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UAP Group set to enter OTC shares market
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maka
#61 Posted : Wednesday, January 07, 2015 10:48:16 PM
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Joined: 4/22/2010
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Location: Nairobi
smile kching ching...
possunt quia posse videntur
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Ericsson
#62 Posted : Thursday, January 08, 2015 11:19:00 AM
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Joined: 12/4/2009
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UAP reduces stake in Centum;
http://www.businessdaily...4/-/hddvfmz/-/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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maka
#63 Posted : Thursday, January 08, 2015 11:56:58 AM
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Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
[quote=Ericsson]UAP reduces stake in Centum;
http://www.businessdaily.../-/hddvfmz/-/index.html[/quote]

Something in the pipeline watch this space...
possunt quia posse videntur
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Ericsson
#64 Posted : Thursday, January 08, 2015 10:23:54 PM
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Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Chris Kirubi has sold his entire 9.5% stake in UAP to Old Mutual Group.
Centum will also be disposing off the 13.7% stake it holds in UAP Group holdings to Old Mutual.
Old Mutual Group will then hold a 23.3% stake in UAP
http://www.nation.co.ke/...76/-/98l7j7/-/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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jerry
#65 Posted : Thursday, January 08, 2015 11:57:48 PM
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Joined: 9/29/2006
Posts: 2,570
maka wrote:
[quote=Ericsson]UAP reduces stake in Centum;
http://www.businessdaily.../-/hddvfmz/-/index.html[/quote]

Something in the pipeline watch this space...

and UAP is now valued at 140/= a share!
The opposite of courage is not cowardice, it's conformity.
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Ericsson
#66 Posted : Friday, January 09, 2015 8:23:28 AM
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Location: NAIROBI
Centum has run out of cash to finance their projects and have reached debt ceiling so now they are selling stakes here and there to raise money.
hence there is nothing spectacular about this transaction.
Old Mutual meanwhile are loaded with alot of cash from the pension schemes money and individual pension schemes money.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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streetwise
#67 Posted : Friday, January 09, 2015 8:28:33 AM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
May be my eye Centum is Chris and Chris is Centum. What is in there for any other investor
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Mart_Consult
#68 Posted : Friday, January 09, 2015 9:16:59 AM
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Joined: 11/7/2013
Posts: 127
Location: Nairobi, Kenya
Ericsson wrote:
Centum has run out of cash to finance their projects and have reached debt ceiling so now they are selling stakes here and there to raise money.
hence there is nothing spectacular about this transaction.
Old Mutual meanwhile are loaded with a lot of cash from the pension schemes money and individual pension schemes money.


I doubt it...Centum owns Genesis, an asset Management firm, same way Old Mutual has asset management funds...

There's something else cooking...wait for further announcements in the coming months if they materialize...
I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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Ericsson
#69 Posted : Friday, January 09, 2015 10:11:39 AM
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Joined: 12/4/2009
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Location: NAIROBI
@Mart_Consult
The genesis money can't be used by Centum for the projects they are undertaking otherwise it will bring war with Retirement Benefits Authority.They only benefit through the commission fees and share of profits.
Old Mutual also has an insurance division and is a diversified financial services group with a cash rich parent compared to Centum.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Mart_Consult
#70 Posted : Friday, January 09, 2015 11:00:24 AM
Rank: Member

Joined: 11/7/2013
Posts: 127
Location: Nairobi, Kenya
Ericsson wrote:
@Mart_Consult
The genesis money can't be used by Centum for the projects they are undertaking otherwise it will bring war with Retirement Benefits Authority.They only benefit through the commission fees and share of profits.
Old Mutual also has an insurance division and is a diversified financial services group with a cash rich parent compared to Centum.


Fair enough.

Enter Nabo Capital...

Old Mutual though seems to be aggressively acquiring equity in Kenyan firms...including the purchase of Safaricom shares (among largest institutional shareholders currently)

Centum is a college kid while Old Mutual is an experienced adult..both hustle but you can't compare the two...
I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
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