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Sasini prepares ground for switch to real estate.
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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http://www.businessdaily...4/-/xqrfh5/-/index.html
Sasini plans to give up coffee farming on its 1000 acres land in ruiru and venture into real estate.The article also states the current value of the land is "20 Billion Shillings" where sasini has a market capitalisation of 2.5 Billion Shillings. Is it worth buying the share guys?
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Rank: User Joined: 8/6/2010 Posts: 594
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FUNKY wrote:http://www.businessdailyafrica.com/Sasini+prepares+ground+for+switch+to+real+estate/-/539552/1235734/-/xqrfh5/-/index.html
Sasini plans to give up coffee farming on its 1000 acres land in ruiru and venture into real estate.The article also states the current value of the land is "20 Billion Shillings" where sasini has a market capitalisation of 2.5 Billion Shillings.
Is it worth buying the share guys? When it comes to Merali companies, be very careful when investing there. Merali cannot be trusted in business dealings. Don't be surprised if sooner or later, you hear that Sasini took a loan of 15billion using the land as security. The money was pocketed by one muhindi and he is now hidding in london. Big question, if Sasini has converted the land from farming to real estate status, did management consult shareholders before embarking on the same? If not, be very very afraid.  "One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed." Rev Canon Karanja.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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With majority of the population struggling to survive,we are not very far from the property crash. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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First let me declare my interest i bought into sasini as a speculative buy because of the high coffee prices and the favourable exchange rate, i must confess in this bear market it has provided solace for my portfolio. That said I think the price quoted is exaggerated and of course the MD says they will need shareholder approval to change business line. I'm expecting a dividend yield of 10% so can't say it's a bad buy. Please buy if you understand how to value biological assets
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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mlennyma wrote:With majority of the population struggling to survive,we are not very far from the property crash. May this crash come soon, oh lord. Its high time. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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aly khan Sanchu isnt a fool when he's hyping sasini and kakuzi. now i believe him ..lol
Sasini is sitting on 20 billion worth of land wft !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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How sad it is when all of a sudden, all the big land owners are switching from forex earners, even when our currency is struggling with the current account deficit ballooning,to real estate! What will the future generations feed on? What about our future bop status? We should realise what anf where our strengths/competitive advantages are! Good for Sasini in the short run! @SufficientlyP
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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No wonder this thing has refused to tank below 10/- @youcant - now I understand the erratic choppiness of this thing. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Guys be cautious when buying these shares. I just had a word with my broker and he advised me not to buy these shares. He said this is a merali company,there is a possiblity he may sell the land cheaply to himself and start the project himself leaving Sasini shareholders with peanuts. Merali can do anything to make himself "RICH" and leave nothing for the other shareholders.
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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Merali is placed in all those companies by the elites to rob the shareholders of value! He's been there since the Moi error! So buyer be warned. Whereas there could be money to be made here, many naive "investors" will be left holding the tail! @SufficientlyP
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Funky-had a similar feeling, you may discover the decision is to create two companies. One that continues with the tea and another to hold the land. Been trying to figure out why not even civil society or Wangari Maathai has spoken out against this trend of building on Kenya's most arable land. Sehemu ndio nyumba
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Btw as @funky & @mainat state, this reminds me of EGADS last year when a real estate rumour sent its price on a sharp parabolic only to leave Wanjikus high and dry that got suckered in by the rally... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Sufficiently Philanga....thropic wrote:
What will the future generations feed on?!
Definitely not tea and coffee.. IMHO i believe this is the perfect way for agriculturals to unlock shareholder wealth... Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 5/27/2010 Posts: 324 Location: nrb
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merali sharing something wonderfully good in his stable with shareholders???
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Rank: Member Joined: 10/8/2010 Posts: 446 Location: london
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Impunity wrote:mlennyma wrote:With majority of the population struggling to survive,we are not very far from the property crash. May this crash come soon, oh lord. Its high time. i dont think it will ever happen, there are no banks loan involved, most people use cash, if you got money jump into the wagon now though i think most areas has peaked
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Rank: Member Joined: 5/31/2011 Posts: 250
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FUNKY wrote:Guys be cautious when buying these shares. I just had a word with my broker and he advised me not to buy these shares. He said this is a merali company,there is a possiblity he may sell the land cheaply to himself and start the project himself leaving Sasini shareholders with peanuts. Merali can do anything to make himself "RICH" and leave nothing for the other shareholders. @Funky. I concur. Look at Sameer Business Park. It was developed using shareholder's bucks bt somewhere along the line the ownership changed. It's owned 75% by Merali & the rest by shareholders. You lose money chasing women, but you never lose women chasing money - NAS
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Rank: Member Joined: 7/12/2011 Posts: 194
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Share did respond though. At one poin it was up the maximum limit though closed up 4.57%
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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Okay, no supply on this stock. Question is how far can it go before the rain starts pounding! @SufficientlyP
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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Okay, no supply on this stock. Question is how far can it go before the rain starts pounding! @SufficientlyP
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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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not everyone is buying land in kenya in cash. the majority are using land loans from banks worse still everyone is using bank loans to built rental flats whose demand is going down. if you can benefit from the madness in real estate please do early enough.
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