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mwekez@ji
#21 Posted : Thursday, June 21, 2018 10:29:21 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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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TALK'17
#22 Posted : Thursday, June 21, 2018 2:40:05 PM
Rank: Hello

Joined: 3/2/2018
Posts: 6
Location: Nairobi
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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Angelica _ann
#23 Posted : Thursday, June 21, 2018 2:42:53 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,936
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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whiteowl
#24 Posted : Thursday, June 21, 2018 4:29:25 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
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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mwekez@ji
#25 Posted : Friday, June 22, 2018 12:01:29 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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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Chaka
#26 Posted : Friday, June 22, 2018 8:47:42 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
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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  | | Edit by user: Friday, June 22, 2018 8:50 AM | Reason: Not specified
obiero
#27 Posted : Friday, June 22, 2018 9:02:34 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,289
Location: nairobi
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
COOP, IMH, KEGN, KQ, MTNU
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maka
#28 Posted : Friday, July 20, 2018 7:19:23 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
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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sparkly
#29 Posted : Wednesday, August 22, 2018 7:48:38 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
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-companies
Life is short. Live passionately.
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Impunity
#30 Posted : Thursday, August 23, 2018 10:51:22 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
sparkly wrote:
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



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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