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Centum pays out KSH 1 billion to employees
Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
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Rollout wrote:It doesn't seem odd to me since you have to keep talents otherwise Centum will not be there. It's only $10M The biggest problem is not the pay; is how they are being paid. Why are they getting cash while shareholders are not getting dividends. They should be paid in share options and grants vesting over 3 to 5 years; not cash. Investment philosophy development in progress...
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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enyands wrote:Ericsson wrote:@Aguytrying
I concur with you.If a company doesn't pay dividends and is making a profit is as good as dead as dodo.Even ARM pays dividends and yet it was in a growth trajectory phase plus the loans it had taken.
Small companies that joined juzi like CIC Insurance even them pay dividends.
Something just doesn't sing right with me concerning Centum.Time will tell Tell that to horton who bought it at 16 a piece and didn't sell when it was 65.  Mvumilivu hula mbivu "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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Ideally bonuses paid should never be higher than dividend the company issues Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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enyands wrote:Ericsson wrote:@Aguytrying
I concur with you.If a company doesn't pay dividends and is making a profit is as good as dead as dodo.Even ARM pays dividends and yet it was in a growth trajectory phase plus the loans it had taken.
Small companies that joined juzi like CIC Insurance even them pay dividends.
Something just doesn't sing right with me concerning Centum.Time will tell Tell that to horton who bought it at 16 a piece and didn't sell when it was 65. should have sold and rebought now hindsight is usually 20/20 Currently buying. Putting an order today
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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Centum is planning to mark to market the value of Two Rivers Mall to prop up the full year 2015/2016 profits which they will be announcing later this week. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Ericsson wrote:Centum is planning to mark to market the value of Two Rivers Mall to prop up the full year 2015/2016 profits which they will be announcing later this week. Did I read somewhere that the stake of centum in two rivers is 10% or where did I read this
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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Yes @enyands. The whole complex will be valued at around sh.30bn++ so centum stake will translate to about sh.3bn. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Ericsson wrote:Yes @enyands.
The whole complex will be valued at around sh.30bn++ so centum stake will translate to about sh.3bn.
This is sad. Hii kelele mingi about two rivers is only 10% .thought the dude owns 50%.soon is found to be a shell company for investors.
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Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole
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enyands wrote:Ericsson wrote:Centum is planning to mark to market the value of Two Rivers Mall to prop up the full year 2015/2016 profits which they will be announcing later this week. Did I read somewhere that the stake of centum in two rivers is 10% or where did I read this Pata potea. shareholder will be left high and dry KEGN, KPLC, KQ, SCOM
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Rank: Member Joined: 1/1/2010 Posts: 518 Location: kandara, Murang'a
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I bought 800 at 20/-, then got a bonus, should have streamlined my pf at 65 Foresight..
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Centum pays out KSH 1 billion to employees
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