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Christopher Kirubi buying additional Centum shares
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maka
#41 Posted : Thursday, September 26, 2013 12:53:50 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
the deal wrote:
This thing is gone...I still dont understand why he had to announce before buying...if anything getting the shares now will be hard since everyone would want to sell at a premium...anyways he already has a substantial stake...he could be propping up his stake in the process...the only losers here are those who will buy at the top.

Procedural:The regulator requires investors who own more than a quarter of a Nairobi bourse-listed firm to state whether they intend to take full control of a company when buying stocks equivalent to at least five per cent in it. The shares Mr Kirubi is targeting in Centum are equivalent of five per cent stake.
possunt quia posse videntur
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Kausha
#42 Posted : Friday, September 27, 2013 2:57:55 PM
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Joined: 2/8/2007
Posts: 808
Only ICDC, Kiribu and UAP have 5% or more shareholding in Centum. It can only be one of the two selling. I think it's not rocket science to pick out which.
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mwekez@ji
#43 Posted : Saturday, September 28, 2013 12:32:39 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
CK buying the available shares from whoever stamps alot of confidence in the counter. It is also very notable that the amount CK has set aside for this additional investment is substantial (a whopping KES 1B!!!). Brokers have begun restating their BUY recommendation on this counter #Following
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Pesa Nane
#44 Posted : Saturday, September 28, 2013 12:48:49 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
maka wrote:
the deal wrote:
This thing is gone...I still dont understand why he had to announce before buying...if anything getting the shares now will be hard since everyone would want to sell at a premium...anyways he already has a substantial stake...he could be propping up his stake in the process...the only losers here are those who will buy at the top.

Procedural:The regulator requires investors who own more than a quarter of a Nairobi bourse-listed firm to state whether they intend to take full control of a company when buying stocks equivalent to at least five per cent in it. The shares Mr Kirubi is targeting in Centum are equivalent of five per cent stake.

True that but nowhere does it state that it has to be preached atop the hill... "There is a lot of value in Centum. If you offered me a price of Sh100 for each of Centum’s shares, I would not sell to you -DJ CK”
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#45 Posted : Saturday, September 28, 2013 12:51:48 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
mwekez@ji wrote:
CK buying the available shares from whoever stamps alot of confidence in the counter. It is also very notable that the amount CK has set aside for this additional investment is substantial (a whopping KES 1B!!!). Brokers have begun restating their BUY recommendation on this counter #Following

Suntra Research Buy List wrote:
Within the year the company has undertaken major diversification and expansion strides. The company acquired 45% of Platcorp holdings a micro lender with presence in Kenya Uganda and Tanzania.
Mid this year the company got a CMA fund management license for Centum Asset Managers
Limited and intends to boost its fund management capacity by acquiring a controlling stake in
Genesis Kenya Investment Management Ltd of up to 73.35%. Genesis is a licensed fund management and investment advisory company for institutional, local and foreign investors.
Through Mvuke Power Ltd, a wholly owned subsidiary, Centum is looking to venture into power
distribution which is one on the underutilized and profitable sectors in the country.
The company also witnessed the ground breaking of the commercial development Two Rivers
project in Runda.
The success of these strategic projects is expected to grow the company’s revenue and hence
valuation in the medium to long term. In the last financial year, centum grew their revenues by
2.5X to Kes 1.9mn and a PAT of Kes 2.4mn up 2.2X. The share is currently trading at 1.1X its
book value suggesting some room for growth. The company is expected to release its half year
results in the next two months or so.
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#46 Posted : Wednesday, October 02, 2013 10:39:11 AM
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Where are those volumes mr. DJ?
Pesa Nane plans to be shilingi when he grows up.
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muganda
#47 Posted : Wednesday, October 02, 2013 11:30:57 AM
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Joined: 9/15/2006
Posts: 3,905
Pesa Nane wrote:
Where are those volumes mr. DJ?


Don't ask what Mr.DJ will do for you, ask instead what You can do for the share price of ICDC smile
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maka
#48 Posted : Thursday, October 03, 2013 1:21:43 AM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Pesa Nane wrote:
maka wrote:
the deal wrote:
This thing is gone...I still dont understand why he had to announce before buying...if anything getting the shares now will be hard since everyone would want to sell at a premium...anyways he already has a substantial stake...he could be propping up his stake in the process...the only losers here are those who will buy at the top.

Procedural:The regulator requires investors who own more than a quarter of a Nairobi bourse-listed firm to state whether they intend to take full control of a company when buying stocks equivalent to at least five per cent in it. The shares Mr Kirubi is targeting in Centum are equivalent of five per cent stake.

True that but nowhere does it state that it has to be preached atop the hill... "There is a lot of value in Centum. If you offered me a price of Sh100 for each of Centum’s shares, I would not sell to you -DJ CK”


He is lucky we arent under MAD...
possunt quia posse videntur
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VituVingiSana
#49 Posted : Thursday, October 17, 2013 11:22:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Is DJ CK the buyer behind the large blocks? And the price seems to be headed towards 30.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Mainat
#50 Posted : Thursday, October 17, 2013 12:09:37 PM
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Joined: 11/21/2006
Posts: 1,590
Repricing due to dividend resumption and aggressive re-orientation into real estate
Sehemu ndio nyumba
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Pesa Nane
#51 Posted : Friday, October 18, 2013 1:06:35 PM
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Joined: 5/25/2012
Posts: 4,105
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Mainat wrote:
Repricing due to dividend resumption and aggressive re-orientation into real estate

Since when??
How much??
Dates??
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#52 Posted : Friday, October 18, 2013 1:09:54 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
David Owino, the Director- Private Equity at Centum Investment Company Limited has voluntarily resigned from his position to pursue other opportunities. David has been with the company for a period of 13 consecutive years and has risen through the ranks to his current position where he has been instrumental in the growth of Centum's private equity business and in the execution of Centum's business strategy.

https://www.nse.co.ke/listed-com...change-in-key-management
Pesa Nane plans to be shilingi when he grows up.
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georgegop
#53 Posted : Friday, October 18, 2013 6:55:05 PM
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Joined: 8/30/2010
Posts: 183
Location: Migingo
Centum pre-tax profit soars 138pc to Sh3.248bn
Don't Work for Money, Let Money Work for You..
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VituVingiSana
#54 Posted : Wednesday, October 23, 2013 7:27:20 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Will this give the market (Centum shares) a bump/boost?

http://www.businessdaily.../-/og81gxz/-/index.html

Those are a lot of shares CK is buying.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#55 Posted : Friday, October 25, 2013 1:59:14 PM
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Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
VituVingiSana wrote:
Will this give the market (Centum shares) a bump/boost?

http://www.businessdaily.../-/og81gxz/-/index.html

Those are a lot of shares CK is buying.
It has started. Over 1.2mn shares traded
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#56 Posted : Monday, October 28, 2013 1:16:51 PM
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Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
And another 1.2mn shares traded today [This follows the 1.2mn traded on Friday]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#57 Posted : Monday, October 28, 2013 3:07:41 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Glad that I exited the counter and was able to sell the odd lots that I used to have.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mwekez@ji
#58 Posted : Monday, October 28, 2013 4:02:45 PM
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Joined: 5/31/2011
Posts: 5,121
Ericsson wrote:
Glad that I exited the counter and was able to sell the odd lots that I used to have.


He he. Glad??? Really??? When/what-price was your exit???
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muganda
#59 Posted : Monday, October 28, 2013 4:12:02 PM
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Joined: 9/15/2006
Posts: 3,905
Speaking of Centum, just came across their golden rules which I thought I'd just put out there smile
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mwekez@ji
#60 Posted : Monday, October 28, 2013 4:20:08 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Centum Investment Company Wins The 2013 Overall Fire Reporting Excellence (FIRE) Award

Centum Investment Company Limited won the overall Financial Reporting Excellence (FIRE) Awards together with several other awards at an event held at the Safari Park Hotel on the night of Friday 25th November 2013.

The awards won were in recognition of Centum’s excellence in the reporting of its financial performance. The FIRE Awards, which are held annually, celebrate the organizations that achieve the highest standards of financial reporting across various sectors and in the various countries of Kenya, Uganda, Tanzania and Rwanda. The Awards this year received over 100 participants.

Centum was feted with awards in the following respective categories:

1.Winner - Industrial, Commercial and Services Category
2.Winner - Listed Companies Category
3.1st Runners Up - International Financial Reporting Standards (IFRSs)
4.Winner - Kenya
And, finally, to cap an excellent night, Centum bagged the Overall Winner 2013 Award.

Speaking when receiving the Overall Winner award, Risper Mukoto, the Company’s Finance & Operations Director, attributed the wins to a culture of excellence within the Centum team. She thanked the Company’s directors for their support and guidance and also thanked the participants and judges for continually raising the bar in financial reporting excellence.
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