Wazua
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Centum HY 2016 profit up 55% comprehensive income down 76%
Rank: Member Joined: 10/26/2015 Posts: 151
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Is the EPS supposed to be higher than last years? My accounting knowledge is close to zilch. could u please clarify?
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Operating and administration costs Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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MadDoc wrote:Is the EPS supposed to be higher than last years? My accounting knowledge is close to zilch. could u please clarify? 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
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Rank: User Joined: 1/20/2014 Posts: 3,528
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dunkang wrote:MadDoc wrote:Is the EPS supposed to be higher than last years? My accounting knowledge is close to zilch. could u please clarify? 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 Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 10/26/2015 Posts: 151
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dunkang wrote:MadDoc wrote:Is the EPS supposed to be higher than last years? My accounting knowledge is close to zilch. could u please clarify? 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.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Othelo wrote:Operating and administration costs Up 800% Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 9/15/2006 Posts: 3,906
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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
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Boris Boyka wrote:Othelo wrote:Operating and administration costs Up 800% 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 .
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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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
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Rank: User Joined: 1/20/2014 Posts: 3,528
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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 $$$$ billionaire works in the offing!!!!! Also just know people are related here!!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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How do you include loans and advances by KREP bank as part of your assets. How do u include KREP customer deposits as part of your liabilities. NSSF with its 48% stake in National Bank doesn't the above details in its balance sheet. In the full year of 2016 gain on disposal of asset will be via the AON Minet stake that is currently up for sale Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 5/20/2010 Posts: 69
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murchr wrote:Boris Boyka wrote:Othelo wrote:Operating and administration costs Up 800% Aha!!!! RED FLAG Wanakula tu.... what does Other Comprehensive Income consist of?
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Like was quoted elsewhere buy what you know
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Othelo wrote:Coming to think of it, with that elaborate employee rewards scheme paid over 3 years, not many employees will pocket the money. This is high tech $$$$ billionaire works in the offing!!!!!
Also just know people are related here!!!!
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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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
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Rank: User Joined: 1/20/2014 Posts: 3,528
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@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.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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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. !!!
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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murchr wrote:Boris Boyka wrote:Othelo wrote:Operating and administration costs Up 800% 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
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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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
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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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' 55
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Centum HY 2016 profit up 55% comprehensive income down 76%
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