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Centum HY 2016 profit up 55% comprehensive income down 76%
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madebe
#131 Posted : Wednesday, January 13, 2016 5:04:26 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
even with the debate about who is shafting who,,,,i haven't seen an official statement from either centum or old mutual. is there anyone with an official statement and not the romour placed by Bd???Centum have been good on communication...
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Spikes
#132 Posted : Wednesday, January 13, 2016 5:09:42 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
madebe wrote:
even with the debate about who is shafting who,,,,i haven't seen an official statement from either centum or old mutual. is there anyone with an official statement and not the romour placed by Bd???Centum have been good on communication...


@madebe Bd is an authoritative newspaper which keeps investors informed. They don't spread rumours they are just messengers. Most decisions Wazuans make are based on reports by Bd news plus indepth look into a company's metrics. Shafting continues.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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target1360
#133 Posted : Wednesday, January 13, 2016 9:58:17 PM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
Ericsson wrote:
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


inow understand why buffet doesnt like companies that grow too fast.
I find satisfaction in owning great business,not trading them
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Othelo
#134 Posted : Thursday, January 14, 2016 9:06:21 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Spikes wrote:
madebe wrote:
even with the debate about who is shafting who,,,,i haven't seen an official statement from either centum or old mutual. is there anyone with an official statement and not the romour placed by Bd???Centum have been good on communication...


@madebe Bd is an authoritative newspaper which keeps investors informed. They don't spread rumours they are just messengers. Most decisions Wazuans make are based on reports by Bd news plus indepth look into a company's metrics. Shafting continues.

Centum also like 'planting' stories in BD. smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Spikes
#135 Posted : Thursday, January 14, 2016 9:11:30 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Othelo wrote:
Spikes wrote:
madebe wrote:
even with the debate about who is shafting who,,,,i haven't seen an official statement from either centum or old mutual. is there anyone with an official statement and not the romour placed by Bd???Centum have been good on communication...


@madebe Bd is an authoritative newspaper which keeps investors informed. They don't spread rumours they are just messengers. Most decisions Wazuans make are based on reports by Bd news plus indepth look into a company's metrics. Shafting continues.

Centum also like 'planting' stories in BD. smile


Yes Centum do plant sweet stories but Wazuans are clever enough to uproot them before they bear fruits to conmen.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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madebe
#136 Posted : Thursday, January 14, 2016 5:07:52 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
Spikes wrote:
Othelo wrote:
Spikes wrote:
madebe wrote:
even with the debate about who is shafting who,,,,i haven't seen an official statement from either centum or old mutual. is there anyone with an official statement and not the romour placed by Bd???Centum have been good on communication...


@madebe Bd is an authoritative newspaper which keeps investors informed. They don't spread rumours they are just messengers. Most decisions Wazuans make are based on reports by Bd news plus indepth look into a company's metrics. Shafting continues.

Centum also like 'planting' stories in BD. smile


Yes Centum do plant sweet stories but Wazuans are clever enough to uproot them before they bear fruits to conmen.


until i log into centum.co.ke and see the story ill take it like arsenal being quoted they want to by messi by the sun.co.uk
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Ericsson
#137 Posted : Thursday, January 14, 2016 8:15:19 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
With Centum having failed to complete the Two Rivers Mall project solely and instead sold off the majority stake in the project,the company left with debts which is has to pay says alot.
The pearl marina project in Uganda,Lamu coal power project,Akira geothermal power project,Vipingo project the company can't undertake the projects.It lacks the capital to undertake them.Shareholders have been left with a shell.
Centum should go back to its roots where it was an investment company owing stakes in several companies both listed and unlisted.This real estate and power projets the company has no capability to undertake them.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#138 Posted : Thursday, January 14, 2016 11:07:43 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
waaaai waaai waai Kirubi conman of the highest degree.

UK-based multinational Old Mutual has invested Sh6.4 billion in the holding company of Centum’s Two Rivers Mall, giving it an equivalent 50 per cent stake in the firm.
The multinational has taken a 10 per cent stake in Two Rivers Lifestyle Centre Limited (TRLC) in exchange for cash and has also made a convertible loan to the company that could later be turned into an extra 40 per cent equity ownership.

“The transaction will see Old Mutual ultimately hold a 50 per cent stake in TRLC,” Centum said in a statement.

http://www.businessdaily...4/-/jjidh5/-/index.html

Centum now remains with 8% in the Two Rivers Mall Project.What a biiiiiiigggggg letdown to the shareholders.
DJ Chris spin the music once more
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WalterWhite
#139 Posted : Thursday, January 14, 2016 11:15:15 PM
Rank: New-farer

Joined: 1/3/2016
Posts: 29
Ericsson wrote:
waaaai waaai waai Kirubi conman of the highest degree.

Centum now remains with 8% in the Two Rivers Mall Project.What a biiiiiiigggggg letdown to the shareholders.
DJ Chris spin the music once more


Been watching this thread from the sidelines. So not surprised to see its downfall. I happen to know one of Centum's "top employees", a most arrogant SOB. If he/she is a representation of Centum's management, then said company is being run by a bunch of narcissistic, vulturistic, psychopaths who are in it to enrich themselves, period! Watch "Wolf on Wall Street" to understand Centum 100%. What a con company. Invest at your own risk. You have been warned.
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slykat
#140 Posted : Friday, January 15, 2016 4:34:10 AM
Rank: Member

Joined: 2/20/2007
Posts: 359
When did DJ CK gain control of Centum? at the time ... about 4 years ago ... I bought he was barely mentioned. Then I a started hearing his name and stopped buying Centum. Now I think of a good time to exit. I don't like any stock with his name on it.
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