Replies to post #1372 on China Crescent Ent. Inc (fka CCTR)

[Coldshot]

Here, here! I contacted them today asking them to answer directly to 4 specific points, we will see if they reply. Gotta agree absolute Horsesht PR, hell why don't we penetrate Zimbabwe or Siera Leon, silly crap. If it makes the PPS go up I dont care.
Go CCTR up up and AWAY !!!1

[The Dean]

It's not about Kenya. Q2 is getting closer, maybe some people want to jump in at the lowest possible price just before the PR.(and that started today) But Kenya just shows that the company is very active and busy. Busy is good. Things are happening for the company. Sales are sales, I'll take em' anywhere I can get em' I would love to see us become a $100 million company quickly. P.S. Alot of selling the last 10 minutes.

[DigiTech]

Kenya market.

I have been critical of NMKT/CCTR and their management but for once I will take their side.

But first let's get one thing out of the way. The PR strategy of both companies is BS and makes the companies loose credibility.

Now that I put that out of the way, NMKT/CCTR strategy has been to penetrate developing markets where people do not "give a snot" about it. Like it or not it is their strategy and this is what you are buying when you buy the stock. I personally think it is a good strategy because they would not have a chance in developed market where they would go against multi billion dollars companies in the same space.

Kenya is a developing market with 38 million people. The growth rate has been 5.8% (2005), 2006 = 6.1%, 2007 = 7.2%.

The purchasing power parity is $47B and imports are $3.3B.

More important is the advent of cell phone use as financial backbone in 3rd world countries. The world has close to 5B people that do not have a bank account. Communication technology is changing the banking system in Africa. Read this article:

"A few years ago, Kenyan cell phone service provider Safaricom began offering a service allowing prepaid subscribers to send airtime credits to friends and family living in far-flung areas. Eventually, the cell phone credit evolved into a currency of its own.

“Lots and lots of people were using it as a surrogate for currency,” Massachusetts Institute of Technology researcher Nathan Eagle told tech blog GigaOM. “Within about a year, (Safaricom) became the biggest bank in East Africa.”

Subsequently, Safaricom launched “mobile payment service” MPesa, and Kenyans now use MPesa credits to pay for everything from well water to cab fare. According to Wired magazine’s Epicenter blog, 30 percent of Kenya’s population now pays their electricity bills via mobile device."

All of those systems providing Internet and cell network need backbone equipment and that fits into NMKT/CCTR

I could go on and on about this market in general and Kenya in particular but just one thing to remember: do not ignore 5B people as a business opportunity.


I am actually very pleased that the company is pursuing this exploding network market but as stated before they should stop that crazy PR strategy and stick to business.


BTW 18M shares traded!! even divided by 2 that's a lot of share for such a small float.