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Is Centum exiting Carbacid?
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J.J
#21 Posted : Monday, April 25, 2011 10:51:34 PM
Rank: Member

Joined: 10/17/2009
Posts: 16
the deal wrote:
But Carbacid went all the way to 320 in 2009 when they were admitted back to bourse...how come they didn't sell then? Also read somewhere they paid 150 Ksh a share...i think they're just trying to shore up this years earnings.


They paid shs 350 million for the shares which are worth more than shs 980 million now and have collected more than shs 40 million in dividends pretty good for a 2-3 years investment2009-present. however I hope they are the ones buying someone else stake coz they should have a clear understanding of where the co2 market is headed due to they large stake in coca cola business.
small leaks do sink great ships...
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J.J
#22 Posted : Monday, April 25, 2011 11:01:37 PM
Rank: Member

Joined: 10/17/2009
Posts: 16
@ erifloss
there is no difference between centum, transcentury,helios, solos fund etc they all do the same thing. provide capital, bring influence (lot of it) make money and leave-- mostly thru ipos
small leaks do sink great ships...
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guru267
#23 Posted : Monday, April 25, 2011 11:06:56 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Horton wrote:

@Guru....u still a fan of JUB?? they made money solely coz of "investment income" which isnt their core business....its a part of any insurance business but by no means a measure of their CORE BUSINESS.... whaddaya think??

@horton did you see the growth in their insurance "core" business... They smashed the industry average..
Mark 12:29
Deuteronomy 4:16
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Iborian
#24 Posted : Tuesday, April 26, 2011 11:36:27 AM
Rank: Member

Joined: 4/17/2009
Posts: 194
msimon made an observation that Jubilee did poorly on their insurance business. He cited the claims paid out figure which was higher than the net premiums. Could the wise guru give us figures as he did rather than generalizing as you have done above?

guru267 wrote:
Horton wrote:

@Guru....u still a fan of JUB?? they made money solely coz of "investment income" which isnt their core business....its a part of any insurance business but by no means a measure of their CORE BUSINESS.... whaddaya think??

@horton did you see the growth in their insurance "core" business... They smashed the industry average..
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Muthawamunene
#25 Posted : Tuesday, April 26, 2011 12:35:34 PM
Rank: Member

Joined: 1/3/2011
Posts: 264
Location: Nairobi
So today, T.c meet for the annual AGM. Main agenda is to finalize requirments for listing. The company report looks a bit shakey though. i will post a complete work-down at the end of the day.
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mwanahisa
#26 Posted : Tuesday, April 26, 2011 12:54:22 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
@MwM, are you by any chance attending the TCL AGM? If so kindly let us in on what went down. My own view is that this is another company whose listing is going to bomb, unless it is propped up.

I do not expect guys to be taken in as they were during E.A. Cables stratospheric rise, and its even more dramatic plunge. I must admit I made one hell of a kill there, but that was then.

Muthawamunene wrote:
So today, T.c meet for the annual AGM. Main agenda is to finalize requirments for listing. The company report looks a bit shakey though. i will post a complete work-down at the end of the day.
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drake
#27 Posted : Tuesday, April 26, 2011 1:39:14 PM
Rank: Member

Joined: 8/8/2009
Posts: 170
Horton wrote:
The other bubu they luckily pulled out virtually unscathed was RVR but here luck purely worked in there favour


Can I quote you on this in ~ 5 years?
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Iborian
#28 Posted : Tuesday, April 26, 2011 6:02:39 PM
Rank: Member

Joined: 4/17/2009
Posts: 194
@g267...So what was the industry average? Some facts if you may, please.

guru267 wrote:
Horton wrote:

@Guru....u still a fan of JUB?? they made money solely coz of "investment income" which isnt their core business....its a part of any insurance business but by no means a measure of their CORE BUSINESS.... whaddaya think??

@horton did you see the growth in their insurance "core" business... They smashed the industry average..
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guru267
#29 Posted : Tuesday, April 26, 2011 6:47:54 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Iborian wrote:
@g267...So what was the industry average? Some facts if you may, please.

guru267 wrote:
Horton wrote:

@Guru....u still a fan of JUB?? they made money solely coz of "investment income" which isnt their core business....its a part of any insurance business but by no means a measure of their CORE BUSINESS.... whaddaya think??

@horton did you see the growth in their insurance "core" business... They smashed the industry average..


smile got a million bucks for that info??? I dont give handouts...
Mark 12:29
Deuteronomy 4:16
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Iborian
#30 Posted : Tuesday, April 26, 2011 6:50:17 PM
Rank: Member

Joined: 4/17/2009
Posts: 194
Guru, Why just not come clean?
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