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Stanlib Fahari I-Reit FY 2019
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tandich
#31 Posted : Saturday, September 19, 2020 12:50:06 AM
Rank: Member

Joined: 5/6/2008
Posts: 199
tandich wrote:
Auctioneers shut Tuskys outlet over Sh30m rent

I hope they can recover some of the outstanding rent
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VituVingiSana
#32 Posted : Saturday, September 19, 2020 7:30:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
What's the "online custodial trading platform" that Tuskys talks about?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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babashuge
#33 Posted : Sunday, September 20, 2020 4:37:42 PM
Rank: New-farer

Joined: 1/4/2019
Posts: 69
Location: Nairobi
Fyatu wrote:
heri wrote:
Fyatu wrote:
heri wrote:
Fyatu wrote:
At kobole, this thing is a steal. Value here will be unlocked very quickly and violently and some people will come hapa hapa wazua and start lamenting how they missed an opportunity...

For some of us whose retirement is approaching fast, dividend here is guaranteed 15% of current price


I have never looked at it but seems you are right

But what if rents fall say by 40%


Rent can never go down...that is why people invest in real estate. A 2 bedroom apartment in Kitengela fetching kshs. 20,000 rent monthly today will not be fetching the same amount in year 2030. Likewise,the land that the apartment sits on will also appreciate..The reit fully owns the property in its portfolio some of which is very very prime e.g., Greenspan


Well that has not been my experience. for example in westlands where my employer has an office, the landlord offered deep cuts in rent to stop us moving out . Had been planning to move out before covid

Happening in many other places i know


Personally, i believe this was seasonal COVID19 notwithstanding. I stand to be corrected. Lets see how "The working from home" fad goes.


Yeah, real estate will definitely take a hit, but just as a transition. Can t tell how long the transition but there's always opportunities popping as long as theres a space
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shiznit
#34 Posted : Sunday, September 20, 2020 8:35:16 PM
Rank: New-farer

Joined: 5/21/2013
Posts: 72
Location: KENYA
VituVingiSana wrote:
What's the "online custodial trading platform" that Tuskys talks about?


I would think maybe some form of escrow account set up as part of their negotiations with suppliers, as proof of funds. Just guessing.
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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shiznit
#35 Posted : Sunday, September 20, 2020 8:38:12 PM
Rank: New-farer

Joined: 5/21/2013
Posts: 72
Location: KENYA
I see no hope for Tuskys. PE funds lined up to buy the family shareholders out, and as usual, the wrangles came in the way (contrast with Naivas making this move ages ago, intelligently so).


I think the value on this stock will be properly unlocked if and when Tuskys is replaced as an anchor tenant at Greenspan. Given the location, and the tenant mix at Greenspan, a Quickmart/Carrefour would do amazing.
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Ericsson
#36 Posted : Sunday, September 20, 2020 9:59:12 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
shiznit wrote:
I see no hope for Tuskys. PE funds lined up to buy the family shareholders out, and as usual, the wrangles came in the way (contrast with Naivas making this move ages ago, intelligently so).


I think the value on this stock will be properly unlocked if and when Tuskys is replaced as an anchor tenant at Greenspan. Given the location, and the tenant mix at Greenspan, a Quickmart/Carrefour would do amazing.


Quickmart out,that is not their style. Check if there is any of their branch in a mall.
Carrefour yet to open a branch in Eastlands.
Only hope in either chandarana or Naivas
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#37 Posted : Monday, September 21, 2020 9:45:44 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
shiznit wrote:
I see no hope for Tuskys. PE funds lined up to buy the family shareholders out, and as usual, the wrangles came in the way (contrast with Naivas making this move ages ago, intelligently so).


I think the value on this stock will be properly unlocked if and when Tuskys is replaced as an anchor tenant at Greenspan. Given the location, and the tenant mix at Greenspan, a Quickmart/Carrefour would do amazing.


Quickmart out,that is not their style. Check if there is any of their branch in a mall.
Carrefour yet to open a branch in Eastlands.
Only hope in either chandarana or Naivas


Very true. Quickmart said they wont open in malls. Naivas should jump onto this chance and open a proper branch as compared to the much smaller one nearby. Chandarana and Carrefour are a serious doubt.
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heri
#38 Posted : Tuesday, November 10, 2020 11:03:15 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Did they get an anchor tenant at Greenspan?
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Ericsson
#39 Posted : Tuesday, November 10, 2020 11:12:19 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
heri wrote:
Did they get an anchor tenant at Greenspan?


Not yet before Christmas we shall know
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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heri
#40 Posted : Tuesday, November 10, 2020 11:17:53 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Ericsson wrote:
heri wrote:
Did they get an anchor tenant at Greenspan?


Not yet before Christmas we shall know


How big will the hit on their income and i guess they may not recover some of the rent already recognised?
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