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Centum pays out KSH 1 billion to employees
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enyands
#241 Posted : Friday, June 03, 2016 5:07:40 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,301
Location: kenya
streetwise wrote:
Afer all baba alisema kelele ya chura aiwezi fanya ngombe asikunywe maji.

Sasa unaona, 5 years later all the employees will be pretty rich and the share holder ..maliza senatnsi na neon inayo paa



...and the shareholders inayo paa angani kama kunguru aliyekosa mabawa.


It will be logically and ethically wrong for this DJ to dish another birrions for employees. Ill personally go protest on embassy house and sit down on the reception desk till we all share the birrions. Thank me later.
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BGL
#242 Posted : Friday, June 03, 2016 6:05:12 PM
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Joined: 10/11/2009
Posts: 1,223
Centum 2016 Full Year Financial Results Release and Investor Briefing will be held on 8th June 2016.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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enyands
#243 Posted : Friday, June 03, 2016 6:30:42 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,301
Location: kenya
BGL wrote:
Centum 2016 Full Year Financial Results Release and Investor Briefing will be held on 8th June 2016.



Oooh crap ..my worst fear being launched on 8th June . No bonus ,no dividends employees another 2 billion
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Rollout
#244 Posted : Friday, June 03, 2016 9:48:08 PM
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Joined: 4/26/2011
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It doesn't seem odd to me since you have to keep talents otherwise Centum will not be there. It's only $10M
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Aguytrying
#245 Posted : Saturday, June 04, 2016 9:59:07 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Rollout wrote:
It doesn't seem odd to me since you have to keep talents otherwise Centum will not be there. It's only $10M


Never trust a Kenyan firm that doesn't pay dividends unless ur on the table not the menu . It Is the most sincere barometer of a companies well being. Look at KQ and Mumias. Used to pay dividends now they can't.

However small, it is like a vital sign. A consistent dividend payout over the last 5 years. Thats one of my stocks choosing criteria.

But look if u trust them so much or you're on the table ignore this warning
The investor's chief problem - and even his worst enemy - is likely to be himself
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Ericsson
#246 Posted : Saturday, June 04, 2016 11:03:35 PM
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Joined: 12/4/2009
Posts: 10,778
Location: NAIROBI
@Aguytrying
I concur with you.If a company doesn't pay dividends and is making a profit is as good as dead as dodo.Even ARM pays dividends and yet it was in a growth trajectory phase plus the loans it had taken.
Small companies that joined juzi like CIC Insurance even them pay dividends.
Something just doesn't sing right with me concerning Centum.Time will tell
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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enyands
#247 Posted : Saturday, June 04, 2016 11:51:53 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ericsson wrote:
@Aguytrying
I concur with you.If a company doesn't pay dividends and is making a profit is as good as dead as dodo.Even ARM pays dividends and yet it was in a growth trajectory phase plus the loans it had taken.
Small companies that joined juzi like CIC Insurance even them pay dividends.
Something just doesn't sing right with me concerning Centum.Time will tell



Tell that to horton who bought it at 16 a piece and didn't sell when it was 65. Laughing out loudly
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Ebenyo
#248 Posted : Sunday, June 05, 2016 12:14:57 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
enyands wrote:
Ericsson wrote:
@Aguytrying
I concur with you.If a company doesn't pay dividends and is making a profit is as good as dead as dodo.Even ARM pays dividends and yet it was in a growth trajectory phase plus the loans it had taken.
Small companies that joined juzi like CIC Insurance even them pay dividends.
Something just doesn't sing right with me concerning Centum.Time will tell




Tell that to horton who bought it at 16 a piece and didn't sell when it was 65. Laughing out loudly

@enyands and @aguy,i agree with you 100 %.A robust and highly productive business is profitable and hence pays dividends and retains some for operation.Safaricom pays 80% of its earnings as dividend while retains 20% for growth and operations.Somebody is accumulating centum wealth alafu mwishowe msikie other stories like mumias,kq and transcentury.
Towards the goal of financial freedom
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Aguytrying
#249 Posted : Sunday, June 05, 2016 1:14:04 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
Ebenyo wrote:
enyands wrote:
Ericsson wrote:
@Aguytrying
I concur with you.If a company doesn't pay dividends and is making a profit is as good as dead as dodo.Even ARM pays dividends and yet it was in a growth trajectory phase plus the loans it had taken.
Small companies that joined juzi like CIC Insurance even them pay dividends.
Something just doesn't sing right with me concerning Centum.Time will tell




Tell that to horton who bought it at 16 a piece and didn't sell when it was 65. Laughing out loudly

@enyands and @aguy,i agree with you 100 %.A robust and highly productive business is profitable and hence pays dividends and retains some for operation.Safaricom pays 80% of its earnings as dividend while retains 20% for growth and operations.Somebody is accumulating centum wealth alafu mwishowe msikie other stories like mumias,kq and transcentury.


Dividend aside something doesn't sit right with me and centum.
The investor's chief problem - and even his worst enemy - is likely to be himself
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mkate_nusu
#250 Posted : Sunday, June 05, 2016 4:51:35 PM
Rank: Member


Joined: 5/30/2016
Posts: 332
Location: Kayole
enyands wrote:
harrydre wrote:
how much do they pay these directors and Mworia the CEO?

Still nothing for the shareholder? I am worried!! Something might be cooking like huko Transcentury


Bonuses and dividends were frozen for 5 years harry.that was last AGM .so 4 years to go ...I have silver handcuffs here. Don't know when to break lose. ..


Sad indeed for the shareholder.
KEGN, KPLC, KQ, SCOM
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alotoftalk
#251 Posted : Sunday, June 05, 2016 9:50:50 PM
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Joined: 8/27/2015
Posts: 138
Location: Harare
Rollout wrote:
It doesn't seem odd to me since you have to keep talents otherwise Centum will not be there. It's only $10M


The biggest problem is not the pay; is how they are being paid. Why are they getting cash while shareholders are not getting dividends. They should be paid in share options and grants vesting over 3 to 5 years; not cash.
Investment philosophy development in progress...
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jgithige
#252 Posted : Sunday, June 05, 2016 10:30:44 PM
Rank: Member


Joined: 7/10/2014
Posts: 145
Location: Nairobi
enyands wrote:
Ericsson wrote:
@Aguytrying
I concur with you.If a company doesn't pay dividends and is making a profit is as good as dead as dodo.Even ARM pays dividends and yet it was in a growth trajectory phase plus the loans it had taken.
Small companies that joined juzi like CIC Insurance even them pay dividends.
Something just doesn't sing right with me concerning Centum.Time will tell



Tell that to horton who bought it at 16 a piece and didn't sell when it was 65. Laughing out loudly


Mvumilivu hula mbivu
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Ericsson
#253 Posted : Monday, June 06, 2016 12:29:12 AM
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Joined: 12/4/2009
Posts: 10,778
Location: NAIROBI
Ideally bonuses paid should never be higher than dividend the company issues
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Horton
#254 Posted : Monday, June 06, 2016 7:32:16 AM
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Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
enyands wrote:
Ericsson wrote:
@Aguytrying
I concur with you.If a company doesn't pay dividends and is making a profit is as good as dead as dodo.Even ARM pays dividends and yet it was in a growth trajectory phase plus the loans it had taken.
Small companies that joined juzi like CIC Insurance even them pay dividends.
Something just doesn't sing right with me concerning Centum.Time will tell



Tell that to horton who bought it at 16 a piece and didn't sell when it was 65. Laughing out loudly


Laughing out loudly should have sold and rebought now hindsight is usually 20/20

Currently buying. Putting an order today
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Ericsson
#255 Posted : Monday, June 06, 2016 5:24:45 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,778
Location: NAIROBI
Centum is planning to mark to market the value of Two Rivers Mall to prop up the full year 2015/2016 profits which they will be announcing later this week.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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enyands
#256 Posted : Monday, June 06, 2016 6:37:12 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ericsson wrote:
Centum is planning to mark to market the value of Two Rivers Mall to prop up the full year 2015/2016 profits which they will be announcing later this week.



Did I read somewhere that the stake of centum in two rivers is 10% or where did I read this
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Ericsson
#257 Posted : Monday, June 06, 2016 6:53:13 PM
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Joined: 12/4/2009
Posts: 10,778
Location: NAIROBI
Yes @enyands.
The whole complex will be valued at around sh.30bn++ so centum stake will translate to about sh.3bn.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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enyands
#258 Posted : Monday, June 06, 2016 6:56:20 PM
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Joined: 12/25/2014
Posts: 2,301
Location: kenya
Ericsson wrote:
Yes @enyands.
The whole complex will be valued at around sh.30bn++ so centum stake will translate to about sh.3bn.


This is sad. Hii kelele mingi about two rivers is only 10% .thought the dude owns 50%.soon is found to be a shell company for investors.
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mkate_nusu
#259 Posted : Monday, June 06, 2016 7:35:03 PM
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Joined: 5/30/2016
Posts: 332
Location: Kayole
enyands wrote:
Ericsson wrote:
Centum is planning to mark to market the value of Two Rivers Mall to prop up the full year 2015/2016 profits which they will be announcing later this week.



Did I read somewhere that the stake of centum in two rivers is 10% or where did I read this


Pata potea. shareholder will be left high and dry
KEGN, KPLC, KQ, SCOM
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gatoho
#260 Posted : Monday, June 06, 2016 8:30:11 PM
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Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
I bought 800 at 20/-, then got a bonus, should have streamlined my pf at 65
Foresight..
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