wazua Sat, Mar 21, 2026
Welcome Guest Search | Active Topics | Log In

21 Pages«<56789>»
Centum HY 2016 profit up 55% comprehensive income down 76%
Options
Previous Topic · Next Topic
kryptonite
#61 Posted : Monday, November 16, 2015 9:40:36 AM
Rank: Member

Joined: 2/1/2010
Posts: 272
Location: Nairobi
Kusadikika wrote:
VituVingiSana wrote:
MaichBlack wrote:
Kusadikika wrote:
mlennyma wrote:
The c.e.o said things are on track and he spends a full day at that site at least once a week to make sure everything is on schedule, who else can contradict him with solid facts?


If a CEO is spending time at a mjengo, that means things are not going well......actually it means things are really bad!!

A CEO spending the whole day at a mjengo once a week. Kwani there are no structures at Centum? No delegation?

I like that. The wadosi who never go to the factories, warehouses, sites are the lazy ones who have lost track of the business. Two Rivers is a major asset/development for Centum.

Olympia - The useless CEO, Michael Matu, doesn't even know what happens at the factory! Years ago I went to the factory and they were doing nothing because there was no raw material.

ARM - Paunrana knows what going on. He visits his factories regularly especially when they were under construction.

Unga - The CEO's offices are located in the same compound as the warehouse and factory in Nairobi.

In manufacturing and construction, if you do not keep an eye out, you will be conned.




A story is told of how one day Bill Gates invited Warren Buffet to Microsoft and he gave him a tour of the company. After the tour Warren Buffet said he had seen more of Microsoft than he had seen any of his companies. He never goes there because he knows and trusts that the management of those companies know how to run them better than he does and he does not want to interfere with their work.


Refer to @sparkly's comment above...avocados/pumpkins
The harder you work, the luckier you get
Back to top
  |
Realtreaty
#62 Posted : Tuesday, November 24, 2015 2:19:32 PM
Rank: Elder

Joined: 8/16/2011
Posts: 2,386
smile Touched 50Kes today. As they say we will only rush to buy when we here Kirubi was in the market and added his Centum stock at 40's but the price that time will be at 70Kes. So I will have lost a marginal gain of roughly 20-30Kes.
This stock is buy. Like Kakuzi it will move above a 100 Kes soon and even touch 150Kes if a bonus issue will be declared 2016.
Back to top
  |
mlennyma
#63 Posted : Tuesday, November 24, 2015 2:57:02 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Realtreaty wrote:
smile Touched 50Kes today. As they say we will only rush to buy when we here Kirubi was in the market and added his Centum stock at 40's but the price that time will be at 70Kes. So I will have lost a marginal gain of roughly 20-30Kes.
This stock is buy. Like Kakuzi it will move above a 100 Kes soon and even touch 150Kes if a bonus issue will be declared 2016.

i pray 40bob comes again, i regret buying so little at 40Sad but going by todays market mood below 40 nagoja
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
  | | Edit by user: Tuesday, November 24, 2015 4:12 PM | Reason: Not specified
Ericsson
#64 Posted : Monday, December 28, 2015 11:01:51 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
The number of construction workers has been drastically reduced at Two Rivers Mall and Construction progressing at snail pace.
Cashhflow issues;the project was too ambitious for a company the size of Centum.
And now they want to buy Rea Vipingo land and build the Lamu Coal power.
This company will go burst;beware of Kirubi's companies when u see them starting ambitious projects;history is repeating itself as this is the same path that Uchumi followed before its collapse in 2006.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
VituVingiSana
#65 Posted : Monday, December 28, 2015 11:42:25 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
The number of construction workers has been drastically reduced at Two Rivers Mall and Construction progressing at snail pace.
Cashhflow issues;the project was too ambitious for a company the size of Centum.
And now they want to buy Rea Vipingo land and build the Lamu Coal power.
This company will go burst;beware of Kirubi's companies when u see them starting ambitious projects;history is repeating itself as this is the same path that Uchumi followed before its collapse in 2006.

Pearl Marina in Uganda
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
  |
streetwise
#66 Posted : Monday, December 28, 2015 11:44:13 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Once centum share price got to 65, the only other way to go was down and not the 100 predicted by the DJ
Back to top
  |
sparkly
#67 Posted : Monday, December 28, 2015 8:53:43 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
The number of construction workers has been drastically reduced at Two Rivers Mall and Construction progressing at snail pace.
Cashhflow issues;the project was too ambitious for a company the size of Centum.
And now they want to buy Rea Vipingo land and build the Lamu Coal power.
This company will go burst;beware of Kirubi's companies when u see them starting ambitious projects;history is repeating itself as this is the same path that Uchumi followed before its collapse in 2006.


Main structures are finished at 2 Rivers I belief? Maybe it's time for finishing touches as they arrange to issue a REIT next year.

Exiting through a REIT should release some cash flow.

Life is short. Live passionately.
Back to top
  |
Ericsson
#68 Posted : Monday, December 28, 2015 9:09:13 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@sparkly
Wapi main structures bado hazijaisha.
5 zoomlion cranes are still at site and they are not moving.

Exit through REIT option but to who;problem is Centum and Kirubi want to make a kill so investors are shying away.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Ericsson
#69 Posted : Monday, December 28, 2015 9:10:21 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Currently Centum owns 58% of the mall having ceded stakes to AVIC and ICDC when they were experiencing cashflow issues earlier
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
sparkly
#70 Posted : Monday, December 28, 2015 10:18:57 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
@sparkly
Wapi main structures bado hazijaisha.
5 zoomlion cranes are still at site and they are not moving.

Exit through REIT option but to who;problem is Centum and Kirubi want to make a kill so investors are shying away.


@Ericson keep us in the know if you get some news.

Though I feel that the DJ will not lack money to complete the project, through shafting some investors or otherwise.

Life is short. Live passionately.
Back to top
  |
21 Pages«<56789>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.