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Christopher Kirubi buying additional Centum shares
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maka
#41 Posted : Thursday, September 26, 2013 12:53:50 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
the deal wrote:
This thing is gone...I still dont understand why he had to announce before buying...if anything getting the shares now will be hard since everyone would want to sell at a premium...anyways he already has a substantial stake...he could be propping up his stake in the process...the only losers here are those who will buy at the top.

Procedural:The regulator requires investors who own more than a quarter of a Nairobi bourse-listed firm to state whether they intend to take full control of a company when buying stocks equivalent to at least five per cent in it. The shares Mr Kirubi is targeting in Centum are equivalent of five per cent stake.
possunt quia posse videntur
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Kausha
#42 Posted : Friday, September 27, 2013 2:57:55 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
Only ICDC, Kiribu and UAP have 5% or more shareholding in Centum. It can only be one of the two selling. I think it's not rocket science to pick out which.
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mwekez@ji
#43 Posted : Saturday, September 28, 2013 12:32:39 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
CK buying the available shares from whoever stamps alot of confidence in the counter. It is also very notable that the amount CK has set aside for this additional investment is substantial (a whopping KES 1B!!!). Brokers have begun restating their BUY recommendation on this counter #Following
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Pesa Nane
#44 Posted : Saturday, September 28, 2013 12:48:49 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
maka wrote:
the deal wrote:
This thing is gone...I still dont understand why he had to announce before buying...if anything getting the shares now will be hard since everyone would want to sell at a premium...anyways he already has a substantial stake...he could be propping up his stake in the process...the only losers here are those who will buy at the top.

Procedural:The regulator requires investors who own more than a quarter of a Nairobi bourse-listed firm to state whether they intend to take full control of a company when buying stocks equivalent to at least five per cent in it. The shares Mr Kirubi is targeting in Centum are equivalent of five per cent stake.

True that but nowhere does it state that it has to be preached atop the hill... "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 -DJ CK”
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#45 Posted : Saturday, September 28, 2013 12:51:48 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
mwekez@ji wrote:
CK buying the available shares from whoever stamps alot of confidence in the counter. It is also very notable that the amount CK has set aside for this additional investment is substantial (a whopping KES 1B!!!). Brokers have begun restating their BUY recommendation on this counter #Following

Suntra Research Buy List wrote:
Within the year the company has undertaken major diversification and expansion strides. The company acquired 45% of Platcorp holdings a micro lender with presence in Kenya Uganda and Tanzania.
Mid this year the company got a CMA fund management license for Centum Asset Managers
Limited and intends to boost its fund management capacity by acquiring a controlling stake in
Genesis Kenya Investment Management Ltd of up to 73.35%. Genesis is a licensed fund management and investment advisory company for institutional, local and foreign investors.
Through Mvuke Power Ltd, a wholly owned subsidiary, Centum is looking to venture into power
distribution which is one on the underutilized and profitable sectors in the country.
The company also witnessed the ground breaking of the commercial development Two Rivers
project in Runda.
The success of these strategic projects is expected to grow the company’s revenue and hence
valuation in the medium to long term. In the last financial year, centum grew their revenues by
2.5X to Kes 1.9mn and a PAT of Kes 2.4mn up 2.2X. The share is currently trading at 1.1X its
book value suggesting some room for growth. The company is expected to release its half year
results in the next two months or so.
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#46 Posted : Wednesday, October 02, 2013 10:39:11 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Where are those volumes mr. DJ?
Pesa Nane plans to be shilingi when he grows up.
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muganda
#47 Posted : Wednesday, October 02, 2013 11:30:57 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Pesa Nane wrote:
Where are those volumes mr. DJ?


Don't ask what Mr.DJ will do for you, ask instead what You can do for the share price of ICDC smile
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  | | Edit by user: Wednesday, October 02, 2013 11:32 AM | Reason: Not specified
maka
#48 Posted : Thursday, October 03, 2013 1:21:43 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Pesa Nane wrote:
maka wrote:
the deal wrote:
This thing is gone...I still dont understand why he had to announce before buying...if anything getting the shares now will be hard since everyone would want to sell at a premium...anyways he already has a substantial stake...he could be propping up his stake in the process...the only losers here are those who will buy at the top.

Procedural:The regulator requires investors who own more than a quarter of a Nairobi bourse-listed firm to state whether they intend to take full control of a company when buying stocks equivalent to at least five per cent in it. The shares Mr Kirubi is targeting in Centum are equivalent of five per cent stake.

True that but nowhere does it state that it has to be preached atop the hill... "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 -DJ CK”


He is lucky we arent under MAD...
possunt quia posse videntur
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VituVingiSana
#49 Posted : Thursday, October 17, 2013 11:22:00 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Is DJ CK the buyer behind the large blocks? And the price seems to be headed towards 30.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Mainat
#50 Posted : Thursday, October 17, 2013 12:09:37 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Repricing due to dividend resumption and aggressive re-orientation into real estate
Sehemu ndio nyumba
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