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6 Pages«<3456>
Is it the right time to buy CENTUM?
VituVingiSana
#81 Posted : Monday, October 26, 2020 12:36:21 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,314
Location: Nairobi
kmucheke wrote:
VituVingiSana wrote:
Balaa wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/centum-subsidiary-eyes-boda-boda-riders-with-unit-trust--2720268 Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme


Doesn't this change of tack feel like a sense of deja vu? Reminds me of the Kenyan banks' change of attitude towards the income earners at the bottom of the food chain before Equity Bank showed up in town with their model of banking the unbankable. Now, just like in the aftermath following Equity Bank's game changer, Centum is back in the streets hawking their hitherto elitist MMF product in the same manner top tier banks had to eat humble pie and started hawking loan products to Average Joe in the streets!
How was Centum's MMF elitist?

The minimum amount has been 1M and topup 100k with 1M being the minimum holding amount. I think this is what @Balaa meant as "elitist".

Nabo Capital KSh. Money Market Fund minimum amounts and topups

Nabo Capital Money Market Fund (KES)
Minimum Initial Subscription Amount 1,000,000/=
Minimum Subsequent Subscription Amount 100,000/=
Minimum Holding Amount 1,000,000/=


Thanks. What about the others eg CIC, Amana, Cytonn, etc?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
MaichBlack
#82 Posted : Monday, October 26, 2020 12:38:11 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,341
kmucheke wrote:
VituVingiSana wrote:
Balaa wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/centum-subsidiary-eyes-boda-boda-riders-with-unit-trust--2720268 Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme


Doesn't this change of tack feel like a sense of deja vu? Reminds me of the Kenyan banks' change of attitude towards the income earners at the bottom of the food chain before Equity Bank showed up in town with their model of banking the unbankable. Now, just like in the aftermath following Equity Bank's game changer, Centum is back in the streets hawking their hitherto elitist MMF product in the same manner top tier banks had to eat humble pie and started hawking loan products to Average Joe in the streets!
How was Centum's MMF elitist?

The minimum amount has been 1M and topup 100k with 1M being the minimum holding amount. I think this is what @Balaa meant as "elitist".

Nabo Capital KSh. Money Market Fund minimum amounts and topups

Nabo Capital Money Market Fund (KES)
Minimum Initial Subscription Amount 1,000,000/=
Minimum Subsequent Subscription Amount 100,000/=
Minimum Holding Amount 1,000,000/=



And that is class D!!! The lowest. Class A minimum initial subscription is 100,000,000/= with top ups of 1,000,000/=
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Ericsson
#83 Posted : Monday, October 26, 2020 2:05:14 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
VituVingiSana wrote:
kmucheke wrote:
VituVingiSana wrote:
Balaa wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/centum-subsidiary-eyes-boda-boda-riders-with-unit-trust--2720268 Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme


Doesn't this change of tack feel like a sense of deja vu? Reminds me of the Kenyan banks' change of attitude towards the income earners at the bottom of the food chain before Equity Bank showed up in town with their model of banking the unbankable. Now, just like in the aftermath following Equity Bank's game changer, Centum is back in the streets hawking their hitherto elitist MMF product in the same manner top tier banks had to eat humble pie and started hawking loan products to Average Joe in the streets!
How was Centum's MMF elitist?

The minimum amount has been 1M and topup 100k with 1M being the minimum holding amount. I think this is what @Balaa meant as "elitist".

Nabo Capital KSh. Money Market Fund minimum amounts and topups

Nabo Capital Money Market Fund (KES)
Minimum Initial Subscription Amount 1,000,000/=
Minimum Subsequent Subscription Amount 100,000/=
Minimum Holding Amount 1,000,000/=


Thanks. What about the others eg CIC, Amana, Cytonn, etc?

Cic minimum initial subscription ksh.5000
Minimum subsequent subscription ksh.1000

ICEALION minimum initial subscription ksh.3000
Minimum subsequent subscription ksh.500
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#84 Posted : Monday, October 26, 2020 2:13:57 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
MaichBlack wrote:
kmucheke wrote:
VituVingiSana wrote:
Balaa wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/centum-subsidiary-eyes-boda-boda-riders-with-unit-trust--2720268 Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme


Doesn't this change of tack feel like a sense of deja vu? Reminds me of the Kenyan banks' change of attitude towards the income earners at the bottom of the food chain before Equity Bank showed up in town with their model of banking the unbankable. Now, just like in the aftermath following Equity Bank's game changer, Centum is back in the streets hawking their hitherto elitist MMF product in the same manner top tier banks had to eat humble pie and started hawking loan products to Average Joe in the streets!
How was Centum's MMF elitist?

The minimum amount has been 1M and topup 100k with 1M being the minimum holding amount. I think this is what @Balaa meant as "elitist".

Nabo Capital KSh. Money Market Fund minimum amounts and topups

Nabo Capital Money Market Fund (KES)
Minimum Initial Subscription Amount 1,000,000/=
Minimum Subsequent Subscription Amount 100,000/=
Minimum Holding Amount 1,000,000/=



And that is class D!!! The lowest. Class A minimum initial subscription is 100,000,000/= with top ups of 1,000,000/=



Even in the arrangement proposed for boda boda operators,they won't contribute their ksh.50 directly.
Instead they will contribute to the investment/sacco which will then pool the funds and open a single account with Nabo capital for onward investment.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#85 Posted : Monday, October 26, 2020 2:14:07 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,314
Location: Nairobi
MaichBlack wrote:
kmucheke wrote:
VituVingiSana wrote:
Balaa wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/centum-subsidiary-eyes-boda-boda-riders-with-unit-trust--2720268 Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme


Doesn't this change of tack feel like a sense of deja vu? Reminds me of the Kenyan banks' change of attitude towards the income earners at the bottom of the food chain before Equity Bank showed up in town with their model of banking the unbankable. Now, just like in the aftermath following Equity Bank's game changer, Centum is back in the streets hawking their hitherto elitist MMF product in the same manner top tier banks had to eat humble pie and started hawking loan products to Average Joe in the streets!
How was Centum's MMF elitist?

The minimum amount has been 1M and topup 100k with 1M being the minimum holding amount. I think this is what @Balaa meant as "elitist".

Nabo Capital KSh. Money Market Fund minimum amounts and topups

Nabo Capital Money Market Fund (KES)
Minimum Initial Subscription Amount 1,000,000/=
Minimum Subsequent Subscription Amount 100,000/=
Minimum Holding Amount 1,000,000/=

And that is class D!!! The lowest. Class A minimum initial subscription is 100,000,000/= with top ups of 1,000,000/=
MMF or other asset classes/funds?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#86 Posted : Monday, October 26, 2020 2:21:26 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,314
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
kmucheke wrote:
VituVingiSana wrote:
Balaa wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/centum-subsidiary-eyes-boda-boda-riders-with-unit-trust--2720268 Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme


Doesn't this change of tack feel like a sense of deja vu? Reminds me of the Kenyan banks' change of attitude towards the income earners at the bottom of the food chain before Equity Bank showed up in town with their model of banking the unbankable. Now, just like in the aftermath following Equity Bank's game changer, Centum is back in the streets hawking their hitherto elitist MMF product in the same manner top tier banks had to eat humble pie and started hawking loan products to Average Joe in the streets!
How was Centum's MMF elitist?

The minimum amount has been 1M and topup 100k with 1M being the minimum holding amount. I think this is what @Balaa meant as "elitist".

Nabo Capital KSh. Money Market Fund minimum amounts and topups

Nabo Capital Money Market Fund (KES)
Minimum Initial Subscription Amount 1,000,000/=
Minimum Subsequent Subscription Amount 100,000/=
Minimum Holding Amount 1,000,000/=


Thanks. What about the others eg CIC, Amana, Cytonn, etc?

Cic minimum initial subscription ksh.5000
Minimum subsequent subscription ksh.1000

ICEALION minimum initial subscription ksh.3000
Minimum subsequent subscription ksh.500
Now Centum can cover the entire gamut.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
kmucheke
#87 Posted : Monday, October 26, 2020 2:43:48 PM
Rank: Member


Joined: 3/16/2019
Posts: 227
Ericsson wrote:
VituVingiSana wrote:
kmucheke wrote:
VituVingiSana wrote:
Balaa wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/centum-subsidiary-eyes-boda-boda-riders-with-unit-trust--2720268 Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme


Doesn't this change of tack feel like a sense of deja vu? Reminds me of the Kenyan banks' change of attitude towards the income earners at the bottom of the food chain before Equity Bank showed up in town with their model of banking the unbankable. Now, just like in the aftermath following Equity Bank's game changer, Centum is back in the streets hawking their hitherto elitist MMF product in the same manner top tier banks had to eat humble pie and started hawking loan products to Average Joe in the streets!
How was Centum's MMF elitist?

The minimum amount has been 1M and topup 100k with 1M being the minimum holding amount. I think this is what @Balaa meant as "elitist".

Nabo Capital KSh. Money Market Fund minimum amounts and topups

Nabo Capital Money Market Fund (KES)
Minimum Initial Subscription Amount 1,000,000/=
Minimum Subsequent Subscription Amount 100,000/=
Minimum Holding Amount 1,000,000/=


Thanks. What about the others eg CIC, Amana, Cytonn, etc?

Cic minimum initial subscription ksh.5000
Minimum subsequent subscription ksh.1000

ICEALION minimum initial subscription ksh.3000
Minimum subsequent subscription ksh.500

Cytonn: minimum 1,000 and no minimum top up.

Zimele: minimum deposit of ksh. 100 and no minimum balance requirement.


kmucheke
#88 Posted : Monday, October 26, 2020 3:45:46 PM
Rank: Member


Joined: 3/16/2019
Posts: 227
Ericsson wrote:
MaichBlack wrote:
kmucheke wrote:
VituVingiSana wrote:
Balaa wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/centum-subsidiary-eyes-boda-boda-riders-with-unit-trust--2720268 Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme


Doesn't this change of tack feel like a sense of deja vu? Reminds me of the Kenyan banks' change of attitude towards the income earners at the bottom of the food chain before Equity Bank showed up in town with their model of banking the unbankable. Now, just like in the aftermath following Equity Bank's game changer, Centum is back in the streets hawking their hitherto elitist MMF product in the same manner top tier banks had to eat humble pie and started hawking loan products to Average Joe in the streets!
How was Centum's MMF elitist?

The minimum amount has been 1M and topup 100k with 1M being the minimum holding amount. I think this is what @Balaa meant as "elitist".

Nabo Capital KSh. Money Market Fund minimum amounts and topups

Nabo Capital Money Market Fund (KES)
Minimum Initial Subscription Amount 1,000,000/=
Minimum Subsequent Subscription Amount 100,000/=
Minimum Holding Amount 1,000,000/=



And that is class D!!! The lowest. Class A minimum initial subscription is 100,000,000/= with top ups of 1,000,000/=



Even in the arrangement proposed for boda boda operators,they won't contribute their ksh.50 directly.
Instead they will contribute to the investment/sacco which will then pool the funds and open a single account with Nabo capital for onward investment.



Quote:
Centum-owned Sidian Bank will be the receiving bank for the product that is riding on a mobile application developed by Tribus TSG.


Quote:
Tribus TSG Limited is the solution arm of Centum Investment Company Plc that offers a wide variety of solutions ranging from soft and hard Services all the way to continent first cutting-edge technologies.


What happened to Nabo Capital’s Wanafunzi Investment Unit Trust Fund ?
LINK

Balaa
#89 Posted : Monday, October 26, 2020 6:09:00 PM
Rank: Member


Joined: 7/6/2018
Posts: 164
Location: Kinshasa
kmucheke wrote:
VituVingiSana wrote:
Balaa wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/centum-subsidiary-eyes-boda-boda-riders-with-unit-trust--2720268 Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme


Doesn't this change of tack feel like a sense of deja vu? Reminds me of the Kenyan banks' change of attitude towards the income earners at the bottom of the food chain before Equity Bank showed up in town with their model of banking the unbankable. Now, just like in the aftermath following Equity Bank's game changer, Centum is back in the streets hawking their hitherto elitist MMF product in the same manner top tier banks had to eat humble pie and started hawking loan products to Average Joe in the streets!
How was Centum's MMF elitist?

The minimum amount has been 1M and topup 100k with 1M being the minimum holding amount. I think this is what @Balaa meant as "elitist".

Nabo Capital KSh. Money Market Fund minimum amounts and topups

Nabo Capital Money Market Fund (KES)
Minimum Initial Subscription Amount 1,000,000/=
Minimum Subsequent Subscription Amount 100,000/=
Minimum Holding Amount 1,000,000/=




You got it, @kmucheke and @MaichBlack.
If it don't make dollars, it don't make sense
Ericsson
#90 Posted : Monday, October 26, 2020 8:14:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
kmucheke wrote:
Ericsson wrote:
MaichBlack wrote:
kmucheke wrote:
VituVingiSana wrote:
Balaa wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/centum-subsidiary-eyes-boda-boda-riders-with-unit-trust--2720268 Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme


Doesn't this change of tack feel like a sense of deja vu? Reminds me of the Kenyan banks' change of attitude towards the income earners at the bottom of the food chain before Equity Bank showed up in town with their model of banking the unbankable. Now, just like in the aftermath following Equity Bank's game changer, Centum is back in the streets hawking their hitherto elitist MMF product in the same manner top tier banks had to eat humble pie and started hawking loan products to Average Joe in the streets!
How was Centum's MMF elitist?

The minimum amount has been 1M and topup 100k with 1M being the minimum holding amount. I think this is what @Balaa meant as "elitist".

Nabo Capital KSh. Money Market Fund minimum amounts and topups

Nabo Capital Money Market Fund (KES)
Minimum Initial Subscription Amount 1,000,000/=
Minimum Subsequent Subscription Amount 100,000/=
Minimum Holding Amount 1,000,000/=



And that is class D!!! The lowest. Class A minimum initial subscription is 100,000,000/= with top ups of 1,000,000/=



Even in the arrangement proposed for boda boda operators,they won't contribute their ksh.50 directly.
Instead they will contribute to the investment/sacco which will then pool the funds and open a single account with Nabo capital for onward investment.



Quote:
Centum-owned Sidian Bank will be the receiving bank for the product that is riding on a mobile application developed by Tribus TSG.


Quote:
Tribus TSG Limited is the solution arm of Centum Investment Company Plc that offers a wide variety of solutions ranging from soft and hard Services all the way to continent first cutting-edge technologies.


What happened to Nabo Capital’s Wanafunzi Investment Unit Trust Fund ?
LINK


Wanafunzi graduated.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#91 Posted : Monday, October 26, 2020 10:41:14 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,314
Location: Nairobi
Even though Centum is a core holding for me, it is looking increasingly attractive and I might add more cash permitting.

They are flexible and adapting to the new environments.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Balaa
#92 Posted : Tuesday, October 27, 2020 8:46:24 AM
Rank: Member


Joined: 7/6/2018
Posts: 164
Location: Kinshasa
kmucheke wrote:
Ericsson wrote:
MaichBlack wrote:
kmucheke wrote:
VituVingiSana wrote:
Balaa wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/centum-subsidiary-eyes-boda-boda-riders-with-unit-trust--2720268 Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme


Doesn't this change of tack feel like a sense of deja vu? Reminds me of the Kenyan banks' change of attitude towards the income earners at the bottom of the food chain before Equity Bank showed up in town with their model of banking the unbankable. Now, just like in the aftermath following Equity Bank's game changer, Centum is back in the streets hawking their hitherto elitist MMF product in the same manner top tier banks had to eat humble pie and started hawking loan products to Average Joe in the streets!
How was Centum's MMF elitist?

The minimum amount has been 1M and topup 100k with 1M being the minimum holding amount. I think this is what @Balaa meant as "elitist".

Nabo Capital KSh. Money Market Fund minimum amounts and topups

Nabo Capital Money Market Fund (KES)
Minimum Initial Subscription Amount 1,000,000/=
Minimum Subsequent Subscription Amount 100,000/=
Minimum Holding Amount 1,000,000/=



And that is class D!!! The lowest. Class A minimum initial subscription is 100,000,000/= with top ups of 1,000,000/=



Even in the arrangement proposed for boda boda operators,they won't contribute their ksh.50 directly.
Instead they will contribute to the investment/sacco which will then pool the funds and open a single account with Nabo capital for onward investment.



Quote:
Centum-owned Sidian Bank will be the receiving bank for the product that is riding on a mobile application developed by Tribus TSG.


Quote:
Tribus TSG Limited is the solution arm of Centum Investment Company Plc that offers a wide variety of solutions ranging from soft and hard Services all the way to continent first cutting-edge technologies.


What happened to Nabo Capital’s Wanafunzi Investment Unit Trust Fund ?
LINK



According to the CMA Quarterly Statistical Bulletin Q3 2020 "Wanafunzi Investments managed the least portfolio at KES 161,359". Rather pedestrian Sad

https://cma.or.ke/index....mp;id=79&Itemid=259

Wonder how they're sustaining the Secretariat https://wanafunzi.co.ke/about-us/

But it's reassuring to see good old McFie (for those who went through his hand at SOA) as Chairman. The old man's principled.
If it don't make dollars, it don't make sense
Ericsson
#93 Posted : Tuesday, October 27, 2020 12:31:39 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
Balaa wrote:
kmucheke wrote:
Ericsson wrote:
MaichBlack wrote:
kmucheke wrote:
VituVingiSana wrote:
Balaa wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/centum-subsidiary-eyes-boda-boda-riders-with-unit-trust--2720268 Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme


Doesn't this change of tack feel like a sense of deja vu? Reminds me of the Kenyan banks' change of attitude towards the income earners at the bottom of the food chain before Equity Bank showed up in town with their model of banking the unbankable. Now, just like in the aftermath following Equity Bank's game changer, Centum is back in the streets hawking their hitherto elitist MMF product in the same manner top tier banks had to eat humble pie and started hawking loan products to Average Joe in the streets!
How was Centum's MMF elitist?

The minimum amount has been 1M and topup 100k with 1M being the minimum holding amount. I think this is what @Balaa meant as "elitist".

Nabo Capital KSh. Money Market Fund minimum amounts and topups

Nabo Capital Money Market Fund (KES)
Minimum Initial Subscription Amount 1,000,000/=
Minimum Subsequent Subscription Amount 100,000/=
Minimum Holding Amount 1,000,000/=



And that is class D!!! The lowest. Class A minimum initial subscription is 100,000,000/= with top ups of 1,000,000/=



Even in the arrangement proposed for boda boda operators,they won't contribute their ksh.50 directly.
Instead they will contribute to the investment/sacco which will then pool the funds and open a single account with Nabo capital for onward investment.



Quote:
Centum-owned Sidian Bank will be the receiving bank for the product that is riding on a mobile application developed by Tribus TSG.


Quote:
Tribus TSG Limited is the solution arm of Centum Investment Company Plc that offers a wide variety of solutions ranging from soft and hard Services all the way to continent first cutting-edge technologies.


What happened to Nabo Capital’s Wanafunzi Investment Unit Trust Fund ?
LINK



According to the CMA Quarterly Statistical Bulletin Q3 2020 "Wanafunzi Investments managed the least portfolio at KES 161,359". Rather pedestrian Sad

https://cma.or.ke/index....mp;id=79&Itemid=259

Wonder how they're sustaining the Secretariat https://wanafunzi.co.ke/about-us/

But it's reassuring to see good old McFie (for those who went through his hand at SOA) as Chairman. The old man's principled.


Hao pia walijaribu na Wanafunzi Investment Unit Trust
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#94 Posted : Tuesday, October 27, 2020 6:19:04 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,314
Location: Nairobi
Balaa wrote:
kmucheke wrote:
Ericsson wrote:
MaichBlack wrote:
kmucheke wrote:
VituVingiSana wrote:
Balaa wrote:
VituVingiSana wrote:
https://www.businessdailyafrica.com/bd/markets/capital-markets/centum-subsidiary-eyes-boda-boda-riders-with-unit-trust--2720268 Centum subsidiary eyes boda boda riders with Sh50 a day savings scheme


Doesn't this change of tack feel like a sense of deja vu? Reminds me of the Kenyan banks' change of attitude towards the income earners at the bottom of the food chain before Equity Bank showed up in town with their model of banking the unbankable. Now, just like in the aftermath following Equity Bank's game changer, Centum is back in the streets hawking their hitherto elitist MMF product in the same manner top tier banks had to eat humble pie and started hawking loan products to Average Joe in the streets!
How was Centum's MMF elitist?

The minimum amount has been 1M and topup 100k with 1M being the minimum holding amount. I think this is what @Balaa meant as "elitist".

Nabo Capital KSh. Money Market Fund minimum amounts and topups

Nabo Capital Money Market Fund (KES)
Minimum Initial Subscription Amount 1,000,000/=
Minimum Subsequent Subscription Amount 100,000/=
Minimum Holding Amount 1,000,000/=



And that is class D!!! The lowest. Class A minimum initial subscription is 100,000,000/= with top ups of 1,000,000/=



Even in the arrangement proposed for boda boda operators,they won't contribute their ksh.50 directly.
Instead they will contribute to the investment/sacco which will then pool the funds and open a single account with Nabo capital for onward investment.



Quote:
Centum-owned Sidian Bank will be the receiving bank for the product that is riding on a mobile application developed by Tribus TSG.


Quote:
Tribus TSG Limited is the solution arm of Centum Investment Company Plc that offers a wide variety of solutions ranging from soft and hard Services all the way to continent first cutting-edge technologies.


What happened to Nabo Capital’s Wanafunzi Investment Unit Trust Fund ?
LINK



According to the CMA Quarterly Statistical Bulletin Q3 2020 "Wanafunzi Investments managed the least portfolio at KES 161,359". Rather pedestrian Sad

https://cma.or.ke/index....mp;id=79&Itemid=259

Wonder how they're sustaining the Secretariat https://wanafunzi.co.ke/about-us/

But it's reassuring to see good old McFie (for those who went through his hand at SOA) as Chairman. The old man's principled.
Slick website. This seems to be run by Strathmore Business School (not Nabo) from McFie as Chairman to the SBS alumni and connections of the Secretariat.

Partners include KCB, Equity, NSE, KBA, Nabo, etc.

Students are broke but it's a good vehicle to teach them to save and invest.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#95 Posted : Tuesday, October 27, 2020 8:58:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
Centum Real estate to float $37mn bond
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#96 Posted : Tuesday, October 27, 2020 9:03:37 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,314
Location: Nairobi
Ericsson wrote:
Centum Real estate to float $37mn bond

Is it in USD?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#97 Posted : Wednesday, October 28, 2020 7:20:04 AM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Centum Real estate to float $37mn bond

Is it in USD?

Further details

https://www.businessdail...4bn-housing-bond-2723642
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Kusadikika
#98 Posted : Wednesday, October 28, 2020 2:42:16 PM
Rank: Elder


Joined: 7/22/2008
Posts: 2,682
Ericsson wrote:
VituVingiSana wrote:
[quote=Ericsson]Centum Real estate to float $37mn bond

Is it in USD?

Further details

https://www.businessdail...bn-housing-bond-2723642[/quote]

Financial gymnastics. Danganya toto jinga.

"We have a receivable of Sh6.8 billion from the sold units, which more than covers the bond redemption value. The bond is therefore a bridging finance solution to finance the construction of the pre-sold units"

This is very clever of Centum but will be very foolish for bond buyers. What Centum is basically doing is telling you to be a Mortgage holder. Nyumba ziko, wakilipa utalipwa, wasipolipa utabaki na nyumba. The bond holders are being sold houses. Is this because there are no real buyers for the houses?
VituVingiSana
#99 Posted : Thursday, October 29, 2020 7:05:24 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,314
Location: Nairobi
Kusadikika wrote:
Ericsson wrote:
VituVingiSana wrote:
[quote=Ericsson]Centum Real estate to float $37mn bond

Is it in USD?

Further details

https://www.businessdail...bn-housing-bond-2723642[/quote]

Financial gymnastics. Danganya toto jinga.

"We have a receivable of Sh6.8 billion from the sold units, which more than covers the bond redemption value. The bond is therefore a bridging finance solution to finance the construction of the pre-sold units"

This is very clever of Centum but will be very foolish for bond buyers. What Centum is basically doing is telling you to be a Mortgage holder. Nyumba ziko, wakilipa utalipwa, wasipolipa utabaki na nyumba. The bond holders are being sold houses. Is this because there are no real buyers for the houses?
A Bond and Mortgage are siblings. They are both loans.

Centum has entered into contracts to sell the houses and it gets paid over time depending on the contract. Or CentumRE has taken a deposit and will be paid upon delivery of the completed unit.

CentumRE also wants to start new projects while completing ongoing projects so they need the cash today. It's a timing issue more so with COVID.

CentumRE (not the projects) is borrowing and it has multiple projects planned. So it's not Awali or Pearl Marina but CentumRe that's borrowing.

Option 1 - Borrow from a bank. It costs more and has a lot of paperwork associated with it as each house is delivered since the bank has a lien on the entire property.

Option 2 - Issue a bond that isn't tied to a specific project so as sales happen, the transfers are made to the buyers. At the end of 3 years, the bond can be refinanced/reissued or the cash is used to pay off the bond.

As a bondholder, you are given an (call) option and if you so choose, you can either take the cash OR "exchange" part or whole your principal (& interest) for a property. Just like a traded Call Option, you know the underlying asset, Strike Date and Exercise Price.

This is not a bond for those who do not understand the structure but geared towards institutions (eg insurance firms) and HNWIs whose needs for cash are different from most retail investors.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#100 Posted : Thursday, October 29, 2020 3:43:40 PM
Rank: Elder


Joined: 12/4/2009
Posts: 9,102
Location: NAIROBI
VituVingiSana wrote:
Kusadikika wrote:
Ericsson wrote:
VituVingiSana wrote:
[quote=Ericsson]Centum Real estate to float $37mn bond

Is it in USD?

Further details

https://www.businessdail...bn-housing-bond-2723642[/quote]

Financial gymnastics. Danganya toto jinga.

"We have a receivable of Sh6.8 billion from the sold units, which more than covers the bond redemption value. The bond is therefore a bridging finance solution to finance the construction of the pre-sold units"

This is very clever of Centum but will be very foolish for bond buyers. What Centum is basically doing is telling you to be a Mortgage holder. Nyumba ziko, wakilipa utalipwa, wasipolipa utabaki na nyumba. The bond holders are being sold houses. Is this because there are no real buyers for the houses?
A Bond and Mortgage are siblings. They are both loans.

Centum has entered into contracts to sell the houses and it gets paid over time depending on the contract. Or CentumRE has taken a deposit and will be paid upon delivery of the completed unit.

CentumRE also wants to start new projects while completing ongoing projects so they need the cash today. It's a timing issue more so with COVID.

CentumRE (not the projects) is borrowing and it has multiple projects planned. So it's not Awali or Pearl Marina but CentumRe that's borrowing.

Option 1 - Borrow from a bank. It costs more and has a lot of paperwork associated with it as each house is delivered since the bank has a lien on the entire property.

Option 2 - Issue a bond that isn't tied to a specific project so as sales happen, the transfers are made to the buyers. At the end of 3 years, the bond can be refinanced/reissued or the cash is used to pay off the bond.

As a bondholder, you are given an (call) option and if you so choose, you can either take the cash OR "exchange" part or whole your principal (& interest) for a property. Just like a traded Call Option, you know the underlying asset, Strike Date and Exercise Price.

This is not a bond for those who do not understand the structure but geared towards institutions (eg insurance firms) and HNWIs whose needs for cash are different from most retail investors.


So your Kenya Re may be a buyer similar to the previous issue that was retired in June 2020
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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