Ground research is key. Starting Friday last week 27th April - yesterday 1st May), i have done considerable ground research on FTGH. I was happy to see kids buying Happy's potato crisps for their back to school shopping albeit on a lower scale compared to Tropical heat brands. Haco still dominates hair with Miadi. Heck, even my housegirl from home(ushago...all due respect to my peoples wa ushago) prefers Miadi over Zoe. This is not to say that Zoe was not moving.

Next was Longhorn. I visited textbook center in the city and noticed some of their titles were quite popular. I also visited the National Library and noticed a number of shiny(new) longhorn titles. The risk with Longhorn though lies with the future of the book as we know it today(paper form). Do we anticipate a future with no paper books?

I don't know how i would be received if for example i went to Baba dogo and requested to meet with Heril Bagera(CEO FTGH) to ask questions about how my business is doing(just like they do in the States).Examples of questions i wish to ask are (1) why do most hardware stores in Githurai and Mlolongo stock Kentank tanks instead of Rino tanks? Are those localities not the market niche for water tanks?...and (2)how the play ground toys business is doing with the mushrooming of Kindergartens built on less than 1/2 acre plots everywhere in the city

Balance Sheet looks opaque to me!Given the business they're in...they could be playing with fire here....they should have spun off they're real estate portfolio and listed it as a REIT...but I guess they dont want too much scrutiny from the regulator. This thing looks like Lehman Brothers...Asset-Liquity Mismatch of mega proposition...They need money thus the listing or else how will they fund they're ambitious projects? Real estate sales cycle is long and tedious...even if you see those developer signs which says "80% sold"...its alot of sweat to close deals.....you need cheap long term funds to succed...not those lofty returns Cytonn is promising...look how HF is struggling despite being well funded? I prefer FAHARI I-REIT...Zero debt....lots of cash....theyre investing in completed buildings with tenants...

Balance Sheet looks opaque to me!Given the business they're in...they could be playing with fire here....they should have spun off they're real estate portfolio and listed it as a REIT...but I guess they dont want too much scrutiny from the regulator. This thing looks like Lehman Brothers...Asset-Liquity Mismatch of mega proposition...They need money thus the listing or else how will they fund they're ambitious projects? Real estate sales cycle is long and tedious...even if you see those developer signs which says "80% sold"...its alot of sweat to close deals.....you need cheap long term funds to succed...not those lofty returns Cytonn is promising...look how HF is struggling despite being well funded? I prefer FAHARI I-REIT...Zero debt....lots of cash....theyre investing in completed buildings with tenants...

I'm among those surprised that cytonn has survived this long. To me, this rush to list on the stock market is a red flag. What is the hurry, the firm is very new. I feel like they like being visible and letting everyone know that they are there, instead of working quietly and letting their results speak for you. I just dont buy it. For those who are in, i would sell on the listing rally and wait for the dust to settle. we've seen this with home Afrika just recently