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Cytonn Investments
Rank: Elder Joined: 7/22/2008 Posts: 2,722
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passiveinvestor wrote:Angelica _ann wrote:Cytonn launches Sh30bn housing fund. So far ... Cytonn Asset Managers Ltd principal officer Victor Odendo said it had raised about Sh13 billion locally in the past year via their Cytonn high yield (10.4 billion), unit trusts (Sh700 million) and a further Sh2 billion via the Cytonn Money Market Fund. https://www.businessdail...sAMP-2epq0uz/index.html Is this a public investment regulated by CMA? If so, does anyone have a link to the prospectus? Can't find any on CMA website. Sh. 30 billion to build 6000 units 30,000,000,000 / 6,000 =30,000,000 / 6 = 5,000,000 Assuming everything this Government says is true: 10% downpayment and 7% fixed interest rate for 25 years. Payments on Ksh. 5,000,0000 will be Ksh.31,805.06 every month for 25 years. Assuming a realistic interest rate of 15%, Those monthly payments jump to Ksh. 57,637.38
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Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda
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Kusadikika wrote:passiveinvestor wrote:Angelica _ann wrote:Cytonn launches Sh30bn housing fund. So far ... Cytonn Asset Managers Ltd principal officer Victor Odendo said it had raised about Sh13 billion locally in the past year via their Cytonn high yield (10.4 billion), unit trusts (Sh700 million) and a further Sh2 billion via the Cytonn Money Market Fund. https://www.businessdail...sAMP-2epq0uz/index.html Is this a public investment regulated by CMA? If so, does anyone have a link to the prospectus? Can't find any on CMA website. Sh. 30 billion to build 6000 units 30,000,000,000 / 6,000 =30,000,000 / 6 = 5,000,000 Assuming everything this Government says is true: 10% downpayment and 7% fixed interest rate for 25 years. Payments on Ksh. 5,000,0000 will be Ksh.31,805.06 every month for 25 years. Assuming a realistic interest rate of 15%, Those monthly payments jump to Ksh. 57,637.38 What guarantees do I have that I'll afford 57637 per Month for the next 25 yrs in this shithole nation where job loses are the order of the day punda amecheka
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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newfarer wrote:Kusadikika wrote:passiveinvestor wrote:Angelica _ann wrote:Cytonn launches Sh30bn housing fund. So far ... Cytonn Asset Managers Ltd principal officer Victor Odendo said it had raised about Sh13 billion locally in the past year via their Cytonn high yield (10.4 billion), unit trusts (Sh700 million) and a further Sh2 billion via the Cytonn Money Market Fund. https://www.businessdail...sAMP-2epq0uz/index.html Is this a public investment regulated by CMA? If so, does anyone have a link to the prospectus? Can't find any on CMA website. Sh. 30 billion to build 6000 units 30,000,000,000 / 6,000 =30,000,000 / 6 = 5,000,000 Assuming everything this Government says is true: 10% downpayment and 7% fixed interest rate for 25 years. Payments on Ksh. 5,000,0000 will be Ksh.31,805.06 every month for 25 years. Assuming a realistic interest rate of 15%, Those monthly payments jump to Ksh. 57,637.38 What guarantees do I have that I'll afford 57637 per Month for the next 25 yrs in this shithole nation where job loses are the order of the day And that there explains the current <20,000 mortgages in this country For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Member Joined: 12/8/2006 Posts: 104
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rwitre wrote: Cytonn named most innovative property developerLINKQuote:
Cytonn Real Estate has been recognised by the International Finance Magazine as the most innovative community developer (mixed use) in Kenya during the International Finance Awards that took place on November 18.
The category is won by companies that demonstrate excellence in the residential and commercial property space in emerging markets.
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Besides The Alma, Cytonn has other real estate projects including Amara Ridge in Karen, The Ridge, RiverRun, Taraji Heights, Applewood and NewTown. The company says it is running property developments worth a total of Sh82 billion.
This is all just PR fluff. That is a meaningless award in a very narrow, niche category (probably the only entrant from Kenya). Meanwhile, no CMA data on this supposed REIT so either not regulated or only for private placement with "sophisticated investors"
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Rank: Member Joined: 1/19/2016 Posts: 204
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Rank: Elder Joined: 12/7/2012 Posts: 11,936
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paulkimani wrote:https://edition.pagesuite.com/popovers/dynamic_article_popover.aspx?artguid=e8188b90-31ac-4e4f-84fd-cb7e7f07db7f&appid=3420 2020 is the year the ponzi falls. The article doesn't show it is a ponzi scheme! 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: Member Joined: 1/19/2016 Posts: 204
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Angelica _ann wrote:paulkimani wrote:https://edition.pagesuite.com/popovers/dynamic_article_popover.aspx?artguid=e8188b90-31ac-4e4f-84fd-cb7e7f07db7f&appid=3420 2020 is the year the ponzi falls. The article doesn't show it is a ponzi scheme! Yes, I didn’t say it said that :). My opinion and yours is also valid :) The article brings up flags and it’s up to the individual to make up their own mind on whether to trust the firm. Have a good week!
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Angelica _ann wrote:paulkimani wrote:https://edition.pagesuite.com/popovers/dynamic_article_popover.aspx?artguid=e8188b90-31ac-4e4f-84fd-cb7e7f07db7f&appid=3420 2020 is the year the ponzi falls. The article doesn't show it is a ponzi scheme! So CMA will watch investors getting burned at NSE, but will be used by a bank that's jittery about competition to strangle the new kid on the block who is attracting more new clients? And how are there only 5 banks in Kenya that can be trustees? Our market needs to evolve.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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paulkimani wrote:https://edition.pagesuite.com/popovers/dynamic_article_popover.aspx?artguid=e8188b90-31ac-4e4f-84fd-cb7e7f07db7f&appid=3420 2020 is the year the ponzi falls. Why are the other banks declining trusteeship? I wonder  Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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mnandii wrote:paulkimani wrote:https://edition.pagesuite.com/popovers/dynamic_article_popover.aspx?artguid=e8188b90-31ac-4e4f-84fd-cb7e7f07db7f&appid=3420 2020 is the year the ponzi falls. Why are the other banks declining trusteeship? I wonder Coop: "Channel your funds to our bank deposits or we'll stop being your trustees" Stanbic Bank: Not sure The other 3: Likely saying "Less competition in the money markets, better business for us"
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