wazua Mon, Mar 23, 2026
Welcome Guest Search | Active Topics | Log In

3 Pages<123>
Longhorn Publishers FY16
Options
Previous Topic · Next Topic
researchfirst
#11 Posted : Monday, October 10, 2016 9:00:30 AM
Rank: Member

Joined: 2/24/2015
Posts: 154
Location: Nairobi
Longhorn plans to sell its head office for an estimated Sh500 million to finance local and regional expansion. The firm spent Sh155.4 million on building the headquarters. The property is currently valued at Sh230.3 million in the publisher’s books, reflecting capital gains over the years.

http://www.businessdaily...em-0-13f4x7oz/index.html
Back to top
  |
Ericsson
#12 Posted : Monday, October 10, 2016 9:04:28 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
And they did a rights issue just recently and raised close to a bn shillings
Where did the money go ama this is another uchumi in the making
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
mlennyma
#13 Posted : Monday, October 10, 2016 9:09:40 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
And they did a rights issue just recently and raised close to a bn shillings
Where did the money go ama this is another uchumi in the making

they paid centum debts and centum further took shares without paying a penny
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  |
VituVingiSana
#14 Posted : Monday, October 10, 2016 9:35:26 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
mlennyma wrote:
Ericsson wrote:
And they did a rights issue just recently and raised close to a bn shillings
Where did the money go ama this is another uchumi in the making

they paid centum debts and centum further took shares without paying a penny

How did Centum get shares without paying a penny? [If shares were issued in exchange for debt owed to Centum then that's OK and not uncommon]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
target1360
#15 Posted : Monday, October 10, 2016 5:53:41 PM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
VituVingiSana wrote:
mlennyma wrote:
Ericsson wrote:
And they did a rights issue just recently and raised close to a bn shillings
Where did the money go ama this is another uchumi in the making

they paid centum debts and centum further took shares without paying a penny

How did Centum get shares without paying a penny? [If shares were issued in exchange for debt owed to Centum then that's OK and not uncommon]


sell offices then start paying rent in an up market location.??????
i dont trust some people.
I find satisfaction in owning great business,not trading them
Back to top
  |
instinct
#16 Posted : Monday, October 10, 2016 6:25:57 PM
Rank: Member

Joined: 8/17/2007
Posts: 294
how did they finish what they raised in the rights issue in just under a year? or they're expanding to the moon?
Back to top
  |
VituVingiSana
#17 Posted : Monday, October 10, 2016 8:57:18 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
instinct wrote:
how did they finish what they raised in the rights issue in just under a year? or they're expanding to the moon?

A smart board/management doesn't have a Rights Issue to "store" the money in a bank account. I do not know about Longhorn [I don't trust Nyammo] management/board.

Firms would have loans ready while they plan to raise funds which pay off the loans. "Using" the Rights Money should be easy enough since paying down loans is a no-brainer.

The Centum guys are smart. Do they call the shots at Longhorn?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
Pesa Nane
#18 Posted : Monday, October 31, 2016 10:42:02 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
target1360 wrote:

sell offices then start paying rent in an up market location.??????
i dont trust some people.


researchfirst wrote:
Longhorn plans to sell its head office for an estimated Sh500 million to finance local and regional expansion. The firm spent Sh155.4 million on building the headquarters. The property is currently valued at Sh230.3 million in the publisher’s books, reflecting capital gains over the years.

http://www.businessdaily...em-0-13f4x7oz/index.html


No land Sale. Shareholders Veto move at AGM "It was resolved by more than Three-Fourths majority NOT TO PASS the resolutions in relation to the sale of the Company's property known as LR 209/5604"
Pesa Nane plans to be shilingi when he grows up.
Back to top
  | | Edit by user: Monday, October 31, 2016 11:09 PM | Reason: Not specified
Angelica _ann
#19 Posted : Monday, October 31, 2016 11:13:48 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Pesa Nane wrote:
target1360 wrote:

sell offices then start paying rent in an up market location.??????
i dont trust some people.


researchfirst wrote:
Longhorn plans to sell its head office for an estimated Sh500 million to finance local and regional expansion. The firm spent Sh155.4 million on building the headquarters. The property is currently valued at Sh230.3 million in the publisher’s books, reflecting capital gains over the years.

http://www.businessdaily...em-0-13f4x7oz/index.html


No land Sale. Shareholders Veto move at AGM "It was resolved by more than Three-Fourths majority NOT TO PASS the resolutions in relation to the sale of the Company's property known as LR 209/5604"

By acclamation smile smile smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
  |
Gatheuzi
#20 Posted : Tuesday, November 01, 2016 6:47:48 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Angelica _ann wrote:
Pesa Nane wrote:
target1360 wrote:

sell offices then start paying rent in an up market location.??????
i dont trust some people.


researchfirst wrote:
Longhorn plans to sell its head office for an estimated Sh500 million to finance local and regional expansion. The firm spent Sh155.4 million on building the headquarters. The property is currently valued at Sh230.3 million in the publisher’s books, reflecting capital gains over the years.

http://www.businessdaily...em-0-13f4x7oz/index.html


No land Sale. Shareholders Veto move at AGM "It was resolved by more than Three-Fourths majority NOT TO PASS the resolutions in relation to the sale of the Company's property known as LR 209/5604"

By acclamation smile smile smile

Smart shareholders Applause
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
Back to top
  |
3 Pages<123>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.