Wazua
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Nairobi Business Ventures Ltd Listing
Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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mwanafunzi wrote:Msa Liti wrote:Pesa Nane wrote:Ebenyo wrote:where is their latest financial statement?
summary
My deductions from this:
Guys are making a kill in SME. These guys do not have more than 10 shops in NBO but made sales ~ 100m. Employment is shit.
It is expensive to do biz in Kenya. I guess the main item is rent with the notorious goodwill charged probably at play. Financing costs come later years and are high as well
Why have a private placement just before listing. That Audit firm (Swaly and Co), anyone heard of it. truly GEMs' not for the faint hearted.
Cost. It's cheaper to have a PP [large buyers] then go public [list] than have a IPO and having to print 1,000s of copies of the IM. Plus the fees to the advisers/brokers.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 8/16/2011 Posts: 2,389
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Listed today in a quiet affair. http://live.mystocks.co.ke/stock=nbv
Traded 1,000 shares at KES 8, which is a 60% hike from listing price of KES 5.00.
GEMS market living up to its crappy reputation.
I don't care what tactics PPT use to try and hype the market. As long as capital is flying into USD, they have an uphill task trying fight the bears! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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hisah wrote:Listed today in a quiet affair. http://live.mystocks.co.ke/stock=nbv
Traded 1,000 shares at KES 8, which is a 60% hike from listing price of KES 5.00.
GEMS market living up to its crappy reputation.
I don't care what tactics PPT use to try and hype the market. As long as capital is flying into USD, they have an uphill task trying fight the bears!
Crappy firm, nothing to do with the USD
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 2,021 Location: Kitale
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VituVingiSana wrote:hisah wrote:Listed today in a quiet affair. http://live.mystocks.co.ke/stock=nbv
Traded 1,000 shares at KES 8, which is a 60% hike from listing price of KES 5.00.
GEMS market living up to its crappy reputation.
I don't care what tactics PPT use to try and hype the market. As long as capital is flying into USD, they have an uphill task trying fight the bears!
Crappy firm, nothing to do with the USD
Lets wait for their financial results in one year time and see the reality.Someone remind me pliz when that time comes! but i guess the way things are going in nse,very soon even mama mboga will list her business here.If a shoe shiner has done it,even that man selling clothes at gikomba will list in nse and we will trade their shares.Today 1000 shares of a shoe business has been traded.Mama mboga will trade more than 5000 shares a day.
Towards the goal of financial freedom
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Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi
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85m in revenue and trade price of KES 8 while KQ has annual revenue of over 110b and we say it's worth KES 4.20 per share COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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obiero wrote:85m in revenue and trade price of KES 8 while KQ has annual revenue of over 110b and we say it's worth KES 4.20 per share
Well I'm not financial guru bit I think one is service based and the other is goods based. With goods it's there you can see it and rectify a problem .it's physical stock but hiyo ingine is hard to comprehend. Stand corrected though
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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obiero wrote:85m in revenue and trade price of KES 8 while KQ has annual revenue of over 110b and we say it's worth KES 4.20 per share
Your analogy is misleading. There are other metrics to be considered like NAV and EPS when pricing a share. Going by your analogy very few shares would be priced higher than KQ . And I'm not saying this share is trading at fair value, I actually don't know how much it's worth. At least for KQ i know it's worth sub zero.
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Rank: Elder Joined: 6/23/2009 Posts: 14,320 Location: nairobi
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whiteowl wrote:obiero wrote:85m in revenue and trade price of KES 8 while KQ has annual revenue of over 110b and we say it's worth KES 4.20 per share
Your analogy is misleading. There are other metrics to be considered like NAV and EPS when pricing a share. Going by your analogy very few shares would be priced higher than KQ . And I'm not saying this share is trading at fair value, I actually don't know how much it's worth. At least for KQ i know it's worth sub zero.
ofcourse I had to be economical with fact. but it's true that only Safaricom as the other listed firm at NSE that has higher annual turnover than KQ .. EABL a distant third circa 75B. anyhow, how exactly did you arrive at sub zero valuation.. this is interesting COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,375 Location: Nairobi
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obiero wrote:85m in revenue and trade price of KES 8 while KQ has annual revenue of over 110b and we say it's worth KES 4.20 per share
Dear Wazuans, don't be fooled by some folks who are out to con you using certain metrics. And if you challenge such folks, be prepared to be insulted. Sincerely, VVS
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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