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411 on dividend and AGM
Ericsson
#1221 Posted : Thursday, June 16, 2022 8:46:39 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
young wrote:
VituVingiSana wrote:
FY 2022 Dividend Estimates
Some eg Centum (YE Mar 22) will likely be paid in 2022.
Some eg C&G (YE Sep 22) may pay in late 2022 or early 2023
Others eg SCBK and BAT (YE Dec 22) will pay an interim in 2022 and the final in 2023.

BAT 55 (5+50)
SCBK 20 (5+15)
C&G 2 (post-bonus)
CARB 1.50 (incl Special Dividend)
Longhorn 0.25
Centum 1.20
ABSA 1.25 (0.25+1)
Equity 5
KenyaRe 0.20
I&M 1.75
DTB 5

I will update the above as results are released.

Centum by 31 July
1H for banks + BAT by 31 Aug
Carbacid by 31 Oct
C&G by 31 Dec
KenyaRe 1H by 30 Sep
Longhorn by 30 Sep

Please add to this list dates of results release and estimates of dividends for other firms.
Also if you think my estimates are off, please indicate why and what.




Hi @VVS

Just a suggestion

Why not take the following action solely for high dividend income ?

Substitute DTB with KCB
Substitute I&M With Coop
Add Stanbic by reducing some position in Equity

REMOVE ENTIRELY
Longhorn
Kenya Re
Centum (poor performance ) and use the
proceeds to accumulate .

Some NCBA
Add more to Stanchart
Buy few EABL (Diversification)
Buy Safaricom ( At it's low now)


Above will ensure you have a better dividend
income spread and higher returns

Ideally with the right mix 10m ksh invested should yield btw 800k to 1 million ksh not miserly 450k I read about.

Ensure that the following counters have heavy weight in your portfolio for high dividend in order of importance dividend wise.

1. BAT
2 SCBK
3. NCBA
4 ABSA
5 Stanbic

Above should constitute at least 70% of your portfolio for high dividend income as their pay out ratio is the highest in NSE.


Note:- From my 18 years experience in Nairobi bourse (since 2004), capital gains is
DEAD or a WILD CHASE . Dividend income is it

Note:- I don't invest in BAT for ethical reasons but the other BIG 4 constitutes 80% of my portfolio (SCBK,NCBA,ABSA,STANBIC)
.
Be aware FY 22 COOP will return a dividend
of 1,30 to 1.50 due to improved performance (Fy 21 ksh1.00)

Asante Sana

Thank you.

I think DTB has a better chance of growth in share price than KCB. I do not trust KCB's financials and I hope Russo does a clean-up of the loan book.

I see a path for I&M to grow and I cannot see the same runway for Coop. Its mainstay are SACCOs but what happens when members (of SACCOs) need their money back? I&M never skimped on a dividend even during COVID.

I have Stanbic and Equity but the latter will grow faster thanks to DRC, TZ, UG, etc over the next 5 years. I am looking ahead.

I have ALL of the below Laughing out loudly Laughing out loudly Laughing out loudly but I am working on picking just 3 and trim the rest. SCBK has a great DY but ABSA I believe will grow its EPS and DPS faster.

Stanbic is now a pure dividend play since SAHL has stopped buying. I might sell NCBA and buy something else eg ABSA or Equity.

I love BAT. I do not encourage smoking but if you do, please use BAT products. smile

1. BAT
2 SCBK
3. NCBA
4 ABSA
5 Stanbic



Coop bank has never reduced it's dividend per share or even skipped.I&M management said they don't foresee a dividend payout of more than 30%,that is negative news and red flag.
Coop bank also has also been diversifying away from saccos.They financed Centum for Two Rivers project,lead financiers for Thika Road Mall,formed part of the syndicate lending for Kenya Pipeline project.
I&M they have lost the shine they used to have,there was a time they were position 4 in profitability,now relegated to position 7/8.
In my opinion I see better days for coop bank compared to I&M.

For DTB,I wish you the best,I don't foresee any change.They have never been generous with dividend so I see no change.
Their lending policy is also very fishy,where the share price was before was just a bubble waiting to burst.

I do not follow Coop but that's good to know some banks have been consistent dividend payers!
Equity dunga'd shareholders for 2 straight years.

On Coop vs I&M... I am #TeamI&M and I see their regional expansion will pay off better than Coop in the long run.

When was I&M #4 in PAT?

DTB needs a push. I do not expect a huge dividend but better than 3/- for FY2022. A minimum of 4/- but I think 5/-


I&M was position 4 in FY2019
Profit before tax ksh.14.6bn and PAT 10.8bn
I assume KCB, Equity and Coop were definitely ahead.

What about SCBK, NCBA and ABSA in FY19?

SCBK Ksh.12.2bn
NCBA Ksh.11.3bn
ABSA Ksh.12.3bn
There seems to be something else going on.

Perhaps the likes of ABSA & SCBK had taken large provisions that were reversed in later years. They have always been more conservative about provisioning.

DTB is an example of a bank that didn't NPL & provision adequately a few years ago and then had to in large chunks. Look at 4Q2020 and 4Q2021.

Anyway, I am comfier with I&M vs Coop for longer term EPS and Dividend growth.


And that has been the highest Profit for I&M,2021 when most banks had a good run that exceeded 2019 profit levels,I&M profit were lower than in 2019.

I&M is heavily reliant on the Indian business community ties for local and regional growth which is the weakest link.

Or strongest link.

I would argue the SACCOs are simultaneously the strongest and weakest links for Coop Bank.

Apart from SS - which is a mess - has it expanded anywhere else regionally?
Is there any runway left for expansion in Kenya?

FY20 & FY21 were affected by COVID so understandable that results were subdued. I&M isn't huge into personal/fuliza/shylocking loans but lend mostly to SMEs/businesses. I agree they can do better.



If you can do better locally why expand regionally.
Yes there is opportunity for them to expand locally,they are yet to scratch the mortgage business,they have crafted a good product for an underserved segment which I wouldn't want to divulge before they make it public.
I&M other worry is the rising NPLs for example in Suraya,Cape Holdings aka 14th Riverside,Sunset Boulevard,Highgrove village in Lower Kabete etc
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Kenyan Oracle
#1222 Posted : Monday, June 20, 2022 9:52:02 AM
Rank: Member


Joined: 5/31/2011
Posts: 250
Ericsson wrote:
Ericsson wrote:
Coop bank
Ksh.1 dividend
Book Closure:30 May 2022

Payment date 17 June 2022


Paid via EFT on Friday
You lose money chasing women, but you never lose women chasing money - NAS
cnn
#1223 Posted : Saturday, July 02, 2022 5:47:29 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
WTK final dividend..ksh 20
Ericsson
#1224 Posted : Monday, July 04, 2022 7:36:15 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
FY 2022 Dividend Estimates after reading comments

Some eg Centum (YE Mar 22) will likely be paid in 2022.
Some eg C&G (YE Sep 22) may pay in late 2022 or early 2023
Others eg SCBK and BAT (YE Dec 22) will pay an interim in 2022 and the final in 2023.

BAT 55 (5+50)
SCBK 20 (5+15)
C&G 2 post-bonus (@McGill says 2.25 but 2H has been TanoTena'd)
CARB 1.50 (incl Special Dividend)
Longhorn 0.25
Centum 1.20
ABSA 1.25 (0.25+1)
Equity 4 (from 5 after reading @ericsson's comments)
KenyaRe 0.20 (@2cents watch this space)
I&M 1.75
DTB 5

I will update the above as results are released.

Centum by 31 July
1H for banks + BAT by 31 Aug
Carbacid by 31 Oct
C&G by 31 Dec
KenyaRe 1H by 30 Sep
Longhorn by 30 Sep

Please add to this list dates of results release and estimates of dividends for other firms.
Also if you think my estimates are off, please indicate why and what.


After James Mwangi flip flopping comments that they will do share split and bonus share issues to compensate for dividend,I lower the dividend target for equity to 3
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#1225 Posted : Monday, July 04, 2022 9:19:20 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
cnn wrote:
WTK final dividend..ksh 20


Anyone with an historical analysis of this stock i.e. perfomance, dividend payments?

It looks very attractive and the weakened dollar is good for firms in export business.
Life is short. Live passionately.
VituVingiSana
#1226 Posted : Monday, July 04, 2022 9:36:28 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
FY 2022 Dividend Estimates after reading comments

Some eg Centum (YE Mar 22) will likely be paid in 2022.
Some eg C&G (YE Sep 22) may pay in late 2022 or early 2023
Others eg SCBK and BAT (YE Dec 22) will pay an interim in 2022 and the final in 2023.

BAT 55 (5+50)
SCBK 20 (5+15)
C&G 2 post-bonus (@McGill says 2.25 but 2H has been TanoTena'd)
CARB 1.50 (incl Special Dividend)
Longhorn 0.25
Centum 1.20
ABSA 1.25 (0.25+1)
Equity 4 (from 5 after reading @ericsson's comments)
KenyaRe 0.20 (@2cents watch this space)
I&M 1.75
DTB 5

I will update the above as results are released.

Centum by 31 July
1H for banks + BAT by 31 Aug
Carbacid by 31 Oct
C&G by 31 Dec
KenyaRe 1H by 30 Sep
Longhorn by 30 Sep

Please add to this list dates of results release and estimates of dividends for other firms.
Also if you think my estimates are off, please indicate why and what.


After James Mwangi flip flopping comments that they will do share split and bonus share issues to compensate for dividend,I lower the dividend target for equity to 3
That flip-flopping was not a good sign. It would have been better to have been honest about why Equity is looking to reduce the dividend vs claiming bonuses and splits are "compensation" for reducing the dividend.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
watesh
#1227 Posted : Monday, July 04, 2022 10:20:35 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
FY 2022 Dividend Estimates after reading comments

Some eg Centum (YE Mar 22) will likely be paid in 2022.
Some eg C&G (YE Sep 22) may pay in late 2022 or early 2023
Others eg SCBK and BAT (YE Dec 22) will pay an interim in 2022 and the final in 2023.

BAT 55 (5+50)
SCBK 20 (5+15)
C&G 2 post-bonus (@McGill says 2.25 but 2H has been TanoTena'd)
CARB 1.50 (incl Special Dividend)
Longhorn 0.25
Centum 1.20
ABSA 1.25 (0.25+1)
Equity 4 (from 5 after reading @ericsson's comments)
KenyaRe 0.20 (@2cents watch this space)
I&M 1.75
DTB 5

I will update the above as results are released.

Centum by 31 July
1H for banks + BAT by 31 Aug
Carbacid by 31 Oct
C&G by 31 Dec
KenyaRe 1H by 30 Sep
Longhorn by 30 Sep

Please add to this list dates of results release and estimates of dividends for other firms.
Also if you think my estimates are off, please indicate why and what.


After James Mwangi flip flopping comments that they will do share split and bonus share issues to compensate for dividend,I lower the dividend target for equity to 3
That flip-flopping was not a good sign. It would have been better to have been honest about why Equity is looking to reduce the dividend vs claiming bonuses and splits are "compensation" for reducing the dividend.


I think it's a capital ratios issue that is making them hoard dividends. They were running really thin last year after the spike in deposits
watesh
#1228 Posted : Monday, July 04, 2022 10:49:41 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
Equity Group dividends are in via EFT
cnn
#1229 Posted : Monday, July 04, 2022 11:16:05 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
sparkly wrote:
cnn wrote:
WTK final dividend..ksh 20


Anyone with an historical analysis of this stock i.e. perfomance, dividend payments?

It looks very attractive and the weakened dollar is good for firms in export business.

I have held it for more than a decade,no regrets on the dividend front.
VituVingiSana
#1230 Posted : Monday, July 04, 2022 6:59:42 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
cnn wrote:
sparkly wrote:
cnn wrote:
WTK final dividend..ksh 20


Anyone with an historical analysis of this stock i.e. perfomance, dividend payments?

It looks very attractive and the weakened dollar is good for firms in export business.

I have held it for more than a decade,no regrets on the dividend front.
My dividends since 2012 have exceeded what I paid for the shares!

I expect another 20/- for FY23 but the risk of expropriating their farms remains.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
DtheK
#1231 Posted : Tuesday, July 05, 2022 12:27:15 PM
Rank: Member


Joined: 2/15/2010
Posts: 129
Location: Kenya
sparkly wrote:
cnn wrote:
WTK final dividend..ksh 20


Anyone with an historical analysis of this stock i.e. perfomance, dividend payments?

It looks very attractive and the weakened dollar is good for firms in export business.

Here you go Rich data WTK
Ericsson
#1232 Posted : Tuesday, July 05, 2022 8:44:17 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
KCB dividend ndani
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
My 2 cents
#1233 Posted : Tuesday, July 05, 2022 9:06:35 PM
Rank: Veteran


Joined: 6/2/2010
Posts: 1,066
Ericsson wrote:
KCB dividend ndani


These companies that pay dividends in July for FY December....poor cash planning.
Ericsson
#1234 Posted : Thursday, July 07, 2022 12:20:32 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
FY 2022 Dividend Estimates
Some eg Centum (YE Mar 22) will likely be paid in 2022.
Some eg C&G (YE Sep 22) may pay in late 2022 or early 2023
Others eg SCBK and BAT (YE Dec 22) will pay an interim in 2022 and the final in 2023.

BAT 55 (5+50)
SCBK 20 (5+15)
C&G 2 (post-bonus)
CARB 1.50 (incl Special Dividend)
Longhorn 0.25
Centum 1.20
ABSA 1.25 (0.25+1)
Equity 5
KenyaRe 0.20
I&M 1.75
DTB 5

I will update the above as results are released.

Centum by 31 July
1H for banks + BAT by 31 Aug
Carbacid by 31 Oct
C&G by 31 Dec
KenyaRe 1H by 30 Sep
Longhorn by 30 Sep

Please add to this list dates of results release and estimates of dividends for other firms.
Also if you think my estimates are off, please indicate why and what.


Centum I don't see them paying dividend this year.The Sidian sale transaction happened after close of FY22.
The full year results to be released in July will be a widened loss compared to HY.

Equity at best ksh.3.50-4,working with 30% dividend payout.
On Centum, I disagree, the blowback will be huge if they do not pay a dividend for FY22. The DPP is at least 1.20 and they didn't follow through last year. The share price touched 9.40 today.

On Equity, they will want to beat FY21 but I agree there is a lot of pressure on retaining funds. That said DRC is mostly a $ market and that will translate well into KES profits. Will they have leeway to distribute is another matter.



Centum share price at the current levels is factoring no dividend come release of end of year results next month so I don't expect a huge blowback


Centum Real Estate issues a profit warning.
Centum FY results due out this week.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#1235 Posted : Thursday, July 07, 2022 2:11:48 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
FY 2022 Dividend Estimates
Some eg Centum (YE Mar 22) will likely be paid in 2022.
Some eg C&G (YE Sep 22) may pay in late 2022 or early 2023
Others eg SCBK and BAT (YE Dec 22) will pay an interim in 2022 and the final in 2023.

BAT 55 (5+50)
SCBK 20 (5+15)
C&G 2 (post-bonus)
CARB 1.50 (incl Special Dividend)
Longhorn 0.25
Centum 1.20
ABSA 1.25 (0.25+1)
Equity 5
KenyaRe 0.20
I&M 1.75
DTB 5

I will update the above as results are released.

Centum by 31 July
1H for banks + BAT by 31 Aug
Carbacid by 31 Oct
C&G by 31 Dec
KenyaRe 1H by 30 Sep
Longhorn by 30 Sep

Please add to this list dates of results release and estimates of dividends for other firms.
Also if you think my estimates are off, please indicate why and what.


Centum I don't see them paying dividend this year.The Sidian sale transaction happened after close of FY22.
The full year results to be released in July will be a widened loss compared to HY.

Equity at best ksh.3.50-4,working with 30% dividend payout.
On Centum, I disagree, the blowback will be huge if they do not pay a dividend for FY22. The DPP is at least 1.20 and they didn't follow through last year. The share price touched 9.40 today.

On Equity, they will want to beat FY21 but I agree there is a lot of pressure on retaining funds. That said DRC is mostly a $ market and that will translate well into KES profits. Will they have leeway to distribute is another matter.



Centum share price at the current levels is factoring no dividend come release of end of year results next month so I don't expect a huge blowback


Centum Real Estate issues a profit warning.
Centum FY results due out this week.


Has the parent company (Centum Investments) issued one or does it mean that the losses at Centum Re will be absorbed by other arms?
Life is short. Live passionately.
VituVingiSana
#1236 Posted : Thursday, July 07, 2022 6:17:08 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
sparkly wrote:
Ericsson wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
FY 2022 Dividend Estimates
Some eg Centum (YE Mar 22) will likely be paid in 2022.
Some eg C&G (YE Sep 22) may pay in late 2022 or early 2023
Others eg SCBK and BAT (YE Dec 22) will pay an interim in 2022 and the final in 2023.

BAT 55 (5+50)
SCBK 20 (5+15)
C&G 2 (post-bonus)
CARB 1.50 (incl Special Dividend)
Longhorn 0.25
Centum 1.20
ABSA 1.25 (0.25+1)
Equity 5
KenyaRe 0.20
I&M 1.75
DTB 5

I will update the above as results are released.

Centum by 31 July
1H for banks + BAT by 31 Aug
Carbacid by 31 Oct
C&G by 31 Dec
KenyaRe 1H by 30 Sep
Longhorn by 30 Sep

Please add to this list dates of results release and estimates of dividends for other firms.
Also if you think my estimates are off, please indicate why and what.


Centum I don't see them paying dividend this year.The Sidian sale transaction happened after close of FY22.
The full year results to be released in July will be a widened loss compared to HY.

Equity at best ksh.3.50-4,working with 30% dividend payout.
On Centum, I disagree, the blowback will be huge if they do not pay a dividend for FY22. The DPP is at least 1.20 and they didn't follow through last year. The share price touched 9.40 today.

On Equity, they will want to beat FY21 but I agree there is a lot of pressure on retaining funds. That said DRC is mostly a $ market and that will translate well into KES profits. Will they have leeway to distribute is another matter.



Centum share price at the current levels is factoring no dividend come release of end of year results next month so I don't expect a huge blowback


Centum Real Estate issues a profit warning.
Centum FY results due out this week.


Has the parent company (Centum Investments) issued one or does it mean that the losses at Centum Re will be absorbed by other arms?
If CICP is to issue a PW then it will would be after CRE.

The 25+% reduction in PAT of CRE may have been partially offset by increased income/dividends eg Longhorn, Sidian, Isuzu, etc.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#1237 Posted : Thursday, July 07, 2022 6:27:53 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
FY 2022 Dividend Estimates
Some eg Centum (YE Mar 22) will likely be paid in 2022.
Some eg C&G (YE Sep 22) may pay in late 2022 or early 2023
Others eg SCBK and BAT (YE Dec 22) will pay an interim in 2022 and the final in 2023.

BAT 55 (5+50)
SCBK 20 (5+15)
C&G 2 (post-bonus)
CARB 1.50 (incl Special Dividend)
Longhorn 0.25
Centum 1.20
ABSA 1.25 (0.25+1)
Equity 5
KenyaRe 0.20
I&M 1.75
DTB 5

I will update the above as results are released.

Centum by 31 July
1H for banks + BAT by 31 Aug
Carbacid by 31 Oct
C&G by 31 Dec
KenyaRe 1H by 30 Sep
Longhorn by 30 Sep

Please add to this list dates of results release and estimates of dividends for other firms.
Also if you think my estimates are off, please indicate why and what.


Centum I don't see them paying dividend this year.The Sidian sale transaction happened after close of FY22.
The full year results to be released in July will be a widened loss compared to HY.

Equity at best ksh.3.50-4,working with 30% dividend payout.
On Centum, I disagree, the blowback will be huge if they do not pay a dividend for FY22. The DPP is at least 1.20 and they didn't follow through last year. The share price touched 9.40 today.

On Equity, they will want to beat FY21 but I agree there is a lot of pressure on retaining funds. That said DRC is mostly a $ market and that will translate well into KES profits. Will they have leeway to distribute is another matter.



Centum share price at the current levels is factoring no dividend come release of end of year results next month so I don't expect a huge blowback


Centum Real Estate issues a profit warning.
Centum FY results due out this week.


Has the parent company (Centum Investments) issued one or does it mean that the losses at Centum Re will be absorbed by other arms?
If CICP is to issue a PW then it will would be after CRE.

The 25+% reduction in PAT of CRE may have been partially offset by increased income/dividends eg Longhorn, Sidian, Isuzu, etc.


Let's wait and see the details when they release FY results in 2-3 weeks time
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
sparkly
#1238 Posted : Thursday, July 07, 2022 7:06:02 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
FY 2022 Dividend Estimates
Some eg Centum (YE Mar 22) will likely be paid in 2022.
Some eg C&G (YE Sep 22) may pay in late 2022 or early 2023
Others eg SCBK and BAT (YE Dec 22) will pay an interim in 2022 and the final in 2023.

BAT 55 (5+50)
SCBK 20 (5+15)
C&G 2 (post-bonus)
CARB 1.50 (incl Special Dividend)
Longhorn 0.25
Centum 1.20
ABSA 1.25 (0.25+1)
Equity 5
KenyaRe 0.20
I&M 1.75
DTB 5

I will update the above as results are released.

Centum by 31 July
1H for banks + BAT by 31 Aug
Carbacid by 31 Oct
C&G by 31 Dec
KenyaRe 1H by 30 Sep
Longhorn by 30 Sep

Please add to this list dates of results release and estimates of dividends for other firms.
Also if you think my estimates are off, please indicate why and what.


Centum I don't see them paying dividend this year.The Sidian sale transaction happened after close of FY22.
The full year results to be released in July will be a widened loss compared to HY.

Equity at best ksh.3.50-4,working with 30% dividend payout.
On Centum, I disagree, the blowback will be huge if they do not pay a dividend for FY22. The DPP is at least 1.20 and they didn't follow through last year. The share price touched 9.40 today.

On Equity, they will want to beat FY21 but I agree there is a lot of pressure on retaining funds. That said DRC is mostly a $ market and that will translate well into KES profits. Will they have leeway to distribute is another matter.



Centum share price at the current levels is factoring no dividend come release of end of year results next month so I don't expect a huge blowback


Centum Real Estate issues a profit warning.
Centum FY results due out this week.


Has the parent company (Centum Investments) issued one or does it mean that the losses at Centum Re will be absorbed by other arms?
If CICP is to issue a PW then it will would be after CRE.

The 25+% reduction in PAT of CRE may have been partially offset by increased income/dividends eg Longhorn, Sidian, Isuzu, etc.


Plus Centum Capital and Nabo
Life is short. Live passionately.
Ericsson
#1239 Posted : Thursday, July 07, 2022 10:47:31 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
VituVingiSana wrote:
cnn wrote:
sparkly wrote:
cnn wrote:
WTK final dividend..ksh 20


Anyone with an historical analysis of this stock i.e. perfomance, dividend payments?

It looks very attractive and the weakened dollar is good for firms in export business.

I have held it for more than a decade,no regrets on the dividend front.
My dividends since 2012 have exceeded what I paid for the shares!

I expect another 20/- for FY23 but the risk of expropriating their farms remains.


That is the spirit,a counter whose dividend returns your invested amount in less than 10 years.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#1240 Posted : Friday, July 08, 2022 7:13:23 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Safaricom
Dividend book closure 29 July 2022
Payment date 31 August 2022
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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