Wazua
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Centum HY 2016 profit up 55% comprehensive income down 76%
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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I fail to get answer on one thing, why does this guy enjoy conning people? Why can't he earn a descent earning in life. All his record is all about conning. Latest is last year when he cooked his books to sell tiger or haco to south Africans .what's wrong with this guy. No wonder he is single flouting with young girls
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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enyands wrote:I fail to get answer on one thing, why does this guy enjoy conning people? Why can't he earn a descent earning in life. All his record is all about conning. Latest is last year when he cooked his books to sell tiger or haco to south Africans .what's wrong with this guy. No wonder he is single flouting with young girls Nothing is wrong with him.That's how things roll in a bandit econ.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Ask the question the other way round, why do people enjoy being conned. They always have a choice to make
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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whiteowl wrote:enyands wrote:I fail to get answer on one thing, why does this guy enjoy conning people? Why can't he earn a descent earning in life. All his record is all about conning. Latest is last year when he cooked his books to sell tiger or haco to south Africans .what's wrong with this guy. No wonder he is single flouting with young girls Nothing is wrong with him.That's how things roll in a bandit econ. The CJ agrees. http://africanarguments....f-justice-willy-mutunga/Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 11/1/2013 Posts: 257
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Old Mutual injects Sh6.4bn in Centum Two Rivers Mall http://www.businessdaily...4/-/jjidh5/-/index.html
Centum seeks more shares of Coca-Cola bottling firms http://www.businessdaily.../-/uktig9z/-/index.html
Notice a change of strategy here..centum HY2016 was decimal compared to the 2015FY.Increasing their stake in Almasi will have some impact on its income statement unlike clinging to their holding stake at two rivers which will take time to unlock the funds. No diagnosis,no pragnosis,no pragnosis no profit......Jesse livermore
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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I think guys are too quick to dismiss Centum's ability to generate superior returns on its ventures purely on the basis of one transaction.
Like Chris Kirubi or not, I think the board and management of Centum are a pretty sharp lot and their track record speaks for itself.
The deal with Old Mutual in my view is actually positive in terms of value creation. Note that Centum is ceding stakes in the Two Rivers Lifestyle Centre (TRLC) not Two Rivers Development Ltd (TRDL) which are two different entities. Whereas Centum is going to lose out on future revenue streams from rentals in TRLC, it realizes value now through the stake sold to Old Mutual. The cash that Centum would otherwise have had to invest in TRLC can be applied to other ventures such as the rest of TRDL and/other Centum projects, of which there is no shortage.
See the quote below from the Centum Press Release for further clarity.
Old Mutual’s property division, Old Mutual Property (OMP) has invested Kenya Shillings 6.4 Billion in Two Rivers Lifestyle Centre (TRLC), the holding company for the Two Rivers Mall, in a landmark deal that was arranged solely by Nabo Capital.The Two Rivers Mall, sitting on 10.2 acres, is part of the larger 102 acre master-planned Two Rivers Development.
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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mwanahisa wrote:I think guys are too quick to dismiss Centum's ability to generate superior returns on its ventures purely on the basis of one transaction.
Like Chris Kirubi or not, I think the board and management of Centum are a pretty sharp lot and their track record speaks for itself.
The deal with Old Mutual in my view is actually positive in terms of value creation. Note that Centum is ceding stakes in the Two Rivers Lifestyle Centre (TRLC) not Two Rivers Development Ltd (TRDL) which are two different entities. Whereas Centum is going to lose out on future revenue streams from rentals in TRLC, it realizes value now through the stake sold to Old Mutual. The cash that Centum would otherwise have had to invest in TRLC can be applied to other ventures such as the rest of TRDL and/other Centum projects, of which there is no shortage.
See the quote below from the Centum Press Release for further clarity.
Old Mutual’s property division, Old Mutual Property (OMP) has invested Kenya Shillings 6.4 Billion in Two Rivers Lifestyle Centre (TRLC), the holding company for the Two Rivers Mall, in a landmark deal that was arranged solely by Nabo Capital.The Two Rivers Mall, sitting on 10.2 acres, is part of the larger 102 acre master-planned Two Rivers Development. iam waiting for it below 40 but the price looks headed up,to me partnering with giant's means you can be trusted "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi
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mwanahisa wrote:I think guys are too quick to dismiss Centum's ability to generate superior returns on its ventures purely on the basis of one transaction.
Like Chris Kirubi or not, I think the board and management of Centum are a pretty sharp lot and their track record speaks for itself.
The deal with Old Mutual in my view is actually positive in terms of value creation. Note that Centum is ceding stakes in the Two Rivers Lifestyle Centre (TRLC) not Two Rivers Development Ltd (TRDL) which are two different entities. Whereas Centum is going to lose out on future revenue streams from rentals in TRLC, it realizes value now through the stake sold to Old Mutual. The cash that Centum would otherwise have had to invest in TRLC can be applied to other ventures such as the rest of TRDL and/other Centum projects, of which there is no shortage.
See the quote below from the Centum Press Release for further clarity.
Old Mutual’s property division, Old Mutual Property (OMP) has invested Kenya Shillings 6.4 Billion in Two Rivers Lifestyle Centre (TRLC), the holding company for the Two Rivers Mall, in a landmark deal that was arranged solely by Nabo Capital.The Two Rivers Mall, sitting on 10.2 acres, is part of the larger 102 acre master-planned Two Rivers Development. James Mworia is very sharp. And a nice guy as far as I can tell. You have a good point. What Centum needs to do is provide a flowchart that shows the ownership of these entities so a sale of 50% of TRLC doesn't seem like a sale of its parent TRDL. TRLC is just a one part of TRDL. There's a lot more going on. Though as I have mentioned earlier. If you do not trust the Management... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: User Joined: 1/20/2014 Posts: 3,528
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By the time DJ will be through with 'us' Wnjiko, the larger 102 acre master-planned Two Rivers Development Centum owns will be a mirrage. Let us compare notes in another 5 years!!!  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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madebe wrote: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. 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 Now we have the official statement from centum. My simple reading is that centum has sold 50% of the area where the mall(10.2 acres-including the buildings) out of the 100 acres. The remaining area is left for other businesses(residential,hotel,hospital etc). The 6.4 billion is for approx 5 acres (50% of 10.2 acres) valuing whole plot at approx 100 Billion. Not bad for value creation. The only help i need from wazua, who has the organogram for the property business of centum
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Centum HY 2016 profit up 55% comprehensive income down 76%
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