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Cytonn Investments
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Horton
#291 Posted : Sunday, January 22, 2017 4:28:46 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Swenani wrote:
Horton wrote:
Gadaffi wrote:
This company is looking 4 funds in a very big way and paying interest for the same at around 18% p.a. This return doesnt match the market return of around 10%. I dont know if their projects are supporting this..



I visited one of their projects on friday The Alma in Ruaka. Project going on well, CEO mentioned that some of the cash that comes in on CMS is also used for projects. The yield they get is 25% and they pay 18%


Horton, leave these Kenyans!


😂😂😂
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Horton
#292 Posted : Tuesday, January 31, 2017 6:39:56 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
https://pbs.twimg.com/me...bx9X6WYAEa-rn.jpg:large

Saw on social media Something about an acquisition announcement at the stanley this morning.
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  | | Edit by user: Tuesday, January 31, 2017 6:42 AM | Reason: Not specified
Horton
#293 Posted : Tuesday, January 31, 2017 9:08:39 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Again from shosho mendia.....Cytonn acquired 25% stake in Superior Homes for kes1B.

The intended listing still goes on as planned.
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KenyanEconomist
#294 Posted : Tuesday, January 31, 2017 11:38:44 AM
Rank: New-farer

Joined: 5/7/2014
Posts: 40
Any truth to the fact that CMA wanted to restrict Non-banks like Cytonn from offering CMS products?
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Yowel
#295 Posted : Tuesday, January 31, 2017 11:45:29 AM
Rank: New-farer

Joined: 10/14/2016
Posts: 25
Location: Nairobi
KenyanEconomist wrote:
Any truth to the fact that CMA wanted to restrict Non-banks like Cytonn from offering CMS products?


This was passed last year through a circular to stock brokers et al. Dont ask for a rink, i sighted the physical document around august.
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Horton
#296 Posted : Tuesday, January 31, 2017 12:04:59 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
KenyanEconomist wrote:
Any truth to the fact that CMA wanted to restrict Non-banks like Cytonn from offering CMS products?



Yes and No.

It restricts CMA regulated companies eg Britam from offering this product. It doesnt have a say in CMA unregulated firms eg Cytonn.


http://kenyanwallstreet....s-refund-of-clients-cash
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Lek
#297 Posted : Tuesday, January 31, 2017 12:16:36 PM
Rank: New-farer

Joined: 7/6/2010
Posts: 25
@Horton, who regulates Cytonn? How would I have comfort from an unregulated deposit collector?
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Swenani
#298 Posted : Tuesday, January 31, 2017 12:33:38 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Lek wrote:
@Horton, who regulates Cytonn? How would I have comfort from an unregulated deposit collector?


That's why no one is forcing you to deposit with them, If you're not comfortable why transact with them?
If Obiero did it, Who Am I?
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Horton
#299 Posted : Tuesday, January 31, 2017 1:47:39 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Swenani wrote:
Lek wrote:
@Horton, who regulates Cytonn? How would I have comfort from an unregulated deposit collector?


That's why no one is forcing you to deposit with them, If you're not comfortable why transact with them?



🤣🤣🤣

Private Equities are not regulated in Kenya.
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2012
#300 Posted : Tuesday, January 31, 2017 1:51:44 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
This firm still gives me the jitters as well. I always keep off companies that seem be growing on steroids.

BBI will solve it :)
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