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Kevian/Afia Juice IPO
Rank: Elder Joined: 4/30/2008 Posts: 6,029
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https://www.businessdail...92788-a8iteq/index.html
For those who want to be shafted by this pseudo billionaire and crook, IPO is here..
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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mawinder wrote:https://www.businessdailyafrica.com/corporate/companies/Afia-juice-billionaire-owner-announces-NSE-listing-plans/4003102-4892788-a8iteq/index.html
For those who want to be shafted by this pseudo billionaire and crook, IPO is here.. After Atlas, NBV, and Deacons, Wanjiku is wiser. New listings are welcomed. However, they will be thoroughly scrutinized. I recall Nakumatt also wanted to list before all these debacles started. Imagine what would have been had investors got trapped inside. Of note is that the cash-cows (Sportpesa) have refused to list.  Let Kimani Rugendo open the Afia books and have the numbers speak for themselves.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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rwitre wrote:mawinder wrote:https://www.businessdailyafrica.com/corporate/companies/Afia-juice-billionaire-owner-announces-NSE-listing-plans/4003102-4892788-a8iteq/index.html
For those who want to be shafted by this pseudo billionaire and crook, IPO is here.. After Atlas, NBV, and Deacons, Wanjiku is wiser. New listings are welcomed. However, they will be thoroughly scrutinized. I recall Nakumatt also wanted to list before all these debacles started. Imagine what would have been had investors got trapped inside. Of note is that the cash-cows (Sportpesa) have refused to list. Let Kimani Rugendo open the Afia books and have the numbers speak for themselves. Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts. Towards the goal of financial freedom
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Rank: Member Joined: 1/1/2011 Posts: 396
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Ebenyo wrote:rwitre wrote:mawinder wrote:https://www.businessdailyafrica.com/corporate/companies/Afia-juice-billionaire-owner-announces-NSE-listing-plans/4003102-4892788-a8iteq/index.html
For those who want to be shafted by this pseudo billionaire and crook, IPO is here.. After Atlas, NBV, and Deacons, Wanjiku is wiser. New listings are welcomed. However, they will be thoroughly scrutinized. I recall Nakumatt also wanted to list before all these debacles started. Imagine what would have been had investors got trapped inside. Of note is that the cash-cows (Sportpesa) have refused to list. Let Kimani Rugendo open the Afia books and have the numbers speak for themselves. Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts. Ala! Where from?
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Ebenyo wrote:
Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts.
How can this billionaire be having debts?I remember reading somewhere that his afya juices are giving coca-cola a run for their money..so where does he take the cash from sales?
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Chaka wrote:Ebenyo wrote:
Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts.
How can this billionaire be having debts?I remember reading somewhere that his afya juices are giving coca-cola a run for their money..so where does he take the cash from sales? He is not a billionaire.This is a pseudo billionaire.Afia juices giving Coca-Cola competition is a creation of the media who write whatever one wants after being bought lunch and receiving a handout of Kshs 5,000.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Chaka wrote:[quote=Ebenyo]
Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts.
How can this billionaire be having debts?I remember reading somewhere that his afya juices are giving coca-cola a run for their money..so where does he take the cash from sales? [/quote ................................................................................................................................................... Look at this: https://www.google.com/u...w3lQK5AmEri5JdwOc4uzbRV
Towards the goal of financial freedom
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Ebenyo wrote:Chaka wrote:[quote=Ebenyo]
Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts.
How can this billionaire be having debts?I remember reading somewhere that his afya juices are giving coca-cola a run for their money..so where does he take the cash from sales? [/quote ................................................................................................................................................... Look at this: https://www.google.com/u...w3lQK5AmEri5JdwOc4uzbRV
Another of his crap below: https://www.standardmedi...embroiled-in-land-tussle
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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mawinder wrote:https://www.businessdailyafrica.com/corporate/companies/Afia-juice-billionaire-owner-announces-NSE-listing-plans/4003102-4892788-a8iteq/index.html
For those who want to be shafted by this pseudo billionaire and crook, IPO is here.. Run babe run! Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Skeletons are already crawling out of the closet on this one.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ebenyo wrote:rwitre wrote:mawinder wrote:https://www.businessdailyafrica.com/corporate/companies/Afia-juice-billionaire-owner-announces-NSE-listing-plans/4003102-4892788-a8iteq/index.html
For those who want to be shafted by this pseudo billionaire and crook, IPO is here.. After Atlas, NBV, and Deacons, Wanjiku is wiser. New listings are welcomed. However, they will be thoroughly scrutinized. I recall Nakumatt also wanted to list before all these debacles started. Imagine what would have been had investors got trapped inside. Of note is that the cash-cows (Sportpesa) have refused to list. Let Kimani Rugendo open the Afia books and have the numbers speak for themselves. Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts. I would like to play the devils advocate. This is half knowledge. He hired a firm to be the security guys. Under their keen eye, they lost 16-20m of items. He refused to pay them for services not rendered. They took him to court for a 2.5M Bob wind down 🤦🏽♂️🤦🏽♂️🤦🏽♂️ Tell me here who doesn’t know someone who doesn’t drink Afia/PnP?
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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There is no need to waste time doing "research" for an potential GEMS section listing.They all declare profits one year before listing then its downhill from there.Home África,Atlas etc
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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mawinder wrote:Ebenyo wrote:Chaka wrote:[quote=Ebenyo]
Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts.
How can this billionaire be having debts?I remember reading somewhere that his afya juices are giving coca-cola a run for their money..so where does he take the cash from sales? [/quote ................................................................................................................................................... Look at this: https://www.google.com/u...w3lQK5AmEri5JdwOc4uzbRV
Another of his crap below: https://www.standardmedi...mbroiled-in-land-tussle As a potential investor you should be looking at the company's books and not village gossip about the ceo.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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hardwood wrote:mawinder wrote:Ebenyo wrote:Chaka wrote:[quote=Ebenyo]
Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts.
How can this billionaire be having debts?I remember reading somewhere that his afya juices are giving coca-cola a run for their money..so where does he take the cash from sales? [/quote ................................................................................................................................................... Look at this: https://www.google.com/u...w3lQK5AmEri5JdwOc4uzbRV
Another of his crap below: https://www.standardmedi...mbroiled-in-land-tussle As a potential investor you should be looking at the company's books and not village gossip about the ceo. Obviously the books by such a character are "good" for the purposes of prospectus and IPO..After IPO is when you realize the true books
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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hardwood wrote:mawinder wrote:Ebenyo wrote:Chaka wrote:[quote=Ebenyo]
Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts.
How can this billionaire be having debts?I remember reading somewhere that his afya juices are giving coca-cola a run for their money..so where does he take the cash from sales? [/quote ................................................................................................................................................... Look at this: https://www.google.com/u...w3lQK5AmEri5JdwOc4uzbRV
Another of his crap below: https://www.standardmedi...mbroiled-in-land-tussle As a potential investor you should be looking at the company's books and not village gossip about the ceo. All info needs to be verified as much as possible but the character of the CEO is also important eg after my experience with matu of olympia, I would think long and hard before I touch anything he was involved in. Naikuni, Mbugua of KQ Merali But to each his own. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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VituVingiSana wrote:hardwood wrote:mawinder wrote:Ebenyo wrote:Chaka wrote:[quote=Ebenyo]
Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts.
How can this billionaire be having debts?I remember reading somewhere that his afya juices are giving coca-cola a run for their money..so where does he take the cash from sales? [/quote ................................................................................................................................................... Look at this: https://www.google.com/u...w3lQK5AmEri5JdwOc4uzbRV
Another of his crap below: https://www.standardmedi...mbroiled-in-land-tussle As a potential investor you should be looking at the company's books and not village gossip about the ceo. All info needs to be verified as much as possible but the character of the CEO is also important eg after my experience with matu of olympia, I would think long and hard before I touch anything he was involved in. Naikuni, Mbugua of KQ Merali But to each his own. Tell him also that the so called books he implies can be cooked to flatter shareholders.Ambia yeye kenya power and Longhorn cooked their latest books. A crook is a crook.Wheteher in the village or in the city. Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Ebenyo wrote:VituVingiSana wrote:hardwood wrote:mawinder wrote:Ebenyo wrote:Chaka wrote:[quote=Ebenyo]
Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts.
How can this billionaire be having debts?I remember reading somewhere that his afya juices are giving coca-cola a run for their money..so where does he take the cash from sales? [/quote ................................................................................................................................................... Look at this: https://www.google.com/u...w3lQK5AmEri5JdwOc4uzbRV
Another of his crap below: https://www.standardmedi...mbroiled-in-land-tussle As a potential investor you should be looking at the company's books and not village gossip about the ceo. All info needs to be verified as much as possible but the character of the CEO is also important eg after my experience with matu of olympia, I would think long and hard before I touch anything he was involved in. Naikuni, Mbugua of KQ Merali But to each his own. Tell him also that the so called books he implies can be cooked to flatter shareholders.Ambia yeye kenya power and Longhorn cooked their latest books. A crook is a crook.Wheteher in the village or in the city. I have no idea about Rugendo but some other shady characters in whom I have little trust: Carl Esprey (Atlas) - I thought they were the real deal Ciano (Uchumi) Segman (KK) - I used to like him but then... Whereas it is not fair to say Rugendo is not legit without knowing more, the recent spate of failed/poor GEMS listing (among others) leads me to be cautious. Price - We want to buy into a firm that provides us with a fair return. If the shares are "expensive" using whatever valuation we are comfy with then why invest? Today, we can buy KK at 9x PER, Safcom at 15x PER, Banks at 6-9x PER and 0.6-1.5x BV, etc. Some eg Saf are still growing in double digits. Even Equity is doing double digits. Can Rugendo offer us better value? Can he give me 15% p.a.? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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hardwood wrote:mawinder wrote:Ebenyo wrote:Chaka wrote:[quote=Ebenyo]
Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts.
How can this billionaire be having debts?I remember reading somewhere that his afya juices are giving coca-cola a run for their money..so where does he take the cash from sales? [/quote ................................................................................................................................................... Look at this: https://www.google.com/u...w3lQK5AmEri5JdwOc4uzbRV
Another of his crap below: https://www.standardmedi...mbroiled-in-land-tussle As a potential investor you should be looking at the company's books and not village gossip about the ceo. If you knew anything about investment, you would know that the character of the CEO is very important!!! What do you think a fellow who can shaft family would do to you? There is even talk of murder of a family member!!! And these are not village rumours. There are is even a case in court!!! Fellow looks very shady!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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VituVingiSana wrote:Ebenyo wrote:VituVingiSana wrote:hardwood wrote:mawinder wrote:Ebenyo wrote:Chaka wrote:[quote=Ebenyo]
Huyu jamaa alipe madeni kwanza.He is facing liquidation suit over debts.
How can this billionaire be having debts?I remember reading somewhere that his afya juices are giving coca-cola a run for their money..so where does he take the cash from sales? [/quote ................................................................................................................................................... Look at this: https://www.google.com/u...w3lQK5AmEri5JdwOc4uzbRV
Another of his crap below: https://www.standardmedi...mbroiled-in-land-tussle As a potential investor you should be looking at the company's books and not village gossip about the ceo. All info needs to be verified as much as possible but the character of the CEO is also important eg after my experience with matu of olympia, I would think long and hard before I touch anything he was involved in. Naikuni, Mbugua of KQ Merali But to each his own. Tell him also that the so called books he implies can be cooked to flatter shareholders.Ambia yeye kenya power and Longhorn cooked their latest books. A crook is a crook.Wheteher in the village or in the city. I have no idea about Rugendo but some other shady characters in whom I have little trust: Carl Esprey (Atlas) - I thought they were the real deal Ciano (Uchumi) Segman (KK) - I used to like him but then... Whereas it is not fair to say Rugendo is not legit without knowing more, the recent spate of failed/poor GEMS listing (among others) leads me to be cautious. Price - We want to buy into a firm that provides us with a fair return. If the shares are "expensive" using whatever valuation we are comfy with then why invest? Today, we can buy KK at 9x PER, Safcom at 15x PER, Banks at 6-9x PER and 0.6-1.5x BV, etc. Some eg Saf are still growing in double digits. Even Equity is doing double digits. Can Rugendo offer us better value? Can he give me 15% p.a.? Is that your target minimum return mark? this year i got 4% return.This is from dividends.Im targeting more than 10% next year but i will try to pursue capital gains also.I feel i have learnt enough in wazua to pursue that aspect too but with long term approach. Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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I invest for the long-term so a single "bad" year is OK as long as the other years are better. I have KK, Unga & ARM that might come through in 2019. No guarantees. I *hope* Seaboard makes another attempt at a higher price in 2019-20 after we see another full year of results. I *hope* ARM gets sorted out one way or another. I have NPA'd it but I want to write if off ASAP. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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