Home SK - Stocks, Property, Investment Chamas - Investment Groups BIZ - Small Business Soko - Market Wazua Life About Wazua
SIGN IN REGISTER
Thursday, Jul 18, 2019
Investor
We’re investing funds for profit. Join us and wazua!
FEATURE  

LATEST DISCUSSIONS
Transcentury vs Kenya Power [59]
Mumias Sugar huge demand [2660]
KCB and NBK material announcement [163]
KCB 2018 and Beyond [323]
SGR officially dead. What next? [107]
Kenya Airways...why ignore.. [13264]
Sunset Boulevard vs Everest Park [48]
Williamson Tea &, Kapchorua [37]
Bitcoin: Best app to use for transactions [7]
Speculating in cryptocurrencies: A rough approach [249]
Bitcoin: Does it have a future ? [1116]
411 on dividend and AGM [681]
Safaricom, Equity Bank Ethiopian Connection [43]
Mobile Loans Ponzi [184]
UAP OLD Mutual FY2018 Loss of ksh.480mn [12]
 
Forum Jump








Welcome Guest Search | Active Topics | Log In | Register

4 Pages<1234>
Centum FY 2019 eps up 69% with div of 1.20/-
sparkly
#41 Posted : Sunday, June 23, 2019 11:52:28 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,045
Location: Enk are Nyirobi
VituVingiSana wrote:
littledove wrote:
Ericsson wrote:
Centum announced on Wednesday that it has suspended further capital expenditure and will put key investments on auction to pay off its mounting debt.

The Nairobi-based investment firm’s latest move is part of a recalibration of its recent expansion as the company’s cash flow tightened and debt-coverage ratio fell.

The firm’s latest debt-driven policy shift is in stark contrast to most analysts’ views that its debt could be paid off using internally generated funds.
Centum, which is cross-listed on the Uganda Securities Exchange, also said it had dropped the “development” aspect of its investment portfolio and shifted focus to “real estate, private equity and marketable securities over the next five years (2019-2024).”

The company has suspended investments in education, agribusiness, power, infrastructure, manufacturing, health, and ICT.

“Over the next five years, our focus is on cash annuity income and holding optimal liquidity reserve. Investments will be in cash-generating assets with no further capital deployments in the development portfolio,” said James Mworia, the firm’s chief executive.

https://www.theeastafric...62028-f7y48e/index.html

This was said here earlier and has come to pass

I thought sale of almasi will sort their debt issues

Proceeds of the asset sale will repay debts of Ksh7.5 billion ($75 million) and the balance will be invested in the private equity fund and marketable securities.
Mr Mworia said “the company is on course to settling the term loans in 2019 and the bond maturity in 2020.”

As a net buyer of Centum on dips, I should be moaning and groaning like some of you so I can get a better price.
Laughing out loudly



Their profits and NAV growth been based on revaluations and provisioning without cash inflows from investments. The strategy was bound to run out of steam at some point.
Life is short. Live passionately.
Gachugi
#42 Posted : Sunday, June 23, 2019 10:46:56 PM
Rank: Hello


Joined: 6/23/2019
Posts: 1
Location: Nakuru
has this company ever made a loss?
VituVingiSana
#43 Posted : Monday, June 24, 2019 11:18:31 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,033
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
littledove wrote:
Ericsson wrote:
Centum announced on Wednesday that it has suspended further capital expenditure and will put key investments on auction to pay off its mounting debt.

The Nairobi-based investment firm’s latest move is part of a recalibration of its recent expansion as the company’s cash flow tightened and debt-coverage ratio fell.

The firm’s latest debt-driven policy shift is in stark contrast to most analysts’ views that its debt could be paid off using internally generated funds.
Centum, which is cross-listed on the Uganda Securities Exchange, also said it had dropped the “development” aspect of its investment portfolio and shifted focus to “real estate, private equity and marketable securities over the next five years (2019-2024).”

The company has suspended investments in education, agribusiness, power, infrastructure, manufacturing, health, and ICT.

“Over the next five years, our focus is on cash annuity income and holding optimal liquidity reserve. Investments will be in cash-generating assets with no further capital deployments in the development portfolio,” said James Mworia, the firm’s chief executive.

https://www.theeastafric...62028-f7y48e/index.html

This was said here earlier and has come to pass

I thought sale of almasi will sort their debt issues

Proceeds of the asset sale will repay debts of Ksh7.5 billion ($75 million) and the balance will be invested in the private equity fund and marketable securities.
Mr Mworia said “the company is on course to settling the term loans in 2019 and the bond maturity in 2020.”

As a net buyer of Centum on dips, I should be moaning and groaning like some of you so I can get a better price.
Laughing out loudly



Their profits and NAV growth been based on revaluations and provisioning without cash inflows from investments. The strategy was bound to run out of steam at some point.
Not a problem for investors with long-term views as long as the underlying portfolios are increasing in value.

BUT As a net buyer of Centum on dips, I should be moaning and groaning like some so I can get a better price. Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
xtina
#44 Posted : Monday, June 24, 2019 12:32:20 PM
Rank: Member


Joined: 6/26/2008
Posts: 255
Waa, it seems VVS you will get your price. It seems other investors are not happy with the news. Supply is 10x demand

ICDC 22,800 220,300
VituVingiSana
#45 Posted : Monday, June 24, 2019 2:05:28 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,033
Location: Nairobi
xtina wrote:
Waa, it seems VVS you will get your price. It seems other investors are not happy with the news. Supply is 10x demand

ICDC 22,800 220,300
Drool Drool Drool Let it go under 30! Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
rwitre
#46 Posted : Monday, June 24, 2019 7:22:54 PM
Rank: Member


Joined: 3/8/2018
Posts: 327
Location: Nairobi
VituVingiSana wrote:

xtina wrote:
Waa, it seems VVS you will get your price. It seems other investors are not happy with the news. Supply is 10x demand

ICDC 22,800 220,300



Drool Drool Drool Let it go under 30! Applause Applause Applause



Come Baby Come smile smile
whiteowl
#47 Posted : Monday, June 24, 2019 9:26:48 PM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,320
Location: Bohemian Grove
VituVingiSana wrote:
xtina wrote:
Waa, it seems VVS you will get your price. It seems other investors are not happy with the news. Supply is 10x demand

ICDC 22,800 220,300
Drool Drool Drool Let it go under 30! Applause Applause Applause


I think this is conspiracy by CK to bring it down near 20 and buy more shares.Some years back the price shot up after the "1 Billion war chest" story and I don't think he was done buying.
VituVingiSana
#48 Posted : Monday, June 24, 2019 11:51:18 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,033
Location: Nairobi
whiteowl wrote:
VituVingiSana wrote:
xtina wrote:
Waa, it seems VVS you will get your price. It seems other investors are not happy with the news. Supply is 10x demand

ICDC 22,800 220,300
Drool Drool Drool Let it go under 30! Applause Applause Applause


I think this is conspiracy by CK to bring it down near 20 and buy more shares.Some years back the price shot up after the "1 Billion war chest" story and I don't think he was done buying.
Well, then join him smile
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#49 Posted : Tuesday, June 25, 2019 6:02:12 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,865
Location: NAIROBI
whiteowl wrote:
VituVingiSana wrote:
xtina wrote:
Waa, it seems VVS you will get your price. It seems other investors are not happy with the news. Supply is 10x demand

ICDC 22,800 220,300
Drool Drool Drool Let it go under 30! Applause Applause Applause


I think this is conspiracy by CK to bring it down near 20 and buy more shares.Some years back the price shot up after the "1 Billion war chest" story and I don't think he was done buying.


At that time the company was not in a debt distress position.
sparkly
#50 Posted : Tuesday, June 25, 2019 8:08:59 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,045
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
littledove wrote:
Ericsson wrote:
Centum announced on Wednesday that it has suspended further capital expenditure and will put key investments on auction to pay off its mounting debt.

The Nairobi-based investment firm’s latest move is part of a recalibration of its recent expansion as the company’s cash flow tightened and debt-coverage ratio fell.

The firm’s latest debt-driven policy shift is in stark contrast to most analysts’ views that its debt could be paid off using internally generated funds.
Centum, which is cross-listed on the Uganda Securities Exchange, also said it had dropped the “development” aspect of its investment portfolio and shifted focus to “real estate, private equity and marketable securities over the next five years (2019-2024).”

The company has suspended investments in education, agribusiness, power, infrastructure, manufacturing, health, and ICT.

“Over the next five years, our focus is on cash annuity income and holding optimal liquidity reserve. Investments will be in cash-generating assets with no further capital deployments in the development portfolio,” said James Mworia, the firm’s chief executive.

https://www.theeastafric...62028-f7y48e/index.html

This was said here earlier and has come to pass

I thought sale of almasi will sort their debt issues

Proceeds of the asset sale will repay debts of Ksh7.5 billion ($75 million) and the balance will be invested in the private equity fund and marketable securities.
Mr Mworia said “the company is on course to settling the term loans in 2019 and the bond maturity in 2020.”

As a net buyer of Centum on dips, I should be moaning and groaning like some of you so I can get a better price.
Laughing out loudly



Their profits and NAV growth been based on revaluations and provisioning without cash inflows from investments. The strategy was bound to run out of steam at some point.
Not a problem for investors with long-term views as long as the underlying portfolios are increasing in value.

BUT As a net buyer of Centum on dips, I should be moaning and groaning like some so I can get a better price. Laughing out loudly


Exercise caution.
Life is short. Live passionately.
whiteowl
#51 Posted : Tuesday, June 25, 2019 8:23:02 AM
Rank: Veteran


Joined: 4/16/2014
Posts: 1,320
Location: Bohemian Grove
VituVingiSana wrote:
whiteowl wrote:
VituVingiSana wrote:
xtina wrote:
Waa, it seems VVS you will get your price. It seems other investors are not happy with the news. Supply is 10x demand

ICDC 22,800 220,300
Drool Drool Drool Let it go under 30! Applause Applause Applause


I think this is conspiracy by CK to bring it down near 20 and buy more shares.Some years back the price shot up after the "1 Billion war chest" story and I don't think he was done buying.
Well, then join him smile


I will.Right now this stock needs as much negative news as it can get.
VituVingiSana
#52 Posted : Tuesday, June 25, 2019 9:36:12 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,033
Location: Nairobi
whiteowl wrote:
VituVingiSana wrote:
whiteowl wrote:
VituVingiSana wrote:
xtina wrote:
Waa, it seems VVS you will get your price. It seems other investors are not happy with the news. Supply is 10x demand

ICDC 22,800 220,300
Drool Drool Drool Let it go under 30! Applause Applause Applause


I think this is conspiracy by CK to bring it down near 20 and buy more shares.Some years back the price shot up after the "1 Billion war chest" story and I don't think he was done buying.
Well, then join him smile

I will. Right now this stock needs as much negative news as it can get.
Applause Applause Applause I saw a trade first thing at 30.25 but it looks pre-negotiated. Next trade at 31.75 Sad
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#53 Posted : Wednesday, June 26, 2019 6:48:32 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,865
Location: NAIROBI
Environmental tribunal cancels Environmental Impact Assessment license for Lamu coal project over failure by NEMA to comply with the law
Angelica _ann
#54 Posted : Wednesday, June 26, 2019 7:19:41 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,549
Ericsson wrote:
Environmental tribunal cancels Environmental Impact Assessment license for Lamu coal project over failure by NEMA to comply with the law


I knew this coal project was bound to bring controversy, that is Kenya for you. Whenever you have +3 & more regulator/regulatory bodies be very careful in your investment steps. Anyway let us see how it works out!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Horton
#55 Posted : Thursday, June 27, 2019 6:29:12 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,422
Location: Nairobi
Angelica _ann wrote:
Ericsson wrote:
Environmental tribunal cancels Environmental Impact Assessment license for Lamu coal project over failure by NEMA to comply with the law


I knew this coal project was bound to bring controversy, that is Kenya for you. Whenever you have +3 & more regulator/regulatory bodies be very careful in your investment steps. Anyway let us see how it works out!!!



Hmmmm so what next for Centum? Lamu coal, sidian, 2 rivers in trouble. Almasi sold d'oh!
VituVingiSana
#56 Posted : Thursday, June 27, 2019 10:35:29 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,033
Location: Nairobi
Horton wrote:
Angelica _ann wrote:
Ericsson wrote:
Environmental tribunal cancels Environmental Impact Assessment license for Lamu coal project over failure by NEMA to comply with the law


I knew this coal project was bound to bring controversy, that is Kenya for you. Whenever you have +3 & more regulator/regulatory bodies be very careful in your investment steps. Anyway let us see how it works out!!!


Hmmmm so what next for Centum? Lamu coal, sidian, 2 rivers in trouble. Almasi sold d'oh!
SELL! SELL! SELL!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#57 Posted : Friday, June 28, 2019 4:59:25 AM
Rank: Elder


Joined: 6/23/2009
Posts: 11,857
Location: nairobi
VituVingiSana wrote:
Horton wrote:
Angelica _ann wrote:
Ericsson wrote:
Environmental tribunal cancels Environmental Impact Assessment license for Lamu coal project over failure by NEMA to comply with the law


I knew this coal project was bound to bring controversy, that is Kenya for you. Whenever you have +3 & more regulator/regulatory bodies be very careful in your investment steps. Anyway let us see how it works out!!!


Hmmmm so what next for Centum? Lamu coal, sidian, 2 rivers in trouble. Almasi sold d'oh!
SELL! SELL! SELL!

I'm more worried about the founding father
COOP 5,500; KCB 3,700; KQ 221,100
tom_boy
#58 Posted : Friday, June 28, 2019 7:44:32 AM
Rank: Member


Joined: 2/20/2007
Posts: 681
I have never trusted the managements motives. They pay themselves fat cash bonuses based on non cash revaluation profits. Maybe the chickens are finally coming home to roost.

For me, its very clear that management motives and that of shareholders are not alligned. They give themselves current cash while promising shareholders future profits.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
sparkly
#59 Posted : Friday, June 28, 2019 9:19:02 AM
Rank: Elder


Joined: 9/23/2009
Posts: 7,045
Location: Enk are Nyirobi
obiero wrote:
VituVingiSana wrote:
Horton wrote:
Angelica _ann wrote:
Ericsson wrote:
Environmental tribunal cancels Environmental Impact Assessment license for Lamu coal project over failure by NEMA to comply with the law


I knew this coal project was bound to bring controversy, that is Kenya for you. Whenever you have +3 & more regulator/regulatory bodies be very careful in your investment steps. Anyway let us see how it works out!!!


Hmmmm so what next for Centum? Lamu coal, sidian, 2 rivers in trouble. Almasi sold d'oh!
SELL! SELL! SELL!

I'm more worried about the founding father


Centum was founded in 1967 as investment arm of ICDC whereby individuals were admitted to invest alongside GOK.
The "founding father" increased his stake by participating in cash calls and buying from open market.
Life is short. Live passionately.
VituVingiSana
#60 Posted : Friday, June 28, 2019 1:37:22 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,033
Location: Nairobi
tom_boy wrote:
I have never trusted the managements motives. They pay themselves fat cash bonuses based on non cash revaluation profits. Maybe the chickens are finally coming home to roost.

For me, its very clear that management motives and that of shareholders are not alligned. They give themselves current cash while promising shareholders future profits.
SELL! SELL! SELL!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Users browsing this topic
Guest
4 Pages<1234>
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 © 2019 Wazua.co.ke. All Rights Reserved.