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Kurwitu HY16
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Pesa Nane
#1 Posted : Tuesday, September 20, 2016 8:41:39 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Take 1
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#2 Posted : Tuesday, September 20, 2016 8:43:46 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Take 2:
Financial Wizardry
Pesa Nane plans to be shilingi when he grows up.
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murchr
#3 Posted : Tuesday, September 20, 2016 8:52:37 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
Why are we forebearing and understanding them? And what do these people do again?
"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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obiero
#4 Posted : Tuesday, September 20, 2016 9:32:17 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
murchr wrote:
Why are we forebearing and understanding them? And what do these people do again?

Staff costs are 12 times over the revenue.. Terrible fundamentals

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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murchr
#5 Posted : Tuesday, September 20, 2016 10:14:45 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
obiero wrote:
murchr wrote:
Why are we forebearing and understanding them? And what do these people do again?

Staff costs are 12 times over the revenue.. Terrible fundamentals


Ugly. d'oh!
"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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VituVingiSana
#6 Posted : Tuesday, September 20, 2016 10:24:14 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,057
Location: Nairobi
Kurwitu. A cousin of KQ.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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alotoftalk
#7 Posted : Wednesday, September 21, 2016 2:47:43 AM
Rank: Member


Joined: 8/27/2015
Posts: 138
Location: Harare
This company is a shell that either needs to state what their strategy is [future M&A through reverse mergers? what products they are developing?]or close shop.

Otherwise what's the purpose of listing if there are no products, services or plans for either??
Investment philosophy development in progress...
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Gatheuzi
#8 Posted : Wednesday, September 21, 2016 7:20:28 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
Since when did Foreign Exchange Gain get treated as revenued'oh! d'oh! or do we have a different accounting standard for sharia compliance?
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Angelica _ann
#9 Posted : Wednesday, September 21, 2016 8:36:22 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
Gatheuzi wrote:
Since when did Foreign Exchange Gain get treated as revenued'oh! d'oh! or do we have a different accounting standard for sharia compliance?

What if they trade in FX?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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hisah
#10 Posted : Wednesday, September 21, 2016 8:38:32 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Junk stock. NSE should dedicate another segment for such.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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stock.enigma
#11 Posted : Wednesday, September 21, 2016 11:38:07 AM
Rank: Member


Joined: 8/14/2009
Posts: 244
They pay Ksh 12m to staff who earn the company Ksh 0.5m in six months
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Angelica _ann
#12 Posted : Wednesday, September 21, 2016 11:52:03 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
It is good this share was too expensive for Wanjiku otherwise people would be crying kabisa. Let them burn themselves, nobody gets hurt. Just spoiling the reputation of NSE.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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shiznit
#13 Posted : Wednesday, September 21, 2016 12:20:55 PM
Rank: New-farer


Joined: 5/21/2013
Posts: 72
Location: KENYA
This thing is a living breathing scam, sent from the pits of the financial abyss.
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
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Sober
#14 Posted : Wednesday, September 21, 2016 12:31:55 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
Is this the share that was priced so highly the trading would feel like an over the counter transfer because one could know from whom they were getting the shares from.....
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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stock.enigma
#15 Posted : Wednesday, September 21, 2016 1:50:49 PM
Rank: Member


Joined: 8/14/2009
Posts: 244
They pay Ksh 12m to staff who earn the company Ksh 0.5m in six months
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Pesa Nane
#16 Posted : Wednesday, September 21, 2016 2:45:27 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Take 3: Amendments PAP! Laughing out loudly Laughing out loudly Laughing out loudly



Pesa Nane plans to be shilingi when he grows up.
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maka
#17 Posted : Wednesday, September 21, 2016 2:57:24 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Angelica _ann wrote:
It is good this share was too expensive for Wanjiku otherwise people would be crying kabisa. Let them burn themselves, nobody gets hurt. Just spoiling the reputation of NSE.


Why do the people in charge allow such crap companies to list?
possunt quia posse videntur
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Pesa Nane
#18 Posted : Wednesday, September 21, 2016 4:44:29 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Je suis embarrassé
Quote:
Kurwitu Ventures 1H16 Results
Kurwitu Ventures announced their 1h16 results, recording a Loss after Tax of KES 7.17 MN up from a Loss after Tax of KES 15.43 MN recorded in 1H15. Interim EPS stood at
KES -70.12. The company recorded an operating loss of KES 10.2 MN. Finance cost declined 42.1% y-o-y to KES 14,751. Total assets declined 2.8% y-o-y to KES 135.7 MN
courtesy of a 12.0% y-o-y decline in current assets to KES 27.3 MN. (Source: Business Daily, Dyer and Blair Research)
Pesa Nane plans to be shilingi when he grows up.
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obiero
#19 Posted : Wednesday, September 21, 2016 5:59:45 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
VituVingiSana wrote:
Kurwitu. A cousin of KQ.

Nobody has responded to ur childlike comment so I might as well give you the pleasure..

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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VituVingiSana
#20 Posted : Thursday, September 22, 2016 5:44:55 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,057
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Kurwitu. A cousin of KQ.

Nobody has responded to ur childlike comment so I might as well give you the pleasure..
Laughing out loudly Laughing out loudly Laughing out loudly Thank you!
My bad. I should not point out firms that make losses year in, year out.
My bad. Kurwitu doesn't have Negative Equity. Yet. My apologies to Kurwitu.
My bad. Kurwitu unlike KQ doesn't rely on Taxpayer's cash.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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