i questioned the fact that he owned very few shares.If a CEO has confidence in a company they buy shares,why mworia doesn't have more shares than the 2m worth is baffling to say the least

Who remembers the fast (unsustainable) expansion of Uchumi under kirubi's management group?

The careful but very profitable expansion under Suresh Shah was dumped for rapid expansion using loans, delayed creditor payments and poor controls. Within 2-3 years after Shah had left as CEO, when Uchumi was flush with cash, the firm unraveled. Next thing we knew Uchumi was bankrupt. ICDCIC (Centum) had dumped its shares since it knew things were not well.

Will Centum make the same errors?
Expand rapidly beyond its management capabilities?
Expand using loans at high interest rates?
Insiders dumping shares to unsuspecting investors?
Does a leopard change its spots?

Pronounced dead in 2012 while trading @12/=.
8 years later and trading at covid discount of 21.50/= I'd say it's the right time to buy. What say you @Ericsson and the rest of wazua community?

I am piling up this stock. In my opinion it's cheap on a valuation basis. First with the new dividend policy, we essentially have a guaranteed dividend every year that either goes up or stays the same. Their real estate investments are finally coming into the revenue section of the income statement since their first hand overs of the Vipingo Dev were to be in August and others December. They already sold land worth Ksh2.6 billion and it's still hasn't been recognized in the income statement till all the legal steps are done. Two new real estate projects have been announced in ideal locations. They have a sizeable cash pile ready to be deployed, talks are ongoing but I dont see anything being announced any time soon, maybe next year. Two Rivers has added a number of tenants this year and more to come. Ace Holding is close to breaking even. Debt has been fully paid down. Stock is cum dividend and it is trading lower than what it was trading in 2013.

Headwinds: Longhorn (their biggest dividend payer currently) will be in challenges for the next 2 years minimum, Sidian bank is back to losses. Isuzu for sure has recorded decreased sales. Nas Servair hasnt been operational since airport was closed.

Aren't all the above significant chunks of their portfolio? How do you know ACE is breaking even, and what's the likelihood they'll strike a geothermal well?

That said, there is a proposed stock buyback plan, which has worked wonders for companies in the US.