Wazua
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Centum 2019/2020
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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 They have the capability of getting more cash/loans, if needed, for further acquisitions. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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The year is unpredictable with covid-19 effects Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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From the CEO's statement in one of the interviews, an increase is not likely this past financial year ended March 31 even before covid. Centum (the company) needs to first either get higher dividends from Two Rivers Development, Isuzu, Longhorn, Nas Servair, Sidian & Nabo Capital or complete and sell its real estate projects since they can only recognize deposits from sales as revenue once a plot owner has completed the payment, the title has been processed and the project is complete. This new financial year Sidian is back in loss territory, Longhorn already given a profit warning, Nas Servair is out of service due to no activity at the airport and real estate industry is now under significant slowdown but we wait for further information on sales esp in Vipingo and Pearl Marina since some of their constructions are close to completion.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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watesh wrote:From the CEO's statement in one of the interviews, an increase is not likely this past financial year ended March 31 even before covid. Centum (the company) needs to first either get higher dividends from Two Rivers Development, Isuzu, Longhorn, Nas Servair, Sidian & Nabo Capital or complete and sell its real estate projects since they can only recognize deposits from sales as revenue once a plot owner has completed the payment, the title has been processed and the project is complete. This new financial year Sidian is back in loss territory, Longhorn already given a profit warning, Nas Servair is out of service due to no activity at the airport and real estate industry is now under significant slowdown but we wait for further information on sales esp in Vipingo and Pearl Marina since some of their constructions are close to completion. Dividend will result from the interest of 1.2B p.a. that was servicing debt as opposed to higher profitability from investments Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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FY2021 (April 2020 - March 2021) will be very tough for Centum's existing businesses but great for acquisitions. The Long Game. 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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sparkly wrote:watesh wrote:From the CEO's statement in one of the interviews, an increase is not likely this past financial year ended March 31 even before covid. Centum (the company) needs to first either get higher dividends from Two Rivers Development, Isuzu, Longhorn, Nas Servair, Sidian & Nabo Capital or complete and sell its real estate projects since they can only recognize deposits from sales as revenue once a plot owner has completed the payment, the title has been processed and the project is complete. This new financial year Sidian is back in loss territory, Longhorn already given a profit warning, Nas Servair is out of service due to no activity at the airport and real estate industry is now under significant slowdown but we wait for further information on sales esp in Vipingo and Pearl Marina since some of their constructions are close to completion. Dividend will result from the interest of 1.2B p.a. that was servicing debt as opposed to higher profitability from investments Sounds like another 0.50 to 1/- on top of the 1.20.
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Rank: Veteran Joined: 7/1/2014 Posts: 927 Location: sky
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Horton wrote:sparkly wrote:watesh wrote:From the CEO's statement in one of the interviews, an increase is not likely this past financial year ended March 31 even before covid. Centum (the company) needs to first either get higher dividends from Two Rivers Development, Isuzu, Longhorn, Nas Servair, Sidian & Nabo Capital or complete and sell its real estate projects since they can only recognize deposits from sales as revenue once a plot owner has completed the payment, the title has been processed and the project is complete. This new financial year Sidian is back in loss territory, Longhorn already given a profit warning, Nas Servair is out of service due to no activity at the airport and real estate industry is now under significant slowdown but we wait for further information on sales esp in Vipingo and Pearl Marina since some of their constructions are close to completion. Dividend will result from the interest of 1.2B p.a. that was servicing debt as opposed to higher profitability from investments Sounds like another 0.50 to 1/- on top of the 1.20. but they sold the biggest source of income, that will also be a factor because they used to pay debt from that income 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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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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sparkly wrote:watesh wrote:From the CEO's statement in one of the interviews, an increase is not likely this past financial year ended March 31 even before covid. Centum (the company) needs to first either get higher dividends from Two Rivers Development, Isuzu, Longhorn, Nas Servair, Sidian & Nabo Capital or complete and sell its real estate projects since they can only recognize deposits from sales as revenue once a plot owner has completed the payment, the title has been processed and the project is complete. This new financial year Sidian is back in loss territory, Longhorn already given a profit warning, Nas Servair is out of service due to no activity at the airport and real estate industry is now under significant slowdown but we wait for further information on sales esp in Vipingo and Pearl Marina since some of their constructions are close to completion. Dividend will result from the interest of 1.2B p.a. that was servicing debt as opposed to higher profitability from investments There new dividend policy of 30% of cash annuity income at company level (not consolidated) means they needs dividend and interest income to go above 2.8bn. At half year 2020 it was at ksh0.6bn so for full year 2020 it may be hard to hit that but lets wait and see. The doing away with the ksh1.2bn in interest payments will lead to more earnings being retained at company level rather than bigger dividends in the short term till the top line is lifted. For a proper jump in dividends Centum Real Estate subsidiary has to pay some dividends to the parent company considering the vast majority of the assets are held by it. So far they havnt paid since projects havnt been handed over
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Rank: Elder Joined: 12/4/2009 Posts: 10,808 Location: NAIROBI
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watesh wrote:sparkly wrote:watesh wrote:From the CEO's statement in one of the interviews, an increase is not likely this past financial year ended March 31 even before covid. Centum (the company) needs to first either get higher dividends from Two Rivers Development, Isuzu, Longhorn, Nas Servair, Sidian & Nabo Capital or complete and sell its real estate projects since they can only recognize deposits from sales as revenue once a plot owner has completed the payment, the title has been processed and the project is complete. This new financial year Sidian is back in loss territory, Longhorn already given a profit warning, Nas Servair is out of service due to no activity at the airport and real estate industry is now under significant slowdown but we wait for further information on sales esp in Vipingo and Pearl Marina since some of their constructions are close to completion. Dividend will result from the interest of 1.2B p.a. that was servicing debt as opposed to higher profitability from investments There new dividend policy of 30% of cash annuity income at company level (not consolidated) means they needs dividend and interest income to go above 2.8bn. At half year 2020 it was at ksh0.6bn so for full year 2020 it may be hard to hit that but lets wait and see. The doing away with the ksh1.2bn in interest payments will lead to more earnings being retained at company level rather than bigger dividends in the short term till the top line is lifted. For a proper jump in dividends Centum Real Estate subsidiary has to pay some dividends to the parent company considering the vast majority of the assets are held by it. So far they havnt paid since projects havnt been handed over From what sources did they retire the bonf Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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