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Stanlib I-reit IPO @20/- per unit
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mlennyma
#181 Posted : Monday, November 30, 2015 5:02:14 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
shiznit wrote:
Mystocks shows that it closed at 21.50/- That's 9.47% down on the first day, but only 100 units traded.

I think this was a very poorly timed product launch. If it was in a bull market, Wanjiku would (as usual) come out in full speculation mode regardless of not being conversant with REITs.

But now you couple the liquidity crunch with bearish trend and then uncertainty about how good the returns would be, this one was going to be dead in the water.

But let's see, maybe with time (read at 10/-) it can be picked up; see how it goes.Pray

the only ipo which can succeed now is a central bank iposmile
"Don't let the fear of losing be greater than the excitement of winning."
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dunkang
#182 Posted : Monday, November 30, 2015 5:02:54 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Museveni wrote:

The only chance to push it up was on friday when there were no 'breaks' on a slide or shoot. HAFR managed to push up 100% to 25 from 12. Now at 1.4!
From today watch the 10% drops.
The road to 10 is just 7 days ( say 3 weeks due to no trade days ) away.
Then those wishing to jump aboard can set new entry targets


That day i read this;
Quote:
Stanlib Investments is proposing to buy Greenspan Mall for Sh2 billion using proceeds from Kenya’s debut Income-Real Estate Investment Trust (Reit) issue.


is exactly the day when i said SIWEZI.

A shopping mall at 2B! Whats the floor area again?? Eastlands??

JKUAT just bought the 19 storey ICEA Building along Kenyatta Avenue at KShs.2B. That building has more income potential than that Greenspan Mall. That new 22 storey UoN tower cost KShs. 2.4B. 21 storey KCB Plaza at Upper Hill cost KShs. 2.1B.
Receive with simplicity everything that happens to you.” ― Rashi

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mlennyma
#183 Posted : Monday, November 30, 2015 5:20:14 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall
"Don't let the fear of losing be greater than the excitement of winning."
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dunkang
#184 Posted : Monday, November 30, 2015 5:27:54 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
mlennyma wrote:
Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall

Can an I-REIT develop for renting or its restricted to purchase of already developed buildings and renting?

I understand D-REIT is for development and selling and not renting out.
Receive with simplicity everything that happens to you.” ― Rashi

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mlennyma
#185 Posted : Monday, November 30, 2015 5:35:28 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
dunkang wrote:
mlennyma wrote:
Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall

Can an I-REIT develop for renting or its restricted to purchase of already developed buildings and renting?

I understand D-REIT is for development and selling and not renting out.

Lol !!!so the game has rulessmile
"Don't let the fear of losing be greater than the excitement of winning."
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Lolest!
#186 Posted : Monday, November 30, 2015 7:42:19 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
mlennyma wrote:
dunkang wrote:
mlennyma wrote:
Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall

Can an I-REIT develop for renting or its restricted to purchase of already developed buildings and renting?

I understand D-REIT is for development and selling and not renting out.

Lol !!!so the game has rulessmile

no wonder the undersubscriptionsmile
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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dunkang
#187 Posted : Monday, November 30, 2015 7:50:23 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Lolest! wrote:
mlennyma wrote:
dunkang wrote:
mlennyma wrote:
Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall

Can an I-REIT develop for renting or its restricted to purchase of already developed buildings and renting?

I understand D-REIT is for development and selling and not renting out.

Lol !!!so the game has rulessmile

no wonder the undersubscriptionsmile

I-REITs make money from rental and similar sources, D-REITs make money from development and disposal of real-estate.

What am not sure is whether an I-REIT can develop its own property and rent/lease out.

Also, if acquiring an already developed asset, they must ensure there is at least 70% occupancy rate and also a minimum of 70% of the profit must be distributed to the shareholders.
Receive with simplicity everything that happens to you.” ― Rashi

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obiero
#188 Posted : Monday, November 30, 2015 8:23:33 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,476
Location: nairobi
dunkang wrote:
Lolest! wrote:
mlennyma wrote:
dunkang wrote:
mlennyma wrote:
Why didn't they consider building some residential flats in a high demand area like kirima's tumaini estate in embakasi?or even office blocks in high demand areas like upperhill?its better than that mall

Can an I-REIT develop for renting or its restricted to purchase of already developed buildings and renting?

I understand D-REIT is for development and selling and not renting out.

Lol !!!so the game has rulessmile

no wonder the undersubscriptionsmile

I-REITs make money from rental and similar sources, D-REITs make money from development and disposal of real-estate.

What am not sure is whether an I-REIT can develop its own property and rent/lease out.

Also, if acquiring an already developed asset, they must ensure there is at least 70% occupancy rate and also a minimum of 70% of the profit must be distributed to the shareholders.

Question is, a shareholder with minimum allocation atapata how much out of the rent? Rather, what is the total rent collection at greenspan. Maybe atalipwa 80bob per monthly. In the words of Samba Mapangala, u must calculate, calculate..
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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enyands
#189 Posted : Monday, November 30, 2015 8:45:46 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Museveni wrote:
shiznit wrote:
Mystocks shows that it closed at 21.50/- That's 9.47% down on the first day, but only 100 units traded.

I think this was a very poorly timed product launch. If it was in a bull market, Wanjiku would (as usual) come out in full speculation mode regardless of not being conversant with REITs.

But now you couple the liquidity crunch with bearish trend and then uncertainty about how good the returns would be, this one was going to be dead in the water.

But let's see, maybe with time (read at 10/-) it can be picked up; see how it goes.Pray

The only chance to push it up was on friday when there were no 'breaks' on a slide or shoot. HAFR managed to push up 100% to 25 from 12. Now at 1.4!
From today watch the 10% drops.
The road to 10 is just 7 days ( say 3 weeks due to no trade days ) away.
Then those wishing to jump aboard can set new entry targets


I'm present sir
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watesh
#190 Posted : Monday, November 30, 2015 9:46:49 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
dunkang wrote:
Museveni wrote:

The only chance to push it up was on friday when there were no 'breaks' on a slide or shoot. HAFR managed to push up 100% to 25 from 12. Now at 1.4!
From today watch the 10% drops.
The road to 10 is just 7 days ( say 3 weeks due to no trade days ) away.
Then those wishing to jump aboard can set new entry targets


That day i read this;
Quote:
Stanlib Investments is proposing to buy Greenspan Mall for Sh2 billion using proceeds from Kenya’s debut Income-Real Estate Investment Trust (Reit) issue.


is exactly the day when i said SIWEZI.

A shopping mall at 2B! Whats the floor area again?? Eastlands??

JKUAT just bought the 19 storey ICEA Building along Kenyatta Avenue at KShs.2B. That building has more income potential than that Greenspan Mall. That new 22 storey UoN tower cost KShs. 2.4B. 21 storey KCB Plaza at Upper Hill cost KShs. 2.1B.

OMG this makes so much sense...buying a building in CBD is much more profitable than a bloody mall with high traffic only on weekends. Greenspan mall is good though. That place is packed on weekends but not like the likes of Junction or Sarit
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