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Atlas Development and Support Services listing in GEMS
Rank: Chief Joined: 1/3/2007 Posts: 18,439 Location: Nairobi
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Atlas Development goes down as a poster boy of rotten stock https://www.businessdail...4908-qmfa3rz/index.html
ADSS beat strong nominees, which included KQ, NBV, NBK and Deacons for this inaugural annual “celebration.” Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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NMG are skewed.. When they leave out HF, HAFR, MSC, KPLC etc You know that objectivity left the room COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 12/4/2009 Posts: 10,836 Location: NAIROBI
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obiero wrote:NMG are skewed.. When they leave out HF, HAFR, MSC, KPLC etc You know that objectivity left the room That is NMG for you,I stopped watching their business news.Not surprised when their revenue goes down,its their own doing Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,439 Location: Nairobi
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obiero wrote:NMG are skewed.. When they leave out HF, HAFR, MSC, KPLC etc You know that objectivity left the room It's "RUFUS MWANYASI" not NMG. The editors don't sit around doing the mathematics. I am surprised you didn't bring up KK  ARM is also missing in his "dead/dying" list. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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VituVingiSana wrote:obiero wrote:NMG are skewed.. When they leave out HF, HAFR, MSC, KPLC etc You know that objectivity left the room It's "RUFUS MWANYASI" not NMG. The editors don't sit around doing the mathematics. I am surprised you didn't bring up KK ARM is also missing in his "dead/dying" list. Biased eyes.. It's editorial policy. Bash any firm that doesn't advertise with NMG COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Chief Joined: 1/3/2007 Posts: 18,439 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:NMG are skewed.. When they leave out HF, HAFR, MSC, KPLC etc You know that objectivity left the room It's "RUFUS MWANYASI" not NMG. The editors don't sit around doing the mathematics. I am surprised you didn't bring up KK ARM is also missing in his "dead/dying" list. Biased eyes.. It's editorial policy. Bash any firm that doesn't advertise with NMG I am sure NMG will happily run ads for firms that pay their bills. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,477 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:NMG are skewed.. When they leave out HF, HAFR, MSC, KPLC etc You know that objectivity left the room It's "RUFUS MWANYASI" not NMG. The editors don't sit around doing the mathematics. I am surprised you didn't bring up KK ARM is also missing in his "dead/dying" list. Biased eyes.. It's editorial policy. Bash any firm that doesn't advertise with NMG I am sure NMG will happily run ads for firms that pay their bills. True. It's all business.. COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: New-farer Joined: 1/15/2019 Posts: 31
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I have never before invested in gaming industry, simply because I dont have enough knowledge to make proper evaluations of business. On the other side, I see that this business is increasing market share and becoming very popular all over the world. Is it good to invest in gambling or better to stay out of it?
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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Beler wrote:I have never before invested in gaming industry, simply because I dont have enough knowledge to make proper evaluations of business. On the other side, I see that this business is increasing market share and becoming very popular all over the world. Is it good to invest in gambling or better to stay out of it? I think it can be good.There is a lot of growth in gambling and the businesses around it (lead generation etc). Possibilities are endless. In the US a lot of states are opening up to sports betting. In Kenya, I'd happily buy Sportpesa shares if they ever listed.
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Rank: New-farer Joined: 4/28/2019 Posts: 88 Location: Talai
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DOES THIS COMPANY EXIST.. I have been seeing this 10000 shares in my account. Pesa Nane wrote:Quote:Atlas African Industries Limited / Ticker: AAI / Index: AIM and NSE / Sector: Support
Services
1 August 2016
Atlas African Industries Limited (‘Atlas’ or the ‘Company’)Interest in Nigerian Gaming Company and Board Update Atlas African Industries Ltd (AIM, NSE: AAI), is pleased to announce that it has acquired an interest in BonanzaWin, a Nigerian based gaming company offering a range of online and real-play gaming experiences including sports betting, casino slot games, and lotto. This investment is in line with the Company’s active development strategy to identify and support prospective growth opportunities across Africa, particularly within the growing consumer market. The investment has been effected through a share subscription and capital contribution into Equatorial Partners Limited (‘EPL’), a Maltese holding company which in turn holds a 60% stake in Saerimner Ltd (‘Saerimner’), a Nigerian registered company operating under the trading name “BonanzaWin”. Atlas’ total investment into EPL at this stage is US$300,000, in consideration for which it has acquired a 10% equity stake in EPL. BonanzaWin has established a portfolio of gaming businesses currently focussed on the Nigerian market; the company has a secure online gaming platform, which powers a wide range of games including sports betting, live casino and slot games, has three gaming shops where customers can play and place bets, and is a regulated provider of the Nigerian lottery, for which BonanzaWin sells tickets through a number of local sales agents. BonanzaWin is licenced and regulated by the Lagos State Lottery Board and Atlas believes the company represents a compelling investment opportunity to access Nigeria’s growing gaming and entertainment sectors. For the 12-month period ended 31 December 2015 EPL and Searimner reported a loss of US$300,815. With regards to the Company’s wider portfolio and its interests in Ethiopia, Atlas continues to investigate possible resolutions to what the Board believes to be an unlawful expropriation of funds based on an erroneous tax claim being pursued by the Ethiopian Revenue and Customs Authority, as disclosed in the announcement dated 11 May 2016. The Company will update the market on further developments relating to this as soon as it is in a position to do so. The Company also announces that Barry Lobel will be stepping down from his role as Chief Financial Officer (‘CFO’) and Executive Director, effective immediately, in order to focus on other business commitments. The Board is assessing options for a replacement CFO and expect to fill the position with a non-board appointment in due course. Carl Esprey, CEO of Atlas said, “BonanzaWin provides us with exposure to Nigeria’s large consumer market, specifically the fast-growing gaming and entertainment market. With a range of established games and betting experiences, the company has established a competitive and comprehensive service offering and we look forward to supporting BonanzaWin as it looks to grow user numbers and average spend across its platforms and ultimately build value. Our investment underpins our strategy to identify and gain exposure to prospective growth opportunities across Africa - where we have significant operational experience - and which meet our current focus on the growing African consumer market. With rising incomes and increasing consumer demand, the African continent continues to develop and unlock new market opportunities and we look forward to keeping shareholders updated with developments across our portfolio. “Finally, I would like to take this opportunity to thank Barry for his contribution to the Company over the last two years and wish him the best in his future endeavours.” About BonanzaWinBonanzaWin is a well-respected and trusted gaming operator, committed to delivering its members the best sports betting platform available as well as offering the latest casino and slot games, lotto and live casino experience. The company offers competitive odds, desktop and mobile betting, generous welcome offers, as well as fun and exciting promotions on a regular basis. BonanzaWin is regulated by the Lagos State Lottery Board and adheres to strict rules and regulations. The company is continuously striving to bring its members the best possible online gaming experience and is committed to its Fun & Fair Play promise. For further information please see https://www.bonanzawin.com/
This announcement contains inside information. **ENDS**
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