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Centum Full Year results 2017/2018
Rank: Chief Joined: 1/3/2007 Posts: 18,382 Location: Nairobi
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mlennyma wrote:Gaining on speculative volume. Sina chapaa but I believe in it for the medium term. Sina insider info  I read the Annual Report and the Investor Presentation. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 2,022 Location: Kitale
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Total. liabilities-45,391,000 Total equity-50,897,000 Debt to equity ratio-89% Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,382 Location: Nairobi
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Ebenyo wrote:Total. liabilities-45,391,000
Total equity-50,897,000
Debt to equity ratio-89% From the Debt you should deduct the cash (and liquid assets) they have. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/4/2016 Posts: 2,022 Location: Kitale
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VituVingiSana wrote:Ebenyo wrote:Total. liabilities-45,391,000
Total equity-50,897,000
Debt to equity ratio-89% From the Debt you should deduct the cash (and liquid assets) they have. That means there is some sort of reliance on sidian bank which is loss making. The amount you are saying is titled customer deposit which is 12,832,000. kwani sidian bank only have 12m in deposits? Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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Ebenyo wrote:VituVingiSana wrote:Ebenyo wrote:Total. liabilities-45,391,000
Total equity-50,897,000
Debt to equity ratio-89% From the Debt you should deduct the cash (and liquid assets) they have. That means there is some sort of reliance on sidian bank which is loss making. The amount you are saying is titled customer deposit which is 12,832,000. kwani sidian bank only have 12m in deposits? As per FY2017 results yes Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,326 Location: nairobi
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Trash  COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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obiero wrote:Trash It is fattened for slaughter Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,326 Location: nairobi
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Ericsson wrote:obiero wrote:Trash It is fattened for slaughter Clear manipulation on the provisions as well as commission and fees COOP, IMH, KEGN, KQ, MTNU
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Rank: Chief Joined: 1/3/2007 Posts: 18,382 Location: Nairobi
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Ebenyo wrote:VituVingiSana wrote:Ebenyo wrote:Total. liabilities-45,391,000
Total equity-50,897,000
Debt to equity ratio-89% From the Debt you should deduct the cash (and liquid assets) they have. That means there is some sort of reliance on sidian bank which is loss making. The amount you are saying is titled customer deposit which is 12,832,000. kwani sidian bank only have 12m in deposits? Customer Deposits are 12.8 BILLION. From the 45bn you should deduct the portion at that attributable to bank deposits and bank borrowings given these are not obligations of Centum and Centum does not have direct access to these funds. As an example: If HF goes under, then Britam loses its deposits at HF and the % of its portion of shareholders capital.
45bn - 12.8bn - 3.2bn = 29bn * Deferred Income Tax may or may no be considered a liability for this calculation given it only mature if there is a taxable event. There are other "Minority Shareholders" in the group so let's look at the D:E Ratio for the "Company" which is more representative. Debt: 17.4bn Equity: 48.7bn Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,382 Location: Nairobi
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obiero wrote:Trash Thanks for this information. Very kind of you. Sidian Bank posts Sh22 million profit on income jump https://www.businessdail...4136-wmn7jvz/index.html
I am glad that Sidian has posted its first quarterly profit as far as I can remember after the interest rate cap. This Jan-Mar 2019 results will contribute to the FY19 results for Centum.  Let's see how 2Q shapes up but if Sidian keeps up the good work then I see a ongoing contributions to Centum's FY19-23 results. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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