@VVS
Centum doesn't need a bailout for now but if things go as they are it will need one.
Mumias,Uchumi are other examples
Even KQ didn't need a bailout from GOK back then but see where it is now.

No-one should get a bailout. Not Centum. Not KQ.

Let me get this right.Last year Centum paid employees kshs 1 billion bonus.This year again,they are paying employees kshs 600 milion.Thats a total of kshs 1.6 bilion.Meanwhile last year shareholders were paid nothing.This year they will get kshs 665 milion.
An employee is more important than a shareholder in this company.An office cleaner of this company walks home with kshs 10 milion annualy besides salary.A shareholder walks home with kshs 13000!

Is the bonus cash or stocks?

Money money money, moooney!!!

According to holy scripture you become greatest while serving others. Mworia and CK DJ are serving their self-interest now expecting to be great. No way!

It is true but at some point you find yourself holding a stock which has sunk deeper and unable to exit to enter another. It requires careful study of the market.

l have checked today major dailies,centum have not yet published their results.Are they cooking them first before publishing or what?

Check their website, they were on there yesterday.

Weighing in on the bonus discussion, I am wondering why people act surprised? Whether you agree or disagree with the structure, Centum, unlike a lot of NSE firms, is upfront about exactly how they award bonuses.

"Our variable performance based reward system is key as it addresses the critical balance between employee reward and shareholder wealth creation. We have in place a bonus structure which recognizes outperformance. Participation in the bonus pool is determined by both corporate and individual performance. On corporate performance, a return on opening shareholder funds in excess of a hurdle rate of 15% is targeted each year. Should this be achieved, the team is then entitled to a bonus pool of 20% of the return in excess of the hurdle rate." Centum AR 2015, pg. 133.

It is a fairly generic approach, actually. The question to me, therefore, is whether or not you think the bonus structure will help or hinder the capital appreciation of your investment in the company. If you think it hurts, don't invest. If you think it helps, then invest. Skip the drama. Just think about it and make a decision.

What will be interesting moving forward is if they shift it as the company shifts. They said at the investor briefing that they are now essentially a conglomerate rather than a portfolio investor. To me, that means some thought should be given to whether this approach is still ideal or if something new needs to replace it.