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Stanlib Fahari FY18
Ebenyo
#21 Posted : Friday, May 03, 2019 1:17:14 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Superprime1 wrote:
xxxxx wrote:
Ebenyo wrote:
Balaa wrote:
@sparkly, did you get paid yet? I aint received nothing at my SCB unlike last year when they transferred promptly on 30th April.



True.last year they were faster.Maybe Labour day has caused the delay.


I suspect its because they changed registrars. Last year it was CDSC and this year it seems to be C&R
It's still CDSC, and it's a shame because we'd expect it to be better than all other registrars. It's claiming that there was a delay on Co-op Bank's side in dispatching EFTs and M-Pesa but apparently cheques have been dispatched. EFTs will hit the accounts today for Co-op while the rest of us will get tomorrow and Monday "depending on the bank".d'oh!



Applause Applause better late than never!
Towards the goal of financial freedom
Pesa Nane
#22 Posted : Monday, May 06, 2019 2:04:28 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane wrote:
The distribution amounts to 75 cents per unit (2017: 75 cents per unit) and is payable by no later than 30 April 2019.


Ka-ching! smile
Pesa Nane plans to be shilingi when he grows up.
Superprime1
#23 Posted : Monday, May 06, 2019 4:24:00 PM
Rank: Member


Joined: 5/2/2018
Posts: 267
Pesa Nane wrote:
Pesa Nane wrote:
The distribution amounts to 75 cents per unit (2017: 75 cents per unit) and is payable by no later than 30 April 2019.


Ka-ching! smile

Ndani. A week down the line. Unsure what part of "no later than 30 April 2019" the team involved never understood, as this is totally different from "on or about".
Balaa
#24 Posted : Monday, May 06, 2019 6:30:25 PM
Rank: Member


Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Applause finally.

Time to load up the truck!
If it don't make dollars, it don't make sense
Ericsson
#25 Posted : Sunday, July 07, 2019 8:13:51 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
ICEA Lion Is Frontrunner to Buy Liberty’s Asset Manager in Kenya

ICEA Lion Group is the front-runner to acquire Liberty Holdings Ltd.’s asset management business in Kenya, according to people with knowledge of the matter.

The Kenyan financial-services firm is close to a deal for Stanlib Kenya Ltd., which could could see it replace Sanlam Investments East Africa Ltd. as the region’s top money manager, the people said, asking not to be identified because the matter is private.

Liberty is in talks to sell majority stakes in its health-insurance business and its asset-management operations in East and West Africa as the Johannesburg-based firm focuses on its home market. The firm’s property and casualty insurance units in Malawi and Namibia are also up for grabs as the company pushes ahead with plans to improve profitability and win back market share.

Stanlib Kenya has about 130 billion shillings under management ($1.2 billion), according to the company. An acquisition would propel ICEA, whose asset management unit oversees 125 billion shillings of assets, to the country’s top money manager.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#26 Posted : Sunday, July 07, 2019 11:40:11 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Ericsson wrote:
ICEA Lion Is Frontrunner to Buy Liberty’s Asset Manager in Kenya

ICEA Lion Group is the front-runner to acquire Liberty Holdings Ltd.’s asset management business in Kenya, according to people with knowledge of the matter.

The Kenyan financial-services firm is close to a deal for Stanlib Kenya Ltd., which could could see it replace Sanlam Investments East Africa Ltd. as the region’s top money manager, the people said, asking not to be identified because the matter is private.

Liberty is in talks to sell majority stakes in its health-insurance business and its asset-management operations in East and West Africa as the Johannesburg-based firm focuses on its home market. The firm’s property and casualty insurance units in Malawi and Namibia are also up for grabs as the company pushes ahead with plans to improve profitability and win back market share.

Stanlib Kenya has about 130 billion shillings under management ($1.2 billion), according to the company. An acquisition would propel ICEA, whose asset management unit oversees 125 billion shillings of assets, to the country’s top money manager.
If it happens then Fahari REIT would become a Ndegwa Fahari REIT?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
tandich
#27 Posted : Friday, November 08, 2019 9:32:02 AM
Rank: Member


Joined: 5/6/2008
Posts: 199
Confirmed

Balaa
#28 Posted : Friday, November 08, 2019 10:06:46 AM
Rank: Member


Joined: 7/6/2018
Posts: 175
Location: Kinshasa
What does this portend?
If it don't make dollars, it don't make sense
sparkly
#29 Posted : Friday, November 08, 2019 10:31:43 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
Ericsson wrote:
ICEA Lion Is Frontrunner to Buy Liberty’s Asset Manager in Kenya

ICEA Lion Group is the front-runner to acquire Liberty Holdings Ltd.’s asset management business in Kenya, according to people with knowledge of the matter.

The Kenyan financial-services firm is close to a deal for Stanlib Kenya Ltd., which could could see it replace Sanlam Investments East Africa Ltd. as the region’s top money manager, the people said, asking not to be identified because the matter is private.

Liberty is in talks to sell majority stakes in its health-insurance business and its asset-management operations in East and West Africa as the Johannesburg-based firm focuses on its home market. The firm’s property and casualty insurance units in Malawi and Namibia are also up for grabs as the company pushes ahead with plans to improve profitability and win back market share.

Stanlib Kenya has about 130 billion shillings under management ($1.2 billion), according to the company. An acquisition would propel ICEA, whose asset management unit oversees 125 billion shillings of assets, to the country’s top money manager.
If it happens then Fahari REIT would become a Ndegwa Fahari REIT?


"Ndegwa" means Bull. The markets have treated them well. A lesson that names influence how people turn out.
Life is short. Live passionately.
wukan
#30 Posted : Friday, November 08, 2019 10:44:24 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,590
Balaa wrote:
What does this portend?


In terms of real estate the ICEA/Ndegwa is solid. They have prime real estate in the city together with accumulated market experience going back decades. That means a better experienced driver to drive the bus forward.
watesh
#31 Posted : Friday, November 08, 2019 12:29:28 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
wukan wrote:
Balaa wrote:
What does this portend?


In terms of real estate the ICEA/Ndegwa is solid. They have prime real estate in the city together with accumulated market experience going back decades. That means a better experienced driver to drive the bus forward.

I hope they bring in more properties to that REIT
Ericsson
#32 Posted : Friday, November 08, 2019 1:50:41 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
watesh wrote:
wukan wrote:
Balaa wrote:
What does this portend?


In terms of real estate the ICEA/Ndegwa is solid. They have prime real estate in the city together with accumulated market experience going back decades. That means a better experienced driver to drive the bus forward.

I hope they bring in more properties to that REIT


ICEA may delist the REIT
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Balaa
#33 Posted : Friday, November 08, 2019 2:23:49 PM
Rank: Member


Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Only if they manage to buy off the other majority unit holders. Because the combined share of units held by Stanlib Kenya Ltd and Liberty Group equals a mere 14.42% (as at 30.06.19).
If it don't make dollars, it don't make sense
Ericsson
#34 Posted : Friday, November 08, 2019 2:28:38 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Balaa wrote:
Only if they manage to buy off the other majority unit holders. Because the combined share of units held by Stanlib Kenya Ltd and Liberty Group equals a mere 14.42% (as at 30.06.19).


Threshold was lowered to 50% for compulsory acquisition.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
wukan
#35 Posted : Friday, November 08, 2019 2:45:40 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,590
Ericsson wrote:


ICEA may delist the REIT


How will delisting the REIT benefit ICEA? They actually need it as listed for purposes of rebalancing portfolio.

Quote:
Real estate fund Stanlib Fahari I-Reit plans to acquire more properties from pension firms and insurers who will be compensated in the form of shares, also known as units, in the Nairobi Securities Exchange-listed firm.

The proposed transactions are designed to eliminate the need for Fahari to raise large sums of new capital to buy more buildings.

The deals will dilute existing shareholders of the company but will also expand the pool of income-generating buildings owned by the fund, raising earnings for the expanded investor base.

For the insurers and pension firms, the transactions will help them comply with regulations limiting the amounts of capital they can invest in properties relative to their total assets.

“In the year ahead, we aim to deliver on our growth strategy, which entails partnering with pension schemes as well as insurance companies that are currently overweight with investment property and desire to rebalance their portfolios in line with the relevant pension and insurance regulations in Kenya,” Fahari says in its latest annual report. “The targeted transactions will be implemented through asset-for-unit swaps.”


https://www.businessdail...1618-241336z/index.html

young
#36 Posted : Friday, November 08, 2019 3:49:59 PM
Rank: Elder


Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria
wukan wrote:
Ericsson wrote:


ICEA may delist the REIT


How will delisting the REIT benefit ICEA? They actually need it as listed for purposes of rebalancing portfolio.

Quote:
Real estate fund Stanlib Fahari I-Reit plans to acquire more properties from pension firms and insurers who will be compensated in the form of shares, also known as units, in the Nairobi Securities Exchange-listed firm.

The proposed transactions are designed to eliminate the need for Fahari to raise large sums of new capital to buy more buildings.

The deals will dilute existing shareholders of the company but will also expand the pool of income-generating buildings owned by the fund, raising earnings for the expanded investor base.

For the insurers and pension firms, the transactions will help them comply with regulations limiting the amounts of capital they can invest in properties relative to their total assets.

“In the year ahead, we aim to deliver on our growth strategy, which entails partnering with pension schemes as well as insurance companies that are currently overweight with investment property and desire to rebalance their portfolios in line with the relevant pension and insurance regulations in Kenya,” Fahari says in its latest annual report. “The targeted transactions will be implemented through asset-for-unit swaps.”


https://www.businessdail...1618-241336z/index.html




It can go either way.

Which ever way it is a win to minority shareholders.

EITHER
It is delisted by the Ndegwas buying from minority shareholders
at a premium like say 15 bob per share, thereby keeping it as a closed
family business
OR
They expand the property portfolio by partnering or raising more capital which may cause temporary dilusion but on the long term it will drive growth to the extent that the REIT will be worth 25 to 30 bob per share in 3 to 5 years time.


Events will unfold by q1 2020. It seems the
current management will still be in charge up to FY 2019. I predict marginal increase in dividend for FY 2019 to 80 cents from 75 cents the previous year based on their good HY 2019 results.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
Ericsson
#37 Posted : Friday, November 08, 2019 4:21:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
wukan wrote:
Ericsson wrote:


ICEA may delist the REIT


How will delisting the REIT benefit ICEA? They actually need it as listed for purposes of rebalancing portfolio.

Quote:
Real estate fund Stanlib Fahari I-Reit plans to acquire more properties from pension firms and insurers who will be compensated in the form of shares, also known as units, in the Nairobi Securities Exchange-listed firm.

The proposed transactions are designed to eliminate the need for Fahari to raise large sums of new capital to buy more buildings.

The deals will dilute existing shareholders of the company but will also expand the pool of income-generating buildings owned by the fund, raising earnings for the expanded investor base.

For the insurers and pension firms, the transactions will help them comply with regulations limiting the amounts of capital they can invest in properties relative to their total assets.

“In the year ahead, we aim to deliver on our growth strategy, which entails partnering with pension schemes as well as insurance companies that are currently overweight with investment property and desire to rebalance their portfolios in line with the relevant pension and insurance regulations in Kenya,” Fahari says in its latest annual report. “The targeted transactions will be implemented through asset-for-unit swaps.”


https://www.businessdail...1618-241336z/index.html


That has been overtaken by the recent events.We don't know the direction ICEA will take.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#38 Posted : Friday, November 08, 2019 4:23:13 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
young wrote:
wukan wrote:
Ericsson wrote:


ICEA may delist the REIT


How will delisting the REIT benefit ICEA? They actually need it as listed for purposes of rebalancing portfolio.

Quote:
Real estate fund Stanlib Fahari I-Reit plans to acquire more properties from pension firms and insurers who will be compensated in the form of shares, also known as units, in the Nairobi Securities Exchange-listed firm.

The proposed transactions are designed to eliminate the need for Fahari to raise large sums of new capital to buy more buildings.

The deals will dilute existing shareholders of the company but will also expand the pool of income-generating buildings owned by the fund, raising earnings for the expanded investor base.

For the insurers and pension firms, the transactions will help them comply with regulations limiting the amounts of capital they can invest in properties relative to their total assets.

“In the year ahead, we aim to deliver on our growth strategy, which entails partnering with pension schemes as well as insurance companies that are currently overweight with investment property and desire to rebalance their portfolios in line with the relevant pension and insurance regulations in Kenya,” Fahari says in its latest annual report. “The targeted transactions will be implemented through asset-for-unit swaps.”


https://www.businessdail...1618-241336z/index.html




It can go either way.

Which ever way it is a win to minority shareholders.

EITHER
It is delisted by the Ndegwas buying from minority shareholders
at a premium like say 15 bob per share, thereby keeping it as a closed
family business
OR
They expand the property portfolio by partnering or raising more capital which may cause temporary dilusion but on the long term it will drive growth to the extent that the REIT will be worth 25 to 30 bob per share in 3 to 5 years time.


Events will unfold by q1 2020. It seems the
current management will still be in charge up to FY 2019. I predict marginal increase in dividend for FY 2019 to 80 cents from 75 cents the previous year based on their good HY 2019 results.


ICEA may even sell off the properties under Fahari REIT distribute the proceeds to the other shareholders and remain with the balance.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#39 Posted : Friday, November 08, 2019 4:27:29 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
The main gem that ICEA sees in Stanlib Kenya is the fund management business and asset management.
Stanlib is number 3 after Sanlam Investments and Genessis Africa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
wukan
#40 Posted : Friday, November 08, 2019 5:11:45 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,590
Ericsson wrote:


ICEA may even sell off the properties under Fahari REIT distribute the proceeds to the other shareholders and remain with the balance.


REIT is a trust and so very different from companies. The Trustee is the one who takes care of the common interest of unit holders. The trustee has powers to remove the REIT manager if it is desirable in the interest of the unit holders. There is a lot more protection for unit holders in the trust deed unlike a company.
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