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Cytonn Investments
Swenani
#421 Posted : Thursday, September 28, 2017 9:43:43 PM
Rank: User


Joined: 8/15/2013
Posts: 11,735
Location: Vacuum
Chaka wrote:
Nice animation..Dubai here we come..dreams are valid.Was completion date given?I ran out on bundles..
winmak wrote:

Saw it, impressive... But I wondered how they factor in the current glut



Then your post above was made by EMS courier service?
"If you're tired of arguing with strangers on internet, try talking to one of them in real life"-Barack Obama 10th January 2017
Chaka
#422 Posted : Friday, September 29, 2017 9:50:39 AM
Rank: Veteran


Joined: 2/16/2007
Posts: 1,872
Exactre....ION,Telkom(my provider)issues a warning when bundles are almost over..
Swenani wrote:
[quote=Chaka]

Then your post above was made by EMS courier service?

washiku
#423 Posted : Monday, October 02, 2017 3:05:35 PM
Rank: Chief


Joined: 5/9/2007
Posts: 12,886
Pesa Nane
#424 Posted : Friday, October 06, 2017 8:13:12 AM
Rank: Elder


Joined: 5/25/2012
Posts: 3,411
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
hardwood
#425 Posted : Friday, October 06, 2017 12:08:05 PM
Rank: Elder


Joined: 7/28/2015
Posts: 5,246
The alma development seems to be in trouble. Those additional comments....



muganda
#426 Posted : Friday, October 06, 2017 12:32:38 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,792
Are these pictures showing X NCA legit? The site has been known for malicious content in the past https://www.kahawatungu....project-alma-crumbling/



the deal
#427 Posted : Friday, October 06, 2017 12:57:38 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,297
Location: Windhoek/Nairobbery
There were court cases even before this company started...they have powerful enemies...for me I'm worried about the amount of success they claim to have achieved in such a short period of time...even if they have resources to do it...I looked at they're financial statements and I didn't have that feeling of like...damn dude you are missing out on the next big thing out of Kenya?
maka
#428 Posted : Friday, October 06, 2017 1:20:57 PM
Rank: Elder


Joined: 4/22/2010
Posts: 10,212
Location: Nairobi
Pesa Nane wrote:
"I get uneasy with picture perfect packages, unless I am in the studio" - Pesa Nane, 30.12.15


smile
possunt quia posse videntur
muganda
#429 Posted : Friday, October 06, 2017 9:06:24 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,792
Asked and Answered.

tux_master
#430 Posted : Sunday, October 08, 2017 9:22:07 PM
Rank: Hello


Joined: 8/10/2015
Posts: 2
Something fishy must be going on, let's see if they can deliver on their promises. I believe they probably used overly optimistic models to convince investors. Time will tell, i may be wrong.
Horton
#431 Posted : Sunday, October 08, 2017 9:26:53 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,026
Location: Nairobi
tux_master wrote:
Something fishy must be going on, let's see if they can deliver on their promises. I believe they probably used overly optimistic models to convince investors. Time will tell, i may be wrong.



Another “hello” commenting only on cytonn. Gee i wonder why?
I own shares in KCB,CYTONN, BRK.B
Swenani
#432 Posted : Sunday, October 29, 2017 7:10:22 PM
Rank: User


Joined: 8/15/2013
Posts: 11,735
Location: Vacuum
Rather than respond to each public interest enquiry in social media, we have aggregated the questions we have often received:

Are you a bank? We are not regulated by the Central Bank of Kenya and are not licensed to take deposits from the public. As discussed above, Cytonn CMS is an investment product not a banking product. Our investment solutions are privately offered investments through the private offers regulatory framework
Who regulates CMS? Cytonn CMS is currently a privately offered solution offered exclusively to high net worth individuals and is “self-regulated” through its own governance structure of the board, custodian, auditor and principal partner, Cytonn Investments, that is rated by GCR, a credit rating agency
What happens when there is a default? To evaluate a default, we need to look at the probability of default and the loss given default. The portfolio contains a highly diversified set of investment grade real estate assets that is selling off plan and liquid investments. Additionally, the corporate guarantee empowers investors to recover any amounts due from the promoter, Cytonn Investments Management Plc. A recent example is the minimal investments Cytonn CMS had in Imperial Bank and Nakumatt Commercial Paper; the defaults were taken up by the promoter, Cytonn Investments Management Plc, hence shielding our investors from any losses
How are you able to offer 18% yet banks offering much lower rates? Cytonn CMS rate is priced off the loan price market, not off the money markets. Because the funds are mainly used for real estate development, which is mainly sold off plan, the appropriate benchmark is the cost of loans, and the typical real estate developer accesses bank financing at 14% - 18% annually
How come no one else is offering these rates? Offering higher than average rates requires a comprehensive platform; the Investment Manager has to have the asset yield that can support the return. The Promoter has to have an investment function that interfaces with investors (Cytonn Investments), and yield a generating function that generates the yield (Cytonn Real Estate). Cytonn is the only brand in this market that has coupled up investment management and real estate development onto one platform. A promoter cannot off high returns without a high yielding asset to support the return
Why does by bank or relationship manager talk badly about CMS? First is possible that RMs don’t understand how structured notes work. Secondly, CMS offers a very competitive private alternative to fixed term bank deposits, hence can be construed to be in direct competition. It is not the first time established players have opposed new products. The banking industry was hesitant when M-Pesa was introduced 10-years ago as a new means for money transfer, but today M-Pesa is the leading means to transact cash. Taxi owners and drivers opposed the introduction of Uber, but today Uber is the most used means of cabbing in Nairobi. And established banks ridiculed the transformation of Equity Bank from a building society to a commercial bank, and today it is the largest bank by market capitalization. History is littered with examples of established order talking down innovation and emerging technologies that are perceived as threatening
What is the difference between a deposit offering a rate and an investment offering a rate? Deposit rates are fixed and guaranteed by the bank, which is regulated by the Central Bank of Kenya. The rate a bank can offer is largely determined by the rate at which they can lend the funds and still keep a margin. On the other hand, an investment rate is determined by the profit returns generated by the commercial enterprise in which the funds are invested, such as real estate development
Who does Cytonn CMS target? Cytonn CMS targets high net worth individuals and institutions with the capacity to understand the risks and complexity of the investments. They have to go through a prequalification process and be admitted by an existing Partner into the Partnership. It is privately offered
How come other fund managers at some point stopped issuing CMS? CMS is an unregulated investment solution offered through private channels. Our understanding is that Fund Managers, themselves CMA regulated entities, were issuing CMS in contravention of Section 26 (1) (b) of the Capital Markets Act, which prohibits carrying out “any activity outside the scope of the licensed or approved activities”. The placement has to be structured to conform to the private offers regulations. It is our understanding that other competitors are restructuring their offerings
What is the profile of investors in Cytonn CMS? Cytonn CMS investors include local high net worth individuals, Kenyans and other East Africans in the Diaspora, local institutions such as SACCOs and chamas, as well as international institutional investors. The leading investor is Taaleri, a USD 7 billion investor based in Finland, whose representative also sits on the Board
Is CMS a Ponzi Scheme? A Ponzi scheme involved offering high returns that are not supported by any underlying economic activity or enterprise. Essentially returns are paid out of cash flows from new investors. Any offer of above market returns has to be able to demonstrate the actual assets / underlying economic activity that supports the returns. In the case of Cytonn CMS, the returns are supported by the 10 ongoing and largely pre sold developments
"If you're tired of arguing with strangers on internet, try talking to one of them in real life"-Barack Obama 10th January 2017
aemathenge
#433 Posted : Monday, October 30, 2017 7:06:34 AM
Rank: Elder


Joined: 10/18/2008
Posts: 2,738
Location: Kerugoya
Swenani wrote:

Are you a bank?

We are not regulated by the Central Bank of Kenya and are not licensed to take deposits from the public.

As discussed above, Cytonn CMS is an investment product not a banking product.

Our investment solutions are privately offered investments through the private offers regulatory framework.

Who regulates CMS?

Cytonn CMS is currently a privately offered solution offered exclusively to high net worth individuals and is “self-regulated” through its own governance structure of the board, custodian, auditor and principal partner, Cytonn Investments, that is rated by GCR, a credit rating agency.

What happens when there is a default?

To evaluate a default, we need to look at the probability of default and the loss given default.

The portfolio contains a highly diversified set of investment grade real estate assets that is selling off plan and liquid investments.

Additionally, the corporate guarantee empowers investors to recover any amounts due from the promoter, Cytonn Investments Management Plc.

A recent example is the minimal investments Cytonn CMS had in Imperial Bank and Nakumatt Commercial Paper; the defaults were taken up by the promoter, Cytonn Investments Management Plc, hence shielding our investors from any losses.

How are you able to offer 18% yet banks offering much lower rates?

Cytonn CMS rate is priced off the loan price market, not off the money markets.

Because the funds are mainly used for real estate development, which is mainly sold off plan, the appropriate benchmark is the cost of loans, and the typical real estate developer accesses bank financing at 14% - 18% annually.

How come no one else is offering these rates?

Offering higher than average rates requires a comprehensive platform; the Investment Manager has to have the asset yield that can support the return.

The Promoter has to have an investment function that interfaces with investors (Cytonn Investments), and yield a generating function that generates the yield (Cytonn Real Estate).

Cytonn is the only brand in this market that has coupled up investment management and real estate development onto one platform.

A promoter cannot off(er?) high returns without a high yielding asset to support the return.

Why does by (my?) bank or relationship manager talk badly about CMS?

First (it?) is possible that RMs (Bank Relationship Managers) don’t understand how structured notes work.

Secondly, CMS offers a very competitive private alternative to fixed term bank deposits, hence can be construed to be in direct competition.

It is not the first time established players have opposed new products.

The banking industry was hesitant when M-Pesa was introduced 10-years ago as a new means for money transfer, but today M-Pesa is the leading means to transact cash.

Taxi owners and drivers opposed the introduction of Uber, but today Uber is the most used means of cabbing in Nairobi.

And established banks ridiculed the transformation of Equity Bank from a building society to a commercial bank, and today it is the largest bank by market capitalization.

History is littered with examples of established order talking down innovation and emerging technologies that are perceived as threatening.

What is the difference between a deposit offering a rate and an investment offering a rate?

Deposit rates are fixed and guaranteed by the bank, which is regulated by the Central Bank of Kenya.

The rate a bank can offer is largely determined by the rate at which they can lend the funds and still keep a margin.

On the other hand, an investment rate is determined by the profit returns generated by the commercial enterprise in which the funds are invested, such as real estate development.

Who does Cytonn CMS target?

Cytonn CMS targets high net worth individuals and institutions with the capacity to understand the risks and complexity of the investments.

They have to go through a pre-qualification process and be admitted by an existing Partner into the Partnership.

It is privately offered.

How come other fund managers at some point stopped issuing CMS?

CMS is an unregulated investment solution offered through private channels.

Our understanding is that Fund Managers, themselves CMA (Capital Market Authority) regulated entities, were issuing CMS in contravention of Section 26 (1) (b) of the Capital Markets Act, which prohibits carrying out “any activity outside the scope of the licensed or approved activities”.

The placement has to be structured to conform to the private offers regulations.

It is our understanding that other competitors are restructuring their offerings.

What is the profile of investors in Cytonn CMS?

Cytonn CMS investors include local high net worth individuals, Kenyans and other East Africans in the Diaspora, local institutions such as SACCOs and chamas, as well as international institutional investors.

The leading investor is Taaleri, a USD 7 billion investor based in Finland, whose representative also sits on the Board.

Is CMS a Ponzi Scheme?

A Ponzi scheme involved(s?) offering high returns that are not supported by any underlying economic activity or enterprise.

Essentially returns are paid out of cash flows from new investors.

Any offer of above market returns has to be able to demonstrate the actual assets / underlying economic activity that supports the returns.

In the case of Cytonn CMS, the returns are supported by the 10 ongoing and largely pre sold developments

aemathenge
#434 Posted : Friday, November 03, 2017 4:28:43 PM
Rank: Elder


Joined: 10/18/2008
Posts: 2,738
Location: Kerugoya
Saturday 11th November 2017

Intercontinental Hotel, Nairobi

9 a.m. - 12 noon

Guest Speaker CEO Cytonn Investments Management Limited - Mr. Edwin Dande

Entrance is Free, Just Bring Your Mind

RICH THINKING,EMPOWERING KENYANS
Pesa Nane
#435 Posted : Wednesday, November 08, 2017 7:33:12 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,411
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Chaka
#436 Posted : Wednesday, November 08, 2017 10:25:39 PM
Rank: Veteran


Joined: 2/16/2007
Posts: 1,872
What does that fist at the end mean exactre?
Pesa Nane wrote:

Angelica _ann
#437 Posted : Wednesday, November 08, 2017 10:42:23 PM
Rank: Elder


Joined: 12/7/2012
Posts: 7,858
Chaka wrote:
What does that fist at the end mean exactre?
Pesa Nane wrote:



Gotta!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
aemathenge
#438 Posted : Thursday, November 09, 2017 2:14:02 PM
Rank: Elder


Joined: 10/18/2008
Posts: 2,738
Location: Kerugoya
On Saturday 11th November 2017, between 01:30 PM and 04:00 pm. join us for the site visit to The Alma (Ruaka) and Amara Ridge (Karen); ideal case studies of how we deliver high yield returns.

If you wish to participate in the tour, please BOOK HERE
Swenani
#439 Posted : Thursday, November 09, 2017 2:42:33 PM
Rank: User


Joined: 8/15/2013
Posts: 11,735
Location: Vacuum
Pesa Nane wrote:


Kapsaa, Cytonn Towers is already 20% sold
"If you're tired of arguing with strangers on internet, try talking to one of them in real life"-Barack Obama 10th January 2017
aemathenge
#440 Posted : Monday, November 13, 2017 10:38:53 AM
Rank: Elder


Joined: 10/18/2008
Posts: 2,738
Location: Kerugoya
Copy and Paste Extract

Quote:
Cytonn to build Sh13bn luxury homes in Kiambu

Cytonn Investments plans to transform a 100-acre Kiambu coffee plantation into a Sh13 billion residential-cum-commercial development hosting 6,500 people and a five-star hotel.

Through a special purpose vehicle jointly formed with local and foreign investors, Cytonn Investment Partners Five LLP will also build a five-star waterfront hotel comprising 34 luxury rooms, 36 cottages and four water cottages on 1.97 acres reserved for the hotel development next to an eight-acre dam.

Yada, yada, yada.

The property sits between two other mega mixed-use projects — Migaa by Suraya Properties and Tatu City by Rendezvous Group.
Yada, yada, yada.


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