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SportPesa IPO
Rank: Member Joined: 5/6/2008 Posts: 199
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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This should be interesting! A good PR move too given the political pressure. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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VituVingiSana wrote:This should be interesting! A good PR move too given the political pressure. Unethical  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: 1/22/2015 Posts: 682
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They should market it as a chance for punters to reclaim all their lost cash 
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Angelica _ann wrote:VituVingiSana wrote:This should be interesting! A good PR move too given the political pressure. Unethical Mlitudharau aha aha haa who is laughing now Green section always has eyes on the moneyHata nyinyi mtabet kwa lazima If Obiero did it, Who Am I?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Nice... The house always wins...
Was the 35% gambling tax implemented?
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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this will be hot and euphoria charged. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Betting companies are aware of 2 factors affecting their business: 1. Gambler fatigue-where erstwhile dedicated gamblers get exhausted due to losses and opt to stop/reduce betting. 2.Increased competition-Entrants are bound to keep increasing thus muddying the pool.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Mature business, time to rope Wanjiku in and scatter like #Amanya. cc. HAFR  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: 3/9/2010 Posts: 320 Location: kenya
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Angelica _ann wrote:Mature business, time to rope Wanjiku in and scatter like #Amanya. cc. HAFR I don't bet but for once my interest has been aroused by this company. Everyone i meet are discussing sportpesa as if they own it. Now i think its time we own and play the game too. Anyone here with their recent financial results Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Angelica _ann wrote:Mature business, time to rope Wanjiku in and scatter like #Amanya. cc. HAFR The speculators will make money. This IPO is not for the likes of VVS and Obiero who get in a marital relationship with their stocks If Obiero did it, Who Am I?
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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The current owners of Sportpesa will exit as major billionaires. If its true they make 100 billion a year in revenue and suppose they have the same margins as Safaricom or slightly lower, we seeing a valuation of maybe 200b to 300b. Going by this ownership structure (in the link), a guy like Karauri can walk out with 18 billion. https://naibuzz.com/owns...pesa-list-owners-photos/
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Rank: New-farer Joined: 2/27/2018 Posts: 56 Location: Cambrian Dc
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When you see capitalists 'sharing' their wealth with the masses jua ni kubaya. The fact that they've been pushing the 'jenga bet' so hard should be an indication that they are not doing well. Anyway, I'll jump in and out very quickly. If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Swenani wrote:Angelica _ann wrote:Mature business, time to rope Wanjiku in and scatter like #Amanya. cc. HAFR The speculators will make money. This IPO is not for the likes of VVS and Obiero who get in a marital relationship with their stocks I am happy to buy at the IPO and sell to the sods who think they can actually win at gambling! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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[quote=watesh]The current owners of Sportpesa will exit as major billionaires. If its true they make 100 billion a year in revenue and suppose they have the same margins as Safaricom or slightly lower, we seeing a valuation of maybe 200b to 300b. Going by this ownership structure (in the link), a guy like Karauri can walk out with 18 billion. https://naibuzz.com/owns...esa-list-owners-photos/[/quote] Kenyan wallstreet puts their annual global revenue at Kes 43 birrion If Obiero did it, Who Am I?
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Angelica _ann wrote:Mature business, time to rope Wanjiku in and scatter like #Amanya. cc. HAFR How quickly we forget. Anyone remember Bonanza Win? Carl Esprey? Atlas Africa??? All the best. I pass. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://www.businessdail...11508-158jbx/index.html
Kenyan online sports betting firm SportPesa does not plan to go public, Chief Executive Ronald Karauri told Reuters on Thursday. News agency Bloomberg reported that the company, which operates in Kenya and Britain, planned an initial public offering of its shares in the first quarter of 2019. It cited unnamed sources. Asked by Reuters if the company planned to go public, Karauri said “no”, without offering further comments. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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...Isle of Man registered.. Pesa Nane plans to be shilingi when he grows up.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Pesa Nane wrote:Angelica _ann wrote:Mature business, time to rope Wanjiku in and scatter like #Amanya. cc. HAFR How quickly we forget. Anyone remember Bonanza Win? Carl Esprey? Atlas Africa??? All the best. I pass. Wazuans are suspicious of everything-Sportpesa,horton,penis enlargement adverts, cytonn, Mugundaman, kate mbarire, FEP, economy etc. How do you guys make money and enlarge your penises? If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Pesa Nane wrote:Angelica _ann wrote:Mature business, time to rope Wanjiku in and scatter like #Amanya. cc. HAFR How quickly we forget. Anyone remember Bonanza Win? Carl Esprey? Atlas Africa??? All the best. I pass. After eating Wanjikus' money, time to pass the real monkey to them. Hata na dawa 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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