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Centum HY 2016 profit up 55% comprehensive income down 76%
VituVingiSana
#121 Posted : Tuesday, January 12, 2016 7:24:30 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Aguytrying wrote:
VituVingiSana wrote:
Spikes wrote:
Othelo wrote:
Gatheuzi wrote:
enyands wrote:
[quote=Ericsson]After the Old Mutual property investment;Centum will remain with 20% stake in the Mall.
Same case will happen with Amu power and Akira geothermal.
Be very careful with DJ he will shaft you and leave you hanging;anywhere he is and calls the shots I don't invest coz u don't know when the shit will hit your fan.
Old Mutual are really investing in kenya grabbing properties left,right,center

.
Man this guy has a full time and part time job called chief shafting .be never gets tired of shafting.hata punda huchoka jameni for him he never slows down in shafting


Lol..Laughing out loudly Laughing out loudly

Not to mention that old mutual seems to be enjoying it...I mean it was the other day he did the UAP thing..

Looks like SA guys are enjoying being shafted by DJ. I am sure all these behind the scene deals benefit not all stakeholders!!!

Kwani SA wanasikia utamu gani being shafted by DJ in a maize plantation repeatedly without complaining? Watuambie tunataka kujua for editorial purposes.


DJ CK is also popular with the ladies. We need to learn from him how to shaft all & sundry! Laughing out loudly Laughing out loudly Laughing out loudly


@Spikes. Hizi vitu ni kama umefanya... Coz of the graphic descriptions. Mara KQ and shafting by natural bulls, now mara in a maize plantation.
Forget CK, we need lessons from @Spikes on how to arrange the flowers to convince the bees to check out the hive where we can poke them with a ladle...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
ngapat
#122 Posted : Tuesday, January 12, 2016 7:48:23 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
They are trying to book some capital gains to raise NAV before financial year end for their bonuses.
This will also give them liquidity for the cash bonuses
“Invest in yourself. Your career is the engine of your wealth.”
enyands
#123 Posted : Tuesday, January 12, 2016 7:49:25 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
VituVingiSana wrote:
Aguytrying wrote:
VituVingiSana wrote:
Spikes wrote:
Othelo wrote:
Gatheuzi wrote:
enyands wrote:
[quote=Ericsson]After the Old Mutual property investment;Centum will remain with 20% stake in the Mall.
Same case will happen with Amu power and Akira geothermal.
Be very careful with DJ he will shaft you and leave you hanging;anywhere he is and calls the shots I don't invest coz u don't know when the shit will hit your fan.
Old Mutual are really investing in kenya grabbing properties left,right,center

.
Man this guy has a full time and part time job called chief shafting .be never gets tired of shafting.hata punda huchoka jameni for him he never slows down in shafting


Lol..Laughing out loudly Laughing out loudly

Not to mention that old mutual seems to be enjoying it...I mean it was the other day he did the UAP thing..

Looks like SA guys are enjoying being shafted by DJ. I am sure all these behind the scene deals benefit not all stakeholders!!!

Kwani SA wanasikia utamu gani being shafted by DJ in a maize plantation repeatedly without complaining? Watuambie tunataka kujua for editorial purposes.


DJ CK is also popular with the ladies. We need to learn from him how to shaft all & sundry! Laughing out loudly Laughing out loudly Laughing out loudly


@Spikes. Hizi vitu ni kama umefanya... Coz of the graphic descriptions. Mara KQ and shafting by natural bulls, now mara in a maize plantation.
Forget CK, we need lessons from @Spikes on how to arrange the flowers to convince the bees to check out the hive where we can poke them with a ladle...



Where is brother obiero ,ama ameenda kutuletea reports ya banks
Othelo
#124 Posted : Tuesday, January 12, 2016 9:09:48 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
ngapat wrote:
They are trying to book some capital gains to raise NAV before financial year end for their bonuses.
This will also give them liquidity for the cash bonuses

Crooked crooks Sad
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Gatheuzi
#125 Posted : Wednesday, January 13, 2016 8:33:18 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
ngapat wrote:
They are trying to book some capital gains to raise NAV before financial year end for their bonuses.
This will also give them liquidity for the cash bonuses

There may not be liquidity improvement since cash from Old Mutual will go directly into the project. Liquidity will have to be from other sources e.g. debt to fund those bonuses.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
Spikes
#126 Posted : Wednesday, January 13, 2016 9:17:18 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Gatheuzi wrote:
ngapat wrote:
They are trying to book some capital gains to raise NAV before financial year end for their bonuses.
This will also give them liquidity for the cash bonuses

There may not be liquidity improvement since cash from Old Mutual will go directly into the project. Liquidity will have to be from other sources e.g. debt to fund those bonuses.


Pure greed, open hypocrisy if debt can be applied to award bonuses to employees. Announcement of bonuses in the media was a plot to trigger Wanjiko to excitement that the company has the potential of performing beyond investor expectations. No divedends have been declared for half a decade. There is something sinister going on and I urge the authorities-CMA, EACC and Ombudsman to rush in and flex muscles for Wanjiko rescue.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
enyands
#127 Posted : Wednesday, January 13, 2016 9:33:53 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Spikes wrote:
Gatheuzi wrote:
ngapat wrote:
They are trying to book some capital gains to raise NAV before financial year end for their bonuses.
This will also give them liquidity for the cash bonuses

There may not be liquidity improvement since cash from Old Mutual will go directly into the project. Liquidity will have to be from other sources e.g. debt to fund those bonuses.


Pure greed, open hypocrisy if debt can be applied to award bonuses to employees. Announcement of bonuses in the media was a plot to trigger Wanjiko to excitement that the company has the potential of performing beyond investor expectations. No divedends have been declared for half a decade. There is something sinister going on and I urge the authorities-CMA, EACC and Ombudsman to rush in and flex muscles for Wanjiko rescue.


I mentioned earlier those guys are a bunch of toothless dogs. The parliament should give them more powers including cbk but they have useless things to think about now that some of them will be scrolling here at wazua looking for business ideas since they won't go back to parliament
kasibitta
#128 Posted : Wednesday, January 13, 2016 9:57:12 AM
Rank: Member

Joined: 2/7/2014
Posts: 155
Spikes wrote:
Gatheuzi wrote:
ngapat wrote:
They are trying to book some capital gains to raise NAV before financial year end for their bonuses.
This will also give them liquidity for the cash bonuses

There may not be liquidity improvement since cash from Old Mutual will go directly into the project. Liquidity will have to be from other sources e.g. debt to fund those bonuses.


Pure greed, open hypocrisy if debt can be applied to award bonuses to employees. Announcement of bonuses in the media was a plot to trigger Wanjiko to excitement that the company has the potential of performing beyond investor expectations. No divedends have been declared for half a decade. There is something sinister going on and I urge the authorities-CMA, EACC and Ombudsman to rush in and flex muscles for Wanjiko rescue.


@Spikes...I feel for wanjikos who are led to the slaughter house unawares.Anyway, how will CMA reign in, yet they are in bed all together.
repat
#129 Posted : Wednesday, January 13, 2016 10:01:40 AM
Rank: New-farer

Joined: 1/12/2016
Posts: 9
Location: usa
if comprehensive income is down but profit is up, they could just be realizing unearned revenue from prior years, in the form of deposits that were paid on projects that have been commpleted in the current year, this is kenya though and numbers can be made to sing any tune..still not a good look for the company though as comprehensive income captures the firms current and future revenue position better and gives us a view as to where net income etc will be in the coming cycles.
Ericsson
#130 Posted : Wednesday, January 13, 2016 11:47:22 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Counter is now on a free fall.The ceding of additional stake to Old Mutual has reduced the asset base and shareholders will not benefit from the income that would have accrued from the project.
Counter is coming back to the 20-30 ranges
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
21 Pages«<1112131415>»
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