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CENTUM FY 2012 40% down and no profit warning!
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:madebe wrote:40% down and they cant give us a profit warning. regulations have to come into play. somebody is sleeping in cma and nse. ama ni ju nse is headed by a former centum guy
This is far more than 25% decline in profit. What actions can cma/nse take when such rules are blatantly violated? Is this the only way to contact CMA? No twitter or any other means? Such a shame CMA. Then the option is to flood the queries towards NSE. Their twitter handle is the best @NSEKenya
- http://twitter.com/NSEKenya
www.cma.or.ke/index.php?...mp;catid=4&Itemid=27
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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FOURTY PERCENT?! 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: Elder Joined: 11/27/2007 Posts: 3,604
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mwekez@ji wrote:FUNKY wrote:Any bonus issue announced? I heard no bonus or dividend announcement. Let the avalanche begin. Low: 14.00 High: 14.80 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: 5/31/2011 Posts: 5,121
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Sober wrote:FOURTY PERCENT?! ... and EPS down FORTY EIGHT PERCENT ... 48.1%
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:mwekez@ji wrote:madebe wrote:40% down and they cant give us a profit warning. regulations have to come into play. somebody is sleeping in cma and nse. ama ni ju nse is headed by a former centum guy
This is far more than 25% decline in profit. What actions can cma/nse take when such rules are blatantly violated? Is this the only way to contact CMA? No twitter or any other means? Such a shame CMA. Then the option is to flood the queries towards NSE. Their twitter handle is the best @NSEKenya
- http://twitter.com/NSEKenya
www.cma.or.ke/index.php?...mp;catid=4&Itemid=27
I wonder why CMA is not on twitter. @the deal has raised the matter with NSE via their twitter handle. .... Am sure CMA & NSE are in great shock at such blatant abuse of the rule book
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Iam not scared for i have only 1k centum shares but can add at sub 10 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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48,300 traded at 12.25 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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That 12.25 guy has led the trend. i am now seeing a 12.70. a 10.00 is realistic by weekend. 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: Elder Joined: 7/11/2010 Posts: 5,040
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I couldn't help noticing the NAV is 20.57. Several undervalued real estate projects. Very promising prospects in the years to come. I like this company. The EPS dip is temporary(even if it will take two years to get back to fy 2011 EPS). For those serious, an opportunity to buy it on the cheap may be upon you. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Aguytrying wrote:I couldn't help noticing the NAV is 20.57. Several undervalued real estate projects. Very promising prospects in the years to come. I like this company. The EPS dip is temporary(even if it will take two years to get back to fy 2011 EPS). For those serious, an opportunity to buy it on the cheap may be upon you. I am leery of valuing Real Estate at times. 1) What criteria used? 2) Is there a market for the land or is it a bubble? 3) See USA where it was all up, up & up then CRASH... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:I couldn't help noticing the NAV is 20.57. Several undervalued real estate projects. Very promising prospects in the years to come. I like this company. The EPS dip is temporary(even if it will take two years to get back to fy 2011 EPS). For those serious, an opportunity to buy it on the cheap may be upon you. Someone else also mentions the NAV and the market discounting it. The analysis covers centum, kapchorua teas, CIC and the KES esp USDKES expectations by Q4 2012.
www.youtube.com/watch?v=ao7dWGsz6Lk
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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hisah wrote:Aguytrying wrote:I couldn't help noticing the NAV is 20.57. Several undervalued real estate projects. Very promising prospects in the years to come. I like this company. The EPS dip is temporary(even if it will take two years to get back to fy 2011 EPS). For those serious, an opportunity to buy it on the cheap may be upon you. Someone else also mentions the NAV and the market discounting it. The analysis covers centum, kapchorua teas, CIC and the KES esp USDKES expectations by Q4 2012. I like Williamson & Kapchorua for the earning power. There is the 'land' as well but unless there are real buyers for all the land... it is not as valuable. With the PEV 2008, will farmers who are not Kalenjin (let's call a spade a spade) buy farms in RV? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Wow! 40%! No wonder @CentumInv dissapeared from Wazua! Of course Kirubi (and other top shareholders) knew about it. Similar to Uchumi where info is withheld from minority shareholders Anyway, these guys may be planning a rights issue labda waliogopa the price would have seen a significant drop! And a further announcement of a nearly halving of EPS would surely see a further slide in the price. So they just figured they'll just do one announcement. The fine (if any) is not something that they wouldn't be able to deal with GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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They say that they have reduced exposure to the stock market but kumbuka: -UAP is to list -Longhorn has now listed (their stake now valued at around 400 million at 19.50) You can't run away from the stock market as it provides a good arena for disposal and 'realisation of value. They bought Longhorn for 241 million in 2008 In fact, they do have stakes in a wide array of Private Equities which could list in future... GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Aguytrying wrote:I couldn't help noticing the NAV is 20.57. Several undervalued real estate projects. Very promising prospects in the years to come. I like this company. The EPS dip is temporary(even if it will take two years to get back to fy 2011 EPS). For those serious, an opportunity to buy it on the cheap may be upon you. I am leery of valuing Real Estate at times. 1) What criteria used? 2) Is there a market for the land or is it a bubble? 3) See USA where it was all up, up & up then CRASH... On the long term im also not so hot for real estate, its like a craze in this country. like prices will never come down, i dont believe that. Investors forget very fast, in a proper bull people believe stocks will never come down also. in short, you make a good point The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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And this year Centum is not issuing a bonus issue. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Ericsson wrote:And this year Centum is not issuing a bonus issue. No bonus. No dividend. RI soon? GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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youcan'tstopusnow wrote:Ericsson wrote:And this year Centum is not issuing a bonus issue. No bonus. No dividend. RI soon? It harsh on the investors. But i understand the no dividend part, most of their profits are from valuations. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Aguytrying wrote:youcan'tstopusnow wrote:Ericsson wrote:And this year Centum is not issuing a bonus issue. No bonus. No dividend. RI soon? It harsh on the investors. But i understand the no dividend part, most of their profits are from valuations. I think they had a 5 year policy of no dividend beginning 2009. But investors had held the 1 share for every 10 held bonus as almost customary... GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Quite disappointed that on speaking to an official of Centum Investments, they see nothing wrong in violating Capital Markets Act 2002 which in its Miscellaneous Obligations clearly requires Audit Committee to report:
CAP486 G05 (f) "material discrepancy" when earnings are at least 25% lower than the level of earnings in the previous financial year.
This occurred despite half-year 2011 results showing a decline of only 6%. So at this rate, one must wonder whether directors abide by other rules governing insider trading.
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CENTUM FY 2012 40% down and no profit warning!
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