wazua Mon, Jan 13, 2025
Welcome Guest Search | Active Topics | Log In | Register

4 Pages123>»
Kurwitu Ventures Listing on NSE
Options
Previous Topic · Next Topic
stock.enigma
#1 Posted : Tuesday, November 04, 2014 9:20:41 AM
Rank: Member


Joined: 8/14/2009
Posts: 244
http://www.kurwituventures.com/ They say in an advert that they will be listing 102,272 shares under GEMS to start trading on 13th Nov. 2014. I cant understand what they do, even as I read their website. Is there anyone who knows them?
Back to top
 Report Abusive | Report SPAM
muganda
#2 Posted : Tuesday, November 04, 2014 9:32:21 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Kurwitu Ventures is a pioneer in its chosen field as a provider of sharia compliant investment products.

Basically, they seem to be raising funds from Islamic organizations for investment in agricultural businesses.
Back to top
 Report Abusive | Report SPAM
stock.enigma
#3 Posted : Tuesday, November 04, 2014 10:07:53 AM
Rank: Member


Joined: 8/14/2009
Posts: 244
This is what they say on their website.


"Kurwitu Ventures will invest in opportunities that provide a reasonable amount of management control. Agriculture is the top foreign exchange earner in the economy, yet it is also plagued with several structural inefficiencies".

Addressing these inefficiencies could provide superior returns. Although the focus in on agriculture, Kurwitu will make effort to invest in non-agriculture ventures that meet the key Sharia Compliance Test and has the potential to post attractive return on capital.
Back to top
 Report Abusive | Report SPAM
The optimist
#4 Posted : Tuesday, November 04, 2014 10:12:03 AM
Rank: Member


Joined: 6/14/2010
Posts: 521
Location: Nairobi
stock.enigma wrote:
This is what they say on their website.


"Kurwitu Ventures will invest in opportunities that provide a reasonable amount of management control. Agriculture is the top foreign exchange earner in the economy, yet it is also plagued with several structural inefficiencies".

Addressing these inefficiencies could provide superior returns. Although the focus in on agriculture, Kurwitu will make effort to invest in non-agriculture ventures that meet the key Sharia Compliance Test and has the potential to post attractive return on capital.

'It did not meet the original intentions due to the busy nature of the founders' Pray
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#5 Posted : Tuesday, November 04, 2014 11:00:41 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
LMAO

http://www.kurwituventur...dex.php/company-history

This is not my cup of tea. Something seems odd but I cannot put my finger on it yet. Perhaps a bit of Home Afrika?

"Kurwitu Ventures is a pioneer in its chosen field as a provider of sharia compliant investment products. It is the first company listed on the NSE with a focus on attracting Islamic investors into the capital markets."

When did it list on the NSE?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM | Edit by user: Tuesday, November 04, 2014 11:26 AM | Reason: Not specified
dunkang
#6 Posted : Tuesday, November 04, 2014 11:28:24 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
PASS...!
Receive with simplicity everything that happens to you.” ― Rashi

Back to top
 Report Abusive | Report SPAM
maka
#7 Posted : Tuesday, November 04, 2014 11:41:32 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
How now...
possunt quia posse videntur
Back to top
 Report Abusive | Report SPAM
ReadMore
#8 Posted : Tuesday, November 04, 2014 12:08:12 PM
Rank: Hello


Joined: 10/18/2014
Posts: 3
Under Products: "Kurwitu may also provide investment products exclusively or jointly with others as a “pass-through”. Such products may or may not feature on the company’s balance sheet and would be in the form of asset backed securities, real estate investment trusts and investment notes."
Back to top
 Report Abusive | Report SPAM
ReadMore
#9 Posted : Tuesday, November 04, 2014 1:08:40 PM
Rank: Hello


Joined: 10/18/2014
Posts: 3
VituVingiSana wrote:
LMAO

http://www.kurwituventur...dex.php/company-history

This is not my cup of tea. Something seems odd but I cannot put my finger on it yet. Perhaps a bit of Home Afrika?

"Kurwitu Ventures is a pioneer in its chosen field as a provider of sharia compliant investment products. It is the first company listed on the NSE with a focus on attracting Islamic investors into the capital markets."

When did it list on the NSE?


@VVS From their website I think these guys could very well be the NSE. One of the company's goals is:
"Innovation: To introduce innovative products to the capital markets" Laughing out loudly

http://www.kurwituventures.com/index.php/mission
Back to top
 Report Abusive | Report SPAM
mchsmy
#10 Posted : Tuesday, November 04, 2014 2:12:03 PM
Rank: Hello


Joined: 9/11/2014
Posts: 2
Location: Nairobi
Shame on you ,what do they do,am also lost.
Back to top
 Report Abusive | Report SPAM
Aguytrying
#11 Posted : Tuesday, November 04, 2014 2:22:56 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Confirmed. we're in a bull market. I would pick olympia capital any day (i would never pick olympia). Ther company history is scaring to say the least.

"The founders of the Company decided to inject fresh capital into the capital and make it a vehicle of Sharia Compliant Investments in 2012. In 2013 the Board of Directors decided to focus on restructuring the company and prepare it for a listing on the Nairobi Securities Exchange. Hence all effort was invested in the restructuring process and no revenue was posted to the company books."

A company with no revenue in the last year, that was formed 8 years ago, which restructured 2 years ago, wants to list on the NSE. I give up
The investor's chief problem - and even his worst enemy - is likely to be himself
Back to top
 Report Abusive | Report SPAM
Mart_Consult
#12 Posted : Tuesday, November 04, 2014 2:35:23 PM
Rank: Member


Joined: 11/7/2013
Posts: 127
Location: Nairobi, Kenya
@Aguy ...no listing possible...even companies listing on the GEMS market must have had at least turnover of Kshs. 10 m in the past 1-2 years...profitability's not considered...interesting take though would be if it's a Somali-backed business...they are normally more interested in making money than governance/ management issues...still...it doesn't cut
I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
Back to top
 Report Abusive | Report SPAM
Chaka
#13 Posted : Tuesday, November 04, 2014 3:33:26 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
Who are the existing share holders of this outfit and whats supposed to be the share price of the 102,272 shares on offer?
Back to top
 Report Abusive | Report SPAM
Angelica _ann
#14 Posted : Tuesday, November 04, 2014 3:56:09 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Chaka wrote:
Who are the existing share holders of this outfit and whats supposed to be the share price of the 102,272 shares on offer?


Kidogo sana or they will be split like x100 or more
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
 Report Abusive | Report SPAM
MaichBlack
#15 Posted : Tuesday, November 04, 2014 6:14:21 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
Aguytrying wrote:
Confirmed. we're in a bull market. I would pick olympia capital any day (i would never pick olympia). Ther company history is scaring to say the least.

"The founders of the Company decided to inject fresh capital into the capital and make it a vehicle of Sharia Compliant Investments in 2012. In 2013 the Board of Directors decided to focus on restructuring the company and prepare it for a listing on the Nairobi Securities Exchange. Hence all effort was invested in the restructuring process and no revenue was posted to the company books."

A company with no revenue in the last year, that was formed 8 years ago, which restructured 2 years ago, wants to list on the NSE. I give up

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

I've never heard of the fellows but if this the state of affairs... No comment!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top
 Report Abusive | Report SPAM | Edit by user: Tuesday, November 04, 2014 6:15 PM | Reason: Not specified
target1360
#16 Posted : Tuesday, November 04, 2014 9:03:06 PM
Rank: Member


Joined: 5/14/2014
Posts: 288
Location: nairobi
that it is advisable to avoid newly listed companys.
I find satisfaction in owning great business,not trading them
Back to top
 Report Abusive | Report SPAM
target1360
#17 Posted : Tuesday, November 04, 2014 9:43:22 PM
Rank: Member


Joined: 5/14/2014
Posts: 288
Location: nairobi
long copy paste-alert!!

Kurwitu Ventures was incorporated in 23rd August, 2006. It was issued with a certificate of Incorporation on 8th September, 2006. The Certificate of Incorporation is C. 128146.


The name Kurwitu is borrowed from an ancient vanished settlement that existed in present day Kilifi County to the sea side of the villages of Shariani and Vipingo. Kurwitu beach exists close to the ancient site of the old settlement.


The Company was formed to provide Investment Management Services. It did not meet the original intentions due to the busy nature of the founders. At a certain point in 2012, the Board of Directors had to make a strategic decision on the future of the company as it became obvious that the company required some new ideas and direction.

The founders of the Company decided to inject fresh capital into the capital and make it a vehicle of Sharia Compliant Investments in 2012. In 2013 the Board of Directors decided to focus on restructuring the company and prepare it for a listing on the Nairobi Securities Exchange. Hence all effort was invested in the restructuring process and no revenue was posted to the company books.

Company Objectives
Kurwitu Ventures is a pioneer in its chosen field as a provider of sharia compliant investment products. It is the first company listed on the NSE with a focus on attracting Islamic investors into the capital markets.
As part of our mission Kurwitu Venture has outlined the following key strategic goals and objectives:


a) Leading Investment Vehicle: To become the number one Sharia Compliant investment vehicle by being client-driven and consistently seeking high returns for our investors

b) Trusted Intermediary: To be the trusted investment intermediary of sharia compliant products. Kurwitu Ventures intends to do so by adhering to prudence, integrity and fiduciary responsibility

c) Innovation: To introduce innovative products to the capital markets

d) High Returns: To give investors a competitive return on their investment given the specific investment risk; and

e) Good Governance: Adopt strong systems of internal governance and controls whilst embracing a culture of innovation

canttouchthis



I find satisfaction in owning great business,not trading them
Back to top
 Report Abusive | Report SPAM
whiteowl
#18 Posted : Tuesday, November 04, 2014 10:34:18 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
MaichBlack wrote:
Aguytrying wrote:
Confirmed. we're in a bull market. I would pick olympia capital any day (i would never pick olympia). Ther company history is scaring to say the least.

"The founders of the Company decided to inject fresh capital into the capital and make it a vehicle of Sharia Compliant Investments in 2012. In 2013 the Board of Directors decided to focus on restructuring the company and prepare it for a listing on the Nairobi Securities Exchange. Hence all effort was invested in the restructuring process and no revenue was posted to the company books."

A company with no revenue in the last year, that was formed 8 years ago, which restructured 2 years ago, wants to list on the NSE. I give up

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

I've never heard of the fellows but if this the state of affairs... No comment!!!

I'm also injecting fresh capital and "restructuring" my local kiosk then listing. Anyone buying? Laughing out loudly
Back to top
 Report Abusive | Report SPAM
MaichBlack
#19 Posted : Tuesday, November 04, 2014 10:35:17 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
target1360 wrote:
long copy paste-alert!!

Kurwitu Ventures was incorporated in 23rd August, 2006. It was issued with a certificate of Incorporation on 8th September, 2006. The Certificate of Incorporation is C. 128146.


The name Kurwitu is borrowed from an ancient vanished settlement that existed in present day Kilifi County to the sea side of the villages of Shariani and Vipingo. Kurwitu beach exists close to the ancient site of the old settlement.


The Company was formed to provide Investment Management Services. It did not meet the original intentions due to the busy nature of the founders. At a certain point in 2012, the Board of Directors had to make a strategic decision on the future of the company as it became obvious that the company required some new ideas and direction.

The founders of the Company decided to inject fresh capital into the capital and make it a vehicle of Sharia Compliant Investments in 2012. In 2013 the Board of Directors decided to focus on restructuring the company and prepare it for a listing on the Nairobi Securities Exchange. Hence all effort was invested in the restructuring process and no revenue was posted to the company books.

Company Objectives
Kurwitu Ventures is a pioneer in its chosen field as a provider of sharia compliant investment products. It is the first company listed on the NSE with a focus on attracting Islamic investors into the capital markets.
As part of our mission Kurwitu Venture has outlined the following key strategic goals and objectives:


a) Leading Investment Vehicle: To become the number one Sharia Compliant investment vehicle by being client-driven and consistently seeking high returns for our investors

b) Trusted Intermediary: To be the trusted investment intermediary of sharia compliant products. Kurwitu Ventures intends to do so by adhering to prudence, integrity and fiduciary responsibility

c) Innovation: To introduce innovative products to the capital markets

d) High Returns: To give investors a competitive return on their investment given the specific investment risk; and

e) Good Governance: Adopt strong systems of internal governance and controls whilst embracing a culture of innovation

canttouchthis




Geez!!! You guys tell me you are joking???

I know CMA have perfected the art of sleeping on the job but seriously!!?? What is the threshold of listing nowadays???
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top
 Report Abusive | Report SPAM
MaichBlack
#20 Posted : Tuesday, November 04, 2014 10:37:15 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
whiteowl wrote:
MaichBlack wrote:
Aguytrying wrote:
Confirmed. we're in a bull market. I would pick olympia capital any day (i would never pick olympia). Ther company history is scaring to say the least.

"The founders of the Company decided to inject fresh capital into the capital and make it a vehicle of Sharia Compliant Investments in 2012. In 2013 the Board of Directors decided to focus on restructuring the company and prepare it for a listing on the Nairobi Securities Exchange. Hence all effort was invested in the restructuring process and no revenue was posted to the company books."

A company with no revenue in the last year, that was formed 8 years ago, which restructured 2 years ago, wants to list on the NSE. I give up

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

I've never heard of the fellows but if this the state of affairs... No comment!!!

I'm also injecting fresh capital and "restructuring" my local kiosk then listing. Anyone buying? Laughing out loudly

In that case yours will be a hot cake!!! I'm sure it will have some revenue! You just need to sell two bananas or a bamba 20 scratch card.

Laughing out loudly Laughing out loudly Laughing out loudly
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest (2)
4 Pages123>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.