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Centum half year pre-tax profit up 800 percent
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Surealligator
#1 Posted : Tuesday, November 23, 2010 9:07:28 AM
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Joined: 6/27/2008
Posts: 709
Location: Velayat-e Faryab
What does the word Centum stand for according to the group (not google).

what is the announcement today? Somebody, share the data please.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own
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muganda
#2 Posted : Tuesday, November 23, 2010 9:22:29 AM
Rank: Elder


Joined: 9/15/2006
Posts: 3,906
Centum half year pre-tax profit up 800 percent

Centum remained firmly on a growth path to register a record 867 per cent rise in half year pre -tax profit.

Unaudited results for the six month period ending September 30 2010 showed that Centum Investment’s company profit before tax was Kshs. 760 million compared to Kshs. 80 million in the previous period.

improvement in investment income from both the Private Equity and Real Estate business lines:
Income 969m up from 303m
New Investments 2.6b up from 1.2b
Diluted EPS 1.4

Read more
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Bugatti
#3 Posted : Tuesday, November 23, 2010 9:30:45 AM
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Joined: 10/14/2010
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Location: Nairobi Kenya
@Muganda=Have they declared interim dividend?
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Aguytrying
#4 Posted : Tuesday, November 23, 2010 9:36:44 AM
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what does this potend for the share?
The investor's chief problem - and even his worst enemy - is likely to be himself
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muganda
#5 Posted : Tuesday, November 23, 2010 9:38:21 AM
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No dividend until 2014. They are doing a Berkshire Hathaway...

Half Year 2010-2011 Financial Report
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My 2 cents
#6 Posted : Tuesday, November 23, 2010 9:44:54 AM
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Joined: 6/2/2010
Posts: 1,075
muganda wrote:
No dividend until 2014. They are doing a Berkshire Hathaway...

Half Year 2010-2011 Financial Report



You are seriously comparing Centum with Berkshire Hathaway. Try a local example......say, National Bank smile
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muganda
#7 Posted : Tuesday, November 23, 2010 9:48:43 AM
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@My 2 cents, go easy smile
I was only referring to Berkshire Hathaway's belief, being an investment company, that money should always be reinvested to growth net value of asset instead of being paid out as frequently happens in Kenya.

On another note page 10, sectoral information, shows rates of return for business lines: quoted equity, private equity, real estate infrastructure...
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ProverB
#8 Posted : Tuesday, November 23, 2010 9:49:07 AM
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Joined: 3/12/2010
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My 2 cents wrote:
muganda wrote:
No dividend until 2014. They are doing a Berkshire Hathaway...

Half Year 2010-2011 Financial Report



You are seriously comparing Centum with Berkshire Hathaway. Try a local example......say, National Bank smile


..he is not comparing..
centum seems to emulate berkshire on this particular action..no dividend yet.
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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mv_ufanisi
#9 Posted : Tuesday, November 23, 2010 9:52:06 AM
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This is interesting, very!
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VituVingiSana
#10 Posted : Tuesday, November 23, 2010 9:56:47 AM
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Joined: 1/3/2007
Posts: 18,259
Location: Nairobi
My 2 cents wrote:
muganda wrote:
No dividend until 2014. They are doing a Berkshire Hathaway...

Half Year 2010-2011 Financial Report


You are seriously comparing Centum with Berkshire Hathaway. Try a local example......say, National Bank smile

Ati, chris kirubi is our Warren Buffett??? Puhleeze! Shame on you Shame on you Shame on you
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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muganda
#11 Posted : Tuesday, November 23, 2010 10:05:16 AM
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@VVS cheeky. Definitely not Kirubi but that CEO James Mworia at 32 yrs, advocate CFA CPA CIMA, having touched Transcentury...

Now now, I believe in the valour and potential of youth...
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the deal
#12 Posted : Tuesday, November 23, 2010 11:12:20 AM
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Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery

diluted Earnings Per Share (EPS) of Ksh 1.40...if they mantain this run rate forward PE is 8.2

Unaudited results for the six month period ending September 30 2010 showed that Centum Investment’s company profit before tax was Kshs. 760 million compared to Kshs. 80 million in the previous period...just like all financials this year's record profits are from a low base can they mantain the momentum into the new year?

“Even though we computed a diluted Earnings Per Share (EPS) of Ksh 1.40 for the group, we have chosen to follow our corporate strategic plan for the five year period to 2012 during which we will not be paying any dividends to our shareholders,” Centum Chief Executive Officer James Mworia noted...2012 is not far.

Centum is a strong buy it has more than 50% upside potential.
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innovator
#13 Posted : Tuesday, November 23, 2010 12:42:09 PM
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Joined: 7/24/2010
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Location: nairobi
I was going through the Fullyr statement for carbacid and i noted that centum does not feature among the 10. They must have sold the entire lot making a killing.
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alikujia
#14 Posted : Tuesday, November 23, 2010 1:53:29 PM
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muganda wrote:
@VVS cheeky. Definitely not Kirubi but that CEO James Mworia at 32 yrs, advocate CFA CPA CIMA, having touched Transcentury...

Now now, I believe in the valour and potential of youth...

mmmh, such a number man.wonderful.
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mlennyma
#15 Posted : Tuesday, November 23, 2010 2:22:15 PM
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Joined: 7/21/2010
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And so i have cancelled my sale order
"Don't let the fear of losing be greater than the excitement of winning."
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mv_ufanisi
#16 Posted : Tuesday, November 23, 2010 2:25:23 PM
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Joined: 1/15/2010
Posts: 625
Surealligator wrote:
What does the word Centum stand for according to the group (not google).

what is the announcement today? Somebody, share the data please.


Centum stands for "I'll make you rich". I still remember when I bought this baby at 12 bob early this year.
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Sure
#17 Posted : Tuesday, November 23, 2010 2:43:27 PM
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Joined: 9/9/2010
Posts: 546
Location: Garissa
mlennyma wrote:
And so i have cancelled my sale order


@Mlennyma, is the share a good buy below 24?
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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mlennyma
#18 Posted : Tuesday, November 23, 2010 3:06:21 PM
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Joined: 7/21/2010
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Why not?if you are a doubting thomas let me buy on your behalf.
"Don't let the fear of losing be greater than the excitement of winning."
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madebe
#19 Posted : Tuesday, November 23, 2010 3:33:20 PM
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@innovator

check if Rasimu has shares in carbacid
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ProverB
#20 Posted : Tuesday, November 23, 2010 6:16:55 PM
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Joined: 3/12/2010
Posts: 1,199
Location: Eastlander
innovator wrote:
I was going through the Fullyr statement for carbacid and i noted that centum does not feature among the 10. They must have sold the entire lot making a killing.


Centum is said to have bought 22.6% stake in carbacid last May 2009..(during slump in stocks..)..thus ought to be on top 10 largest shareholders of carbacid..
http://www.bloomberg.com...hSi1IM&refer=africa

rumours were they were buyin Matiba's stake in it..at that moment..and economic climate then..discussion on wazua was..

http://www.wazua.co.ke/f...aspx?g=posts&t=4415

The fact that centum does not feature in largest carbacid shareholders makes me wonder the details of the transaction..ie cost..sale..gain/loss from it..


rumor had it..MainaT hadn't confirmed..that they paid about Kshs350M for the stake..translating to about 137bob a share..


..how much did they off it at?..i see from their books they pocketed a Kshs469million gain from disposing quoted stocks..note 8..
..carbacid could be here?

ANd bytheway..I thought it is a cma requirement that when you are a major shareholder of a company and intent on selling your stock u must notify market?

--why negative cash from operations?
..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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