Wazua
»
Investor
»
Stocks
»
Cytonn looks to list on GEMS
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Horton wrote:Fyatu wrote:VituVingiSana wrote:@Fyatu  Hard work. Reminds me of what Peter Lynch and Mark Mobius did. On the ground research. Not easy. Ground research is key. Starting Friday last week 27th April - yesterday 1st May), i have done considerable ground research on FTGH. I was happy to see kids buying Happy's potato crisps for their back to school shopping albeit on a lower scale compared to Tropical heat brands. Haco still dominates hair with Miadi. Heck, even my housegirl from home(ushago...all due respect to my peoples wa ushago) prefers Miadi over Zoe. This is not to say that Zoe was not moving. Next was Longhorn. I visited textbook center in the city and noticed some of their titles were quite popular. I also visited the National Library and noticed a number of shiny(new) longhorn titles. The risk with Longhorn though lies with the future of the book as we know it today(paper form). Do we anticipate a future with no paper books? I don't know how i would be received if for example i went to Baba dogo and requested to meet with Heril Bagera(CEO FTGH) to ask questions about how my business is doing(just like they do in the States). Examples of questions i wish to ask are (1) why do most hardware stores in Githurai and Mlolongo stock Kentank tanks instead of Rino tanks? Are those localities not the market niche for water tanks?...and (2)how the play ground toys business is doing with the mushrooming of Kindergartens built on less than 1/2 acre plots everywhere in the city Way ahead of u sir. I did this with Edwin Dande and the CFO before I bought my shares When I did my research and saw Lehman Brothers on his work history, i ran so fast and never looked back. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
|
aemathenge wrote:obiero wrote:Horton wrote:Way ahead of u sir. I did this with Edwin Dande and the CFO before I bought my shares
So a goat asks the owner when it will be eaten? How can you honestly seek an objective answer from the quoted individuals He fell for a trick we had perfected at FEP. Whenever we encountered a Chairman/ChairLady of a well endowed Chama, we would arrange a meeting with FEP Founder who would proceed to sweet talk him/her into "investing" all their funds with FEP. Worked like a charm. I know! Where is FEP nowadays?
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
Balance Sheet looks opaque to me!Given the business they're in...they could be playing with fire here....they should have spun off they're real estate portfolio and listed it as a REIT...but I guess they dont want too much scrutiny from the regulator. This thing looks like Lehman Brothers...Asset-Liquity Mismatch of mega proposition...They need money thus the listing or else how will they fund they're ambitious projects? Real estate sales cycle is long and tedious...even if you see those developer signs which says "80% sold"...its alot of sweat to close deals.....you need cheap long term funds to succed...not those lofty returns Cytonn is promising...look how HF is struggling despite being well funded? I prefer FAHARI I-REIT...Zero debt....lots of cash....theyre investing in completed buildings with tenants...
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 14,217 Location: nairobi
|
the deal wrote:Balance Sheet looks opaque to me!Given the business they're in...they could be playing with fire here....they should have spun off they're real estate portfolio and listed it as a REIT...but I guess they dont want too much scrutiny from the regulator. This thing looks like Lehman Brothers...Asset-Liquity Mismatch of mega proposition...They need money thus the listing or else how will they fund they're ambitious projects? Real estate sales cycle is long and tedious...even if you see those developer signs which says "80% sold"...its alot of sweat to close deals.....you need cheap long term funds to succed...not those lofty returns Cytonn is promising...look how HF is struggling despite being well funded? I prefer FAHARI I-REIT...Zero debt....lots of cash....theyre investing in completed buildings with tenants...
Had to check twice to confirm that it wasn't my post, because the contents are 100% aligned with my thoughts. The year on year salary expense increase of close to 100% is another laced chalice. This looks a HAL reincarnate
KQ ABP 4.26
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
obiero wrote:the deal wrote:Balance Sheet looks opaque to me!Given the business they're in...they could be playing with fire here....they should have spun off they're real estate portfolio and listed it as a REIT...but I guess they dont want too much scrutiny from the regulator. This thing looks like Lehman Brothers...Asset-Liquity Mismatch of mega proposition...They need money thus the listing or else how will they fund they're ambitious projects? Real estate sales cycle is long and tedious...even if you see those developer signs which says "80% sold"...its alot of sweat to close deals.....you need cheap long term funds to succed...not those lofty returns Cytonn is promising...look how HF is struggling despite being well funded? I prefer FAHARI I-REIT...Zero debt....lots of cash....theyre investing in completed buildings with tenants...
Had to check twice to confirm that it wasn't my post, because the contents are 100% aligned with my thoughts. The year on year salary expense increase of close to 100% is another laced chalice. This looks a HAL reincarnate Stay Away  Cytonn fanatics care to explain that equity structure? Non Controlling Interest 
|
|
|
Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
|
the deal wrote:Balance Sheet looks opaque to me!Given the business they're in...they could be playing with fire here....they should have spun off they're real estate portfolio and listed it as a REIT...but I guess they dont want too much scrutiny from the regulator. This thing looks like Lehman Brothers...Asset-Liquity Mismatch of mega proposition...They need money thus the listing or else how will they fund they're ambitious projects? Real estate sales cycle is long and tedious...even if you see those developer signs which says "80% sold"...its alot of sweat to close deals.....you need cheap long term funds to succed...not those lofty returns Cytonn is promising...look how HF is struggling despite being well funded? I prefer FAHARI I-REIT...Zero debt....lots of cash....theyre investing in completed buildings with tenants...
Which FY are you referring to and which part of the balance sheet is opaque? If Obiero did it, Who Am I?
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
obiero wrote:the deal wrote:Balance Sheet looks opaque to me!Given the business they're in...they could be playing with fire here....they should have spun off they're real estate portfolio and listed it as a REIT...but I guess they dont want too much scrutiny from the regulator. This thing looks like Lehman Brothers...Asset-Liquity Mismatch of mega proposition...They need money thus the listing or else how will they fund they're ambitious projects? Real estate sales cycle is long and tedious...even if you see those developer signs which says "80% sold"...its alot of sweat to close deals.....you need cheap long term funds to succed...not those lofty returns Cytonn is promising...look how HF is struggling despite being well funded? I prefer FAHARI I-REIT...Zero debt....lots of cash....theyre investing in completed buildings with tenants...
Had to check twice to confirm that it wasn't my post, because the contents are 100% aligned with my thoughts. The year on year salary expense increase of close to 100% is another laced chalice. This looks a HAL reincarnate 🤣🤣 I have hextupled my money here in 3.5years curious how you have faired in your picks?
|
|
|
Rank: New-farer Joined: 7/17/2014 Posts: 15 Location: Geneva
|
@Horton did you mean "Sextuple"? Regards,
Jimmy Boy
|
|
|
Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
|
Swenani wrote:Aguytrying wrote:I'm among those surprised that cytonn has survived this long. To me, this rush to list on the stock market is a red flag. What is the hurry, the firm is very new. I feel like they like being visible and letting everyone know that they are there, instead of working quietly and letting their results speak for you. I just dont buy it. For those who are in, i would sell on the listing rally and wait for the dust to settle. we've seen this with home Afrika just recently Mimi nko ready kuchomeka na Cytonn...My only regret is not being a cytonnaire earlier enough....It's been close to 3 years since guys here started predicting that the sky was about to fall. Same here. I see it as a different alternative to Centum. Real Estate without a doubt is very profitable if done right. I look forward to them breaking away from Real Estate into other investments.
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
Swenani wrote:the deal wrote:Balance Sheet looks opaque to me!Given the business they're in...they could be playing with fire here....they should have spun off they're real estate portfolio and listed it as a REIT...but I guess they dont want too much scrutiny from the regulator. This thing looks like Lehman Brothers...Asset-Liquity Mismatch of mega proposition...They need money thus the listing or else how will they fund they're ambitious projects? Real estate sales cycle is long and tedious...even if you see those developer signs which says "80% sold"...its alot of sweat to close deals.....you need cheap long term funds to succed...not those lofty returns Cytonn is promising...look how HF is struggling despite being well funded? I prefer FAHARI I-REIT...Zero debt....lots of cash....theyre investing in completed buildings with tenants...
Which FY are you referring to and which part of the balance sheet is opaque? Cytonns Latest Financial statements are here...I'm referring to a balance sheet posted here by Cytonn itself https://www.cytonn.com/investor-relations
Do you see how much cash they have?
|
|
|
Wazua
»
Investor
»
Stocks
»
Cytonn looks to list on GEMS
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.