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Centum HY 2018/2019
Ericsson
#21 Posted : Monday, November 26, 2018 9:50:07 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,047
Location: NAIROBI
rwitre wrote:
sparkly wrote:
obiero wrote:
sparkly wrote:
Half Year 2018/19 being presented today morning.

They release the results on newspaper late last week and then have a presentation today?
Very interesting



Other companies should follow suit. Give the stakeholders time to scrutinize so that they can ask informed questions


...or they are preparing for a price pump today when the +10% rule won't be in force.


Share price trading at a reflection of the performance,so there will be no effect
Ericsson
#22 Posted : Monday, November 26, 2018 10:07:48 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,047
Location: NAIROBI
Profitability driven by ksh.1.244bn realised gains from disposal of Gen Africa.
GenAfrica achieving an IRR of 29%.

James Mworia;
We need to renew the capital structure of the business. We want the shareholders to have great returns.
We are targeting to pay debt at individual businesses and not at the group level.
On the outlook, to optimize the gross return, we are planning on robust exit pipeline of mature assets across the portfolio.

To reduce debt at Centum level, we will utilize part of exit proceeds to completely pay down long term debt as it matures

Debt distress at play.
VituVingiSana
#23 Posted : Monday, November 26, 2018 11:21:45 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,148
Location: Nairobi
sparkly wrote:
obiero wrote:
sparkly wrote:
Half Year 2018/19 being presented today morning.

They release the results on newspaper late last week and then have a presentation today?
Very interesting


Other companies should follow suit. Give the stakeholders time to scrutinize so that they can ask informed questions

I like that! It's good to let folks digest the info. Conf Call at 3.30pm.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
rwitre
#24 Posted : Wednesday, November 28, 2018 3:15:52 PM
Rank: Member


Joined: 3/8/2018
Posts: 229
Location: Nairobi
Been looking to diversify and include a blue chip with high potential for capital gains...(because dividends don't multiply wealth fast enough, and high-beta stocks will ruin quality of sleep).

Settled on Centum with its discount on NAV, plus the headstrong management that has a firm handle on things.

My one concern is the circa Sh50 billion in a fresh private equity (PE) being sought, how prudently it will be used, and its impact on the balance sheet. But seeing the track record of the board in selecting firms to sink money into (plus the insistence on focusing on cash generating companies, and not greenfield ventures or turn-around types), am optimistic.
VituVingiSana
#25 Posted : Wednesday, December 05, 2018 10:04:04 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,148
Location: Nairobi
.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#26 Posted : Wednesday, December 05, 2018 12:15:30 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,479
Location: Kitale
rwitre wrote:
Been looking to diversify and include a blue chip with high potential for capital gains...(because dividends don't multiply wealth fast enough, and high-beta stocks will ruin quality of sleep).

Settled on Centum with its discount on NAV, plus the headstrong management that has a firm handle on things.

My one concern is the circa Sh50 billion in a fresh private equity (PE) being sought, how prudently it will be used, and its impact on the balance sheet. But seeing the track record of the board in selecting firms to sink money into (plus the insistence on focusing on cash generating companies, and not greenfield ventures or turn-around types), am optimistic.



im also in the process of changing my attitude towards centum.I went into their historical background and i liked the initial purpose of forming it.
Towards the goal of financial freedom
rwitre
#27 Posted : Thursday, January 17, 2019 10:54:39 AM
Rank: Member


Joined: 3/8/2018
Posts: 229
Location: Nairobi
Buy value, the price will sort itself.

Applause Applause
Ericsson
#28 Posted : Thursday, January 17, 2019 11:58:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,047
Location: NAIROBI
rwitre wrote:
Buy value, the price will sort itself.

Applause Applause


Signifies an oncoming mini bull run
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