Hi

I've been toying this for awhile now. Forget the business of sisal, but if this company were to ever revalue their land....the results would be simply astonishing. Their assets...property,plant and equipment is valued at just kshs 344m.

1.They have 22,000acres in Dwa, kibwezi. Even if u valued this land at kshs 10,000 per acre, you would get kshs 220m. I don't know what the gong rate at kibwezi is at the moment. Anyone??
2. They have 10,000acres in vipingo. As you all know, 1acre at vipingo ridge is kshs. 10M. Even if you took a value of 1m per acre, ur looking at 10B!!!

Their Nav is 15 which doesn't include the true value of the land. So here if you were to buy, buy and forget till it's go time!! Coz I know the sisal business sucks and eventually they will sell out the land or develop it themselves.

Oh and we haven't even talked about the land they own in TZ near tanga.

@horton. U ar on ur own in this one . When investing for long term in a business look at its CORE BUSINESS and how its faring. Is the core business of Rea Vipingo selling land or making sisal product. I hope u ar just toying with the idea , and never invested in such weak grounds.

Worth looking @

@horton. Instead of wastin time in rea vipingo everyday anticipatin that the directors will play by ur strategy - which to me is a very vauge investment plan,whynt buy into simba (kcb) now and by end of August u'll be 30% + up in your portfolio........