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Ebenyo
#51 Posted : Wednesday, May 25, 2016 10:17:14 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
centum with huge cash flow cant pay dividends? yet they can afford to pay employees millions in bonuses? shareholder is left only with volatile and unpredictable share price appreciation.Kirubi is the only shareholder benefiting here.The rest muendelee kujipanga.
Towards the goal of financial freedom
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enyands
#52 Posted : Wednesday, May 25, 2016 11:24:45 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ebenyo wrote:
centum with huge cash flow cant pay dividends? yet they can afford to pay employees millions in bonuses? shareholder is left only with volatile and unpredictable share price appreciation.Kirubi is the only shareholder benefiting here.The rest muendelee kujipanga.



Correction it's billions not millions .wondering why we haven't recieved the financial results yet
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Ericsson
#53 Posted : Thursday, May 26, 2016 7:58:48 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
There is no huge cash flow the company claims to have.AIB was right.
If the company had huge cash flow why were they unable to complete Two Rivers Mall on their own and had to wait for Old Mutual to bail them out.
Their stake in two rivers mall as it stands out now is less than 10%.
Most of the deals being done now is via debt.
Hii ni moto ya kuotea mbali.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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iris
#54 Posted : Thursday, May 26, 2016 8:08:41 AM
Rank: Member

Joined: 9/11/2014
Posts: 228
Location: Nairobi
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
mlennyma wrote:
enyands wrote:
Realtreaty wrote:
...Laughing out loudly Laughing out loudly Laughing out loudly and much more!!!! Lol
Uber in Sh10 billion financing deal with Sidian Bank



More and more rabbits to chase without any rabbit stew on table . Keep chasing

so sidian is this strong? ?single client 10b

Not a single client but many clients. If the max loan is 1.5mn then they can lend to 700 clients. Uber isn't the client, the drivers/owners are.

Plus monthly repayments reduce the actual amount loaned out on a monthly basis.


10.5% where is Centum getting cheap funds from?

These rates are not APY/APR but 'flat-rate' loans whose real cost to the borrower is higher.

I used to think SACCO loans were cheaper until I found out they were at 12% 'flat rate' which meant the real rate was hovering at 20+% or so. Not much cheaper than a bank loan.

@vvs, which SACCOs are those? the ones I belong to charge 12% reducing balance for normal loans of 48 months
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Ebenyo
#55 Posted : Thursday, May 26, 2016 8:13:48 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Ericsson wrote:
There is no huge cash flow the company claims to have.AIB was right.
If the company had huge cash flow why were they unable to complete Two Rivers Mall on their own and had to wait for Old Mutual to bail them out.
Their stake in two rivers mall as it stands out now is less than 10%.
Most of the deals being done now is via debt.
Hii ni moto ya kuotea mbali.

Ericson you are right.
i hope they wont go like home afrika way.Since listing in nse they have always been in demand of cash to finance their many projects while posting losses.I see a trend where centum is always in need of cash to do this and that which are not giving any value to shareholder.
Towards the goal of financial freedom
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VituVingiSana
#56 Posted : Thursday, May 26, 2016 8:57:28 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
iris wrote:
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
mlennyma wrote:
enyands wrote:
Realtreaty wrote:
...Laughing out loudly Laughing out loudly Laughing out loudly and much more!!!! Lol
Uber in Sh10 billion financing deal with Sidian Bank



More and more rabbits to chase without any rabbit stew on table . Keep chasing

so sidian is this strong? ?single client 10b

Not a single client but many clients. If the max loan is 1.5mn then they can lend to 700 clients. Uber isn't the client, the drivers/owners are.

Plus monthly repayments reduce the actual amount loaned out on a monthly basis.


10.5% where is Centum getting cheap funds from?

These rates are not APY/APR but 'flat-rate' loans whose real cost to the borrower is higher.

I used to think SACCO loans were cheaper until I found out they were at 12% 'flat rate' which meant the real rate was hovering at 20+% or so. Not much cheaper than a bank loan.

@vvs, which SACCOs are those? the ones I belong to charge 12% reducing balance for normal loans of 48 months

I need to find SACCOs that will do that for me!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Swenani
#57 Posted : Thursday, May 26, 2016 9:02:15 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
VituVingiSana wrote:
iris wrote:
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
mlennyma wrote:
enyands wrote:
Realtreaty wrote:
...Laughing out loudly Laughing out loudly Laughing out loudly and much more!!!! Lol
Uber in Sh10 billion financing deal with Sidian Bank



More and more rabbits to chase without any rabbit stew on table . Keep chasing

so sidian is this strong? ?single client 10b

Not a single client but many clients. If the max loan is 1.5mn then they can lend to 700 clients. Uber isn't the client, the drivers/owners are.

Plus monthly repayments reduce the actual amount loaned out on a monthly basis.


10.5% where is Centum getting cheap funds from?

These rates are not APY/APR but 'flat-rate' loans whose real cost to the borrower is higher.

I used to think SACCO loans were cheaper until I found out they were at 12% 'flat rate' which meant the real rate was hovering at 20+% or so. Not much cheaper than a bank loan.

@vvs, which SACCOs are those? the ones I belong to charge 12% reducing balance for normal loans of 48 months

I need to find SACCOs that will do that for me!


The issue of saccos was discussed here on wazua and it was concluded with statistics that it was cheaper taking a personal unsecured loan at 20%+ interest than taking a sacco loan at 12%.
If Obiero did it, Who Am I?
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heri
#58 Posted : Thursday, May 26, 2016 12:28:21 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
Swenani wrote:
VituVingiSana wrote:
iris wrote:
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
mlennyma wrote:
enyands wrote:
Realtreaty wrote:
...Laughing out loudly Laughing out loudly Laughing out loudly and much more!!!! Lol
Uber in Sh10 billion financing deal with Sidian Bank



More and more rabbits to chase without any rabbit stew on table . Keep chasing

so sidian is this strong? ?single client 10b

Not a single client but many clients. If the max loan is 1.5mn then they can lend to 700 clients. Uber isn't the client, the drivers/owners are.

Plus monthly repayments reduce the actual amount loaned out on a monthly basis.


10.5% where is Centum getting cheap funds from?

These rates are not APY/APR but 'flat-rate' loans whose real cost to the borrower is higher.

I used to think SACCO loans were cheaper until I found out they were at 12% 'flat rate' which meant the real rate was hovering at 20+% or so. Not much cheaper than a bank loan.

@vvs, which SACCOs are those? the ones I belong to charge 12% reducing balance for normal loans of 48 months

I need to find SACCOs that will do that for me!


The issue of saccos was discussed here on wazua and it was concluded with statistics that it was cheaper taking a personal unsecured loan at 20%+ interest than taking a sacco loan at 12%.


How? is it because of the deposit one has to maintain in the sacco earning say only 8%? But if the loan interest rate is reducing balance at 12% , how will the bank loan of 24% be cheaper?
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Othelo
#59 Posted : Thursday, May 26, 2016 12:59:24 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
heri wrote:
Swenani wrote:
VituVingiSana wrote:
iris wrote:
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
mlennyma wrote:
enyands wrote:
Realtreaty wrote:
...Laughing out loudly Laughing out loudly Laughing out loudly and much more!!!! Lol
Uber in Sh10 billion financing deal with Sidian Bank



More and more rabbits to chase without any rabbit stew on table . Keep chasing

so sidian is this strong? ?single client 10b

Not a single client but many clients. If the max loan is 1.5mn then they can lend to 700 clients. Uber isn't the client, the drivers/owners are.

Plus monthly repayments reduce the actual amount loaned out on a monthly basis.


10.5% where is Centum getting cheap funds from?

These rates are not APY/APR but 'flat-rate' loans whose real cost to the borrower is higher.

I used to think SACCO loans were cheaper until I found out they were at 12% 'flat rate' which meant the real rate was hovering at 20+% or so. Not much cheaper than a bank loan.

@vvs, which SACCOs are those? the ones I belong to charge 12% reducing balance for normal loans of 48 months

I need to find SACCOs that will do that for me!


The issue of saccos was discussed here on wazua and it was concluded with statistics that it was cheaper taking a personal unsecured loan at 20%+ interest than taking a sacco loan at 12%.


How? is it because of the deposit one has to maintain in the sacco earning say only 8%? But if the loan interest rate is reducing balance at 12% , how will the bank loan of 24% be cheaper?

There is a whole thread on this .... just search complete with examples figures and computations.
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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iris
#60 Posted : Thursday, May 26, 2016 2:03:03 PM
Rank: Member

Joined: 9/11/2014
Posts: 228
Location: Nairobi
Swenani wrote:
VituVingiSana wrote:
iris wrote:
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
mlennyma wrote:
enyands wrote:
Realtreaty wrote:
...Laughing out loudly Laughing out loudly Laughing out loudly and much more!!!! Lol
Uber in Sh10 billion financing deal with Sidian Bank



More and more rabbits to chase without any rabbit stew on table . Keep chasing

so sidian is this strong? ?single client 10b

Not a single client but many clients. If the max loan is 1.5mn then they can lend to 700 clients. Uber isn't the client, the drivers/owners are.

Plus monthly repayments reduce the actual amount loaned out on a monthly basis.


10.5% where is Centum getting cheap funds from?

These rates are not APY/APR but 'flat-rate' loans whose real cost to the borrower is higher.

I used to think SACCO loans were cheaper until I found out they were at 12% 'flat rate' which meant the real rate was hovering at 20+% or so. Not much cheaper than a bank loan.

@vvs, which SACCOs are those? the ones I belong to charge 12% reducing balance for normal loans of 48 months

I need to find SACCOs that will do that for me!


The issue of saccos was discussed here on wazua and it was concluded with statistics that it was cheaper taking a personal unsecured loan at 20%+ interest than taking a sacco loan at 12%.


@vvs, @swenani, it is possible I do not understand what reducing balance is but I thought I did. Have a look at this images from my sacco calculator and tell if it is reducing balance or not:



and this schedule:
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