surealligator...though i may not agree with u..i see your point... but CENTUM MUST EXPLAIN THE BONUS!!
..becoz though they may be justified not paying dividends...reasons given did not explain bonus issue.
There is no such thing as free..Bonus issue mean capitalisation of shareholder funds...unless the bonus issue amount is equivalent to the dividend pay out forgone here.. something doesn't add up.

Centum will offload more than half of their shareholding at the NSE and move into real estate. They already have bought land in Runda and other prime areas in the country. To build, it will take them two yrs and another yr of selling the houses if not renting.

Centum is actually conserving cash to bank roll the projects. That is why they are talking of tripling investors' returns in 2014.

That is why I intend to come back to Centum in 2013 (Till november)

The day I realized fuel was sky rocketing and KQ was not getting the dreamliner by 2010, I ran to other shares. If the Proposed Katiba passes, land prices will come down in upcountry regions but supper expensive in urban areas as the tycoons owning huge chunks of land will sell upcountry lands cheap and gunner for tiny super expensive plots in urban areas.

Quiz time: Which is the most expensive one acre plot in Kenya today? You will get 1000 on getting it right.

@surealligator: eastleigh... Now sambaza the 1k... I hear over 120mn for one acre!

@Horton, Wa_ithaka and Vitu mob

No. None of the above acres are the most expensive.

This business daily story confirms what I said earlier

“It makes more sense to conserve capital and reinvest in viable investment projects for a greater total return,” says Mr Mworia.

“Within this strategy period running up to 2014, we do not intend to pay out any dividend,” says Mr Mworia.

Who wants to hold a share for 4 yrs without receiving a dividend? Sell now, invest in Carbacid, sell carbacid in 2012 and invest larger cash arsenal in Centum in 2013. Am sorry if someone does not get what I mean. On the other hand, I might be wrong. So let me know what I am missing here.

http://www.businessdaily...2/-/qvjs6dz/-/index.html

@alligator - Anyway, all said & done... u make your decisions!

I have a lil' secret investment I have been following... lousy returns to date lakini my gut tells me I shall be very happy around 2014...

Of course, unless we f**k up again like we did in 2007-8...