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Runda house owner gets order to recover Sh726m from HF
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obiero
#11 Posted : Wednesday, June 17, 2015 7:09:34 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,232
Location: nairobi
lochaz-index wrote:
hisah wrote:
Othelo wrote:
mwekez@ji wrote:
Taking this with a pinch of salt. BD have a way of misreporting

Yes, those figures dont look real hata kama.

Yes the figures are quite bizarre and that math doesn't add up. That's why I expected HF to respond if at all they have a functioning PR desk... Silence means?


The figures only make sense if the 20m initial award is assumed to have been the right value back in the year 2000 when it was auctioned and the subsequent court interest rate of 26% applied on it for 15years to date plus compounded incidental costs. Otherwise the reporter must have goofed somewhere.

To determine the validity of a thread on wazua.. U must return to the source... This award is grossly inapplicable. Even if HF made a mistake at the start, how many lives would be affected if the award is implemented. Utilitarianism would have to be considered in application of the law
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  | | Edit by user: Wednesday, June 17, 2015 7:14 PM | Reason: Not specified
MaichBlack
#12 Posted : Wednesday, June 17, 2015 8:55:20 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,851
lochaz-index wrote:
hisah wrote:
Othelo wrote:
mwekez@ji wrote:
Taking this with a pinch of salt. BD have a way of misreporting

Yes, those figures dont look real hata kama.

Yes the figures are quite bizarre and that math doesn't add up. That's why I expected HF to respond if at all they have a functioning PR desk... Silence means?


The figures only make sense if the 20m initial award is assumed to have been the right value back in the year 2000 when it was auctioned and the subsequent court interest rate of 26% applied on it for 15years to date plus compounded incidental costs. Otherwise the reporter must have goofed somewhere.

True. If you calculate from 2000 you get six hundred and something million. Then you add auctioneer's charges and other damages. But I doubt that lady will ever get that 700 million!!!

Having said that (and despite being a HF shareholder) I believe HF acted in total bad faith!!! You cannot sell a house in Runda because of 300k!! There are many other options. And that is even without considering they used a flawed process to dispose the house!!!
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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MaichBlack
#13 Posted : Wednesday, June 17, 2015 8:59:52 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,851
On the other side, this illustrates how rich you can become if you made an investment with 26% plus annual returns!!! Try 30% uone real money in a couple of years!!!
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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obiero
#14 Posted : Thursday, June 18, 2015 8:32:10 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,232
Location: nairobi
MaichBlack wrote:
On the other side, this illustrates how rich you can become if you made an investment with 26% plus annual returns!!! Try 30% uone real money in a couple of years!!!

Compounded interest is a real money maker. Bill Graham swore unto it and passed the concept to Warren Buffet
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premio
#15 Posted : Thursday, June 18, 2015 10:19:54 PM
Rank: Member

Joined: 5/31/2009
Posts: 226
Love this Kenyan banks have always acted in bad faith to rip off clients with impunity. A friend of mine had a car loan his car was impounded for default. I was willing to buy the car for 700k but bank could not allow me to even start the engine confirm its condition despite it being sandwished btn several cars so i was unable to commit. They sold it "allegedly" for 350k Judiciary must drive the point home. Banks are not a law unto themselves how i wishbit was 1.5b
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whiteowl
#16 Posted : Friday, June 19, 2015 1:13:45 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
obiero wrote:
lochaz-index wrote:
hisah wrote:
Othelo wrote:
mwekez@ji wrote:
Taking this with a pinch of salt. BD have a way of misreporting

Yes, those figures dont look real hata kama.

Yes the figures are quite bizarre and that math doesn't add up. That's why I expected HF to respond if at all they have a functioning PR desk... Silence means?


The figures only make sense if the 20m initial award is assumed to have been the right value back in the year 2000 when it was auctioned and the subsequent court interest rate of 26% applied on it for 15years to date plus compounded incidental costs. Otherwise the reporter must have goofed somewhere.

To determine the validity of a thread on wazua.. U must return to the source... This award is grossly inapplicable. Even if HF made a mistake at the start, how many lives would be affected if the award is implemented. Utilitarianism would have to be considered in application of the law

the law is an asssmile
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subaru
#17 Posted : Friday, June 19, 2015 5:52:27 AM
Rank: Member

Joined: 3/15/2010
Posts: 391
Location: nairobie
premio wrote:
Love this Kenyan banks have always acted in bad faith to rip off clients with impunity. A friend of mine had a car loan his car was impounded for default. I was willing to buy the car for 700k but bank could not allow me to even start the engine confirm its condition despite it being sandwished btn several cars so i was unable to commit. They sold it "allegedly" for 350k Judiciary must drive the point home. Banks are not a law unto themselves how i wishbit was 1.5b

An insider bought that car or made some money at the loss of some one
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MaichBlack
#18 Posted : Friday, June 19, 2015 9:15:18 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,851
Del.
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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  | | Edit by user: Friday, June 19, 2015 9:37 AM | Reason: Not specified
MaichBlack
#19 Posted : Friday, June 19, 2015 9:16:52 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,851
Del.
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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  | | Edit by user: Friday, June 19, 2015 9:36 AM | Reason: Not specified
maka
#20 Posted : Friday, June 19, 2015 6:33:54 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
whiteowl wrote:
obiero wrote:
lochaz-index wrote:
hisah wrote:
Othelo wrote:
mwekez@ji wrote:
Taking this with a pinch of salt. BD have a way of misreporting

Yes, those figures dont look real hata kama.

Yes the figures are quite bizarre and that math doesn't add up. That's why I expected HF to respond if at all they have a functioning PR desk... Silence means?


The figures only make sense if the 20m initial award is assumed to have been the right value back in the year 2000 when it was auctioned and the subsequent court interest rate of 26% applied on it for 15years to date plus compounded incidental costs. Otherwise the reporter must have goofed somewhere.

To determine the validity of a thread on wazua.. U must return to the source... This award is grossly inapplicable. Even if HF made a mistake at the start, how many lives would be affected if the award is implemented. Utilitarianism would have to be considered in application of the law

the law is an asssmile


Let them pay.This thing of ignoring court orders must stop.
Court interest has no fetters
possunt quia posse videntur
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