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VituVingiSana
#61 Posted : Wednesday, August 07, 2019 8:33:04 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
Home Afrika picks former Suntra boss to its board
https://www.businessdail...958-108pk0xz/index.html


What value does he bring to HAFR? Fusion capital failed to raise enough money for its D-reit a few years back. Birds of a failure hang out together.
Laughing out loudly Laughing out loudly Laughing out loudly
Let me stick with my Centum smile
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Angelica _ann
#62 Posted : Thursday, September 12, 2019 6:10:12 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Those who are making money out of Home Africa smile



https://www.businessdail...269366-b8twe4/index.html
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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VituVingiSana
#63 Posted : Thursday, September 12, 2019 10:56:40 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Angelica _ann wrote:
Those who are making money out of Home Africa smile

https://www.businessdail...69366-b8twe4/index.html

Will he be paid cash or be given shares in HAFR?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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whiteowl
#64 Posted : Friday, September 13, 2019 9:22:14 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
VituVingiSana wrote:
Angelica _ann wrote:
Those who are making money out of Home Africa smile

https://www.businessdail...69366-b8twe4/index.html

Will he be paid cash or be given shares in HAFR?


I bet he's being paid in cash.No insider can exchange his piece of land for monkeys.
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VituVingiSana
#65 Posted : Friday, September 13, 2019 9:28:45 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
whiteowl wrote:
VituVingiSana wrote:
Angelica _ann wrote:
Those who are making money out of Home Africa smile

https://www.businessdail...69366-b8twe4/index.html

Will he be paid cash or be given shares in HAFR?


I bet he's being paid in cash.No insider can exchange his piece of land for monkeys.
Isn't HAFR broke? How will HAFR pay him?
BUT d'oh! d'oh! d'oh!
This was a monkey from the day it was listed. Good luck to the shareholders...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#66 Posted : Friday, September 13, 2019 10:45:51 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
whiteowl wrote:
VituVingiSana wrote:
Angelica _ann wrote:
Those who are making money out of Home Africa smile

https://www.businessdail...69366-b8twe4/index.html

Will he be paid cash or be given shares in HAFR?


I bet he's being paid in cash.No insider can exchange his piece of land for monkeys.
Isn't HAFR broke? How will HAFR pay him?
BUT d'oh! d'oh! d'oh!
This was a monkey from the day it was listed. Good luck to the shareholders...


HAFR modus operandi:
1. Landowner approaches HAFR with land;
2. HAFR & Landowner into a JV with landowner. JV is typically a new company, a subsidiary of HAFR;
3. Landowner gets redeemable preference shares in the JV.
4. If the usual modus is followed, I expect the same with the Gitahi land in DC.
Life is short. Live passionately.
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VituVingiSana
#67 Posted : Friday, September 13, 2019 11:23:46 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
whiteowl wrote:
VituVingiSana wrote:
Angelica _ann wrote:
Those who are making money out of Home Africa smile

https://www.businessdail...69366-b8twe4/index.html

Will he be paid cash or be given shares in HAFR?


I bet he's being paid in cash.No insider can exchange his piece of land for monkeys.
Isn't HAFR broke? How will HAFR pay him?
BUT d'oh! d'oh! d'oh!
This was a monkey from the day it was listed. Good luck to the shareholders...


HAFR modus operandi:
1. Landowner approaches HAFR with land;
2. HAFR & Landowner into a JV with landowner. JV is typically a new company, a subsidiary of HAFR;
3. Landowner gets redeemable preference shares in the JV.
4. If the usual modus is followed, I expect the same with the Gitahi land in DC.
That sounds reasonable if it is not a cash deal. Gitahi is using HAFR's expertise and network to sell off his land. Both benefit.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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MugundaMan
#68 Posted : Friday, September 13, 2019 2:03:19 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
[quote=Angelica _ann]Those who are making money out of Home Africa smile



https://www.businessdail...69366-b8twe4/index.html[/quote]

This is Kerobi Plains land in Isinya that they have been selling for over 3 years in small parcels. Wakora sana. They are only disclosing it now when KRA came snooping and noticed some funny business was going on (conflict of interest). Only a mad man would hold on to such a stock (or any other stock on the NSE SCOM and EABL excepted) given its loooooooong history of scandals.
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VituVingiSana
#69 Posted : Friday, September 13, 2019 3:21:34 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
MugundaMan wrote:
Angelica _ann wrote:
Those who are making money out of Home Africa smile



https://www.businessdail...69366-b8twe4/index.html


This is Kerobi Plains land in Isinya that they have been selling for over 3 years in small parcels. Wakora sana. They are only disclosing it now when KRA came snooping and noticed some funny business was going on (conflict of interest). Only a mad man would hold on to such a stock (or any other stock on the NSE SCOM and EABL excepted) given its loooooooong history of scandals.
KRA does not care about conflict of interest. It gets interested if there is no payment of taxes be it stamp duty, CGT or corporate taxes.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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MugundaMan
#70 Posted : Friday, September 13, 2019 4:02:02 PM
Rank: Elder

Joined: 1/8/2018
Posts: 2,212
Location: DC (Dustbowl County)
VituVingiSana wrote:
MugundaMan wrote:
Angelica _ann wrote:
Those who are making money out of Home Africa smile



https://www.businessdail...69366-b8twe4/index.html


This is Kerobi Plains land in Isinya that they have been selling for over 3 years in small parcels. Wakora sana. They are only disclosing it now when KRA came snooping and noticed some funny business was going on (conflict of interest). Only a mad man would hold on to such a stock (or any other stock on the NSE SCOM and EABL excepted) given its loooooooong history of scandals.
KRA does not care about conflict of interest. It gets interested if there is no payment of taxes be it stamp duty, CGT or corporate taxes.



But that is precisely where the COI played out. They were trying to pull a related party scheme in order to eschew CGT and got caught red handed!
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