@stockyt,Maybe this could answer your question on the value of carbacid to Centum:

The company mines carbon dioxide,and fills the gas in cylinders at its Nairobi plant. The largest consumers of Carbacid products are soft drink and beer manufacturers.


The thicker the thigh the sweeter the pie.

Centum..
What's their main source of income?
..dividends from other investments
..share of profits from other businesses
..nini ingine?..occasional trade off of an investment..
My point..it's not a collective investment scheme..with constant flow of cash..regardless of market status..bull..bear..pig..etc

so..cost averagin by centum in stocks is limited by cash they have..fact of the matter..whole stock portfolio is down more than 50%...buying more to easen loss burden in very much limited by the cash the hold..especially when all businesses had a slump last year n not everyone was keen on declaring dividend...




+If ur investment lost 50% value..and u bought more of it..same cash value as earlier purchase..assumin its kcb bought earlier at 30 n it's at 15..it would mean that at 23 u'd hav broken even..the more u buy..the better for u..especially if price is goin up... But do you have that much cash to do so..not only one counter..but all others? ..plus everytime index turns red u r totally petrified!
The perception that most institutions hav some genius of sorts locked in a room to come up with excellent investment especially in the NSE is a lie!! If anyone had approached u to buy their carbacid/Boc shares i doubt u'd hav hesitated to buy.
On that note...the alliance nominees that sold to centum must hav clawed in a good profit..so until centum tables the figures.Talk is cheap..even for CEOs. Please look for another thing to buy! Especially if the ur investment in centum is likely to be more than 10% overall portfolio.
But again.. I could be wrong.


DISCLAIMER: This is the opinion of one Jammo,CFA,CPA,Opinionated and Loud,based in nairobi. Whilst care has been taken in compiling the data to be as most factual n logical,he doesn't accept any responsibility of accuracy or completeness of info contained herein..neither does he purport to be a genius!

@ Jammo,i don't think your wrong,i think you are spot on especially with this comment:

The perception that most institutions hav some genius of sorts locked in a room to come up with excellent investment especially in the NSE is a lie!!

To prove this,one only has to look at the NSE listed portfolio that Centum has.

The thicker the thigh the sweeter the pie.

@mjengakenya...that translates to about 137bob a share..closing price when the suspension took effect.. I don't get this...the seller didn't factor in value growth over period of suspension? Kwani how desperate r they for the 350million!

DISCLAIMER: This is the opinion of one Jammo,CFA,CPA,Opinionated and Loud,based in nairobi. Whilst care has been taken in compiling the data to be as most factual n logical,he doesn't accept any responsibility of accuracy or completeness of info contained herein..neither does he purport to be a genius!

@Jammo.... Can't say whether the 350 figure is correct but as to desperation... Oh yes they are... That I know... visited their hotels lately?... They need the money...