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Centum 2019/2020
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VituVingiSana
#91 Posted : Wednesday, March 25, 2020 1:26:20 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.
Hapo, umesema ukweli but I hope he takes us along with him! Laughing out loudly Laughing out loudly Laughing out loudly I would not bet on it though.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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watesh
#92 Posted : Wednesday, March 25, 2020 9:11:58 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.
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VituVingiSana
#93 Posted : Wednesday, March 25, 2020 11:05:20 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
watesh wrote:
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.
We can also join in though it does require cash. d'oh! I would have preferred a share buyback which would increase the NAV/share for existing shareholders but the CMA doesn't like these.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#94 Posted : Wednesday, March 25, 2020 12:48:33 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
watesh wrote:
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.
We can also join in though it does require cash. d'oh! I would have preferred a share buyback which would increase the NAV/share for existing shareholders but the CMA doesn't like these.

Sell your holdings at the earliest opportunity
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#95 Posted : Thursday, March 26, 2020 6:21:59 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
watesh wrote:
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.
We can also join in though it does require cash. d'oh! I would have preferred a share buyback which would increase the NAV/share for existing shareholders but the CMA doesn't like these.

Sell your holdings at the earliest opportunity
Why?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#96 Posted : Saturday, March 28, 2020 9:24:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
watesh wrote:
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.



Let's wait and see
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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whiteowl
#97 Posted : Saturday, March 28, 2020 7:58:00 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Ericsson wrote:
watesh wrote:
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.



Let's wait and see


You can't play against the market only against other players. Let him try sinking billions and they'll be washed away as this thing heads to 10/=
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rwitre
#98 Posted : Saturday, March 28, 2020 8:18:15 PM
Rank: Member

Joined: 3/8/2018
Posts: 507
Location: Nairobi
whiteowl wrote:
Ericsson wrote:
watesh wrote:
Ericsson wrote:
After acquiring the 49.99% stake,Kirubi will then sell his stake to the highest bidder.

Or just wait for the buy back program. He is in the board so he can influence a huge chunk of cashflow to go to the buy back program at the highest price possible. Easy money for him.



Let's wait and see


You can't play against the market only against other players. Let him try sinking billions and they'll be washed away as this thing heads to 10/=


Centum is oversold.

On NAV, EPS, DPS, track record over the years, future projection- its numbers are calling for value investors to board.

Management is solid.
Diversified portfolio with easy-to-understand businesses.
CEO even has skin in the game
Largest individual shareholder is stocking up more

Top reasons for selling:
1. Shareholders looking for liquidity.
2. Panic over falling prices across the market.

The company is fundamentally sound.

Can we time the bottom? No.
Is the share insanely cheap at the moment? Yes.

Will you buy?

Keep in mind: Markets can remain irrational longer than you can remain solvent
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RIEK01
#99 Posted : Saturday, March 28, 2020 9:11:01 PM
Rank: New-farer

Joined: 2/8/2018
Posts: 73
News was designed to try and stabilize price.There are many far better companies to put your money in. Solid management ??? Sidian, Akira, Amu power & RVR investments?
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sparkly
#100 Posted : Sunday, March 29, 2020 10:54:20 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
RIEK01 wrote:
News was designed to try and stabilize price.There are many far better companies to put your money in. Solid management ??? Sidian, Akira, Amu power & RVR investments?


Centum is no longer in RVR.
Life is short. Live passionately.
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