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Cytonn Investments
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obiero
#921 Posted : Sunday, September 27, 2020 7:15:14 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
mv_ufanisi wrote:
sparkly wrote:
deadpoet wrote:
I'd like to comment as an actual CHYS investor, a minority in the wazua community. In spite of the derision I'm likely to receive from many, I'd like to say:

1. I have confidence in Dande & Co. The steps they have taken to preserve liquidity (like extend maturity), other funds around the world have done.
2. I knew going in that the main investments were real estate, which is not an asset that can be easily liquidated.

Most people commenting on this thread somehow believe that cytonn investors didn't do their due diligence when investing (looking at you @paulkimani, who has a clear axe to grind). 18% is obviously an above average return - only the stupid invest without reading agreements, even those with 24m


@deadpoet you are surely in the minority as a rational investor. Most investors in this country are driven by greed or hopium.
q

Cytonn was peddling hopium and greed.

It's shocking that they came this far.. Remember their start?

KQ ABP 4.26
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kaka2za
#922 Posted : Sunday, September 27, 2020 5:01:46 PM
Rank: Elder

Joined: 10/3/2008
Posts: 4,058
Location: Gwitu
Keen to see how this will end. There might be 'I told you so' or someone will eat a humble pie.
Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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obiero
#923 Posted : Sunday, September 27, 2020 6:38:53 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
kaka2za wrote:
Keen to see how this will end. There might be 'I told you so' or someone will eat a humble pie.

It has ended my brother. In premium tears for the invest ors. You haven't read up on their defaults?

KQ ABP 4.26
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Horton
#924 Posted : Sunday, September 27, 2020 9:14:35 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
obiero wrote:
kaka2za wrote:
Keen to see how this will end. There might be 'I told you so' or someone will eat a humble pie.

It has ended my brother. In premium tears for the invest ors. You haven't read up on their defaults?



Nothing of the sort:

1. All they did was take a moratorium during the covid period for their loans. Nothing unusual in corporate Kenya during the Covid period! Ama this is unusual?

2. CMA lost the case so to me it seems the letter was out of spite

3. Cytonn have a great asset base.

I’m confident Cytonn is here to stay. Get used to it πŸ˜€.

*mic drop*
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  | | Edit by user: Sunday, September 27, 2020 9:18 PM | Reason: Not specified
paulkimani
#925 Posted : Monday, September 28, 2020 3:32:52 PM
Rank: Member

Joined: 1/19/2016
Posts: 204
https://kenyanwallstreet...https://t.co/dSox2wn9tj

β€œ In matters before the court, the plaintiff says Cytonn changed the contract from a public to a private offer, to escape scrutiny from the Capital Markets Authority (CMA).”

β€œ The plaintiff says the product he was given was a private offer while he knew it to be a public offer.”
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mwekez@ji
#926 Posted : Monday, September 28, 2020 7:09:17 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Horton wrote:
obiero wrote:
kaka2za wrote:
Keen to see how this will end. There might be 'I told you so' or someone will eat a humble pie.

It has ended my brother. In premium tears for the invest ors. You haven't read up on their defaults?



Nothing of the sort:

1. All they did was take a moratorium during the covid period for their loans. Nothing unusual in corporate Kenya during the Covid period! Ama this is unusual?

2. CMA lost the case so to me it seems the letter was out of spite

3. Cytonn have a great asset base.

I’m confident Cytonn is here to stay. Get used to it πŸ˜€.

*mic drop*

Tell us more about No. 3

What are the Assets and Liabilities?

Where are their financial statements?
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murchr
#927 Posted : Monday, September 28, 2020 8:07:07 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
mwekez@ji wrote:
Horton wrote:
obiero wrote:
kaka2za wrote:
Keen to see how this will end. There might be 'I told you so' or someone will eat a humble pie.

It has ended my brother. In premium tears for the invest ors. You haven't read up on their defaults?



Nothing of the sort:

1. All they did was take a moratorium during the covid period for their loans. Nothing unusual in corporate Kenya during the Covid period! Ama this is unusual?

2. CMA lost the case so to me it seems the letter was out of spite

3. Cytonn have a great asset base.

I’m confident Cytonn is here to stay. Get used to it πŸ˜€.

*mic drop*

Tell us more about No. 3

What are the Assets and Liabilities?

Where are their financial statements?


Mzee wa kazi, Wazua has missed you.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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paulkimani
#928 Posted : Monday, September 28, 2020 10:58:24 PM
Rank: Member

Joined: 1/19/2016
Posts: 204
https://twitter.com/asap...310644484233932807?s=21

β€œ Why is @CytonnInvest assuming 2021 doesn't have it's challenges? Or that people don't want to access their investments for other obligations and options at their personal disposal?

Why decide what other people should do with their own investments?”
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VituVingiSana
#929 Posted : Tuesday, September 29, 2020 6:13:37 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Cytonn accused of flouting CMA regulations in cash call
https://www.businessdail...ns-in-cash-call-2374156

Questions:

What is the yield on the CHYS and CPNs?

Do those who invested in the CHYS continue getting paid the interest, in cash, during the extension period?

If no, do those who invested in the CHYF or CPNs continue accruing the interest during the extension period?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Tuesday, September 29, 2020 6:38 AM | Reason: Not specified
paulkimani
#930 Posted : Tuesday, September 29, 2020 9:36:56 AM
Rank: Member

Joined: 1/19/2016
Posts: 204
Cytonn put over 1.5 billion shillings of investor money into two of their own real estate projects which were terrible to begin with, but regardless of my bias, with covid - the fact is they have taken a bigger hit. They didn’t pool the money into a wider asset base so they could protect investors. Not knowing how long COVID will last, and that already the economy is struggling and there is less money being spent in the country- this will only get worse and so no one can afford real estate which is what Cytonn was hoping for when they put all the money into only two projects and both real estate. And that’s the nice view. The likely view is they stole the money, plain and simple. Investing in two of their own projects is NOT investing no matter how they tried to spin that. With that in mind, your question should have an answer.


VituVingiSana wrote:
Cytonn accused of flouting CMA regulations in cash call
https://www.businessdail...ns-in-cash-call-2374156

Questions:

What is the yield on the CHYS and CPNs?

Do those who invested in the CHYS continue getting paid the interest, in cash, during the extension period?

If no, do those who invested in the CHYF or CPNs continue accruing the interest during the extension period?
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  | | Edit by user: Tuesday, September 29, 2020 9:38 AM | Reason: Not specified
137 Pages«<9192939495>»
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