I think Sidian should pay its taxes to KRA in bankers' chqs! ... I wonder what CBK has to say about that.

That said... it's rumors like these that can cause stress for otherwise healthy banks.

@MuandiWambeu - Centum can find a partner [or foreign bank] which wants to be in Kenya to inject cash OR sell out. Take the loss and be done.

@alotoftalk - I think they should look for a banking partner who can bring money/equity as well as skills to the table.

Heeeelp! Anyone?

Thats a daft move. I sold out at 42/- glad I did. Reason I sold was:
1. Didnt understand their strategy anymore
2. They have sold alot of their assets KWAL, 2 rivers etc what would they use in future to prop up their profits? What else do they have remaining with the exception of NAS, NAIROBI bottlers & Almasi? Maybe the veggie export co?
3. Sidian was a major factor in my selling. Not an industry leader by a long shot.

From the proceeds of this sale, ended up buying more simba at 37-38

Two things
1. At kshs 3.9 to a range of 5 bob, deacons becomes a good buy target as i believe it has a wrong strategy that can be twicked
2. I am beginning to rethink my holdings in Banks, nobody is saying it for fear, but our banks are now beginning to hol;d toxic assets...think about loans to Kq, Nakumatt, Uchumi, Cables etc.....

Owners of companies tend to be over optimistic

He didn't have anywhere else to put his money from HACO and UAP.

Anyway of knowing the original value and revalued value of the vipingo land in the books of centum?

So they bought roughly 10,000 acres in vipingo for about 2b (about 200,000/- per acre)

As per their FY 2017, vipingo land is valued at 7.4B or roughly 740k per acre. NB there is a good chunk of beachfront land as well.

But the crown jewel would have to be their stake in Almasi & Nairobi Bottlers

I see thetamu and simba have identical pricing,in not so distant future,simba will be blown into smithereens.

Was talking of CENTUM/KCB share price,both circa 45 currently,then looked at afew parameters like PE/EPS/NAV.No doubt CENTUM will double in price first,their business model notwithstanding.(both are my anchor counters btw)