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Cytonn Investments
eco
#51 Posted : Sunday, February 21, 2016 1:26:54 PM
Rank: Member

Joined: 6/17/2011
Posts: 229
sl8r wrote:
Horton wrote:
I have some cash with Cytonn. Did 1m in Oct 2015 for 3 months at 21% it matured in Jan 2016. I rolled it over for 3 more months @18%. Good thing is they pay monthly. No dramas

For the guy who was asking about USD vs KES, if you were to convert from USD to KES and then back to USD, there could be exchange gains/losses here u need to consider. What if the USD:KES goes from 102,4 to maybe 110?

Also, consider buying the Cytonn shares. They had a private placement last year in March for 10/= per share. They are now :
a) at 40/= and
b) hard to come by
c) there is a plan for listing


The Alma, in Ruaka, we got an early bird offer @4.675m in Sept 2015. That's for the 1 bed. Up by 900k so far figuratively speaking.


@ Horton How does one apply for the next (if any) private placement? whats the minimum capital outlay for these cytonn shares?? Im quite interested!!!

Cytonn share officially @ KES 60
popat
#52 Posted : Monday, February 22, 2016 2:33:04 PM
Rank: Member

Joined: 12/2/2009
Posts: 299
Location: kenya
eco wrote:
sl8r wrote:
Horton wrote:
I have some cash with Cytonn. Did 1m in Oct 2015 for 3 months at 21% it matured in Jan 2016. I rolled it over for 3 more months @18%. Good thing is they pay monthly. No dramas

For the guy who was asking about USD vs KES, if you were to convert from USD to KES and then back to USD, there could be exchange gains/losses here u need to consider. What if the USD:KES goes from 102,4 to maybe 110?

Also, consider buying the Cytonn shares. They had a private placement last year in March for 10/= per share. They are now :
a) at 40/= and
b) hard to come by
c) there is a plan for listing


The Alma, in Ruaka, we got an early bird offer @4.675m in Sept 2015. That's for the 1 bed. Up by 900k so far figuratively speaking.


@ Horton How does one apply for the next (if any) private placement? whats the minimum capital outlay for these cytonn shares?? Im quite interested!!!

Cytonn share officially @ KES 60
So where can one get these shares.
KulaRaha
#53 Posted : Monday, February 22, 2016 3:46:42 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Minimum Amount Ksh. 5 Million +
Term 3 months to 6 months
Return 14% pa (quarterly interest)
Ins. Company Pan African

Minimum Amount Ksh. 5 Million +
Term 3 months
Return 12.5% pa net (17.86% gross for CORPORATES and 14.70% gross for individuals)
Bank Post Bank

Minimum Amount Ksh. 1 Million +
Term 3 months / 6 months
Return 13% pa / 13.5% pa
Ins. Company British American

Minimum Amount Ksh. 1 Million +
Term 3 months / 6 months
Return 11.5% pa / 12% pa
Ins. Company UAP

Minimum Amount Ksh. 1 Million +
Term 3 months to 12 months
Return 18% pa
Broker Cytonn Investments

See anything odd?
Business opportunities are like buses,there's always another one coming
popat
#54 Posted : Monday, February 22, 2016 5:28:54 PM
Rank: Member

Joined: 12/2/2009
Posts: 299
Location: kenya
KulaRaha wrote:
Minimum Amount Ksh. 5 Million +
Term 3 months to 6 months
Return 14% pa (quarterly interest)
Ins. Company Pan African

Minimum Amount Ksh. 5 Million +
Term 3 months
Return 12.5% pa net (17.86% gross for CORPORATES and 14.70% gross for individuals)
Bank Post Bank

Minimum Amount Ksh. 1 Million +
Term 3 months / 6 months
Return 13% pa / 13.5% pa
Ins. Company British American

Minimum Amount Ksh. 1 Million +
Term 3 months / 6 months
Return 11.5% pa / 12% pa
Ins. Company UAP

Minimum Amount Ksh. 1 Million +
Term 3 months to 12 months
Return 18% pa
Broker Cytonn Investments

See anything odd?
This amounts to 1.5%per month???for Cytonn.Is that right??
maka
#55 Posted : Monday, February 22, 2016 5:30:24 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
popat wrote:
KulaRaha wrote:
Minimum Amount Ksh. 5 Million +
Term 3 months to 6 months
Return 14% pa (quarterly interest)
Ins. Company Pan African

Minimum Amount Ksh. 5 Million +
Term 3 months
Return 12.5% pa net (17.86% gross for CORPORATES and 14.70% gross for individuals)
Bank Post Bank

Minimum Amount Ksh. 1 Million +
Term 3 months / 6 months
Return 13% pa / 13.5% pa
Ins. Company British American

Minimum Amount Ksh. 1 Million +
Term 3 months / 6 months
Return 11.5% pa / 12% pa
Ins. Company UAP

Minimum Amount Ksh. 1 Million +
Term 3 months to 12 months
Return 18% pa
Broker Cytonn Investments

See anything odd?
This amounts to 1.5%per month???for Cytonn.Is that right??


Remove WHT at 15%
possunt quia posse videntur
Bachuma Gate
#56 Posted : Monday, February 22, 2016 6:41:49 PM
Rank: Member

Joined: 3/26/2012
Posts: 280
They were at Galleria Sato. Rate18%. Min invest 1m. Min period 1 month with rollover.
DOH
Bachuma Gate
#57 Posted : Monday, February 22, 2016 6:46:42 PM
Rank: Member

Joined: 3/26/2012
Posts: 280
Kula you will help us if you expound. I know they basically put the money in real estate development. But the bigger portion comes from PE. If they were to borrow, they would pay between 18% to 25pa.
DOH
Bachuma Gate
#58 Posted : Monday, February 22, 2016 6:48:21 PM
Rank: Member

Joined: 3/26/2012
Posts: 280
CIC are currently doing 15%. From my mm statement.
DOH
KenyanEconomist
#59 Posted : Monday, February 22, 2016 7:05:41 PM
Rank: New-farer

Joined: 5/7/2014
Posts: 40
Bachuma Gate wrote:
Kula you will help us if you expound. I know they basically put the money in real estate development. But the bigger portion comes from PE. If they were to borrow, they would pay between 18% to 25pa.



I don't think that Cytonn is investing money market cash in either property development or Private Equity, as both asset classes are medium to long term in duration, while money market cash matures in less than months. Not sure where they get the additional yield, but most likely it comes from taking more risk than other competitors!
Horton
#60 Posted : Monday, February 22, 2016 8:18:42 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
If anyone attends their events, they deal with the top ten banks in Kenya and put in money based on individual bank requirements. They have large sums and hence command greater interest vs an individual
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