I feel cheated and betrayed. I was actually planning to hold my vipingo shares long term and to be used as my retirement security. I travelled to mombasa last year to see land that stima Sacco was selling in vipingo opposite the ridge at 1.8m per 1/4 acre and land sold by rea vipingo to the vipingo ridge is going for over 20m for the same size of plot. Not only is land scarce but the value has ripened and these buyers are exploiting innocent minority shareholders. Can't the share holders protest? Isn't CMA supposed to protect the rights of shareholders? Will theft just allow the big fish to swallow us alive? Do we not have the right to retain our minority holding regardless who owns the majority shares.can they force us to sell? Shouldn't their offer be in parallel to the net asset value of the share which should be over Kshs 3000 per share? Based on just land value leave alone performance of the company. Pls advise. Even reading Alykhan Satchu's article this is a rip off they are buying our land at 43 thousand Kshs an acre. This is day light robbery can't we appeal for justice????

The Robinows will not sell their shares to Centum. Centum is just attempting to keep REA at NSE.

Game still not over yet , another suitor proposes a price of sh. 55 per share..

AIB values the the share at Sh168.72

"AIB Capital in a research note released yesterday said the total estimated value of land before adjusting for illiquidity discount, stands at Sh15.46 billion, pointing to the allure that the three bidders could be responding to.

We assumed a 30 per cent illiquidity discount on the sale of land, accounting for Sh4.64 billion, therefore reducing value to Sh10.82 billion before accounting for liabilities,” said the report authored by research analyst Parshva Shah. From REA Vipingo half-year 2013 results, the firm’s total liabilities stood at Sh701.81 million. This puts the value of the company at Sh168.72 per share or Sh10.12 billion without accounting for other assets"

link

1. My portfolio is public knowledge....I even give quaterly performance updates.

2. Where was everyone? Why do we have all of sudden this huge interest in Vipingo's land? I cant recall any research firm offering coverage on RVP!

3. For me I rather have Ksh40 now than wait 2 years and not receive Ksh50...the opportunity cost is too high. Coz Trust me any bid apart from those two brothers will not succed.

4. Whats the point of having a relisted RVP with a divided board? Because Centum & the two brothers are clearly not on the same page in terms of strategy!

Ah I will stop commenting on this forum...LOL...not good for someone trying to build a brand...all this arguments ultimately hurt ones brand...since you cant control who responds to your post here....its also not good for clients...I have clients who hold huge positions in RVP based on my recommendations...you can follow me on twitter @mikada08 I will follow back. For those interested in my portfolio and quarterly updates go to my blog....from now its twitter and blog.