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Home Afrika Listing at NSE!
Rank: Member Joined: 1/16/2014 Posts: 114
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[quote=Mainat]Interesting http://www.businessdaily...2/-/j21rn6/-/index.html[/quote] fear makes people live a miserable life.
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Rank: Member Joined: 7/3/2014 Posts: 245
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I have been to migaa 8km from kiambu road in the coffee farms (Their flagship project), 1/8 plots at 15-20mil. Golf course is incomplete, The 3bed residentials bedrooms are tiny. All in all nothing seems to be happening.... Compare with 1/2 serviced acre runda by mae ridge pan africa holdings is 35 mil and many other better deals. In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Developing story....another mumias coming "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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@mlennyma Shicken scandal Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Ericsson wrote:@mlennyma
Shicken scandal  "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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mlennyma wrote:Developing story....another mumias coming ?????? Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 1/10/2015 Posts: 411
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 mlennyma wrote:Developing story....another mumias coming Gani tena?? Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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derick wrote: mlennyma wrote:Developing story....another mumias coming Gani tena?? I mean another mumias scenario share price drama "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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obiero wrote:dunkang wrote:jawgey wrote:Kihara joni wrote:where is this thing going,seems stuck at 5-6, to buy or not TO? Buy n wait for Fy results.. It can't get any worse  it can get even worse, ask eveready, olympia and express guys. From 19/- to 1.5/-. If we have reached a point where we are using HOPE as an investment strategy, iko chida!!!! I lost it on this guys when i realised they have now jumped from selling +15M/- homes in migaa to ~150k/- plots along Kangundo road. Hata kama pesa ni pesa, whether its from Kamulu or Lavington, but that major shift talks a lot about the corner they have been pushed to! I may be wrong, which i am praying to be, but this is a NO NO NO NO for me. I will tell you for free. This share will be delisted in next three years.. Post #406 I forecasted disaster.. I hope the sober ones listened. We are getting closer to the delisting. The firm will not turn a profit for the next three years, unless they can start selling properties!
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 7/9/2006 Posts: 79
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My only question is,being realistic unless we importing buyers of this over priced "golf" real estate, how many Kenyans even care? This is all smoke and mirrors.Hope to know to know what the uptake is on the complete ones. This people are trying to impose a lifestyle that is very foreign even to the most moneyed. Why would a rich person buy some measly 1/8th when they can buy acres in "kamulu"? plus they've never played golf? Ati Kenya has developed, hiyo ni story.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Fomoney wrote:My only question is,being realistic unless we importing buyers of this over priced "golf" real estate, how many Kenyans even care? This is all smoke and mirrors.Hope to know to know what the uptake is on the complete ones. This people are trying to impose a lifestyle that is very foreign even to the most moneyed. Why would a rich person buy some measly 1/8th when they can buy acres in "kamulu"? plus they've never played golf? Ati Kenya has developed, hiyo ni story. Are you forgetting that Muthaiga, Karen, Nyali, Kizingo are based around a golf club? Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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sparkly wrote:Fomoney wrote:My only question is,being realistic unless we importing buyers of this over priced "golf" real estate, how many Kenyans even care? This is all smoke and mirrors.Hope to know to know what the uptake is on the complete ones. This people are trying to impose a lifestyle that is very foreign even to the most moneyed. Why would a rich person buy some measly 1/8th when they can buy acres in "kamulu"? plus they've never played golf? Ati Kenya has developed, hiyo ni story. Are you forgetting that Muthaiga, Karen, Nyali, Kizingo are based around a golf club? Even Kanyamedha slums in Kisumu are based around a golf course
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: 7/22/2009 Posts: 7,455
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sparkly wrote:Fomoney wrote:My only question is,being realistic unless we importing buyers of this over priced "golf" real estate, how many Kenyans even care? This is all smoke and mirrors.Hope to know to know what the uptake is on the complete ones. This people are trying to impose a lifestyle that is very foreign even to the most moneyed. Why would a rich person buy some measly 1/8th when they can buy acres in "kamulu"? plus they've never played golf? Ati Kenya has developed, hiyo ni story. Are you forgetting that Muthaiga, Karen, Nyali, Kizingo are based around a golf club? No no no!!! These Estates are not based around golf clubs. There are golf clubs in those Estates and in some cases very far from where you end up buying a house or plot. The golf clubs is actually a by the way. A golf estate is like The Great Rift Valley Lodge. You have a golf course and everything is built around it. They are in the same Gated environment and everyone can WALK to the golf course. Saying Karen, Muthaiga etc. are based around a golf club is like saying Westlands is based around Westgate. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Home Afrika to me looks like A maize cob house (s) we built during threshing season after harvest. A slight touch brought your whole "ghorofa doown". Adults would fancy destroying it as "we" cried on the loss and rebuilding pain. What will be the best name for this thing? Homeless Afrika? Shambles Afrika? Slums Afrika? or Simba Afrika?  Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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obiero wrote:obiero wrote:dunkang wrote:jawgey wrote:Kihara joni wrote:where is this thing going,seems stuck at 5-6, to buy or not TO? Buy n wait for Fy results.. It can't get any worse it can get even worse, ask eveready, olympia and express guys. From 19/- to 1.5/-. If we have reached a point where we are using HOPE as an investment strategy, iko chida!!!! I lost it on this guys when i realised they have now jumped from selling +15M/- homes in migaa to ~150k/- plots along Kangundo road. Hata kama pesa ni pesa, whether its from Kamulu or Lavington, but that major shift talks a lot about the corner they have been pushed to! I may be wrong, which i am praying to be, but this is a NO NO NO NO for me. I will tell you for free. This share will be delisted in next three years.. Post #406 I forecasted disaster.. I hope the sober ones listened. We are getting closer to the delisting. The firm will not turn a profit for the next three years, unless they can start selling properties! The company is bogus but I don't think it will delist. Look at Paka, still going strong surviving on rats and milk from well wishers. But Paka has nine lives which Home Africa doesn't so it might delist after all.
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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Boris Boyka wrote:Home Afrika to me looks like A maize cob house (s) we built during threshing season after harvest. A slight touch brought your whole "ghorofa doown". Adults would fancy destroying it as "we" cried on the loss and rebuilding pain. What will be the best name for this thing? Homeless Afrika? Shambles Afrika? Slums Afrika? or Simba Afrika? Bandia Afrika
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 7/9/2006 Posts: 79
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sparkly wrote:Fomoney wrote:My only question is,being realistic unless we importing buyers of this over priced "golf" real estate, how many Kenyans even care? This is all smoke and mirrors.Hope to know to know what the uptake is on the complete ones. This people are trying to impose a lifestyle that is very foreign even to the most moneyed. Why would a rich person buy some measly 1/8th when they can buy acres in "kamulu"? plus they've never played golf? Ati Kenya has developed, hiyo ni story. Are you forgetting that Muthaiga, Karen, Nyali, Kizingo are based around a golf club? wewe Sparkly, what are the property sizes in these areas you mentioned? What are their values. So you think Kibaki lives in Muthaiga because of the golf club? All this bandia golf estates including at buffalo hills have no traction.I love golf but could get more value on real estate living somewhere else and driving to the course they'll beg me to play at. What would make Otieno, Kamau, Musyoka,Komen etc pay all this money to live within an amenity they have no intention of utilizing? people spending this kind of money are thinking about value. An 1/8th won't do it!
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Fomoney wrote: What would make Otieno, Kamau, Musyoka,Komen etc pay all this money to live within an amenity they have no intention of utilizing? people spending this kind of money are thinking about value. An 1/8th won't do it! Speak for yourself. If you are not willing to do so, someone else is. I remember seeing an advertisement for Kshs. 60m for a house at Windsor. Someone is willing to spend over Kshs. 2m for a night out on Valentine day. Someone is willing to drive (nay) fly their children to school via helicopter every morning. Ponder that.
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Rank: Member Joined: 7/9/2006 Posts: 79
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aemathenge wrote:Fomoney wrote: What would make Otieno, Kamau, Musyoka,Komen etc pay all this money to live within an amenity they have no intention of utilizing? people spending this kind of money are thinking about value. An 1/8th won't do it! Speak for yourself. If you are not willing to do so, someone else is. I remember seeing an advertisement for Kshs. 60m for a house at Windsor. Someone is willing to spend over Kshs. 2m for a night out on Valentine day. Someone is willing to drive (nay) fly their children to school via helicopter every morning. Ponder that. I'm not talking about people willing to spend money, get my gist. I'm talking about value. 15mil for an 1/8th because its in a golf property ain't gonna fly. That is why most of these properties are having issues with uptake. Other more expensive properties in Muthaiga,Runda,Karen,Nyali are still selling. Its about trying to "create value with golf", alien to most Kenyan buyers. The property size matters to Kenyans willing to spend that kind of money.Golf will not factor much.There are too many properties using the same marketing strategy leading to saturation. Not enough market for "golf clubs". Even in the US it isn't easy selling golf club homes in some markets. people that love to play golf don't have to live on a golf course. The property proposition should be the one driving the sale. Gimmicks get exposed, if you think the HAFR strategy makes sense, put your money on them. I'm out!
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Fomoney wrote:I'm talking about value. 15mil for an 1/8th because its in a golf property ain't gonna fly.
I repeat, speak for yourself. A number of people out there place great value in owning 1/8 on a golf property. Hon. Michuki's detractors gave him the same argument when he was sub-dividing his coffee estate to put up Windsor and the houses on the estate. Yet here we are. The United States and most of the world is recovering from recession which means people will now have money to indulge their peculiar "value" visions. Our own economy is currently flush with excess expenditure that was earmarked for fuel. Sooner or later, it will percolate to the "golf" based estates. It is an industry, just like any other, with its ups and downs. Right now it could be down. Tomorrow, will be a bull run. Those who will be ready with the requisite developed properties will make some good money. Everyone else can watch from the sidelines.
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