wazua Mon, Jan 13, 2025
Welcome Guest Search | Active Topics | Log In | Register

4 Pages<1234>
Kurwitu Ventures Listing on NSE
Options
Previous Topic · Next Topic
shocks
#41 Posted : Sunday, November 09, 2014 5:10:28 AM
Rank: Member


Joined: 3/15/2009
Posts: 360
hisah wrote:
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.


what I meant is, if a market is crazy, then its crazy, allowing short selling is not the ultimate drug. That crazy stock in US the prize rise was attributed to a short squeeze, at times it fails spectacularly
Back to top
 Report Abusive | Report SPAM
The optimist
#42 Posted : Monday, November 10, 2014 2:17:19 PM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
Back to top
 Report Abusive | Report SPAM
Mart_Consult
#43 Posted : Monday, November 10, 2014 2:23:40 PM
Rank: Member


Joined: 11/7/2013
Posts: 127
Location: Nairobi, Kenya
Kshs. 1,250 (16% premium on NAV) a share for 102,700 shares or something...

Haven't we taken it a bit too far?

A little CMA quiz answers (even before the questions):

The first share to hit the highest price.
The first share to be listed at the highest price.
The first firm share to be listed at the highest price with the least info in the market.
The first....I can go on & on...

Refer: www.businessdailyafrica....0/-/hjkd61z/-/index.html
I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
Back to top
 Report Abusive | Report SPAM
ReadMore
#44 Posted : Monday, November 10, 2014 4:53:54 PM
Rank: Hello


Joined: 10/18/2014
Posts: 3
The optimist wrote:
And here we go.

Kurwitu Ventures to list on GEMs at Sh1,250 a share


"Investors looking to buy in would have to raise at least Sh. 125,000 for a toe-hold."

*Quietly exits room..*
Back to top
 Report Abusive | Report SPAM
obothofumbi
#45 Posted : Monday, November 10, 2014 8:04:58 PM
Rank: Hello


Joined: 11/6/2014
Posts: 6
“Our intention is to attract sophisticated investors who understand our business model and the risks very well. That is why we are listing our shares. Thereafter, there will be more opportunities for capital raising,” Kurwitu’s managing director, Mr Abdirahman Abdillahi, said.

It's important that Kenyans seek financial & investment advice - the NSE is not a casino! It's good to see an MD refer to sophisticated investors...
Back to top
 Report Abusive | Report SPAM
littledove
#46 Posted : Monday, November 10, 2014 8:42:47 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
"Kurwitu is currently valued at Sh105 million, out of
which Sh102 million is in freehold land. In 2012, it
made a profit of Sh100,000 and had a small capital
base of about Sh3 million.
But the directors injected in fresh capital as part of
its preparation for listing."
according to this quote the only attributable profit to this company is 100'000!
until the listing plans it was worth only 3m! many wazuans have a capital base multiple of that!
102m is in free hold land, the question is how many acres, where is it? is it worth that much?
since 98% of the company is land we can tell its true worth if we know the size of land and location
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
Back to top
WWW
 Report Abusive | Report SPAM | Edit by user: Monday, November 10, 2014 8:43 PM | Reason: Not specified
muganda
#47 Posted : Monday, November 10, 2014 10:11:52 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
littledove wrote:
"Kurwitu is currently valued at Sh105 million, out of
which Sh102 million is in freehold land. In 2012, it
made a profit of Sh100,000 and had a small capital
base of about Sh3 million.
But the directors injected in fresh capital as part of
its preparation for listing."

according to this quote the only attributable profit to this company is 100'000!
until the listing plans it was worth only 3m! many wazuans have a capital base multiple of that!
102m is in free hold land, the question is how many acres, where is it? is it worth that much?
since 98% of the company is land we can tell its true worth if we know the size of land and location

I'm told land is in Lamu (but not among revoked titles). This plot of land represents the capital the owners injected. Hence venture would have negative working capital and losses since that 2012...to date.
Back to top
 Report Abusive | Report SPAM | Edit by user: Monday, November 10, 2014 10:21 PM | Reason: Not specified
Aguytrying
#48 Posted : Monday, November 10, 2014 10:29:23 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
just when you think we have enough monkeys on the NSE, a new one perches upon the tallest tree and starts screaming really loud mocking BAT.
The investor's chief problem - and even his worst enemy - is likely to be himself
Back to top
 Report Abusive | Report SPAM | Edit by user: Monday, November 10, 2014 10:31 PM | Reason: Not specified
Cde Monomotapa
#49 Posted : Monday, November 10, 2014 11:06:47 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#50 Posted : Tuesday, November 11, 2014 12:34:18 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Aguytrying wrote:
just when you think we have enough monkeys on the NSE, a new one perches upon the tallest tree and starts screaming really loud mocking BAT.

BAT is the real deal with solid earnings. And sustainable earnings with a solid brand developed over the years. A real cash machine. WWW(B)D?
What would Warren (Buffett) Do?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#51 Posted : Tuesday, November 11, 2014 12:37:38 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
[quote=Cde Monomotapa]>>
http://investor.wazua.co...sts&t=26558&p=7[/quote]
Cde 1 - VVS 0 Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
whiteowl
#52 Posted : Tuesday, November 11, 2014 10:55:51 AM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
So these guys are using the NSE to sell plots? ie. shares of a huge piece of land. and I'm also guessing their IM is/will be top secret.
Back to top
 Report Abusive | Report SPAM
kyt
#53 Posted : Tuesday, November 11, 2014 11:34:54 AM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
this guys are really mocking Kenyans saaana
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
Back to top
 Report Abusive | Report SPAM
muganda
#54 Posted : Tuesday, November 11, 2014 12:55:22 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
“The two largest shareholders intend to reduce their holding by at least 8 per cent in the next six months to increase the free float,” Kurwitu says. (But lock-in not to sell more than 25% within the first 12 months after listing)

Mr Abdillahi and Mr Hassan are both former executives of Dyer and Blair investment bank. (Could be brothers if I'm not mistaken). Hassan chairs the board of National Bank of Kenya.

http://www.businessdailyafrica....40/-/q19v4q/-/index.html
Back to top
 Report Abusive | Report SPAM | Edit by user: Tuesday, November 11, 2014 12:57 PM | Reason: Not specified
tkzee
#55 Posted : Tuesday, November 11, 2014 4:55:34 PM
Rank: Member


Joined: 7/13/2010
Posts: 160
Location: rift Valley-Naks
Aguytrying wrote:
just when you think we have enough monkeys on the NSE, a new one perches upon the tallest tree and starts screaming really loud mocking BAT.


Laughing out loudly Laughing out loudly Laughing out loudly
''i can calculate the motion of heavenly bodies,but not the madness of people''-Isaac Newton
Back to top
 Report Abusive | Report SPAM
Ali Baba
#56 Posted : Tuesday, November 11, 2014 5:17:08 PM
Rank: Member


Joined: 8/29/2008
Posts: 571
I guess I should also list my company at the Gems.Last year I made sh 500,000 from dividends ...Equity,KCB,DTB,JUB etc !!! Will you guys invest in a true Wazuan Company???
Back to top
 Report Abusive | Report SPAM
Boris Boyka
#57 Posted : Tuesday, November 11, 2014 11:26:24 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
Ali Baba wrote:
I guess I should also list my company at the Gems.Last year I made sh 500,000 from dividends ...Equity,KCB,DTB,JUB etc !!! Will you guys invest in a true Wazuan Company???

You made for yourself or the company? given an avg of 3% dividend for the stocks then the total value is 16.6m.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Back to top
 Report Abusive | Report SPAM
obothofumbi
#58 Posted : Wednesday, November 12, 2014 12:05:08 AM
Rank: Hello


Joined: 11/6/2014
Posts: 6
I am reliably informed that the official Kurwitu listing statement will be available on Thursday to end speculation. That is a listing requirement. Also, the lock in period for controlling shareholders on GEMS is 24 months so there's no chance of "taking your money" and running
Back to top
 Report Abusive | Report SPAM
murchr
#59 Posted : Wednesday, November 12, 2014 3:37:03 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
tkzee wrote:
Aguytrying wrote:
just when you think we have enough monkeys on the NSE, a new one perches upon the tallest tree and starts screaming really loud mocking BAT.


Laughing out loudly Laughing out loudly Laughing out loudly


@Aguy bwana you're gonna kill me na kicheko Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Back to top
 Report Abusive | Report SPAM
mawinder
#60 Posted : Wednesday, November 12, 2014 10:07:05 AM
Rank: Elder


Joined: 4/30/2008
Posts: 6,029
obothofumbi wrote:
I am reliably informed that the official Kurwitu listing statement will be available on Thursday to end speculation. That is a listing requirement. Also, the lock in period for controlling shareholders on GEMS is 24 months so there's no chance of "taking your money" and running

You seem to be pitching for Kuruwitu, how much do they pay you????????
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
4 Pages<1234>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.