"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