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Centum impressive FY 2015 profit before tax up 120%
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heri
#41 Posted : Thursday, August 20, 2015 3:11:36 PM
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heri
#42 Posted : Thursday, August 20, 2015 3:30:43 PM
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heri
#43 Posted : Thursday, August 20, 2015 3:42:34 PM
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moneydust
#44 Posted : Thursday, August 20, 2015 5:03:04 PM
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Ericsson wrote:
http://www.businessdailyafrica.com/Corporate-News/Centum-profit-jumps-to-Sh7-9bn-on-sale-of-UAP/-/539550/2755584/-/yrnm6u/-/index.html

Just like I said;profits are now being propped up by asset sales.
Yet the company still has negative cash flow;do I see another Uchumi in the making.
In the investing world;cashflow is a very important determinant in the stability of a company.
Some of those projects being mentioned I doubt whether the company has the necessary capital to undertake;this is a brokerage company in the making;no wonder shareholders get nothing in return


These have been my sentiments for awhile now..
Am especially afraid for their two river mall especially when it is judged against the current performance of Garden city Mall.This may turn out to be a white elephant or at the very least may not generate the necessary cashflow quickly enough.
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  | | Edit by user: Thursday, August 20, 2015 5:57 PM | Reason: Not specified
heri
#45 Posted : Thursday, August 20, 2015 5:39:01 PM
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@ Ericsson, i still do not understand why you said the cashflows were negative.
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heri
#46 Posted : Thursday, August 20, 2015 5:46:13 PM
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madebe
#47 Posted : Monday, September 14, 2015 8:37:33 AM
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can someone tell centum that their website is infect with a trojan virus. on that note iko mutu na their 2015 FY annual report?
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BGL
#48 Posted : Monday, September 14, 2015 10:29:07 AM
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Joined: 10/11/2009
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madebe wrote:
can someone tell centum that their website is infect with a trojan virus. on that note iko mutu na their 2015 FY annual report?


I have it. weka email.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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madebe
#49 Posted : Monday, September 14, 2015 3:40:37 PM
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Horton
#50 Posted : Monday, September 14, 2015 4:10:28 PM
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Its consistently beating the market. I dont see what all the dividend fuss is! Also negative cashflow, isnt that very normal for an investment company on the invest/growth trajectory? Dividends are overrated, i get a checque from companies sometimes with very menial amounts-the postage even isnt worth it! What centum is doing, is reinvesting my dividends and doing it well, bought at 18bob, now share at 50+ thats tripled quite nicely.


Only concern is, 2 rivers, i passed by last week, it doesnt look like it will be up and running by Oct 2015.
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  | | Edit by user: Monday, September 14, 2015 4:11 PM | Reason: Not specified
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