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James Mworia - HOW DOES THIS MAN DO IT!?
Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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VituVingiSana wrote:
It is a lie to say (many) folks do not borrow to buy land/properties in Kenya. If not from banks, then family, then friends, then SACCOs, then informal sources...
@VVS you honestly know people who have lent their families and friends money to buy property?? These people must have really deep pockets Even if this were the case, the number of people taking out mortgages in EA is negligble.. Infact now that I think about it, Property prices are set to skyrocket after Ndungu's move on interest rates.. If anyone borrows money in the property market its the developers.. The hike in intetest rates will lead to the stoppage of many housing projects and thus reducing supply in the market.. Reducing supply in the midst of stable and growing demand will send prices through the roof!! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Realtreaty wrote: What game is he playing then by not posting the bonus shares and letting them trade? Last year bonus started trading by October 2010. What about This 2011 bonus share posting? I faced the same problem with jubilee earlier this year with the 1:10 bonus.. Check the half year results and check if the shares were issued (share capital section of balance sheet).. If they were issued check if you bought the shares cum bonus or ex bonus.. If you did buy cum bonus the bonus shares are on your CDSC account but may not be on your brokerage account.. you should then call your broker because its probable that they simply forgot to post the shares as was the case with me... Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 10/14/2011 Posts: 661
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miser wrote:mpanzi wrote:Whatever the economic environment, this man is ever doing the right thing. I mean divesting in bad times & re-investing in good times.
Does he stay awake while am asleep?
Did he hear something the teacher said that I missed?
Is he more blessed?
WHATEVER IT IS, he's worth learning from! Boss,he does nothing special!!!Ask Henry Ford....hire those who know-researchers included and pay them well!!! There are lessons to learn from football managers as well. http://www.businessdaily...0/-/ppbnxe/-/index.html
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Rank: User Joined: 5/3/2011 Posts: 559
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Give this dude every credit that is out there, he is great and thats just what it is!
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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mpanzi wrote:Whatever the economic environment, this man is ever doing the right thing. I mean divesting in bad times & re-investing in good times.
Does he stay awake while am asleep?
Did he hear something the teacher said that I missed?
Is he more blessed?
WHATEVER IT IS, he's worth learning from! if he doesnot use technical analysis in investing especially stocks them i would also, like to hear what he has to say !
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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guru267 wrote:VituVingiSana wrote:
It is a lie to say (many) folks do not borrow to buy land/properties in Kenya. If not from banks, then family, then friends, then SACCOs, then informal sources...
@VVS you honestly know people who have lent their families and friends money to buy property?? These people must have really deep pockets Even if this were the case, the number of people taking out mortgages in EA is negligble.. Infact now that I think about it, Property prices are set to skyrocket after Ndungu's move on interest rates.. If anyone borrows money in the property market its the developers.. The hike in intetest rates will lead to the stoppage of many housing projects and thus reducing supply in the market.. Reducing supply in the midst of stable and growing demand will send prices through the roof!! If prices rise, then the developers will re-start the stalled/shelved projects which will add housing stock within 12-18 months. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya
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48% dip in PAT. Genius?  I may be wrong..but then I could be right
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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No profit warning but excuses galore! Ati, the Two Rivers project was valued at less than their estimates! Haiya...! Look what happened in the USA... up, up & up then CRASH. Unless Centum sells this land [they estimate it at 50mn/acre vs valuation on the books at 20mn/acre] immediately, they could be stuck holding it if the market crashes. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 6/17/2011 Posts: 129 Location: Nairobi
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tonicasert wrote:I remember in the late 90's, Strathmore's McFie telling us that Mworia is one man to watch. Very sharp guy, used to get awards CPA, CIMA, etc. Even as you give credit to his team, I beleive he also deserves some. I remember those days when Mworia was my classmate. He is a smart guy for sure, street smart when it comes to business. I think he should be a CEO of his own firm - like me  As long as you're going to be thinking anyway, think big
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:No profit warning but excuses galore!
Ati, the Two Rivers project was valued at less than their estimates! Haiya...! Look what happened in the USA... up, up & up then CRASH.
Unless Centum sells this land [they estimate it at 50mn/acre vs valuation on the books at 20mn/acre] immediately, they could be stuck holding it if the market crashes. That's a whole 30m difference! Gosh! Haven't they thought that it could be their estimates which are too high?  GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya
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VituVingiSana wrote:No profit warning but excuses galore!
Ati, the Two Rivers project was valued at less than their estimates! Haiya...! Look what happened in the USA... up, up & up then CRASH.
Two rivers = the new RVR “Also, our performance is also pegged to the returns of other companies, whose operations we cannot project.” Seriously?  Then why employ all those CFAs.. I may be wrong..but then I could be right
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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If Mworia is a stundent og Mc Fie, then he dint listen well. i have watched the annual accounts report of centum deterirate in standards so much under mworia that i think they total fail on disclosures.
u cant know what they have invested in.
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Rank: User Joined: 1/24/2012 Posts: 1,675 Location: In Da Hood
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madebe wrote:If Mworia is a stundent og Mc Fie, then he dint listen well. i have watched the annual accounts report of centum deterirate in standards so much under mworia that i think they total fail on disclosures.
u cant know what they have invested in. you areNOT supposed to know what they have invested in . its an investment company .and they have to keep it top secret what they have researched ( hopefully) and invested in ..
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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For a man who holds an LLB, CPA & a CFA it is unbelievable and unacceptable that he made this error!!! www.businessdailyafrica....8/-/1wc3g3z/-/index.htmlHe should receive jail time. Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Haha! Ati they didn't know while the results are audited! Seriously? GOD BLESS YOUR LIFE
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Rank: Elder Joined: 10/23/2009 Posts: 2,375
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guru267 wrote:digitek1 wrote:@guru
@ vvs is on the money Sawa lets revisit property a year from now... They will be higher despite high interest rates.. It is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt...
-Mark Twain
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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5 yrs ago befor mworia, we knew evrything that centum was invested in. their strategies were clear. we knew even if they had 500 shares of crown berger. now they only show us figures. eg look in their page 30 of accounts. disposal of unguoted shares of kshs 111 million. what is it they sold?
disposal of quoted equity 1.6 billion, nini hio waliuza if their quoted nse shares walimaliza?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Centum, Centum, Centum ... do i smell another Uchumi in the making? The Directors could be doing something behind all these cloaks of secrecy. Just a hunch! Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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How does a Company report a 48% decline in profit;u promise shareholders that assets under management will double in 2014 which is in two years time. James Mworia-How does this man do it Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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sparkly wrote:Centum, Centum, Centum ... do i smell another Uchumi in the making? The Directors could be doing something behind all these cloaks of secrecy. Just a hunch! Who was in the guy involved in Uchumi when it went down? Who is the guy involved in Centum? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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James Mworia - HOW DOES THIS MAN DO IT!?
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