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Centum half year results 2017/2018
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watesh
#61 Posted : Thursday, March 29, 2018 8:18:47 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
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!

I gave up on this thing, the SGR will be finished even before its started. Too much political propaganda around it
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Ericsson
#62 Posted : Thursday, March 29, 2018 8:44:00 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
watesh 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!

I gave up on this thing, the SGR will be finished even before its started. Too much political propaganda around it


Too much propaganda and PR,nothing on the ground taking place.
Centum are even unable to break ground on their akiira geothermal power plant.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#63 Posted : Thursday, March 29, 2018 8:45:32 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
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.


You are now consoling yourself using that line.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#64 Posted : Thursday, March 29, 2018 8:47:07 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Ericsson wrote:
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.


Sidian bank FY 2017 loss slides to sh. 632mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#65 Posted : Thursday, March 29, 2018 4:26:03 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,343
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
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.

You are now consoling yourself using that line.
Patience.
A $2bn project isn't easy to pull off. And without a gov't guarantee or "cheap" loans [KQ, Uchumi, KPLC, KenGen, etc] it is even harder. So a step at a time. This isn't a plug & play toy.
SGR isn't making money despite all the assistance and subsidies GoK is giving it.
https://www.businessdail...62110-o5qvf5z/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#66 Posted : Thursday, March 29, 2018 8:06:45 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
[quote=VituVingiSana]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.

You are now consoling yourself using that line.
Patience.
A $2bn project isn't easy to pull off. And without a gov't guarantee or "cheap" loans [KQ, Uchumi, KPLC, KenGen, etc] it is even harder. So a step at a time. This isn't a plug & play toy.
SGR isn't making money despite all the assistance and subsidies GoK is giving it.
https://www.businessdail...2110-o5qvf5z/index.html[/quote]

So what was the excitement for when it ain't coming anytime soon.
The money isn't even it there and how sure are you centum will be part of the consortium to build it
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#67 Posted : Friday, March 30, 2018 8:05:49 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,343
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
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.

You are now consoling yourself using that line.
Patience.
A $2bn project isn't easy to pull off. And without a gov't guarantee or "cheap" loans [KQ, Uchumi, KPLC, KenGen, etc] it is even harder. So a step at a time. This isn't a plug & play toy.
SGR isn't making money despite all the assistance and subsidies GoK is giving it.
https://www.businessdail...2110-o5qvf5z/index.html


So what was the excitement for when it ain't coming anytime soon.
The money isn't even it there and how sure are you centum will be part of the consortium to build it

Centum is a conglomerate. Not everything succeeds but looks good for now. Of course, if I think things aren't rosy in the medium to long-term then I will bail.
Coal Plant: It's definitely good news as each hurdle is conquered. It raises the probability of success. If KETRACO can build, in good time, a transmission line from Lamu to (as an example) Vipingo then Centum can plan for an industrial park.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#68 Posted : Friday, March 30, 2018 9:32:43 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
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.

You are now consoling yourself using that line.
Patience.
A $2bn project isn't easy to pull off. And without a gov't guarantee or "cheap" loans [KQ, Uchumi, KPLC, KenGen, etc] it is even harder. So a step at a time. This isn't a plug & play toy.
SGR isn't making money despite all the assistance and subsidies GoK is giving it.
https://www.businessdail...2110-o5qvf5z/index.html


So what was the excitement for when it ain't coming anytime soon.
The money isn't even it there and how sure are you centum will be part of the consortium to build it

Centum is a conglomerate. Not everything succeeds but looks good for now. Of course, if I think things aren't rosy in the medium to long-term then I will bail.
Coal Plant: It's definitely good news as each hurdle is conquered. It raises the probability of success. If KETRACO can build, in good time, a transmission line from Lamu to (as an example) Vipingo then Centum can plan for an industrial park.


I bailed out a few weeks back. Not too sure/comfortable with their valuations. Love some of the businesses they hold though.
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VituVingiSana
#69 Posted : Monday, April 02, 2018 7:49:57 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,343
Location: Nairobi
Haba na haba...
https://www.businessdail...67256-22dwkuz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kawi254
#70 Posted : Wednesday, May 02, 2018 4:25:12 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Carrefour to open in Village Market. I see the high net worth traffic to Two Rivers reducing.
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