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CENTUM FY 2012 40% down and no profit warning!
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QW25091985
#41 Posted : Tuesday, June 19, 2012 3:46:36 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
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.



what ? could you explain please !
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madebe
#42 Posted : Tuesday, June 19, 2012 4:29:13 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
I have always looked at centum as a way to diversify my holdings into areas that i cannot access. but they have continually keep on posting erratic results. that coupled with no dividends, paltry bonus when they are announced, lack of capital appreciation etc i am seriously thinking about moving to the insurance industries.... AKA JUBILEE or BTAK. If we are all waiting for land to reach the optimum values , then lets go for other people who have land in their portfolios
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Ericsson
#43 Posted : Tuesday, June 19, 2012 4:32:46 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
Go to Kenya Re or wait for CIC listing
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Aguytrying
#44 Posted : Tuesday, June 19, 2012 4:37:26 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
QW25091985 wrote:
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.



what ? could you explain please !


Its common knowledge my friend. They hold real estate investments, and equity(shares) in several companies.
The investor's chief problem - and even his worst enemy - is likely to be himself
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madebe
#45 Posted : Tuesday, June 19, 2012 4:38:36 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
http://www.centum.co.ke/...f-her-business-strategy

nowher in this article do they mention that they had a 48% drop inprofitability. creative PR spin
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Ericsson
#46 Posted : Tuesday, June 19, 2012 4:57:03 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
After disposing most of the shares they used to hold in the NSE to venture in real estate this are the results.now there are no more shares to dispose.
Expect first half performance for 2012/2013 to be much lower than last year.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#47 Posted : Tuesday, June 19, 2012 4:59:05 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
More than 50% drop.They shouldn't have disposed the quoted shares they have.The company is nearly going burst.Real estate is a slow project that takes time.They should do the projects in bits/small phases Pan African Insurance style.
There is no hurry in real estate so long as u have the land and plan.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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youcan'tstopusnow
#48 Posted : Wednesday, June 20, 2012 1:39:18 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Mworia defends the company for not issuing a profit warning
http://www.businessdaily.../-/4mc5juz/-/index.html
GOD BLESS YOUR LIFE
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Aguytrying
#49 Posted : Wednesday, June 20, 2012 8:43:42 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
maybe its easier to take in coz im not a shareholder. however take a look at how your porfolios performed last year. it was a tough year. i like the 24% offshore investment plan. a portfolio shrinks once in a while even on paper.the believers will be rewarded in future. but i wouldn't expect this to be a dividend stock even after the 4 yr plan elapses, it's money working for money.
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#50 Posted : Wednesday, June 20, 2012 8:59:36 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Aguytrying wrote:
maybe its easier to take in coz im not a shareholder. however take a look at how your porfolios performed last year. it was a tough year. i like the 24% offshore investment plan. a portfolio shrinks once in a while even on paper.the believers will be rewarded in future. but i wouldn't expect this to be a dividend stock even after the 4 yr plan elapses, it's money working for money.


www.forbes.com/sites/sch...y-not-paying-a-dividend/

www.youtube.com/watch?v=aL766NK2ynw
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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