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James Mworia - HOW DOES THIS MAN DO IT!?
digitek1
#31 Posted : Wednesday, June 20, 2012 3:59:28 PM
Rank: Veteran

Joined: 2/3/2010
Posts: 1,797
Location: Kenya
VituVingiSana wrote:
No profit warning but excuses galore!

Ati, the Two Rivers project was valued at less than their estimates! Haiya...! Look what happened in the USA... up, up & up then CRASH.


Two rivers = the new RVR


“Also, our performance is also pegged to the returns of other companies, whose operations we cannot project.” d'oh! Seriously?Liar Then why employ all those CFAs..
I may be wrong..but then I could be right
madebe
#32 Posted : Wednesday, June 20, 2012 5:19:09 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
If Mworia is a stundent og Mc Fie, then he dint listen well. i have watched the annual accounts report of centum deterirate in standards so much under mworia that i think they total fail on disclosures.

u cant know what they have invested in.
QW25091985
#33 Posted : Wednesday, June 20, 2012 5:25:31 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
madebe wrote:
If Mworia is a stundent og Mc Fie, then he dint listen well. i have watched the annual accounts report of centum deterirate in standards so much under mworia that i think they total fail on disclosures.

u cant know what they have invested in.



you areNOT supposed to know what they have invested in . its an investment company .and they have to keep it top secret what they have researched ( hopefully) and invested in ..
guru267
#34 Posted : Wednesday, June 20, 2012 9:18:35 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
For a man who holds an LLB, CPA & a CFA it is unbelievable and unacceptable that he made this error!!!

www.businessdailyafrica....8/-/1wc3g3z/-/index.html

He should receive jail time. Shame on you
Mark 12:29
Deuteronomy 4:16
youcan'tstopusnow
#35 Posted : Wednesday, June 20, 2012 9:38:01 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Haha! Ati they didn't know while the results are audited! Seriously?
GOD BLESS YOUR LIFE
bkismat
#36 Posted : Wednesday, June 20, 2012 11:28:29 PM
Rank: Elder

Joined: 10/23/2009
Posts: 2,375
guru267 wrote:
digitek1 wrote:
@guru
@ vvs is on the money


Sawa lets revisit property a year from now...
They will be higher despite high interest rates..

It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt...
-Mark Twain
madebe
#37 Posted : Thursday, June 21, 2012 12:28:33 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
5 yrs ago befor mworia, we knew evrything that centum was invested in. their strategies were clear. we knew even if they had 500 shares of crown berger. now they only show us figures. eg look in their page 30 of accounts. disposal of unguoted shares of kshs 111 million. what is it they sold?
disposal of quoted equity 1.6 billion, nini hio waliuza if their quoted nse shares walimaliza?
sparkly
#38 Posted : Thursday, June 21, 2012 2:07:32 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
guru267 wrote:
For a man who holds an LLB, CPA & a CFA it is unbelievable and unacceptable that he made this error!!!

www.businessdailyafrica....8/-/1wc3g3z/-/index.html

He should receive jail time. Shame on you


Centum, Centum, Centum ... do i smell another Uchumi in the making?

The Directors could be doing something behind all these cloaks of secrecy. Just a hunch!
Life is short. Live passionately.
Ericsson
#39 Posted : Thursday, June 21, 2012 3:36:01 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,815
Location: NAIROBI
How does a Company report a 48% decline in profit;u promise shareholders that assets under management will double in 2014 which is in two years time.
James Mworia-How does this man do it
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#40 Posted : Thursday, June 21, 2012 7:59:51 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,366
Location: Nairobi
sparkly wrote:
guru267 wrote:
For a man who holds an LLB, CPA & a CFA it is unbelievable and unacceptable that he made this error!!!

www.businessdailyafrica....8/-/1wc3g3z/-/index.html

He should receive jail time. Shame on you


Centum, Centum, Centum ... do i smell another Uchumi in the making?

The Directors could be doing something behind all these cloaks of secrecy. Just a hunch!
Who was in the guy involved in Uchumi when it went down? Who is the guy involved in Centum?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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