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Home Afrika Listing at NSE!
VituVingiSana
#1041 Posted : Wednesday, March 23, 2016 12:32:31 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
If you do not trust the management...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Pesa Nane
#1042 Posted : Wednesday, March 23, 2016 5:22:15 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
whiteowl wrote:
littledove wrote:
http://www.standardmedia.co.ke/business/article/2000195789/cma-orders-home-afrika-to-refund-bond-subscribers-sh300-million

CMA ruled that the changes, contrary to the information memorandum Home Afrika presented and terms of approval of the ill-fated bond, constitute a deliberate "misinformation or deception" of the public. The authority has since demanded Home Afrika to refund the raised amount even though the corporate bond was under-subscribed by 60 per cent. CMA has also penalised NIC Capital and Kingdom Securities, the bond advisors for misleading Home Afrika to revise the coupon rate from 13.5 to 17 per cent.
Read more at: http://www.standardmedia...bscribers-sh300-million

where will they get money to refund?


Looks like the CMA finally woke up from their self induced coma.

Wont bet on that, perhaps someone is jobhunting
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#1043 Posted : Thursday, March 31, 2016 3:56:11 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
murchr
#1044 Posted : Wednesday, May 04, 2016 3:52:13 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Things are thick in this bus

"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
.
Gatheuzi
#1045 Posted : Wednesday, May 04, 2016 7:33:54 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
obiero
#1046 Posted : Sunday, May 08, 2016 5:22:56 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,520
Location: nairobi
obiero wrote:
sparkly wrote:
obiero wrote:
wannaberich wrote:
Risasi Sufuri wrote:
VituVingiSana wrote:
Aguytrying wrote:
I wish more brain power was used discussing the profitable, strong, prospering stocks. Not the struggling HAL, KQ, Mumias where the largest percentage of wazua brain power goes
More fun hapo! Schadenfreude. Ask @Obiero about me & Olympia! I made a 180-degree turn on that piece of crap whose CEO is nothing but a crook.


Had to make this turn in Dec 2015 luckly I exited unscathed!!! Those on the ride tighten your seat belts.


U are lucky u exited. #Tightening my already tight seatbelt

That board of directors list leaves a whole lot to be desired


The volume patterns shows that institutional investors are taking over from the founders. At 2/= this is a speculators' stock.

Speculator or fools paradise?? Do not attempt to buy into this one

The PPT called me bad names here for labelling HAFR a bandia firm

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
sparkly
#1047 Posted : Sunday, May 08, 2016 7:09:22 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
obiero wrote:
sparkly wrote:
obiero wrote:
wannaberich wrote:
Risasi Sufuri wrote:
VituVingiSana wrote:
Aguytrying wrote:
I wish more brain power was used discussing the profitable, strong, prospering stocks. Not the struggling HAL, KQ, Mumias where the largest percentage of wazua brain power goes
More fun hapo! Schadenfreude. Ask @Obiero about me & Olympia! I made a 180-degree turn on that piece of crap whose CEO is nothing but a crook.


Had to make this turn in Dec 2015 luckly I exited unscathed!!! Those on the ride tighten your seat belts.


U are lucky u exited. #Tightening my already tight seatbelt

That board of directors list leaves a whole lot to be desired


The volume patterns shows that institutional investors are taking over from the founders. At 2/= this is a speculators' stock.

Speculator or fools paradise?? Do not attempt to buy into this one

The PPT called me bad names here for labelling HAFR a bandia firm


Just like you call people ignorant and unknowing when they say KQ is a lost cause.
Life is short. Live passionately.
obiero
#1048 Posted : Sunday, May 08, 2016 7:13:49 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,520
Location: nairobi
sparkly wrote:
obiero wrote:
obiero wrote:
sparkly wrote:
obiero wrote:
wannaberich wrote:
Risasi Sufuri wrote:
VituVingiSana wrote:
Aguytrying wrote:
I wish more brain power was used discussing the profitable, strong, prospering stocks. Not the struggling HAL, KQ, Mumias where the largest percentage of wazua brain power goes
More fun hapo! Schadenfreude. Ask @Obiero about me & Olympia! I made a 180-degree turn on that piece of crap whose CEO is nothing but a crook.


Had to make this turn in Dec 2015 luckly I exited unscathed!!! Those on the ride tighten your seat belts.


U are lucky u exited. #Tightening my already tight seatbelt

That board of directors list leaves a whole lot to be desired


The volume patterns shows that institutional investors are taking over from the founders. At 2/= this is a speculators' stock.

Speculator or fools paradise?? Do not attempt to buy into this one

The PPT called me bad names here for labelling HAFR a bandia firm


Just like you call people ignorant and unknowing when they say KQ is a lost cause.

I have never. Weka link.... I always say im kamikaze on KQ. like the ex who forever stays in mind. cant let go

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
obiero
#1049 Posted : Sunday, May 08, 2016 7:38:15 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,520
Location: nairobi
sparkly wrote:
obiero wrote:
obiero wrote:
sparkly wrote:
obiero wrote:
wannaberich wrote:
Risasi Sufuri wrote:
VituVingiSana wrote:
Aguytrying wrote:
I wish more brain power was used discussing the profitable, strong, prospering stocks. Not the struggling HAL, KQ, Mumias where the largest percentage of wazua brain power goes
More fun hapo! Schadenfreude. Ask @Obiero about me & Olympia! I made a 180-degree turn on that piece of crap whose CEO is nothing but a crook.


Had to make this turn in Dec 2015 luckly I exited unscathed!!! Those on the ride tighten your seat belts.


U are lucky u exited. #Tightening my already tight seatbelt

That board of directors list leaves a whole lot to be desired


The volume patterns shows that institutional investors are taking over from the founders. At 2/= this is a speculators' stock.

Speculator or fools paradise?? Do not attempt to buy into this one

The PPT called me bad names here for labelling HAFR a bandia firm


Just like you call people ignorant and unknowing when they say KQ is a lost cause.


HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Sam_Kibs
#1050 Posted : Thursday, June 09, 2016 4:52:36 PM
Rank: New-farer


Joined: 7/1/2015
Posts: 67
rights issue coming up. preparing my cash to take up the rights
“It’s no good, it’s no good!” says the buyer—
then goes off and boasts about the purchase-Proverbs 20:14
Ebenyo
#1051 Posted : Thursday, June 09, 2016 5:12:33 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
Sam_Kibs wrote:
rights issue coming up. preparing my cash to take up the rights


Since listing in NSE,Home afrika has always been in the news in need of cash for this and that project.All these while posting losses year in year out.They are involved in many projects which are making losses!Why not finish one then move to the next? Why the rights issue? shareholder to pump more money in a moribund company? I guess stanlib fahari I-Reit will go this same route.
Towards the goal of financial freedom
Plimsoul
#1052 Posted : Thursday, June 09, 2016 6:29:02 PM
Rank: Member


Joined: 3/3/2016
Posts: 132
Sam_Kibs wrote:
rights issue coming up. preparing my cash to take up the rights


Market cap is what 560m? How much could they possibly raise that would be useful for developing something of scale?
obiero
#1053 Posted : Thursday, June 09, 2016 7:12:38 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,520
Location: nairobi
this is the mother of all zombie firms. a racketeer actually. bandia through and through

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
researchfirst
#1054 Posted : Thursday, June 09, 2016 8:02:20 PM
Rank: Member


Joined: 2/24/2015
Posts: 154
Location: Nairobi
obiero wrote:
this is the mother of all zombie firms. a racketeer actually. bandia through and through


I do not know if I would go as far as all this, but I do agree there are way too many red flags on this one. I am staying well clear of this company.
murchr
#1055 Posted : Friday, June 10, 2016 4:53:24 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980


"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
.
lochaz-index
#1056 Posted : Friday, June 10, 2016 5:37:07 PM
Rank: Veteran


Joined: 9/18/2014
Posts: 1,127
murchr wrote:



Stunning. http://www.bloomberg.com...ty-developer-seeks-funds
The main purpose of the stock market is to make fools of as many people as possible.
obiero
#1057 Posted : Friday, June 10, 2016 6:20:35 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,520
Location: nairobi
pray, how can one tell that earlier funds were well utilised

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
mkate_nusu
#1058 Posted : Saturday, June 11, 2016 11:29:30 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
murchr wrote:




Wolololololo... the House is on FIRE !!!
KEGN, KPLC, KQ, SCOM
hisah
#1059 Posted : Monday, June 13, 2016 3:46:30 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Prints an all time low of KES 1.25. Lowest price print of any NSE counter! The race to the bottom continues closely followed by ADSS, MSC and paka. Others looking to join the party are Uchumi and KQ as their prices hoover just above KES 3.00.

Waiting for @obiero to knock me out for highlighting that plane in a steep nosedive smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
VituVingiSana
#1060 Posted : Monday, June 13, 2016 4:09:47 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
hisah wrote:
Prints an all time low of KES 1.25. Lowest price print of any NSE counter! The race to the bottom continues closely followed by ADSS, MSC and paka. Others looking to join the party are Uchumi and KQ as their prices hoover just above KES 3.00.

Waiting for @obiero to knock me out for highlighting that plane in a steep nosedive smile
Utamwambiwa wewe ni mganga! Msaliti. Adui.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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