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Fountain Enterprises Programme - FEP
Rank: Elder Joined: 2/8/2013 Posts: 4,068 Location: At Large.
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aemathenge wrote:Bigchick wrote:5 loss making branches of one of their subsidiaries being closed.The micro credit subsidiary to continue lending via mobile plat form the will be rolled out in June.
Tuombe!. Pray which branches are these Mi'Lady? A link, perhaps, for the source of your information, if you may. Sorry for the oversight on the source. Business Daily Feb 14th page 19. I still do not know how to attach links.ππ Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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Rank: Elder Joined: 10/3/2008 Posts: 4,057 Location: Gwitu
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Bigchick wrote:aemathenge wrote:Bigchick wrote:5 loss making branches of one of their subsidiaries being closed.The micro credit subsidiary to continue lending via mobile plat form the will be rolled out in June.
Tuombe!. Pray which branches are these Mi'Lady? A link, perhaps, for the source of your information, if you may. Sorry for the oversight on the source. Business Daily Feb 14th page 19. I still do not know how to attach links.ππ http://www.businessdaily...12132-gh41gm/index.html
Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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let this crap die http://www.businessdaily...812132-gh41gm/index.htmlJohn 5:17 But Jesus replied, βMy Father is always working, and so am I.β
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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HERBLING DAVID, in an article in the Business Daily dated 14 June 2017, asserts that: Quote:Fountain Enterprise Programme (FEP) Group posted Sh 106.01 million profit in the period ended December 2016, compared to a loss of Sh 905.7 million a year earlier. Link to the full report:
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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aemathenge wrote:HERBLING DAVID, in an article in the Business Daily dated 14 June 2017, asserts that: Quote:Fountain Enterprise Programme (FEP) Group posted Sh 106.01 million profit in the period ended December 2016, compared to a loss of Sh 905.7 million a year earlier. Link to the full report: Something to think about "why doesn't this dog die?" It's been 5 years and it's still going . Once the strategic partner wa ict is cemented then .......
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Mobikash shut down by CBK Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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KulaRaha wrote:Mobikash shut down by CBK Any reasons given? or a link? You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Rank: New-farer Joined: 10/29/2018 Posts: 14 Location: Nairobi
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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This is my worst investment decision ever. Lost 100%!!! Never again I find satisfaction in owning great business,not trading them
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Rank: New-farer Joined: 5/31/2018 Posts: 9 Location: kenya
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Poleni. I know atleast two guys that invested 1 million and 600K when FEP came for a tour in Oslo, Norway some 3 years back. And Luckily I discouraged some close people from buying. Watu waliamini hii itakuwa another Equity bank story  My reasoning was simple: Kama the company is so good as they claim nitanunua shares after wamelist NSE. Bado nangojea IPO ya FEP...
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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this thread was started on 5 September 2011.over 7 years ago.how comes we are still talking about Fep. what is so unique that has made Fep stay alive for this long? is there a possibility of the Fep vision living longer than all of us here. I see they have some properties and even a stalled hotel in sagana.with that base can't they redeem themselves? punda amecheka
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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newfarer wrote:this thread was started on 5 September 2011.over 7 years ago.how comes we are still talking about Fep. what is so unique that has made Fep stay alive for this long? is there a possibility of the Fep vision living longer than all of us here. I see they have some properties and even a stalled hotel in sagana.with that base can't they redeem themselves? Punda amechoka!
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Rank: Member Joined: 8/25/2015 Posts: 839 Location: Kite
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newfarer wrote:this thread was started on 5 September 2011.over 7 years ago.how comes we are still talking about Fep. what is so unique that has made Fep stay alive for this long? is there a possibility of the Fep vision living longer than all of us here. I see they have some properties and even a stalled hotel in sagana.with that base can't they redeem themselves? Punda amechoka!
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Rank: Member Joined: 1/1/2011 Posts: 396
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Taurrus wrote:newfarer wrote:this thread was started on 5 September 2011.over 7 years ago.how comes we are still talking about Fep. what is so unique that has made Fep stay alive for this long? is there a possibility of the Fep vision living longer than all of us here. I see they have some properties and even a stalled hotel in sagana.with that base can't they redeem themselves? Punda amechoka! FEP....wot a joke. I think their only saving grace is that they never raised capital like Ekeza SACCO. Otherwise they would be very much in the news.
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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jmbada wrote:Taurrus wrote:newfarer wrote:this thread was started on 5 September 2011.over 7 years ago.how comes we are still talking about Fep. what is so unique that has made Fep stay alive for this long? is there a possibility of the Fep vision living longer than all of us here. I see they have some properties and even a stalled hotel in sagana.with that base can't they redeem themselves? Punda amechoka! FEP....wot a joke. I think their only saving grace is that they never raised capital like Ekeza SACCO. Otherwise they would be very much in the news. They raised a hell lot of it. History will not remember you for your IQ. It will remember you for what you did. βGenius is 1 percent inspiration, 99 percent perspiration.β Thomas Edison
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Rank: Elder Joined: 4/9/2008 Posts: 2,824
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SamuelWachira wrote:Poleni. I know atleast two guys that invested 1 million and 600K when FEP came for a tour in Oslo, Norway some 3 years back. And Luckily I discouraged some close people from buying. Watu waliamini hii itakuwa another Equity bank story My reasoning was simple: Kama the company is so good as they claim nitanunua shares after wamelist NSE. Bado nangojea IPO ya FEP... You should have given that advise here to all of us... now it is too late. When I have money, I get rid of it quickly, lest it find a way into my heart.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Dahatre wrote:There were sooo many clues that this was a scam! For me, it was this video: The vision was good,but implementation was poor. Towards the goal of financial freedom
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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Ebenyo wrote:Dahatre wrote:There were sooo many clues that this was a scam! For me, it was this video: The vision was good,but implementation was poor. this is normal for any startup.it would have been worrying if there was no vision. a start up that survives for 5 years is one that has strong foundation. I understand that FEP has over 6000 acres of land with nearly 400 acres in their name near Daystar Lukenya and some extensive land holdings at the coast. A stalled 4 star hotel in sagana which can be operationised with little effort. A better corporate governance in the new board with business minded board people now. they can rise https://www.fep-group.co...d-board-reconstitution/
another positive for FEP from their published books is that although they have made losses ,all their assets are financed through equity . they do not have those obnoxious bank loans. they have a strong network of over 200k membership which can be used to harness a ready market for various products. their problems seems manageable with good management. it's turnaround is quite easy if they get the right management and partner. punda amecheka
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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newfarer wrote:Ebenyo wrote:Dahatre wrote:There were sooo many clues that this was a scam! For me, it was this video: The vision was good,but implementation was poor. this is normal for any startup.it would have been worrying if there was no vision. a start up that survives for 5 years is one that has strong foundation. I understand that FEP has over 6000 acres of land with nearly 400 acres in their name near Daystar Lukenya and some extensive land holdings at the coast. A stalled 4 star hotel in sagana which can be operationised with little effort. A better corporate governance in the new board with business minded board people now. they can rise https://www.fep-group.co...d-board-reconstitution/
another positive for FEP from their published books is that although they have made losses ,all their assets are financed through equity . they do not have those obnoxious bank loans. they have a strong network of over 200k membership which can be used to harness a ready market for various products. their problems seems manageable with good management. it's turnaround is quite easy if they get the right management and partner. That 400 acres is in dispute, the land in Lukenya was/is owned by families in lots of 40 acres. I find it difficult to believe that they were able to purchase 10 untouched lots in that area. Some families had sold parts and others settled...And I think that is why the real estate project was never started. CITAM claimed to have land somewhere there what happened to that? "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: 3/19/2010 Posts: 3,504 Location: Uganda
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murchr wrote:newfarer wrote:Ebenyo wrote:Dahatre wrote:There were sooo many clues that this was a scam! For me, it was this video: The vision was good,but implementation was poor. this is normal for any startup.it would have been worrying if there was no vision. a start up that survives for 5 years is one that has strong foundation. I understand that FEP has over 6000 acres of land with nearly 400 acres in their name near Daystar Lukenya and some extensive land holdings at the coast. A stalled 4 star hotel in sagana which can be operationised with little effort. A better corporate governance in the new board with business minded board people now. they can rise https://www.fep-group.co...d-board-reconstitution/
another positive for FEP from their published books is that although they have made losses ,all their assets are financed through equity . they do not have those obnoxious bank loans. they have a strong network of over 200k membership which can be used to harness a ready market for various products. their problems seems manageable with good management. it's turnaround is quite easy if they get the right management and partner. That 400 acres is in dispute, the land in Lukenya was/is owned by families in lots of 40 acres. I find it difficult to believe that they were able to purchase 10 untouched lots in that area. Some families had sold parts and others settled...And I think that is why the real estate project was never started. CITAM claimed to have land somewhere there what happened to that? not true .No dispute on the Lukenya land . There are facts and rumours.get the facts. the mother title is under kisima real estate and the land is fully subdivided with individual titles per plot under kisima real estate a subsidiary of FEP.you select a plot ,pay and they give you an option to transfer the plot by yourself or they do it for you. A very open process. I have friends who have bought the land and have titles already transferred in their names. they did a land search and confirmed You can confirm this from their office.and do a land search by yourself. punda amecheka
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