A pity about the dividend when CICP has 7.5bn in cash equivalents.
The loss was expected due to COVID19.

FV Losses also expected with a tough real estate market.

A pity about the dividend when CICP has 7.5bn in cash equivalents.
The loss was expected due to COVID19.

FV Losses also expected with a tough real estate market.

They are playing it safe and cautious with cash because they are navigating through dangerous waters.
Real estate market is tough.
Centum is looking for an equity investor for TRDL.

Disconnect between the board and shareholders.
Centum received a lot of cash from sales in the past but the dividend was not increased. It has been 1.20/share for 4 years. The cash was used to pay down debt and shareholders understood.

Now it's a slap on our faces when we need that money. Centum could have announced 1.20 and paid it in October which is 5 months after Year End giving them time to "earn" it.

7.5bn in cash equivalents and 3bn in debt (Mar 2021) gives Centum a lot of leeway to pay 750mn in Oct 2021.

The board broke the promise it had made while long-term shareholders waited patiently.

I still like and support Mworia but the board isn't doing its job. Centum needs new directors.

The group consolidated financial statements shows borrowing at ksh.25bn

“Through the week we were able to realise transactions of above Sh1 billion across permanent retail tenants and vendors selected for this particular festival…which had over 100 vendors in the fair,” said Shurea Nkutu, an accounts manager at Two Rivers Lifestyle Centre.

The organising committee of the Somali festival now expects to roll out at least three such events every year t coincide with major Muslim religious holidays. The mall, which was developed by listed form Centum, is now preparing to set up a small traders market to attract customers and give vendors a new avenue to sell their goods.

“We have been in discussions where we will be able to establish a souq (street market) within Two Rivers so that we can create a platform or avenue for traders to sell and customers to access products affordably,” said Centum chief executive officer James Mworia.

“We are open to selling part or all of our stake in Centum RE. We are doing this to rebalance our portfolio which is currently concentrated in real estate,” James Mworia, Centum’s chief executive, told Business Daily.

“The money raised will be reinvested in marketable securities (stocks and bonds) and private equity to reach our allocation target in these two segments.”

Centum held 63.5 percent of its Sh47.5 billion worth of assets in the year ended March in real estate, overshooting its target maximum of 55 percent.

Centum’s allocation in private equity and marketable securities on the other hand stood at 20.5 percent and 16 percent, trailing the target of 40 percent and 20 percent respectively.

Free parking for the first one hour at Two Rivers Mall has been removed.
0-2 hours is ksh.50

Free parking for the first one hour at Two Rivers Mall has been removed.
0-2 hours is ksh.50

If you pay that Ksh 50/= via M-PESA it becomes 60/= because Nairobi City adds a 10/= levy.

Have been using the 1 hour free parking to shop at Carrefour to pick little stuff bread & milk..now the nearest supermarkets have become game as i am avoiding that 50/=.