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Centum FY 2019 eps up 69% with div of 1.20/-
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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@Pesa8 - Do your thing! Good news from @Bankelele https://twitter.com/bank...atus/1138580851191623680Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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https://af.reuters.com/article/commoditiesNews/idAFL8N23G08JNAIROBI, June 12 (Reuters) - Kenya’s Centum Investment said on Wednesday its full year pretax profit for the period to end March rose 41% to 4.44 billion Kenyan shillings ($43.94 million). Centum, which invests in listed firms and private companies, said it had entered an agreement to sell its stake in Almasi Beverages Limited and Nairobi Bottlers, with a total valuation of 19.5 billion shillings, to Coca Cola Beverages Africa. ($1 = 101.0500 Kenyan shillings) (Reporting by George Obulutsa; Editing by Omar Mohammed) 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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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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littledove wrote:https://af.reuters.com/article/commoditiesNews/idAFL8N23G08JNAIROBI, June 12 (Reuters) - Kenya’s Centum Investment said on Wednesday its full year pretax profit for the period to end March rose 41% to 4.44 billion Kenyan shillings ($43.94 million). Centum, which invests in listed firms and private companies, said it had entered an agreement to sell its stake in Almasi Beverages Limited and Nairobi Bottlers, with a total valuation of 19.5 billion shillings, to Coca Cola Beverages Africa. ($1 = 101.0500 Kenyan shillings) (Reporting by George Obulutsa; Editing by Omar Mohammed) dividend retained at ksh1.20 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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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Petey Pablo - Show Me The Money https://www.youtube.com/watch?v=4vqwzAdCVEAGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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I am glad they are killing all the debt and also Sidian has finally stopped leaking money. After the sale of Almasi and Nairobi Bottlers, their exposure to real estate will be pretty huge
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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littledove wrote:https://af.reuters.com/article/commoditiesNews/idAFL8N23G08JNAIROBI, June 12 (Reuters) - Kenya’s Centum Investment said on Wednesday its full year pretax profit for the period to end March rose 41% to 4.44 billion Kenyan shillings ($43.94 million). Centum, which invests in listed firms and private companies, said it had entered an agreement to sell its stake in Almasi Beverages Limited and Nairobi Bottlers, with a total valuation of 19.5 billion shillings, to Coca Cola Beverages Africa. ($1 = 101.0500 Kenyan shillings) (Reporting by George Obulutsa; Editing by Omar Mohammed) This is great news for my small stake. I’d rather have Coke as the anchor shareholder vs Centum.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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Horton wrote:littledove wrote:https://af.reuters.com/article/commoditiesNews/idAFL8N23G08JNAIROBI, June 12 (Reuters) - Kenya’s Centum Investment said on Wednesday its full year pretax profit for the period to end March rose 41% to 4.44 billion Kenyan shillings ($43.94 million). Centum, which invests in listed firms and private companies, said it had entered an agreement to sell its stake in Almasi Beverages Limited and Nairobi Bottlers, with a total valuation of 19.5 billion shillings, to Coca Cola Beverages Africa. ($1 = 101.0500 Kenyan shillings) (Reporting by George Obulutsa; Editing by Omar Mohammed) This is great news for my small stake. I’d rather have Coke as the anchor shareholder vs Centum. Asset stripping ongoing. Almasi and Nairobi are the cash generating units. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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littledove wrote:https://af.reuters.com/article/commoditiesNews/idAFL8N23G08JNAIROBI, June 12 (Reuters) - Kenya’s Centum Investment said on Wednesday its full year pretax profit for the period to end March rose 41% to 4.44 billion Kenyan shillings ($43.94 million). Centum, which invests in listed firms and private companies, said it had entered an agreement to sell its stake in Almasi Beverages Limited and Nairobi Bottlers, with a total valuation of 19.5 billion shillings, to Coca Cola Beverages Africa. ($1 = 101.0500 Kenyan shillings) (Reporting by George Obulutsa; Editing by Omar Mohammed) Proceeds from the sale will be used to settle debt obligations of ksh.7.5bn in USD terms.This will result in finance costs reduction of ksh.700mn. Almasi Beverages and Nairobi Bottlers contributed dividends worth ksh.400mn Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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Ericsson wrote:Horton wrote:littledove wrote:https://af.reuters.com/article/commoditiesNews/idAFL8N23G08JNAIROBI, June 12 (Reuters) - Kenya’s Centum Investment said on Wednesday its full year pretax profit for the period to end March rose 41% to 4.44 billion Kenyan shillings ($43.94 million). Centum, which invests in listed firms and private companies, said it had entered an agreement to sell its stake in Almasi Beverages Limited and Nairobi Bottlers, with a total valuation of 19.5 billion shillings, to Coca Cola Beverages Africa. ($1 = 101.0500 Kenyan shillings) (Reporting by George Obulutsa; Editing by Omar Mohammed) This is great news for my small stake. I’d rather have Coke as the anchor shareholder vs Centum. Asset stripping ongoing. Almasi and Nairobi are the cash generating units. they are very quality assets for centum, i dont know the main reason for their disposal 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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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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littledove wrote:Ericsson wrote:Horton wrote:littledove wrote:https://af.reuters.com/article/commoditiesNews/idAFL8N23G08JNAIROBI, June 12 (Reuters) - Kenya’s Centum Investment said on Wednesday its full year pretax profit for the period to end March rose 41% to 4.44 billion Kenyan shillings ($43.94 million). Centum, which invests in listed firms and private companies, said it had entered an agreement to sell its stake in Almasi Beverages Limited and Nairobi Bottlers, with a total valuation of 19.5 billion shillings, to Coca Cola Beverages Africa. ($1 = 101.0500 Kenyan shillings) (Reporting by George Obulutsa; Editing by Omar Mohammed) This is great news for my small stake. I’d rather have Coke as the anchor shareholder vs Centum. Asset stripping ongoing. Almasi and Nairobi are the cash generating units. they are very quality assets for centum, i dont know the main reason for their disposal What is the logic of selling the unit(s)? Disclaimer - I am not a shareholder in Centum. 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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Centum FY 2019 eps up 69% with div of 1.20/-
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