Wazua
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Stanlib Fahari FY18
Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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Superprime1 wrote:xxxxx wrote:Ebenyo wrote:Balaa wrote:@sparkly, did you get paid yet? I aint received nothing at my SCB unlike last year when they transferred promptly on 30th April. True.last year they were faster.Maybe Labour day has caused the delay. I suspect its because they changed registrars. Last year it was CDSC and this year it seems to be C&R It's still CDSC, and it's a shame because we'd expect it to be better than all other registrars. It's claiming that there was a delay on Co-op Bank's side in dispatching EFTs and M-Pesa but apparently cheques have been dispatched. EFTs will hit the accounts today for Co-op while the rest of us will get tomorrow and Monday "depending on the bank".   better late than never! Towards the goal of financial freedom
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Pesa Nane wrote:The distribution amounts to 75 cents per unit (2017: 75 cents per unit) and is payable by no later than 30 April 2019. Ka-ching!  Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 5/2/2018 Posts: 267
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Pesa Nane wrote:Pesa Nane wrote:The distribution amounts to 75 cents per unit (2017: 75 cents per unit) and is payable by no later than 30 April 2019. Ka-ching! Ndani. A week down the line. Unsure what part of "no later than 30 April 2019" the team involved never understood, as this is totally different from "on or about".
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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finally. Time to load up the truck! If it don't make dollars, it don't make sense
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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ICEA Lion Is Frontrunner to Buy Liberty’s Asset Manager in KenyaICEA Lion Group is the front-runner to acquire Liberty Holdings Ltd.’s asset management business in Kenya, according to people with knowledge of the matter. The Kenyan financial-services firm is close to a deal for Stanlib Kenya Ltd., which could could see it replace Sanlam Investments East Africa Ltd. as the region’s top money manager, the people said, asking not to be identified because the matter is private. Liberty is in talks to sell majority stakes in its health-insurance business and its asset-management operations in East and West Africa as the Johannesburg-based firm focuses on its home market. The firm’s property and casualty insurance units in Malawi and Namibia are also up for grabs as the company pushes ahead with plans to improve profitability and win back market share. Stanlib Kenya has about 130 billion shillings under management ($1.2 billion), according to the company. An acquisition would propel ICEA, whose asset management unit oversees 125 billion shillings of assets, to the country’s top money manager. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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Ericsson wrote:ICEA Lion Is Frontrunner to Buy Liberty’s Asset Manager in Kenya
ICEA Lion Group is the front-runner to acquire Liberty Holdings Ltd.’s asset management business in Kenya, according to people with knowledge of the matter.
The Kenyan financial-services firm is close to a deal for Stanlib Kenya Ltd., which could could see it replace Sanlam Investments East Africa Ltd. as the region’s top money manager, the people said, asking not to be identified because the matter is private.
Liberty is in talks to sell majority stakes in its health-insurance business and its asset-management operations in East and West Africa as the Johannesburg-based firm focuses on its home market. The firm’s property and casualty insurance units in Malawi and Namibia are also up for grabs as the company pushes ahead with plans to improve profitability and win back market share.
Stanlib Kenya has about 130 billion shillings under management ($1.2 billion), according to the company. An acquisition would propel ICEA, whose asset management unit oversees 125 billion shillings of assets, to the country’s top money manager. If it happens then Fahari REIT would become a Ndegwa Fahari REIT? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/6/2008 Posts: 199
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Confirmed 
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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What does this portend? If it don't make dollars, it don't make sense
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:Ericsson wrote:ICEA Lion Is Frontrunner to Buy Liberty’s Asset Manager in Kenya
ICEA Lion Group is the front-runner to acquire Liberty Holdings Ltd.’s asset management business in Kenya, according to people with knowledge of the matter.
The Kenyan financial-services firm is close to a deal for Stanlib Kenya Ltd., which could could see it replace Sanlam Investments East Africa Ltd. as the region’s top money manager, the people said, asking not to be identified because the matter is private.
Liberty is in talks to sell majority stakes in its health-insurance business and its asset-management operations in East and West Africa as the Johannesburg-based firm focuses on its home market. The firm’s property and casualty insurance units in Malawi and Namibia are also up for grabs as the company pushes ahead with plans to improve profitability and win back market share.
Stanlib Kenya has about 130 billion shillings under management ($1.2 billion), according to the company. An acquisition would propel ICEA, whose asset management unit oversees 125 billion shillings of assets, to the country’s top money manager. If it happens then Fahari REIT would become a Ndegwa Fahari REIT? "Ndegwa" means Bull. The markets have treated them well. A lesson that names influence how people turn out. Life is short. Live passionately.
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Rank: Veteran Joined: 11/13/2015 Posts: 1,568
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Balaa wrote:What does this portend? In terms of real estate the ICEA/Ndegwa is solid. They have prime real estate in the city together with accumulated market experience going back decades. That means a better experienced driver to drive the bus forward.
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Rank: Veteran Joined: 8/10/2014 Posts: 954 Location: Kenya
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wukan wrote:Balaa wrote:What does this portend? In terms of real estate the ICEA/Ndegwa is solid. They have prime real estate in the city together with accumulated market experience going back decades. That means a better experienced driver to drive the bus forward. I hope they bring in more properties to that REIT
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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watesh wrote:wukan wrote:Balaa wrote:What does this portend? In terms of real estate the ICEA/Ndegwa is solid. They have prime real estate in the city together with accumulated market experience going back decades. That means a better experienced driver to drive the bus forward. I hope they bring in more properties to that REIT ICEA may delist the REIT Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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Only if they manage to buy off the other majority unit holders. Because the combined share of units held by Stanlib Kenya Ltd and Liberty Group equals a mere 14.42% (as at 30.06.19). If it don't make dollars, it don't make sense
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Balaa wrote:Only if they manage to buy off the other majority unit holders. Because the combined share of units held by Stanlib Kenya Ltd and Liberty Group equals a mere 14.42% (as at 30.06.19). Threshold was lowered to 50% for compulsory acquisition. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/13/2015 Posts: 1,568
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Ericsson wrote:
ICEA may delist the REIT
How will delisting the REIT benefit ICEA? They actually need it as listed for purposes of rebalancing portfolio. Quote:Real estate fund Stanlib Fahari I-Reit plans to acquire more properties from pension firms and insurers who will be compensated in the form of shares, also known as units, in the Nairobi Securities Exchange-listed firm.
The proposed transactions are designed to eliminate the need for Fahari to raise large sums of new capital to buy more buildings.
The deals will dilute existing shareholders of the company but will also expand the pool of income-generating buildings owned by the fund, raising earnings for the expanded investor base.
For the insurers and pension firms, the transactions will help them comply with regulations limiting the amounts of capital they can invest in properties relative to their total assets.
“In the year ahead, we aim to deliver on our growth strategy, which entails partnering with pension schemes as well as insurance companies that are currently overweight with investment property and desire to rebalance their portfolios in line with the relevant pension and insurance regulations in Kenya,” Fahari says in its latest annual report. “The targeted transactions will be implemented through asset-for-unit swaps.” https://www.businessdail...1618-241336z/index.html
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Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria
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wukan wrote:Ericsson wrote:
ICEA may delist the REIT
How will delisting the REIT benefit ICEA? They actually need it as listed for purposes of rebalancing portfolio. Quote:Real estate fund Stanlib Fahari I-Reit plans to acquire more properties from pension firms and insurers who will be compensated in the form of shares, also known as units, in the Nairobi Securities Exchange-listed firm.
The proposed transactions are designed to eliminate the need for Fahari to raise large sums of new capital to buy more buildings.
The deals will dilute existing shareholders of the company but will also expand the pool of income-generating buildings owned by the fund, raising earnings for the expanded investor base.
For the insurers and pension firms, the transactions will help them comply with regulations limiting the amounts of capital they can invest in properties relative to their total assets.
“In the year ahead, we aim to deliver on our growth strategy, which entails partnering with pension schemes as well as insurance companies that are currently overweight with investment property and desire to rebalance their portfolios in line with the relevant pension and insurance regulations in Kenya,” Fahari says in its latest annual report. “The targeted transactions will be implemented through asset-for-unit swaps.” https://www.businessdail...1618-241336z/index.html
It can go either way. Which ever way it is a win to minority shareholders. EITHER It is delisted by the Ndegwas buying from minority shareholders at a premium like say 15 bob per share, thereby keeping it as a closed family business OR They expand the property portfolio by partnering or raising more capital which may cause temporary dilusion but on the long term it will drive growth to the extent that the REIT will be worth 25 to 30 bob per share in 3 to 5 years time. Events will unfold by q1 2020. It seems the current management will still be in charge up to FY 2019. I predict marginal increase in dividend for FY 2019 to 80 cents from 75 cents the previous year based on their good HY 2019 results. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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wukan wrote:Ericsson wrote:
ICEA may delist the REIT
How will delisting the REIT benefit ICEA? They actually need it as listed for purposes of rebalancing portfolio. Quote:Real estate fund Stanlib Fahari I-Reit plans to acquire more properties from pension firms and insurers who will be compensated in the form of shares, also known as units, in the Nairobi Securities Exchange-listed firm.
The proposed transactions are designed to eliminate the need for Fahari to raise large sums of new capital to buy more buildings.
The deals will dilute existing shareholders of the company but will also expand the pool of income-generating buildings owned by the fund, raising earnings for the expanded investor base.
For the insurers and pension firms, the transactions will help them comply with regulations limiting the amounts of capital they can invest in properties relative to their total assets.
“In the year ahead, we aim to deliver on our growth strategy, which entails partnering with pension schemes as well as insurance companies that are currently overweight with investment property and desire to rebalance their portfolios in line with the relevant pension and insurance regulations in Kenya,” Fahari says in its latest annual report. “The targeted transactions will be implemented through asset-for-unit swaps.” https://www.businessdail...1618-241336z/index.html
That has been overtaken by the recent events.We don't know the direction ICEA will take. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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young wrote:wukan wrote:Ericsson wrote:
ICEA may delist the REIT
How will delisting the REIT benefit ICEA? They actually need it as listed for purposes of rebalancing portfolio. Quote:Real estate fund Stanlib Fahari I-Reit plans to acquire more properties from pension firms and insurers who will be compensated in the form of shares, also known as units, in the Nairobi Securities Exchange-listed firm.
The proposed transactions are designed to eliminate the need for Fahari to raise large sums of new capital to buy more buildings.
The deals will dilute existing shareholders of the company but will also expand the pool of income-generating buildings owned by the fund, raising earnings for the expanded investor base.
For the insurers and pension firms, the transactions will help them comply with regulations limiting the amounts of capital they can invest in properties relative to their total assets.
“In the year ahead, we aim to deliver on our growth strategy, which entails partnering with pension schemes as well as insurance companies that are currently overweight with investment property and desire to rebalance their portfolios in line with the relevant pension and insurance regulations in Kenya,” Fahari says in its latest annual report. “The targeted transactions will be implemented through asset-for-unit swaps.” https://www.businessdail...1618-241336z/index.html
It can go either way. Which ever way it is a win to minority shareholders. EITHER It is delisted by the Ndegwas buying from minority shareholders at a premium like say 15 bob per share, thereby keeping it as a closed family business OR They expand the property portfolio by partnering or raising more capital which may cause temporary dilusion but on the long term it will drive growth to the extent that the REIT will be worth 25 to 30 bob per share in 3 to 5 years time. Events will unfold by q1 2020. It seems the current management will still be in charge up to FY 2019. I predict marginal increase in dividend for FY 2019 to 80 cents from 75 cents the previous year based on their good HY 2019 results. ICEA may even sell off the properties under Fahari REIT distribute the proceeds to the other shareholders and remain with the balance. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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The main gem that ICEA sees in Stanlib Kenya is the fund management business and asset management. Stanlib is number 3 after Sanlam Investments and Genessis Africa Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/13/2015 Posts: 1,568
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Ericsson wrote:
ICEA may even sell off the properties under Fahari REIT distribute the proceeds to the other shareholders and remain with the balance.
REIT is a trust and so very different from companies. The Trustee is the one who takes care of the common interest of unit holders. The trustee has powers to remove the REIT manager if it is desirable in the interest of the unit holders. There is a lot more protection for unit holders in the trust deed unlike a company.
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