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Centum FY2016 div comeback 1/- net profit +25%
mlennyma
#61 Posted : Wednesday, June 08, 2016 9:49:42 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Ericsson wrote:
Desperate measures to try and rescue the share price.
It will still continue plunging.
"Kenya's biggest publicly traded investor, Centum Investment Co., said its full-year profit rose by 25 percent, boosted by Kenya's stock market gains."

Which are these yet we have been in a bear run

it depends on when they bought
"Don't let the fear of losing be greater than the excitement of winning."
watesh
#62 Posted : Wednesday, June 08, 2016 10:55:10 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
Jump was due to revaluation of investment properties i.e Two Rivers etc

Minus these revaluations, anyone with an idea how much this company made?
jgithige
#63 Posted : Wednesday, June 08, 2016 10:56:43 AM
Rank: Member

Joined: 7/10/2014
Posts: 145
Location: Nairobi
With my Kshs 40 or 45, I would rather have 1 share of Centum than 10 shares of KQ
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
Ericsson
#64 Posted : Wednesday, June 08, 2016 11:10:36 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Employees to receive ksh.1bn bonus
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
enyands
#65 Posted : Wednesday, June 08, 2016 11:13:36 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ericsson wrote:
Employees to receive ksh.1bn bonus



Again? ? Another 1b??
Ericsson
#66 Posted : Wednesday, June 08, 2016 11:15:22 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
Yes check DJ CK tweeter handle on updates of the full year results
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Aguytrying
#67 Posted : Wednesday, June 08, 2016 11:34:13 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
The good thing is that they a paying a divdend that was a major gripe i had with them. Now let it be consistent.

This employee bonus if true is very suspicious. Who are the empolyees who will get the biggest bonus? obviously the higher ranked ones with CEO at the top. What's the salary for. they should do ESOPs that way sharholders and employees interest become more aligned.

lastly this hoping in and out of companies like a money jumping from tree to tree should stop, I saw something to that effect in the comments lets see if they come through
The investor's chief problem - and even his worst enemy - is likely to be himself
kimanimsc
#68 Posted : Wednesday, June 08, 2016 11:42:01 AM
Rank: Member

Joined: 5/4/2015
Posts: 241
Location: Kahno
Ericsson wrote:
Employees to receive ksh.1bn bonus


The real figure is 600 million, DJ has clarified in his twitter.
Plimsoul
#69 Posted : Wednesday, June 08, 2016 11:42:05 AM
Rank: Member

Joined: 3/3/2016
Posts: 132
Did they mention when Two Rivers Mall will be opened?

It was meant to be October 2015, then December, then they said definitely March 2016. It's June, have they announced an opening date?

I wonder what caused the delay
Ericsson
#70 Posted : Wednesday, June 08, 2016 11:46:51 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@Aguytrying
The hoping is not about to end;that is how they can keep telling you they made a profit.
Right now they are looking for a company to exit so that half year 2016 profits look good
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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