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Centum Investment HY 2013 results
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Siringi
#1 Posted : Wednesday, November 13, 2013 8:03:32 AM
Rank: Elder


Joined: 6/8/2013
Posts: 2,517


capito reportingsmile

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"😖😡KQ makes money for everyone except the shareholder 😏😏 " overheard in Wazua
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muganda
#2 Posted : Wednesday, November 13, 2013 8:14:35 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
The investor briefing is on at Serena... hype to follow http://www.capitalfm.co.ke/tv/stream/centum2013


Real estate now 30% of total assets, COOP bank being recognized for their contribution, assets under management outside Kenya now 22%

Centum Group says Pre Tax Profit for the half-year to Sept climbs to 1.03bn from 836m the previous period. Is that like 23%?
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muganda
#3 Posted : Wednesday, November 13, 2013 8:45:08 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,905
Sunil Sanger asks a change in dividend policy in the works?

Chris Kirubi takes the microphone and says he's followed price from 3/= and young management has taken Centum to new frontiers. He says Centum needs a long term view.

CEO says contention will remain whether they have an agenda that can drive NAV and board will meet in Dec/Jan to determine dividend policy for next 5 years.

In short, I infer no change in zero dividend policy in the near future
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ngapat
#4 Posted : Wednesday, November 13, 2013 9:14:21 AM
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Joined: 12/11/2006
Posts: 884
Centum Group pretax profit for half year ending Sept 30 up 23% to Sh1bn from Sh837mn same period last year
“Invest in yourself. Your career is the engine of your wealth.”
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mwekez@ji
#5 Posted : Wednesday, November 13, 2013 10:25:49 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Good performance. Company going big in real estate which is in bullish state making one hesitate to call the share price overvalued.
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mwekez@ji
#6 Posted : Friday, November 15, 2013 8:57:47 AM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
Centum secures Sh14bn real estate pledges

•Centum is planning to convert the project into an investment vehicle that will allow the company to pool investor funds, develop the Runda property and eventually sell it on completion.

•Centum says it is in the process of converting Two Rivers into a Development Real Estate Investment Trust (D-REIT).

•Analysts said that the company’s share, currently trading at Sh30 each, an annual high, is supported by investors who expect that the project will pay off in future.
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