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Centum half year results 2017/2018
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Ericsson
#51 Posted : Wednesday, March 21, 2018 1:20:09 PM
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Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
"Centum invested in Platcorp Holdings in December 2012 and it has delivered a stellar 31 percent holding period internal rate of return” noted James Mworia
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VituVingiSana
#52 Posted : Tuesday, March 27, 2018 12:08:26 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,343
Location: Nairobi
Where Centum invested its 1.1bn (from the sale of Platcorp?) https://www.nation.co.ke...359322-idmj91/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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enyands
#53 Posted : Tuesday, March 27, 2018 5:09:51 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
VituVingiSana wrote:
Where Centum invested its 1.1bn (from the sale of Platcorp?) https://www.nation.co.ke...59322-idmj91/index.html


sidian bank

Investment firm Centum has pumped Sh1.1 billion into its banking subsidiary Sidian in a rights issue that is meant to boost the lender’s core capital.

Sidian chief executive Chege Thumbi said the capital injection will support trade finance, which the bank has been eyeing as part of a wider scheme aimed at growing its loan book.

Centum holds a 73 per cent stake in Sidian Bank and the Sh1.1 billion cash injection means it has defended its entire stake in the rights issue.

“Shareholders approved a total of Sh1.5 billion rights issue and we have received Sh1.1 billion, which is the share due from our main shareholder Centum. The other investors have until November to contribute their share of the rights,” Mr Thumbi said.
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  | | Edit by moderator: Tuesday, March 27, 2018 5:55 AM | Reason: URL spacing
Ericsson
#54 Posted : Tuesday, March 27, 2018 7:04:10 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
[quote=VituVingiSana]Where Centum invested its 1.1bn (from the sale of Platcorp?) https://www.nation.co.ke...59322-idmj91/index.html[/quote]
Link iko wapi.
In the report nowhere is it mentioned they used proceeds from platcorp
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Ericsson
#55 Posted : Tuesday, March 27, 2018 7:06:36 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
enyands wrote:
VituVingiSana wrote:
Where Centum invested its 1.1bn (from the sale of Platcorp?) https://www.nation.co.ke...59322-idmj91/index.html


sidian bank

Investment firm Centum has pumped Sh1.1 billion into its banking subsidiary Sidian in a rights issue that is meant to boost the lender’s core capital.

Sidian chief executive Chege Thumbi said the capital injection will support trade finance, which the bank has been eyeing as part of a wider scheme aimed at growing its loan book.

Centum holds a 73 per cent stake in Sidian Bank and the Sh1.1 billion cash injection means it has defended its entire stake in the rights issue.

“Shareholders approved a total of Sh1.5 billion rights issue and we have received Sh1.1 billion, which is the share due from our main shareholder Centum. The other investors have until November to contribute their share of the rights,” Mr Thumbi said.


Sidian bank is a thorn in the flesh of centum.
They are to report full year results before thursday which will be a loss widening compared to last year.
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VituVingiSana
#56 Posted : Tuesday, March 27, 2018 9:08:06 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,343
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Where Centum invested its 1.1bn (from the sale of Platcorp?) https://www.nation.co.ke...59322-idmj91/index.html

Link iko wapi.
In the report nowhere is it mentioned they used proceeds from platcorp
Hence the "?" smile
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#57 Posted : Tuesday, March 27, 2018 4:17:34 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
sh.1.2bn pumped in 2016 then 1.1bn in 2018.
Waah
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VituVingiSana
#58 Posted : Wednesday, March 28, 2018 7:41:21 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,343
Location: Nairobi
House team backs Sh200bn Lamu coal power plant plan
https://www.businessdail...0740-k93gqvz/index.html
If Centum can find a financing and operating partner then this will be another decent "fair value gain" in Centum's books. The question is "when?" and the sooner the better!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#59 Posted : Wednesday, March 28, 2018 9:34:13 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
House team backs Sh200bn Lamu coal power plant plan
https://www.businessdail...0740-k93gqvz/index.html
If Centum can find a financing and operating partner then this will be another decent "fair value gain" in Centum's books. The question is "when?" and the sooner the better!


Forget about the coal power plant for now.
It's not being built any time soon.
Wealth is built through a relatively simple equation
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VituVingiSana
#60 Posted : Thursday, March 29, 2018 7:04:57 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,343
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
House team backs Sh200bn Lamu coal power plant plan
https://www.businessdail...0740-k93gqvz/index.html
If Centum can find a financing and operating partner then this will be another decent "fair value gain" in Centum's books. The question is "when?" and the sooner the better!


Forget about the coal power plant for now.
It's not being built any time soon.

Yes, a $2bn power plant isn't like installing a solar panel.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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