Centum is a sell,very soon people will realise that your core business can't be reporting profits by REVALUATION ( Many plot owners use this model and perceive they care rich).

It's a pity one can compare Warren Buffett to @ KE brokers. One Biwot run successful companies with a top notch team ( check out the directors of say KK versus Centum) and make your own decision.

Finally, where a business is modeled on directors connections, be very cautious.

No one questions Centum past, but what we are worried about here is the future. When a seasoned investor starts selling shares in KCB and buying Sidian Bank,starts buying into a publishing house while GoK is keen to nub educational book-sellers cartels, purchases a 'sisal' plantation in Vipingo while tourism is on a decline, attempts a USD 2B coal deal without any commensurate cashflow.. We are simply worried

Sidian - Buying MFI, converting into a bank. MFIs growing faster than banks;

Longhorn - Listed to sell (not to buy)

Vipingo - Buy a farm, convert it into an incentivized city;

Lamu Coal Plant - The industrial revolution in England is based on shift from from wood (dwindling wood fuel sources) to coal. Why re-invent the wheel?

Some will die some will succeed. If rate caps continue, Sidian will die.

If progress was based on always following (outdated) past technology, there would be no mobile phones in Kenya as we would be struggling with more land lines instead of highfalutin wireless technologies. Why can't our next "Safaricom" have renewable energy at its core?

Base Load requires the production of a minimum amount of power at all times. Renewables (without the ability to store the power) is usually an unreliable supply 24/7/52. That said, as storage becomes cheaper we should be able to store power during peak production for use during peak usage.

Solar 6am-7pm when the sun is out.
Wind - When the wind is blowing. Some areas have almost 24/7 wind but the intensity may vary.
Hydo - Needs water and dams. Perhaps we need to use smaller dams and different technology which don't require damming.

Nuclear - Very expensive to set up + risks involved. Plus I do not trust GoK to construct and maintain a nuclear facility. Those buggers will cut corners as they have done with other infrastructure OR inflate the cost.

Coal - Possibly dirty but new tech could reduce the amount of pollution. Coal is falling out of favor, is plentiful and getting cheaper. We should be careful about over-capacity.
Thermal - Dirty + expensive as oil prices rise.

No easy choices!

Centum is (IMHO) run by smart folks. They must have thought this out. That said, if the plan dies, there will be a loss that Centum will have to recognize. In fact, they should provision for it now and if it comes into being then write it back!

Nuclear is already underway. My only fear for that coal project is that due to corruption and good old neo colonialism we may end up selling most of our 'carbon credits' and the coal power producer will be limited to how much coal they can burn.
Does centum have enough cash to undertake the project and take the hit on producing at a limited capacity?

Centum will have to partner with others as it did in Two Rivers (AVIC) once the plan is ready i.e. get all the approvals, PPA, etc... I think the PPA is done but the approvals are pending.

Cash to repay the loans they have in excess of sh.10bn

Centum has taken a lot of risk, though they have been lucky so far. Unfortunately one wrong turn might bring the company down due to the huge risk and high leverage. DJ CK also needs to be around for them to keep getting the deals