Wazua
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Is it the right time to buy CENTUM?
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Centum is dead;there is still no development on their real estate project at Two Rivers. That's the reason Mworia reduced his shareholding in the company Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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Centum will recover by 2017. They went into capital intensive ventures without proper cash outlays hence the mess they are in Thieves
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Rank: Member Joined: 8/11/2009 Posts: 302
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King G wrote:Centum will recover by 2017. They went into capital intensive ventures without proper cash outlays hence the mess they are in Even if your 2017 prediction is right, I don't know what your basis, that a very long time to lock your money in a hybernating, maybe braindead stock. I had bought at 27 but painfully decided to cut my losses at sub 15 and shift to another stock. When things look up, I will cross that bridge.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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How sure are you they will recover. Real estate projects have a very slow return Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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The company has a number of ambitious projects but it doesn’t have cash and the BIG Q remains where they will get the cash:
•KES 60B for Two Rivers project, Runda
•KES 6.8B to invest in four new companies in power, telecoms, financial services and manufacturing sectors in Kenya, Uganda, and Rwanda
With the current market sentiments, a rights issue will not do. So, how will they get these funds?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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No dividend, No bonus, unethical CEO & the CEO selling his shares. Such doesn’t auger well with the market.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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mwekez@ji wrote:No dividend, No bonus, unethical CEO & the CEO selling his shares. Such doesn’t auger well with the market. The CEO owned too few shares in CENTUM. To me if he sells or not is neither here nor there unless he had 2M plus shares in the company.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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PKoli wrote:mwekez@ji wrote:No dividend, No bonus, unethical CEO & the CEO selling his shares. Such doesn’t auger well with the market. The CEO owned too few shares in CENTUM. To me if he sells or not is neither here nor there unless he had 2M plus shares in the company. The signal he has sent by selling the shares is very negative. If he was on the buying side, the signal would be very different.
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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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mwekez@ji wrote:PKoli wrote:mwekez@ji wrote:No dividend, No bonus, unethical CEO & the CEO selling his shares. Such doesn’t auger well with the market. The CEO owned too few shares in CENTUM. To me if he sells or not is neither here nor there unless he had 2M plus shares in the company. The signal he has sent by selling the shares is very negative. If he was on the buying side, the signal would be very different. You're right @mwekezaji, it's about the perception. There is also no incentive to hold on to this stock for the long-term... except maybe rosy promises from management The harder you work, the luckier you get
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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mwekez@ji wrote:The company has a number of ambitious projects but it doesn’t have cash and the BIG Q remains where they will get the cash:
•KES 60B for Two Rivers project, Runda
•KES 6.8B to invest in four new companies in power, telecoms, financial services and manufacturing sectors in Kenya, Uganda, and Rwanda
With the current market sentiments, a rights issue will not do. So, how will they get these funds?
What about Bonds Thieves
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Is it the right time to buy CENTUM?
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