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Centum HY 2016 profit up 55% comprehensive income down 76%
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Ericsson
#71 Posted : Monday, December 28, 2015 10:40:05 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Maybe if they cede further stake to AVIC-parent company of the contractor CATIC and that will make AVIC majority shareholder of the mall.
The benefit to CENTUM shareholders will then be have been reduced significantly.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#72 Posted : Monday, December 28, 2015 11:02:06 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
Maybe if they cede further stake to AVIC-parent company of the contractor CATIC and that will make AVIC majority shareholder of the mall.
The benefit to CENTUM shareholders will then be have been reduced significantly.

Smart move to reduce debt by converting it into equity [at a fair conversion rate & profit] instead of struggling to make payments like ARM.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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target1360
#73 Posted : Tuesday, December 29, 2015 7:00:54 AM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
if you dont trust management then dont bother buying a company's stock.
I find satisfaction in owning great business,not trading them
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sparkly
#74 Posted : Tuesday, December 29, 2015 7:47:26 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
target1360 wrote:
if you dont trust management then dont bother buying a company's stock.


The Centum dilemma... You know the DJ is a jangili ... but you also know that he gets a good return for his shareholders... as long as interests are aligned.


@target1360 what stocks are you invested in?
Life is short. Live passionately.
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VituVingiSana
#75 Posted : Tuesday, December 29, 2015 9:25:36 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
sparkly wrote:
target1360 wrote:
if you dont trust management then dont bother buying a company's stock.


The Centum dilemma... You know the DJ is a jangili ... but you also know that he gets a good return for his shareholders... as long as interests are aligned.


@target1360 what stocks are you invested in?

It's rare for one's interests to be aligned with folks like Merali or Kirubi. That said, I like the Management of Centum but in the NSE universe, I see better choices, at lower risk, at current prices.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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enyands
#76 Posted : Tuesday, December 29, 2015 10:02:14 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
sparkly wrote:
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.



Wish the money they gave as bonus to employee they would have used the money to buy some 1,000,000 bags of cement to finish the building. Now they are whining about cash flows yet wanakula. Iv never trusted this dj guy.history speaks for itself. Kenatco, icdc, Uchumi and others that we don't know
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target1360
#77 Posted : Tuesday, December 29, 2015 7:32:57 PM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
-
I find satisfaction in owning great business,not trading them
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target1360
#78 Posted : Tuesday, December 29, 2015 7:37:57 PM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
sparkly wrote:
target1360 wrote:
if you dont trust management then dont bother buying a company's stock.


The Centum dilemma... You know the DJ is a jangili ... but you also know that he gets a good return for his shareholders... as long as interests are aligned.


@target1360 what stocks are you invested in?


b.a.t,e.a.b.l, nic,unga,kcb,safcom, and my achilles heel is kenre!
i also hold cfc stanbic since since it is my banker for stocks and transactions/savings
I find satisfaction in owning great business,not trading them
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target1360
#79 Posted : Tuesday, December 29, 2015 7:56:59 PM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
The guy will sell his stake to south african,cash out and leave you waiting for divindeds in 2019!
I find satisfaction in owning great business,not trading them
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sparkly
#80 Posted : Tuesday, December 29, 2015 8:26:22 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
target1360 wrote:
sparkly wrote:
target1360 wrote:
if you dont trust management then dont bother buying a company's stock.


The Centum dilemma... You know the DJ is a jangili ... but you also know that he gets a good return for his shareholders... as long as interests are aligned.


@target1360 what stocks are you invested in?


b.a.t,e.a.b.l, nic,unga,kcb,safcom, and my achilles heel is kenre!
i also hold cfc stanbic since since it is my banker for stocks and transactions/savings


Bear proof portfolio, good one.
Life is short. Live passionately.
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