And the worst part is that the way this is set up, they don't have to double shareholders wealth - in real sense or on paper (cooked) - to double their bonus!!!

This is wrong on so many levels. Biggest losers? Shareholders!!!

I sense this bonuses are been paid against imaginary (non-existent, cooked up) gains in NAV. One day they will run out of loopholes and ENRON will be here with us, live live.

At Samsung, the employees are paid very low, and the bonuses assists them live better (Though most shareholders oppose this arrangement). Samsung has a 1% div. Yield policy and that's why its share price never improves. So shareholders suffer.

Back to CENTUM, this employees must be making millions in salaries and allowances, and then they are added millions in bonuses. This is worse than what happens at Barclays Bank UK.

I remember Uchumi was pumped up so much including issuing of rights that the share was at 22.00 when the Dj suddenly sold his shares and in the same week Uchumi was dead .

Buyer be aware..when you see these signs know the end is near.

Centum ni kama embe. Wewe ukingoja liive, mwenzako alila na chumvi!!!

centum is buying 9646 acres of land from rea vipingo at a price of kshs 180,000 per acre. They will probably value this land at kshs500,000 and gift themselves with bonus out of these unrealized capital gains.

Are they employees cum Brokers?
They buy land using shareholders capital and pocket the capital gains on land appreciation while the share holder is told to wait, not forgetting that they are also receiving hefty salaries.

Shareholders need to reject this bonus payments unanimously.

Can shareholders have a say on this?