If you look at non-listed firms, they don’t sugar coat their prospects (except Cytonn 😆) there is also no mention of what they expect to grow at. I don’t think Centum would sell these shares if anything they are on accumulate mode unless a really juicy offer came along. What Centum have done pricing these may be acceptable in accounting but is this the most conservative method of valuation? In my opinion you price your assets based on worst case scenario not on best case that’s being conservative. Or if they have sold shares on that price or is the market or OTC price then it makes sense in my books. Since it’s a subsidiary should NAV of Almasi be taken as exactly that? I don’t know what do the accountants reckon?

There you go. Kama ARM I guess.

So as you invest think about their valuation metrics. @Ericsson had expressed his uneasiness about this a while back. I didn’t think much until I really dug in. Thereafter sold all my shares here.

Perhaps 28/- is a good entry point but there are other companies with great value on the market.

@VVS

Centum Investment will announce their 1H19 results on Monday 26th November 2018. The Company will host an Investor Briefing at the Villa Rosa Kempinski, starting 7:00am EAT (GMT +3)

In addition, the Company will hold a Conference Call at 3:30pm EAT (GMT +3) and you may signup for that call by clicking on the link below.

http://services.choruscall.za.c...SecurityString=36653b3ae

Firms will fail. It has happened for as long as there were firms and farms.

I feel sorry for both of them given they had real money at stake and didn't sell like some could have done.

I feel better in firms where the management has skin in the game. James Mwangi, BC Patel (as a director), James Mworia, etc. [Building value]

On the other hand, the former CEO of the largest destroyer of wealth in KE, had zero shares.

Some are crooks e.g. Matu who eats from the other 95%, Merali whose insider dealings eats most of the profits, Ndegwas with their conflicts (selling Ennsvalley to Unga), etc

Dande, Arora, etc have "skin in the game" too Let's see where they end up!

Finally the Jan 2017 low has been smashed and we are at levels never seen in this decade. NSE 20 currently at 2783.
We were last here twice last decade, in October 2004, when Kibaki was still new in the Presidency, and April 2009 during the GFC. Yes 9 years of gains wiped out of the NSE. What separates us now from the Sept 2002 lows of 1005 is the 2360 GFC low of March 2009......more popcorns please