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Centum FY 2019 eps up 69% with div of 1.20/-

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the deal		#21 Posted : Wednesday, June 12, 2019 11:42:17 PM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		DSCR at 1.7X in FY 2019...it had been falling over the last 5 years...company was gonna run into a debt crisis sooner than later thus the move to sell its jewel in the crown Almasi beverages...
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VituVingiSana		#22 Posted : Thursday, June 13, 2019 2:03:36 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		the deal wrote: DSCR at 1.7X in FY 2019...it had been falling over the last 5 years...company was gonna run into a debt crisis sooner than later thus the move to sell its jewel in the crown Almasi beverages... Gasp! It's all over for Centum. What will they do? They sold The Jewels. Oh my! Oh my! Oh my! Did someone say Centum will be almost debt-free? What's the point when The Jewels are gone? Gone! Gone! Gone! Now Centum is left with worthless 9,000+ acres in Vipingo. And raw land in Two Rivers. Who will buy their apartments and houses in Two Rivers? And Vipingo? And Pearl Marina? And books from Longhorn? Which is probably also up for sale. And those Isuzu trucks? Who wants to buy fresh herbs from Greenblade? Doomed! Doomed! Doomed! With such "dead" assets like Amu and Akiira, the end is nigh. Shareholders should sell out. At any possible price. Sell. Sell. Sell. Please let me know before you sell at sub-30 or even better if it is lower. I want to help you out by using my KK proceeds to buying up your shares. Greedy when others are fearful. Very fearful when others are greedy* - *to paraphrase Warren Buffett*
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Horton		#23 Posted : Thursday, June 13, 2019 7:13:17 AM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		VituVingiSana wrote: the deal wrote: DSCR at 1.7X in FY 2019...it had been falling over the last 5 years...company was gonna run into a debt crisis sooner than later thus the move to sell its jewel in the crown Almasi beverages... Gasp! It's all over for Centum. What will they do? They sold The Jewels. Oh my! Oh my! Oh my! Did someone say Centum will be almost debt-free? What's the point when The Jewels are gone? Gone! Gone! Gone! Now Centum is left with worthless 9,000+ acres in Vipingo. And raw land in Two Rivers. Who will buy their apartments and houses in Two Rivers? And Vipingo? And Pearl Marina? And books from Longhorn? Which is probably also up for sale. And those Isuzu trucks? Who wants to buy fresh herbs from Greenblade? Doomed! Doomed! Doomed! With such "dead" assets like Amu and Akiira, the end is nigh. Shareholders should sell out. At any possible price. Sell. Sell. Sell. *Please let me know before you sell at sub-30 or even better if it is lower. I want to help you out by using my KK proceeds to buying up your shares. Gosh ur such a drama queen 😆😆
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VituVingiSana		#24 Posted : Thursday, June 13, 2019 7:19:54 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		Horton wrote: VituVingiSana wrote: the deal wrote: DSCR at 1.7X in FY 2019...it had been falling over the last 5 years...company was gonna run into a debt crisis sooner than later thus the move to sell its jewel in the crown Almasi beverages... Gasp! It's all over for Centum. What will they do? They sold The Jewels. Oh my! Oh my! Oh my! Did someone say Centum will be almost debt-free? What's the point when The Jewels are gone? Gone! Gone! Gone! Now Centum is left with worthless 9,000+ acres in Vipingo. And raw land in Two Rivers. Who will buy their apartments and houses in Two Rivers? And Vipingo? And Pearl Marina? And books from Longhorn? Which is probably also up for sale. And those Isuzu trucks? Who wants to buy fresh herbs from Greenblade? Doomed! Doomed! Doomed! With such "dead" assets like Amu and Akiira, the end is nigh. Shareholders should sell out. At any possible price. Sell. Sell. Sell. Please let me know before you sell at sub-30 or even better if it is lower. I want to help you out by using my KK proceeds to buying up your shares. Gosh ur such a drama queen 😆😆 Making money and having fun at it. I enjoy the process. The research. The execution. And finally the waiting. Plus the spending. Greedy when others are fearful. Very fearful when others are greedy* - *to paraphrase Warren Buffett*
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VituVingiSana		#25 Posted : Thursday, June 13, 2019 7:25:32 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		the deal wrote: DSCR at 1.7X in FY 2019...it had been falling over the last 5 years...company was gonna run into a debt crisis sooner than later thus the move to sell its jewel in the crown Almasi beverages... Please post the DSCR for the past 5 years. What's a "Debt Crisis"? Thanks. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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the deal		#26 Posted : Thursday, June 13, 2019 10:32:50 AM
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery		VituVingiSana wrote: the deal wrote: DSCR at 1.7X in FY 2019...it had been falling over the last 5 years...company was gonna run into a debt crisis sooner than later thus the move to sell its jewel in the crown Almasi beverages... Please post the DSCR for the past 5 years. What's a "Debt Crisis"? Thanks. DSCR FY 15-9.3x FY 16-4.5x FY 17-2.5x FY 18-3.2x FY 19-1.7x Source: Centum FY 2018 Centum would have been forced to get waivers from creditors like KQ had the DSCR dropped below 1.2x...from FY03/2019 you can see some of Centum's companies are bleeding while others are burning cash...re evaluation gains are unfortunately not cash...you need cash to pay debts thus the sale of Almasi beverages...
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VituVingiSana		#27 Posted : Thursday, June 13, 2019 10:49:27 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		the deal wrote: VituVingiSana wrote: the deal wrote: DSCR at 1.7X in FY 2019...it had been falling over the last 5 years...company was gonna run into a debt crisis sooner than later thus the move to sell its jewel in the crown Almasi beverages... Please post the DSCR for the past 5 years. What's a "Debt Crisis"? Thanks. DSCR FY 15-9.3x FY 16-4.5x FY 17-2.5x FY 18-3.2x FY 19-1.7x Source: Centum FY 2018 Centum would have been forced to get waivers from creditors like KQ had the DSCR dropped below 1.2x...from FY03/2019 you can see some of Centum's companies are bleeding while others are burning cash...re evaluation gains are unfortunately not cash...you need cash to pay debts thus the sale of Almasi beverages... So the next question is what did they use the cash (loans) for? Was it invested in long-term project/s? Given Centum does not produce widgets, what does Centum sell if not their projects? Aren't Almasi, GenAfrica, Two Rivers, etc projects/inventory? Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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rwitre		#28 Posted : Thursday, June 13, 2019 11:16:54 AM
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi		VituVingiSana wrote: the deal wrote: DSCR at 1.7X in FY 2019...it had been falling over the last 5 years...company was gonna run into a debt crisis sooner than later thus the move to sell its jewel in the crown Almasi beverages... Gasp! It's all over for Centum. What will they do? They sold The Jewels. Oh my! Oh my! Oh my! Did someone say Centum will be almost debt-free? What's the point when The Jewels are gone? Gone! Gone! Gone! Now Centum is left with worthless 9,000+ acres in Vipingo. And raw land in Two Rivers. Who will buy their apartments and houses in Two Rivers? And Vipingo? And Pearl Marina? And books from Longhorn? Which is probably also up for sale. And those Isuzu trucks? Who wants to buy fresh herbs from Greenblade? Doomed! Doomed! Doomed! With such "dead" assets like Amu and Akiira, the end is nigh. Shareholders should sell out. At any possible price. Sell. Sell. Sell. *Please let me know before you sell at sub-30 or even better if it is lower. I want to help you out by using my KK proceeds to buying up your shares.
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rwitre		#29 Posted : Thursday, June 13, 2019 11:22:09 AM
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi		VituVingiSana wrote: the deal wrote: VituVingiSana wrote: the deal wrote: DSCR at 1.7X in FY 2019...it had been falling over the last 5 years...company was gonna run into a debt crisis sooner than later thus the move to sell its jewel in the crown Almasi beverages... Please post the DSCR for the past 5 years. What's a "Debt Crisis"? Thanks. DSCR FY 15-9.3x FY 16-4.5x FY 17-2.5x FY 18-3.2x FY 19-1.7x Source: Centum FY 2018 Centum would have been forced to get waivers from creditors like KQ had the DSCR dropped below 1.2x...from FY03/2019 you can see some of Centum's companies are bleeding while others are burning cash...re evaluation gains are unfortunately not cash...you need cash to pay debts thus the sale of Almasi beverages... So the next question is what did they use the cash (loans) for? Was it invested in long-term project/s? Given Centum does not produce widgets, what does Centum sell if not their projects? Aren't Almasi, GenAfrica, Two Rivers, etc projects/inventory? Why are people expecting Centum to operate like a bank with its assets being actual cash? Company is profitable, NAV is juicy, dividends are coming in, and it's about to be debt free. That it can buy a business, improve on it and sell it at a massive profit, just shows how resourceful the management is. We're happy passengers in this bus.
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Spikes		#30 Posted : Thursday, June 13, 2019 11:24:27 AM
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa		rwitre wrote: VituVingiSana wrote: the deal wrote: VituVingiSana wrote: the deal wrote: DSCR at 1.7X in FY 2019...it had been falling over the last 5 years...company was gonna run into a debt crisis sooner than later thus the move to sell its jewel in the crown Almasi beverages... Please post the DSCR for the past 5 years. What's a "Debt Crisis"? Thanks. DSCR FY 15-9.3x FY 16-4.5x FY 17-2.5x FY 18-3.2x FY 19-1.7x Source: Centum FY 2018 Centum would have been forced to get waivers from creditors like KQ had the DSCR dropped below 1.2x...from FY03/2019 you can see some of Centum's companies are bleeding while others are burning cash...re evaluation gains are unfortunately not cash...you need cash to pay debts thus the sale of Almasi beverages... So the next question is what did they use the cash (loans) for? Was it invested in long-term project/s? Given Centum does not produce widgets, what does Centum sell if not their projects? Aren't Almasi, GenAfrica, Two Rivers, etc projects/inventory? Why are people expecting Centum to operate like a bank with its assets being actual cash? Company is profitable, NAV is juicy, dividends are coming in, and it's about to be debt free. That it can buy a business, improve on it and sell it at a massive profit, just shows how resourceful the management is. We're happy passengers in this bus. Happy hunting passengers. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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