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Centum impressive FY 2015 profit before tax up 120%
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uchumi
#1 Posted : Wednesday, June 17, 2015 8:55:24 AM
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Joined: 9/16/2006
Posts: 229
centum posts impressive results

Assets 41.2b

Profit rise 160%

“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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mv_ufanisi
#2 Posted : Wednesday, June 17, 2015 10:00:18 AM
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Joined: 1/15/2010
Posts: 625
Here's a snippet from NIC

Centum Full year Results- Centum’s portfolio diversified to an additional 5 sectors in 2015. Under the energy sector the company has invested in Amu and Akiira power plants. In financial services, Centum acquired 65% controlling stake in K-Rep bank.. In FMCG Centum acquired controlling stake in Almasi beverages and formed King Beverage, a company that distributes Carlsberg in Kenya. The company’s credit rating improved from A- to A in this financial period Centum exited UAP at KES 180 per share realizing over KES 5bn. It also exited investments in 2 PE funds realizing about KES 500mn. PAT went up by 160% from KES 3bn to 7.9bn. Total assets went up by 43% from KES 28.8bn to KES 41.2bn. The company also recorded a 39% increase in net asset value. Going forward the plan is to open the 2 Rivers Mall in the 2015/2016 financial period and to complete phase one of Pearl Marina.
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mv_ufanisi
#3 Posted : Wednesday, June 17, 2015 10:04:19 AM
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My expectation is that the share price retreats in the short-term. These are not the hey days of bull market when good news is immediately priced in. This will test the short term investors and some will sell at a loss.
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enyands
#4 Posted : Wednesday, June 17, 2015 10:07:54 AM
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Joined: 12/25/2014
Posts: 2,300
Location: kenya
mv_ufanisi wrote:
Here's a snippet from NIC

Centum Full year Results- Centum’s portfolio diversified to an additional 5 sectors in 2015. Under the energy sector the company has invested in Amu and Akiira power plants. In financial services, Centum acquired 65% controlling stake in K-Rep bank.. In FMCG Centum acquired controlling stake in Almasi beverages and formed King Beverage, a company that distributes Carlsberg in Kenya. The company’s credit rating improved from A- to A in this financial period Centum exited UAP at KES 180 per share realizing over KES 5bn. It also exited investments in 2 PE funds realizing about KES 500mn. PAT went up by 160% from KES 3bn to 7.9bn. Total assets went up by 43% from KES 28.8bn to KES 41.2bn. The company also recorded a 39% increase in net asset value. Going forward the plan is to open the 2 Rivers Mall in the 2015/2016 financial period and to complete phase one of Pearl Marina.


good impressive results . Still no bonus till five years are over right
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Ericsson
#5 Posted : Wednesday, June 17, 2015 10:11:16 AM
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The huge rise is due to a one off gain from the disposal of stake in UAP.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#6 Posted : Wednesday, June 17, 2015 10:16:03 AM
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The huge rise in profits is due to the sale of UAP stake which is a one off gain.
How do the cash flows or cash at hand look like
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#7 Posted : Wednesday, June 17, 2015 10:33:25 AM
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Ericsson wrote:
The huge rise is due to a one off gain from the disposal of stake in UAP.

what goodies have they proposed to the shareholder?
"Don't let the fear of losing be greater than the excitement of winning."
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muganda
#8 Posted : Wednesday, June 17, 2015 11:15:05 AM
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mlennyma wrote:
Ericsson wrote:
The huge rise is due to a one off gain from the disposal of stake in UAP.

what goodies have they proposed to the shareholder?


@Ericsson, insightful and true. Net Asset Value was up a more reasonable 39% http://www.centum.co.ke/downloa...efing%20Presentation.pdf

@mlennyma, goodies are only Centum 3.0, bragging rights and share price growth
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The optimist
#9 Posted : Wednesday, June 17, 2015 11:24:01 AM
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uchumi wrote:
centum posts impressive results

Assets 41.2b

Profit rise 160%


smile Centum tweeting wrong results of its own!

PAT grew 160% while PBT grew 120%.
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Ericsson
#10 Posted : Wednesday, June 17, 2015 11:45:40 AM
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@mlennyma
Shareholder anaumia ata mnofi ya nyama hakuna.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Othelo
#11 Posted : Wednesday, June 17, 2015 1:54:16 PM
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Ericsson wrote:
@mlennyma
Shareholder anaumia ata mnofi ya nyama hakuna.

Realtreaty smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Ericsson
#12 Posted : Wednesday, June 17, 2015 2:09:27 PM
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Anaambiwa angoje share price appreciation in a bearish market.
The company itself has no cash to give a dividend at ya 10 cents or ksh.66.6mn jameeeni wololo yaye
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Othelo
#13 Posted : Wednesday, June 17, 2015 3:11:32 PM
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Ericsson wrote:
Anaambiwa angoje share price appreciation in a bearish market.
The company itself has no cash to give a dividend at ya 10 cents or ksh.66.6mn jameeeni wololo yaye

smile smile smile Hata bonus ya manupilation and kurecapitalise. Meanwhile DJ, son in law & daughter ......... isorite wacha tu!!! Enyewe Wanjiku yawa!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Aguytrying
#14 Posted : Wednesday, June 17, 2015 5:15:40 PM
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Othelo wrote:
Ericsson wrote:
Anaambiwa angoje share price appreciation in a bearish market.
The company itself has no cash to give a dividend at ya 10 cents or ksh.66.6mn jameeeni wololo yaye

smile smile smile Hata bonus ya manupilation and kurecapitalise. Meanwhile DJ, son in law & daughter ......... isorite wacha tu!!! Enyewe Wanjiku yawa!!!


By the way. In such a case, what do the major shareholders get? (other than board renumerations)
The investor's chief problem - and even his worst enemy - is likely to be himself
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Ericsson
#15 Posted : Wednesday, June 17, 2015 5:29:16 PM
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@ Aguytrying
Fat bonuses and allowances;
wanjiku hapati kitu;
At least kampuni hulipa dividends wanjiku gets something
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Othelo
#16 Posted : Wednesday, June 17, 2015 5:35:40 PM
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Ericsson wrote:
@ Aguytrying
Fat bonuses and allowances;
wanjiku hapati kitu;
At least kampuni hulipa dividends wanjiku gets something

Plus being part of the 30% local shareholding through proxy working with the Chinese firms winning contracts all over the place. Being $b involves seedy & shoddy dealings. Crook....ed!!!

Hata odeyo ya wanjiku yawa!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Othelo
#17 Posted : Wednesday, June 17, 2015 5:48:02 PM
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Of course more & more money needed >>>>>>>>>BD

Centum Investment Company, the majority owner of K-Rep Bank, had announced that it would inject Sh1.6 billion of new capital into the lender before the higher tier one capital was announced.
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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enyands
#18 Posted : Wednesday, June 17, 2015 7:40:08 PM
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Othelo wrote:
Of course more & more money needed >>>>>>>>>BD

Centum Investment Company, the majority owner of K-Rep Bank, had announced that it would inject Sh1.6 billion of new capital into the lender before the higher tier one capital was announced.


expound please
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Ericsson
#19 Posted : Wednesday, June 17, 2015 8:19:37 PM
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Plus being part of the 30% local shareholding through proxy working with the Chinese firms winning contracts all over the place. Being $b involves seedy & shoddy dealings. Crook....ed!!!

Hata odeyo ya wanjiku yawa!!!

When told to bring your contribution as part of the consortium unasema ntaleta debt and funds za pension schemes as if they are willing to fund the venture.
Hii imeshinda crooked crook.
Lamu coal power plant will be like capital gains tax or Konza city DOA
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#20 Posted : Wednesday, June 17, 2015 11:37:01 PM
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http://www.businessdaily...4/-/yrnm6u/-/index.html

Just like I said;profits are now being propped up by asset sales.
Yet the company still has negative cash flow;do I see another Uchumi in the making.
In the investing world;cashflow is a very important determinant in the stability of a company.
Some of those projects being mentioned I doubt whether the company has the necessary capital to undertake;this is a brokerage company in the making;no wonder shareholders get nothing in return
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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