THE STANDARD By
Moses Omusolo |
March 9th 2021 at 17:07:28 GMT +0300
Mike Rabar CEO of Homeboyz Entertainment (PHOTO: FILE)
Newly listed entertainment provider Homeboyz Entertainment is expecting its profit for the financial year ending December 31, 2020, to be lower than expected.
The profit warning comes against the background of a challenging business environment attributed to the COVID-19 pandemic.
Painting a picture of the difficult operating environment, Homeboyz Entertainment Chief Executive Myke Rabar said to remain competitive, the firm instituted many radical cost rationalisation measures, including instituting a hiring scheme based on active projects and innovative initiatives in the digital space to shore up revenues.
THE STANDARD By
Wainaina Wambu |
January 19th 2021 at 08:30:00 GMT +0300
NSE Chief Executive Geoffrey Odundo. [David Gichuru, Standard]
After four years, Homeboyz Entertainment seems to have ended the listing drought at the Nairobi Securities Exchange (NSE), becoming the first entertainment firm to join the bourse.
The listing by way of introduction came through the Growth Enterprise Market Segment (Gems).
Gems was set up in 2013, targeting small firms, but has since attracted only five such entities whose shares have been on a disappointing run and have largely failed to excite the market.
These are Home Afrika, Flame Tree Group, Kurwitu Ventures, Nairobi Business Ventures (NBV) and Atlas Development.
The trouble with Homeboyz NSE listing
Tuesday December 29 2020
By TONY WATIMA
Summary
The Rabar brothers, no doubt, have a good story to tell about their journey pioneering the entertainment business.
Homeboyz is a public relations and advertising agency boasting six audio recording studios, two TV production facilities, an events management division, a full audio-visual rental and maintenance department, the Music Technology academy and roadshow gigs.
A few days ago, Homeboyz Entertainment made its debut on the Nairobi Securities Exchange (NSE) coming through the Growth Enterprise Market Segment (Gems) and is now known as Homeboyz Entertainment PLC.
This is a company I have been watching for years now because I have often used it to have a pulse of Kenya’s entertainment industry and the listing will in fact provide a more reflective pulse.
Kenya: Rabars Reveals Sh294m Net Worth in Homeboyz allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Homeboyz Entertainment debuts on the Nairobi Security Exchange
Shares
Homeboyz Entertainment PLC has today listed on the Nairobi Securities Exchange (NSE) under the Growth Enterprise Market Segment (GEMS) following approvals from the regulator.
Under the listing, Homeboyz will list 63.2 Million shares at a price of Ksh 4.60 per share under the ticker HBE. AIB-AXYS are the transaction advisors (formerly AIB Capital). Prior to the listing, Homeboyz was been part of the NSE Ibuka incubation program and was the tenth company to join in May 2019.
NSE’s Ibuka is a 10 month program where small and medium-sized companies are prepared for possible listing in the future. The program allows firms to access experts on listing, financial advisors and other consultants.