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Centum HY17
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Ericsson
#101 Posted : Friday, September 29, 2017 12:22:15 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
http://www.businessdaily...17020-13h4bsj/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Gatheuzi
#102 Posted : Friday, September 29, 2017 7:28:18 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
Ericsson wrote:
http://www.businessdailyafrica.com/corporate/companies/Inside-Centum-s-unique-bonus-payment-scheme/4003102-4117020-13h4bsj/index.html

Interesting. So the bonuses are based on cash returns and not revaluations...Or is it an interview for bad publicity repair in view of recent headline about Mworia's pay..

Quote:
The bonus is based on growth of net asset value (NAV); right?
No, it is based on cash returns.
So, it was changed because previous annual reports said it is based on growing NAV above 15 per percent.
Since we came up with the policy in 2009, it has not had a lot of modifications. The bonus policy takes into account market-based movements.
So, even if we have a revaluation of assets, it does not go into the calculation. You must have a market-based transaction, meaning either realised gains, dividends or where the company has had a market transaction, meaning the value is based on a realised price. The hurdle rate is 15 per cent and whatever is above that is what goes into the bonus pool. The annual report is abridged and does not go into details of how the bonus is calculated.
We shall soon publish a detailed version of the bonus policy for transparency. The calculation of the bonus — and this is where the detailed bonus computation comes — is really based on cash returns to the company and not on the book value. If it was based on book value, it would have been on a different multiple. So, we don’t take into account revaluation movements. In the total return statement, revaluation movements are included.
So, for example, if you buy land and get development plan approval and the valuation changes, those valuation movements are factored in the total return. For purposes of calculating the bonus, all those revaluations are removed. The only thing you are left with is the cash return.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Pesa Nane
#103 Posted : Wednesday, October 04, 2017 10:30:09 AM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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alotoftalk
#104 Posted : Wednesday, October 04, 2017 8:33:45 PM
Rank: Member


Joined: 8/27/2015
Posts: 138
Location: Harare
Pesa Nane wrote:


CK should also retire in line with those same Corporate Governance standards.
Investment philosophy development in progress...
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Ericsson
#105 Posted : Wednesday, November 01, 2017 12:38:35 PM
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Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
Chris Kirubi reportedly airlifted to the United States (US) in critical condition for an operation on Wednesday.

The Centum Investment Director had been admitted for 12 days at the Nairobi Hospital.
Wish him well and quick recovery
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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watesh
#106 Posted : Wednesday, November 01, 2017 3:02:45 PM
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Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
Chris Kirubi reportedly airlifted to the United States (US) in critical condition for an operation on Wednesday.

The Centum Investment Director had been admitted for 12 days at the Nairobi Hospital.
Wish him well and quick recovery

Haiya, first Bob then now Kirubi.....hope they all get better
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obiero
#107 Posted : Wednesday, November 01, 2017 3:06:53 PM
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Joined: 6/23/2009
Posts: 13,972
Location: nairobi
watesh wrote:
Ericsson wrote:
Chris Kirubi reportedly airlifted to the United States (US) in critical condition for an operation on Wednesday.

The Centum Investment Director had been admitted for 12 days at the Nairobi Hospital.
Wish him well and quick recovery

Haiya, first Bob then now Kirubi.....hope they all get better

Verified. Critical but not life threatening. Mungu mbele. Get well soon DJ CK

KQ ABP 4.48; MTN ABP 5.20
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VituVingiSana
#108 Posted : Wednesday, November 01, 2017 8:58:46 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,265
Location: Nairobi
Ericsson wrote:
Chris Kirubi reportedly airlifted to the United States (US) in critical condition for an operation on Wednesday.

The Centum Investment Director had been admitted for 12 days at the Nairobi Hospital.
Wish him well and quick recovery

He is no spring chicken. May he recover soon.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Chaka
#109 Posted : Wednesday, November 01, 2017 10:04:17 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
This is an indictment on medicare in KE?Its like our surgeons have shaky fingers?
Ericsson wrote:
Chris Kirubi reportedly airlifted to the United States (US) in critical condition for an operation on Wednesday.

The Centum Investment Director had been admitted for 12 days at the Nairobi Hospital.
Wish him well and quick recovery
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obiero
#110 Posted : Wednesday, November 01, 2017 10:18:48 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,972
Location: nairobi
Chaka wrote:
This is an indictment on medicare in KE?Its like our surgeons have shaky fingers?
Ericsson wrote:
Chris Kirubi reportedly airlifted to the United States (US) in critical condition for an operation on Wednesday.

The Centum Investment Director had been admitted for 12 days at the Nairobi Hospital.
Wish him well and quick recovery


Sigiri..

KQ ABP 4.48; MTN ABP 5.20
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deadpoet
#111 Posted : Tuesday, November 21, 2017 3:32:46 PM
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Joined: 9/27/2006
Posts: 505
Can someone explain how this company survives with consistently low cash flows? I'm looking at it as a potential buy next year.
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littledove
#112 Posted : Wednesday, November 22, 2017 8:48:31 AM
Rank: Veteran


Joined: 7/1/2014
Posts: 926
Location: sky




Corporate Actions:

Company Book Closure - Date -- Dividend (Kes)

Carbacid Investment Ltd - KES 0.70 - 29th November 2017

KPLC - - KES 0.50 - 30thNovember 2017
Unga Group Ltd - KES 1.00 - 05th December 2017

Longhorn Publishers Ltd - KES 0.29 - 08th December 2017

Centum Investment - KES1.20 - 22nd December 2017

Kind regards,

Research Department

Kingdom Securities Limited- A subsidiary of the Co-operative Bank of Kenya


is that information information misleading by kingdom securities,i think book closure was 30th sep 2017
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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KIRTI
#113 Posted : Wednesday, November 22, 2017 11:42:00 AM
Rank: Member


Joined: 8/17/2010
Posts: 116
BOOK CLOSE 27.09.2017. FINAL DIVIDEND OF KSHS 1.20 WILL BE PAID ON OR BEFORE 22.12.2017.
This is within the 90 days statutory period as stipulated under CMA
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Sir invest
#114 Posted : Wednesday, November 22, 2017 12:30:26 PM
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Joined: 8/19/2015
Posts: 125
If you find a company delaying to this extent, 90DAYS!!!!.............An indication of liquidity problems!!!!
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maka
#115 Posted : Wednesday, November 22, 2017 12:34:14 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Sir invest wrote:
If you find a company delaying to this extent, 90DAYS!!!!.............An indication of liquidity problems!!!!


No we are ok.... Pesa ni mingismile
possunt quia posse videntur
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mamilli
#116 Posted : Friday, November 24, 2017 10:55:04 AM
Rank: Member


Joined: 10/6/2015
Posts: 249
Location: Nairobi
maka wrote:
Sir invest wrote:
If you find a company delaying to this extent, 90DAYS!!!!.............An indication of liquidity problems!!!!


No we are ok.... Pesa ni mingismile


Early morning uptick,half year numbers lazima zimepikwa na aromat.
Never lose your position in a bull market,BTFD.
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Angelica _ann
#117 Posted : Friday, November 24, 2017 11:09:01 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,929
mamilli wrote:
maka wrote:
Sir invest wrote:
If you find a company delaying to this extent, 90DAYS!!!!.............An indication of liquidity problems!!!!


No we are ok.... Pesa ni mingismile


Early morning uptick,half year numbers lazima zimepikwa na aromat.


DJ CK still MIA!!!!
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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Ericsson
#118 Posted : Friday, November 24, 2017 11:20:21 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,798
Location: NAIROBI
Are the half year results out mamilli?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mamilli
#119 Posted : Friday, November 24, 2017 11:46:38 AM
Rank: Member


Joined: 10/6/2015
Posts: 249
Location: Nairobi
Ericsson wrote:
Are the half year results out mamilli?


Nope...coming monday 27th
Never lose your position in a bull market,BTFD.
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Pesa Nane
#120 Posted : Thursday, February 15, 2018 3:42:55 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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