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Nairobi Business Ventures Ltd Listing
Pesa Nane
#1 Posted : Tuesday, June 14, 2016 10:52:22 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Listing Statement
In respect of:
The Listing by Introduction on the Growth Enterprise Market Segment of the Nairobi Securities Exchange of 23,600,000 Issued Ordinary Shares of KES 1.00 each of Nairobi Business Ventures Limited at a listing price of KES 5.00 per Ordinary Share
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#2 Posted : Tuesday, June 14, 2016 10:57:52 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
CHAIRMAN’S STATEMENT

Dear Investor,
It is my pleasure to present to you this Listing Statement on behalf of the Board of Directors of Nairobi Business Ventures Limited.

As one of the more successful retailers of leather footwear and accessories in Kenya, Nairobi Business Ventures endeavours to build and promote a dominant African leather products brand from Kenya. Our adherence to good quality products and the value for money proposition has led to the Company’s initial success.
Kenya’s potential and that of its people is undermined and this in my opinion needs to change. Kenya has a rich source of raw materials and the skilled labour required to harness the growing demands of the leather market worldwide. Today, Kenya and Ethiopia are among the largest producers of raw leather in Africa.
However, as a country, Kenya exports raw material and imports finished products at a premium unlike Ethiopia, which is processing its raw material, manufacturing various leather products and supplying finished product to various European markets.

Nairobi Business Ventures sees a significant opportunity in the industry and believes that Kenya cannot afford to be left behind in the leather industry.
Nairobi Business Ventures has taken time to do extensive research on the leather industry in Kenya and the Eastern Africa region at large. We have evaluated the challenges we are likely to encounter in our venture and put in place the required mitigations. We would like to join hands on this mission with other Kenyan investors who share in our vision.

Our brand, “KShoe” will be built and established as one of the significant brands emerging from Kenya. To achieve this objective, Nairobi Business Ventures will expand its presence first through retail expansions and invest in backward integration into manufacturing. Our objective is to create world-class leather products and build KShoe as
a formidable brand from Kenya. We believe that we can achieve this objective if we take one step at a time.
I request you to extend all support and good wishes in making this journey a success.

Yours Sincerely,
Dr. Alfred Kithusi
Chairman, Nairobi Business Ventures Limited
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#3 Posted : Tuesday, June 14, 2016 11:05:07 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
List of Directors:
(All directors are of Kenyan nationality)

Name Position Address Age
Alfred Nzomo Kithusi; Non- Executive Chairman, P O Box 407 - 00100 Nairobi. 56 years

Srungarapu Rajasekhar; Executive Director, P O Box 18638 – 00500 Nairobi. 44 years

Abotula Venkata Satyanarayana Vasu; Executive Director, P O Box 18638 – 00500 Nairobi. 50 years

Simon Saili Malonza; Non-Executive Director, P O Box 37416 – 00500 Nairobi. 42 years

Jayesh Himatlal Nagrecha, Non-Executive Director P O Box 18638 – 00500 Nairobi. 47 years
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#4 Posted : Tuesday, June 14, 2016 11:08:32 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#5 Posted : Tuesday, June 14, 2016 11:11:45 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#6 Posted : Tuesday, June 14, 2016 11:20:59 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
See complete final listing statement on wazua google group
Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#7 Posted : Tuesday, June 14, 2016 11:33:17 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,437
Location: Nairobi
Siwesinvest.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#8 Posted : Tuesday, June 14, 2016 11:55:31 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,932
Location: Kitale
where is their latest financial statement?
Towards the goal of financial freedom
muganda
#9 Posted : Tuesday, June 14, 2016 12:19:58 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,871
Ebenyo wrote:
where is their latest financial statement?


There you go https://view.publitas.co...tatement-nbv-june-2016/

Transaction advisors don't engender faith
Business turning over 85m growing 14% yoy
Operating margin at 20% with EBIT growing 13% yoy
Gearing at least 255%
Inventory = Turnover (takes 360 days to turn inventory)
Pesa Nane
#10 Posted : Tuesday, June 14, 2016 12:31:05 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ebenyo wrote:
where is their latest financial statement?


summary

Pesa Nane plans to be shilingi when he grows up.
tmatekwa
#11 Posted : Tuesday, June 14, 2016 1:57:43 PM
Rank: Member


Joined: 10/1/2007
Posts: 232
Nairobi Business Ventures (NBV) listing

http://www.businessdaily.../-/deuv0jz/-/index.html

another fishy muindi company....
tmatekwa
#12 Posted : Tuesday, June 14, 2016 2:09:04 PM
Rank: Member


Joined: 10/1/2007
Posts: 232
with a trailing PE of 20 before dilution....who wants to be on this matatu?
mkate_nusu
#13 Posted : Tuesday, June 14, 2016 2:59:43 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
tmatekwa wrote:
with a trailing PE of 20 before dilution....who wants to be on this matatu?


2.5. RESULTS OF THE PRIVATE PLACEMENT

The private placement exercise was completed on 10th June 2016 having raised the full targeted amount of Kes 28 million

from 26 new shareholders.


Shafting season about to begin Home Afrika style
KEGN, KPLC, KQ, SCOM
Ebenyo
#14 Posted : Tuesday, June 14, 2016 3:19:40 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,932
Location: Kitale
Pesa Nane wrote:
Ebenyo wrote:
where is their latest financial statement?


e
summary


operating costs are increasing yoy.
whats their core business?
Towards the goal of financial freedom
Chaka
#15 Posted : Tuesday, June 14, 2016 4:15:18 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
Do these guys export their leather products?Does anyone here remember tiger shoes and where they went?
murchr
#16 Posted : Tuesday, June 14, 2016 7:31:01 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,957
VituVingiSana wrote:
Siwesinvest.


Laughing out loudly You have no love of shoes?
"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
.
mkate_nusu
#17 Posted : Tuesday, June 14, 2016 7:38:49 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
tmatekwa wrote:
Nairobi Business Ventures (NBV) listing

http://www.businessdaily.../-/deuv0jz/-/index.html

another fishy muindi company....


Muindi can shaft you from many directions and worst part you wont see it coming.
KEGN, KPLC, KQ, SCOM
enyands
#18 Posted : Tuesday, June 14, 2016 7:43:14 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,298
Location: kenya
💃💃💃💃
mkate_nusu
#19 Posted : Tuesday, June 14, 2016 7:47:05 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
Ebenyo wrote:
Pesa Nane wrote:
Ebenyo wrote:
where is their latest financial statement?


e
summary


operating costs are increasing yoy.
whats their core business?


Selling shoes
KEGN, KPLC, KQ, SCOM
Ebenyo
#20 Posted : Tuesday, June 14, 2016 9:33:35 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,932
Location: Kitale
mkate_nusu wrote:
Ebenyo wrote:
Pesa Nane wrote:
Ebenyo wrote:
where is their latest financial statement?


e
summary


operating costs are increasing yoy.
whats their core business?


Selling shoes

Really? then they wont beat second hand shoes traders.Their business lacks a competitive edge.
Towards the goal of financial freedom
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