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Centum 2019/2020
Ericsson
#1 Posted : Monday, August 19, 2019 9:13:43 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Centum is pleased to announce the completion of sale of our 100% stake in King Beverage Limited to Danish Brewing Company E.A Limited, a subsidiary of Bounty Global Management DWC LLC

https://pbs.twimg.com/me...rmat=jpg&name=medium
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#2 Posted : Monday, August 19, 2019 9:25:13 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
Centum is pleased to announce the completion of sale of our 100% stake in King Beverage Limited to Danish Brewing Company E.A Limited, a subsidiary of Bounty Global Management DWC LLC

https://pbs.twimg.com/me...mat=jpg&name=medium
Applause Applause Applause
https://www.youtube.com/watch?v=7hx4gdlfamo
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
littledove
#3 Posted : Monday, August 19, 2019 10:19:19 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
[quote=Ericsson]Centum is pleased to announce the completion of sale of our 100% stake in King Beverage Limited to Danish Brewing Company E.A Limited, a subsidiary of Bounty Global Management DWC LLC

https://pbs.twimg.com/me...mat=jpg&name=medium[/quote]
any figures and with comparison with valuation?
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
Ericsson
#4 Posted : Monday, August 19, 2019 10:29:15 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
littledove wrote:
[quote=Ericsson]Centum is pleased to announce the completion of sale of our 100% stake in King Beverage Limited to Danish Brewing Company E.A Limited, a subsidiary of Bounty Global Management DWC LLC

https://pbs.twimg.com/me...mat=jpg&name=medium[/quote]
any figures and with comparison with valuation?

They made a loss of ksh.370mn at disposal.
They invested sh.500mn and sold at ksh.130mn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Horton
#5 Posted : Monday, August 19, 2019 10:51:01 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
Ericsson wrote:
littledove wrote:
[quote=Ericsson]Centum is pleased to announce the completion of sale of our 100% stake in King Beverage Limited to Danish Brewing Company E.A Limited, a subsidiary of Bounty Global Management DWC LLC

https://pbs.twimg.com/me...mat=jpg&name=medium[/quote]
any figures and with comparison with valuation?

They made a loss of ksh.370mn at disposal.
They invested sh.500mn and sold at ksh.130mn



Asset fire sale?
Angelica _ann
#6 Posted : Monday, August 19, 2019 11:00:38 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Horton wrote:
Ericsson wrote:
littledove wrote:
[quote=Ericsson]Centum is pleased to announce the completion of sale of our 100% stake in King Beverage Limited to Danish Brewing Company E.A Limited, a subsidiary of Bounty Global Management DWC LLC

https://pbs.twimg.com/me...mat=jpg&name=medium[/quote]
any figures and with comparison with valuation?

They made a loss of ksh.370mn at disposal.
They invested sh.500mn and sold at ksh.130mn



Asset fire sale?



https://www.businessdail...asAMP-s58jiiz/index.html
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
VituVingiSana
#7 Posted : Monday, August 19, 2019 11:01:03 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
littledove wrote:
[quote=Ericsson]Centum is pleased to announce the completion of sale of our 100% stake in King Beverage Limited to Danish Brewing Company E.A Limited, a subsidiary of Bounty Global Management DWC LLC

https://pbs.twimg.com/me...mat=jpg&name=medium[/quote]
any figures and with comparison with valuation?

They made a loss of ksh.370mn at disposal.
They invested sh.500mn and sold at ksh.130mn
Not what one wants to hear but one can't win them all.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Angelica _ann
#8 Posted : Monday, August 19, 2019 11:31:29 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
VituVingiSana wrote:
Ericsson wrote:
littledove wrote:
[quote=Ericsson]Centum is pleased to announce the completion of sale of our 100% stake in King Beverage Limited to Danish Brewing Company E.A Limited, a subsidiary of Bounty Global Management DWC LLC

https://pbs.twimg.com/me...mat=jpg&name=medium[/quote]
any figures and with comparison with valuation?

They made a loss of ksh.370mn at disposal.
They invested sh.500mn and sold at ksh.130mn
Not what one wants to hear but one can't win them all.


Obiero amelala smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Kusadikika
#9 Posted : Tuesday, August 20, 2019 2:53:08 AM
Rank: Elder

Joined: 7/22/2008
Posts: 2,721
What is going on???!!!!

Building a war chest to buy something big?? or Seeing danger ahead and wanting to hold onto cash for now??

What would you make of it if you heard Centum is just buying dollars??
littledove
#10 Posted : Tuesday, August 20, 2019 8:29:38 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Kusadikika wrote:
What is going on???!!!!

Building a war chest to buy something big?? or Seeing danger ahead and wanting to hold onto cash for now??

What would you make of it if you heard Centum is just buying dollars??



The problem is they are now almost left with real estate which is also struggling - hfck, what next?
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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