wazua Thu, Mar 19, 2026
Welcome Guest Search | Active Topics | Log In

173 Pages«<8990919293>»
Treasury Bills and Bonds
Options
Previous Topic · Next Topic
maka
#901 Posted : Tuesday, August 07, 2018 4:13:17 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Smh.... A South African-linked credit-only micro-finance firm Real People Kenya Ltd is unable to service the Sh1.26 billion bond issued in 2015 and is seeking to convert it into equity.

https://www.google.com/a...-asAMP-5yya5f/index.html
possunt quia posse videntur
Back to top
  |
SamuelWachira
#902 Posted : Tuesday, August 07, 2018 4:13:30 PM
Rank: New-farer

Joined: 5/31/2018
Posts: 9
Location: kenya
Lesson… The security of a bond lies in the issuer’s ability to meet interest payments and repay the principal upon maturity. And not the contractual promises laid out in the prospectus

Real People Ltd has been showing weakness consistently

https://www.businessdail...9322-8h2tkiz/index.html

https://www.businessdail...9530-5gjs53z/index.html

https://www.businessdail...60430-ykp5lf/index.html



Back to top
WWW BLOG
  |
Pesa Nane
#903 Posted : Tuesday, August 07, 2018 5:11:12 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
[quote=maka]Smh.... A South African-linked credit-only micro-finance firm Real People Kenya Ltd is unable to service the Sh1.26 billion bond issued in 2015 and is seeking to convert it into equity.

https://www.google.com/a...asAMP-5yya5f/index.html[/quote]

Investing KE 101: Never ever put money on 254 corporate bonds (heri angalao ununue nyama ule unone! - Pesa Nane)
Pesa Nane plans to be shilingi when he grows up.
Back to top
  |
whiteowl
#904 Posted : Tuesday, August 07, 2018 10:17:09 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
[quote=maka]Smh.... A South African-linked credit-only micro-finance firm Real People Kenya Ltd is unable to service the Sh1.26 billion bond issued in 2015 and is seeking to convert it into equity.

https://www.google.com/a...asAMP-5yya5f/index.html[/quote]

A bond issue that was a monkey IPO in disguise.Investors will be forced to take up worthless shares.
Back to top
  |
Chaka
#905 Posted : Tuesday, August 07, 2018 10:43:54 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
So, its like the owners lent themselves the bond cash?

[quote=maka]Smh.... A South African-linked credit-only micro-finance firm Real People Kenya Ltd is unable to service the Sh1.26 billion bond issued in 2015 and is seeking to convert it into equity.

https://www.google.com/a...asAMP-5yya5f/index.html[/quote]
Back to top
  |
Angelica _ann
#906 Posted : Tuesday, August 07, 2018 10:55:13 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Pesa Nane wrote:
[quote=maka]Smh.... A South African-linked credit-only micro-finance firm Real People Kenya Ltd is unable to service the Sh1.26 billion bond issued in 2015 and is seeking to convert it into equity.

https://www.google.com/a...asAMP-5yya5f/index.html[/quote]

Investing KE 101: Never ever put money on 254 corporate bonds (heri angalao ununue nyama ule unone! - Pesa Nane)


smile true, this is what killed CP in the 90s. Dishonesty & lack of guaranteed.
Plus poor regulatory environment. Burr!!!
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
  | | Edit by user: Tuesday, August 07, 2018 10:58 PM | Reason: Not specified
Ericsson
#907 Posted : Wednesday, August 08, 2018 2:32:24 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
Pesa Nane wrote:
[quote=maka]Smh.... A South African-linked credit-only micro-finance firm Real People Kenya Ltd is unable to service the Sh1.26 billion bond issued in 2015 and is seeking to convert it into equity.

https://www.google.com/a...asAMP-5yya5f/index.html[/quote]

Investing KE 101: Never ever put money on 254 corporate bonds (heri angalao ununue nyama ule unone! - Pesa Nane)


smile true, this is what killed CP in the 90s. Dishonesty & lack of guaranteed.
Plus poor regulatory environment. Burr!!!


The 254 economy is limping and the company's products aren't finding takers
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
maka
#908 Posted : Wednesday, August 08, 2018 10:52:07 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Pesa Nane wrote:
[quote=maka]Smh.... A South African-linked credit-only micro-finance firm Real People Kenya Ltd is unable to service the Sh1.26 billion bond issued in 2015 and is seeking to convert it into equity.

https://www.google.com/a...asAMP-5yya5f/index.html[/quote]

Investing KE 101: Never ever put money on 254 corporate bonds (heri angalao ununue nyama ule unone! - Pesa Nane)


But surely kazi ya CMA ni nini? They are busy chasing after bond dealers pesa kidogo kidogo instead of following up on big issues kama hii... They will tell us its a learning curve.
possunt quia posse videntur
Back to top
  |
Pesa Nane
#909 Posted : Thursday, August 09, 2018 10:46:01 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
maka wrote:
Pesa Nane wrote:
[quote=maka]Smh.... A South African-linked credit-only micro-finance firm Real People Kenya Ltd is unable to service the Sh1.26 billion bond issued in 2015 and is seeking to convert it into equity.

https://www.google.com/a...asAMP-5yya5f/index.html[/quote]

Investing KE 101: Never ever put money on 254 corporate bonds (heri angalao ununue nyama ule unone! - Pesa Nane)


But surely kazi ya CMA ni nini? They are busy chasing after bond dealers pesa kidogo kidogo instead of following up on big issues kama hii... They will tell us its a learning curve.


Pesa Nane plans to be shilingi when he grows up.
Back to top
  |
Chaka
#910 Posted : Thursday, August 09, 2018 1:26:41 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
So will bond holders be paid interest for that maturity extension or only the principal?
Pesa Nane wrote:
Back to top
  |
173 Pages«<8990919293>»
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.