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Centum HY17
Horton
#41 Posted : Thursday, April 13, 2017 5:54:01 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
You have to understand that Centum owns what 20% odd on TRDL.
VituVingiSana
#42 Posted : Thursday, April 13, 2017 9:42:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
snipermnoma wrote:
Ericsson wrote:
Two Rivers seeks Sh2bn to fund real estate plans


Two Rivers Development Limited (TRDL), a company partly owned by investment firm Centum is seeking to raise Sh2 billion through short-term debt to fund its real estate projects.


TRDL, whose other shareholders are Aviation Industry Corp of China (Avic), and the Industrial and Commercial Development Corporation, is issuing a one-year note with an interest rate offer of 14.5 per cent.
Centum Investments, which owns 58 per cent of TRDL, will guarantee the note

Madeni will finish Centum

http://www.businessdaily...6510-hj9andz/index.html


If it is a 1 year note why not just get it from a bank e.g. Sidian at the max rate of 14%?

Insider lending of this magnitude would attract the attention of CBK...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
target1360
#43 Posted : Thursday, April 13, 2017 9:49:49 PM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
Angelica _ann wrote:
These plots sales are expected to finance the retirement of the one-year note as well as contribute to the over Sh1 billion projected profit after tax,” TRDL says in the private offer’s prospectus.

smile



so they are already PLANNING to make a profit of over 1billion.Isorait
They borrow now and promise to pay when they sell at these prices.isorait.

This is beyond me
I find satisfaction in owning great business,not trading them
muandiwambeu
#44 Posted : Friday, April 14, 2017 3:55:38 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
dsktop wrote:
Centum is a very nice house, palace even, Taj Mahal-esque....but built on sand!

This thing has all the characteristics of another TSS, however at a grand scale of things. However, some may say, as long as the pony hocks we ride. But at the end we will be here to see who was riding naked. I hate a one man shops show, it oftenly, once the dust settles is crowned with a tomb and a R.I.P cross on top. Na utando? So many examples abound. Imperial, chase though never climaxed etc etc. This one is yet to make some noise to fit into the donkey family but the hooves, skin colour, tolerance to doing hardwork, snout, peeing and shafting style fits the script 100%/100%.
d'oh! d'oh! d'oh! d'oh! d'oh! Pray
,Behold, a sower went forth to sow;....
muandiwambeu
#45 Posted : Friday, April 14, 2017 4:00:03 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Ericsson wrote:
Chaka wrote:
Did Centum shareholders approve this deal?

[quote=Ericsson]SA's Distell acquires controlling stake at Kwal

The South African owner of Amarula and Viceroy brands is now majority owner of the Kenya Wine Agencies Ltd (Kwal) after buying out investment firm Centum in a deal estimated at Sh1 billion.

Distell on Tuesday announced it has acquired Centum’s entire 26.43 per cent stake in Kwal, bringing its ownership in the wine maker and alcoholic beverages marketer to 52.43 per cent.

http://www.businessdaily...430-10out0rz/index.html[/quote]

DJ=Centum and Centum=DJ
Centum shareholders are just spectators.
Hakuna democracy huko

Imperial kam chase kam TSS deja vu, special purpose vehicles already in place. Could be spined off merali style and then u see how your house of cards comes crumbling down on you.
,Behold, a sower went forth to sow;....
target1360
#46 Posted : Friday, April 14, 2017 7:57:06 AM
Rank: Member

Joined: 5/14/2014
Posts: 289
Location: nairobi
i dont admire this idea of companies planning to sell this and that in order to make a profit of x billions.
This seems more of a publicity stunt and a short term vision too
If the company is in the business of buying and selling plots then this would be acceptable.
I find satisfaction in owning great business,not trading them
maka
#47 Posted : Friday, April 14, 2017 8:04:31 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
VituVingiSana wrote:
snipermnoma wrote:
Ericsson wrote:
Two Rivers seeks Sh2bn to fund real estate plans


Two Rivers Development Limited (TRDL), a company partly owned by investment firm Centum is seeking to raise Sh2 billion through short-term debt to fund its real estate projects.


TRDL, whose other shareholders are Aviation Industry Corp of China (Avic), and the Industrial and Commercial Development Corporation, is issuing a one-year note with an interest rate offer of 14.5 per cent.
Centum Investments, which owns 58 per cent of TRDL, will guarantee the note

Madeni will finish Centum

http://www.businessdaily...6510-hj9andz/index.html


If it is a 1 year note why not just get it from a bank e.g. Sidian at the max rate of 14%?

Insider lending of this magnitude would attract the attention of CBK...


What if they borrowed from another bank?If the company is that stable the rates would definetly be lower than this one year note...If the likes of KQ can get a facility @ 7-8% they should surely enjoy the same...or even 10% thats a whole 450bps.
possunt quia posse videntur
Flo-ology
#48 Posted : Friday, April 14, 2017 9:01:49 AM
Rank: Member

Joined: 12/17/2016
Posts: 225
muandiwambeu wrote:
Ericsson wrote:
Chaka wrote:
Did Centum shareholders approve this deal?

[quote=Ericsson]SA's Distell acquires controlling stake at Kwal

The South African owner of Amarula and Viceroy brands is now majority owner of the Kenya Wine Agencies Ltd (Kwal) after buying out investment firm Centum in a deal estimated at Sh1 billion.

Distell on Tuesday announced it has acquired Centum’s entire 26.43 per cent stake in Kwal, bringing its ownership in the wine maker and alcoholic beverages marketer to 52.43 per cent.

http://www.businessdaily...430-10out0rz/index.html[/quote]

DJ=Centum and Centum=DJ
Centum shareholders are just spectators.
Hakuna democracy huko

Imperial kam chase kam TSS deja vu, special purpose vehicles already in place. Could be spined off merali style and then u see how your house of cards comes crumbling down on you.

Bandia ventures. Even the link above has been pulled down. I am getting 404 error.
Reflection Eternal
dsktop
#49 Posted : Friday, April 14, 2017 1:57:52 PM
Rank: Member

Joined: 12/17/2007
Posts: 53
target1360 wrote:
i dont admire this idea of companies planning to sell this and that in order to make a profit of x billions.
This seems more of a publicity stunt and a short term vision too
If the company is in the business of buying and selling plots then this would be acceptable.

Everything about centum is a stunt... From paying USD 160000 p/m to someone to the employee bonus scheme to two rivers.... They thrive on the grandiose a PR Co.

A casual shareholder(in .ke) doesn't care where the profit comes from.It doesn't matter paper profits... Cashflow ni wewe... Profit profit profit
MadDoc
#50 Posted : Friday, April 14, 2017 3:55:29 PM
Rank: Member

Joined: 10/26/2015
Posts: 151
target1360 wrote:
i dont admire this idea of companies planning to sell this and that in order to make a profit of x billions.
This seems more of a publicity stunt and a short term vision too
If the company is in the business of buying and selling plots then this would be acceptable.


The business model isn't that bad. Buy acres of land, develop part of it, then sell off part of the land at a premium.
Realistically, i doubt if they would be able to develop the whole parcel.
It makes sense to sell it and use the cash to offset debts.
It is an investment company. It has to know when to divest.

However, if they sell the land and the value is not felt in terms of dividends, i'd consider that sacrilegious.
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