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4 Pages«<234
Stanlib Fahari FY18
Ericsson
#61 Posted : Friday, March 06, 2020 11:19:45 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,576
Location: NAIROBI
sparkly wrote:
RIEK01 wrote:
https://www.the-star.co.ke/business/kenya/2020-03-03-stanlib--icea-real-estate-deal-approved/


South Africans really struggle making money in Kenya.


https://www.businessdail...0026-p9380iz/index.html

Clients of asset manager Stanlib Kenya have withdrawn Sh75 billion ahead of the buyout by rival ICEA Lion Asset Management.

The outflows, representing over half Stanlib assets under management (AUM), have been disclosed by the company’s parent company Liberty Holdings of South Africa.

The multinational says in a trading update that Stanlib’s “discontinued mandates” stood at R11.1 billion (Sh75 billion) as of December 31, 2019.
The outflows are estimated to have reduced Stanlib’s pool of funds to some Sh60 billion from the previous Sh135 billion.
Balaa
#62 Posted : Wednesday, April 01, 2020 10:37:29 AM
Rank: Member


Joined: 7/6/2018
Posts: 132
Location: Kinshasa
So what happened to this counter after the buy out? Their website doesn't exist anymore. They should've have announced results by now; or are they taking advantage of the extended deadline? What opacity!! What a bad showing by ICEA for a first impression?
Ericsson
#63 Posted : Wednesday, April 01, 2020 10:40:34 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,576
Location: NAIROBI
Balaa wrote:
So what happened to this counter after the buy out? Their website doesn't exist anymore. They should've have announced results bt now; or are they taking advantage of the extended deadline? What opacity!! Us ICEA to blame?


The company ceased to exist.
Any issue liaise with ICEA
wukan
#64 Posted : Wednesday, April 01, 2020 10:44:23 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,409
Balaa wrote:
So what happened to this counter after the buy out? Their website doesn't exist anymore. They should've have announced results bt now; or are they taking advantage of the extended deadline? What opacity!! Us ICEA to blame?


No update at all to unit-holders. NSE is a fish market nowadays.
rwitre
#65 Posted : Friday, April 10, 2020 10:17:17 AM
Rank: Member


Joined: 3/8/2018
Posts: 433
Location: Nairobi
wukan wrote:
Balaa wrote:
So what happened to this counter after the buy out? Their website doesn't exist anymore. They should've have announced results bt now; or are they taking advantage of the extended deadline? What opacity!! Us ICEA to blame?


No update at all to unit-holders. NSE is a fish market nowadays.



d'oh! d'oh!
Balaa
#66 Posted : Sunday, April 12, 2020 10:52:23 PM
Rank: Member


Joined: 7/6/2018
Posts: 132
Location: Kinshasa
Old Fahari website is back on, but is outdated.
deadpoet
#67 Posted : Wednesday, April 15, 2020 3:27:47 PM
Rank: Member


Joined: 9/27/2006
Posts: 446
rwitre wrote:
wukan wrote:
Balaa wrote:
So what happened to this counter after the buy out? Their website doesn't exist anymore. They should've have announced results bt now; or are they taking advantage of the extended deadline? What opacity!! Us ICEA to blame?


No update at all to unit-holders. NSE is a fish market nowadays.



d'oh! d'oh!


CMA asleep at the wheel as per usual.
RIEK01
#68 Posted : Thursday, April 16, 2020 8:04:39 AM
Rank: New-farer


Joined: 2/8/2018
Posts: 67
You can contact the chairman directly and find out what's happening.

surinder@skapila.com

Tel: +254 722 240 756
xxxxx
#69 Posted : Thursday, April 16, 2020 9:38:19 AM
Rank: Member


Joined: 3/20/2008
Posts: 501
RIEK01 wrote:
You can contact the chairman directly and find out what's happening.

surinder@skapila.com

Tel: +254 722 240 756


Y not just sell out n go acquire companies that won't give u a headache?
VituVingiSana
#70 Posted : Thursday, April 16, 2020 1:11:46 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,108
Location: Nairobi
xxxxx wrote:
RIEK01 wrote:
You can contact the chairman directly and find out what's happening.

surinder@skapila.com

Tel: +254 722 240 756


Y not just sell out n go acquire companies that won't give u a headache?
I have also come around to that conclusion. Getting conned on the NSE is a huge risk.

KQ, ARM, etc and many more.
Many of those who run the show or are majority owners don't play fair with minority shareholders.

Merali (Sasini, Sameer) - That JV for Sameer Business Park is suspect and benefits Merali far more than his % of Sameer.

Unga (Seaboard/Ndegwas) - Offered less than 60% of the NAV just as Unga was ready to start its new mills. Like coming to pick up a pregnant cow just when it is ready to deliver but offering what one would for an emaciated, old cow.

So for Fahari, could it be the same with the Ndegwas in the mix?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Balaa
#71 Posted : Thursday, April 16, 2020 1:46:25 PM
Rank: Member


Joined: 7/6/2018
Posts: 132
Location: Kinshasa
With the Ndegwas at the helm, coupled by one of their own conflicted in running the show at the capital markets' boards, anything's possible. No wonder their non-listed ICEA Capital Assets Management is able to release audited results (see today's dailies) to the public for self-interest reasons yet the publicly listed Fahari (which they acquired and manage) has not.
Angelica _ann
#72 Posted : Thursday, April 16, 2020 1:57:27 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,604
Balaa wrote:
With the Ndegwas at the helm, coupled by one of their own conflicted in running the show at the capital markets' boards, anything's possible. No wonder their non-listed ICEA Capital Assets Management is able to release results (see today's dailies) to the public for self-interest reasons yet the publicly listed Fahari (which they acquired) has not.


This is why i left for Traditional companies at NSE. This personal shows, hapana!!! At my age, no more anxieties cc. ARM.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
xxxxx
#73 Posted : Thursday, April 16, 2020 8:19:22 PM
Rank: Member


Joined: 3/20/2008
Posts: 501
Angelica _ann wrote:
Balaa wrote:
With the Ndegwas at the helm, coupled by one of their own conflicted in running the show at the capital markets' boards, anything's possible. No wonder their non-listed ICEA Capital Assets Management is able to release results (see today's dailies) to the public for self-interest reasons yet the publicly
listed Fahari (which they acquired) has not.


This is why i left for Traditional companies at NSE. This personal shows, hapana!!! At my age, no more anxieties cc. ARM.



My hard earned lesson from a few cases here is that once performance starts deteriorating, transparency is the first to go out of the window. Look at Bamburi - used to report on 28th or 29th Feb like clockwork, but now we're tending to last day in April. Similar problem with ARM. Now even Fahari. No more benefit of doubt. When mgt starts playing ping pong with shareholders from a reporting perspective, I just CUT MY LOSSES. It is even more paramount since NSE offers us ZERO guardrails as minority shareholders. If u wait for the entity to be taken to ICU, just know that there no return.
Superprime1
#74 Posted : Tuesday, April 21, 2020 10:31:20 PM
Rank: Member


Joined: 5/2/2018
Posts: 264
Any news on this one? When is its deadline for release of FY results?
Think Think
wukan
#75 Posted : Wednesday, April 22, 2020 7:40:21 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,409
Superprime1 wrote:
Any news on this one? When is its deadline for release of FY results?
Think Think


Normal reporting deadline end of March. CMA extended reporting time by 30 days. Under stanlib they used to report last days of March. I would expect them to report end of April given CMA reporting extension.
wukan
#76 Posted : Thursday, May 21, 2020 1:35:04 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,409
It's been a busy day for this one. The price has just collapsed after the exit of Stanlib and the entry of the new fund manager ILAM.

Fish market this one. I can't miss out
watesh
#77 Posted : Thursday, May 21, 2020 2:06:41 PM
Rank: Member


Joined: 8/10/2014
Posts: 825
Location: Kenya
wukan wrote:
It's been a busy day for this one. The price has just collapsed after the exit of Stanlib and the entry of the new fund manager ILAM.

Fish market this one. I can't miss out

Grabbed a huge chunk at 6. Target exit is 9 assuming nothing weird happens
Pennysense XIII
#78 Posted : Tuesday, May 26, 2020 12:58:24 PM
Rank: Hello


Joined: 5/21/2020
Posts: 2
Location: Nairobi
This could also be the reason.
https://www.businessdail...57786-ga9edj/index.html
since it’s the anchor tenant to greenspan mall
It is easier to find men who will volunteer to die, than to find those who are willing to endure pain with patience.
watesh
#79 Posted : Tuesday, May 26, 2020 2:11:28 PM
Rank: Member


Joined: 8/10/2014
Posts: 825
Location: Kenya
Pennysense XIII wrote:
This could also be the reason.
https://www.businessdail...57786-ga9edj/index.html
since it’s the anchor tenant to greenspan mall

Unless they are headed the Uchumi and Nakumatt path in the next 12 months, they will pay all their rent arreas before year end.
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