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Centum impressive FY 2015 profit before tax up 120%
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heri
#41 Posted : Thursday, August 20, 2015 3:11:36 PM
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heri
#42 Posted : Thursday, August 20, 2015 3:30:43 PM
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heri
#43 Posted : Thursday, August 20, 2015 3:42:34 PM
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moneydust
#44 Posted : Thursday, August 20, 2015 5:03:04 PM
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Ericsson wrote:
http://www.businessdailyafrica.com/Corporate-News/Centum-profit-jumps-to-Sh7-9bn-on-sale-of-UAP/-/539550/2755584/-/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


These have been my sentiments for awhile now..
Am especially afraid for their two river mall especially when it is judged against the current performance of Garden city Mall.This may turn out to be a white elephant or at the very least may not generate the necessary cashflow quickly enough.
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heri
#45 Posted : Thursday, August 20, 2015 5:39:01 PM
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@ Ericsson, i still do not understand why you said the cashflows were negative.
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heri
#46 Posted : Thursday, August 20, 2015 5:46:13 PM
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madebe
#47 Posted : Monday, September 14, 2015 8:37:33 AM
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can someone tell centum that their website is infect with a trojan virus. on that note iko mutu na their 2015 FY annual report?
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BGL
#48 Posted : Monday, September 14, 2015 10:29:07 AM
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madebe wrote:
can someone tell centum that their website is infect with a trojan virus. on that note iko mutu na their 2015 FY annual report?


I have it. weka email.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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madebe
#49 Posted : Monday, September 14, 2015 3:40:37 PM
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Horton
#50 Posted : Monday, September 14, 2015 4:10:28 PM
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Its consistently beating the market. I dont see what all the dividend fuss is! Also negative cashflow, isnt that very normal for an investment company on the invest/growth trajectory? Dividends are overrated, i get a checque from companies sometimes with very menial amounts-the postage even isnt worth it! What centum is doing, is reinvesting my dividends and doing it well, bought at 18bob, now share at 50+ thats tripled quite nicely.


Only concern is, 2 rivers, i passed by last week, it doesnt look like it will be up and running by Oct 2015.
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tom_boy
#51 Posted : Wednesday, September 16, 2015 9:37:35 AM
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Ufisadi na uhasama. Why do the centum employees pay themselves huge bonusses in cash yet the board wont issue dividends or even bonus shares. In addition this growth in asset values is determined by whom? How can the board/ employees decide the asset values then agree on bonus to be paid to themselves. Why not give the bonus in shares rather than cash. Very warped thinking that fattens the directors while lying to shareholders that growth is taking place.

In addition, if target growth per yr is 15% and it is achieved, shouldn' t they make the target 20% for next yr rather than maintain the 15%. The shareholders are being robbed blind by the employees. Negative cash flow but cash bonuses!!!
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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Pesa Nane
#52 Posted : Friday, October 09, 2015 1:55:06 PM
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I was stupid to assume the Ksh. 1,000,0000,000.00 bonus payout would be put to a vote at an AGM!
Eh? Eh? Eh?




Pesa Nane plans to be shilingi when he grows up.
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Othelo
#53 Posted : Friday, October 09, 2015 4:52:51 PM
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Now 'votes withheld' ndiye gani? Reminds one of Bomas smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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hisah
#54 Posted : Monday, November 09, 2015 6:30:18 PM
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Reports H1 results this Wednesday 11th. Currently testing critical support around 40 handle. Break below next support around 25-30 level.

#golden handcuffs
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mlennyma
#55 Posted : Monday, November 09, 2015 7:26:25 PM
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hisah wrote:
Reports H1 results this Wednesday 11th. Currently testing critical support around 40 handle. Break below next support around 25-30 level.

#golden handcuffs

25-30 needs very bad news to be realized
"Don't let the fear of losing be greater than the excitement of winning."
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moneydust
#56 Posted : Monday, November 09, 2015 7:31:56 PM
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tom_boy wrote:
Ufisadi na uhasama. Why do the centum employees pay themselves huge bonusses in cash yet the board wont issue dividends or even bonus shares. In addition this growth in asset values is determined by whom? How can the board/ employees decide the asset values then agree on bonus to be paid to themselves. Why not give the bonus in shares rather than cash. Very warped thinking that fattens the directors while lying to shareholders that growth is taking place.

In addition, if target growth per yr is 15% and it is achieved, shouldn' t they make the target 20% for next yr rather than maintain the 15%. The shareholders are being robbed blind by the employees. Negative cash flow but cash bonuses!!!


Enough said!!!!
Centum is just another house of cards.Its achilles heel is Two rivers and the Coal plant.In these two it bit more than it can chew.
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hisah
#57 Posted : Monday, November 09, 2015 7:34:04 PM
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mlennyma wrote:
hisah wrote:
Reports H1 results this Wednesday 11th. Currently testing critical support around 40 handle. Break below next support around 25-30 level.

#golden handcuffs

25-30 needs very bad news to be realized

Don't tempt the bear Anxious
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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lochaz-index
#58 Posted : Monday, November 09, 2015 8:07:30 PM
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mlennyma wrote:
hisah wrote:
Reports H1 results this Wednesday 11th. Currently testing critical support around 40 handle. Break below next support around 25-30 level.

#golden handcuffs

25-30 needs very bad news to be realized

Give it time. That price range will actualize in due course.
The main purpose of the stock market is to make fools of as many people as possible.
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Spikes
#59 Posted : Monday, November 09, 2015 8:39:07 PM
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@Hisa you seem to be bear crusader coz every time you are warning us seriously to desist from taking the market meltdown for granted. You mean Centum can print even 15-20 price in the long run?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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mlennyma
#60 Posted : Monday, November 09, 2015 8:52:05 PM
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Spikes wrote:
@Hisa you seem to be bear crusader coz every time you are warning us seriously to desist from taking the market meltdown for granted. You mean Centum can print even 15-20 price in the long run?

even the dj didn't get it at this huge discounts, i think its easier for centum to clock 100bob than 15bob
"Don't let the fear of losing be greater than the excitement of winning."
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