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Centum pays out KSH 1 billion to employees
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watesh
#171 Posted : Sunday, October 25, 2015 9:55:25 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
enyands wrote:
mv_ufanisi wrote:
Meanwhile this share is creeping slowly towards low 40s. According to the company PR (released during a bull market when shareholders were giddy), the shareholders that don't get dividends can always take money out by selling their stock on the open market. Small detail is that the share price is already down more than 20% for the year 2015. Pity those who bought into the hype when it was trading at 80s who are now down more than 40%. Shareholders and Management live in parallel universes.


DJ once mentioned that the after paying the employees one billion,the shareholders will be having a "surprise too". anyone who has been surprised since then?

Hahaha the share price drop was a nice surprise
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enyands
#172 Posted : Sunday, October 25, 2015 11:17:17 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
watesh wrote:
enyands wrote:
mv_ufanisi wrote:
Meanwhile this share is creeping slowly towards low 40s. According to the company PR (released during a bull market when shareholders were giddy), the shareholders that don't get dividends can always take money out by selling their stock on the open market. Small detail is that the share price is already down more than 20% for the year 2015. Pity those who bought into the hype when it was trading at 80s who are now down more than 40%. Shareholders and Management live in parallel universes.


DJ once mentioned that the after paying the employees one billion,the shareholders will be having a "surprise too". anyone who has been surprised since then?

Hahaha the share price drop was a nice surprise



total impunity ,
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Sir invest
#173 Posted : Monday, October 26, 2015 8:26:32 AM
Rank: Member

Joined: 8/19/2015
Posts: 125
And Kenyans are always warned not to touch where DJ is......rest u burn your fingers!!!
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Impunity
#174 Posted : Monday, October 26, 2015 9:30:31 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Sir invest wrote:
And Kenyans are always warned not to touch where DJ is......rest u burn your fingers!!!


But any kenyan who carefully follow dj's move can be very rich.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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lochaes
#175 Posted : Sunday, November 01, 2015 9:42:12 PM
Rank: New-farer

Joined: 6/30/2014
Posts: 86
Location: nairobi
Cash flow issues at Two rivers?
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mawinder
#176 Posted : Sunday, November 01, 2015 9:56:54 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
lochaes wrote:
Cash flow issues at Two rivers?

Why/link?
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lochaes
#177 Posted : Sunday, November 01, 2015 10:21:38 PM
Rank: New-farer

Joined: 6/30/2014
Posts: 86
Location: nairobi
mawinder wrote:
lochaes wrote:
Cash flow issues at Two rivers?

Why/link?


material suppliers have not been paid for a while now. No link. word on the ground
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enyands
#178 Posted : Sunday, November 01, 2015 10:53:35 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
lochaes wrote:
mawinder wrote:
lochaes wrote:
Cash flow issues at Two rivers?

Why/link?


material suppliers have not been paid for a while now. No link. word on the ground


They should ask for rights issue we sort them out
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Kusadikika
#179 Posted : Sunday, November 01, 2015 11:09:40 PM
Rank: Elder

Joined: 7/22/2008
Posts: 2,721
lochaes wrote:
mawinder wrote:
lochaes wrote:
Cash flow issues at Two rivers?

Why/link?


material suppliers have not been paid for a while now. No link. word on the ground


I hope this is not true but I am not surprised. An investment company Centum decided to form a wholly owned subsidiary to build 2 rivers. The more money they raised the more they kept changing plans to build bigger even before they had completed any parts. They keep talking about all the environmental aspects of the project while there is not a lot of talk about the tenants. The only one being mentioned is Carrefour and the way they started out by being elitist and disrespectful to suppliers I am not very optimistic about their success.

At this point Centum can still keep increasing the valuation of the project thus giving the impression that they are making money but soon they will have a completed or half completed mall with empty shops and that is when hard reality will hit home. They will be forced to show real cash flow and not just fictitious valuation gains but I guess they are hoping by then they will have started on the Lamu Coal plant project and this game of numbers will start again.
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muandiwambeu
#180 Posted : Sunday, November 01, 2015 11:44:24 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
[quote=Impunity]Which are the prime assets that Centum fully owns and which can be liquidated if shit hits the fan.[/quote:
^o and if it ever hit the fan @ impunity always know the distribution is never equal. dj will be spinning it half a world away, n the mc will be the cj. the tall pecking order and the anguish of hot air pockets revelation will be stunning. probably great hypothetical business plans or do i say.
,Behold, a sower went forth to sow;....
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