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Centum FY2016 div comeback 1/- net profit +25%
alotoftalk
#121 Posted : Thursday, June 09, 2016 7:27:37 AM
Rank: Member

Joined: 8/27/2015
Posts: 138
Location: Harare
Another question. I am not very familiar with the rest of the Almasi shareholding i.e ex-Centum but last I checked SABCO has interests in Nairobi Bottlers which is part of Almasi.

Trying to check if anyone is familiar with the shareholding of CocaCola Beverages Africa (newly formed through merger of Coca-Cola SABCO, SAB Miller and GFI) in Almasi and if this will have any impact in the product mix and probabilities of SAB acquiring Centum's statke in the Almasi business since SAB Miller is already active in the Kenyan water bottling and beer sectors.
Investment philosophy development in progress...
Ericsson
#122 Posted : Thursday, June 09, 2016 7:34:59 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@VVS
Centum doesn't need a bailout for now but if things go as they are it will need one.
Mumias,Uchumi are other examples
Even KQ didn't need a bailout from GOK back then but see where it is now.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#123 Posted : Thursday, June 09, 2016 8:15:34 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
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.

Centum makes money. It doesn't ask for a bailout.
KQ loses money. For years. Lots of it.

I would rather GoK stayed away from Centum.
GoK should also sell off (or not vote) shares in NBK, KCB, KQ, KenRe, etc.
Look at Safaricom where GoK isn't allowed to interfere by Vodacom. Now compare to KQ, NBK, etc.

KQ badly needs GoK. I would not invest in KQ without govt significant holding
The poor Kenyan taxpayer, @VVS included, who has to take it up the arse without any lubrication. A bailout funded by my taxes.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#124 Posted : Thursday, June 09, 2016 8:17:30 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Ericsson wrote:
@VVS
Centum doesn't need a bailout for now but if things go as they are it will need one.
Mumias,Uchumi are other examples
Even KQ didn't need a bailout from GOK back then but see where it is now.
No-one should get a bailout. Not Centum. Not KQ.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
streetwise
#125 Posted : Thursday, June 09, 2016 8:26:09 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Centum is a private company are you saying the government should stop you from selling you house since they know the consequences.

Then can sell even the certificate of they want. As a shareholder you have a right to complaint directly, to CMA,at the agm, via social media or even by going to court.

Those are the options my dear
Ebenyo
#126 Posted : Thursday, June 09, 2016 8:50:39 AM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
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.

Let me get this right.Last year Centum paid employees kshs 1 billion bonus.This year again,they are paying employees kshs 600 milion.Thats a total of kshs 1.6 bilion.Meanwhile last year shareholders were paid nothing.This year they will get kshs 665 milion.
An employee is more important than a shareholder in this company.An office cleaner of this company walks home with kshs 10 milion annualy besides salary.A shareholder walks home with kshs 13000!
Towards the goal of financial freedom
Plimsoul
#127 Posted : Thursday, June 09, 2016 9:05:06 AM
Rank: Member

Joined: 3/3/2016
Posts: 132
Ebenyo wrote:

Let me get this right.Last year Centum paid employees kshs 1 billion bonus.This year again,they are paying employees kshs 600 milion.Thats a total of kshs 1.6 bilion.Meanwhile last year shareholders were paid nothing.This year they will get kshs 665 milion.
An employee is more important than a shareholder in this company.An office cleaner of this company walks home with kshs 10 milion annualy besides salary.A shareholder walks home with kshs 13000!


Sounds like great AGM question. As the CBK governor said, shareholders shouldn't just go there for umbrellas.
Swenani
#128 Posted : Thursday, June 09, 2016 9:10:45 AM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Is the bonus cash or stocks?
If Obiero did it, Who Am I?
MaichBlack
#129 Posted : Thursday, June 09, 2016 9:11:57 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
Ebenyo 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.

Let me get this right.Last year Centum paid employees kshs 1 billion bonus.This year again,they are paying employees kshs 600 milion.Thats a total of kshs 1.6 bilion.Meanwhile last year shareholders were paid nothing.This year they will get kshs 665 milion.
An employee is more important than a shareholder in this company.An office cleaner of this company walks home with kshs 10 milion annualy besides salary.A shareholder walks home with kshs 13000!

And it will get worse when the sh!t hits the fan and shareholders are left with a shell having not received dividends for years. The employees and directors walk into the sunset with bags of money.

It is better to be left with a shell having received dividends for years!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
MaichBlack
#130 Posted : Thursday, June 09, 2016 9:14:02 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
Swenani wrote:
Is the bonus cash or stocks?

Money money money, moooney!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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