Wazua
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Home Afrika Listing at NSE!
Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Life is short. Live passionately.
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Rank: Member Joined: 3/20/2008 Posts: 503
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sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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xxxxx wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Check on yesterday's Nation newspaper. Auction by Dalali Traders of four blocks of residential apartments in Migaa Golf Estate, Kiambu County Auction will take place on 12 September 2018 @Dalali Traders offices along Kijabe Street next to Universal Church Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Check on yesterday's Nation newspaper. Auction by Dalali Traders of four blocks of residential apartments in Migaa Golf Estate, Kiambu County Auction will take place on 12 September 2018 @Dalali Traders offices along Kijabe Street next to Universal Church Thanks @Ericson I am advised accordingly. Life is short. Live passionately.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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sparkly wrote:Ericsson wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Check on yesterday's Nation newspaper. Auction by Dalali Traders of four blocks of residential apartments in Migaa Golf Estate, Kiambu County Auction will take place on 12 September 2018 @Dalali Traders offices along Kijabe Street next to Universal Church Thanks @Ericson I am advised accordingly. Worrying signs of Home Afrika's cash flow
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Rank: Member Joined: 3/20/2008 Posts: 503
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sparkly wrote:xxxxx wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. The economy is bleeding. Even if HAL did all the hard work, the properties are not affordable and hence uptake of the properties will always be very slow. The cash flow situation is thus unlikely to improve.. at least not in the short/ medium term. The business model requires heavy cash flow to churn out a good deal of relatively cheap properties as well as operational efficiencies in a difficult economy. HAL doesn't have the ability to combine all these required abilities.
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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xxxxx wrote:sparkly wrote:xxxxx wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. The economy is bleeding. Even if HAL did all the hard work, the properties are not affordable and hence uptake of the properties will always be very slow. The cash flow situation is thus unlikely to improve.. at least not in the short/ medium term. The business model requires heavy cash flow to churn out a good deal of relatively cheap properties as well as operational efficiencies in a difficult economy. HAL doesn't have the ability to combine all these required abilities. The fact that its bond was undersigned and cancelled tells it all.. I'm actually quite impressed that HAL has been able to survive this far.. I had called its demise about two years ago but its refusing to take a final bow HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:xxxxx wrote:sparkly wrote:xxxxx wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. The economy is bleeding. Even if HAL did all the hard work, the properties are not affordable and hence uptake of the properties will always be very slow. The cash flow situation is thus unlikely to improve.. at least not in the short/ medium term. The business model requires heavy cash flow to churn out a good deal of relatively cheap properties as well as operational efficiencies in a difficult economy. HAL doesn't have the ability to combine all these required abilities. The fact that its bond was undersigned and cancelled tells it all.. I'm actually quite impressed that HAL has been able to survive this far.. I had called its demise about two years ago but its refusing to take a final bow What other loss-making firms does it remind us of? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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VituVingiSana wrote:obiero wrote:xxxxx wrote:sparkly wrote:xxxxx wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. The economy is bleeding. Even if HAL did all the hard work, the properties are not affordable and hence uptake of the properties will always be very slow. The cash flow situation is thus unlikely to improve.. at least not in the short/ medium term. The business model requires heavy cash flow to churn out a good deal of relatively cheap properties as well as operational efficiencies in a difficult economy. HAL doesn't have the ability to combine all these required abilities. The fact that its bond was undersigned and cancelled tells it all.. I'm actually quite impressed that HAL has been able to survive this far.. I had called its demise about two years ago but its refusing to take a final bow What other loss-making firms does it remind us of? None comes to mind HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:VituVingiSana wrote:obiero wrote:xxxxx wrote:sparkly wrote:xxxxx wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. The economy is bleeding. Even if HAL did all the hard work, the properties are not affordable and hence uptake of the properties will always be very slow. The cash flow situation is thus unlikely to improve.. at least not in the short/ medium term. The business model requires heavy cash flow to churn out a good deal of relatively cheap properties as well as operational efficiencies in a difficult economy. HAL doesn't have the ability to combine all these required abilities. The fact that its bond was undersigned and cancelled tells it all.. I'm actually quite impressed that HAL has been able to survive this far.. I had called its demise about two years ago but its refusing to take a final bow What other loss-making firms does it remind us of? None comes to mind Life is short. Live passionately.
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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sparkly wrote: obiero wrote:VituVingiSana wrote:obiero wrote:xxxxx wrote:sparkly wrote:xxxxx wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. The economy is bleeding. Even if HAL did all the hard work, the properties are not affordable and hence uptake of the properties will always be very slow. The cash flow situation is thus unlikely to improve.. at least not in the short/ medium term. The business model requires heavy cash flow to churn out a good deal of relatively cheap properties as well as operational efficiencies in a difficult economy. HAL doesn't have the ability to combine all these required abilities. The fact that its bond was undersigned and cancelled tells it all.. I'm actually quite impressed that HAL has been able to survive this far.. I had called its demise about two years ago but its refusing to take a final bow What other loss-making firms does it remind us of? None comes to mind
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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If I ever need a Spinmaster, need someone to constantly cheer me up about poor decisions OR deny, deny, deny... I will hire @Obiero Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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Hehe. Plus I am affordable HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Another company that should be put under administration. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:Another company that should be put under administration. Is the whole company worth KShs 284m, More or Less? That is the big question. Life is short. Live passionately.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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sparkly wrote:xxxxx wrote:sparkly wrote:obiero wrote:sparkly wrote:Ericsson wrote:Some of Home Afrika properties in Migaa are being auctioned by creditors to recover ksh.600mn loan Link? Remember these guys took local bank debt and thereafter they failed to fund raise.. I believe it's true and it's definitely their best property that will be on quick sale. Only worry is what happens to guys who bought up positions in their investment plans Where is the link or personal testimony of the auction? Who is the creditor auctioning? When did the auction take place? These details will help me better evaluate the investment. Thanks Someone help @Sparkly urgently.... These monkey dances are going to kill wazuans with pressure. Ati after this, we'll find @Ericsson with Deacons @xxxxx looking at HAL financials, the problem is one of liquidity. They are spending too much money in admin but not putting enough into completing projects. IMO the liquidity issue can be sorted out by more aggressive selling of their projects and investing more of funds raised into completing projects underway. In short they should work harder at converting inventories into cash rather than getting loans and bonds from financiers. Unless HAL is willing to dispose inventory at less than cost, the liquidity situation is not going to improve any time soon. For survival of the firm, that is the bitter but right choice at this point in time. Getting stuck with inventory that isn't moving and with little to no working capital is a sure fire sign of a company about to go belly up. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 3/20/2008 Posts: 503
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sparkly wrote:Ericsson wrote:Another company that should be put under administration. Is the whole company worth KShs 284m, More or Less? That is the big question. You'll be shocked at how fast equity of Kshs N+1 billions can be whittled down to much much less than Ksh248M especially when a catalyst called debt exists in plenty. I'd have referred anyone else to @ARM but u No..coz you've been around a long time to see these things
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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xxxxx wrote:sparkly wrote:Ericsson wrote:Another company that should be put under administration. Is the whole company worth KShs 284m, More or Less? That is the big question. You'll be shocked at how fast equity of Kshs N+1 billions can be whittled down to much much less than Ksh248M especially when a catalyst called debt exists in plenty. I'd have referred anyone else to @ARM but u No..coz you've been around a long time to see these things I hear you and know that things can go wrong very quickly. HAL are in negative KShs 400m but I am betting on them to leverage their land bank to raise funds. Life is short. Live passionately.
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