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Christopher Kirubi buying additional Centum shares
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mwekez@ji
#11 Posted : Friday, September 20, 2013 8:32:27 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
sparkly wrote:
mwekez@ji wrote:
Christopher Kirubi on Wednesday 18th September 2013 served Centum with a notice to acquire an additional 32.66 million shares. Dr Kirubi together with associated companies controls 24.99 percent of the total issued ordinary shares and the additional shares will see him control 29.90 percent. He has applied for an exemption from complying with the requirement to make a take-over offer. The shares shall be sourced from the secondary market and based on yesterday’s closing price of KES 24.00 he is expected to pay approximately KES 734 million. (Source: D&B)


Does he know something we don't know? Hint: planning for capital gains tax.


He is exuding a lot of confidence in the counter. His Target Price is over 100 bob

Quote:
“There is a lot of value in Centum. If you offered me a price of Sh100 for each of Centum’s shares, I would not sell to you,” Mr Kirubi said at the firm’s recent investor briefing. >>> http://www.businessdailyafrica....14/-/7cau8o/-/index.html
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King G
#12 Posted : Friday, September 20, 2013 8:36:07 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Will hype the share, call wanjiku in then sale and buy again at some dip. Chris is a guru in this.
Thieves
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mwekez@ji
#13 Posted : Friday, September 20, 2013 8:45:32 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Realtreaty wrote:
d'oh! I waited for Centum while it was in garage at 14 hoping to buy one day. But now it is in air at 26 and ascending to the cruising level with belts and no smoking lights illuminating mening it could touch its original height of 40 in coming months. If you see ants moving fast prepare for planting season. The dude know what they meant by dividends and.... will be paid in 2014 after few years freeze.!!!!! :D


@Realtreaty, the rally is not about dividend. Centum has explicitly said the no-dividend-policy will continue beyond 2014
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Am
#14 Posted : Friday, September 20, 2013 9:00:50 AM
Rank: Veteran

Joined: 2/21/2012
Posts: 1,739
kizee1 wrote:
Chaka wrote:
kizee1 wrote:
cant get any info anywhere on this

im calling fake on this story, post a link or otherwise to verify


@kizee1,
The gentleman has put a small Ad in today's DN
I don't have the paper nearby so cannot point you the page..



thanks chaka

apols for calling you out falsely OP

nation page 40,very small indeed!


Story on Business daily today, Page 8
Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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mwekez@ji
#15 Posted : Friday, September 20, 2013 9:24:30 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
25 to turn from resistance to support¿ cc @hisah
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muganda
#16 Posted : Friday, September 20, 2013 9:25:47 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Am wrote:
Story on Business daily today, Page 8


http://www.businessdailyafrica....14/-/7cau8o/-/index.html

No dividend beyond 2014 mwekez@ji, hmmmn...
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mwekez@ji
#17 Posted : Friday, September 20, 2013 9:38:55 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
muganda wrote:
Am wrote:
Story on Business daily today, Page 8


http://www.businessdailyafrica....14/-/7cau8o/-/index.html

No dividend beyond 2014 mwekez@ji, hmmmn...


;-) cc @Realtreaty
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2012
#18 Posted : Friday, September 20, 2013 9:40:41 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Yaani one Kenyan investor can make a counter shoot up by over 20%! Interesting. I still think this is overreacting.

BBI will solve it :)
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mwekez@ji
#19 Posted : Friday, September 20, 2013 9:48:51 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
2012 wrote:
Yaani one Kenyan investor can make a counter shoot up by over 20%! Interesting. I still think this is overreacting.


@2012. Its not just another investors.

Dr. Christopher J. Kirubi (71yrs) (largest individual investor in Centum)

•Dr. Christopher J. Kirubi has been a non-executive Director since December 1997, he served as Chairman of the Board between 1998 and 2003.
• He is the Chairman of Centum Investment Committee.
• He is a well known Kenyan industrialist with interest in FMCG, media and communications.
• He is a graduate of Insead and the Harvard Business School.
• He was appointed a director Harvard Business School in 2012.
• He is the Chairman of DHL World Wide Express Limited, Haco Industries Kenya Limited, Kiruma International Limited, International House Limited, Nairobi Bottlers Limited, Sandvik East Africa Limited and Capital FM.
• He is Non-executive director of Bayer East Africa Limited, UAP Provincial Insurance Company Limited and Beverage Services of Kenya Limited.
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  | | Edit by user: Friday, September 20, 2013 9:51 AM | Reason: Not specified
King G
#20 Posted : Friday, September 20, 2013 9:51:34 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
mwekez@ji wrote:
2012 wrote:
Yaani one Kenyan investor can make a counter shoot up by over 20%! Interesting. I still think this is overreacting.


@2012. Its not just another investors.

Dr. Christopher J. Kirubi (71yrs)(largest individual investor in Centum

•Dr. Christopher J. Kirubi has been a non-executive Director since December 1997, he served as Chairman of the Board between 1998 and 2003.
• He is the Chairman of Centum Investment Committee.
• He is a well known Kenyan industrialist with interest in FMCG, media and communications.
• He is a graduate of Insead and the Harvard Business School.
• He was appointed a director Harvard Business School in 2012.
• He is the Chairman of DHL World Wide Express Limited, Haco Industries Kenya Limited, Kiruma International Limited, International House Limited, Nairobi Bottlers Limited, Sandvik East Africa Limited and Capital FM.
• He is Non-executive director of Bayer East Africa Limited, UAP Provincial Insurance Company Limited and Beverage Services of Kenya Limited.


Impresive.

But dont forget Uchumi, Kenatco and others we dont know.
Thieves
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