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mkate_nusu		#31 Posted : Wednesday, September 07, 2016 4:07:10 AM
Rank: Member Joined: 5/30/2016 Posts: 332 Location: Kayole		majimaji wrote: Realtreaty wrote: Malls make money from weekend/holiday/month end shoppers who shop, recreate and dine there.There are also conference and board rooms for MICE. When my daughter forced me to take her to Dago corner for Nakumatt (you know girls think dads are rich and will ask for anything on the counter) Where today Nakumatt lies was my favorite bar to see "Les Wanyika" who played music there and could even listen to music while lying on the grass near the time Kenya Science Teachers College (KSTC) That Time Ngong road was smooth and never crowded. So Lets meet at "Two rivers at least twice a Month! Kweli wewe ni mzee, the club was called Bombax Club. By the time I became old enough to drink, it (the club) had died. some people here are in their early 60's / over 50 in general tuheshimu wazee KEGN, KPLC, KQ, SCOM
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enyands		#32 Posted : Wednesday, September 07, 2016 4:32:51 AM
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya		mkate_nusu wrote: majimaji wrote: Realtreaty wrote: Malls make money from weekend/holiday/month end shoppers who shop, recreate and dine there.There are also conference and board rooms for MICE. When my daughter forced me to take her to Dago corner for Nakumatt (you know girls think dads are rich and will ask for anything on the counter) Where today Nakumatt lies was my favorite bar to see "Les Wanyika" who played music there and could even listen to music while lying on the grass near the time Kenya Science Teachers College (KSTC) That Time Ngong road was smooth and never crowded. So Lets meet at "Two rivers at least twice a Month! Kweli wewe ni mzee, the club was called Bombax Club. By the time I became old enough to drink, it (the club) had died. some people here are in their early 60's / over 50 in general tuheshimu wazee Realtreaty is in mid 40's and is in east coast. Captured him admitting that he just woke up in the morning to post something to do with centum meanwhile it was 7pm huku
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alotoftalk		#33 Posted : Wednesday, September 07, 2016 5:58:16 AM
Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare		I doubt there is a company that's more lucrative for employees than Centum. [Source: Annual Report pg. 75] The CEO Mworia got KES 200 Million (close to USD 2 Million) in 2015. That's comparative to the CEO pay for the largest companies in Africa like Standard Bank and even most NYSE listed companies. In 5 years he will be a newly minted KES billionaire. A good thing is that he's using some of that money to buy shares. So if Centum goes the TCL way he'll have some skin in the game. I also hope they start paying more of this in share options which increases skin in the game and can be easily clawed back. Plus efficient from a cashflow perspective. Investment philosophy development in progress...
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sparkly		#34 Posted : Wednesday, September 07, 2016 6:24:34 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Realtreaty wrote: And those speaking evil of malls should now stop it!!! http://www.businessdailyafrica....71852-9qftupz/index.html "The investment firm said it booked a gain of Sh3.1 billion on the Old Mutual deal alone, adding that the transaction gives the mall an implied valuation of Sh23 billion." 23B!! Life is short. Live passionately.
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MadDoc		#35 Posted : Wednesday, September 07, 2016 7:24:19 AM
Rank: Member Joined: 10/26/2015 Posts: 151		sparkly wrote: Realtreaty wrote: And those speaking evil of malls should now stop it!!! http://www.businessdailyafrica....71852-9qftupz/index.html "The investment firm said it booked a gain of Sh3.1 billion on the Old Mutual deal alone, adding that the transaction gives the mall an implied valuation of Sh23 billion." 23B!! If old mutual paid 6.4b for 50% of TRLC which owns the mall, wouldn't the implied valuation be 12.8b? Could someone clarify this?
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VituVingiSana		#36 Posted : Wednesday, September 07, 2016 9:18:07 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,347 Location: Nairobi		sparkly wrote: Realtreaty wrote: And those speaking evil of malls should now stop it!!! http://www.businessdailyafrica....71852-9qftupz/index.html "The investment firm said it booked a gain of Sh3.1 billion on the Old Mutual deal alone, adding that the transaction gives the mall an implied valuation of Sh23 billion." 23B!! Kenol Kobil with stations, most leased, all over EAC. A business that generates 3bn+ PBT has 1.5bn shares x 11.50 = 17bn valuation. KenRe with business(es) in Kenya, West Africa and Southern Africa. Expected PAT 3bn. 700mn shares x 20 = 14bn valuation Unga with a plants in Kenya and Uganda. Supplies an essential FMCG. 75mn shares x 33 = 2.5bn valuation Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#37 Posted : Wednesday, September 07, 2016 9:42:54 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		@MadDoc Wachana na Centum. Alot of creative and sugar coating accounting is at play huko Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Realtreaty		#38 Posted : Wednesday, September 07, 2016 10:05:46 AM
Rank: Elder Joined: 8/16/2011 Posts: 2,386		I do not want to count what they own but what I own in them by next year March. Its given everything will come up early enough save for Elections in August 2017. This is the Month the doors are opening Carrefour to spoil Kenyans with LED 32-47 inch TVs have price for the first 200 buyers. They will as well gift shoppers shopping miles for free tickets and 2 day stay in Mombasa, Kisumu, Madagascar for Monthly shoppers of 10000 and above through draw for Xmas.
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MadDoc		#39 Posted : Wednesday, September 07, 2016 10:13:08 AM
Rank: Member Joined: 10/26/2015 Posts: 151		Ericsson wrote: @MadDoc Wachana na Centum. Alot of creative and sugar coating accounting is at play huko Lakini io 23b
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Angelica _ann		#40 Posted : Wednesday, September 07, 2016 10:15:08 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		alotoftalk wrote: I doubt there is a company that's more lucrative for employees than Centum. [Source: Annual Report pg. 75] The CEO Mworia got KES 200 Million (close to USD 2 Million) in 2015. That's comparative to the CEO pay for the largest companies in Africa like Standard Bank and even most NYSE listed companies. In 5 years he will be a newly minted KES billionaire. A good thing is that he's using some of that money to buy shares. So if Centum goes the TCL way he'll have some skin in the game. I also hope they start paying more of this in share options which increases skin in the game and can be easily clawed back. Plus efficient from a cashflow perspective. Son in Law 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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