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Centum HY 2016 profit up 55% comprehensive income down 76%
MadDoc
#21 Posted : Wednesday, November 11, 2015 2:49:18 PM
Rank: Member


Joined: 10/26/2015
Posts: 151
Pesa Nane wrote:


Is the EPS supposed to be higher than last years? My accounting knowledge is close to zilch. could u please clarify?
Othelo
#22 Posted : Wednesday, November 11, 2015 2:51:42 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
Operating and administration costs Shame on you
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
dunkang
#23 Posted : Wednesday, November 11, 2015 2:54:36 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
MadDoc wrote:
Pesa Nane wrote:


Is the EPS supposed to be higher than last years? My accounting knowledge is close to zilch. could u please clarify?

Laughing out loudly Laughing out loudly Laughing out loudly
I sense hollywood accounting at work.

There is Profit Before Tax (PBT), Profit After Tax (PAT) and Total Comprehensive Income.
Receive with simplicity everything that happens to you.” ― Rashi

Othelo
#24 Posted : Wednesday, November 11, 2015 2:58:20 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
dunkang wrote:
MadDoc wrote:
Pesa Nane wrote:


Is the EPS supposed to be higher than last years? My accounting knowledge is close to zilch. could u please clarify?

Laughing out loudly Laughing out loudly Laughing out loudly
I sense hollywood accounting at work.

There is Profit Before Tax (PBT), Profit After Tax (PAT) and Total Comprehensive Income.

What this buggers are doing, because they know their 'investment' activities are many and complex, they have resorted to making reporting complex instead of simplifying matters. At the end of the game, few will be $$$$$ billionaires, while many will be crying without even Kes smile
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
MadDoc
#25 Posted : Wednesday, November 11, 2015 3:22:04 PM
Rank: Member


Joined: 10/26/2015
Posts: 151
dunkang wrote:
MadDoc wrote:
Pesa Nane wrote:


Is the EPS supposed to be higher than last years? My accounting knowledge is close to zilch. could u please clarify?

Laughing out loudly Laughing out loudly Laughing out loudly
I sense hollywood accounting at work.

There is Profit Before Tax (PBT), Profit After Tax (PAT) and Total Comprehensive Income.


Finally got it. The EPS is based on PAT. The OCI was the confusing part. Didn't know it was unrealised gains or losses on assets. Thanks.
Boris Boyka
#26 Posted : Wednesday, November 11, 2015 3:26:12 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
Othelo wrote:
Operating and administration costs Shame on you

Up 800% Shame on you
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
muganda
#27 Posted : Wednesday, November 11, 2015 3:27:59 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,906
Now @wazua what's this?
Your title has just changed from: Centum HY 2016 profit up 124% comprehensive income up 9%
TO
Centum HY 2016 profit up 55% comprehensive income down 76%

Oh, got it. The former is for Centum Company and the latter is for Centum Group. This is becoming a muddle http://centum.co.ke/imag...iefing_Presentation.pdf
murchr
#28 Posted : Wednesday, November 11, 2015 3:28:11 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Boris Boyka wrote:
Othelo wrote:
Operating and administration costs Shame on you

Up 800% Shame on you


Aha!!!! RED FLAG Wanakula tu....
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Ericsson
#29 Posted : Wednesday, November 11, 2015 3:38:15 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,778
Location: NAIROBI
Investment and other income is it real cash income ama they have included revaluation ya buildings and mashamba they own.
Hapa iko red flag kubwa;operation and administration costs ni real cash going out.
And then we hear Two Rivers Mall has stalled in construction;
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Othelo
#30 Posted : Wednesday, November 11, 2015 3:42:39 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
Coming to think of it, with that elaborate employee rewards scheme paid over 3 years, not many employees will pocket the money. This is high tech $$$$ billionaire works in the offing!!!!!

Also just know people are related here!!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Ericsson
#31 Posted : Wednesday, November 11, 2015 4:29:01 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,778
Location: NAIROBI
How do you include loans and advances by KREP bank as part of your assets.
How do u include KREP customer deposits as part of your liabilities.
NSSF with its 48% stake in National Bank doesn't the above details in its balance sheet.

In the full year of 2016 gain on disposal of asset will be via the AON Minet stake that is currently up for sale
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sl8r
#32 Posted : Wednesday, November 11, 2015 4:38:55 PM
Rank: New-farer


Joined: 5/20/2010
Posts: 69
murchr wrote:
Boris Boyka wrote:
Othelo wrote:
Operating and administration costs Shame on you

Up 800% Shame on you


Aha!!!! RED FLAG Wanakula tu....


what does Other Comprehensive Income consist of?
streetwise
#33 Posted : Wednesday, November 11, 2015 4:48:36 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Like was quoted elsewhere buy what you know
Lolest!
#34 Posted : Wednesday, November 11, 2015 5:02:33 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Othelo wrote:
Coming to think of it, with that elaborate employee rewards scheme paid over 3 years, not many employees will pocket the money. This is high tech $$$$ billionaire works in the offing!!!!!

Also just know people are related here!!!!

Not talking Not talking
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
enyands
#35 Posted : Wednesday, November 11, 2015 5:10:18 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,301
Location: kenya
People enjoy shafting other Kenyans to rich themselves and don't care how the shafted will survive.given a choice one would chose shafting as better option than doing the right and correct thing fair to humanity.

History judges you , kenatco, uchumi ,HACO ( cooking books to sell to SA company ) and now centum 1B employees reward fraud! And cooking results. What makes you think cooking has ended. Once a cook always a cook.

This is a golden handcuffs to me. Iv bled alot here. Will wait for his final nail to crucify me. I'm proud to bag this in my experience bag after FEP.
Some of these guys... anyway isorait
Othelo
#36 Posted : Wednesday, November 11, 2015 5:33:03 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
@enyands in the near long term who will escape as they will continue revaluing assets and generating positive NAV especially through real estate.
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
Boris Boyka
#37 Posted : Wednesday, November 11, 2015 5:33:04 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
enyands wrote:
People enjoy shafting other Kenyans to rich themselves and don't care how the shafted will survive.given a choice one would chose shafting as better option than doing the right and correct thing fair to humanity.

History judges you , kenatco, uchumi ,HACO ( cooking books to sell to SA company ) and now centum 1B employees reward fraud! And cooking results. What makes you think cooking has ended. Once a cook always a cook.

This is a golden handcuffs to me. Iv bled alot here. Will wait for his final nail to crucify me. I'm proud to bag this in my experience bag after FEP.
Some of these guys... anyway isorait

Hope you didn't buy @80/- pole sana lakini. You'll be more experienced 'worst mistakes in trading'
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
VituVingiSana
#38 Posted : Wednesday, November 11, 2015 5:39:06 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,223
Location: Nairobi
murchr wrote:
Boris Boyka wrote:
Othelo wrote:
Operating and administration costs Shame on you

Up 800% Shame on you


Aha!!!! RED FLAG Wanakula tu....

The CEO said that Centum owns 50+% of Almasi & has consolidated the numbers into the Group. That is allowed [& expected] under the accounting rules. Therefore the revenue & expenses have jumped. The Non-controlling shareholder income would also come into play.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#39 Posted : Wednesday, November 11, 2015 5:40:56 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,223
Location: Nairobi
Ericsson wrote:
How do you include loans and advances by KREP bank as part of your assets.
How do u include KREP customer deposits as part of your liabilities.
NSSF with its 48% stake in National Bank doesn't the above details in its balance sheet.

In the full year of 2016 gain on disposal of asset will be via the AON Minet stake that is currently up for sale
NSSF cannot & should not include NBK as a consolidated entity since it doesn't own 50+% of NBK. At most, if allowed, they can use Equity Accounting.
Pension Fund Accounting may be different from Company Accounting.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
enyands
#40 Posted : Wednesday, November 11, 2015 6:11:45 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,301
Location: kenya
Boris Boyka wrote:
enyands wrote:
People enjoy shafting other Kenyans to rich themselves and don't care how the shafted will survive.given a choice one would chose shafting as better option than doing the right and correct thing fair to humanity.

History judges you , kenatco, uchumi ,HACO ( cooking books to sell to SA company ) and now centum 1B employees reward fraud! And cooking results. What makes you think cooking has ended. Once a cook always a cook.

This is a golden handcuffs to me. Iv bled alot here. Will wait for his final nail to crucify me. I'm proud to bag this in my experience bag after FEP.
Some of these guys... anyway isorait

Hope you didn't buy @80/- pole sana lakini. You'll be more experienced 'worst mistakes in trading'



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