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Ibuka Incubation at NSE
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VituVingiSana
#1 Posted : Friday, March 15, 2019 9:03:22 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
First SME (APT Commodities) joins NSE incubation and acceleration program
https://www.capitalfm.co...d-acceleration-program/
APT Commodities Ltd. is a leading tea exporter with a vision of becoming the most attractive tea company in Kenya and boasts of a wide portfolio of brands such as Jambo Chai, Tangawizi, Hassan Tea and Equity Green Tea consumed in various markets across the world.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#2 Posted : Friday, March 15, 2019 9:08:21 PM
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Joined: 1/3/2007
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Tour firm Globetrotters Agency set for NSE incubation ahead of listing
https://www.businessdail...27260-t4cmym/index.html
“We launched operations four years ago and in 2017 realised a turnover of Sh142 million which we feel would have been higher if we had adequate funds to take up new opportunities arising from our operations,” she said.

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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jmbada
#3 Posted : Monday, March 18, 2019 8:04:00 AM
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Joined: 1/1/2011
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VituVingiSana wrote:
Tour firm Globetrotters Agency set for NSE incubation ahead of listing
https://www.businessdail...27260-t4cmym/index.html
“We launched operations four years ago and in 2017 realised a turnover of Sh142 million which we feel would have been higher if we had adequate funds to take up new opportunities arising from our operations,” she said.


NSE truly adding value!
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VituVingiSana
#4 Posted : Monday, March 18, 2019 10:12:53 AM
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Let's see what comes out of Ibuka.
I want more firms to list but the performance of firms that have recently listed is sketchy. Ignore the share price and look at the poor profitability. The "best" results seem to be the one just before they list! [Cooking]

NBV - Reduced turnover. Losses.
Kurwitu - Not sure what it does but declares operational losses.

ADSS - Not so recent but it is dead

FTGH - I think it will report a profit for FY 2018 given its HY performance but a far cry from what was reported in earlier years.

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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tandich
#5 Posted : Monday, March 18, 2019 10:21:53 AM
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I wish these companies had more disclosures. I can't find anything financial about them
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VituVingiSana
#6 Posted : Sunday, March 24, 2019 12:26:35 PM
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NSE enrols third firm (Moad Capital) for incubation before listing
https://www.businessdail...036322-e5cjwq/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Sober
#7 Posted : Monday, March 25, 2019 2:59:34 PM
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Joined: 11/27/2007
Posts: 3,604
This drought is not healthy for the stock market. Most Kenyans are even forgetting there was a word like IPO.....
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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VituVingiSana
#8 Posted : Thursday, March 28, 2019 12:07:04 AM
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#4 Bluenile Rolling Mills
https://www.businessdail...45188-qu4psbz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Fyatu
#9 Posted : Monday, April 01, 2019 10:51:15 AM
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Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
VituVingiSana wrote:
First SME (APT Commodities) joins NSE incubation and acceleration program
https://www.capitalfm.co...d-acceleration-program/
APT Commodities Ltd. is a leading tea exporter with a vision of becoming the most attractive tea company in Kenya and boasts of a wide portfolio of brands such as Jambo Chai, Tangawizi, Hassan Tea and Equity Green Tea consumed in various markets across the world.


I'm afraid this looks like a scam. Never heard of them, never seen their chai in any supermarket. Hapa wazuans wataona mambo.
Dumb money becomes dumb only when it listens to smart money
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Fyatu
#10 Posted : Monday, April 01, 2019 10:52:50 AM
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Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
VituVingiSana wrote:
Tour firm Globetrotters Agency set for NSE incubation ahead of listing
https://www.businessdail...27260-t4cmym/index.html
“We launched operations four years ago and in 2017 realised a turnover of Sh142 million which we feel would have been higher if we had adequate funds to take up new opportunities arising from our operations,” she said.




This one too. No tangible assets, no nothing...wazuans run for your dear life
Dumb money becomes dumb only when it listens to smart money
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Fyatu
#11 Posted : Monday, April 01, 2019 10:54:32 AM
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VituVingiSana wrote:
NSE enrols third firm (Moad Capital) for incubation before listing
https://www.businessdail...36322-e5cjwq/index.html




This one is an outright scam
Dumb money becomes dumb only when it listens to smart money
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Fyatu
#12 Posted : Monday, April 01, 2019 10:56:47 AM
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VituVingiSana wrote:
#4 Bluenile Rolling Mills
https://www.businessdail...5188-qu4psbz/index.html



This one looks promising. However, i have to visit hardwares in Githurai and other locations and see whether Kifaru steel is popular with the fundis.
Dumb money becomes dumb only when it listens to smart money
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Kenyan Oracle
#13 Posted : Monday, April 01, 2019 2:32:43 PM
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Joined: 5/31/2011
Posts: 247
VituVingiSana wrote:
Let's see what comes out of Ibuka.
I want more firms to list but the performance of firms that have recently listed is sketchy. Ignore the share price and look at the poor profitability. The "best" results seem to be the one just before they list! [Cooking]

NBV - Reduced turnover. Losses.
Kurwitu - Not sure what it does but declares operational losses.

ADSS - Not so recent but it is dead

FTGH - I think it will report a profit for FY 2018 given its HY performance but a far cry from what was reported in earlier years.



Most of the recent companies that have listed have been shadowy. They've been an exit plan for the initial investors to offload dud company to unsuspecting Wanjikus. After Home Africa, I've been wary sana.
You lose money chasing women, but you never lose women chasing money - NAS
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VituVingiSana
#14 Posted : Thursday, April 04, 2019 11:24:12 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
Myspace Properties is the latest entrant having been admitted on Wednesday into the Ibuka incubation programme.

#5

https://www.businessdail...56852-js1fiwz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#15 Posted : Friday, April 05, 2019 10:39:44 AM
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Joined: 9/23/2009
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[quote=VituVingiSana]Myspace Properties is the latest entrant having been admitted on Wednesday into the Ibuka incubation programme.

#5

https://www.businessdail...6852-js1fiwz/index.html[/quote]

Very proactive of NSE. My only concerns are:

1. Quality of firms - The firms signing up are uknowns, unlikely to return confidence to the NSE. They should target more established firms.

2. Follow through - NSE has a poor execution record. How many firms will actually list? We are still waiting for Derivatives market, the commodities exchange, electronic trading of fixed income securities.
Life is short. Live passionately.
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VituVingiSana
#16 Posted : Friday, April 05, 2019 1:50:44 PM
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Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
Seems to me that the Ibuka program is a the start of a program to encourage more listings. Not all will make it to the listing stage but that's OK. Vet out those that do not make the cut.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#17 Posted : Friday, April 05, 2019 1:59:50 PM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
Seems to me that the Ibuka program is a the start of a program to encourage more listings. Not all will make it to the listing stage but that's OK. Vet out those that do not make the cut.

Agreed. Great initiative by NSE!
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Yliett
#18 Posted : Saturday, April 27, 2019 12:58:19 AM
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Joined: 12/23/2018
Posts: 38
Location: germany
I agree with The Deal. I also think that there are several government programs with aim to encourage new companies as well as start-ups to be listed on stock exchange. In this way they will be able to collect more money for their future growth
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Balaa
#19 Posted : Wednesday, November 18, 2020 3:06:02 PM
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Joined: 7/6/2018
Posts: 175
Location: Kinshasa

https://mobile.twitter.c...tus/1328967239102500865

When is this Ibuka nonesense expected to bear fruits? All you hear is firms getting admitted, but no firms graduating on to being listed. The Ibuka program is overrated.A lousy experiment for PR.
If it don't make dollars, it don't make sense
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Fyatu
#20 Posted : Wednesday, November 18, 2020 3:33:05 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Balaa wrote:
When is this Ibuka nonesense expected to bear fruits? All you hear is firms getting admitted, but no firms graduating on to being listed. The Ibuka program is overrated.A lousy experiment for PR.


Don't hold your breath man....The Ibuka list of firms is very mediocre yet in this country there are serious firms like Bidco, Devki, Brookside, Pwani oil, Deepa industries, Tononoka steel, Unilever, Hyoung, General motors, Mombasa cement, Kabras/Rai/Menengai etc. whose products Kenyans use on a daily basis...

Atleast Guru has committed to one day listing Devki so that Kenyans can share in his prosperity.

Dumb money becomes dumb only when it listens to smart money
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