Somaliland Factories, Mills and Mining Thread
- Thread starter waraabe
- Start date
Min £2000very tempting
Very tempting indeed but just not yet! I need to know more before i put my money in it.
When i get home i am going to quickly do some research on the teamVery tempting indeed but just not yet! I need to know more before i put my money in it.
Its also how do you know if your investment is protected and if these people are trustworthy? But as a chemical engineer we need these Crowdfunded start-up companies. Its really interesting concept that insallah i will be working on.
We Somalis love Ayootu/hacbad & millions of Somalis investing in process industries will be next next evolution of rebuilding this country!
Yh very true just looked on the website somethings stick out ;
They are looking to sell 12,000 shares at $250 a share raising = $3 Million
As an engineer thats kinda low for what they looking to do definitely wont get the equipment they show in the video but its manageable to make with 2nd hand equipment and cheap labour ect.
2250 share already sold which Raised = $562,500
Left is 9750 Shares = $2.43 Million
With a Return of investment at 35% = 3 yrs pay back
Main issues i see with this company is the cost of share which is really high at $250
The 2nd largest agriculture company in the world Archer Daniels Midland shares cost $42.40.
2nd is the risk hence why the ROI is estimated so HIGH at 35%.
In the UK or US a ROI higher than 20% normally always means scammers/scams but I can see in a country like Somalia/Somaliland that being a good offset for taking that large of a risks.
Conclusion it seems interesting however the two main question i would ask:
1) how many shares the owners are getting
2) Timeline/develpoment plan
3) Trustworthiness of the main people
4) If all goes well only really profitable if you buy large amount of shares $20,000 - $30,000 which is risky
5) You can still buy shares at $2000 but you will get $700 a year or $58 a month after 3 years.
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Good news!
A public-private partnership seems like the best outcome for a nation like Somaliland since this sole cement factory is of national/strategic importance yet SL has limited funds to invest hence partnering up with Dahabshill and a Kuwaiti company.
By the way, what happened to Raysut/Oman's interest on the factory?
A public-private partnership seems like the best outcome for a nation like Somaliland since this sole cement factory is of national/strategic importance yet SL has limited funds to invest hence partnering up with Dahabshill and a Kuwaiti company.
By the way, what happened to Raysut/Oman's interest on the factory?
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No IPO but this time it's different cause last time only Dahabshill was going to be the sole owner. The
part government ownership is probably a way of reassuring them.
Nevertheless, this needs to happen by any means. Same people who oppose this would later on complain of
Ethiopian imports of cement.
Bro i don't see how this is any different than before? It would be fair to give an IPO to the Public while govt maintains the majority. This is just the same deal, except Kuwait is an additional shareholder. Why not the let the public take a piece of the pie?
That one was different. They wanted to export cement from Oman to SL which is ridiculous now.
High tariffs should be put on any foreign imports after the factory starts up.
Buy Somaliland Made should be the motto
A step taken of being self reliantNo idea. I guess this is too lucrative to hand out shares to the public. Dahabshil is gonna get stupid rich
Entrepreneur in me is always lookin' for profitable businesses 
xisaabiye
Ibnu Suxuufi Ibnu Al Dhoobe
P3 projects are done by all nations. This is a great step forward in the right direction
. If it was solely the government and not the private sector involved then taxes would increase which would put a strain on people spending (consumption). The next step to economic modernisation is bidding for contracts for future P3 projects. We should hold off on the oil/gas/minerals until we reach that stage.
Walilaahil 7amd
. If it was solely the government and not the private sector involved then taxes would increase which would put a strain on people spending (consumption). The next step to economic modernisation is bidding for contracts for future P3 projects. We should hold off on the oil/gas/minerals until we reach that stage.Walilaahil 7amd
