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mibbz
#141 Posted : Sunday, November 30, 2014 12:30:33 PM
Rank: Member

Joined: 2/18/2011
Posts: 448
jwatesh wrote:
Realtreaty wrote:

Pray Investment group Centum has been temporarily stopped from signing a Sh174 billion coal power generation contract until a petition filed by a rival bidder is determined.
Justice Mumbi Ngugi on Thursday ruled that the High Court has the power to issue the orders requested by HCIG-Liketh, which has challenged the decision to award the multi-billion shilling tender to the Centum-Gulf Energy consortium.
The judge, however, threw out a petition by the losing bidder, which claimed that the tender award had violated its constitutional rights.
The appeal against award of the tender to the Centum consortium will, therefore, be heard before the petition committee.
Pray Sad

Kirubi will handle this


I decided(and started) to wage all my savings and work into this company with a 5 year plan of making circa 7 times return on my portfolio.I've even put on hold plans to take a mortgage and instead load up on this as my mortgage.

In Mworia we believe and in Kirubi we trust.
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Realtreaty
#142 Posted : Monday, December 01, 2014 3:48:54 AM
Rank: Elder

Joined: 8/16/2011
Posts: 2,387
The Ministry of Energy has denied that it bent tendering rules in favour of one bidder in the multi-billion shilling coal power plant contract.
Energy principal secretary (PS) Joseph Njoroge says in a replying affidavit to one of the losing bidders’ petition that the tender committee decided to re-evaluate the seven bidders who had been knocked out of the race, including Centum, after it found that some documents were not available at the close of the bidding period.
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Mainat
#143 Posted : Monday, December 01, 2014 11:24:20 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
1.5bn shares just changed hands. Is Kirubi cashing in his gains for the year?
Ama tender case has discovered the money trail from ching to kerching?
Sehemu ndio nyumba
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meshaque
#144 Posted : Monday, December 01, 2014 11:46:57 AM
Rank: Member

Joined: 6/17/2008
Posts: 36
Location: Nairobi
Mainat wrote:
1.5bn shares just changed hands. Is Kirubi cashing in his gains for the year?
Ama tender case has discovered the money trail from ching to kerching?



Its 25.1 Million shares @ 61 worth 1.5 BILLION
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streetwise
#145 Posted : Monday, December 01, 2014 12:19:10 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
A handsome amount and meaning 3.7% of the company changed hands
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  | | Edit by user: Monday, December 01, 2014 12:31 PM | Reason: Not specified
The optimist
#146 Posted : Monday, December 01, 2014 7:47:34 PM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
streetwise wrote:
A handsome amount and meaning 3.7% of the company changed hands


That was Huge. The question will always be, who's the bigger fool? The seller or the buyer? Or is it the spectator!
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littledove
#147 Posted : Wednesday, December 03, 2014 9:15:17 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
http://www.businessdailyafrica.com/Centum-trades-Sh1-5bn-shares-as-buyers-lock-gains-/-/539552/2542684/-/l8fi7d/-/index.html
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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muganda
#148 Posted : Monday, December 08, 2014 5:44:58 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Centum is pleased to announce its intended acquisition of an additional 3% shareholding in Almasi Beverages Limited (“Almasi”) bringing our total shareholding to 50.95% of the issued share capital of the company and resulting in Almasi becoming a subsidiary of Centum Investment Company Limited

http://centum.co.ke/index.php/c...almasi-beverages-limited
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The optimist
#149 Posted : Monday, December 08, 2014 10:31:21 PM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
muganda wrote:
Centum is pleased to announce its intended acquisition of an additional 3% shareholding in Almasi Beverages Limited (“Almasi”) bringing our total shareholding to 50.95% of the issued share capital of the company and resulting in Almasi becoming a subsidiary of Centum Investment Company Limited

http://centum.co.ke/index.php/c...almasi-beverages-limited

Good but we're still clutching on the hope that Rea Vipingo plantation acquisition and the Lamu coal power project are ruled in favour of Centum.
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TheGeek
#150 Posted : Tuesday, December 09, 2014 10:04:51 AM
Rank: Member

Joined: 7/3/2014
Posts: 245
The optimist wrote:
muganda wrote:
Centum is pleased to announce its intended acquisition of an additional 3% shareholding in Almasi Beverages Limited (“Almasi”) bringing our total shareholding to 50.95% of the issued share capital of the company and resulting in Almasi becoming a subsidiary of Centum Investment Company Limited

http://centum.co.ke/index.php/c...almasi-beverages-limited

Good but we're still clutching on the hope that Rea Vipingo plantation acquisition and the Lamu coal power project are ruled in favour of Centum.


I am inclined to think it is a deliberate company policy to have as many material announcements as possible or rather keep centum in the news as much as possible.
In the world of securities, courage and patience become the supreme virtues after adequate knowledge and a tested judgment are at hand.
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