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Centum FY2016 div comeback 1/- net profit +25%
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moneydust
#101 Posted : Wednesday, June 08, 2016 7:46:03 PM
Rank: Member

Joined: 1/31/2007
Posts: 304
Ericsson wrote:
Centum sales stakes in profitable companies it owns e.g AON Minet then distributes the realised profits to employees as bonus.
Killing the goose that lays the golden egg.

@VVS
I own no stake in Centum.The last shares I used to own exited in 2013.
Hii ni moto ya kuotea mbali


Seconded..you cant keep selling things every year to make mega profits,soon you will run out of things to sell,then what??.Where will the mega profits come from???
Their premier investment,the two rivers mall,is way way behind schedule and this delay has everything to do with cashflow,their sell off's in this investment has also been necessitated by cash flow problems.Then to add insult to injury you give employees Ksh600M as bonus..what the hell?
You need to have balls of steel to remain in this..Clearly sheep are being led to the slaughter
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murchr
#102 Posted : Wednesday, June 08, 2016 7:46:49 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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enyands
#103 Posted : Wednesday, June 08, 2016 7:51:20 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
mlennyma wrote:
enyands wrote:
Plimsoul wrote:
Centum is using the bonuses for employee retention. Except the team looks different every year based on annual reports and introductions at the briefings.



Plimsoul with all the due respect I have are they the only employees in kenya who are qualified with top cream brain? I think this is just an excuse to fatten the employees ..that's how i see it

this smells like an ethnic grouping enriching itself,i doubt this generosity can just be given to the normal employee


I know the MD of one of tier one bank used to get a dividend of 30M+ every year as bonus to his account.this is an MD/CEO we are talking ok. Now back to these guys of top cream employees,i don't understand how each one of the employees gets an avarage of 12m+ BONUSES . How many MDs have they employed in centum to recieve such. Anyway I'm done ranting . It's not my company ,waiting for it at 50 and I'm out .that's all for now
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  | | Edit by user: Wednesday, June 08, 2016 7:52 PM | Reason: Not specified
Ericsson
#104 Posted : Wednesday, June 08, 2016 7:54:31 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@mlennyma
I concur with you the employees profile of the company just shows it's an ethnic grouping enriching itself
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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enyands
#105 Posted : Wednesday, June 08, 2016 7:57:21 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
murchr wrote:


The 400m bonus for employee to make it 1b (on top of 600m) I had a suspicion it will be hidden here inform of hideous costs It's coming to pass now .
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Spikes
#106 Posted : Wednesday, June 08, 2016 10:32:27 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
enyands wrote:
Who cares if employees get alot of bonuses if the shareholders are also rewarded the same. In centum the employees are rewarded more than their employers/shareholders. Warren Buffet is in usa we are in kenya so comparing the two is a Disneyland fantasy.

Bottom line is what they are doing doesn't feel right in my stomach.



Tribalism! Tribalism! Tribalism! Since you are from my ethnic cocoon, you are obviously qualified for billions of executive perks, bonuses and other emoluments. Ukabila utawaua waKenya jameni. If the big fish is your tribesman you automatically qualify for appointments to lead major corporations. Hiyo si siri. Angalia nearly all organisations are run by men and women from one community right from top to bottom levels. I don't know how they manipulate their way forcefully up the ladder. But as for me I don't care as I know I am smart of pushing my way up the hierarchy of success without a godfather. I am only concerned of the weak brothers and sisters out there instead of getting protection are ruthlessly exploited .Shafting continues...
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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  | | Edit by user: Wednesday, June 08, 2016 10:36 PM | Reason: Not specified
enyands
#107 Posted : Wednesday, June 08, 2016 11:26:51 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Spikes wrote:
enyands wrote:
Who cares if employees get alot of bonuses if the shareholders are also rewarded the same. In centum the employees are rewarded more than their employers/shareholders. Warren Buffet is in usa we are in kenya so comparing the two is a Disneyland fantasy.

Bottom line is what they are doing doesn't feel right in my stomach.



Tribalism! Tribalism! Tribalism! Since you are from my ethnic cocoon, you are obviously qualified for billions of executive perks, bonuses and other emoluments. Ukabila utawaua waKenya jameni. If the big fish is your tribesman you automatically qualify for appointments to lead major corporations. Hiyo si siri. Angalia nearly all organisations are run by men and women from one community right from top to bottom levels. I don't know how they manipulate their way forcefully up the ladder. But as for me I don't care as I know I am smart of pushing my way up the hierarchy of success without a godfather. I am only concerned of the weak brothers and sisters out there instead of getting protection are ruthlessly exploited .Shafting continues...


Your team therapy is bearing fruits Laughing out loudly Laughing out loudly for once you are positive jamaa.but you made alot of sense
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Ericsson
#108 Posted : Wednesday, June 08, 2016 11:36:23 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
GOK owns 23.6% of CENTUM via ICDC.Why can't they intervene and stop this madness and outright cannibalisation of this company by the leadership.
If they are intervening in KQ same should be made here before a shell is left and taxpayers are then told to foot the bill to bail it out.
During former president Kibaki's tenure Mworia and DJ would never have thought of giving out such obscene bonuses to employees whom we don't see anything extra-ordinary from them.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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enyands
#109 Posted : Thursday, June 09, 2016 12:00:02 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ericsson wrote:
GOK owns 23.6% of CENTUM via ICDC.Why can't they intervene and stop this madness and outright cannibalisation of this company by the leadership.
If they are intervening in KQ same should be made here before a shell is left and taxpayers are then told to foot the bill to bail it out.
During former president Kibaki's tenure Mworia and DJ would never have thought of giving out such obscene bonuses to employees whom we don't see anything extra-ordinary from them.



Tyranny of numbers should be blamed sir.
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gatoho
#110 Posted : Thursday, June 09, 2016 4:52:39 AM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
Ericsson wrote:
GOK owns 23.6% of CENTUM via ICDC.Why can't they intervene and stop this madness and outright cannibalisation of this company by the leadership.
If they are intervening in KQ same should be made here before a shell is left and taxpayers are then told to foot the bill to bail it out.
During former president Kibaki's tenure Mworia and DJ would never have thought of giving out such obscene bonuses to employees whom we don't see anything extra-ordinary from them.



To translate in Swahili, SERIKALI SAIDIA
Foresight..
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