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Centum half year results 2017/2018
Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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kawi254 wrote:Carrefour to open in Village Market. I see the high net worth traffic to Two Rivers reducing. "Market" vs "Hypermarket" but traffic to Two Rivers may reduce though Two Rivers offers a lot more than just Carrefour. 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: 10,821 Location: NAIROBI
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Ericsson wrote:VituVingiSana wrote:I will take a contrarian view. Centum is a "Tier 2" holding for me but an important one.
1) DJ remains very important as a rainmaker for Centum BUT Mworia is no slouch. With a huge AUM, folks take his call. He has been instrumental in Centum's growth in NAV over the past few years.
2) Not all deals will be profitable. Some may fail spectacularly BUT as long as the overall portfolio does well...
3) Mworia has skin in the game. I like that.
4) Vipingo will be a huge cashcow for years to come. It might not produce cash until after 2023 [elections are an issue]
I am not a trader so I can wait a few years to enjoy the fruits... All the best @vvs Second year of profit decline https://www.businessdail...55482-39j90r/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Ericsson wrote:Ericsson wrote:VituVingiSana wrote:I will take a contrarian view. Centum is a "Tier 2" holding for me but an important one.
1) DJ remains very important as a rainmaker for Centum BUT Mworia is no slouch. With a huge AUM, folks take his call. He has been instrumental in Centum's growth in NAV over the past few years.
2) Not all deals will be profitable. Some may fail spectacularly BUT as long as the overall portfolio does well...
3) Mworia has skin in the game. I like that.
4) Vipingo will be a huge cashcow for years to come. It might not produce cash until after 2023 [elections are an issue]
I am not a trader so I can wait a few years to enjoy the fruits... All the best @vvs Second year of profit decline https://www.businessdail...55482-39j90r/index.html
Capitulation is here to stay... John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 5/6/2008 Posts: 199
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CMA must crack down on these late profit warnings. After all, is it a warning when it is not issued, by definition, in advance? Who believes the Directors when they say they've just realised the decline in earnings almost 1.5 months after year end? 
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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Profit warning and they way they awarded themselves FAT bonuses....
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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Ericsson wrote:Ericsson wrote:VituVingiSana wrote:I will take a contrarian view. Centum is a "Tier 2" holding for me but an important one.
1) DJ remains very important as a rainmaker for Centum BUT Mworia is no slouch. With a huge AUM, folks take his call. He has been instrumental in Centum's growth in NAV over the past few years.
2) Not all deals will be profitable. Some may fail spectacularly BUT as long as the overall portfolio does well...
3) Mworia has skin in the game. I like that.
4) Vipingo will be a huge cashcow for years to come. It might not produce cash until after 2023 [elections are an issue]
I am not a trader so I can wait a few years to enjoy the fruits... All the best @vvs Second year of profit decline https://www.businessdail...55482-39j90r/index.html
I am going with keep the faith but watch closely! As WB says, we don’t mind lumpy 15% returns vs straight 12% returns. For now, I believe in their strategy, but I did screw up with KQ, even KK under Segman and there’s KenRe... So never say never! Berkshire Hathaway made a Q1 accounting loss. This isn’t BH’s first loss but it has an excellent track record by playing the long game. BH even takes short-term (accounting) losses for a longer term (real) profit. And yes, I know Centum isn’t BH. 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: 10,821 Location: NAIROBI
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VituVingiSana wrote:Ericsson wrote:Ericsson wrote:VituVingiSana wrote:I will take a contrarian view. Centum is a "Tier 2" holding for me but an important one.
1) DJ remains very important as a rainmaker for Centum BUT Mworia is no slouch. With a huge AUM, folks take his call. He has been instrumental in Centum's growth in NAV over the past few years.
2) Not all deals will be profitable. Some may fail spectacularly BUT as long as the overall portfolio does well...
3) Mworia has skin in the game. I like that.
4) Vipingo will be a huge cashcow for years to come. It might not produce cash until after 2023 [elections are an issue]
I am not a trader so I can wait a few years to enjoy the fruits... All the best @vvs Second year of profit decline https://www.businessdail...55482-39j90r/index.html
I am going with keep the faith but watch closely! As WB says, we don’t mind lumpy 15% returns vs straight 12% returns. For now, I believe in their strategy, but I did screw up with KQ, even KK under Segman and there’s KenRe... So never say never! Berkshire Hathaway made a Q1 accounting loss. This isn’t BH’s first loss but it has an excellent track record by playing the long game. BH even takes short-term (accounting) losses for a longer term (real) profit. And yes, I know Centum isn’t BH. My fren you are going to be screwed again by Mworia. Look also at the debt level too. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:Ericsson wrote:Ericsson wrote:VituVingiSana wrote:I will take a contrarian view. Centum is a "Tier 2" holding for me but an important one.
1) DJ remains very important as a rainmaker for Centum BUT Mworia is no slouch. With a huge AUM, folks take his call. He has been instrumental in Centum's growth in NAV over the past few years.
2) Not all deals will be profitable. Some may fail spectacularly BUT as long as the overall portfolio does well...
3) Mworia has skin in the game. I like that.
4) Vipingo will be a huge cashcow for years to come. It might not produce cash until after 2023 [elections are an issue]
I am not a trader so I can wait a few years to enjoy the fruits... All the best @vvs Second year of profit decline https://www.businessdail...55482-39j90r/index.html
I am going with keep the faith but watch closely! As WB says, we don’t mind lumpy 15% returns vs straight 12% returns. For now, I believe in their strategy, but I did screw up with KQ, even KK under Segman and there’s KenRe... So never say never! Berkshire Hathaway made a Q1 accounting loss. This isn’t BH’s first loss but it has an excellent track record by playing the long game. BH even takes short-term (accounting) losses for a longer term (real) profit. And yes, I know Centum isn’t BH. My fren you are going to be screwed again by Mworia. Look also at the debt level too. A Tier 2 holding for me. My core holdings are relatively low debt:equity. I shall watch closely!!! Thanks. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,329 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Ericsson wrote:Ericsson wrote:VituVingiSana wrote:I will take a contrarian view. Centum is a "Tier 2" holding for me but an important one.
1) DJ remains very important as a rainmaker for Centum BUT Mworia is no slouch. With a huge AUM, folks take his call. He has been instrumental in Centum's growth in NAV over the past few years.
2) Not all deals will be profitable. Some may fail spectacularly BUT as long as the overall portfolio does well...
3) Mworia has skin in the game. I like that.
4) Vipingo will be a huge cashcow for years to come. It might not produce cash until after 2023 [elections are an issue]
I am not a trader so I can wait a few years to enjoy the fruits... All the best @vvs Second year of profit decline https://www.businessdail...55482-39j90r/index.html
I am going with keep the faith but watch closely! As WB says, we don’t mind lumpy 15% returns vs straight 12% returns. For now, I believe in their strategy, but I did screw up with KQ, even KK under Segman and there’s KenRe... So never say never! Berkshire Hathaway made a Q1 accounting loss. This isn’t BH’s first loss but it has an excellent track record by playing the long game. BH even takes short-term (accounting) losses for a longer term (real) profit. And yes, I know Centum isn’t BH. My fren you are going to be screwed again by Mworia. Look also at the debt level too. A Tier 2 holding for me. My core holdings are relatively low debt:equity. I shall watch closely!!! Thanks. I met the DJ at Nairobi Hospital last night and he wasn't looking good at all. It is my hope that he pulls through.. Centum's fortunes are tied to the man, in a manner unlike any other listed firm at the NSE COOP, IMH, KEGN, KQ, MTNU
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Centum half year results 2017/2018
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