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Centum pays out KSH 1 billion to employees
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kasibitta
#61 Posted : Thursday, September 17, 2015 9:40:46 AM
Rank: Member

Joined: 2/7/2014
Posts: 155
At this rate,it is better being an employee than an investor.what are we teaching upcoming generation?
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Horton
#62 Posted : Thursday, September 17, 2015 9:42:20 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Saw on twirra djck said if we can give employees 1b what can we not do for shareholders, watch this space he says one big happy family he says.
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ngapat
#63 Posted : Thursday, September 17, 2015 9:51:19 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
It doesn't matter what they can do to shareholders, the fact remains the employees unfairly enriching themselves with shareholders funds which should be reinvested as per the company strategy

“Invest in yourself. Your career is the engine of your wealth.”
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Angelica _ann
#64 Posted : Thursday, September 17, 2015 10:18:56 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
This is great motivation to staff to keep working hard & increasing shareholders' wealth. Keeps staff on their toes!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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dunkang
#65 Posted : Thursday, September 17, 2015 10:29:47 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Angelica _ann wrote:
This is great motivation to staff to keep working hard & increasing shareholders' wealth. Keeps staff on their toes!

Laughing out loudly Laughing out loudly

Dream on dreaming on!

The bonuses are a percentage of the gains on NAV. So, can we get the breakdown of how much NAV have grown over the years.

I strongly sense that this gains are imaginary and/or not attributable to the employees. A good example is that REA Vipingo land in Kilifi, where the value of the land will be BLOWN UP like 5 million bobs per acre. I also think the employees have already pocketed bonuses on Two Rivers, yet the project has not been completed.

Remember what happened at TransCentury Ltd when they disposed of Kenya Railways. The management was getting bonuses on gains that did not exist.

Lesson Learnt.
Receive with simplicity everything that happens to you.” ― Rashi

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ngapat
#66 Posted : Thursday, September 17, 2015 10:39:32 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
This is what happens when employees think that they are doing share holders a favour by increasing NAV of a company.

If they are to give bonuses, it should be capped and not a percentage of value increase.
“Invest in yourself. Your career is the engine of your wealth.”
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ProverB
#67 Posted : Thursday, September 17, 2015 10:40:29 AM
Rank: Veteran

Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
..UAP Holdings has posted a Sh449
million net loss in its 2015 half year results
compared to Sh53.8 million net profit recorded
over the same period in 2014...

The employee at centum who closed the deal that saw OMAM buy the 13% UAP stake held by Centum in effect made centum KES 5.2 billion from that single deal.

How would you reward your analysts if they flipped a loss making investment for 5.2 billion in profit?

If the cadre of analysts you employ can do this for you.. how would you encourage them to do more and better yet remain loyal?
...unlike BRITAM where smart guys felt unappreciated and decided to bounce as a unit of their own?

The bonuses are Ok as a cost of creating shareholder wealth. dividend funds reinvested boost shareholder wealth of entire company.

Centum does what you and I do here. Research and analyse best investment opportunities. but unlike you and I, they have access to billions of capital outlay in form of shareholders' funds. you and I just have our savings...or chama cash to play with.

If you had billions in cash and I helped you make billions more..you would reward me to keep me. way beyond salary. Ask Acorn guys

Thank you for selling.

#HappyInvesting
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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sparkly
#68 Posted : Thursday, September 17, 2015 10:45:43 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
If employees are getting bonuses of KShs 1B, sembuse Directors???? Are they waiting for dividends in 2030 like the rest of the shareholders? My head spins just from thinking of the many ways the DJ and his fellow insider Directors can screw over minority shareholders.
Life is short. Live passionately.
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MaichBlack
#69 Posted : Thursday, September 17, 2015 10:47:46 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,838
5.2 Billion PROFIT???? They bought the stake at how much and sold at how much? After how long?
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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dunkang
#70 Posted : Thursday, September 17, 2015 10:48:20 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
ProverB wrote:
..UAP Holdings has posted a Sh449
million net loss in its 2015 half year results
compared to Sh53.8 million net profit recorded
over the same period in 2014...

The employee at centum who closed the deal that saw OMAM buy the 13% UAP stake held by Centum in effect made centum KES 5.2 billion from that single deal.

How would you reward your analysts if they flipped a loss making investment for 5.2 billion in profit?

If the cadre of analysts you employ can do this for you.. how would you encourage them to do more and better yet remain loyal?
...unlike BRITAM where smart guys felt unappreciated and decided to bounce as a unit of their own?

The bonuses are Ok as a cost of creating shareholder wealth. dividend funds reinvested boost shareholder wealth of entire company.

Centum does what you and I do here. Research and analyse best investment opportunities. but unlike you and I, they have access to billions of capital outlay in form of shareholders' funds. you and I just have our savings...or chama cash to play with.

If you had billions in cash and I helped you make billions more..you would reward me to keep me. way beyond salary. Ask Acorn guys

Thank you for selling.

#HappyInvesting


And how about the shareholders?
Receive with simplicity everything that happens to you.” ― Rashi

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