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What is this story about Centum
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stock.enigma
#1 Posted : Thursday, December 08, 2016 10:15:26 AM
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Joined: 8/14/2009
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Anybody heard that most projects are stalling?
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Ericsson
#2 Posted : Thursday, December 08, 2016 10:21:51 AM
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@stock.enigma
That has been there since last 2014 when Two Rivers Mall stalled and they had to be bailed out by Old Mutual Properties.
The projects Centum is undertaking are too capital intensive for its size and magnitude yet the employees and directors are fleecing the company
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MadDoc
#3 Posted : Thursday, December 08, 2016 10:36:31 AM
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stock.enigma wrote:
Anybody heard that most projects are stalling?


Will the Lamu coal plant happen?
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Ericsson
#4 Posted : Thursday, December 08, 2016 10:40:29 AM
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@MadDoc
Never their method of funding wasn't going to work.
They wanted pension schemes to contribute towards its share of ksh.50bn
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Ericsson
#5 Posted : Thursday, December 08, 2016 12:58:47 PM
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http://www.theeastafrica...478766-pal1f5/index.html
Wealth is built through a relatively simple equation
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Angelica _ann
#6 Posted : Thursday, December 08, 2016 1:19:45 PM
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Joined: 12/7/2012
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The way Centum manages its mega projects, GL. smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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obiero
#7 Posted : Thursday, December 08, 2016 6:21:15 PM
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Joined: 6/23/2009
Posts: 13,782
Location: nairobi
Ericsson wrote:
@stock.enigma
That has been there since last 2014 when Two Rivers Mall stalled and they had to be bailed out by Old Mutual Properties.
The projects Centum is undertaking are too capital intensive for its size and magnitude yet the employees and directors are fleecing the company

That Two Rivers thing is complete, basically

COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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