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obiero		#1331 Posted : Saturday, September 01, 2018 6:05:13 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		VituVingiSana wrote: obiero wrote: xxxxx wrote: sparkly wrote: xxxxx wrote: sparkly wrote: obiero wrote: sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. The economy is bleeding. Even if HAL did all the hard work, the properties are not affordable and hence uptake of the properties will always be very slow. The cash flow situation is thus unlikely to improve.. at least not in the short/ medium term. The business model requires heavy cash flow to churn out a good deal of relatively cheap properties as well as operational efficiencies in a difficult economy. HAL doesn't have the ability to combine all these required abilities. The fact that its bond was undersigned and cancelled tells it all.. I'm actually quite impressed that HAL has been able to survive this far.. I had called its demise about two years ago but its refusing to take a final bow What other loss-making firms does it remind us of? None comes to mind KQ ABP 4.26
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sparkly		#1332 Posted : Sunday, September 02, 2018 8:29:45 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		obiero wrote: VituVingiSana wrote: obiero wrote: xxxxx wrote: sparkly wrote: xxxxx wrote: sparkly wrote: obiero wrote: sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. The economy is bleeding. Even if HAL did all the hard work, the properties are not affordable and hence uptake of the properties will always be very slow. The cash flow situation is thus unlikely to improve.. at least not in the short/ medium term. The business model requires heavy cash flow to churn out a good deal of relatively cheap properties as well as operational efficiencies in a difficult economy. HAL doesn't have the ability to combine all these required abilities. The fact that its bond was undersigned and cancelled tells it all.. I'm actually quite impressed that HAL has been able to survive this far.. I had called its demise about two years ago but its refusing to take a final bow What other loss-making firms does it remind us of? None comes to mind Life is short. Live passionately.
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whiteowl		#1333 Posted : Sunday, September 02, 2018 4:23:03 PM
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove		sparkly wrote: obiero wrote: VituVingiSana wrote: obiero wrote: xxxxx wrote: sparkly wrote: xxxxx wrote: sparkly wrote: obiero wrote: sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. The economy is bleeding. Even if HAL did all the hard work, the properties are not affordable and hence uptake of the properties will always be very slow. The cash flow situation is thus unlikely to improve.. at least not in the short/ medium term. The business model requires heavy cash flow to churn out a good deal of relatively cheap properties as well as operational efficiencies in a difficult economy. HAL doesn't have the ability to combine all these required abilities. The fact that its bond was undersigned and cancelled tells it all.. I'm actually quite impressed that HAL has been able to survive this far.. I had called its demise about two years ago but its refusing to take a final bow What other loss-making firms does it remind us of? None comes to mind
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VituVingiSana		#1334 Posted : Sunday, September 02, 2018 7:56:27 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		If I ever need a Spinmaster, need someone to constantly cheer me up about poor decisions OR deny, deny, deny... I will hire @Obiero Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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obiero		#1335 Posted : Monday, September 03, 2018 5:55:17 AM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		VituVingiSana wrote: If I ever need a Spinmaster, need someone to constantly cheer me up about poor decisions OR deny, deny, deny... I will hire @Obiero Hehe. Plus I am affordable KQ ABP 4.26
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Ericsson		#1336 Posted : Monday, September 03, 2018 6:59:30 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Another company that should be put under administration. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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sparkly		#1337 Posted : Monday, September 03, 2018 8:03:03 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Ericsson wrote: Another company that should be put under administration. Is the whole company worth KShs 284m, More or Less? That is the big question. Life is short. Live passionately.
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lochaz-index		#1338 Posted : Monday, September 03, 2018 8:15:35 AM
Rank: Veteran Joined: 9/18/2014 Posts: 1,127		sparkly wrote: xxxxx wrote: sparkly wrote: obiero wrote: sparkly wrote: Ericsson wrote: Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. Unless HAL is willing to dispose inventory at less than cost, the liquidity situation is not going to improve any time soon. For survival of the firm, that is the bitter but right choice at this point in time. Getting stuck with inventory that isn't moving and with little to no working capital is a sure fire sign of a company about to go belly up. The main purpose of the stock market is to make fools of as many people as possible.
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xxxxx		#1339 Posted : Monday, September 03, 2018 9:09:52 AM
Rank: Member Joined: 3/20/2008 Posts: 503		sparkly wrote: Ericsson wrote: Another company that should be put under administration. Is the whole company worth KShs 284m, More or Less? That is the big question. You'll be shocked at how fast equity of Kshs N+1 billions can be whittled down to much much less than Ksh248M especially when a catalyst called debt exists in plenty. I'd have referred anyone else to @ARM but u No..coz you've been around a long time to see these things
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sparkly		#1340 Posted : Monday, September 03, 2018 3:46:36 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		xxxxx wrote: sparkly wrote: Ericsson wrote: Another company that should be put under administration. Is the whole company worth KShs 284m, More or Less? That is the big question. You'll be shocked at how fast equity of Kshs N+1 billions can be whittled down to much much less than Ksh248M especially when a catalyst called debt exists in plenty. I'd have referred anyone else to @ARM but u No..coz you've been around a long time to see these things I hear you and know that things can go wrong very quickly. HAL are in negative KShs 400m but I am betting on them to leverage their land bank to raise funds. Life is short. Live passionately.
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