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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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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. I tried to find a way to buy a few shares in Almasi and NBL but no luck. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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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. Not really "asset stripping" given the cash will be used to pay down debt. Dividends 400mn "loss" Interest 700mn "savings" The catch is the reliance on Real Estate is now much larger. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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VituVingiSana 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. Not really "asset stripping" given the cash will be used to pay down debt. Dividends 400mn "loss" Interest 700mn "savings" The catch is the reliance on Real Estate is now much larger. What is the state of real estate in the country? Ask Britam and Suraya Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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VituVingiSana 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. I tried to find a way to buy a few shares in Almasi and NBL but no luck. I dumped Centum after I found someone who was selling me Almasi. That’s the only reason I bought these shares. I don’t particularly like Centum. Almasi had a few small time owners. Nairobi Bottlers is not possible to buy em coz they are held by deep pockets still trying to accumulate
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Ericsson wrote:VituVingiSana 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. Not really "asset stripping" given the cash will be used to pay down debt. Dividends 400mn "loss" Interest 700mn "savings" The catch is the reliance on Real Estate is now much larger. What is the state of real estate in the country? Ask Britam and Suraya Ask Cytonn as well 200m loss 2018. However, they didn’t prop up profits thru “revaluation gains” like Centum and KENYA re like doing
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Horton wrote:Ericsson wrote:VituVingiSana 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. Not really "asset stripping" given the cash will be used to pay down debt. Dividends 400mn "loss" Interest 700mn "savings" The catch is the reliance on Real Estate is now much larger. What is the state of real estate in the country? Ask Britam and Suraya Ask Cytonn as well 200m loss 2018. However, they didn’t prop up profits thru “revaluation gains” like Centum and KENYA re like doing Let us prosper with the "Revaluation Gains"  I do deduct the FV Gains if I am not comfy with them. Both of these are now officially part of my "Core Investments" I will do a thread on Centum next week. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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VituVingiSana wrote:Horton wrote:Ericsson wrote:VituVingiSana 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. Not really "asset stripping" given the cash will be used to pay down debt. Dividends 400mn "loss" Interest 700mn "savings" The catch is the reliance on Real Estate is now much larger. What is the state of real estate in the country? Ask Britam and Suraya Ask Cytonn as well 200m loss 2018. However, they didn’t prop up profits thru “revaluation gains” like Centum and KENYA re like doing Let us prosper with the "Revaluation Gains" I do deduct the FV Gains if I am not comfy with them. Both of these are now officially part of my "Core Investments" I will do a thread on Centum next week. Look at you being all VVS (read fancy) 😆😆😆 Revaluation Gains & fair value gains is the same thing https://www.accaglobal.c...nical-articles/ppe.html
Just depends on where you went to school 😬
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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"Of key concern is the KES 1.4B loss from share of associate & JV profits (Two Rivers). Share of profits from joint venture ksh.(1703)mn Share of profits of associates ksh.279mn Joint Venture is Two Rivers Mall 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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VituVingiSana 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. Not really "asset stripping" given the cash will be used to pay down debt. Dividends 400mn "loss" Interest 700mn "savings" The catch is the reliance on Real Estate is now much larger. Corporate bond of ksh.6.367bn matures in 2020. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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19.5bn from the sale of Soda Stakes. 7.5bn bond to be repaid in 2019. 10bn to be invested in PEFII. 2bn pays expenses, interest, dividend and taxes. 6.5bn to be repaid in 2020. Another asset sale is possible. Not sure what would be sold. Or simply issue a new bond, CP or OD in 2020. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Centum FY 2019 eps up 69% with div of 1.20/-
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