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Cytonn Investments
Rank: Elder Joined: 12/7/2012 Posts: 11,908
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paulkimani wrote:Horton wrote: Confirm you haven’t been sponsored to give your “2 cents” paulkimani wrote:Hi Horton/Edwin As I’ve explained to you many times, yes I’ve taken an interest in this ponzi. Not everyday you have 100 ponzi’s to choose from. Think of me as Peter Pan. But instead of giving to the poor (or in this case, the average layman, rich or poor), I simply give my two cents. If you don’t like it, that’s fine. I’m entitled to my opinions on this Wazua forum focused on Cytonn Horton wrote:paulkimani wrote:Cytonn are not “experts” in any area. They are not specialists. Are they real estate developers, a deposit-taking coop or financial advisers? They are a jack of all trades and masters of none. Co-op bank walked away and refused to regulate Cytonn Asset Managers and NONE of the other banks who have authority to regulate will touch them - even with a 6 foot rod! If the experts (the banks) won’t touch them... oh dear ponzi Angelica _ann wrote:paulkimani wrote:“First the Cytonn Money Market fund that the Cytonn investment company want to rely on for this housing savings to yield up to 11% per annum has issues because the Cytonn PLC is currently acting as a bank and is offering loans to its own real estate projects at 18% p.a. Secondly, Cytonn’s Money Market Fund (CMMF) claims an annual return of about 10.7% per annum since a portion of its fund is invested in treasury bonds and bills earning a maximum rate of 10% per annum; the increase in performance is because a portion of CMMF funds is invested in Cytonn High Yield Solutions at 18% and consequently, Cytonn’s declining property portfolio. So there is no way Cytonn can claim that it’s CMMF can yield up to 11% per annum and that it targets over 10, 000 people.” http://www.254news.co.ke...to-the-targetted-group/ They are experts in investment accessing wide global markets. They are also regulated by CMA. Trying to find any of your posts on Wazua....just curious why they are ALL localized on this post? Is there an agenda? You don’t post on any other forum... I haven’t but even if I was sponsored so what? Are you forced to read my view? No. Just like Cytonn bribed Alykhan satchu, who before the bribe said he couldn’t comment on Cytonn because Cytonn was not transparent. Once bribed he became Cytonns biggest fan, the same “expert” who was outed for insider trading (KenKobil) To be clear Horton/Edwin - you don’t like what I say, scroll on. From now on I won’t answer the same question again from you. This is a forum. I am entitled to my views. I am not sponsored but even if you think I am - then don’t read my opinion! Good day Edwin Dande, CEO Cytonn ponzi (I mean investment... or asset managers... or affordable housing... or whatever the ponzi claims to do) Cytonn are just innovative and developing products relevant to the market. Uptake is voluntary. 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: Elder Joined: 10/3/2008 Posts: 4,057 Location: Gwitu
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Angelica _ann wrote:paulkimani wrote:Horton wrote: Confirm you haven’t been sponsored to give your “2 cents” paulkimani wrote:Hi Horton/Edwin As I’ve explained to you many times, yes I’ve taken an interest in this ponzi. Not everyday you have 100 ponzi’s to choose from. Think of me as Peter Pan. But instead of giving to the poor (or in this case, the average layman, rich or poor), I simply give my two cents. If you don’t like it, that’s fine. I’m entitled to my opinions on this Wazua forum focused on Cytonn Horton wrote:paulkimani wrote:Cytonn are not “experts” in any area. They are not specialists. Are they real estate developers, a deposit-taking coop or financial advisers? They are a jack of all trades and masters of none. Co-op bank walked away and refused to regulate Cytonn Asset Managers and NONE of the other banks who have authority to regulate will touch them - even with a 6 foot rod! If the experts (the banks) won’t touch them... oh dear ponzi Angelica _ann wrote:paulkimani wrote:“First the Cytonn Money Market fund that the Cytonn investment company want to rely on for this housing savings to yield up to 11% per annum has issues because the Cytonn PLC is currently acting as a bank and is offering loans to its own real estate projects at 18% p.a. Secondly, Cytonn’s Money Market Fund (CMMF) claims an annual return of about 10.7% per annum since a portion of its fund is invested in treasury bonds and bills earning a maximum rate of 10% per annum; the increase in performance is because a portion of CMMF funds is invested in Cytonn High Yield Solutions at 18% and consequently, Cytonn’s declining property portfolio. So there is no way Cytonn can claim that it’s CMMF can yield up to 11% per annum and that it targets over 10, 000 people.” http://www.254news.co.ke...to-the-targetted-group/ They are experts in investment accessing wide global markets. They are also regulated by CMA. Trying to find any of your posts on Wazua....just curious why they are ALL localized on this post? Is there an agenda? You don’t post on any other forum... I haven’t but even if I was sponsored so what? Are you forced to read my view? No. Just like Cytonn bribed Alykhan satchu, who before the bribe said he couldn’t comment on Cytonn because Cytonn was not transparent. Once bribed he became Cytonns biggest fan, the same “expert” who was outed for insider trading (KenKobil) To be clear Horton/Edwin - you don’t like what I say, scroll on. From now on I won’t answer the same question again from you. This is a forum. I am entitled to my views. I am not sponsored but even if you think I am - then don’t read my opinion! Good day Edwin Dande, CEO Cytonn ponzi (I mean investment... or asset managers... or affordable housing... or whatever the ponzi claims to do) Cytonn are just innovative and developing products relevant to the market. Uptake is voluntary. @AA They will soon call you Elizabeth ! Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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newfarer wrote:Angelica _ann wrote:paulkimani wrote:“First the Cytonn Money Market fund that the Cytonn investment company want to rely on for this housing savings to yield up to 11% per annum has issues because the Cytonn PLC is currently acting as a bank and is offering loans to its own real estate projects at 18% p.a. Secondly, Cytonn’s Money Market Fund (CMMF) claims an annual return of about 10.7% per annum since a portion of its fund is invested in treasury bonds and bills earning a maximum rate of 10% per annum; the increase in performance is because a portion of CMMF funds is invested in Cytonn High Yield Solutions at 18% and consequently, Cytonn’s declining property portfolio. So there is no way Cytonn can claim that it’s CMMF can yield up to 11% per annum and that it targets over 10, 000 people.” http://www.254news.co.ke...to-the-targetted-group/ They are experts in investment accessing wide global markets. They are also regulated by CMA. Did they sort out their issues with CMA https://www.businessdail...27968-6uv2wy/index.html
If it don't make dollars, it don't make sense
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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“That noting the integral role of a trustee to the operation of the scheme ... ... and being alive to the dangers/risks that may be posed by the absence of a performing trustee, including: (a) Conflict of interest transactions, (b) Commingling of funds (c) Use of trust funds for fund manager’s business, ... amongst others, the respondent acting in good faith, suspended the onboarding of new clients from January 1, 2020,” the reply by the regulator reads."
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Quote:CMA to tighten unit trusts oversight after investor losses
MONDAY, FEBRUARY 3, 2020 0:01
The Capital Markets Authority (CMA) has ordered money market funds to disclose in detail where they have invested clients’ cash as well as the terms of those deals following revelations of investment gambles that have lost investors billions of shillings.
CMA acting CEO Wycliffe Shamiah said the regulator plans to audit the committees that make investment decisions after they realised some of the funds were being controlled by lone rangers.
“We have issued circulars clarifying when they do their quarterly fillings to disclose which investments as in classes, for example you do not just make a return saying; Cash, Sh1 billion, we want you to be very specific, what is in deposits, what is in cash.
As we review we also ask you to explain more on the terms of those assets as you disclose them,” he said.
“We will go into the investment committees sitting in the fund managers that make those decisions because we can see there are specific decisions left to one individual as opposed to a committee which can have better ideas,” Mr Shamiah said. Source Link From The Business DailyOh Boy! Are Things getting hot in here or is it just me?
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Quote:“The Kenya real estate bubble has burst” makes for good inebriated bar talk, especially for those who have missed and continue to miss out on real estate returns, but in reality and fact we have just had a slowdown part of the cycle that was made worse by rate caps.
The preconditions for a bubble simply don’t exist in Kenya.
The slowdown has exploded amateur developers out of existence, driven out speculators masquerading as investors, left ego towers and malls with mediocre occupancy, and really punished lenders who didn’t know how to underwrite projects.
Those who have survived the slowdown so far have also been properly bruised and humbled.
We are now at the nascent stages of a sustainable and more disciplined real estate run ahead; and post slowdown, the real estate arena is now left wide open to committed developers and investors with long term views.
Its the time to be looking into real estate!
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Rank: Member Joined: 1/19/2016 Posts: 204
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https://www.google.co.uk...sAMP-qk22sjz/index.html
A High Court judge has upheld Nairobi City County’s decision cancelling construction of a multi-storey tower in Kilimani, Nairobi by Investment group Cytonn.
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Rank: Member Joined: 1/19/2016 Posts: 204
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Between the above project being cancelled, CMA wanting you to know where Cytonn “invest” their money and not securing a trustee because no one ones to come near Cytonn...... and their first (maybe only I DONT KNOW) building - Amara Ridge is STILL being advertised by real estate agents to be sold.... from 2015!
Cytonn report may say their ain’t no bubble - but if they can’t sell 10 houses in five years... maybe look up from their reports and see their situation
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Rank: Member Joined: 12/8/2006 Posts: 104
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paulkimani wrote:Between the above project being cancelled, CMA wanting you to know where Cytonn “invest” their money and not securing a trustee because no one ones to come near Cytonn...... and their first (maybe only I DONT KNOW) building - Amara Ridge is STILL being advertised by real estate agents to be sold.... from 2015!
Cytonn report may say their ain’t no bubble - but if they can’t sell 10 houses in five years... maybe look up from their reports and see their situation That was included in the last report by GCR: Their unproven ability to complete construction projects. Before they got fired. I think they knew the full story behind this cancellation, or used it as a way to maintain their chance to get business from other clients without completely trashing one of their existing clients.
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Rank: Member Joined: 1/19/2016 Posts: 204
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https://newkenyan.com/wa...plain-daylight-robbery/
“ Gakuyo bungled over Sh2.5 billion members’ savings at Ekeza Sacco besides duping clients via property investments using his real estate company... Standing at my balcony, I am seeing a bigger section of Alma that’s incomplete, there’s another one just next here with rusted, maybe rotten steel bars….all these billions of shillings later, loans, money markets, investments….rusted steel.”
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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paulkimani wrote:https://newkenyan.com/watch-out-theres-a-scam-about-cytonn-frauds-and-plain-daylight-robbery/
“ Gakuyo bungled over Sh2.5 billion members’ savings at Ekeza Sacco besides duping clients via property investments using his real estate company... Standing at my balcony, I am seeing a bigger section of Alma that’s incomplete, there’s another one just next here with rusted, maybe rotten steel bars….all these billions of shillings later, loans, money markets, investments….rusted steel.” Gutter press. Life is short. Live passionately.
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Rank: Member Joined: 1/19/2016 Posts: 204
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sparkly wrote:paulkimani wrote:https://newkenyan.com/watch-out-theres-a-scam-about-cytonn-frauds-and-plain-daylight-robbery/
“ Gakuyo bungled over Sh2.5 billion members’ savings at Ekeza Sacco besides duping clients via property investments using his real estate company... Standing at my balcony, I am seeing a bigger section of Alma that’s incomplete, there’s another one just next here with rusted, maybe rotten steel bars….all these billions of shillings later, loans, money markets, investments….rusted steel.” Gutter press. Agreed. Everything in the article has truth though. And next time you’re near Alma, check it out. Rotting steel isn’t the only visible defect. This article may not have credibility but the points it makes are fact.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Reason as to why I'm no longer in Cytonn 1. My hunch tells me to leave 2. The diversification is too much; -Serviced apartments- They are issuing cySuites apartment hotel loan notes worth 850M for operational costs  -Cytonn Asset managers (pension mgt, Cytonn MMF,CAFF,CHYS,CREPN) -Branded merchanidse-They are selling branded T-shirts and powerbanks...Nyasaye!  - Property developers -Property managers-Selling and renting out on behalf of the owners.....why oh why? If Obiero did it, Who Am I?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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paulkimani wrote:sparkly wrote:paulkimani wrote:https://newkenyan.com/watch-out-theres-a-scam-about-cytonn-frauds-and-plain-daylight-robbery/
“ Gakuyo bungled over Sh2.5 billion members’ savings at Ekeza Sacco besides duping clients via property investments using his real estate company... Standing at my balcony, I am seeing a bigger section of Alma that’s incomplete, there’s another one just next here with rusted, maybe rotten steel bars….all these billions of shillings later, loans, money markets, investments….rusted steel.” Gutter press. Agreed. Everything in the article has truth though. And next time you’re near Alma, check it out. Rotting steel isn’t the only visible defect. This article may not have credibility but the points it makes are fact. The opening sentence of the article is loaded with malice. Zero objectivity. Quote:Cytonn Investments, or whatever they call themselves! We may as well call them Gakuyo or whatever. Life is short. Live passionately.
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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sparkly wrote:paulkimani wrote:sparkly wrote:paulkimani wrote:https://newkenyan.com/watch-out-theres-a-scam-about-cytonn-frauds-and-plain-daylight-robbery/
“ Gakuyo bungled over Sh2.5 billion members’ savings at Ekeza Sacco besides duping clients via property investments using his real estate company... Standing at my balcony, I am seeing a bigger section of Alma that’s incomplete, there’s another one just next here with rusted, maybe rotten steel bars….all these billions of shillings later, loans, money markets, investments….rusted steel.” Gutter press. Agreed. Everything in the article has truth though. And next time you’re near Alma, check it out. Rotting steel isn’t the only visible defect. This article may not have credibility but the points it makes are fact. The opening sentence of the article is loaded with malice. Zero objectivity. Quote:Cytonn Investments, or whatever they call themselves! We may as well call them Gakuyo or whatever. Gutter press? If it don't make dollars, it don't make sense
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Balaa wrote:sparkly wrote:paulkimani wrote:sparkly wrote:paulkimani wrote:https://newkenyan.com/watch-out-theres-a-scam-about-cytonn-frauds-and-plain-daylight-robbery/
“ Gakuyo bungled over Sh2.5 billion members’ savings at Ekeza Sacco besides duping clients via property investments using his real estate company... Standing at my balcony, I am seeing a bigger section of Alma that’s incomplete, there’s another one just next here with rusted, maybe rotten steel bars….all these billions of shillings later, loans, money markets, investments….rusted steel.” Gutter press. Agreed. Everything in the article has truth though. And next time you’re near Alma, check it out. Rotting steel isn’t the only visible defect. This article may not have credibility but the points it makes are fact. The opening sentence of the article is loaded with malice. Zero objectivity. Quote:Cytonn Investments, or whatever they call themselves! We may as well call them Gakuyo or whatever. Gutter press? Again, yes The article is full of bile and looses objectivity
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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I wanted to say something but there's nothing left to say
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 1/19/2016 Posts: 204
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https://t.co/2S6GNjzQ4S?amp=1
“ Some property owners have now resorted to cutting monthly rent and offering additional incentives to retain or even attract new occupants.” Cytonn maintained there was and is a property boom. I’m sure somehow this will be a bad article too (as compared to the Cytonn reports - written by Cytonn, focusing on products they sell and why the market is good, never bad to invest in their products. Reliable!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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paulkimani wrote:https://t.co/2S6GNjzQ4S?amp=1
“ Some property owners have now resorted to cutting monthly rent and offering additional incentives to retain or even attract new occupants.”
Cytonn maintained there was and is a property boom. I’m sure somehow this will be a bad article too (as compared to the Cytonn reports - written by Cytonn, focusing on products they sell and why the market is good, never bad to invest in their products. Reliable! My landlord is yet to lower the rent. Life is short. Live passionately.
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Rank: Member Joined: 1/31/2007 Posts: 303
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Cytonn money market fund is advertising aggressively everywhere including vernacular tv stations.What could be happening??are the chickens about to come home to roost?.I am reminded of a similar marketing blitz when goldenscape was coming down..this one doesnt look good.
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