Wazua
»
Investor
»
Stocks
»
Centum HY17
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
|
http://www.businessdaily...17020-13h4bsj/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Veteran Joined: 8/16/2009 Posts: 994
|
Ericsson wrote:http://www.businessdailyafrica.com/corporate/companies/Inside-Centum-s-unique-bonus-payment-scheme/4003102-4117020-13h4bsj/index.html Interesting. So the bonuses are based on cash returns and not revaluations...Or is it an interview for bad publicity repair in view of recent headline about Mworia's pay.. Quote: The bonus is based on growth of net asset value (NAV); right?
No, it is based on cash returns.
So, it was changed because previous annual reports said it is based on growing NAV above 15 per percent.
Since we came up with the policy in 2009, it has not had a lot of modifications. The bonus policy takes into account market-based movements.
So, even if we have a revaluation of assets, it does not go into the calculation. You must have a market-based transaction, meaning either realised gains, dividends or where the company has had a market transaction, meaning the value is based on a realised price. The hurdle rate is 15 per cent and whatever is above that is what goes into the bonus pool. The annual report is abridged and does not go into details of how the bonus is calculated.
We shall soon publish a detailed version of the bonus policy for transparency. The calculation of the bonus — and this is where the detailed bonus computation comes — is really based on cash returns to the company and not on the book value. If it was based on book value, it would have been on a different multiple. So, we don’t take into account revaluation movements. In the total return statement, revaluation movements are included.
So, for example, if you buy land and get development plan approval and the valuation changes, those valuation movements are factored in the total return. For purposes of calculating the bonus, all those revaluations are removed. The only thing you are left with is the cash return. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
 Pesa Nane plans to be shilingi when he grows up.
|
|
|
Rank: Member Joined: 8/27/2015 Posts: 138 Location: Harare
|
CK should also retire in line with those same Corporate Governance standards. Investment philosophy development in progress...
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
|
Chris Kirubi reportedly airlifted to the United States (US) in critical condition for an operation on Wednesday. The Centum Investment Director had been admitted for 12 days at the Nairobi Hospital. Wish him well and quick recovery Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Veteran Joined: 8/10/2014 Posts: 955 Location: Kenya
|
Ericsson wrote:Chris Kirubi reportedly airlifted to the United States (US) in critical condition for an operation on Wednesday.
The Centum Investment Director had been admitted for 12 days at the Nairobi Hospital.
Wish him well and quick recovery
Haiya, first Bob then now Kirubi.....hope they all get better
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
watesh wrote:Ericsson wrote:Chris Kirubi reportedly airlifted to the United States (US) in critical condition for an operation on Wednesday.
The Centum Investment Director had been admitted for 12 days at the Nairobi Hospital.
Wish him well and quick recovery
Haiya, first Bob then now Kirubi.....hope they all get better Verified. Critical but not life threatening. Mungu mbele. Get well soon DJ CK
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
|
Ericsson wrote:Chris Kirubi reportedly airlifted to the United States (US) in critical condition for an operation on Wednesday.
The Centum Investment Director had been admitted for 12 days at the Nairobi Hospital.
Wish him well and quick recovery
He is no spring chicken. May he recover soon. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 2/16/2007 Posts: 2,114
|
This is an indictment on medicare in KE?Its like our surgeons have shaky fingers? Ericsson wrote:Chris Kirubi reportedly airlifted to the United States (US) in critical condition for an operation on Wednesday.
The Centum Investment Director had been admitted for 12 days at the Nairobi Hospital.
Wish him well and quick recovery
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
|
Chaka wrote:This is an indictment on medicare in KE?Its like our surgeons have shaky fingers? Ericsson wrote:Chris Kirubi reportedly airlifted to the United States (US) in critical condition for an operation on Wednesday.
The Centum Investment Director had been admitted for 12 days at the Nairobi Hospital.
Wish him well and quick recovery
Sigiri..
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
|
|
|
Rank: Member Joined: 9/27/2006 Posts: 496
|
Can someone explain how this company survives with consistently low cash flows? I'm looking at it as a potential buy next year.
|
|
|
Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
|
Corporate Actions: Company Book Closure - Date -- Dividend (Kes) Carbacid Investment Ltd - KES 0.70 - 29th November 2017 KPLC - - KES 0.50 - 30thNovember 2017 Unga Group Ltd - KES 1.00 - 05th December 2017 Longhorn Publishers Ltd - KES 0.29 - 08th December 2017 Centum Investment - KES1.20 - 22nd December 2017
Kind regards, Research Department Kingdom Securities Limited- A subsidiary of the Co-operative Bank of Kenya is that information information misleading by kingdom securities,i think book closure was 30th sep 2017 There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
|
|
|
Rank: Member Joined: 8/17/2010 Posts: 116
|
BOOK CLOSE 27.09.2017. FINAL DIVIDEND OF KSHS 1.20 WILL BE PAID ON OR BEFORE 22.12.2017.
This is within the 90 days statutory period as stipulated under CMA
|
|
|
Rank: Member Joined: 8/19/2015 Posts: 124
|
If you find a company delaying to this extent, 90DAYS!!!!.............An indication of liquidity problems!!!!
|
|
|
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
|
Sir invest wrote:If you find a company delaying to this extent, 90DAYS!!!!.............An indication of liquidity problems!!!! No we are ok.... Pesa ni mingi  possunt quia posse videntur
|
|
|
Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
|
maka wrote:Sir invest wrote:If you find a company delaying to this extent, 90DAYS!!!!.............An indication of liquidity problems!!!! No we are ok.... Pesa ni mingi Early morning uptick,half year numbers lazima zimepikwa na aromat. Never lose your position in a bull market,BTFD.
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,901
|
mamilli wrote:maka wrote:Sir invest wrote:If you find a company delaying to this extent, 90DAYS!!!!.............An indication of liquidity problems!!!! No we are ok.... Pesa ni mingi Early morning uptick,half year numbers lazima zimepikwa na aromat. DJ CK still MIA!!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
|
Are the half year results out mamilli? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
|
Ericsson wrote:Are the half year results out mamilli? Nope...coming monday 27th Never lose your position in a bull market,BTFD.
|
|
|
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
|
 Pesa Nane plans to be shilingi when he grows up.
|
|
|
Wazua
»
Investor
»
Stocks
»
Centum HY17
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|