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Centum 2014 business card
enyands
#221 Posted : Thursday, March 26, 2015 7:16:08 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
Realtreaty wrote:
Win-win situation.....when fighting with your wife...just know how to handle the situation...no fighting...just keep quiet and let her feel she has won for you to win a double.
Now Centum can give some tastier scrip dividend or bonus so that we can cut the beards.smile


no dividends till four years are over . I'm sure bby then it will be 10 a share .
Pesa Nane
#222 Posted : Thursday, March 26, 2015 7:58:12 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Centum, REAT finally agree on Rea Vipingo buyout
Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#223 Posted : Thursday, March 26, 2015 8:22:38 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
enyands wrote:
Realtreaty wrote:
Win-win situation.....when fighting with your wife...just know how to handle the situation...no fighting...just keep quiet and let her feel she has won for you to win a double.
Now Centum can give some tastier scrip dividend or bonus so that we can cut the beards.smile


no dividends till four years are over . I'm sure bby then it will be 10 a share .

Berkshire Hathaway pays ZERO dividends.BRK A worth $220,000 per share.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
mv_ufanisi
#224 Posted : Thursday, March 26, 2015 8:36:18 PM
Rank: Member


Joined: 1/15/2010
Posts: 625
Nice. 9000+ acres. That is a heck a lot of land. Only the imagination can stop you. Good job Centum.
Ericsson
#225 Posted : Thursday, March 26, 2015 8:40:14 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
mv Ufanisi,9000 acres from where yet the land in question is 900 acres.
It should have been 9.646 acres.

No dividends but the top management are getting fat bonuses.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Angelica _ann
#226 Posted : Thursday, March 26, 2015 8:43:32 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
mv_ufanisi wrote:
Nice. 9000+ acres. That is a heck a lot of land. Only the imagination can stop you. Good job Centum.

Actually 10,500 acres.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
mv_ufanisi
#227 Posted : Thursday, March 26, 2015 8:46:54 PM
Rank: Member


Joined: 1/15/2010
Posts: 625
Ericsson wrote:
mv Ufanisi,9000 acres from where yet the land in question is 900 acres.
It should have been 9.646 acres.

No dividends but the top management are getting fat bonuses.


Read the news <link> http://www.capitalfm.co....-on-rea-vipingo-buyout/ </link>

These guys are hustlers and they deserve fat bonuses. They are not sitting on their hands waiting for the business to grow itself. This Rea case was basically a raid on Rea which creates lots of value unless something crazy happens in that place. Remember that Vipingo Golf is around there. No complaints. I would love to be in the boardroom discussing what to do with 9,646 acres of land in Vipingo. Possibilities are endless. You could build a new city from scratch on that land. Imagine competing with incompetent municipal councils. Dang!
enyands
#228 Posted : Thursday, March 26, 2015 9:31:08 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya

No dividends but the top management are getting fat bonuses.[/quote]

@pesanane here is part of the deal from the agreement of i can copy paste for you

" Centum acquires 9,646 acres of land in Vipingo at a price of KES 180,000 per acre and RVP’s subsidiary Vipingo Estates Limited which owns approximately 900 acres of land at a price of approximately Kes.340 million. The transaction prices totals to approximately KES 2.1 billion. According to the latest valuation commissioned by RVP, the market value of the land is KES 175,000 per acre;"



enyands
#229 Posted : Thursday, March 26, 2015 9:36:42 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
Ericsson wrote:
mv Ufanisi,9000 acres from where yet the land in question is 900 acres.
It should have been 9.646 acres.

No dividends but the top management are getting fat bonuses.

You don't need to care what the management rewards themselves. if you do you will be depressed . Just get content with your share and forget their fat bonuses otherwise you won't invest in them
Pesa Nane
#230 Posted : Thursday, March 26, 2015 9:53:19 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Centum Investor Update
Quote:

CENTUM INVESTMENT AND REA TRADING SETTLE REA VIPINGO PLANTATIONS TAKEOVER STALEMATE

Centum Investment Company Limited (“Centum”) and REA Trading Limited (“REAT”) have entered into a settlement agreement in relation to their two competing bids for takeover of Rea Vipingo Plantations Limited (“RVP”). REAT initially made a takeover offer to acquire all issued ordinary shares of RVP on 25th April 2014 while Centum made a competing takeover offer on 2nd May of the same year.
Centum subsequently filed an appeal before the Capital Markets Tribunal on 9th May 2014 challenging the decision by the Capital Markets Authority to approve REAT’s offer. The High Court issued an injunction blocking the takeover of Rea Vipingo as a result. The two competing parties entered into talks aimed at breaking the stalemate and came into a settlement agreement with the following salient features:
Centum acquires 9,646 acres of land in Vipingo at a price of KES 180,000 per acre and RVP’s subsidiary Vipingo Estates Limited which owns approximately 900 acres of land at a price of approximately Kes.340 million. The transaction prices totals to approximately KES 2.1 billion. According to the latest valuation commissioned by RVP, the market value of the land is KES 175,000 per acre;
Centum withdraws its takeover offer of RVP Limited and its appeal against the bid made by REAT before the CMA tribunal;
REAT will proceed with its takeover bid and it has indicated it will pay the full amount of an additional cash top-up of KES.15 per share, which together with its offer price of KES.70 per share, makes the total offer to RVP shareholders KES 85 per share.; and
RVP will keep ownership of and continue harvesting all the sisal currently growing on the land over its lifespan while areas with mature sisal that has been harvested will be available to Centum.
The proposed sales of land and RVP’s subsidiary, Vipingo Estates Limited, are subject to the shareholders of RVP passing an ordinary resolution at a general meeting to be held on 28th April
2015. REAT (which controls 57% of the issued shares of RVP) has undertaken to Centum to vote in favour of the resolution.
Speaking about the settlement, Centum CEO, James Mworia said, “The agreement reached is a win-win for all parties involved especially RVP shareholders who will benefit from the increased offer price of KES 85 and will therefore realize a higher price for their investment. Centum shareholders will also benefit from the acquisition by their company of a prime parcel of land in Vipingo.
Pesa Nane plans to be shilingi when he grows up.
Ericsson
#231 Posted : Thursday, March 26, 2015 11:26:08 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,628
Location: NAIROBI
From the REA case and settlement;Centum gave up and found they had no case.
There was no way the Robinow brothers were going to give up.What if they stuck to their guns;even if centum convinces the other shareholders;Robinow have 57%.
Robinow brothers just gave Centum a soft landing and the deal according to me has no material effect on the share price.
Add to the mix centum lack the necessary funds to undertake the takeover having committed their money elsewhere in two rivers and amu power.
Add to t
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Gatheuzi
#232 Posted : Friday, March 27, 2015 7:44:27 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
340M for 900acres means price per acre is 377K. So the valuation per acre of RVP is 175K, quite a premium of more than 200K per acre.

Perhaps the premium of getting the deal to go through to acquire the 9,646 acres at 180K per acre.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
VituVingiSana
#233 Posted : Friday, March 27, 2015 7:45:59 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
Gatheuzi wrote:
340M for 900acres means price per acre is 377K. So the valuation per acre of RVP is 175K, quite a premium of more than 200K per acre.

Perhaps the premium of getting the deal to go through to acquire the 9,646 acres at 180K per acre.
Depends where the 900 acres are. If they are closer to the road or is improved e.g. has boreholes, etc...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
watesh
#234 Posted : Friday, March 27, 2015 7:59:32 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 950
Location: Kenya
Since management are getting fat bonuses, our hands should also be greased with a kabonus
mv_ufanisi
#235 Posted : Friday, March 27, 2015 8:24:32 PM
Rank: Member


Joined: 1/15/2010
Posts: 625
I still remember when in sep 2013 I decided to go all in on this stock. If you have little capital whats the point of diversification? You have to play like a poker player. Max the gains by asset concentration not diversification.
Boris Boyka
#236 Posted : Friday, March 27, 2015 9:34:02 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
mv_ufanisi wrote:
I still remember when in sep 2013 I decided to go all in on this stock. If you have little capital whats the point of diversification? You have to play like a poker player. Max the gains by asset concentration not diversification.

"Diversification may preserve wealth, but
concentration builds wealth." -Warren
Buffett . However you have to be veeeery keen,up to date with information in addition to researched future perfomance of the company.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
VituVingiSana
#237 Posted : Friday, March 27, 2015 9:48:44 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
mv_ufanisi wrote:
I still remember when in sep 2013 I decided to go all in on this stock. If you have little capital whats the point of diversification? You have to play like a poker player. Max the gains by asset concentration not diversification.


@mv - You are going to become a Warren Buffett!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Realtreaty
#238 Posted : Monday, March 30, 2015 2:19:24 PM
Rank: Elder


Joined: 8/16/2011
Posts: 2,260
VituVingiSana wrote:
mv_ufanisi wrote:
I still remember when in sep 2013 I decided to go all in on this stock. If you have little capital whats the point of diversification? You have to play like a poker player. Max the gains by asset concentration not diversification.


@mv - You are going to become a Warren Buffett!

smile smile
Kirubi said he want to be a dollar billionaire, how near to that?
Will he suggest to increase Centum shares by giving a bonus 1 for every 5.
This year he should be generous...we have really prayed he become one of the Dollar Billionares.Pray Pray Pray Laughing out loudly Laughing out loudly
Gadaffi
#239 Posted : Monday, March 30, 2015 9:48:07 PM
Rank: Member


Joined: 2/13/2011
Posts: 284
Location: Nairobi
How is the co. financin these billion projects..r they borrowin or how r they doin it..
Aguytrying
#240 Posted : Monday, March 30, 2015 9:49:30 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Realtreaty wrote:
VituVingiSana wrote:
mv_ufanisi wrote:
I still remember when in sep 2013 I decided to go all in on this stock. If you have little capital whats the point of diversification? You have to play like a poker player. Max the gains by asset concentration not diversification.


@mv - You are going to become a Warren Buffett!

smile smile
Kirubi said he want to be a dollar billionaire, how near to that?
Will he suggest to increase Centum shares by giving a bonus 1 for every 5.
This year he should be generous...we have really prayed he become one of the Dollar Billionares.Pray Pray Pray Laughing out loudly Laughing out loudly


I'm sure in your dreams, all the stocks you hold issue bonuses smile
The investor's chief problem - and even his worst enemy - is likely to be himself
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