Sorry Berkshire Hathaway not Blackrock

Nothing positive to look forward to

CRE seems to be doing OK but the real cash will come in later as properties are completed and handed over.

Deposits and monthly payments from clients (Cascadia, Palm) are used to fund the completion of the units as well as cover expenses (staff and interest).

The cream is when the "unsold" units are sold prior or after completion. These units have been build using the "profits" from the earlier sales. Some folks will only buy completed or near-completed units after being burnt by shady developers who sell off-plan.

Suraya comes to mind. There are so many other smaller players.

Isuzu, Nabo and Longhorn will likely pay dividends.
NAS is probably bleeding given COVID's after effects and low tourism.
Sidian doesn't pay dividends according to their Annual Report since the bank is growing. It had a Rights Issue.
ACE might be losing money unless all the kids returned to school. With the economic malaise some kids may not have returned.
Greenblade was losing money due to COVID (reduced exports) but I read it is expanding so no dividends should be expected as it grows.

TRDC is a black hole. It is probably doing better now than in 2020/21 but it needs a lot of work on the mall. Also lots of empty spaces in the mall. Go upstairs. One office tower remains empty.

Real Estate development is a business that requires a lot of cash.

According to the Chairman/CEO in the Annual Report and Presentation, the dividend is paid from cash earnings from the Marketable Securities. The win over KRA released 3bn of the 7bn that was locked which will help.

I think Centum will pay a hefty dividend only after Cascadia is sold out. There are 400 units and only 57% sold as of Sep 2021. The balance of 43% need to be built and funding will be needed.

[quote=VituVingiSana]Centum to sell its stake in Sidian to Access (Nigeria) for Shs 4.3bn
https://twitter.com/Mwan...=10KQ-Nq5Z7tqsNpl0HUOug[/quote]

On a P/E basis, they got a good deal as per the current market valuations. However, they lost money overall over the 13 years despite bringing it to higher profitability than when they bought it.

The potential in the banking industry seemed so much bigger, especially with the approval of risk-based pricing and higher interest rates. Anyway if they take that money and buy KCB shares at the current market price, assuming a 30% payout, the dividends they get would be almost equal to the full year profit Sidian brought in. So better returns out there for sure.