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Cytonn Investments
Rank: Member Joined: 1/19/2016 Posts: 204
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There is more Housing Finance Group becomes first bank to issue a profit warning for financial year 2020.https://twitter.com/mone...1332581759989534721?s=21
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Rank: Member Joined: 1/19/2016 Posts: 204
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paulkimani wrote:Britam 2020 half-year net LOSS hit Ksh 1.63 billion.They say the pandemic has affected vital business areas of the company, including real estate. https://kenyanwallstreet...https://t.co/vYa0sVI6t4
Well, well, over to you Cytonn “Cytonn. Cleaning peoples money since 2015” There is more Housing Finance Group becomes first bank to issue a profit warning for financial year 2020.https://twitter.com/mone...1332581759989534721?s=21
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Wazua Admin: kindly rename this thread to “Paulkimani” 😅😅
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Rank: Member Joined: 1/19/2016 Posts: 204
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Over 5 billion half years loss announced in ONE day by just TWO companies and Horton hating on PK. Sounds familiar... https://twitter.com/spry...309697960553394176?s=21
“ When I saw Cyton CEO engaged in Twitter 'brawls', I knew ni kubaya.” Horton = Edwin.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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paulkimani wrote:Over 5 billion half years loss announced in ONE day by just TWO companies and Horton hating on PK. Sounds familiar... https://twitter.com/spry...309697960553394176?s=21
“ When I saw Cyton CEO engaged in Twitter 'brawls', I knew ni kubaya.” Horton = Edwin. Horton=horton 😀 Not hating, just wondering what HF (and indeed a lot of what you post) and etc have any relevance to the thread. If you can’t even get my identity right, I seriously doubt your abilities on investments
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Rank: Member Joined: 1/19/2016 Posts: 204
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Horton wrote:paulkimani wrote:Over 5 billion half years loss announced in ONE day by just TWO companies and Horton hating on PK. Sounds familiar... https://twitter.com/spry...309697960553394176?s=21
“ When I saw Cyton CEO engaged in Twitter 'brawls', I knew ni kubaya.” Horton = Edwin. Horton=horton 😀 Not hating, just wondering what HF (and indeed a lot of what you post) and etc have any relevance to the thread. If you can’t even get my identity right, I seriously doubt your abilities on investments
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Rank: Elder Joined: 6/23/2009 Posts: 13,547 Location: nairobi
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paulkimani wrote:[quote=paulkimani] Britam 2020 half-year net LOSS hit Ksh 1.63 billion.They say the pandemic has affected vital business areas of the company, including real estate. https://kenyanwallstreet...https://t.co/vYa0sVI6t4
Well, well, over to you Cytonn “Cytonn. Cleaning peoples money since 2015” There is more Housing Finance Group becomes first bank to issue a profit warning for financial year 2020.https://twitter.com/mone...332581759989534721?s=21[/quote] C19 has really upended most
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Uongo yenye Cytonn wako nayo. Month in, month out, they have been promising FY2019 financials of CHYS and CIML but nothing!
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Rank: Member Joined: 1/19/2016 Posts: 204
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3 traders demand repayment of Sh6 million investment from Cytonn The 3 says if no action is taken, they will file a winding up petition against Cytonn and f ile a report with Directorate of Criminal Investigation (DCI).
Cytonn. Stealing your money since 2015 https://www.the-star.co....investment-from-cytonn/
(Kind note - I will not take hate on this forum anymore from Horton without support. I am here for free to pass on information and will leave happily if that happens  )
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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paulkimani wrote:3 traders demand repayment of Sh6 million investment from Cytonn The 3 says if no action is taken, they will file a winding up petition against Cytonn and f ile a report with Directorate of Criminal Investigation (DCI).
Cytonn. Stealing your money since 2015 https://www.the-star.co....investment-from-cytonn/
(Kind note - I will not take hate on this forum anymore from Horton without support. I am here for free to pass on information and will leave happily if that happens ) @paulkimani, The Washington Post has a phrase beneath its online masthead that reads — “Democracy Dies in Darkness”. The other tag lines that had been considered included “No, You Shut Up,” “Come at Me, Bro” and “We Took Down Nixon — Who Wants Next?” The jury out there will decide between you and Horton who is right. "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Member Joined: 1/19/2016 Posts: 204
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The above being said, I have had a ball of fun annoying Horton (with all due respect sir) and do enjoy my little Cytonn mission! Have a wonderful day all my wazua friends and foes in our sunny country :)
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Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi
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https://www.businessdail...rvival-playbook-3218046 Inside Superior Homes’ Covid survival playbook Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/19/2016 Posts: 204
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LIQUIDATION OF CYTONN:SAVE THE DATE. 21 JANUARY 2021. Any aggrieved investor or party may join this petition. Get on it my friends. https://twitter.com/ochi...1336909169090318337?s=21
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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[quote=paulkimani] LIQUIDATION OF CYTONN:SAVE THE DATE. 21 JANUARY 2021. Any aggrieved investor or party may join this petition. Get on it my friends. https://twitter.com/ochi...336909169090318337?s=21[/quote] REBUTTAL 9 December 2020 NEWS We take note of an advertisement in the classifieds section of the Nation newspaper purporting to pursue the liquidation of Cytonn Investments Management Limited, CIMP. Note that the advertisement is malicious as CIMP has no contract with the claimant, there is no windup petition coming up for hearing and CIMP shall seek to absolve itself. All our funds remain operational and should you have any queries, we shall be hosting a product update session from Wednesday 9th Dec till Friday 11th Dec at 11.00 AM and 2:00 PM daily to allow clients and stakeholders to engage with management. You can dial in at https://cytonn.com/productsupdates
Yours Faithfully, For: Cytonn Investments Management Plc Daniel Mainye Senior Brand Manager LINK: https://cytonn.com/media...ticle/clarification-on-a
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Rank: Member Joined: 1/19/2016 Posts: 204
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I believe a reputable newspaper - the NATION - over a company that has been sued many times and has a shady reputation.
Also please note that their BRAND MANAGER has signed that “note” - literally a man whose only job is to keep Cytonns brand alive Cytonn. Stealing your money since 2015. [quote=aemathenge][quote=paulkimani] LIQUIDATION OF CYTONN:SAVE THE DATE. 21 JANUARY 2021. Any aggrieved investor or party may join this petition. Get on it my friends. https://twitter.com/ochi...336909169090318337?s=21[/quote] REBUTTAL 9 December 2020 NEWS We take note of an advertisement in the classifieds section of the Nation newspaper purporting to pursue the liquidation of Cytonn Investments Management Limited, CIMP. Note that the advertisement is malicious as CIMP has no contract with the claimant, there is no windup petition coming up for hearing and CIMP shall seek to absolve itself. All our funds remain operational and should you have any queries, we shall be hosting a product update session from Wednesday 9th Dec till Friday 11th Dec at 11.00 AM and 2:00 PM daily to allow clients and stakeholders to engage with management. You can dial in at https://cytonn.com/productsupdates
Yours Faithfully, For: Cytonn Investments Management Plc Daniel Mainye Senior Brand Manager LINK: https://cytonn.com/media...icle/clarification-on-a[/quote]
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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21 Njaanuary 2021 is not very far away. See you in Court. And May The Best Lawyer Win.
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Rank: Member Joined: 1/19/2016 Posts: 204
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aemathenge wrote:21 Njaanuary 2021 is not very far away.
See you in Court.
And May The Best Lawyer Win. Instead of worrying about the best lawyer winning and making it a game, maybe us Kenyans can start having some compassion for our innocent friends like Mr Thogo below, a farmer, who trusted Cytonn with his hard earned savings.
The truth is he will probably never see that money again, and the four founders of Cytonn will be rolling in cash, while Mr Thogo struggles to survive. God bless him and may he win. Let us have compassion for our fellow men, rather than side with common thieves.
“Mr Thogo also wants the outstanding amount, together with interest and the cost of the insolvency petition granted to him and paid out of Cytonn’s assets. Mr Thogo adds that all his phone calls to various representatives of the company are met with different stories, which take him round in circles with no real intention of settling the matter.” https://nation.africa/ke...-over-sh14m-debt-3224664
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Rank: Veteran Joined: 1/10/2015 Posts: 961 Location: Kenya
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Very sad. Quote:Upon demanding the release of his funds in full together with interest, the company said it had “powers to unilaterally amend the terms of the agreement”.
On June 3, 2020, Cytonn told the investor that it had postponed its obligations (of returning the funds and interests) because the real estate market where it had invested the money had gone through some challenges, which had made it impossible to refund Mr Thogo's money. Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Rank: New-farer Joined: 2/6/2011 Posts: 60
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eco wrote:The growth of Cytonn Investments within the past one year is phenomenal. This is a company to watch for long-term private equity investors like myself. I am on-board! Greed kills companies.
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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Kabird wrote:eco wrote:The growth of Cytonn Investments within the past one year is phenomenal. This is a company to watch for long-term private equity investors like myself. I am on-board! Greed kills companies. Allow me to throw a spanner in the works. I am just done rereading "The Art of War" and "48 Laws of Power" for the umpteenth time. I'm wondering about the possibility that there couldn't be a secret hand in Mr Dande's woes. It's no secret that his style has been perceived as abrasive by some, and most likely he must have stepped on some influential people's toes while rubbing them the wrong way. When feeling slighted, some people will hunt you down until you're toast. (Ref: Law 15 "Crash your enemy totally"; Law 19 "Know who you're dealing with- do not offend the wrong person"; Law 42 "Strike the shepherd and the sheep will scatter") Retribution??? Settling scores??? Getting even??? C'est la vie - it's the unfortunate reality of life. If it don't make dollars, it don't make sense
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