Realtreaty wrote:
Passed by Britam Tower and can tell they will open it this year.
Are they paying the debt for late opening.
How much space is sold now that we have so many building in Nairobi
Will the Arab Majid Alfuttaim open a Carrefour Supermarket here?
What has made the stock to stagnate after capping though others like KCB, Equity improved.
The same can be seen for Coop.Bank that has not done well though remain a major player in Financial stocks. Its price @16.50 quite discouraging
Late opening is due to financial constraints
The debt that they have has to be paid as construction is going on.
How much space is sold is either zero or minimal.
Real towers owned by britam is 20 storey and one floor is occupied.
Carrefour is not opening a branch there.
The stock has stagnated because of poor financial performance and plus the profit warning they issued.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle