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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
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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
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Joined: 10/7/2010
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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
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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
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Joined: 7/11/2010
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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
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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
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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
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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
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Joined: 3/24/2010
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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
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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
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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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Aguytrying
#51 Posted : Wednesday, June 20, 2012 9:50:58 AM
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@hisah. nice one. food for thought for centum
The investor's chief problem - and even his worst enemy - is likely to be himself
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guru267
#52 Posted : Wednesday, June 20, 2012 9:20:46 PM
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guru267 wrote:
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.html

He should receive jail time. Shame on you

Mark 12:29
Deuteronomy 4:16
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madebe
#53 Posted : Wednesday, June 20, 2012 10:33:40 PM
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Unfortunately the fines will come from the shareholders and not the executives and board members
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Rollout
#54 Posted : Wednesday, June 20, 2012 11:40:47 PM
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.... If you see a hedged fund or investment management firm reporting a 40% drop believe me it is bigger than that! No manager want to report 15% drop leave alone 40%, most companies keep reserves for the bad times and would have cover the drop by releasing some of its reserves. For a company to drop 40% they have to have a major loss somewhere( trading or legal) or the strategy is not working( selling type writers in computer era). I am not a Centun investor so I have not right to ask questions.
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VituVingiSana
#55 Posted : Thursday, June 21, 2012 1:27:50 AM
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Rollout wrote:
.... If you see a hedged fund or investment management firm reporting a 40% drop believe me it is bigger than that! No manager want to report 15% drop leave alone 40%, most companies keep reserves for the bad times and would have cover the drop by releasing some of its reserves. For a company to drop 40% they have to have a major loss somewhere( trading or legal) or the strategy is not working( selling type writers in computer era). I am not a Centun investor so I have not right to ask questions.
Ask the hard questions!!! PLEASE... Coz if you do not, who will?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hisah
#56 Posted : Thursday, June 21, 2012 6:34:50 AM
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Rollout wrote:
.... If you see a hedged fund or investment management firm reporting a 40% drop believe me it is bigger than that! No manager want to report 15% drop leave alone 40%, most companies keep reserves for the bad times and would have cover the drop by releasing some of its reserves. For a company to drop 40% they have to have a major loss somewhere( trading or legal) or the strategy is not working( selling type writers in computer era). I am not a Centun investor so I have not right to ask questions.

What if the reserves couldn't cover for the losses?
The lame excuse about not flagging a profit warning is unacceptable.
And I hope they didn't hedge USDKES @107...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#57 Posted : Thursday, June 21, 2012 9:07:08 AM
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Apparently... the CMA is going to fine Centum (so is it the shareholders who pay or the directors?)

http://www.businessdaily...8/-/1wc3g3z/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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QW25091985
#58 Posted : Thursday, June 21, 2012 9:22:17 AM
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Location: In Da Hood
[quote=VituVingiSana]Apparently... the CMA is going to fine Centum (so is it the shareholders who pay or the directors?)

http://www.businessdaily.../-/1wc3g3z/-/index.html[/quote]


Now what kind of a question is this ? LOL. ofcourse the money is coming from their accounts !just like any other expense
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My 2 cents
#59 Posted : Thursday, June 21, 2012 6:46:42 PM
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Joined: 6/2/2010
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[quote=VituVingiSana]Apparently... the CMA is going to fine Centum (so is it the shareholders who pay or the directors?)

http://www.businessdaily.../-/1wc3g3z/-/index.html[/quote]

The shareholders pay for electing crappy directors..........
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Rollout
#60 Posted : Thursday, June 21, 2012 8:28:15 PM
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hisah wrote:
Rollout wrote:
.... If you see a hedged fund or investment management firm reporting a 40% drop believe me it is bigger than that! No manager want to report 15% drop leave alone 40%, most companies keep reserves for the bad times and would have cover the drop by releasing some of its reserves. For a company to drop 40% they have to have a major loss somewhere( trading or legal) or the strategy is not working( selling type writers in computer era). I am not a Centun investor so I have not right to ask questions.

What if the reserves couldn't cover for the losses?
The lame excuse about not flagging a profit warning is unacceptable.
And I hope they didn't hedge USDKES @107...


So thats is the big question and even the bigger question is do they know where it is bleeding? Usually when you have faith that you will have great quarters in the near future you book a topside and offset it later instead of taking a hit that you cannot explain!

The second part of this is that the last time I visited Centum website and went through their portfolios I couldn't help but notice that most of their reported value and gains come from close companies, I mean companies that you might never ever see their performance and from real estate valued by CENTUM or companies paid by centum!
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