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Stanlib Fahari I-Reit FY 2019
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littledove
#81 Posted : Thursday, August 31, 2023 10:56:31 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
for those buying yesterday and today, will they be eligible to sell @ 11 bearing in mind record date is 1st september?
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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VituVingiSana
#82 Posted : Thursday, August 31, 2023 1:10:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
wukan wrote:
The NAV is actually 18.75
REIT has Cash and near cash assets of kshs 630 million

We are walking away with 402 million. NSE is a fish market.
Observing how Unga group shareholders were treated its best to take and leave.

CMA should really reconsider if REITs below 5B require fund managers and big trustees. Small reits can administered by property managers earning a salary.
Ndegwas will always screw over the minorities.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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wukan
#83 Posted : Friday, September 01, 2023 8:34:30 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
littledove wrote:
for those buying yesterday and today, will they be eligible to sell @ 11 bearing in mind record date is 1st september?


Yes they are eligible. That's a +20% return on investment for 2 month period.

Can't figure out what the reit holders selling are thinking.d'oh!
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VituVingiSana
#84 Posted : Friday, September 01, 2023 10:01:22 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
wukan wrote:
littledove wrote:
for those buying yesterday and today, will they be eligible to sell @ 11 bearing in mind record date is 1st september?


Yes they are eligible. That's a +20% return on investment for 2 month period.

Can't figure out what the reit holders selling are thinking.d'oh!

From my reading of the initial announcement, those who own more than 450,000 units (KES 5mn) will not be eligible for the 11/- offer.

Assume you own 2mn. You are better off selling 1.55mn at 9 (+50% from 6/-) and then sell the rest at 11/-.

If you are stuck with the 2mn... you will be forced to move to the USP and might not even see 6/-
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Friday, September 01, 2023 10:06 AM | Reason: Not specified
Elephant Man
#85 Posted : Friday, September 01, 2023 12:22:53 PM
Rank: Member

Joined: 12/24/2008
Posts: 112
@VVS - so if I've bought 700,000 units at 7/- totalling Kshs. 4.9m, am I to be considered a 'professional investor'? Kuna ambiguity kiasi...
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VituVingiSana
#86 Posted : Friday, September 01, 2023 1:18:54 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Elephant Man wrote:
@VVS - so if I've bought 700,000 units at 7/- totalling Kshs. 4.9m, am I to be considered a 'professional investor'? Kuna ambiguity kiasi...

Use 11/- as the cutoff
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Superprime1
#87 Posted : Friday, September 01, 2023 2:06:04 PM
Rank: Member

Joined: 5/2/2018
Posts: 267
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

Hapa ulisema tu.smile
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Superprime1
#88 Posted : Friday, September 01, 2023 3:00:14 PM
Rank: Member

Joined: 5/2/2018
Posts: 267
Elephant Man wrote:
@VVS - so if I've bought 700,000 units at 7/- totalling Kshs. 4.9m, am I to be considered a 'professional investor'? Kuna ambiguity kiasi...

A Non-Professional Investor is a person including a company, partnership, association or a trustee on behalf
of a trust who, either alone, or with any associates on a joint account, does not meet the Professional Investor
threshold of holding units worth at least KSH 5 million as defined in the Capital Markets (Real Estate Investment
Trust) (Collective Investment Schemes) Regulations, 2013 <b>as at the Record Date.</b>
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Elephant Man
#89 Posted : Friday, September 01, 2023 4:10:33 PM
Rank: Member

Joined: 12/24/2008
Posts: 112
English came on a ship...
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ngapat
#90 Posted : Saturday, September 02, 2023 12:32:58 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
What happens if i refuse to sell my units and the counter is delisted from the stock market
“Invest in yourself. Your career is the engine of your wealth.”
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