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Centum impressive FY 2015 profit before tax up 120%

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uchumi		#1 Posted : Wednesday, June 17, 2015 8:55:24 AM
Rank: Member Joined: 9/16/2006 Posts: 234		centum posts impressive results Assets 41.2b Profit rise 160% “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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mv_ufanisi		#2 Posted : Wednesday, June 17, 2015 10:00:18 AM
Rank: Member Joined: 1/15/2010 Posts: 625		Here's a snippet from NIC Centum Full year Results- Centum’s portfolio diversified to an additional 5 sectors in 2015. Under the energy sector the company has invested in Amu and Akiira power plants. In financial services, Centum acquired 65% controlling stake in K-Rep bank.. In FMCG Centum acquired controlling stake in Almasi beverages and formed King Beverage, a company that distributes Carlsberg in Kenya. The company’s credit rating improved from A- to A in this financial period Centum exited UAP at KES 180 per share realizing over KES 5bn. It also exited investments in 2 PE funds realizing about KES 500mn. PAT went up by 160% from KES 3bn to 7.9bn. Total assets went up by 43% from KES 28.8bn to KES 41.2bn. The company also recorded a 39% increase in net asset value. Going forward the plan is to open the 2 Rivers Mall in the 2015/2016 financial period and to complete phase one of Pearl Marina.
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mv_ufanisi		#3 Posted : Wednesday, June 17, 2015 10:04:19 AM
Rank: Member Joined: 1/15/2010 Posts: 625		My expectation is that the share price retreats in the short-term. These are not the hey days of bull market when good news is immediately priced in. This will test the short term investors and some will sell at a loss.
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enyands		#4 Posted : Wednesday, June 17, 2015 10:07:54 AM
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya		mv_ufanisi wrote: Here's a snippet from NIC Centum Full year Results- Centum’s portfolio diversified to an additional 5 sectors in 2015. Under the energy sector the company has invested in Amu and Akiira power plants. In financial services, Centum acquired 65% controlling stake in K-Rep bank.. In FMCG Centum acquired controlling stake in Almasi beverages and formed King Beverage, a company that distributes Carlsberg in Kenya. The company’s credit rating improved from A- to A in this financial period Centum exited UAP at KES 180 per share realizing over KES 5bn. It also exited investments in 2 PE funds realizing about KES 500mn. PAT went up by 160% from KES 3bn to 7.9bn. Total assets went up by 43% from KES 28.8bn to KES 41.2bn. The company also recorded a 39% increase in net asset value. Going forward the plan is to open the 2 Rivers Mall in the 2015/2016 financial period and to complete phase one of Pearl Marina. good impressive results . Still no bonus till five years are over right
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Ericsson		#5 Posted : Wednesday, June 17, 2015 10:11:16 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		The huge rise is due to a one off gain from the disposal of stake in UAP. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ericsson		#6 Posted : Wednesday, June 17, 2015 10:16:03 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		The huge rise in profits is due to the sale of UAP stake which is a one off gain. How do the cash flows or cash at hand look like Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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mlennyma		#7 Posted : Wednesday, June 17, 2015 10:33:25 AM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		Ericsson wrote: The huge rise is due to a one off gain from the disposal of stake in UAP. what goodies have they proposed to the shareholder? "Don't let the fear of losing be greater than the excitement of winning."
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muganda		#8 Posted : Wednesday, June 17, 2015 11:15:05 AM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		mlennyma wrote: Ericsson wrote: The huge rise is due to a one off gain from the disposal of stake in UAP. what goodies have they proposed to the shareholder? @Ericsson, insightful and true. Net Asset Value was up a more reasonable 39% http://www.centum.co.ke/downloa...efing%20Presentation.pdf @mlennyma, goodies are only Centum 3.0, bragging rights and share price growth
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The optimist		#9 Posted : Wednesday, June 17, 2015 11:24:01 AM
Rank: Member Joined: 6/14/2010 Posts: 521 Location: Nairobi		uchumi wrote: centum posts impressive results Assets 41.2b Profit rise 160% Centum tweeting wrong results of its own! PAT grew 160% while PBT grew 120%. Adept Tranport Services
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Ericsson		#10 Posted : Wednesday, June 17, 2015 11:45:40 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI		@mlennyma Shareholder anaumia ata mnofi ya nyama hakuna. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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