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Centum pays out KSH 1 billion to employees
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streetwise
#11 Posted : Wednesday, September 16, 2015 9:19:27 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Well said, I will go with Saf
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Ericsson
#12 Posted : Wednesday, September 16, 2015 9:29:44 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Safaricom 2015 share price appreciation is 7.829% and they gave a dividend of 64 cents per share.
Centum down 25% and no dividend
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Metasploit
#13 Posted : Wednesday, September 16, 2015 9:46:03 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
For once i will agree with Obiero on the list of NSE shares not to touch..

#Golden handcuffs

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Metasploit
#14 Posted : Wednesday, September 16, 2015 9:50:19 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
The company, which has frozen dividend payments, says its chief emphasis is on maximising shareholder wealth.:-

It is expected that an increase in net asset value should be matched by a rising share price, boosting shareholder wealth which investors can realise by selling all or part of their shares listed on the Nairobi bourse.

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Othelo
#15 Posted : Wednesday, September 16, 2015 9:56:09 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
So you have to sell your shares to reap anything.... okay!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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stock.enigma
#16 Posted : Wednesday, September 16, 2015 10:12:16 AM
Rank: Member

Joined: 8/14/2009
Posts: 244
You only earn if you sell today. KQ was sh 100 at some time. Now you know what is the price if you didn't sell then. Employees and directors earn salary and allowances, and on top, hefty bonuses. Nothing is paid to investors. I don't agree with this strategy and for that reason, am OUT.
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instinct
#17 Posted : Wednesday, September 16, 2015 11:08:20 AM
Rank: Member

Joined: 8/17/2007
Posts: 294
kryptonite wrote:
streetwise wrote:
I think there is something not right if the employees keep on earning bonuses year on year while the investor is told of capital gain which is not that great and which can actually get washed away.

At the end the employee will have his money in the bank and the investor little to show for the patience he so much demonstrated by waiting ten or so year.




I beg to differ. When they postponed paying out dividends, the stock was circa 12.50, so there have been significant capital gains since then. Secondly, what better vote of confidence do you need in the business than employees with 'skin' in the game? Besides, these bonuses are performance-based, not guaranteed.

The cash payout is not automatic and is subject to further conditions including maintaining or increasing the shareholders’ wealth each year.

“It focuses the staff on performance. Everyone at Centum works like they are running their own business,” said Mr Mworia.



I hope the measure of shareholder wealth is share price..and not some "cookable" method. and btw why cant they be given shares so that we are on the same side i.e. shareholders and management. why do they get assured cash while as a shareholder i spend sleepless nights as to where the share price will be tomorrow?

and are such decisions subjected to an AGM or they decide what they get?
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heri
#18 Posted : Wednesday, September 16, 2015 11:24:56 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
How does one get employed there? i need a job at Centum

i work for a multinational but a bonus of kshs 1B is probably what my employer will ever pay in 30 years!
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drake
#19 Posted : Wednesday, September 16, 2015 12:38:46 PM
Rank: Member

Joined: 8/8/2009
Posts: 170
@instinct

See link below for story - 'Centum CEO rises to top ten shareholders with stock purchase' 17/August/2015

http://www.businessdaily...4/-/fkv6cp/-/index.html

"...chief executive James Mworia has acquired four million shares worth Sh207.4 million in the investment company, breaking into the list of the firm’s top 10 shareholders."



There is proper alignment as the firm's leadership and the rest of the team are ACCUMULATING shares in the open market..

What skeptics should consider is the likelihood of the team executing a management-led buy-out of minorities and perhaps a de-listing of the company altogether...don't get left behind.. BUY
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moneydust
#20 Posted : Wednesday, September 16, 2015 12:42:41 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
streetwise wrote:
I think there is something not right if the employees keep on earning bonuses year on year while the investor is told of capital gain which is not that great and which can actually get washed away.

At the end the employee will have his money in the bank and the investor little to show for the patience he so much demonstrated by waiting ten or so year.


This is at the heart of the matter..the employees renumeration is not aligned with that of the investor.
In the end the investor will get shafted as the employee smiles all the way to the bank.
In such a case what will stop the employees from cooking the books to get their reward while the investor is none the wiser?
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