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Centum FY2016 div comeback 1/- net profit +25%
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murchr
#141 Posted : Thursday, June 09, 2016 8:32:00 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
No one here is surprised. It's been the norm for centum
"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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researchfirst
#142 Posted : Thursday, June 09, 2016 8:39:03 PM
Rank: Member

Joined: 2/24/2015
Posts: 154
Location: Nairobi
murchr wrote:
No one here is surprised. It's been the norm for centum


Of course it is the norm, it is their stated policy. That's my point.
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murchr
#143 Posted : Thursday, June 09, 2016 8:40:14 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
researchfirst wrote:
murchr wrote:
No one here is surprised. It's been the norm for centum


Of course it is the norm, it is their stated policy. That's my point.


The discussion is on the stupid policy of awarding employees at the expense of owners. Classic case of agency theory
"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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mkate_nusu
#144 Posted : Thursday, June 09, 2016 8:48:58 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Very true

What is the 'Agency Theory'
The agency theory is a supposition that explains the relationship between principals and agents in business. Agency theory is concerned with resolving problems that can exist in agency relationships; that is, between principals (such as shareholders) and agents of the principals (for example, company executives). The two problems that agency theory addresses are:
1.) the problems that arise when the desires or goals of the principal and agent are in conflict, and the principal is unable to verify (because it difficult and/or expensive to do so) what the agent is actually doing; and
2.) the problems that arise when the principal and agent have different attitudes towards risk. Because of different risk tolerances, the principal and agent may each be inclined to take different actions.



Read more: Here
KEGN, KPLC, KQ, SCOM
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guru267
#145 Posted : Thursday, June 09, 2016 9:16:10 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Management paid themselves a bonus of less than 10% of PBT... What's the big deal? This is the market average isnt it???

This same management has worked their butts off to grow shareholder wealth over the years..

Some cry baby is selling shares because of that... All I say is Sayonara!!
Mark 12:29
Deuteronomy 4:16
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researchfirst
#146 Posted : Thursday, June 09, 2016 9:25:48 PM
Rank: Member

Joined: 2/24/2015
Posts: 154
Location: Nairobi
guru267 wrote:
Management paid themselves a bonus of less than 10% of PBT... What's the big deal? This is the market average isnt it???

This same management has worked their butts off to grow shareholder wealth over the years..

Some cry baby is selling shares because of that... All I say is Sayonara!!


I agree completely. All salaries, bonuses, etc. are, by definition, "at the expense" of owners. There is always a balance to be struck between who gets what. I think this balance is working, which is why I am an owner. For those of you who are not, Centum's share price has always tracked NAV closely. It is now trading at around 20% less than NAV per share. This is a no-brainer investment.
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enyands
#147 Posted : Thursday, June 09, 2016 9:32:07 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
What wealth has grown if it has not been showing on the dividends and share price? What they have been doing is growing their employee wealth that's the bottom line .

Infact my share is way less than what I bought. If you bought yours earlier when it was 16 lucky you.So when you talk about wealth then heaven speak to me as a shareholder since I see no wealth in my dry bank account.EXCEPT that the wealth of 1 billion going to employees last year and 600m this year.Hope you got your answer .So explain to me like a baby who is about to be done crying what wealth you are talking of that has be grown,of which you can say yes this is mine ,if not silent be it ...
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  | | Edit by user: Thursday, June 09, 2016 9:35 PM | Reason: Not specified
murchr
#148 Posted : Thursday, June 09, 2016 10:09:31 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
guru267 wrote:
Management paid themselves a bonus of less than 10% of PBT... What's the big deal? This is the market average isnt it???

This same management has worked their butts off to grow shareholder wealth over the years..

Some cry baby is selling shares because of that... All I say is Sayonara!!


How much has management given to shareholders? Hio ndio shida.
"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
#149 Posted : Thursday, June 09, 2016 11:29:44 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
murchr wrote:
guru267 wrote:
Management paid themselves a bonus of less than 10% of PBT... What's the big deal? This is the market average isnt it???

This same management has worked their butts off to grow shareholder wealth over the years..

Some cry baby is selling shares because of that... All I say is Sayonara!!


How much has management given to shareholders? Hio ndio shida.



DJ Bags 200M
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guru267
#150 Posted : Friday, June 10, 2016 7:03:21 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
enyands wrote:
murchr wrote:
guru267 wrote:
Management paid themselves a bonus of less than 10% of PBT... What's the big deal? This is the market average isnt it???

This same management has worked their butts off to grow shareholder wealth over the years..

Some cry baby is selling shares because of that... All I say is Sayonara!!


How much has management given to shareholders? Hio ndio shida.



DJ Bags 200M


To consider dividend as the only source of return is narrow thinking...


Also From management's point of view... Would I rather pay bonus to retain a key return generating staff member or pay dividends to retain a cry baby Wanjiku shareholder... Its a no brainer

Mark 12:29
Deuteronomy 4:16
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  | | Edit by user: Friday, June 10, 2016 7:06 AM | Reason: Not specified
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