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Centum's 1H Profit dips.
Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi
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Centum said on wednesday its first half profit dipped from 836m to 828m due to poor nse performance...12bob am waiting after bonus hits the market. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Kenyan investment firm Centum's pretax profit inched down to 828 million shillings ($8.57 million) in its first half from 836 million shillings in the year-ago period, its chief executive said on Wednesday, attributing the performance to a weakening of stocks at the bourse this year. James Mworia said the company cut its exposure to the Kenyan stock market to 9 percent of its total portfolio from 26 percent during the period, adding that high yields in the fixed-income market had cushioned the earnings. Kenyan shares have suffered from a steep fall in the shilling currency this year as well as high inflation, weakening the bourse's performance by 16 percent during the period, Mworia told investors. Centum, formerly known as ICDC, plans to shift its portfolio through entry into the lucrative property sector in east Africa. ($1 = 96.650 Kenyan shillings) (Reporting by Beatrice Gachenge; Writing by Duncan Miriri) GOD BLESS YOUR LIFE
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Rank: Member Joined: 9/9/2010 Posts: 546 Location: Garissa
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Not bad. If you use your money goggles, you can see that Mworia represents the current generation of CEOs who make perfect choices at the right time. Assume it was some old tired CEO still steering Centum, the company would have been caught napping deep in the buourse with 26% of its portfolio in shares. Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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V decent performance in the current climate Sehemu ndio nyumba
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Too bad Centum Investment went missing on both Twitter and Wazua... GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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The news is factored into the price, don't expect much movement The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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I am waiting to see what @Centum's comment. Meanwhile, this is the first admission by an investment company of IS stress due to market down play. As we hope our darlings (Centum, tranny, insurances) were not caught napping, lets ask ourselves who they sold them to, because its not me. Also, if they sold, NO DIVIDENDS. A bad day fishing is better than a good day at work
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Rank: Elder Joined: 12/4/2009 Posts: 10,790 Location: NAIROBI
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Pathetic results.Centum over the past two years has been making profits by selling its quoted shares in the NSE.Now that they are nearly selling all of them going forward where will the profits come from Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,192 Location: nairobi
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We were told centum joined wazua!!where is that imposter to answer some of this Q'rys "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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mlennyma wrote:We were told centum joined wazua!!where is that imposter to answer some of this Q'rys where did the character disapear to. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Ericsson wrote:Pathetic results.Centum over the past two years has been making profits by selling its quoted shares in the NSE.Now that they are nearly selling all of them going forward where will the profits come from 
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Another company that relies on the NSE for investment income.. How sad!!  Thank God i'm in Jubilee where it is unheard of and unacceptable to announce a lower EPS to shareholders whether the NSE is up or down.. The power of massive diversification.. Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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Ericsson wrote:Pathetic results.Centum over the past two years has been making profits by selling its quoted shares in the NSE.Now that they are nearly selling all of them going forward where will the profits come from Actually I think they are splendid results, given how the market has been,its not easy to make money in a continuously bear market.Dont forget they are an investment company. The increase in interest rate has hit them bad in both finance costs and also if they are into bond trading they must be feeling the heat, the only way they could have made cash is through the subsidiaries and associate companies. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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By putting NAV @ 18.76 guys are scrambling for this stock at a bargain well played @centumInv '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Member Joined: 4/19/2007 Posts: 68
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Centum reading for war
Centums results clearly indicate that teh organisation os gearing up for a forthcoming war, this can be deduced from the large volumes of cash they seem to be holding.
There is a war brewing but where is it?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Elder Joined: 12/4/2009 Posts: 10,790 Location: NAIROBI
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Anybody with an idea in the counters in which Centum exited in their Quoted Portfolio Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 8/16/2011 Posts: 2,360
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Is it the reason the bonus has taken them time to post? Last year 2010, it was posted from 1/ 10/2010 but 2011 bonus is yet to come. Why  selah wrote:Ericsson wrote:Pathetic results.Centum over the past two years has been making profits by selling its quoted shares in the NSE.Now that they are nearly selling all of them going forward where will the profits come from Actually I think they are splendid results, given how the market has been,its not easy to make money in a continuously bear market.Dont forget they are an investment company. The increase in interest rate has hit them bad in both finance costs and also if they are into bond trading they must be feeling the heat, the only way they could have made cash is through the subsidiaries and associate companies.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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On first sight decent results. On a second look crap results. They retained over 2B in profits from the year to 31 Mar 2011. An additional 2B in equity/ assets and they report lower profits? They should have paid a cash dividend to shareholders. My 2 cents Life is short. Live passionately.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Centum seeks Sh6bn-dollar loan for real estateThe firm is seeking a dollar-dominated loan to develop the first phase of a real-estate project comprising offices, residential apartments, hotels, shopping malls and recreational facilities on a 100-acre piece of land in Runda. The developments will include a 255-bed hotel and 544 homes. It will price it rents in dollars. The total cost of the first phase, which will begin next year and take two years is Sh10.8 billion, with the balance being plugged by Sh4.8 billion from equity financing and Sh2 billion from its coffers. http://www.businessdaily.../-/4oora0z/-/index.html
GOD BLESS YOUR LIFE
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