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Amana Capital 'drinks clients money water'
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Coolbull
#1 Posted : Friday, January 17, 2020 12:13:49 PM
Rank: Member

Joined: 10/23/2007
Posts: 604
Very unfortunate, clients money has just been lost.

Amana Capital makes clients money drink water
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Jimmii
#2 Posted : Saturday, January 18, 2020 7:31:05 AM
Rank: New-farer

Joined: 10/29/2018
Posts: 14
Location: Nairobi
They put 20% of the fund capital in one client(Nakumatt) whose financial status wasn't really transparent, it seems all risk analysis was flushed down the drain
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Jimmii
#3 Posted : Saturday, January 18, 2020 7:33:39 AM
Rank: New-farer

Joined: 10/29/2018
Posts: 14
Location: Nairobi
Jimmii wrote:
They put 20% of the fund capital in one client(Nakumatt) whose financial status wasn't really transparent, it seems all risk analysis was flushed down the drain


In 2013, a certain local bank(foreign owned) totally refused to touch the really juicy deals from Nakumatt, Chase bank and KQ even with a 100 foot pole, we all thought the bank was acting crazy and proud. 3 years later, Chase went down, Nakumatt & KQ troubles started and banks lost money. Proper risk analysis works, but in Kenya we are used to ignoring simple rules(overlapping kwa traffic) and taking shortcuts -it's the Kenyan way
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Ericsson
#4 Posted : Saturday, January 18, 2020 8:04:19 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
Jimmii wrote:
Jimmii wrote:
They put 20% of the fund capital in one client(Nakumatt) whose financial status wasn't really transparent, it seems all risk analysis was flushed down the drain


In 2013, a certain local bank(foreign owned) totally refused to touch the really juicy deals from Nakumatt, Chase bank and KQ even with a 100 foot pole, we all thought the bank was acting crazy and proud. 3 years later, Chase went down, Nakumatt & KQ troubles started and banks lost money. Proper risk analysis works, but in Kenya we are used to ignoring simple rules(overlapping kwa traffic) and taking shortcuts -it's the Kenyan way


That is Barclays bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Balaa
#5 Posted : Monday, January 20, 2020 10:26:39 AM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Reginald (@Kadzutu) Tweeted:
@hervegogo @RichFrontiers @alykhansatchu @AmanaCapitalKE @Nakumatt @AnneGaitha Left Amana in June last https://t.co/ED08Tm1xjt's an issue with one fund only from 2014 when an purchase was made in e nakumatt CP of 10% of that fund&affects guys who were in tht fund before Dec 2017.Becoz of reduction in fund value the %of CP increases.but issue is being sorted https://twitter.com/Kadz...1218364027002327041?s=20
If it don't make dollars, it don't make sense
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Balaa
#6 Posted : Monday, January 20, 2020 10:30:51 AM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Balaa wrote:
Reginald (@Kadzutu) Tweeted:
@hervegogo @RichFrontiers @alykhansatchu @AmanaCapitalKE @Nakumatt @AnneGaitha Left Amana in June last https://t.co/ED08Tm1xjt's an issue with one fund only from 2014 when an purchase was made in e nakumatt CP of 10% of that fund&affects guys who were in tht fund before Dec 2017.Becoz of reduction in fund value the %of CP increases.but issue is being sorted https://twitter.com/Kadz...218364027002327041?s=20


Fyi Amana's a sinking ship. Their Chief Investment Officer ( Reginald Kadzutu) who had defended the fund's investment strategy at AGMs jumped ship in August 2019. Be afraid!
If it don't make dollars, it don't make sense
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  | | Edit by moderator: Tuesday, January 21, 2020 12:11 PM | Reason: quote tags
maka
#7 Posted : Monday, January 20, 2020 10:47:43 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Balaa wrote:
Balaa wrote:
Reginald (@Kadzutu) Tweeted:
@hervegogo @RichFrontiers @alykhansatchu @AmanaCapitalKE @Nakumatt @AnneGaitha Left Amana in June last https://t.co/ED08Tm1xjt's an issue with one fund only from 2014 when an purchase was made in e nakumatt CP of 10% of that fund&affects guys who were in tht fund before Dec 2017.Becoz of reduction in fund value the %of CP increases.but issue is being sorted https://twitter.com/Kadz...218364027002327041?s=20


Fyi Amana's a sinking ship. Their Chief Investment Officer ( Reginald Kadzutu) who had defended the fund's investment strategy at AGMs jumped ship in August 2019. Be afraid!



Such people should be jailed... Anyway this is Kenya play on....
possunt quia posse videntur
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  | | Edit by moderator: Tuesday, January 21, 2020 12:12 PM | Reason: quote tags
Chaka
#8 Posted : Tuesday, January 21, 2020 9:10:33 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Balaa wrote:

Fyi Amana's a sinking ship. Their Chief Investment Officer ( Reginald Kadzutu) who had defended the fund's investment strategy at AGMs jumped ship in August 2019. Be afraid!

Where did he go to(lest he takes that strategy there)?
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maka
#9 Posted : Tuesday, January 21, 2020 9:48:04 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Chaka wrote:
Balaa wrote:

Fyi Amana's a sinking ship. Their Chief Investment Officer ( Reginald Kadzutu) who had defended the fund's investment strategy at AGMs jumped ship in August 2019. Be afraid!

Where did he go to(lest he takes that strategy there)?


Most likely freelancing... No wonder he brazenly talked about the shilling being overvalued....Made those comments as CIO then bounced.
possunt quia posse videntur
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Angelica _ann
#10 Posted : Tuesday, January 21, 2020 10:01:44 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,936
maka wrote:
Chaka wrote:
Balaa wrote:

Fyi Amana's a sinking ship. Their Chief Investment Officer ( Reginald Kadzutu) who had defended the fund's investment strategy at AGMs jumped ship in August 2019. Be afraid!

Where did he go to(lest he takes that strategy there)?


Most likely freelancing... No wonder he brazenly talked about the shilling being overvalued....Made those comments as CIO then bounced.


Something Opus Dei never wants to hear. Has put gag on such comments by local dealers and managers.
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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