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STOCK ALERT. Centum
madebe
#111 Posted : Tuesday, February 26, 2013 9:46:18 AM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
sparkly
#112 Posted : Tuesday, February 26, 2013 1:14:08 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
guru267 wrote:


Are these guys kidding me.. They are starting the project this late? Is Mworia deliberately trying to bankrupt centum?


Jesus Christ i have now moved this share to my speculative portfolio.

Money is being thrown left right and centre with no indication of where it will be coming from!

I smell an Uchumi.
Life is short. Live passionately.
kryptonite
#113 Posted : Tuesday, February 26, 2013 2:33:22 PM
Rank: Member

Joined: 2/1/2010
Posts: 272
Location: Nairobi
sparkly wrote:
guru267 wrote:


Are these guys kidding me.. They are starting the project this late? Is Mworia deliberately trying to bankrupt centum?


Jesus Christ i have now moved this share to my speculative portfolio.

Money is being thrown left right and centre with no indication of where it will be coming from!

I smell an Uchumi.


Sold all my holdings as soon as it hit 15 bob
Bure counter!
The harder you work, the luckier you get
sparkly
#114 Posted : Tuesday, February 26, 2013 4:20:15 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
kryptonite wrote:
sparkly wrote:
guru267 wrote:


Are these guys kidding me.. They are starting the project this late? Is Mworia deliberately trying to bankrupt centum?


Jesus Christ i have now moved this share to my speculative portfolio.

Money is being thrown left right and centre with no indication of where it will be coming from!

I smell an Uchumi.


Sold all my holdings as soon as it hit 15 bob
Bure counter!


The only reason i retain this counter is because they are exempt from Income Tax on income from investments.

They can thus grow their Balance Sheet faster than any other company, with funds that would otherwise have gone to pay tax.
Life is short. Live passionately.
guru267
#115 Posted : Wednesday, February 27, 2013 7:42:08 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
sparkly wrote:
The only reason i retain this counter is because they are exempt from Income Tax on income from investments.

They can thus grow their Balance Sheet faster than any other company, with funds that would otherwise have gone to pay tax.


@sparkly insurance firms pay total tax of 10-12% so you might consider moving there.. Another perk is that they operate under similar business models so you also have rapid balance sheet growth!

#JustAnIdea
Mark 12:29
Deuteronomy 4:16
Aguytrying
#116 Posted : Wednesday, February 27, 2013 7:58:59 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I have decided to only in dividend counters. Its the best measure of seriousNess and health of a company- unless they are absolute comment. Intelligent investor noted there was no significant benefit to shareholders seen in share price growth when firms puport to re-invest dividends
The investor's chief problem - and even his worst enemy - is likely to be himself
mwekez@ji
#117 Posted : Wednesday, February 27, 2013 9:59:44 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Reading an undesirable message from this counter. The bond that was intended to raise KES 5B (including greenshoe option). Initially they issued it via private placement but only achieved to raise KES 3,167,900,000. They run to Wanjiku but only managed to get an additional KES 1B meaning the bond was still undersubscribed at the end of day. Now they are talking of going big in REITS, sale of development rights and whatnots. Worse, this money is being invested left right, ce… aiiii!!!

Rink
murchr
#118 Posted : Friday, May 31, 2013 5:03:30 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
mibbz wrote:
ChessMaster wrote:
mibbz wrote:
With all due respect management of Centum is proving to have a lot of short comings especially concerning reporting and alerting of shareholders...I believe they have the backing of the board as they keep on pulling this stunts....isn't there a unit on communication in business?


Silence is a form of communication especially to shareholders.


well hope they also get the communication when they 'forget' to announce the next profit warning...


He he Laughing out loudly
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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