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Cytonn looks to list on GEMS
Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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A fool and his or her money shall soon be parted https://www.businessdail...534386-ysf9hs/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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[quote=obiero]A fool and his or her money shall soon be parted https://www.businessdail...34386-ysf9hs/index.html[/quote] Cytonn will probably hire a few shills to praise Cytonn, its projects, etc... I am going to stick with my “conservative” picks so I can continue snoring happily at night!  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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VituVingiSana wrote:[quote=obiero]A fool and his or her money shall soon be parted https://www.businessdail...34386-ysf9hs/index.html[/quote] Cytonn will probably hire a few shills to praise Cytonn, its projects, etc... I am going to stick with my “conservative” picks so I can continue snoring happily at night! You rarely sleep going by the timestamps on your posts 😁
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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[quote=obiero]A fool and his or her money shall soon be parted https://www.businessdail...34386-ysf9hs/index.html[/quote] This is just a crazy allegation!!! 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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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Which allegation?
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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What you are implying is that if one puts their cash in a firm in the GEMS segment,they will soon loose it?
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Chaka wrote:What you are implying is that if one puts their cash in a firm in the GEMS segment,they will soon loose it? It's likely going by the trend.. Most firms seem to be targeting easy cash.. What else would explain solid firms delisting from the main index and little known entities listing at entry price of KES 1,500 https://www.businessdail...-xhtml-hhb8of/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Chaka wrote:What you are implying is that if one puts their cash in a firm in the GEMS segment,they will soon loose it? Very risky segment You're better off investing in cryptocurrency.At least those goes up and down.The only direction for GEMS is down.
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Forgive my ignorance..if a firm joins the NSE via GEMS ,is there a leeway to "upgrade" to a "better" segment later or they will be stuck with GEMS?(choices have consequences)... whiteowl wrote:
Very risky segment You're better off investing in cryptocurrency.At least those goes up and down.The only direction for GEMS is down.
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Chaka wrote:Forgive my ignorance..if a firm joins the NSE via GEMS ,is there a leeway to "upgrade" to a "better" segment later or they will be stuck with GEMS?(choices have consequences)... whiteowl wrote:
Very risky segment You're better off investing in cryptocurrency.At least those goes up and down.The only direction for GEMS is down.
Yap better segment of Directors' bank account!!! 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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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Angelica _ann wrote:Chaka wrote:Forgive my ignorance..if a firm joins the NSE via GEMS ,is there a leeway to "upgrade" to a "better" segment later or they will be stuck with GEMS?(choices have consequences)... whiteowl wrote:
Very risky segment You're better off investing in cryptocurrency.At least those goes up and down.The only direction for GEMS is down.
Yap better segment of Directors' bank account!!! @fyatu will give you a first hand experience of GEMS nastiness
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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obiero wrote:Angelica _ann wrote:Chaka wrote:Forgive my ignorance..if a firm joins the NSE via GEMS ,is there a leeway to "upgrade" to a "better" segment later or they will be stuck with GEMS?(choices have consequences)... whiteowl wrote:
Very risky segment You're better off investing in cryptocurrency.At least those goes up and down.The only direction for GEMS is down.
Yap better segment of Directors' bank account!!! @fyatu will give you a first hand experience of GEMS nastiness Wale misungu   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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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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obiero wrote:VituVingiSana wrote:[quote=obiero]A fool and his or her money shall soon be parted https://www.businessdail...34386-ysf9hs/index.html[/quote] Cytonn will probably hire a few shills to praise Cytonn, its projects, etc... I am going to stick with my “conservative” picks so I can continue snoring happily at night! You rarely sleep going by the timestamps on your posts 😁 In this case, yes! Good observation. Disrupted sleep patterns. Age. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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obiero wrote:Chaka wrote:What you are implying is that if one puts their cash in a firm in the GEMS segment,they will soon loose it? It's likely going by the trend.. Most firms seem to be targeting easy cash.. What else would explain solid firms delisting from the main index and little known entities listing at entry price of KES 1,500 https://www.businessdail...xhtml-hhb8of/index.html Gotta say, I agree with @Obiero. Has any GEMS firm done well for the investors? Even the profitable FTGH, with a real business, has seen its shares reduce by 50% from the original listing price. ADSS - Dead Kurwitu - #FakeFirm NBV - Gikomba hawkers sell more shoes! HAFR - The less said the better! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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VituVingiSana wrote:obiero wrote:Chaka wrote:obiero wrote:Angelica _ann wrote:This is just a crazy allegation!!! Which allegation? What you are implying is that if one puts their cash in a firm in the GEMS segment,they will soon loose it? It's likely going by the trend.. Most firms seem to be targeting easy cash.. What else would explain solid firms delisting from the main index and little known entities listing at entry price of KES 1,500 https://www.businessdail...xhtml-hhb8of/index.html
Gotta say, I agree with @Obiero. Has any GEMS firm done well for the investors? Even the profitable FTGH, with a real business, has seen its shares reduce by 50% from the original listing price. ADSS - Dead Kurwitu - #FakeFirm NBV - Gikomba hawkers sell more shoes! HAFR - The less said the better! @vvs this upcoming one will be worse than all the ones you have highlighted above, hapa watu wataoshwa wakiwa wamevaa nguo, uliza Britam!
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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After a long time of studying their mode of operation and how they are able to offer the 18% annualized returns i have invested in Cytonn. History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:Chaka wrote:obiero wrote:Angelica _ann wrote:This is just a crazy allegation!!! Which allegation? What you are implying is that if one puts their cash in a firm in the GEMS segment,they will soon loose it? It's likely going by the trend.. Most firms seem to be targeting easy cash.. What else would explain solid firms delisting from the main index and little known entities listing at entry price of KES 1,500 https://www.businessdail...xhtml-hhb8of/index.html
Gotta say, I agree with @Obiero. Has any GEMS firm done well for the investors? Even the profitable FTGH, with a real business, has seen its shares reduce by 50% from the original listing price. ADSS - Dead Kurwitu - #FakeFirm NBV - Gikomba hawkers sell more shoes! HAFR - The less said the better! @vvs this upcoming one will be worse than all the ones you have highlighted above, hapa watu wataoshwa wakiwa wamevaa nguo, uliza Britam! 1 size does not fit all. Generalization is dangerous! It’s like saying since Chase, Imperial, NBK have issues all banks are bad....really?! In this case they are all in different industries too 😁😁 your insinuations that GEMS listed are bound to fail is just absurd. GEMS have just been unlucky but things are bound to change soon. Investing is not to be done emotionally, it’s to be done rationally. I for one am very happy with this company, bought my shares at 10/- when they had their private placement currently trading at 60/- I have sold and recuperated my initial investment which was minuscule of what has remained in the stock. VVS, has any of your investments gained this much? Glad to see u and Obiero, arch enemies work together on this one. 🤣🤣 I have been taken on time and again since this firm came into existence, people have called this a pyramid and yet, everyone I know did they proper research and have reaped good money. Obiero this is disappointing, I thought you were a contrarian investor and not a sheep investor. Fanya research and make money.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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BGL wrote:After a long time of studying their mode of operation and how they are able to offer the 18% annualized returns i have invested in Cytonn. U wished you listened to me originally sio?! Better late than never. Buy these shares before they list and you regret not buying them pre-listing. I regreted not buying equity before they listed and I had the opportunity to. I didn’t buy because of what people said. I remember there was a thread on stockskenya (former wazua) that a few guys really discouraged people from buying the stock. I regret not buying those share to this day.
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Horton wrote:BGL wrote:After a long time of studying their mode of operation and how they are able to offer the 18% annualized returns i have invested in Cytonn. U wished you listened to me originally sio?! Better late than never. Buy these shares before they list and you regret not buying them pre-listing. I regreted not buying equity before they listed and I had the opportunity to. I didn’t buy because of what people said. I remember there was a thread on stockskenya (former wazua) that a few guys really discouraged people from buying the stock. I regret not buying those share to this day. @Horton. Having made money and exited on time is good for you, but please do not compare Equity to Cytonn for Christ sake! The two are uniquely different and the corporate games Cytonn are engaged in are high risk ones.. If they are as prosperous as they claim, why do they need to list? Fact is that they have run short of cash to fund their lofty ambitions which is never good for any business
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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muganda wrote:A little clearer the saga (more insights) http://www.nation.co.ke/busines...6/-/8yrggxz/-/index.html...but with Mbaru and Wairegi on Acorn board, that money can't get lost. Acorn have a right to keep their company, just as BritamEA has a right to get their 3.2bnThings might change but as they stand the real foolhardy move was Acorn's decision to work with the bunch from Cyton after they scorned their employer - gosh! @muganda in 2014 rested the case
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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