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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
Posts: 244
Anybody heard that most projects are stalling?
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Ericsson
#2 Posted : Thursday, December 08, 2016 10:21:51 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
@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
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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MadDoc
#3 Posted : Thursday, December 08, 2016 10:36:31 AM
Rank: Member

Joined: 10/26/2015
Posts: 151
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
Rank: Elder

Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
@MadDoc
Never their method of funding wasn't going to work.
They wanted pension schemes to contribute towards its share of ksh.50bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#5 Posted : Thursday, December 08, 2016 12:58:47 PM
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Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
http://www.theeastafrica...478766-pal1f5/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#6 Posted : Thursday, December 08, 2016 1:19:45 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,941
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
Rank: Elder

Joined: 6/23/2009
Posts: 14,477
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 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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