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Centum Full Year results 2017/2018
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VituVingiSana
#61 Posted : Thursday, September 27, 2018 6:26:44 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,382
Location: Nairobi
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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RIEK01
#62 Posted : Thursday, September 27, 2018 6:54:06 PM
Rank: New-farer

Joined: 2/8/2018
Posts: 73
I think a major shareholder may have signed an agreement to sell his shares with the agreement that he collects dividends for financial year ended.
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VituVingiSana
#63 Posted : Friday, September 28, 2018 12:56:13 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,382
Location: Nairobi
RIEK01 wrote:
I think a major shareholder may have signed an agreement to sell his shares with the agreement that he collects dividends for financial year ended.

Why not just take 1.20 less WHT more for the shares?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#64 Posted : Friday, September 28, 2018 3:21:12 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,326
Location: nairobi
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.

Whatever the idea, it's smelly
COOP, IMH, KEGN, KQ, MTNU
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VituVingiSana
#65 Posted : Friday, September 28, 2018 7:09:47 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,382
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.

Whatever the idea, it's smelly

Getting a dividend one day early sure beats getting no dividend for 6 years Laughing out loudly Laughing out loudly Laughing out loudly
Cash in the bank vs an "Open Offer" in a loss-making entity
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#66 Posted : Friday, September 28, 2018 10:07:21 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.


It will still be payable on the balance sheet because the payment date is beyond 30 September.
A 1 day trading difference is not that significant
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Pesa Nane
#67 Posted : Friday, September 28, 2018 2:24:54 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.

They should then state as much instead of peddling a lie in the notice that "The change in register closure date shall result in earlier payment of dividends to shareholders"
Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana
#68 Posted : Friday, September 28, 2018 5:24:47 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,382
Location: Nairobi
Pesa Nane wrote:
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.

They should then state as much instead of peddling a lie in the notice that "The change in register closure date shall result in earlier payment of dividends to shareholders"
Yes, agreed. Why even close the register on 2nd Oct i.e. cross into another reporting period?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#69 Posted : Friday, September 28, 2018 5:46:11 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,820
Location: NAIROBI
VituVingiSana wrote:
Pesa Nane wrote:
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.

They should then state as much instead of peddling a lie in the notice that "The change in register closure date shall result in earlier payment of dividends to shareholders"
Yes, agreed. Why even close the register on 2nd Oct i.e. cross into another reporting period?


Centum in collabo with DJ CK and James Mworia for you
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#70 Posted : Friday, September 28, 2018 7:24:29 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,382
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Pesa Nane wrote:
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.

They should then state as much instead of peddling a lie in the notice that "The change in register closure date shall result in earlier payment of dividends to shareholders"
Yes, agreed. Why even close the register on 2nd Oct i.e. cross into another reporting period?


Centum in collabo with DJ CK and James Mworia for you
But the why isn't answered. Just conspiracy theories. In the meantime, I will get my dividend one day sooner Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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