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Cytonn Investments
Rank: Member Joined: 1/19/2016 Posts: 204
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rwitre wrote:Horton wrote:paulkimani wrote:Angelica _ann wrote:Cytonn goes for Sh2bn D-Reit to fund projects Cytonn Investments has applied for a Development Real Estate Investment Trust (D-Reit) at the Capital Markets Authority seeking to raise Sh2 billion. D-Reit meant to diversify real estate funding is expected to boost Cytonn sources for its real estate development pipeline with a project value of more than Sh82 billion. Cytonn Real Estate Investment Analyst Bryan Gitia said the funds would be deployed in the development of Phase 1 of The Ridge and Phase 1 of RiverRun estates. “The Ridge is a comprehensive aspirational lifestyle development on 10 acres in Ridgeways where stage one of the development is complete — including land acquisition, concept, foundation and is 50 percent presold; funds will go towards the second stage of superstructures construction,” he said. “RiverRun is a master-planned mixed-use community on 100 acres in Ruiru, with a dedicated affordable housing component.” https://www.businessdail...02378-qn1tx8/index.html
Cytonn is essentially asking for Kshs 2 billion in tax payers money. Cytonn also have released a report that says real estate is stagnant. Stating only facts, not opinions. Dude get a life! U know cytonn post is not the only post on Wazua right? Mnasumbua Horton holiday Also, a D-Reit is not taxpayer's money. Please read the below article: public/taxpayers - end of the day it’s the general public. https://citizentv.co.ke/...nded-debt-issue-285345/
In summary: TITLE “Cytonn lines up first publicly funded debt issue” BODY OF ARTICLE “Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D-REIT). The approval will see the company seek out a projected Ksh.2 billion from the public with acquired funds being deployed in the construction of the first phases of two real estate projects in Kiambu’s Ridgeways and Ruiru.”
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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paulkimani wrote:rwitre wrote:Horton wrote:paulkimani wrote:Angelica _ann wrote:Cytonn goes for Sh2bn D-Reit to fund projects Cytonn Investments has applied for a Development Real Estate Investment Trust (D-Reit) at the Capital Markets Authority seeking to raise Sh2 billion. D-Reit meant to diversify real estate funding is expected to boost Cytonn sources for its real estate development pipeline with a project value of more than Sh82 billion. Cytonn Real Estate Investment Analyst Bryan Gitia said the funds would be deployed in the development of Phase 1 of The Ridge and Phase 1 of RiverRun estates. “The Ridge is a comprehensive aspirational lifestyle development on 10 acres in Ridgeways where stage one of the development is complete — including land acquisition, concept, foundation and is 50 percent presold; funds will go towards the second stage of superstructures construction,” he said. “RiverRun is a master-planned mixed-use community on 100 acres in Ruiru, with a dedicated affordable housing component.” https://www.businessdail...02378-qn1tx8/index.html
Cytonn is essentially asking for Kshs 2 billion in tax payers money. Cytonn also have released a report that says real estate is stagnant. Stating only facts, not opinions. Dude get a life! U know cytonn post is not the only post on Wazua right? Mnasumbua Horton holiday Also, a D-Reit is not taxpayer's money. Please read the below article: public/taxpayers - end of the day it’s the general public. https://citizentv.co.ke/...nded-debt-issue-285345/
In summary: TITLE “Cytonn lines up first publicly funded debt issue” BODY OF ARTICLE “Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D-REIT). The approval will see the company seek out a projected Ksh.2 billion from the public with acquired funds being deployed in the construction of the first phases of two real estate projects in Kiambu’s Ridgeways and Ruiru.” Lol ati tax payers money 😂😂😂 U should not be allowed unsupervised 😂😂😂
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Rank: Member Joined: 1/1/2011 Posts: 396
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Horton wrote:paulkimani wrote:rwitre wrote:Horton wrote:paulkimani wrote:Angelica _ann wrote:Cytonn goes for Sh2bn D-Reit to fund projects Cytonn Investments has applied for a Development Real Estate Investment Trust (D-Reit) at the Capital Markets Authority seeking to raise Sh2 billion. D-Reit meant to diversify real estate funding is expected to boost Cytonn sources for its real estate development pipeline with a project value of more than Sh82 billion. Cytonn Real Estate Investment Analyst Bryan Gitia said the funds would be deployed in the development of Phase 1 of The Ridge and Phase 1 of RiverRun estates. “The Ridge is a comprehensive aspirational lifestyle development on 10 acres in Ridgeways where stage one of the development is complete — including land acquisition, concept, foundation and is 50 percent presold; funds will go towards the second stage of superstructures construction,” he said. “RiverRun is a master-planned mixed-use community on 100 acres in Ruiru, with a dedicated affordable housing component.” https://www.businessdail...02378-qn1tx8/index.html
Cytonn is essentially asking for Kshs 2 billion in tax payers money. Cytonn also have released a report that says real estate is stagnant. Stating only facts, not opinions. Dude get a life! U know cytonn post is not the only post on Wazua right? Mnasumbua Horton holiday Also, a D-Reit is not taxpayer's money. Please read the below article: public/taxpayers - end of the day it’s the general public. https://citizentv.co.ke/...nded-debt-issue-285345/
In summary: TITLE “Cytonn lines up first publicly funded debt issue” BODY OF ARTICLE “Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D-REIT). The approval will see the company seek out a projected Ksh.2 billion from the public with acquired funds being deployed in the construction of the first phases of two real estate projects in Kiambu’s Ridgeways and Ruiru.” Lol ati tax payers money 😂😂😂 U should not be allowed unsupervised 😂😂😂 Failed off-plan sales?
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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jmbada wrote:Horton wrote:paulkimani wrote:rwitre wrote:Horton wrote:paulkimani wrote:Angelica _ann wrote:Cytonn goes for Sh2bn D-Reit to fund projects Cytonn Investments has applied for a Development Real Estate Investment Trust (D-Reit) at the Capital Markets Authority seeking to raise Sh2 billion. D-Reit meant to diversify real estate funding is expected to boost Cytonn sources for its real estate development pipeline with a project value of more than Sh82 billion. Cytonn Real Estate Investment Analyst Bryan Gitia said the funds would be deployed in the development of Phase 1 of The Ridge and Phase 1 of RiverRun estates. “The Ridge is a comprehensive aspirational lifestyle development on 10 acres in Ridgeways where stage one of the development is complete — including land acquisition, concept, foundation and is 50 percent presold; funds will go towards the second stage of superstructures construction,” he said. “RiverRun is a master-planned mixed-use community on 100 acres in Ruiru, with a dedicated affordable housing component.” https://www.businessdail...02378-qn1tx8/index.html
Cytonn is essentially asking for Kshs 2 billion in tax payers money. Cytonn also have released a report that says real estate is stagnant. Stating only facts, not opinions. Dude get a life! U know cytonn post is not the only post on Wazua right? Mnasumbua Horton holiday Also, a D-Reit is not taxpayer's money. Please read the below article: public/taxpayers - end of the day it’s the general public. https://citizentv.co.ke/...nded-debt-issue-285345/
In summary: TITLE “Cytonn lines up first publicly funded debt issue” BODY OF ARTICLE “Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D-REIT). The approval will see the company seek out a projected Ksh.2 billion from the public with acquired funds being deployed in the construction of the first phases of two real estate projects in Kiambu’s Ridgeways and Ruiru.” Lol ati tax payers money 😂😂😂 U should not be allowed unsupervised 😂😂😂 Failed off-plan sales? Is it a question or a comment? If it’s a question, then no 55% in sales on off plan projects is not a bad mark. They are gunning for cheap money here. People had given these guys 2years? We are now at 6 and stronger than ever. Pole haters
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Rank: Member Joined: 1/1/2011 Posts: 396
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Horton wrote:jmbada wrote:Horton wrote:paulkimani wrote:rwitre wrote:Horton wrote:paulkimani wrote:Angelica _ann wrote:Cytonn goes for Sh2bn D-Reit to fund projects Cytonn Investments has applied for a Development Real Estate Investment Trust (D-Reit) at the Capital Markets Authority seeking to raise Sh2 billion. D-Reit meant to diversify real estate funding is expected to boost Cytonn sources for its real estate development pipeline with a project value of more than Sh82 billion. Cytonn Real Estate Investment Analyst Bryan Gitia said the funds would be deployed in the development of Phase 1 of The Ridge and Phase 1 of RiverRun estates. “The Ridge is a comprehensive aspirational lifestyle development on 10 acres in Ridgeways where stage one of the development is complete — including land acquisition, concept, foundation and is 50 percent presold; funds will go towards the second stage of superstructures construction,” he said. “RiverRun is a master-planned mixed-use community on 100 acres in Ruiru, with a dedicated affordable housing component.” https://www.businessdail...02378-qn1tx8/index.html
Cytonn is essentially asking for Kshs 2 billion in tax payers money. Cytonn also have released a report that says real estate is stagnant. Stating only facts, not opinions. Dude get a life! U know cytonn post is not the only post on Wazua right? Mnasumbua Horton holiday Also, a D-Reit is not taxpayer's money. Please read the below article: public/taxpayers - end of the day it’s the general public. https://citizentv.co.ke/...nded-debt-issue-285345/
In summary: TITLE “Cytonn lines up first publicly funded debt issue” BODY OF ARTICLE “Investor manager Cytonn has sought approval from the Capital Markets Authority (CMA) to register its first Development Real Estate Investment Trust (D-REIT). The approval will see the company seek out a projected Ksh.2 billion from the public with acquired funds being deployed in the construction of the first phases of two real estate projects in Kiambu’s Ridgeways and Ruiru.” Lol ati tax payers money 😂😂😂 U should not be allowed unsupervised 😂😂😂 Failed off-plan sales? Is it a question or a comment? If it’s a question, then no 55% in sales on off plan projects is not a bad mark. They are gunning for cheap money here. People had given these guys 2years? We are now at 6 and stronger than ever. Pole haters Okay. Will await and read the public disclosure in the filing. Their investor relations section is only updated to Q'3 2017, UNAUDITED financials, and only indicates P&L, not Bal Sheet. I am also unclear on Cytonn's various legal entities. I also note that EACH of the construction projects has a separate legal entity so I will be keen to see how the holding company proposes to borrow on behalf of these SPVs, disburse funds and service the REIT. Further, the REIT won't be listed on the NSE so even wondering why it needs CMA review (I welcome insight on this) and if so, whether they will offer an OTC option for investors.
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Copy and Paste Extract Quote:Alternative investments firm Cytonn has put off its public listing plan citing the continued depressed performance of company stocks.
The firm which had previously hinted at a late 2019 listing on the local or global market is now set to stick to its largely private capital raising initiatives as it awaits the resurgence of the domestic equities market.
“We’ve decided to pull back given the equities market is not that vibrant.
From our tests, the market is not willing to pay what we would have liked,” Cytonn Investments Chief Executive Officer Edwin Dande told Citizen Digital. But do I say. Source: https://citizentv.co.ke/...sed-stock-market-305650/
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Cytonn named most innovative property developerLINKQuote: Cytonn Real Estate has been recognised by the International Finance Magazine as the most innovative community developer (mixed use) in Kenya during the International Finance Awards that took place on November 18.
The category is won by companies that demonstrate excellence in the residential and commercial property space in emerging markets. . . Besides The Alma, Cytonn has other real estate projects including Amara Ridge in Karen, The Ridge, RiverRun, Taraji Heights, Applewood and NewTown. The company says it is running property developments worth a total of Sh82 billion.
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Wow: How About This For A Money Market Fund Pitch!
OR Should It Be: The Disadvantages OF Investing In The Nairobi Securities Exchange COPY AND PASTEQuote:There has been an exponential rise in the number of people taking up investments as an opportunity to increase their financial worth.
With the numerous investment options available, deciding on the type of investments to consider has never been so difficult.
If you are relatively new to investing, investing in the stock market is probably a bad idea.
Nothing prepares anyone for the quagmire that unfolds after investing in stocks.
Investing in stocks is generally considered to be high-risk.
The variations in the stock market are the stuff of nightmares.
It’s addictive to check how the stock market is doing every trending day and the emotional torture that comes with that is unhealthy.
Even when the stock market is bullish, there’s the anxiety that comes with not knowing how it will perform in a few days.
The stock market requires one to be rational to make logical decisions.
The emotional rollercoaster that is the result of the ever-changing variations comes with its own additional set of problems.
When you are emotional, all logic is thrown out the window and you are not in the best position to make any decisions if there is uncertainty or a steep decline in the market.
When there is the anticipation for the market to perform better with time and it continues to spiral downwards, you risk losing all your stock.
In order to make a considerable amount of wealth when investing in stocks, it has to be a long-term investment.
Generally, short-term investments have more risk attached to them than long-term investments.
The other tempting option to accumulate wealth using stocks is not to diversify the investments with a high return, which is in itself is a risky venture.
A shortcoming of long-term investments is that they are most people are either unwilling or unable to take them on.
When people think of investments, the first thing they think of is making easy, quick cash.
The general expectation is to buy stocks at a low price and sell at a higher price.
The flaw in this type of thinking is it doesn’t consider the variations in the stock market over a shorter period.
If you’re looking to invest in the short-term, the chances are you will buy at a high price and sell at a low price as you rush not to lose your stock when the market is fragile.
Depending on how you look at it, another hiccup with stocks is that when you buy them, you get a fraction of ownership from a company and that comes with some responsibilities.
This isn’t ideal because since you own part of a company, you are also liable to bear risks.
This can lead to losing stock if the company experiences a downfall or liquidates altogether.
It also doesn’t help that an investment in stock has no maturity date.
As a result, when you want out of the stock market, you have to sell which, making you susceptible to liquidity risk where you could be forced to sell for a lower value than you bought the stock for.
These, coupled with the fact that there are other investment options that are low-risk and offer good returns on investment, are the reasons why one should tread carefully when trading in stocks.
There are other investment options in the market that are safer and still have attractive interest rates.
A money market fund is one such option.
It’s a relatively low-risk and appropriate investment for investors who want to earn some income and want their principal amount to be secure.
There is easy entry and withdrawal without worrying about the prevailing market situation or the risk of liquidity.
Therefore, if you're looking for an investment opportunity that is relatively safer with attractive interest rates and most importantly, peace of mind, then a money market fund could be the investment choice for you.
*The views expressed in the article are the writer's and should not be seen as an endorsement. Before making any investment decisions, do your due diligence and seek expert financial advice. SOURCE: Why I Quit the Stock Market in Favour of a Money Market FundJanet Muchoki | Nov 14, 2019 | Cytonn Investments LINK: https://cytonnreport.com...r-of-a-money-market-fund
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Rank: Elder Joined: 12/7/2012 Posts: 11,909
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Cytonn launches Sh30bn housing fund. So far ... Cytonn Asset Managers Ltd principal officer Victor Odendo said it had raised about Sh13 billion locally in the past year via their Cytonn high yield (10.4 billion), unit trusts (Sh700 million) and a further Sh2 billion via the Cytonn Money Market Fund. https://www.businessdail...asAMP-2epq0uz/index.htmlIn 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: Member Joined: 12/8/2006 Posts: 104
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[quote=Angelica _ann]Cytonn launches Sh30bn housing fund. So far ... Cytonn Asset Managers Ltd principal officer Victor Odendo said it had raised about Sh13 billion locally in the past year via their Cytonn high yield (10.4 billion), unit trusts (Sh700 million) and a further Sh2 billion via the Cytonn Money Market Fund. https://www.businessdail...sAMP-2epq0uz/index.html[/quote] Is this a public investment regulated by CMA? If so, does anyone have a link to the prospectus? Can't find any on CMA website.
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Rank: Elder Joined: 7/22/2008 Posts: 2,703
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passiveinvestor wrote:Angelica _ann wrote:Cytonn launches Sh30bn housing fund. So far ... Cytonn Asset Managers Ltd principal officer Victor Odendo said it had raised about Sh13 billion locally in the past year via their Cytonn high yield (10.4 billion), unit trusts (Sh700 million) and a further Sh2 billion via the Cytonn Money Market Fund. https://www.businessdail...sAMP-2epq0uz/index.html Is this a public investment regulated by CMA? If so, does anyone have a link to the prospectus? Can't find any on CMA website. Sh. 30 billion to build 6000 units 30,000,000,000 / 6,000 =30,000,000 / 6 = 5,000,000 Assuming everything this Government says is true: 10% downpayment and 7% fixed interest rate for 25 years. Payments on Ksh. 5,000,0000 will be Ksh.31,805.06 every month for 25 years. Assuming a realistic interest rate of 15%, Those monthly payments jump to Ksh. 57,637.38
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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Kusadikika wrote:passiveinvestor wrote:Angelica _ann wrote:Cytonn launches Sh30bn housing fund. So far ... Cytonn Asset Managers Ltd principal officer Victor Odendo said it had raised about Sh13 billion locally in the past year via their Cytonn high yield (10.4 billion), unit trusts (Sh700 million) and a further Sh2 billion via the Cytonn Money Market Fund. https://www.businessdail...sAMP-2epq0uz/index.html Is this a public investment regulated by CMA? If so, does anyone have a link to the prospectus? Can't find any on CMA website. Sh. 30 billion to build 6000 units 30,000,000,000 / 6,000 =30,000,000 / 6 = 5,000,000 Assuming everything this Government says is true: 10% downpayment and 7% fixed interest rate for 25 years. Payments on Ksh. 5,000,0000 will be Ksh.31,805.06 every month for 25 years. Assuming a realistic interest rate of 15%, Those monthly payments jump to Ksh. 57,637.38 What guarantees do I have that I'll afford 57637 per Month for the next 25 yrs in this shithole nation where job loses are the order of the day punda amecheka
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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newfarer wrote:Kusadikika wrote:passiveinvestor wrote:Angelica _ann wrote:Cytonn launches Sh30bn housing fund. So far ... Cytonn Asset Managers Ltd principal officer Victor Odendo said it had raised about Sh13 billion locally in the past year via their Cytonn high yield (10.4 billion), unit trusts (Sh700 million) and a further Sh2 billion via the Cytonn Money Market Fund. https://www.businessdail...sAMP-2epq0uz/index.html Is this a public investment regulated by CMA? If so, does anyone have a link to the prospectus? Can't find any on CMA website. Sh. 30 billion to build 6000 units 30,000,000,000 / 6,000 =30,000,000 / 6 = 5,000,000 Assuming everything this Government says is true: 10% downpayment and 7% fixed interest rate for 25 years. Payments on Ksh. 5,000,0000 will be Ksh.31,805.06 every month for 25 years. Assuming a realistic interest rate of 15%, Those monthly payments jump to Ksh. 57,637.38 What guarantees do I have that I'll afford 57637 per Month for the next 25 yrs in this shithole nation where job loses are the order of the day And that there explains the current <20,000 mortgages in this country For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Member Joined: 12/8/2006 Posts: 104
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rwitre wrote: Cytonn named most innovative property developerLINKQuote: Cytonn Real Estate has been recognised by the International Finance Magazine as the most innovative community developer (mixed use) in Kenya during the International Finance Awards that took place on November 18.
The category is won by companies that demonstrate excellence in the residential and commercial property space in emerging markets. . . Besides The Alma, Cytonn has other real estate projects including Amara Ridge in Karen, The Ridge, RiverRun, Taraji Heights, Applewood and NewTown. The company says it is running property developments worth a total of Sh82 billion.
This is all just PR fluff. That is a meaningless award in a very narrow, niche category (probably the only entrant from Kenya). Meanwhile, no CMA data on this supposed REIT so either not regulated or only for private placement with "sophisticated investors"
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Rank: Member Joined: 1/19/2016 Posts: 204
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Rank: Elder Joined: 12/7/2012 Posts: 11,909
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paulkimani wrote:https://edition.pagesuite.com/popovers/dynamic_article_popover.aspx?artguid=e8188b90-31ac-4e4f-84fd-cb7e7f07db7f&appid=3420 2020 is the year the ponzi falls. The article doesn't show it is a ponzi scheme! 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: Member Joined: 1/19/2016 Posts: 204
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Angelica _ann wrote:paulkimani wrote:https://edition.pagesuite.com/popovers/dynamic_article_popover.aspx?artguid=e8188b90-31ac-4e4f-84fd-cb7e7f07db7f&appid=3420 2020 is the year the ponzi falls. The article doesn't show it is a ponzi scheme! Yes, I didn’t say it said that :). My opinion and yours is also valid :) The article brings up flags and it’s up to the individual to make up their own mind on whether to trust the firm. Have a good week!
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Angelica _ann wrote:paulkimani wrote:https://edition.pagesuite.com/popovers/dynamic_article_popover.aspx?artguid=e8188b90-31ac-4e4f-84fd-cb7e7f07db7f&appid=3420 2020 is the year the ponzi falls. The article doesn't show it is a ponzi scheme! So CMA will watch investors getting burned at NSE, but will be used by a bank that's jittery about competition to strangle the new kid on the block who is attracting more new clients? And how are there only 5 banks in Kenya that can be trustees? Our market needs to evolve.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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paulkimani wrote:https://edition.pagesuite.com/popovers/dynamic_article_popover.aspx?artguid=e8188b90-31ac-4e4f-84fd-cb7e7f07db7f&appid=3420 2020 is the year the ponzi falls. Why are the other banks declining trusteeship? I wonder Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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mnandii wrote:paulkimani wrote:https://edition.pagesuite.com/popovers/dynamic_article_popover.aspx?artguid=e8188b90-31ac-4e4f-84fd-cb7e7f07db7f&appid=3420 2020 is the year the ponzi falls. Why are the other banks declining trusteeship? I wonder Coop: "Channel your funds to our bank deposits or we'll stop being your trustees" Stanbic Bank: Not sure The other 3: Likely saying "Less competition in the money markets, better business for us"
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