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Centum half year results 2017/2018
littledove
#1 Posted : Monday, November 27, 2017 10:23:45 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky


Total assets under this period have grown to KES 61.6 Bn as at 31 March 2017 to KES 62.5 Bn as at 30 Sep 2017
Our long term debt position has decreased by over KES 2Bn, with our long term debt at KES 11.1Bn as at HY 2018

The Company's total assets grew by 2% during this period,closing at KES 62.5bn while the Net Asset Value (NAV) per share increased to KES 69.7.

72% of the Gross Lettable Area (GLA) of @TwoRivers_KE is currently let, with 9% under negotiation. The target is to close December 2017 at 85% let


Full results link https://view.publitas.co...nded-30-september-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
Ericsson
#2 Posted : Monday, November 27, 2017 10:28:30 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Centum reports 21% decline in Net Profit mainly attributed to the poor performance of its banking unit (Sidian)
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
muganda
#3 Posted : Monday, November 27, 2017 10:35:25 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Interesting arguments @Ericsson, but arguments nevertheless smile


Pesa Nane
#4 Posted : Monday, November 27, 2017 11:20:10 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#5 Posted : Monday, November 27, 2017 11:22:50 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#6 Posted : Monday, November 27, 2017 11:28:14 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
serikali saidia sidian

Pesa Nane plans to be shilingi when he grows up.
obiero
#7 Posted : Monday, November 27, 2017 12:09:32 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,508
Location: nairobi
littledove wrote:


Total assets under this period have grown to KES 61.6 Bn as at 31 March 2017 to KES 62.5 Bn as at 30 Sep 2017
Our long term debt position has decreased by over KES 2Bn, with our long term debt at KES 11.1Bn as at HY 2018

The Company's total assets grew by 2% during this period,closing at KES 62.5bn while the Net Asset Value (NAV) per share increased to KES 69.7.

72% of the Gross Lettable Area (GLA) of @TwoRivers_KE is currently let, with 9% under negotiation. The target is to close December 2017 at 85% let


Full results link https://view.publitas.co...nded-30-september-2017/

Bad signs..

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
Angelica _ann
#8 Posted : Monday, November 27, 2017 12:23:15 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Who is the driver of this mbus?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#9 Posted : Monday, November 27, 2017 12:28:37 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Angelica _ann wrote:
Who is the driver of this mbus?


Haina driver hapa
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
littledove
#10 Posted : Monday, November 27, 2017 12:37:24 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
Ericsson wrote:
Angelica _ann wrote:
Who is the driver of this mbus?


Haina driver hapa

last bull season it had many drivers, kwani they all left? Its been attracting foreign inflows for many weeks now.i believe market share price
will catch up with nav per share
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
watesh
#11 Posted : Monday, November 27, 2017 12:55:41 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
obiero wrote:
littledove wrote:


Total assets under this period have grown to KES 61.6 Bn as at 31 March 2017 to KES 62.5 Bn as at 30 Sep 2017
Our long term debt position has decreased by over KES 2Bn, with our long term debt at KES 11.1Bn as at HY 2018

The Company's total assets grew by 2% during this period,closing at KES 62.5bn while the Net Asset Value (NAV) per share increased to KES 69.7.

72% of the Gross Lettable Area (GLA) of @TwoRivers_KE is currently let, with 9% under negotiation. The target is to close December 2017 at 85% let


Full results link https://view.publitas.co...nded-30-september-2017/

Bad signs..

Its just the top floors that are still empty....nothing attractive upstairs yet. The mall is huge though and it opened in an election year so uptake was bound to be slow. From my observation, foot traffic is great so far considering its targeting middle and upper class individuals
Ericsson
#12 Posted : Monday, November 27, 2017 10:00:46 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Sidian bank interest income declined by sh.980mn from sh.2.63bn to 1.65bn;a 37% decline.

Centum has abandoned buying 14,000 acres of land in Uganda citing disagreements with the vendor
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
obiero
#13 Posted : Monday, November 27, 2017 10:39:34 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,508
Location: nairobi
watesh wrote:
obiero wrote:
littledove wrote:


Total assets under this period have grown to KES 61.6 Bn as at 31 March 2017 to KES 62.5 Bn as at 30 Sep 2017
Our long term debt position has decreased by over KES 2Bn, with our long term debt at KES 11.1Bn as at HY 2018

The Company's total assets grew by 2% during this period,closing at KES 62.5bn while the Net Asset Value (NAV) per share increased to KES 69.7.

72% of the Gross Lettable Area (GLA) of @TwoRivers_KE is currently let, with 9% under negotiation. The target is to close December 2017 at 85% let


Full results link https://view.publitas.co...nded-30-september-2017/

Bad signs..

Its just the top floors that are still empty....nothing attractive upstairs yet. The mall is huge though and it opened in an election year so uptake was bound to be slow. From my observation, foot traffic is great so far considering its targeting middle and upper class individuals

Foot traffic and purchases are two different things

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
maka
#14 Posted : Tuesday, November 28, 2017 8:45:08 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
obiero wrote:
watesh wrote:
obiero wrote:
littledove wrote:


Total assets under this period have grown to KES 61.6 Bn as at 31 March 2017 to KES 62.5 Bn as at 30 Sep 2017
Our long term debt position has decreased by over KES 2Bn, with our long term debt at KES 11.1Bn as at HY 2018

The Company's total assets grew by 2% during this period,closing at KES 62.5bn while the Net Asset Value (NAV) per share increased to KES 69.7.

72% of the Gross Lettable Area (GLA) of @TwoRivers_KE is currently let, with 9% under negotiation. The target is to close December 2017 at 85% let


Full results link https://view.publitas.co...nded-30-september-2017/

Bad signs..

Its just the top floors that are still empty....nothing attractive upstairs yet. The mall is huge though and it opened in an election year so uptake was bound to be slow. From my observation, foot traffic is great so far considering its targeting middle and upper class individuals

Foot traffic and purchases are two different things



Spot on...
possunt quia posse videntur
Ericsson
#15 Posted : Wednesday, November 29, 2017 1:38:41 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ericsson wrote:
Sidian bank interest income declined by sh.980mn from sh.2.63bn to 1.65bn;a 37% decline.

Centum has abandoned buying 14,000 acres of land in Uganda citing disagreements with the vendor



http://www.businessdaily...07200-xb5du9z/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
dsktop
#16 Posted : Wednesday, November 29, 2017 3:26:46 PM
Rank: Member


Joined: 12/17/2007
Posts: 53
Ericsson wrote:
[quote=Ericsson]Sidian bank interest income declined by sh.980mn from sh.2.63bn to 1.65bn;a 37% decline.

Centum has abandoned buying 14,000 acres of land in Uganda citing disagreements with the vendor



http://www.businessdaily...7200-xb5du9z/index.html[/quote]
Anyone with sidian Q3 results... Saidia, hapo ndio mchezo iko this time round. The fall guys.

UG AG is a board member in centum, couldn't pull the Strings he was brought on board to pull.

Environment CS sister (extremely qualified I must say) but brought on to make coal great again
watesh
#17 Posted : Thursday, November 30, 2017 9:18:46 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
obiero wrote:
watesh wrote:
obiero wrote:
littledove wrote:


Total assets under this period have grown to KES 61.6 Bn as at 31 March 2017 to KES 62.5 Bn as at 30 Sep 2017
Our long term debt position has decreased by over KES 2Bn, with our long term debt at KES 11.1Bn as at HY 2018

The Company's total assets grew by 2% during this period,closing at KES 62.5bn while the Net Asset Value (NAV) per share increased to KES 69.7.

72% of the Gross Lettable Area (GLA) of @TwoRivers_KE is currently let, with 9% under negotiation. The target is to close December 2017 at 85% let


Full results link https://view.publitas.co...nded-30-september-2017/

Bad signs..

Its just the top floors that are still empty....nothing attractive upstairs yet. The mall is huge though and it opened in an election year so uptake was bound to be slow. From my observation, foot traffic is great so far considering its targeting middle and upper class individuals

Foot traffic and purchases are two different things

From my observations, anchor tenants such as LC Waikiki and Carrefour are enjoying splending sales. Restaurants such as Burger King, The Spur, are usually packed during the weekends. Last time I was there Chicken Inn and Urban Burger were set to be open soon. Magic Planet is way bigger than what we find at The Hub and can accommodate double the number of kids. The upcoming Cinema will definitely attract more clients from around the area who otherwise have to go all the way to Garden City. Carrefour there has waaaay more clients than Game at Garden City and Carrefour The Hub. Weekdays or weekends I always find more people there than any other mall.
Upcoming projects such as the Theme Park will differentiate it from other malls if they do it well and not just focus on a kid's theme park but sth for the adults also.
So far I think its doing well in less than a year since opening despite it not being near a densely populated area such as Garden City Mall or Thika Road Mall.
Ericsson
#18 Posted : Thursday, November 30, 2017 9:46:12 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
watesh wrote:
obiero wrote:
watesh wrote:
obiero wrote:
littledove wrote:


Total assets under this period have grown to KES 61.6 Bn as at 31 March 2017 to KES 62.5 Bn as at 30 Sep 2017
Our long term debt position has decreased by over KES 2Bn, with our long term debt at KES 11.1Bn as at HY 2018

The Company's total assets grew by 2% during this period,closing at KES 62.5bn while the Net Asset Value (NAV) per share increased to KES 69.7.

72% of the Gross Lettable Area (GLA) of @TwoRivers_KE is currently let, with 9% under negotiation. The target is to close December 2017 at 85% let


Full results link https://view.publitas.co...nded-30-september-2017/

Bad signs..

Its just the top floors that are still empty....nothing attractive upstairs yet. The mall is huge though and it opened in an election year so uptake was bound to be slow. From my observation, foot traffic is great so far considering its targeting middle and upper class individuals

Foot traffic and purchases are two different things

From my observations, anchor tenants such as LC Waikiki and Carrefour are enjoying splending sales. Restaurants such as Burger King, The Spur, are usually packed during the weekends. Last time I was there Chicken Inn and Urban Burger were set to be open soon. Magic Planet is way bigger than what we find at The Hub and can accommodate double the number of kids. The upcoming Cinema will definitely attract more clients from around the area who otherwise have to go all the way to Garden City. Carrefour there has waaaay more clients than Game at Garden City and Carrefour The Hub. Weekdays or weekends I always find more people there than any other mall.
Upcoming projects such as the Theme Park will differentiate it from other malls if they do it well and not just focus on a kid's theme park but sth for the adults also.
So far I think its doing well in less than a year since opening despite it not being near a densely populated area such as Garden City Mall or Thika Road Mall.


Have you seen the population of Ruaka
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
littledove
#19 Posted : Tuesday, December 05, 2017 2:48:00 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
The bus is slowly taking off
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
littledove
#20 Posted : Monday, January 15, 2018 8:46:28 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
somebody predicted here - i dont remember in which thread "if jubilee wins buy centum in bucket loads"
it seems he had some insight

https://www.businessdailyafrica.com/news/Centum-to-lead-Sh25bn-railway-project/539546-4263206-4meqy5z/index.html
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
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