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Platinum Credit Bond.
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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whiteowl wrote:Angelica _ann wrote:Where is the prospectus? 1.Issue Size: KES 400mn; 2.Tenors: 1 year, and a 2 year; 3.Yields:1 year-16.5%; and 2 year- 17.0%. What's the simplest way to share a PDF here? send us the pdf via this address wazua@googlegroups.com
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Rank: Hello Joined: 3/2/2018 Posts: 6 Location: Nairobi
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winmak wrote:TALK'17 wrote:The yields are not suspicious! Go ahead and establish the return on their products, investors should demand higher rates based on the trading info. Also the yields factor in the risk premium,dealing with a middle tier company that is privately held. 3 posts and you are already defending a company. But thanks for the advice on risk premium. Very well noted My friend, it's not about the volume of posts, rather the content therein and the ability of the consumer to filter/sight the facts. Also,in finance we don't "defend", we take a "position".
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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TALK'17 wrote:winmak wrote:TALK'17 wrote:The yields are not suspicious! Go ahead and establish the return on their products, investors should demand higher rates based on the trading info. Also the yields factor in the risk premium,dealing with a middle tier company that is privately held. 3 posts and you are already defending a company. But thanks for the advice on risk premium. Very well noted My friend, it's not about the volume of posts, rather the content therein and the ability of the consumer to filter/sight the facts. Also,in finance we don't "defend", we take a "position". Kindly let us know what made you take the position as relates to finance? In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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mwekez@ji wrote:whiteowl wrote:Angelica _ann wrote:Where is the prospectus? 1.Issue Size: KES 400mn; 2.Tenors: 1 year, and a 2 year; 3.Yields:1 year-16.5%; and 2 year- 17.0%. What's the simplest way to share a PDF here? send us the pdf via this address wazua@googlegroups.com Sent.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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whiteowl wrote:mwekez@ji wrote:whiteowl wrote:Angelica _ann wrote:Where is the prospectus? 1.Issue Size: KES 400mn; 2.Tenors: 1 year, and a 2 year; 3.Yields:1 year-16.5%; and 2 year- 17.0%. What's the simplest way to share a PDF here? send us the pdf via this address wazua@googlegroups.com Sent. Thanks. Received. This company is bigger than I imagined. One thing that has surprised me is that this company paid dividend of Kes 300M in FY2016 and Kes 350M in FY2017 yet its coming to market to sell a bond of Kes 400M. This is shareholders withdrawing funds from the company and then the company comes to borrow from mwananchi.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Good observation..so its like FY2018 the dividend will be Kes 400M..Its like what will be borrowed goes to pay dividends? mwekez@ji wrote:
This company is bigger than I imagined.
One thing that has surprised me is that this company paid dividend of Kes 300M in FY2016 and Kes 350M in FY2017 yet its coming to market to sell a bond of Kes 400M. This is shareholders withdrawing funds from the company and then the company comes to borrow from mwananchi.
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Chaka wrote:Good observation..so its like FY2018 the dividend will be Kes 400M..Its like what will be borrowed goes to pay dividends? mwekez@ji wrote:
This company is bigger than I imagined.
One thing that has surprised me is that this company paid dividend of Kes 300M in FY2016 and Kes 350M in FY2017 yet its coming to market to sell a bond of Kes 400M. This is shareholders withdrawing funds from the company and then the company comes to borrow from mwananchi. Analysis by mwekez@ji is legendary
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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whiteowl wrote:mwekez@ji wrote:whiteowl wrote:[quote=Angelica _ann]Where is the prospectus? 1.Issue Size: KES 400mn; 2.Tenors: 1 year, and a 2 year; 3.Yields:1 year-16.5%; and 2 year- 17.0%. What's the simplest way to share a PDF here? send us the pdf via this address wazua@googlegroups.com Sent.[/quote I cant see the bond specifics... possunt quia posse videntur
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Waah corporate bonds will finish people. - Sanlam wrote off bonds worth 1B; - CIC exposed to Chase, Imperial, Nakumatt and Real People; https://www.google.com/a...o-haunt-kenyan-companiesLife is short. Live passionately.
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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How is the position of investors who put money in CIC unit trusts affected,if at all? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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[quote=sparkly]Waah corporate bonds will finish people. - Sanlam wrote off bonds worth 1B; - CIC exposed to Chase, Imperial, Nakumatt and Real People; https://www.google.com/a...-haunt-kenyan-companies[/quote] Is this in the right thread, Platinum credit is very solid, with the internet link searches, one might shout fire when there's none. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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Obi 1 Kanobi wrote:[quote=sparkly]Waah corporate bonds will finish people. - Sanlam wrote off bonds worth 1B; - CIC exposed to Chase, Imperial, Nakumatt and Real People; https://www.google.com/a...-haunt-kenyan-companies[/quote] Is this in the right thread, Platinum credit is very solid, with the internet link searches, one might shout fire when there's none. The exposure about CIC to corporate bonds should be discussed in the CIC insurance discussion. Similarly for Sanlam. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Obi 1 Kanobi wrote:[quote=sparkly]Waah corporate bonds will finish people. - Sanlam wrote off bonds worth 1B; - CIC exposed to Chase, Imperial, Nakumatt and Real People; https://www.google.com/a...-haunt-kenyan-companies[/quote] Is this in the right thread, Platinum credit is very solid, with the internet link searches, one might shout fire when there's none. We have seen stronger take a bow....I wont be shocked. possunt quia posse videntur
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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maka wrote:Obi 1 Kanobi wrote:[quote=sparkly]Waah corporate bonds will finish people. - Sanlam wrote off bonds worth 1B; - CIC exposed to Chase, Imperial, Nakumatt and Real People; https://www.google.com/a...-haunt-kenyan-companies[/quote] Is this in the right thread, Platinum credit is very solid, with the internet link searches, one might shout fire when there's none. We have seen stronger take a bow....I wont be shocked. Exactly my/our sentiments. Strong, until they borrow and thereafter the skeletons start popping up.  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Angelica _ann wrote:maka wrote:Obi 1 Kanobi wrote:[quote=sparkly]Waah corporate bonds will finish people. - Sanlam wrote off bonds worth 1B; - CIC exposed to Chase, Imperial, Nakumatt and Real People; https://www.google.com/a...-haunt-kenyan-companies[/quote] Is this in the right thread, Platinum credit is very solid, with the internet link searches, one might shout fire when there's none. We have seen stronger take a bow....I wont be shocked. Exactly my/our sentiments. Strong, until they borrow and thereafter the skeletons start popping up. Wish them well lakini... possunt quia posse videntur
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