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edwing
#1 Posted : Tuesday, March 23, 2010 6:54:30 AM
Rank: New-farer


Joined: 1/31/2010
Posts: 23
Location: Nairobi
A definite no sell at this time.
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guru267
#2 Posted : Tuesday, March 23, 2010 6:57:12 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
edwing wrote:
A definite no sell at this time.


why???
Mark 12:29
Deuteronomy 4:16
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edwing
#3 Posted : Tuesday, March 23, 2010 7:11:10 AM
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Joined: 1/31/2010
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Location: Nairobi
The price is under valued considering that all they invested in last year is now performing very well.
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drake
#4 Posted : Tuesday, March 23, 2010 7:41:43 AM
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Joined: 8/8/2009
Posts: 170
:D
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2012
#5 Posted : Tuesday, March 23, 2010 8:19:38 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
edwing wrote:
The price is under valued considering that all they invested in last year is now performing very well.


I haven't seen the new locomotives yet. Enlighten us @edwing.

BBI will solve it :)
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mv_ufanisi
#6 Posted : Tuesday, March 23, 2010 8:51:18 AM
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Joined: 1/15/2010
Posts: 625
People should sell. If this baby hits 12 bob it will be great. Looking forward to picking up some more shares.
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edwing
#7 Posted : Tuesday, March 23, 2010 11:52:46 AM
Rank: New-farer


Joined: 1/31/2010
Posts: 23
Location: Nairobi
People stop hating on this stock Just wait and see.smile
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BGL
#8 Posted : Tuesday, March 23, 2010 3:38:23 PM
Rank: Veteran


Joined: 10/11/2009
Posts: 1,223
@mv_ufanisi
70% reduction in expected profits was a material announcement made sometimes last year april 02,2009.The main reasons then were (i)Drop in the NSE listed stocks and (ii)impairment of RVR investment.

To post such info is misleading....Besides if such info existed it will be posted on the NSE website. Out of curiosity i called their offices and they do not know the source of that info and it should be disregarded.
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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mv_ufanisi
#9 Posted : Tuesday, March 23, 2010 4:30:56 PM
Rank: Member


Joined: 1/15/2010
Posts: 625
@BGL - I've edited my post. I read this on Mars Group Kenya and the date there was wrong. So I take it back. Was definitely for 2009.

On a different note it seems that Centum got out of RVR after Transcentury and Ambience Ventures of Citadel Group have agreed to work together in RVR.

Will that translate into a one off profit for Centum?
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ProverB
#10 Posted : Tuesday, March 23, 2010 9:05:49 PM
Rank: Veteran


Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
edwing wrote:
The price is under valued considering that all they invested in last year is now performing very well.

@edwing..centum got off Govenment paper in 2007-08 ..just as recession drama started..and they kept off as every one else joined in!!!
As of March 3rd 2009 they had not invested in bills nor bonds...their holdings in KQ were valued at Kshs28.8M..compared to cos of kshs160.9M
BBK...worth kshs 44.7M..cost kshs 87.2 M
Safcom worth 120.2M..cost kshs234.6M
Best bets they had at that time were Carbacid,EABL and KCB...

I put your quote coz they are likely to underperform your projections...might just break even.
But hey, I could be wrong..Drool
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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edwing
#11 Posted : Wednesday, March 24, 2010 7:00:40 AM
Rank: New-farer


Joined: 1/31/2010
Posts: 23
Location: Nairobi
@mv_ufanisi Transcentury is still in RVR if you saw last evenings news 23/03/2010. That deal gives hope to Centum @ProverB Centum did some borrowing last year after reporting losses and reinvested the money at great prices, but their yet to announce their performance.
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mv_ufanisi
#12 Posted : Wednesday, March 24, 2010 7:30:37 AM
Rank: Member


Joined: 1/15/2010
Posts: 625
@edwing read my post again. Transcentury is still in the deal but Centum, Primefuels, Mirambo & other moniroty shareholders likely sold their stakes to Citadel.
Given that Centum had written this investment off, it will definitely lift their profits.
@ProverB - didn't know that Centum paid such high prices for their stocks! Just unimpressive. If the Kenyan market was expensive they should have diversified and bought Ghana, Botswana, Nigeria or Tunisia stocks on the exchange.
Buying at such high prices is the opposite of buy low sell high. WOW.
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edwing
#13 Posted : Wednesday, March 24, 2010 7:42:33 AM
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Joined: 1/31/2010
Posts: 23
Location: Nairobi
People how much did Centum Get in the RVR deal.
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Wa_ithaka
#14 Posted : Wednesday, March 24, 2010 3:07:58 PM
Rank: Veteran


Joined: 1/7/2010
Posts: 1,279
Location: nbi
Tx for the reminder.
I think it'll definitely have a much better yr than 09 given the subsequent NSE recovery.
That youngblood is doing a good job so far.
The Governor of Nyeri - 2017
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edwing
#15 Posted : Tuesday, March 30, 2010 10:54:05 AM
Rank: New-farer


Joined: 1/31/2010
Posts: 23
Location: Nairobi
PEOPLE PEOPLE PEOPLE I TOLD YOU ALL I THINK ANYONE WHO TOOK MY ADVICE SHOULD BE LAUGHING ALL THE WAY TO THE BANK AT LEAST AFTER EASTER YOUR ALL WELCOME AND I DO IT FOR FREE.
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edwing
#16 Posted : Tuesday, March 30, 2010 10:57:00 AM
Rank: New-farer


Joined: 1/31/2010
Posts: 23
Location: Nairobi
EXIT 30BOB WHO'S IN.
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wote
#17 Posted : Tuesday, March 30, 2010 11:00:18 AM
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Joined: 10/18/2007
Posts: 217
edwing, i have tens of thousands of this shares could you kindly enlighten me on the investments they made last years.
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2012
#18 Posted : Tuesday, March 30, 2010 11:03:00 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
edwing wrote:
People how much did Centum Get in the RVR deal.


They should get btwn $4.2m to $4.8m

BBI will solve it :)
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Bangkok
#19 Posted : Wednesday, March 31, 2010 4:33:01 AM
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Joined: 4/6/2007
Posts: 31
edwing.

I also have some shares here, but I would be suprised the price go beyond 15 bob. Apart from this RVR deal, there is nothing else to support the higher prices
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RichVee
#20 Posted : Wednesday, March 31, 2010 8:10:37 AM
Rank: Member


Joined: 1/26/2010
Posts: 124
@Bangkok - Centum is already at 15.50. I believe it will rise to about 20. Last year, and being a bad year the peak was around 17. I am hopeful...
Tired of mediocrity. Am going to the very top!
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