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Stanlib Fahari FY18
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Ericsson
#61 Posted : Friday, March 06, 2020 11:19:45 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
sparkly wrote:
RIEK01 wrote:
https://www.the-star.co.ke/business/kenya/2020-03-03-stanlib--icea-real-estate-deal-approved/


South Africans really struggle making money in Kenya.


https://www.businessdail...0026-p9380iz/index.html

Clients of asset manager Stanlib Kenya have withdrawn Sh75 billion ahead of the buyout by rival ICEA Lion Asset Management.

The outflows, representing over half Stanlib assets under management (AUM), have been disclosed by the company’s parent company Liberty Holdings of South Africa.

The multinational says in a trading update that Stanlib’s “discontinued mandates” stood at R11.1 billion (Sh75 billion) as of December 31, 2019.
The outflows are estimated to have reduced Stanlib’s pool of funds to some Sh60 billion from the previous Sh135 billion.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Balaa
#62 Posted : Wednesday, April 01, 2020 10:37:29 AM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
So what happened to this counter after the buy out? Their website doesn't exist anymore. They should've have announced results by now; or are they taking advantage of the extended deadline? What opacity!! What a bad showing by ICEA for a first impression?
If it don't make dollars, it don't make sense
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  | | Edit by user: Wednesday, April 01, 2020 10:40 AM | Reason: Not specified
Ericsson
#63 Posted : Wednesday, April 01, 2020 10:40:34 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Balaa wrote:
So what happened to this counter after the buy out? Their website doesn't exist anymore. They should've have announced results bt now; or are they taking advantage of the extended deadline? What opacity!! Us ICEA to blame?


The company ceased to exist.
Any issue liaise with ICEA
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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wukan
#64 Posted : Wednesday, April 01, 2020 10:44:23 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,653
Balaa wrote:
So what happened to this counter after the buy out? Their website doesn't exist anymore. They should've have announced results bt now; or are they taking advantage of the extended deadline? What opacity!! Us ICEA to blame?


No update at all to unit-holders. NSE is a fish market nowadays.
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rwitre
#65 Posted : Friday, April 10, 2020 10:17:17 AM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
wukan wrote:
Balaa wrote:
So what happened to this counter after the buy out? Their website doesn't exist anymore. They should've have announced results bt now; or are they taking advantage of the extended deadline? What opacity!! Us ICEA to blame?


No update at all to unit-holders. NSE is a fish market nowadays.



d'oh! d'oh!
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Balaa
#66 Posted : Sunday, April 12, 2020 10:52:23 PM
Rank: Member

Joined: 7/6/2018
Posts: 175
Location: Kinshasa
Old Fahari website is back on, but is outdated.
If it don't make dollars, it don't make sense
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deadpoet
#67 Posted : Wednesday, April 15, 2020 3:27:47 PM
Rank: Member

Joined: 9/27/2006
Posts: 505
rwitre wrote:
wukan wrote:
Balaa wrote:
So what happened to this counter after the buy out? Their website doesn't exist anymore. They should've have announced results bt now; or are they taking advantage of the extended deadline? What opacity!! Us ICEA to blame?


No update at all to unit-holders. NSE is a fish market nowadays.



d'oh! d'oh!


CMA asleep at the wheel as per usual.
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RIEK01
#68 Posted : Thursday, April 16, 2020 8:04:39 AM
Rank: New-farer

Joined: 2/8/2018
Posts: 73
You can contact the chairman directly and find out what's happening.

surinder@skapila.com

Tel: +254 722 240 756
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xxxxx
#69 Posted : Thursday, April 16, 2020 9:38:19 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
RIEK01 wrote:
You can contact the chairman directly and find out what's happening.

surinder@skapila.com

Tel: +254 722 240 756


Y not just sell out n go acquire companies that won't give u a headache?
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VituVingiSana
#70 Posted : Thursday, April 16, 2020 1:11:46 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
xxxxx wrote:
RIEK01 wrote:
You can contact the chairman directly and find out what's happening.

surinder@skapila.com

Tel: +254 722 240 756


Y not just sell out n go acquire companies that won't give u a headache?
I have also come around to that conclusion. Getting conned on the NSE is a huge risk.

KQ, ARM, etc and many more.
Many of those who run the show or are majority owners don't play fair with minority shareholders.

Merali (Sasini, Sameer) - That JV for Sameer Business Park is suspect and benefits Merali far more than his % of Sameer.

Unga (Seaboard/Ndegwas) - Offered less than 60% of the NAV just as Unga was ready to start its new mills. Like coming to pick up a pregnant cow just when it is ready to deliver but offering what one would for an emaciated, old cow.

So for Fahari, could it be the same with the Ndegwas in the mix?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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