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Centum FY 2019 eps up 69% with div of 1.20/-
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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VituVingiSana wrote:whiteowl wrote:I think this is conspiracy by CK to bring it down near 20 and buy more shares.Some years back the price shot up after the "1 Billion war chest" story and I don't think he was done buying. Well, then join him  I will.Right now this stock needs as much negative news as it can get.
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Rank: Chief Joined: 1/3/2007 Posts: 18,382 Location: Nairobi
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whiteowl wrote:VituVingiSana wrote:whiteowl wrote:I think this is conspiracy by CK to bring it down near 20 and buy more shares.Some years back the price shot up after the "1 Billion war chest" story and I don't think he was done buying. Well, then join him I will. Right now this stock needs as much negative news as it can get.  I saw a trade first thing at 30.25 but it looks pre-negotiated. Next trade at 31.75  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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Environmental tribunal cancels Environmental Impact Assessment license for Lamu coal project over failure by NEMA to comply with the law Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,938
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Ericsson wrote:Environmental tribunal cancels Environmental Impact Assessment license for Lamu coal project over failure by NEMA to comply with the law I knew this coal project was bound to bring controversy, that is Kenya for you. Whenever you have +3 & more regulator/regulatory bodies be very careful in your investment steps. Anyway let us see how it works out!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Angelica _ann wrote:Ericsson wrote:Environmental tribunal cancels Environmental Impact Assessment license for Lamu coal project over failure by NEMA to comply with the law I knew this coal project was bound to bring controversy, that is Kenya for you. Whenever you have +3 & more regulator/regulatory bodies be very careful in your investment steps. Anyway let us see how it works out!!! Hmmmm so what next for Centum? Lamu coal, sidian, 2 rivers in trouble. Almasi sold 
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Rank: Chief Joined: 1/3/2007 Posts: 18,382 Location: Nairobi
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Horton wrote:Angelica _ann wrote:Ericsson wrote:Environmental tribunal cancels Environmental Impact Assessment license for Lamu coal project over failure by NEMA to comply with the law I knew this coal project was bound to bring controversy, that is Kenya for you. Whenever you have +3 & more regulator/regulatory bodies be very careful in your investment steps. Anyway let us see how it works out!!! Hmmmm so what next for Centum? Lamu coal, sidian, 2 rivers in trouble. Almasi sold SELL! SELL! SELL! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,324 Location: nairobi
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VituVingiSana wrote:Horton wrote:Angelica _ann wrote:Ericsson wrote:Environmental tribunal cancels Environmental Impact Assessment license for Lamu coal project over failure by NEMA to comply with the law I knew this coal project was bound to bring controversy, that is Kenya for you. Whenever you have +3 & more regulator/regulatory bodies be very careful in your investment steps. Anyway let us see how it works out!!! Hmmmm so what next for Centum? Lamu coal, sidian, 2 rivers in trouble. Almasi sold SELL! SELL! SELL! I'm more worried about the founding father COOP, IMH, KEGN, KQ, MTNU
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Rank: Member Joined: 2/20/2007 Posts: 767
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I have never trusted the managements motives. They pay themselves fat cash bonuses based on non cash revaluation profits. Maybe the chickens are finally coming home to roost. For me, its very clear that management motives and that of shareholders are not alligned. They give themselves current cash while promising shareholders future profits. They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:VituVingiSana wrote:Horton wrote:Angelica _ann wrote:Ericsson wrote:Environmental tribunal cancels Environmental Impact Assessment license for Lamu coal project over failure by NEMA to comply with the law I knew this coal project was bound to bring controversy, that is Kenya for you. Whenever you have +3 & more regulator/regulatory bodies be very careful in your investment steps. Anyway let us see how it works out!!! Hmmmm so what next for Centum? Lamu coal, sidian, 2 rivers in trouble. Almasi sold SELL! SELL! SELL! I'm more worried about the founding father Centum was founded in 1967 as investment arm of ICDC whereby individuals were admitted to invest alongside GOK. The "founding father" increased his stake by participating in cash calls and buying from open market. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,382 Location: Nairobi
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tom_boy wrote:I have never trusted the managements motives. They pay themselves fat cash bonuses based on non cash revaluation profits. Maybe the chickens are finally coming home to roost.
For me, its very clear that management motives and that of shareholders are not alligned. They give themselves current cash while promising shareholders future profits. SELL! SELL! SELL! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Centum FY 2019 eps up 69% with div of 1.20/-
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