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Kurwitu wallows deeper into HY15 loss

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Boris Boyka		#11 Posted : Thursday, September 03, 2015 7:30:47 AM
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here		So a primary kid who hustles on weekends jus a little makes much more money than Kurwitu!! Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Cde Monomotapa		#12 Posted : Thursday, September 03, 2015 7:40:59 AM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		The staff & directors items can only mean to me that there was employment. I don't see a balance sheet to support any IF issues yet. #Observing
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dunkang		#13 Posted : Thursday, September 03, 2015 11:49:02 AM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		DAMN! This is evil. This is EVIL! Receive with simplicity everything that happens to you.” ― Rashi
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sparkly		#14 Posted : Thursday, September 03, 2015 11:57:20 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		murchr wrote: Pesa Nane wrote: instinct wrote: Is this a joke? NO! Cash Cow In short, the members of staff & directors are the ones making money here. The Company has had zero income for the last 2 years. Where are they getting the money to pay these expenses? NSE and CMA risk losing their credibility by allowing such sham listings Life is short. Live passionately.
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sparkly		#15 Posted : Thursday, September 03, 2015 12:07:16 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		This was full year 2014 Life is short. Live passionately.
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KenyanEconomist		#16 Posted : Thursday, September 03, 2015 12:50:00 PM
Rank: New-farer Joined: 5/7/2014 Posts: 40		sparkly wrote: murchr wrote: Pesa Nane wrote: instinct wrote: Is this a joke? NO! Cash Cow In short, the members of staff & directors are the ones making money here. The Company has had zero income for the last 2 years. Where are they getting the money to pay these expenses? NSE and CMA risk losing their credibility by allowing such sham listings I think you guys are being too harsh. Kurwitu is an investment company, which means value will come from the increase in the value of their assets. My guess is that their projects are long term (Power Plants, Agri projects etc) that will take 3 - 5 years to develop. They are probably being conservative in not writing up value of their assets at this early stage. You can see that the shareholders are supporting the company with shareholder loans (this is how they are paying annual expenses, so they still believe in the investments). The problem though is that you have to be an insider to know what they are actually investing in and to understand the true value.
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Gatheuzi		#17 Posted : Thursday, September 03, 2015 6:26:16 PM
Rank: Veteran Joined: 8/16/2009 Posts: 994		In 6 months they have spent 12M, meaning they have almost blown the entire cash balance if 12.7M which had been loaned by shareholders. By Dec they need almost a similar amount so shareholder loans will be 24M by end year. Loans will be 23% of the land value (last land value being 102M). I wonder how sharia compliant share of profits to these loans will be. @ guru267 can shed more light. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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ngapat		#18 Posted : Thursday, September 03, 2015 7:23:30 PM
Rank: Veteran Joined: 12/11/2006 Posts: 930		Pesa Nane wrote: instinct wrote: Is this a joke? NO! Cash Cow Blame CMA and NSE for allowing such a company to list “Invest in yourself. Your career is the engine of your wealth.”
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