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Centum FY2022 - FY2026
DtheK
#101 Posted : Wednesday, June 08, 2022 10:54:59 AM
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Joined: 2/15/2010
Posts: 104
Location: Kenya
With a low NPL ratio and increasing interest rates don't know if it was the best time, but may be they see something I don't. I thought they'd be more eager to divest from real estate? About time they considered distributing a portion of major stake sales as special dividends.
Ericsson
#102 Posted : Monday, June 20, 2022 7:50:43 AM
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Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
On its way down Centum market capitalisation will overtake Kenya Re
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#103 Posted : Friday, June 24, 2022 6:37:40 AM
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Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
https://www.businessdail...ls-naivas-stake-3858104

Deals like this is what Centum could have used the funds for after selling their stake in Almasi beverages, Sidian,not repaying debt on real estate investment that have neverade a profit and are perennial loss making.
TRLC has been in operation for 6 years all loss making.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#104 Posted : Thursday, July 07, 2022 12:16:23 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
Centum Real estate issues a profit warning.

https://pbs.twimg.com/me...ormat=jpg&name=small
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
watesh
#105 Posted : Friday, July 08, 2022 11:38:56 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 922
Location: Kenya
[quote=Ericsson]Centum Real estate issues a profit warning.

https://pbs.twimg.com/me...rmat=jpg&name=small[/quote]

I just want to see how much cash has been remitted to Centum in terms of shareholder loans and dividends. This will give a better prediction of Centum's full-year dividend.
VituVingiSana
#106 Posted : Tuesday, July 26, 2022 7:54:30 AM
Rank: Chief


Joined: 1/3/2007
Posts: 17,811
Location: Nairobi
watesh wrote:
[quote=Ericsson]Centum Real estate issues a profit warning.

https://pbs.twimg.com/me...rmat=jpg&name=small[/quote]

I just want to see how much cash has been remitted to Centum in terms of shareholder loans and dividends. This will give a better prediction of Centum's full-year dividend.

Zero from what I can see but this can only happen after completion of construction and sales so I do not expect anything from CRE to CICP until FY24
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
littledove
#107 Posted : Tuesday, July 26, 2022 1:07:16 PM
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Joined: 7/1/2014
Posts: 856
Location: sky
market is down but centum is trading heavy volume at ksh 8 . nse ni ukora tupu
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
mlennyma
#108 Posted : Tuesday, July 26, 2022 1:20:23 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,139
Location: nairobi
littledove wrote:
market is down but centum is trading heavy volume at ksh 8 . nse ni ukora tupu


after the death of one of the main guys, I expect blood bath in future unless some takeover brings new vision
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#109 Posted : Tuesday, July 26, 2022 8:39:46 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,412
Location: NAIROBI
mlennyma wrote:
littledove wrote:
market is down but centum is trading heavy volume at ksh 8 . nse ni ukora tupu


after the death of one of the main guys, I expect blood bath in future unless some takeover brings new vision


Takeover of a real estate company,that will be interesting
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
maka
#110 Posted : Wednesday, July 27, 2022 9:27:10 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Ericsson wrote:
mlennyma wrote:
littledove wrote:
market is down but centum is trading heavy volume at ksh 8 . nse ni ukora tupu


after the death of one of the main guys, I expect blood bath in future unless some takeover brings new vision


Takeover of a real estate company,that will be interesting


https://www.businessdail...-from-land-sale-3893128

Centum Real Estate has sold land worth Sh3.8 billion to other parties to undertake specific developments within its project plans.

The company, a subsidiary of Centum Investment Company, sees the sale of its land holdings as a means of raising funds while also taking profits.

“As at March 31, 2022, the business had collected cumulative cash of Sh3.85 billion from sales of 2,197 acres … with a total sales of Sh4.9 billion,” the real estate firm said in an investor briefing.

“Sh1 billion being cash due from development right sales to be collected in the subsequent financial year."

The buyer of a development right acquires the land on which only a specified project –such as a school or warehouse— approved by local authorities will be implemented.

The real estate firm says it has added value to the development rights by investing in the necessary basic infrastructure.
possunt quia posse videntur
watesh
#111 Posted : Wednesday, July 27, 2022 1:08:46 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 922
Location: Kenya
littledove wrote:
market is down but centum is trading heavy volume at ksh 8 . nse ni ukora tupu


Market cap of 5.3bn Laughing out loudly Laughing out loudly . Despite holding 7bn in bonds & cash, selling Sidian for 4.3bn (enough to clear the debt of Centum level), having ksh14bn in residential unit sales and 1bn in receivable cash from land sales. Two Rivers losses is really hurting the image of the company. Even if TRDL goes bankrupt and they don't get anything from it the rest of the business is still worth more than ksh5bn
VituVingiSana
#112 Posted : Wednesday, July 27, 2022 2:25:43 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,811
Location: Nairobi
watesh wrote:
littledove wrote:
market is down but centum is trading heavy volume at ksh 8 . nse ni ukora tupu


Market cap of 5.3bn Laughing out loudly Laughing out loudly . Despite holding 7bn in bonds & cash, selling Sidian for 4.3bn (enough to clear the debt of Centum level), having ksh14bn in residential unit sales and 1bn in receivable cash from land sales. Two Rivers losses is really hurting the image of the company. Even if TRDL goes bankrupt and they don't get anything from it the rest of the business is still worth more than ksh5bn
If only I had 5.5b... Laughing out loudly

I asked some friends who are active in real estate at the coast and they feel 2mn/acre around Vipingo is possible but it will take time to sell 6,000 acres given the size and economy.

6,000 acres x 2mn = 12bn (less debt) = 5bn just for Vipingo.

Though it doesn't make sense for Vipingo to sell at 2mn/acre if it can sub-divide the land and sell 1/8 plots (@ 2.5mn) as it is doing with Kingswood.

https://vipingodevelopment.com/kingswood-park/
"Competitively priced with flexible payment plan: Ksh. 2.5M for a 1/8 Acre plot"
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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