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Centum half year results 2017/2018
Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Twitter @PeterMutegi CENTUM INVESTMENTS divests from GenAfrica Asset Managers after four years, selling its 73.4 per cent stake to Kuramo Capital for an unknown amount.  Sell the mature businesses! Look for other ventures. I look on the contrary that it must have been a nasty year for centum. They are disposing off weeks to end of financial year. I doubt these sales happen "bei ya jioni" style. The buyers must have had time to do their Due Diligence. These sort of deals, esp dealing with financial firms and retirement assets, probably need sign-offs from various regulators too which takes time too. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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Centum sells stake in asset management firm https://www.businessdail...50380-bk0lj3/index.html
The deal with Kuramo, is subject to “various” undisclosed conditions as well as approvals from the respective capital markets authorities in Kenya and Uganda as well as the Competition Authority of Kenya.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Twitter @PeterMutegi CENTUM INVESTMENTS divests from GenAfrica Asset Managers after four years, selling its 73.4 per cent stake to Kuramo Capital for an unknown amount. Sell the mature businesses! Look for other ventures. I look on the contrary that it must have been a nasty year for centum. They are disposing off weeks to end of financial year. I doubt these sales happen "bei ya jioni" style. The buyers must have had time to do their Due Diligence. These sort of deals, esp dealing with financial firms and retirement assets, probably need sign-offs from various regulators too which takes time too. They need the Cash for 2 Rivers. Life is short. Live passionately.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Twitter @PeterMutegi CENTUM INVESTMENTS divests from GenAfrica Asset Managers after four years, selling its 73.4 per cent stake to Kuramo Capital for an unknown amount. Sell the mature businesses! Look for other ventures. I look on the contrary that it must have been a nasty year for centum. They are disposing off weeks to end of financial year. I doubt these sales happen "bei ya jioni" style. The buyers must have had time to do their Due Diligence. These sort of deals, esp dealing with financial firms and retirement assets, probably need sign-offs from various regulators too which takes time too. They need the Cash for 2 Rivers. Eh? For what? Two rivers is completed! And also they are a minority stake in the mall which is majority owned by OM.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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VituVingiSana wrote:Centum sells stake in asset management firm https://www.businessdail...50380-bk0lj3/index.html
The deal with Kuramo, is subject to “various” undisclosed conditions as well as approvals from the respective capital markets authorities in Kenya and Uganda as well as the Competition Authority of Kenya.
 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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This Kuroma guys are the ones who bailed out Transcentury? 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: 7/1/2014 Posts: 903 Location: sky
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Angelica _ann wrote:This Kuroma guys are the ones who bailed out Transcentury? who are these guys, they are every where, they also wanted bail out uchumi 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
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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littledove wrote:Angelica _ann wrote:This Kuroma guys are the ones who bailed out Transcentury? who are these guys, they are every where, they also wanted bail out uchumi Its KURAMO. Another Helios type. Still waiting to see their 'grand' plan for TCL Start!
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Horton wrote:sparkly wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Twitter @PeterMutegi CENTUM INVESTMENTS divests from GenAfrica Asset Managers after four years, selling its 73.4 per cent stake to Kuramo Capital for an unknown amount. Sell the mature businesses! Look for other ventures. I look on the contrary that it must have been a nasty year for centum. They are disposing off weeks to end of financial year. I doubt these sales happen "bei ya jioni" style. The buyers must have had time to do their Due Diligence. These sort of deals, esp dealing with financial firms and retirement assets, probably need sign-offs from various regulators too which takes time too. They need the Cash for 2 Rivers. Eh? For what? Two rivers is completed! And also they are a minority stake in the mall which is majority owned by OM. He meant loans that were taken to build Two Rivers Mall Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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Pesa Nane wrote:VituVingiSana wrote:Centum sells stake in asset management firm https://www.businessdail...50380-bk0lj3/index.html
The deal with Kuramo, is subject to “various” undisclosed conditions as well as approvals from the respective capital markets authorities in Kenya and Uganda as well as the Competition Authority of Kenya.
Barium Capital ni nani? 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: 10,684 Location: NAIROBI
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"Centum invested in Platcorp Holdings in December 2012 and it has delivered a stellar 31 percent holding period internal rate of return” noted James Mworia Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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Where Centum invested its 1.1bn (from the sale of Platcorp?) https://www.nation.co.ke...359322-idmj91/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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sidian bank Investment firm Centum has pumped Sh1.1 billion into its banking subsidiary Sidian in a rights issue that is meant to boost the lender’s core capital.
Sidian chief executive Chege Thumbi said the capital injection will support trade finance, which the bank has been eyeing as part of a wider scheme aimed at growing its loan book.
Centum holds a 73 per cent stake in Sidian Bank and the Sh1.1 billion cash injection means it has defended its entire stake in the rights issue.
“Shareholders approved a total of Sh1.5 billion rights issue and we have received Sh1.1 billion, which is the share due from our main shareholder Centum. The other investors have until November to contribute their share of the rights,” Mr Thumbi said.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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[quote=VituVingiSana]Where Centum invested its 1.1bn (from the sale of Platcorp?) https://www.nation.co.ke...59322-idmj91/index.html[/quote] Link iko wapi. In the report nowhere is it mentioned they used proceeds from platcorp Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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enyands wrote:sidian bank Investment firm Centum has pumped Sh1.1 billion into its banking subsidiary Sidian in a rights issue that is meant to boost the lender’s core capital.
Sidian chief executive Chege Thumbi said the capital injection will support trade finance, which the bank has been eyeing as part of a wider scheme aimed at growing its loan book.
Centum holds a 73 per cent stake in Sidian Bank and the Sh1.1 billion cash injection means it has defended its entire stake in the rights issue.
“Shareholders approved a total of Sh1.5 billion rights issue and we have received Sh1.1 billion, which is the share due from our main shareholder Centum. The other investors have until November to contribute their share of the rights,” Mr Thumbi said. Sidian bank is a thorn in the flesh of centum. They are to report full year results before thursday which will be a loss widening compared to last year. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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Ericsson wrote:Link iko wapi. In the report nowhere is it mentioned they used proceeds from platcorp Hence the "?"  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: 10,684 Location: NAIROBI
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sh.1.2bn pumped in 2016 then 1.1bn in 2018. Waah Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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House team backs Sh200bn Lamu coal power plant plan https://www.businessdail...0740-k93gqvz/index.html
If Centum can find a financing and operating partner then this will be another decent "fair value gain" in Centum's books. The question is "when?" and the sooner the better! 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: 10,684 Location: NAIROBI
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VituVingiSana wrote:House team backs Sh200bn Lamu coal power plant plan https://www.businessdail...0740-k93gqvz/index.html
If Centum can find a financing and operating partner then this will be another decent "fair value gain" in Centum's books. The question is "when?" and the sooner the better! Forget about the coal power plant for now. It's not being built any time soon. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,102 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:House team backs Sh200bn Lamu coal power plant plan https://www.businessdail...0740-k93gqvz/index.html
If Centum can find a financing and operating partner then this will be another decent "fair value gain" in Centum's books. The question is "when?" and the sooner the better! Forget about the coal power plant for now. It's not being built any time soon. Yes, a $2bn power plant isn't like installing a solar panel. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Centum half year results 2017/2018
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