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Kurwitu Ventures Listing on NSE
Rank: Elder Joined: 7/22/2009 Posts: 7,460
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I'm waiting for a statement from CMA tomorrow stating that they have nothing to do with this otherwise they should all just pack and go home. Pastor Kanyari would do a better job as the investors watchdog! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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CMA? Yep, the staff are busy attending seminars! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Simple, just introduce short selling at NSE. Such ridiculous listings will be dealt with accordingly. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 8/14/2009 Posts: 244
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stock.enigma wrote:http://www.kurwituventures.com/ They say in an advert that they will be listing 102,272 shares under GEMS to start trading on 13th Nov. 2014. I cant understand what they do, even as I read their website. Is there anyone who knows them? I still do not understand what they do and how they got approved to list on the stock exchange. Is there something am not seeing?
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Del. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 7/9/2006 Posts: 79
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Kweli,CMA is presiding over a fish mkt if this BS is allowed to happen. I know these chaps have brokers ready to do their bidding for them. There's money to be had every which way.Poor Wanjiku might be gored by the bull.
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Rank: New-farer Joined: 4/12/2014 Posts: 56
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Who has the information memos of this Kurwitu Ventures and Flame Tree Group?
Where can we get them...I know Home Afrika which is now trading at below Sh4 from above Sh20 released theirs on the day they listed and even then getting it was a problem...
At this rate I would rather buy potassium permanganate for resale
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Rank: Hello Joined: 11/6/2014 Posts: 6
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Hey all - looks like Kurwitu Ventures will be listing by introduction as well. It's backed by some heavy hitters including former Dyer & Blair heavyweights Mohammed Hassan and Abdullahi Abdirahman. It's going to be pushing Sharia compliant investments which are in line with Islamic law and teachings on investment. Many Kenyan SMEs are ready to go public but have been hindered in the past. It's the beginning of a new wave of wider capital market access!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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obothofumbi wrote:Hey all - looks like Kurwitu Ventures will be listing by introduction as well. It's backed by some heavy hitters including former Dyer & Blair heavyweights Mohammed Hassan and Abdullahi Abdirahman. It's going to be pushing Sharia compliant investments which are in line with Islamic law and teachings on investment. Many Kenyan SMEs are ready to go public but have been hindered in the past. It's the beginning of a new wave of wider capital market access! Pushing them to where? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Hello Joined: 11/6/2014 Posts: 6
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This seems to be very new to many Kenyans. I recommend some light research on how Sharia compliant finance works and who they target (http://en.m.wikipedia.org/wiki/Islamic_banking); and
the GEMS board of NSE (https://www.nse.co.ke/media-center/press-release.html?download=6259%3Apress-release-launch-of-the-growth-enterprise-market-segment).
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Rank: Member Joined: 3/15/2009 Posts: 360
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hisah wrote:Simple, just introduce short selling at NSE. Such ridiculous listings will be dealt with accordingly. If a short squeeze occurs?
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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MaichBlack wrote:I'm waiting for a statement from CMA tomorrow stating that they have nothing to do with this otherwise they should all just pack and go home. Pastor Kanyari would do a better job as the investors watchdog! 2 days later still waiting  let everything be listed. we need variety even amongst monkeys
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Rank: Hello Joined: 11/6/2014 Posts: 6
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Morning folks - here is the full list of the Kurwitu team - http://www.kurwituventur...ex.php/company-directors
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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[quote=obothofumbi]Morning folks - here is the full list of the Kurwitu team - http://www.kurwituventur...x.php/company-directors[/quote] Members Only! my take. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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shocks wrote:hisah wrote:Simple, just introduce short selling at NSE. Such ridiculous listings will be dealt with accordingly. If a short squeeze occurs? Obviously you take losses. The idea for short selling is to bring sanity in the crazy casino. If you float and the market is not convinced your prices are meant to be at a premium, short sellers do their job.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 12/2/2009 Posts: 299 Location: kenya
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Del. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Hello Joined: 11/6/2014 Posts: 6
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Interesting link on Kurwitu's twitter feed (@kurwituventures) - according to the Economist magazine, the global Sharia compliant financial industry holds assets worth $2 trillion! http://www.economist.com...big-interest-no-interest
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Not even token diversity! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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VituVingiSana wrote: Not even token diversity! hope @Obiero saw this. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Kurwitu Ventures Listing on NSE
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