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Stanlib Fahari I-Reit FY 2019
littledove
#81 Posted : Thursday, August 31, 2023 10:56:31 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
for those buying yesterday and today, will they be eligible to sell @ 11 bearing in mind record date is 1st september?
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
VituVingiSana
#82 Posted : Thursday, August 31, 2023 1:10:27 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,097
Location: Nairobi
wukan wrote:
The NAV is actually 18.75
REIT has Cash and near cash assets of kshs 630 million

We are walking away with 402 million. NSE is a fish market.
Observing how Unga group shareholders were treated its best to take and leave.

CMA should really reconsider if REITs below 5B require fund managers and big trustees. Small reits can administered by property managers earning a salary.
Ndegwas will always screw over the minorities.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
wukan
#83 Posted : Friday, September 01, 2023 8:34:30 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,589
littledove wrote:
for those buying yesterday and today, will they be eligible to sell @ 11 bearing in mind record date is 1st september?


Yes they are eligible. That's a +20% return on investment for 2 month period.

Can't figure out what the reit holders selling are thinking.d'oh!
VituVingiSana
#84 Posted : Friday, September 01, 2023 10:01:22 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,097
Location: Nairobi
wukan wrote:
littledove wrote:
for those buying yesterday and today, will they be eligible to sell @ 11 bearing in mind record date is 1st september?


Yes they are eligible. That's a +20% return on investment for 2 month period.

Can't figure out what the reit holders selling are thinking.d'oh!

From my reading of the initial announcement, those who own more than 450,000 units (KES 5mn) will not be eligible for the 11/- offer.

Assume you own 2mn. You are better off selling 1.55mn at 9 (+50% from 6/-) and then sell the rest at 11/-.

If you are stuck with the 2mn... you will be forced to move to the USP and might not even see 6/-
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Elephant Man
#85 Posted : Friday, September 01, 2023 12:22:53 PM
Rank: Member


Joined: 12/24/2008
Posts: 112
@VVS - so if I've bought 700,000 units at 7/- totalling Kshs. 4.9m, am I to be considered a 'professional investor'? Kuna ambiguity kiasi...
VituVingiSana
#86 Posted : Friday, September 01, 2023 1:18:54 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,097
Location: Nairobi
Elephant Man wrote:
@VVS - so if I've bought 700,000 units at 7/- totalling Kshs. 4.9m, am I to be considered a 'professional investor'? Kuna ambiguity kiasi...

Use 11/- as the cutoff
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Superprime1
#87 Posted : Friday, September 01, 2023 2:06:04 PM
Rank: Member


Joined: 5/2/2018
Posts: 267
Fyatu wrote:
At kobole, this thing is a steal. Value here will be unlocked very quickly and violently and some people will come hapa hapa wazua and start lamenting how they missed an opportunity...

For some of us whose retirement is approaching fast, dividend here is guaranteed 15% of current price

Hapa ulisema tu.smile
Superprime1
#88 Posted : Friday, September 01, 2023 3:00:14 PM
Rank: Member


Joined: 5/2/2018
Posts: 267
Elephant Man wrote:
@VVS - so if I've bought 700,000 units at 7/- totalling Kshs. 4.9m, am I to be considered a 'professional investor'? Kuna ambiguity kiasi...

A Non-Professional Investor is a person including a company, partnership, association or a trustee on behalf
of a trust who, either alone, or with any associates on a joint account, does not meet the Professional Investor
threshold of holding units worth at least KSH 5 million as defined in the Capital Markets (Real Estate Investment
Trust) (Collective Investment Schemes) Regulations, 2013 <b>as at the Record Date.</b>
Elephant Man
#89 Posted : Friday, September 01, 2023 4:10:33 PM
Rank: Member


Joined: 12/24/2008
Posts: 112
English came on a ship...
ngapat
#90 Posted : Saturday, September 02, 2023 12:32:58 AM
Rank: Member


Joined: 12/11/2006
Posts: 884
What happens if i refuse to sell my units and the counter is delisted from the stock market
“Invest in yourself. Your career is the engine of your wealth.”
wukan
#91 Posted : Saturday, September 02, 2023 6:30:51 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,589
ngapat wrote:
What happens if i refuse to sell my units and the counter is delisted from the stock market


You will be bundled up in nominee accounts under ILAM and still receive your distributions. I would think you will be able to sell your units under the nominee account. Let's wait for the details on offer from 6th September
VituVingiSana
#92 Posted : Wednesday, September 06, 2023 9:38:38 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,097
Location: Nairobi
wukan wrote:
ngapat wrote:
What happens if i refuse to sell my units and the counter is delisted from the stock market


You will be bundled up in nominee accounts under ILAM and still receive your distributions. I would think you will be able to sell your units under the nominee account. Let's wait for the details on offer from 6th September

Details? IM?
https://ilamfahariireit....lations/general-notices
Wamesahau?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
wukan
#93 Posted : Wednesday, September 06, 2023 2:36:03 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,589
VituVingiSana wrote:
wukan wrote:
ngapat wrote:
What happens if i refuse to sell my units and the counter is delisted from the stock market


You will be bundled up in nominee accounts under ILAM and still receive your distributions. I would think you will be able to sell your units under the nominee account. Let's wait for the details on offer from 6th September

Details? IM?
https://ilamfahariireit....lations/general-notices
Wamesahau?


It was just vibes and inshallah. No word from the sponsors, regulator etc. Fish market this onePray
wukan
#94 Posted : Thursday, September 07, 2023 6:05:11 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,589
Finally got the email in the spam folder. Logged in and can't download anything. Wueh!!
VituVingiSana
#95 Posted : Thursday, September 07, 2023 7:45:40 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,097
Location: Nairobi
wukan wrote:
Finally got the email in the spam folder. Logged in and can't download anything. Wueh!!

Logged on. Says I have zero shares. d'oh! d'oh! d'oh!
Jokers.
The OM cannot be downloaded
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
deadpoet
#96 Posted : Thursday, September 07, 2023 8:00:22 AM
Rank: Member


Joined: 9/27/2006
Posts: 503
VituVingiSana wrote:
wukan wrote:
Finally got the email in the spam folder. Logged in and can't download anything. Wueh!!

Logged on. Says I have zero shares. d'oh! d'oh! d'oh!
Jokers.
The OM cannot be downloaded


Same here! Just tried again and "IP address has been blocked, contact administrator"
wukan
#97 Posted : Thursday, September 07, 2023 9:05:29 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,589
VituVingiSana wrote:
wukan wrote:
Finally got the email in the spam folder. Logged in and can't download anything. Wueh!!

Logged on. Says I have zero shares. d'oh! d'oh! d'oh!
Jokers.
The OM cannot be downloaded


Login now they have now updated your units.

Still can't download OM, T&Cs, can't input Bank and Branch

Yawah these guys want us to make noise
VituVingiSana
#98 Posted : Thursday, September 07, 2023 9:59:57 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,097
Location: Nairobi
wukan wrote:
VituVingiSana wrote:
wukan wrote:
Finally got the email in the spam folder. Logged in and can't download anything. Wueh!!

Logged on. Says I have zero shares. d'oh! d'oh! d'oh!
Jokers.
The OM cannot be downloaded


Login now they have now updated your units.

Still can't download OM, T&Cs, can't input Bank and Branch

Yawah these guys want us to make noise
It's almost like they do not want you to submit shares!
Bank worked. Branch did not [not that branch is important these days so why ask]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
wukan
#99 Posted : Thursday, September 07, 2023 11:45:33 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,589
It's a done deal for me. Submitted without the branch. Now I go drying wait for the mikes to come through.



Superprime1
#100 Posted : Monday, September 18, 2023 10:04:46 AM
Rank: Member


Joined: 5/2/2018
Posts: 267
Fahari I-Reit Webinar currently ongoing. (I've joined in late though) https://us02web.zoom.us/j/89563339848
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