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CENTUM FY MARCH 13 RESULTS
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mwekez@ji
#11 Posted : Wednesday, June 05, 2013 11:09:08 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Finance cost up 74% #Expected
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mwekez@ji
#12 Posted : Wednesday, June 05, 2013 11:12:34 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Total Equity of the Group is less than of the Company #Bizarre
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muganda
#13 Posted : Wednesday, June 05, 2013 11:13:04 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Hehehe mwekez@ji, so is this share a lady with virtue (investments, strategy, leadership) but no beauty (cash, dividends, bonus)?

So overtime virtue will win the day but it will be a long bland and ugly wait.

* Dividends received from associates of 217m
now not enough to cater for administrative expenses of (379m)
* Net Cash genterated from
investing activites now (1.5b) from 1.4b previous year
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  | | Edit by user: Wednesday, June 05, 2013 11:14 AM | Reason: Not specified
mwekez@ji
#14 Posted : Wednesday, June 05, 2013 11:21:48 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
muganda wrote:
Hehehe mwekez@ji, so is this share a lady with virtue (investments, strategy, leadership) but no beauty (cash, dividends, bonus)?

So overtime virtue will win the day but it will be a long bland and ugly wait.

* Dividends received from associates of 217m
now not enough to cater for administrative expenses of (379m)
* Net Cash genterated from
investing activites now (1.5b) from 1.4b previous year



LQTM muganda. you put it very well. this share is a lady with virtue (which is still very blur coz it aint coming out well and she’s known for tricksters) and with no beauty (cash, dividends, bonus)
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  | | Edit by user: Wednesday, June 05, 2013 11:33 AM | Reason: Not specified
mwekez@ji
#15 Posted : Wednesday, June 05, 2013 11:46:08 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
#Noted > The new subsidiary, Centum Asset Managers Limited (CAM,) will start off managing a portfolio the existing portfolio of KES 5.7bn (KES 3.7bn Centum assets and 2bn third party funds). >> This CAM is basically the existing asset management function of Centum
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mwekez@ji
#16 Posted : Wednesday, June 05, 2013 1:07:12 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
madebe wrote:
Anybody with the presentation that was being made at the SERENA ?


@Madebe,

The powerpoint presentation >>> http://centum.co.ke/component/d...year-ended-31-march-2013

The Published results >>> http://centum.co.ke/component/d...hed-results-fye-mar-2013
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mkonomtupu
#17 Posted : Wednesday, June 05, 2013 1:28:26 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
why is the management of centum so obsessed with the performance of the share price? Mr. Market has said 24/= so work hard through figures to show us the projects are viable and you can repay the loans and Mr. Market will respond
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dave.kim
#18 Posted : Wednesday, June 05, 2013 1:58:20 PM
Rank: Member

Joined: 6/25/2010
Posts: 176
mwekez@ji wrote:
Would want to see the breakdown of this income. It it courtesy of revaluations?

Obviously. Centum profits reflects market performance of the previous year. But they have reduced this exposure by decreasing quoted equity % in the portfolio. Not sure if it they reduced or percentage was reduced by virtue of Increased funds into the portfolio from the bonds
Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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mwanahisa
#19 Posted : Wednesday, June 05, 2013 2:18:45 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
I am pretty happy with James's concern regarding Centum's share price. At the end of the day, CEOs should demonstrate that they can increase shareholder wealth and the share price is one of the key measures for this. I wish more CEOs had the share price as one of the measures of their success!!!
mkonomtupu wrote:
why is the management of centum so obsessed with the performance of the share price? Mr. Market has said 24/= so work hard through figures to show us the projects are viable and you can repay the loans and Mr. Market will respond
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the deal
#20 Posted : Wednesday, June 05, 2013 2:50:21 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Not impressed. EPS already reflecting gains in Real Estate....as it stands there is little discount to NAV/share...as a rule...only buy an investment firm when its trading at a 20% discount to NAV...so Centum at Sh23.75 is overvalued in my books...NAV/Share growth of 18% means Centum underfomed the NSE20 in 2012 which expanded more than 20%...not good for an asset manager.
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  | | Edit by user: Wednesday, June 05, 2013 2:56 PM | Reason: Not specified
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