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Christopher Kirubi buying additional Centum shares
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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King G wrote:mwekez@ji wrote:2012 wrote:Yaani one Kenyan investor can make a counter shoot up by over 20%! Interesting. I still think this is overreacting. @2012. Its not just another investors. Dr. Christopher J. Kirubi (71yrs)(largest individual investor in Centum•Dr. Christopher J. Kirubi has been a non-executive Director since December 1997, he served as Chairman of the Board between 1998 and 2003. • He is the Chairman of Centum Investment Committee. • He is a well known Kenyan industrialist with interest in FMCG, media and communications. • He is a graduate of Insead and the Harvard Business School. • He was appointed a director Harvard Business School in 2012. • He is the Chairman of DHL World Wide Express Limited, Haco Industries Kenya Limited, Kiruma International Limited, International House Limited, Nairobi Bottlers Limited, Sandvik East Africa Limited and Capital FM. • He is Non-executive director of Bayer East Africa Limited, UAP Provincial Insurance Company Limited and Beverage Services of Kenya Limited. Impresive. But dont forget Uchumi, Kenatco and others we dont know. The road to success is never smooth. Ask anyone who has succeeded in anything
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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King G wrote:Will hype the share, call wanjiku in then sale and buy again at some dip. Chris is a guru in this. So what he could be saying is sell me scom buy kcb because that demand is ridiculous.
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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mwekez@ji wrote:King G wrote:mwekez@ji wrote:2012 wrote:Yaani one Kenyan investor can make a counter shoot up by over 20%! Interesting. I still think this is overreacting. @2012. Its not just another investors. Dr. Christopher J. Kirubi (71yrs)(largest individual investor in Centum•Dr. Christopher J. Kirubi has been a non-executive Director since December 1997, he served as Chairman of the Board between 1998 and 2003. • He is the Chairman of Centum Investment Committee. • He is a well known Kenyan industrialist with interest in FMCG, media and communications. • He is a graduate of Insead and the Harvard Business School. • He was appointed a director Harvard Business School in 2012. • He is the Chairman of DHL World Wide Express Limited, Haco Industries Kenya Limited, Kiruma International Limited, International House Limited, Nairobi Bottlers Limited, Sandvik East Africa Limited and Capital FM. • He is Non-executive director of Bayer East Africa Limited, UAP Provincial Insurance Company Limited and Beverage Services of Kenya Limited. Impresive. But dont forget Uchumi, Kenatco and others we dont know. The road to success is never smooth. Ask anyone who has succeeded in anything So he says jump! We ask how high?
BBI will solve it :)
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mwekez@ji wrote:25 to turn from resistance to support¿ cc @hisah  A breakout is on the cards! Life is short. Live passionately.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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sparkly wrote:mwekez@ji wrote:25 to turn from resistance to support¿ cc @hisah A breakout is on the cards! Happened already! High of 28. Life is short. Live passionately.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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sparkly wrote:sparkly wrote:mwekez@ji wrote:25 to turn from resistance to support¿ cc @hisah A breakout is on the cards! Happened already! High of 28. Yep. Resistance taking it in the chin. 30 will print.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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I agree he must be knowing something..who remebers Centum shares at one time @950.00.
Think again...the bus went
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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streetwise wrote:I agree he must be knowing something..who remebers Centum shares at one time @950.00.
Think again...the bus went Question is why buy so much when the share is around the NAV? Why didn't he buy at 15? Wanjikus who jump into the bandwagon with him will be burn't my 2 cents. Life is short. Live passionately.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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2012 wrote:mwekez@ji wrote:King G wrote:mwekez@ji wrote:2012 wrote:Yaani one Kenyan investor can make a counter shoot up by over 20%! Interesting. I still think this is overreacting. @2012. Its not just another investors. Dr. Christopher J. Kirubi (71yrs)(largest individual investor in Centum•Dr. Christopher J. Kirubi has been a non-executive Director since December 1997, he served as Chairman of the Board between 1998 and 2003. • He is the Chairman of Centum Investment Committee. • He is a well known Kenyan industrialist with interest in FMCG, media and communications. • He is a graduate of Insead and the Harvard Business School. • He was appointed a director Harvard Business School in 2012. • He is the Chairman of DHL World Wide Express Limited, Haco Industries Kenya Limited, Kiruma International Limited, International House Limited, Nairobi Bottlers Limited, Sandvik East Africa Limited and Capital FM. • He is Non-executive director of Bayer East Africa Limited, UAP Provincial Insurance Company Limited and Beverage Services of Kenya Limited. Impresive. But dont forget Uchumi, Kenatco and others we dont know. The road to success is never smooth. Ask anyone who has succeeded in anything So he says jump! We ask how high? SMH!!!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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This thing is gone...I still dont understand why he had to announce before buying...if anything getting the shares now will be hard since everyone would want to sell at a premium...anyways he already has a substantial stake...he could be propping up his stake in the process...the only losers here are those who will buy at the top.
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Rank: New-farer Joined: 1/15/2013 Posts: 10
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King G wrote:Will hype the share, call wanjiku in then sale and buy again at some dip. Chris is a guru in this. FACT: This guy, Kirubi is playing us...see Centum FY2012 results for top 10 Shareholders link below... http://centum.co.ke/news...-statements-fy-2012-2013Opportunity Knocks Once; Temptation sleeps on the door bell
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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the deal wrote:This thing is gone...I still dont understand why he had to announce before buying...if anything getting the shares now will be hard since everyone would want to sell at a premium...anyways he already has a substantial stake...he could be propping up his stake in the process...the only losers here are those who will buy at the top. @the deal I think it is law if the company is listed! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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the deal wrote:This thing is gone...I still dont understand why he had to announce before buying...if anything getting the shares now will be hard since everyone would want to sell at a premium...anyways he already has a substantial stake...he could be propping up his stake in the process...the only losers here are those who will buy at the top. There will be a slaughter. Remember the Cocacola bottlers where Centum owns a stake owe KRA KShs 4.5B in VAT taxes. There is no way that the bottlers will win the case. Wait and see what happens when the liability crystallizes. Life is short. Live passionately.
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Rank: Member Joined: 2/8/2007 Posts: 808
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Who knows perhaps UAP is selling its shares. There is no way CK would be making this sort of announcement if there was no supply of shares in sight.
Since the law requires he discloses watch as he does the block trade.
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Rank: New-farer Joined: 9/20/2010 Posts: 79
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Dj ck again with a move that confuses us,bet yu he has insider info nd knows what he is doing.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Recently, there is a flood of TOO much good news about this Centum. Sample a few: Centum to acquire a controlling interest in Genesis Kenya Investment Management Ltd of up to 73.35% Centum also looking to venture into the lucrative power generation and distribution through their Mauritius registered subsidiary, Mvuke Power Ltd. Centum acquired 45% of Platcorp holdings, a micro lender with presence in Kenya, Uganda and Tanzania.Mid this year Centum Asset Managers Limited got CMA license for fund management.Centum undertakes ground breaking of the commercial development Two Rivers project in Runda. Kirubi builds Shs. 1 Billion war chest for Centum shares.DJ CK is even quoted as stating "There is a lot of value in Centum. If you offered me a price of Sh100 for each of Centum’s shares, I would not sell to you,” Centum Investment of Kenya Jumps to Six-Year High
Grand Slaughter / Party coming soon Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Red signal, green money... The share price gain has seen the value of Mr Kirubi’s shares in the company rise by over Sh300 million in the two days to stand at Sh4.5 billion. http://www.businessdailyafrica....2/-/hbnte7z/-/index.html
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Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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Think you are right!6% down today
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@Pesa Nane, add this to the flood of TOO much good news on Centum
Centum Associate, General Motors retains leading market share of motor vehicle sales
General Motors East Africa has retained the leading market share of brand new motor vehicle sales in Kenya. Data of motor vehicle sales for the 8 months to August 2013 show that General Motors sold 2,415 units equivalent to a 26.0% market share. The unit sales rose 8.2% y/y from a similar period in 2012. General Motors East Africa is an associate company of listed company Centum Investment through a 17.8% stake. It locally assembles commercial vehicles that it sells locally and in regional export markets including Uganda, Tanzania, Rwanda, Burundi and DRC. Listed automotive company CMC Motors recorded the 5th largest market share of motor vehicle sales at 9.0% through the sale of 791 units. CMC Motors has received a take-over offer from Dubai-based Al-Futtaim Auto & Machinery Company LLC for 100.0% of the ordinary shares in CMC Motors. Among conditions for the take-over offer are the passing of a special resolution by shareholders of CMC Motors to de-list the company from the NSE. (Source; Business Daily, Kestrel Research)
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