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Centum 2019/2020
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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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?? Reinvesting in real estate and leasing business Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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littledove wrote: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? Time will tell 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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sparkly wrote: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?? Reinvesting in real estate and leasing business The pessimism is good for buyers  Buffett writes that earnings gyrations “don’t bother us in the least.” After all, “Charlie (Munger) and I would much rather earn a lumpy 15 percent over time than a smooth 12 percent.”This is not a case of losses year after year after year. It's a loss in a project. Happens. The concentration of the portfolio in Real Estate may be problematic but is also an opportunity. Centum has huge holdings that can produce income, through phased sales, over time. In the meantime, I hope this news creates a buying opportunity!  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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VituVingiSana wrote:sparkly wrote: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?? Reinvesting in real estate and leasing business The pessimism is good for buyers Buffett writes that earnings gyrations “don’t bother us in the least.” After all, “Charlie (Munger) and I would much rather earn a lumpy 15 percent over time than a smooth 12 percent.”This is not a case of losses year after year after year. It's a loss in a project. Happens. The concentration of the portfolio in Real Estate may be problematic but is also an opportunity. Centum has huge holdings that can produce income, through phased sales, over time. In the meantime, I hope this news creates a buying opportunity! Real estate in Kenya is crumbling my brother. Unless the economic situation changes, time will get hard for firms like Centum. Atleast they have realized alcoholic beverages, ABL and Sidian Bank were not the best placement of capital
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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obiero wrote:VituVingiSana wrote:sparkly wrote: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?? Reinvesting in real estate and leasing business The pessimism is good for buyers Buffett writes that earnings gyrations “don’t bother us in the least.” After all, “Charlie (Munger) and I would much rather earn a lumpy 15 percent over time than a smooth 12 percent.”This is not a case of losses year after year after year. It's a loss in a project. Happens. The concentration of the portfolio in Real Estate may be problematic but is also an opportunity. Centum has huge holdings that can produce income, through phased sales, over time. In the meantime, I hope this news creates a buying opportunity! Real estate in Kenya is crumbling my brother. Unless the economic situation changes, time will get hard for firms like Centum. Atleast they have realized alcoholic beverages, ABL and Sidian Bank were not the best placement of capital Real Estate is in bad shape but after seeing the types of houses/buildings and prices on HF's website I am not surprised. Ugly. Expensive. If Centum can provide quality at fair prices then Kenyans will flock back into real estate. For now, I think Centum should take baby steps in new real estate projects. Phased approach. At the same time, I do not want Centum to be afraid of making bold moves that seem sensible. Paying off the bond/s is a good move to reduce annual cash outflow by reducing interest costs. 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:sparkly wrote: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?? Reinvesting in real estate and leasing business The pessimism is good for buyers Buffett writes that earnings gyrations “don’t bother us in the least.” After all, “Charlie (Munger) and I would much rather earn a lumpy 15 percent over time than a smooth 12 percent.”This is not a case of losses year after year after year. It's a loss in a project. Happens. The concentration of the portfolio in Real Estate may be problematic but is also an opportunity. Centum has huge holdings that can produce income, through phased sales, over time. In the meantime, I hope this news creates a buying opportunity! What new thing/approach is centum doing/taking that the others who are suffering in real estate haven't done. 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:obiero wrote:VituVingiSana wrote:sparkly wrote: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?? Reinvesting in real estate and leasing business The pessimism is good for buyers Buffett writes that earnings gyrations “don’t bother us in the least.” After all, “Charlie (Munger) and I would much rather earn a lumpy 15 percent over time than a smooth 12 percent.”This is not a case of losses year after year after year. It's a loss in a project. Happens. The concentration of the portfolio in Real Estate may be problematic but is also an opportunity. Centum has huge holdings that can produce income, through phased sales, over time. In the meantime, I hope this news creates a buying opportunity! Real estate in Kenya is crumbling my brother. Unless the economic situation changes, time will get hard for firms like Centum. Atleast they have realized alcoholic beverages, ABL and Sidian Bank were not the best placement of capital Real Estate is in bad shape but after seeing the types of houses/buildings and prices on HF's website I am not surprised. Ugly. Expensive. If Centum can provide quality at fair prices then Kenyans will flock back into real estate. For now, I think Centum should take baby steps in new real estate projects. Phased approach. At the same time, I do not want Centum to be afraid of making bold moves that seem sensible. Paying off the bond/s is a good move to reduce annual cash outflow by reducing interest costs. Paying off the bond and they took another ksh.7.4bn loan from Nedbank 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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Ericsson wrote:VituVingiSana wrote:sparkly wrote: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?? Reinvesting in real estate and leasing business The pessimism is good for buyers Buffett writes that earnings gyrations “don’t bother us in the least.” After all, “Charlie (Munger) and I would much rather earn a lumpy 15 percent over time than a smooth 12 percent.”This is not a case of losses year after year after year. It's a loss in a project. Happens. The concentration of the portfolio in Real Estate may be problematic but is also an opportunity. Centum has huge holdings that can produce income, through phased sales, over time. In the meantime, I hope this news creates a buying opportunity! What new thing/approach is centum doing/taking that the others who are suffering in real estate haven't done. IMHO, the quality and planning of their residential developments is better than many others I have seen. The pricing isn't what one would call affordable. They need to work on affordability to increase uptake. Of course, there's also a question of segmentation i.e. some people want to live in Runda regardless of "value for money" due to perception, etc. 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:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:sparkly wrote: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?? Reinvesting in real estate and leasing business The pessimism is good for buyers Buffett writes that earnings gyrations “don’t bother us in the least.” After all, “Charlie (Munger) and I would much rather earn a lumpy 15 percent over time than a smooth 12 percent.”This is not a case of losses year after year after year. It's a loss in a project. Happens. The concentration of the portfolio in Real Estate may be problematic but is also an opportunity. Centum has huge holdings that can produce income, through phased sales, over time. In the meantime, I hope this news creates a buying opportunity! Real estate in Kenya is crumbling my brother. Unless the economic situation changes, time will get hard for firms like Centum. Atleast they have realized alcoholic beverages, ABL and Sidian Bank were not the best placement of capital Real Estate is in bad shape but after seeing the types of houses/buildings and prices on HF's website I am not surprised. Ugly. Expensive. If Centum can provide quality at fair prices then Kenyans will flock back into real estate. For now, I think Centum should take baby steps in new real estate projects. Phased approach. At the same time, I do not want Centum to be afraid of making bold moves that seem sensible. Paying off the bond/s is a good move to reduce annual cash outflow by reducing interest costs. Paying off the bond and they took another ksh.7.4bn loan from Nedbank Was this recent? I went through the latest Investor Presentation and Financial Report and I think Centum is looking to pay down most of the loans (excluding ODs and some small stuff) at the Holding level including the bond and Nedbank loan by 2021. Have I made an error or misinterpreted this? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:sparkly wrote: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?? Reinvesting in real estate and leasing business The pessimism is good for buyers Buffett writes that earnings gyrations “don’t bother us in the least.” After all, “Charlie (Munger) and I would much rather earn a lumpy 15 percent over time than a smooth 12 percent.”This is not a case of losses year after year after year. It's a loss in a project. Happens. The concentration of the portfolio in Real Estate may be problematic but is also an opportunity. Centum has huge holdings that can produce income, through phased sales, over time. In the meantime, I hope this news creates a buying opportunity! Real estate in Kenya is crumbling my brother. Unless the economic situation changes, time will get hard for firms like Centum. Atleast they have realized alcoholic beverages, ABL and Sidian Bank were not the best placement of capital Real Estate is in bad shape but after seeing the types of houses/buildings and prices on HF's website I am not surprised. Ugly. Expensive. If Centum can provide quality at fair prices then Kenyans will flock back into real estate. For now, I think Centum should take baby steps in new real estate projects. Phased approach. At the same time, I do not want Centum to be afraid of making bold moves that seem sensible. Paying off the bond/s is a good move to reduce annual cash outflow by reducing interest costs. Paying off the bond and they took another ksh.7.4bn loan from Nedbank Was this recent? I went through the latest Investor Presentation and Financial Report and I think Centum is looking to pay down most of the loans (excluding ODs and some small stuff) at the Holding level including the bond and Nedbank loan by 2021. Have I made an error or misinterpreted this? The 7.4b Nedbank loan is recent and I think its the one funding Cascadia & Riverbank.
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