeding. Even if HAL did all the hard work, the properties are not affordable and hence uptake of the properties will always be very slow. The cash flow situation is thus unlikely to improve.. at least not in the short/ medium term. The business model requires heavy cash flow to churn out a good deal of relatively cheap properties as well as operational efficiencies in a difficult economy. HAL doesn't have the ability to combine all these required abilities. The fact that its bond was undersigned and cancelled tells it all.. I'm actually quite impressed that HAL has been able to survive this far.. I had called its demise about two years ago but its refusing to take a final bow KQ ABP 4.26
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VituVingiSana		#1330 Posted : Saturday, September 01, 2018 5:36:55 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		obiero wrote: xxxxx wrote: sparkly wrote: xxxxx wrote: sparkly wrote: obiero wrote: sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. The economy is bleeding. Even if HAL did all the hard work, the properties are not affordable and hence uptake of the properties will always be very slow. The cash flow situation is thus unlikely to improve.. at least not in the short/ medium term. The business model requires heavy cash flow to churn out a good deal of relatively cheap properties as well as operational efficiencies in a difficult economy. HAL doesn't have the ability to combine all these required abilities. The fact that its bond was undersigned and cancelled tells it all.. I'm actually quite impressed that HAL has been able to survive this far.. I had called its demise about two years ago but its refusing to take a final bow What other loss-making firms does it remind us of? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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