Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Tuesday, Mar 31, 2020
Investor
We’re investing funds for profit. Join us and wazua!
LATEST DISCUSSIONS
Centum 2019/2020 [107]
Umeme shareholders [2]
Kenya Airways...why ignore.. [14452]
First World Markets Shenanigans [131]
Madness at the NSE [2225]
411 on dividend and AGM [780]
Actionable Intelligence [7]
Exchange Bar: Results forecast [2138]
East African Cables [55]
Thoughts on TPS Serena [131]
KenyaRe FY19 - FY23 (Both Inclusive) [453]
Building an apartment complex. Too good to be true... [32]
Flame Tree Group 2019 [27]
Elliott Wave Analysis Of The NSE 20 [3371]
Mumias Sugar huge demand [2824]
 
Forum Jump
Welcome Guest Search | Active Topics | Log In | Register

6 Pages«<3456>
Centum 2019/2020
sparkly
#81 Posted : Tuesday, March 24, 2020 10:48:55 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,660
Location: Enk are Nyirobi
Receptor wrote:
Ericsson wrote:
https://kenyanwallstreet.com/regulator-approves-chris-kirubi-to-acquire-50-stake-in-centum/
Kenya’s capital market regulator has given a go-ahead to allow businessman Christopher Kirubi to acquire up to 49.99 percent shares of Centum Investment Company PLC, without having to make a mandatory take-over offer to other shareholders.

A statement from the listed firm notes that the exemption will see Dr Kirubi progressively raise his shareholding in Centum from the current 30 per cent threshold in open market transactions.

According to the billionaire businessman, the intended additional acquisition indicates his “strong vote of confidence in the future prospects and long-term strategic direction of the company,” adding that his target is to acquire the additional shares subject to their availability in the open market.

The exemption to acquire additional shares without triggering a mandatory takeover offer is in line with the CMA’s policy initiative of encouraging unrestricted demand for shares in publicly listed companies, which helps in price discovery of listed stocks.

Dr Kirubi currently sits on the board of Centum as a director and has been a key shareholder of the company for more than 20 years.

The CMA also aims to enable shareholders to continue to publicly support companies that they are already invested in, while facilitating increased market liquidity.


Centum says the exemption has been granted on the condition that all trading in Centum shares shall continue to be in compliance with all regulatory requirements relating to insider trading.


This is how markets are rigged. The big shareholder tries to control the price of a share in the midst of a global crisis. Suspicious pump and dump strategy by Kirubi.


Kirubi doesn't pump and dump. He has steadily increased his stake in Centum. Notifying the authorities of his intention to buy more is a legal requirement.
Life is short. Live passionately.
sparkly
#82 Posted : Tuesday, March 24, 2020 10:50:31 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,660
Location: Enk are Nyirobi
Receptor wrote:
VituVingiSana wrote:
Receptor wrote:
Ericsson wrote:
https://kenyanwallstreet.com/regulator-approves-chris-kirubi-to-acquire-50-stake-in-centum/
Kenya’s capital market regulator has given a go-ahead to allow businessman Christopher Kirubi to acquire up to 49.99 percent shares of Centum Investment Company PLC, without having to make a mandatory take-over offer to other shareholders.

A statement from the listed firm notes that the exemption will see Dr Kirubi progressively raise his shareholding in Centum from the current 30 per cent threshold in open market transactions.

According to the billionaire businessman, the intended additional acquisition indicates his “strong vote of confidence in the future prospects and long-term strategic direction of the company,” adding that his target is to acquire the additional shares subject to their availability in the open market.

The exemption to acquire additional shares without triggering a mandatory takeover offer is in line with the CMA’s policy initiative of encouraging unrestricted demand for shares in publicly listed companies, which helps in price discovery of listed stocks.

Dr Kirubi currently sits on the board of Centum as a director and has been a key shareholder of the company for more than 20 years.

The CMA also aims to enable shareholders to continue to publicly support companies that they are already invested in, while facilitating increased market liquidity.


Centum says the exemption has been granted on the condition that all trading in Centum shares shall continue to be in compliance with all regulatory requirements relating to insider trading.

This is how markets are rigged. The big shareholder tries to control the price of a share in the midst of a global crisis. Suspicious pump and dump strategy by Kirubi.
I am trying to wrap my head around this. Please clarify the pump and dump strategy he is using? Thanks.


The keyword is suspicious. Nothing to clarify



Kirubi doesn't pump and dump. He has steadily increased his stake in Centum. Notifying the authorities of his intention to buy more is a legal requirement.

Life is short. Live passionately.
VituVingiSana
#83 Posted : Tuesday, March 24, 2020 10:52:05 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,883
Location: Nairobi
Receptor wrote:
VituVingiSana wrote:
Receptor wrote:
Ericsson wrote:
https://kenyanwallstreet.com/regulator-approves-chris-kirubi-to-acquire-50-stake-in-centum/
Kenya’s capital market regulator has given a go-ahead to allow businessman Christopher Kirubi to acquire up to 49.99 percent shares of Centum Investment Company PLC, without having to make a mandatory take-over offer to other shareholders.

A statement from the listed firm notes that the exemption will see Dr Kirubi progressively raise his shareholding in Centum from the current 30 per cent threshold in open market transactions.

According to the billionaire businessman, the intended additional acquisition indicates his “strong vote of confidence in the future prospects and long-term strategic direction of the company,” adding that his target is to acquire the additional shares subject to their availability in the open market.

The exemption to acquire additional shares without triggering a mandatory takeover offer is in line with the CMA’s policy initiative of encouraging unrestricted demand for shares in publicly listed companies, which helps in price discovery of listed stocks.

Dr Kirubi currently sits on the board of Centum as a director and has been a key shareholder of the company for more than 20 years.

The CMA also aims to enable shareholders to continue to publicly support companies that they are already invested in, while facilitating increased market liquidity.


Centum says the exemption has been granted on the condition that all trading in Centum shares shall continue to be in compliance with all regulatory requirements relating to insider trading.

This is how markets are rigged. The big shareholder tries to control the price of a share in the midst of a global crisis. Suspicious pump and dump strategy by Kirubi.
I am trying to wrap my head around this. Please clarify the pump and dump strategy he is using? Thanks.


The keyword is suspicious. Nothing to clarify
Please explain what you mean by "suspicious pump and dump strategy."
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#84 Posted : Tuesday, March 24, 2020 10:54:19 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,883
Location: Nairobi
nairobby wrote:
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
[quote=watesh]The old man is ruining the party!! Now that stock wont drop since he will be swallowing everything everyone dumps.....Centum has 11bn in cash to make some really really good buys.
CK is using his cash but it would have been better for existing shareholders if it was a share buyback.

While it's not a buyback. I'm looking at Kirubi's play from the same lens. Remember buybacks aren't permitted over here by law. I think it's time to start accumulating this stock
I am trying to wrap my head around this. Which law - please help me out by providing the sections (not hearsay/articles) - prohibits share buybacks? Thanks.


https://kenyanwallstreet...es-buy-back-regulation/[/quote] Thank you but perhaps you did not manage to read what I asked. Let me repost my question. "Which law - please help me out by providing the sections (not hearsay/articles) - prohibits share buybacks?"
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
nairobby
#85 Posted : Tuesday, March 24, 2020 11:35:04 AM
Rank: Member


Joined: 1/18/2019
Posts: 172
Location: kenya
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
[quote=watesh]The old man is ruining the party!! Now that stock wont drop since he will be swallowing everything everyone dumps.....Centum has 11bn in cash to make some really really good buys.
CK is using his cash but it would have been better for existing shareholders if it was a share buyback.

While it's not a buyback. I'm looking at Kirubi's play from the same lens. Remember buybacks aren't permitted over here by law. I think it's time to start accumulating this stock
I am trying to wrap my head around this. Which law - please help me out by providing the sections (not hearsay/articles) - prohibits share buybacks? Thanks.


https://kenyanwallstreet...es-buy-back-regulation/[/quote] Thank you but perhaps you did not manage to read what I asked. Let me repost my question. "Which law - please help me out by providing the sections (not hearsay/articles) - prohibits share buybacks?"


The law is mentioned in the article, read my friend
VituVingiSana
#86 Posted : Tuesday, March 24, 2020 11:39:49 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,883
Location: Nairobi
nairobby wrote:
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
watesh wrote:
The old man is ruining the party!! Now that stock wont drop since he will be swallowing everything everyone dumps.....Centum has 11bn in cash to make some really really good buys.
CK is using his cash but it would have been better for existing shareholders if it was a share buyback.

While it's not a buyback. I'm looking at Kirubi's play from the same lens. Remember buybacks aren't permitted over here by law. I think it's time to start accumulating this stock
I am trying to wrap my head around this. Which law - please help me out by providing the sections (not hearsay/articles) - prohibits share buybacks? Thanks.


https://kenyanwallstreet...es-buy-back-regulation/
Thank you but perhaps you did not manage to read what I asked. Let me repost my question. "Which law - please help me out by providing the sections (not hearsay/articles) - prohibits share buybacks?"


The law is mentioned in the article, read my friend
Dear Friend, I read the article but the law that PROHIBITS buybacks is not mentioned.
Please read it again and quote the sections of the law. Thanks.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
rwitre
#87 Posted : Tuesday, March 24, 2020 2:51:40 PM
Rank: Member


Joined: 3/8/2018
Posts: 406
Location: Nairobi
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
watesh wrote:
The old man is ruining the party!! Now that stock wont drop since he will be swallowing everything everyone dumps.....Centum has 11bn in cash to make some really really good buys.
CK is using his cash but it would have been better for existing shareholders if it was a share buyback.

While it's not a buyback. I'm looking at Kirubi's play from the same lens. Remember buybacks aren't permitted over here by law. I think it's time to start accumulating this stock
I am trying to wrap my head around this. Which law - please help me out by providing the sections (not hearsay/articles) - prohibits share buybacks? Thanks.


https://kenyanwallstreet...es-buy-back-regulation/
Thank you but perhaps you did not manage to read what I asked. Let me repost my question. "Which law - please help me out by providing the sections (not hearsay/articles) - prohibits share buybacks?"


The law is mentioned in the article, read my friend
Dear Friend, I read the article but the law that PROHIBITS buybacks is not mentioned.
Please read it again and quote the sections of the law. Thanks.


Current laws don't ban share buybacks.

However, they don't support them either.

Companies can't buyback their shares from the open market without the Company's Act dictating the terms and limits.
Ericsson
#88 Posted : Tuesday, March 24, 2020 6:01:16 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,166
Location: NAIROBI
rwitre wrote:
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
watesh wrote:
The old man is ruining the party!! Now that stock wont drop since he will be swallowing everything everyone dumps.....Centum has 11bn in cash to make some really really good buys.
CK is using his cash but it would have been better for existing shareholders if it was a share buyback.

While it's not a buyback. I'm looking at Kirubi's play from the same lens. Remember buybacks aren't permitted over here by law. I think it's time to start accumulating this stock
I am trying to wrap my head around this. Which law - please help me out by providing the sections (not hearsay/articles) - prohibits share buybacks? Thanks.


https://kenyanwallstreet...es-buy-back-regulation/
Thank you but perhaps you did not manage to read what I asked. Let me repost my question. "Which law - please help me out by providing the sections (not hearsay/articles) - prohibits share buybacks?"


The law is mentioned in the article, read my friend
Dear Friend, I read the article but the law that PROHIBITS buybacks is not mentioned.
Please read it again and quote the sections of the law. Thanks.


Current laws don't ban share buybacks.

However, they don't support them either.

Companies can't buyback their shares from the open market without the Company's Act dictating the terms and limits.

Eish did we have to get to this explanation for conclusion.
VituVingiSana
#89 Posted : Tuesday, March 24, 2020 7:22:04 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,883
Location: Nairobi
rwitre wrote:
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
nairobby wrote:
VituVingiSana wrote:
watesh wrote:
The old man is ruining the party!! Now that stock wont drop since he will be swallowing everything everyone dumps.....Centum has 11bn in cash to make some really really good buys.
CK is using his cash but it would have been better for existing shareholders if it was a share buyback.

While it's not a buyback. I'm looking at Kirubi's play from the same lens. Remember buybacks aren't permitted over here by law. I think it's time to start accumulating this stock
I am trying to wrap my head around this. Which law - please help me out by providing the sections (not hearsay/articles) - prohibits share buybacks? Thanks.


https://kenyanwallstreet...es-buy-back-regulation/
Thank you but perhaps you did not manage to read what I asked. Let me repost my question. "Which law - please help me out by providing the sections (not hearsay/articles) - prohibits share buybacks?"


The law is mentioned in the article, read my friend
Dear Friend, I read the article but the law that PROHIBITS buybacks is not mentioned.
Please read it again and quote the sections of the law. Thanks.


Current laws don't ban share buybacks.

However, they don't support them either.

Companies can't buyback their shares from the open market without the Company's Act dictating the terms and limits.
As long as the firms follow the law, they are allowed to do enter into buybacks. Crown tried it but the T&Cs seemed onerous though now it may be a better time given the lower prices.

It's just that some in the CMA felt otherwise, and not the law, about share buybacks. It is a very important distinction.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#90 Posted : Tuesday, March 24, 2020 8:52:27 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,166
Location: NAIROBI
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.
VituVingiSana
#91 Posted : Wednesday, March 25, 2020 1:26:20 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,883
Location: Nairobi
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.
Hapo, umesema ukweli but I hope he takes us along with him! Laughing out loudly Laughing out loudly Laughing out loudly I would not bet on it though.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
watesh
#92 Posted : Wednesday, March 25, 2020 9:11:58 AM
Rank: Member


Joined: 8/10/2014
Posts: 793
Location: Kenya
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.
VituVingiSana
#93 Posted : Wednesday, March 25, 2020 11:05:20 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,883
Location: Nairobi
watesh wrote:
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.
We can also join in though it does require cash. d'oh! I would have preferred a share buyback which would increase the NAV/share for existing shareholders but the CMA doesn't like these.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#94 Posted : Wednesday, March 25, 2020 12:48:33 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,166
Location: NAIROBI
VituVingiSana wrote:
watesh wrote:
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.
We can also join in though it does require cash. d'oh! I would have preferred a share buyback which would increase the NAV/share for existing shareholders but the CMA doesn't like these.

Sell your holdings at the earliest opportunity
VituVingiSana
#95 Posted : Thursday, March 26, 2020 6:21:59 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,883
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
watesh wrote:
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.
We can also join in though it does require cash. d'oh! I would have preferred a share buyback which would increase the NAV/share for existing shareholders but the CMA doesn't like these.

Sell your holdings at the earliest opportunity
Why?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#96 Posted : Saturday, March 28, 2020 9:24:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 8,166
Location: NAIROBI
watesh wrote:
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.



Let's wait and see
whiteowl
#97 Posted : Saturday, March 28, 2020 7:58:00 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,394
Location: Bohemian Grove
Ericsson wrote:
watesh wrote:
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.



Let's wait and see


You can't play against the market only against other players. Let him try sinking billions and they'll be washed away as this thing heads to 10/=
rwitre
#98 Posted : Saturday, March 28, 2020 8:18:15 PM
Rank: Member


Joined: 3/8/2018
Posts: 406
Location: Nairobi
whiteowl wrote:
Ericsson wrote:
watesh wrote:
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.



Let's wait and see


You can't play against the market only against other players. Let him try sinking billions and they'll be washed away as this thing heads to 10/=


Centum is oversold.

On NAV, EPS, DPS, track record over the years, future projection- its numbers are calling for value investors to board.

Management is solid.
Diversified portfolio with easy-to-understand businesses.
CEO even has skin in the game
Largest individual shareholder is stocking up more

Top reasons for selling:
1. Shareholders looking for liquidity.
2. Panic over falling prices across the market.

The company is fundamentally sound.

Can we time the bottom? No.
Is the share insanely cheap at the moment? Yes.

Will you buy?

Keep in mind: Markets can remain irrational longer than you can remain solvent
RIEK01
#99 Posted : Saturday, March 28, 2020 9:11:01 PM
Rank: New-farer


Joined: 2/8/2018
Posts: 60
News was designed to try and stabilize price.There are many far better companies to put your money in. Solid management ??? Sidian, Akira, Amu power & RVR investments?
sparkly
#100 Posted : Sunday, March 29, 2020 10:54:20 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,660
Location: Enk are Nyirobi
RIEK01 wrote:
News was designed to try and stabilize price.There are many far better companies to put your money in. Solid management ??? Sidian, Akira, Amu power & RVR investments?


Centum is no longer in RVR.
Life is short. Live passionately.
Users browsing this topic
Guest
6 Pages«<3456>
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.

Home | . .. Investor | .. . Groups | .. . SME | . . . Market | .. . Club SK | . ..... About Wazua | . .. Search | . ..Sitemap | . ..Support | . ..Disclaimer | . ..Privacy Policy | . ..Terms of Use | . .. Contact Us
Copyright © 2020 Wazua.co.ke. All Rights Reserved.