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Centum's 1H Profit dips.
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Cde Monomotapa
#11 Posted : Wednesday, November 09, 2011 11:06:06 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Ericsson wrote:
Pathetic results.Centum over the past two years has been making profits by selling its quoted shares in the NSE.Now that they are nearly selling all of them going forward where will the profits come from

Laughing out loudly
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guru267
#12 Posted : Wednesday, November 09, 2011 11:19:34 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Another company that relies on the NSE for investment income.. How sad!! Sad

Thank God i'm in Jubilee where it is unheard of and unacceptable to announce a lower EPS to shareholders whether the NSE is up or down.. The power of massive diversification..
Mark 12:29
Deuteronomy 4:16
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selah
#13 Posted : Wednesday, November 09, 2011 11:23:46 AM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Ericsson wrote:
Pathetic results.Centum over the past two years has been making profits by selling its quoted shares in the NSE.Now that they are nearly selling all of them going forward where will the profits come from


Actually I think they are splendid results, given how the market has been,its not easy to make money in a continuously bear market.Dont forget they are an investment company.

The increase in interest rate has hit them bad in both finance costs and also if they are into bond trading they must be feeling the heat, the only way they could have made cash is through the subsidiaries and associate companies.


'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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selah
#14 Posted : Wednesday, November 09, 2011 2:48:44 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
By putting NAV @ 18.76 guys are scrambling for this stock at a bargain well played @centumInv
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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stocksguru
#15 Posted : Wednesday, November 09, 2011 4:31:24 PM
Rank: Member

Joined: 4/19/2007
Posts: 68
Centum reading for war

Centums results clearly indicate that teh organisation os gearing up for a forthcoming war, this can be deduced from the large volumes of cash they seem to be holding.

There is a war brewing but where is it?
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  | | Edit by moderator: Wednesday, November 09, 2011 5:00 PM | Reason: topics merged
the deal
#16 Posted : Wednesday, November 09, 2011 5:13:36 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
NEW BLOGPOST: CENTUM PROFITS DOWN, EXITS NSE http://www.contrarianinv...fits-down-exits-nse.html
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Ericsson
#17 Posted : Wednesday, November 09, 2011 5:33:35 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,810
Location: NAIROBI
Anybody with an idea in the counters in which Centum exited in their Quoted Portfolio
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Realtreaty
#18 Posted : Wednesday, November 09, 2011 5:36:55 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,388
Sad Sad Is it the reason the bonus has taken them time to post? Last year 2010, it was posted from 1/ 10/2010 but 2011 bonus is yet to come. Whyd'oh! d'oh!
selah wrote:
Ericsson wrote:
Pathetic results.Centum over the past two years has been making profits by selling its quoted shares in the NSE.Now that they are nearly selling all of them going forward where will the profits come from


Actually I think they are splendid results, given how the market has been,its not easy to make money in a continuously bear market.Dont forget they are an investment company.

The increase in interest rate has hit them bad in both finance costs and also if they are into bond trading they must be feeling the heat, the only way they could have made cash is through the subsidiaries and associate companies.
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sparkly
#19 Posted : Wednesday, November 09, 2011 5:53:22 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
On first sight decent results. On a second look crap results. They retained over 2B in profits from the year to 31 Mar 2011. An additional 2B in equity/ assets and they report lower profits? They should have paid a cash dividend to shareholders. My 2 cents
Life is short. Live passionately.
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youcan'tstopusnow
#20 Posted : Thursday, November 10, 2011 10:14:16 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Centum seeks Sh6bn-dollar loan for real estate

The firm is seeking a dollar-dominated loan to develop the first phase of a real-estate project comprising offices, residential apartments, hotels, shopping malls and recreational facilities on a 100-acre piece of land in Runda. The developments will include a 255-bed hotel and 544 homes. It will price it rents in dollars.

The total cost of the first phase, which will begin next year and take two years is Sh10.8 billion, with the balance being plugged by Sh4.8 billion from equity financing and Sh2 billion from its coffers.

http://www.businessdaily.../-/4oora0z/-/index.html

GOD BLESS YOUR LIFE
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