Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Ericsson wrote:At the opening of the mall today by President Uhuru Kenyatta Chinese ambassador spoke about this been one of chinese biggest investments in Kenya.He spoke on behalf of AVIC.
Several managers of Old Mutual properties/South Africans were also present.
The total investment in Two Rivers mall is $270mn.
For this mall the chinese and Old Mutual properties really pressed hard on Centum as they were desperate for someone to bail them out to complete the mall.
That is why James Mworia body language wasn't inspiring.Shareholders of Centum biggest losers.
The shareholding of the mall is as follows;
Old Mutual Properties---50%
Centum---29%
AVIC---18.9%
ICDC---2.1%
Me too can't be inspired. How do you chinja a fully grown chicken only to end up with the cursed wing. Horrible.  ,Behold, a sower went forth to sow;....
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Rank: New-farer Joined: 10/25/2011 Posts: 67
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What is the difference between Centum and ICDC
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Rank: Elder Joined: 6/23/2009 Posts: 13,760 Location: nairobi
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kaimbaga2012 wrote:What is the difference between Centum and ICDC Centum is private while ICDC is government.. Both are related somewhat since CK used to be a driver at Kenatco Kencom which is where his dreams became valid
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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Rank: New-farer Joined: 10/25/2011 Posts: 67
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obiero wrote:kaimbaga2012 wrote:What is the difference between Centum and ICDC Centum is private while ICDC is government.. Both are related somewhat since CK used to be a driver at Kenatco Kencom which is where his dreams became valid Okay Obiero. interesting. I usually see Centum trading at the NSE as ICDC, hence the confusion
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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kaimbaga2012 wrote:obiero wrote:kaimbaga2012 wrote:What is the difference between Centum and ICDC Centum is private while ICDC is government.. Both are related somewhat since CK used to be a driver at Kenatco Kencom which is where his dreams became valid Okay Obiero. interesting. I usually see Centum trading at the NSE as ICDC, hence the confusion Difference between ICDC and Centum. ICDC is a shareholder in CentumLife is short. Live passionately.
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Rank: Member Joined: 5/21/2014 Posts: 184
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muandiwambeu wrote:Ericsson wrote:At the opening of the mall today by President Uhuru Kenyatta Chinese ambassador spoke about this been one of chinese biggest investments in Kenya.He spoke on behalf of AVIC.
Several managers of Old Mutual properties/South Africans were also present.
The total investment in Two Rivers mall is $270mn.
For this mall the chinese and Old Mutual properties really pressed hard on Centum as they were desperate for someone to bail them out to complete the mall.
That is why James Mworia body language wasn't inspiring.Shareholders of Centum biggest losers.
The shareholding of the mall is as follows;
Old Mutual Properties---50%
Centum---29%
AVIC---18.9%
ICDC---2.1%
Me too can't be inspired. How do you chinja a fully grown chicken only to end up with the cursed wing. Horrible. I am happy with 29%! We can't talk about a possible over supply in mall space and still slate Centum for having limited exposure in that space, circumstances that led to that not withstanding. Again, that's just the nature JVs. If you don't have the money to go it alone then you need to humble yourself and do what it takes to get the money to complete the project while protecting your interest. It's better to do a JV rather than have a stalled project. Sometimes heri nusu shari kuliko share kamili. Additionally, Centum has been able to continue to diversify it's portfolio. No matter how promising something looks diversification wins in the end. Also don't forget that Two-Rivers mall which sits on around 11 acres is just a small part of a bigger project. Centum is still the majority owner in the bigger project which sits on the balance from 102 acres. Even for the remainder of the project, if they do JVs, the better! There are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Elder Joined: 8/16/2011 Posts: 2,353
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Its open, my Maths will come by may when they do their FY2016-7 results. Can I sell before that? No i will even try to buy more as there is possibility of the price rising from now.
The tenants are paying
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Rank: Member Joined: 8/15/2015 Posts: 817
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glad to see chris kirubi's loot doing some impressive work #two_rivers_mall
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Cornelius Vanderbilt wrote:glad to see chris kirubi's loot doing some impressive work #two_rivers_mall  John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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http://www.businessdaily...8896-11lcu9a/index.html
Debt burden on this company is worrying now that South Africans are in control of Two Rivers Mall Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/11/2006 Posts: 895
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Ericsson wrote:http://www.businessdailyafrica.com/corporate/Coop-Bank-lent-Centums-Two-Rivers/539550-3828896-11lcu9a/index.html
Debt burden on this company is worrying now that South Africans are in control of Two Rivers Mall Taking a loan of 1b shillings to buy the 100 acre piece of land and later awarding employees with 1b shillings bonuses. It's like borrowing to pay bonuses “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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ngapat wrote:Ericsson wrote:http://www.businessdailyafrica.com/corporate/Coop-Bank-lent-Centums-Two-Rivers/539550-3828896-11lcu9a/index.html
Debt burden on this company is worrying now that South Africans are in control of Two Rivers Mall Taking a loan of 1b shillings to buy the 100 acre piece of land and later awarding employees with 1b shillings bonuses. It's like borrowing to pay bonuses Yes! Inventing terminologies of hoodwinking Wanjiko.....Hapa watu watachomeka. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 8/16/2011 Posts: 2,353
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ngapat wrote:Ericsson wrote:http://www.businessdailyafrica.com/corporate/Coop-Bank-lent-Centums-Two-Rivers/539550-3828896-11lcu9a/index.html
Debt burden on this company is worrying now that South Africans are in control of Two Rivers Mall Taking a loan of 1b shillings to buy the 100 acre piece of land and later awarding employees with 1b shillings bonuses. It's like borrowing to pay bonuses  Take care of your staff who produces and the rest will be profits. Richard Branson a billionaire always rewards staff well for him to remain strong in business. Give what belongs to Caesar to Caesar!!!!
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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ngapat wrote:Ericsson wrote:http://www.businessdailyafrica.com/corporate/Coop-Bank-lent-Centums-Two-Rivers/539550-3828896-11lcu9a/index.html
Debt burden on this company is worrying now that South Africans are in control of Two Rivers Mall Taking a loan of 1b shillings to buy the 100 acre piece of land and later awarding employees with 1b shillings bonuses. It's like borrowing to pay bonuses Tell u what, the 1B for 100acres is very good value. Thats 10m per acre! Only concern is if they took 1B from coop to fully purchase the land purchase then : 1. what did they tie down as security? 2. What did they do with the 782m they got from the sale of carbacid?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Realtreaty wrote:Horton wrote:VituVingiSana wrote:Malls outdo each other to attract clients, shoppers http://www.businessdaily...69020-5smym2/index.html
Will there be a mall "crash"? When? Two Rivers Karen = The Hub &The Waterfront Westlands/Parklands = Sarit Center (3x Expansion), Westgate (2x Expansion), Diamond Plaza (2x Expansion) Ngong Road & environs = Junction, Greenhouse On (46 kms) Thika Road = Garden City, TRM, Juja City, Spur Mall, Uni City and Mountain Mall. There are many malls/areas I have not included including on Uhuru Highway, Langata Rd, Mombasa Road... Malls are overdone similar to hotels where everyone is getting into it. Havent been to garden city of late but hear they are struggling with tenants? Same with greenhouse! In my opinion, they should have done a world class theme park, which would accomodate a relatively smaller shopping/recreational and dining area.....water under the bridge! However, the carlsberg partnership sounds like an interesing preposition for Centum and considering that they hold a very small stake in 2 rivers. Still we are not there yet. Kenya is growing for the world not for Nairobians only. We want to be peaceful and keep peace and Nairobi will be another Dubai, Singapore, Beijing, hongkong, etc where people will come for services, shopping and relaxing I dream a Kenya with no crime, a Kenya where people are honorable like the Japanese. You demonstrate peacefully and go home without breaking a grass or a sand. I want a Kenya with no slums, a Kenya with equity and brotherhood. A hardworking country with zero corruption. That will only happen with proper leadership...Most likely not in our lifetime... possunt quia posse videntur
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Rank: Member Joined: 5/21/2014 Posts: 184
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Centum’s Lamu coal project gets energy regulator approval http://www.businessdaily...30508-84o13xz/index.htmlThere are too many opportunities all around. Open your eyes and maybe you'll spot one
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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[quote=actuarywahisa]Centum’s Lamu coal project gets energy regulator approval http://www.businessdaily...0508-84o13xz/index.html[/quote] Share price falling. No confidence or excitement Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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Rank: Elder Joined: 12/4/2009 Posts: 10,778 Location: NAIROBI
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[quote=bartum]Why is centum missing from here,is it ethics http://kenyanwallstreet....stment-journey-in-kenya[/quote] Centum is a small player babaahh Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/17/2007 Posts: 53
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[quote=actuarywahisa]Centum’s Lamu coal project gets energy regulator approval http://www.businessdaily...0508-84o13xz/index.html[/quote] Approval despite GoK admitting we have oversupply of preferred energy sources (renewables) http://www.nation.co.ke/...30352-v7gyra/index.html
Also countries are moving away from coal for obvious reasons... Lakini nani alituroga
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