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Centum Full Year results 2017/2018
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Ericsson wrote:the deal wrote:This stock might go the Kenol Kobil way... If the DJ is ailing & can't do the day to day anymore and he doesn't have a successor among his children... Then the right thing to do is to sell to some of this SA companies like he has done with Haco to Tiger brands... UAP to Old Mutual... I don't think the DJ is the passive investor type... There were rumours a few years back that Investec were interested... Time will tell... At the moment the discount to NAV is mouth watering barring the troubles at Sidian Bank & real estate projects... He intended to make Polycarp Igathe the successor. His stake in Centum is about 31% not meaningful for an investor who wants to control and give strategic direction 31% can give you virtual control. In Kenya, in a firm with a diverse shareholding, the 31% at an AGM could be as good as 51% at an AGM/EGM since many shareholders do not vote. Others may support the "new owner" giving them additional heft. I do NOT expect a takeover for the entire firm. As is, I need to ramp up my shareholding, pending additional research, before I want a takeover! IMHO, I doubt CK will sell at 30 but his heirs may want the cash ASAP. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:Ericsson wrote:the deal wrote:This stock might go the Kenol Kobil way... If the DJ is ailing & can't do the day to day anymore and he doesn't have a successor among his children... Then the right thing to do is to sell to some of this SA companies like he has done with Haco to Tiger brands... UAP to Old Mutual... I don't think the DJ is the passive investor type... There were rumours a few years back that Investec were interested... Time will tell... At the moment the discount to NAV is mouth watering barring the troubles at Sidian Bank & real estate projects... He intended to make Polycarp Igathe the successor. His stake in Centum is about 31% not meaningful for an investor who wants to control and give strategic direction 31% can give you virtual control. In Kenya, in a firm with a diverse shareholding, the 31% at an AGM could be as good as 51% at an AGM/EGM since many shareholders do not vote. Others may support the "new owner" giving them additional heft. I do NOT expect a takeover for the entire firm. As is, I need to ramp up my shareholding, pending additional research, before I want a takeover! IMHO, I doubt CK will sell at 30 but his heirs may want the cash ASAP. I remember a time not so long ago when he said he was still a buyer of these shares at Kshs 100 Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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guru267 wrote:VituVingiSana wrote:Ericsson wrote:the deal wrote:This stock might go the Kenol Kobil way... If the DJ is ailing & can't do the day to day anymore and he doesn't have a successor among his children... Then the right thing to do is to sell to some of this SA companies like he has done with Haco to Tiger brands... UAP to Old Mutual... I don't think the DJ is the passive investor type... There were rumours a few years back that Investec were interested... Time will tell... At the moment the discount to NAV is mouth watering barring the troubles at Sidian Bank & real estate projects... He intended to make Polycarp Igathe the successor. His stake in Centum is about 31% not meaningful for an investor who wants to control and give strategic direction 31% can give you virtual control. In Kenya, in a firm with a diverse shareholding, the 31% at an AGM could be as good as 51% at an AGM/EGM since many shareholders do not vote. Others may support the "new owner" giving them additional heft. I do NOT expect a takeover for the entire firm. As is, I need to ramp up my shareholding, pending additional research, before I want a takeover! IMHO, I doubt CK will sell at 30 but his heirs may want the cash ASAP. I remember a time not so long ago when he said he was still a buyer of these shares at Kshs 100 He actually did say that.. But I guess as a holder of significant shares himself, it could just be a ploy to prop up the share
KQ ABP 4.26
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:the deal wrote:This stock might go the Kenol Kobil way... If the DJ is ailing & can't do the day to day anymore and he doesn't have a successor among his children... Then the right thing to do is to sell to some of this SA companies like he has done with Haco to Tiger brands... UAP to Old Mutual... I don't think the DJ is the passive investor type... There were rumours a few years back that Investec were interested... Time will tell... At the moment the discount to NAV is mouth watering barring the troubles at Sidian Bank & real estate projects... He intended to make Polycarp Igathe the successor. His stake in Centum is about 31% not meaningful for an investor who wants to control and give strategic direction 31% can give you virtual control. In Kenya, in a firm with a diverse shareholding, the 31% at an AGM could be as good as 51% at an AGM/EGM since many shareholders do not vote. Others may support the "new owner" giving them additional heft. I do NOT expect a takeover for the entire firm. As is, I need to ramp up my shareholding, pending additional research, before I want a takeover! IMHO, I doubt CK will sell at 30 but his heirs may want the cash ASAP. You don't fight the government when in Africa. Remember it still has a significant stake and influence Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:guru267 wrote:VituVingiSana wrote:Ericsson wrote:the deal wrote:This stock might go the Kenol Kobil way... If the DJ is ailing & can't do the day to day anymore and he doesn't have a successor among his children... Then the right thing to do is to sell to some of this SA companies like he has done with Haco to Tiger brands... UAP to Old Mutual... I don't think the DJ is the passive investor type... There were rumours a few years back that Investec were interested... Time will tell... At the moment the discount to NAV is mouth watering barring the troubles at Sidian Bank & real estate projects... He intended to make Polycarp Igathe the successor. His stake in Centum is about 31% not meaningful for an investor who wants to control and give strategic direction 31% can give you virtual control. In Kenya, in a firm with a diverse shareholding, the 31% at an AGM could be as good as 51% at an AGM/EGM since many shareholders do not vote. Others may support the "new owner" giving them additional heft. I do NOT expect a takeover for the entire firm. As is, I need to ramp up my shareholding, pending additional research, before I want a takeover! IMHO, I doubt CK will sell at 30 but his heirs may want the cash ASAP. I remember a time not so long ago when he said he was still a buyer of these shares at Kshs 100 He actually did say that.. But I guess as a holder of significant shares himself, it could just be a ploy to prop up the share Maybe not. If there is free float and he has cash, he will definitely buy. Centum Started out as the Investment arm of ICDC. ICDC is a Parastatal but they invited private individuals to subscribe to the ICDCI shares. DJ CK built up his shareholding in Centum by participating in cash calls and buying from other shareholders. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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sparkly wrote:obiero wrote:guru267 wrote:VituVingiSana wrote:Ericsson wrote:the deal wrote:This stock might go the Kenol Kobil way... If the DJ is ailing & can't do the day to day anymore and he doesn't have a successor among his children... Then the right thing to do is to sell to some of this SA companies like he has done with Haco to Tiger brands... UAP to Old Mutual... I don't think the DJ is the passive investor type... There were rumours a few years back that Investec were interested... Time will tell... At the moment the discount to NAV is mouth watering barring the troubles at Sidian Bank & real estate projects... He intended to make Polycarp Igathe the successor. His stake in Centum is about 31% not meaningful for an investor who wants to control and give strategic direction 31% can give you virtual control. In Kenya, in a firm with a diverse shareholding, the 31% at an AGM could be as good as 51% at an AGM/EGM since many shareholders do not vote. Others may support the "new owner" giving them additional heft. I do NOT expect a takeover for the entire firm. As is, I need to ramp up my shareholding, pending additional research, before I want a takeover! IMHO, I doubt CK will sell at 30 but his heirs may want the cash ASAP. I remember a time not so long ago when he said he was still a buyer of these shares at Kshs 100 He actually did say that.. But I guess as a holder of significant shares himself, it could just be a ploy to prop up the share Maybe not. If there is free float and he has cash, he will definitely buy. Centum Started out as the Investment arm of ICDC. ICDC is a Parastatal but they invited private individuals to subscribe to the ICDCI shares. DJ CK built up his shareholding in Centum by participating in cash calls and buying from other shareholders. @sparkly Half year results f0r 2018/2019 will be out when Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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https://www.businessdailyafrica.com/corporate/companies/Centum-signs-Sh1-2bn-Vipingo-home-deals/4003102-4862882-view-asAMP-12d289i/index.htmlInvestment company Centum #ticker:ICDC has signed sale agreements with prospective homebuyers for units worth Sh1.2 billion at its expansive Vipingo real estate project at the Coast. The Nairobi Securities Exchange-listed firm says it has sold 156 units, comprising of maisonettes, bungalows and apartments, at the 10,254-acre Vipingo Development in Kilifi. The firm is set to release its half-year results on Monday. There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Hii ni PR tactics to push up the share price.We heard this before in the case of pearl marina,till today the project is yet to take off. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Centum in deal to clean ocean water at Vipingo estateQuote:Investment firm Centum has signed a Sh321.15 million ($3.2 million) deal with a Dubai water management solutions firm for a seawater desalination plant at its proposed multi-billion shilling housing project in Kilifi.
Metito (Overseas) Ltd has been handed a one-year contract to set up a plant that will freshen salty Indian Ocean water by removing saline minerals.
The firm, which besides water desalination also manufactures water and wastewater treatment systems, has been given up to September 2019 to complete the project.
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Isuzu says has capacity to make 30 mass transit buses monthly https://www.businessdail...4648-p8m2duz/index.html
>>> Centum is a significant shareholder in this firm Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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