Reminds me of Olympia where the corrupt Board Members kept on buying shares in firms or made investments every month. And it is all coming crashing down. Watch what merali does at Sameer (Tyres) by selling off properties!

And Pumpers and Dumpers [who shall remain nameless] shall continue Pumping and Dumping.
Respect to @Obiero who finally called them out.

How much was Migaa? Whats the progress so far?

Now, simple mathematics;
1. What is the size of the land, the entire lot and individual plots?
2. How many plots and houses are proposed in that land?
3. How much is a plot and/or house going for?
4. How is that calculated figure compared to the KES2B that is been thrown around?
5. What is the project implementation period, (reminds me of Migaa), i.e when 100% off the plots and/or houses will be sold?
6. What is the going price of nearby land in Riat Hill?

Using the infomation on our hands right now, Home Afrika is HYPER-ULTRA-EXTREMELY risky to buy, until fundamentals change, i will keep off.

It seems guys are very determined to hype this thing, upto the extent of starting new usernames to shore up support. ISORAIT.

But seriously, if the fundamentals are OK, why won't someone just place the numbers on the table so as we can agree to disagree, or disagree to agree.

Don't just say; "its good since its REAL ESTATE, no blogger understands real estate".

Or " the share price has reached its lowest price ever." Seriously???? Investing in hope now???

Or "Financial reports are audited." Even CMC was audited for all those years when funds were being diverted to Jersey island.

Or "the company has become more efficient, as indicated in the financial reports." Wajamaneni, ever heard about an accounting strategy where expected future revenue is booked now to fatten the books? Or an expenditure is postponed to be booked in the future so as the PBT and PAT look good now?

Also, saying that bloggers don't know what Book Value is hillarious just to say the least. This firm own books are the one that show us that the NAV is less than 1/- and less than 0.8/- exclusive of goodwill per share. And would you also tell us the reason why i would pay 6 times the NAV for a firm whose bosses have parrallel companies engaged in the same business???? Conflict of interest?? What was the price before listing by the way?? What was the share structure before listing and how is it now??? Dumping???

Next project they have is the Kikwetu project (Machakos), where they want to build 100,000 houses, +60km away from Nairobi. They can build, but selling is the key issue. .

Let this company first announce extra huge losses.... Let one of the housing projects first fail.... Let the management perform badly first.....

After all of this then @obiero, @VVS and @dunkang will sound more reasonable in their hate speech!

But to dismiss a company ONLY because the share price has fallen is amateur, naive, and plain incompetent