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Centum HY17
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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During the period the company closed an 18-month bridge facility of USD 30mn with FirstRand Bank limited .(through its Rand Merchant Bank Division) that was deployed towards funding capital investment. The gearing position is projected to trend downwards by 31 March 2017 on the basis of investment disposals that are in the pipeline. The group debt position is sh.19.327bn) Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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SA's Distell acquires controlling stake at KwalThe South African owner of Amarula and Viceroy brands is now majority owner of the Kenya Wine Agencies Ltd (Kwal) after buying out investment firm Centum in a deal estimated at Sh1 billion. Distell on Tuesday announced it has acquired Centum’s entire 26.43 per cent stake in Kwal, bringing its ownership in the wine maker and alcoholic beverages marketer to 52.43 per cent. http://www.businessdaily...7430-10out0rz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Did Centum shareholders approve this deal? [quote=Ericsson] SA's Distell acquires controlling stake at KwalThe South African owner of Amarula and Viceroy brands is now majority owner of the Kenya Wine Agencies Ltd (Kwal) after buying out investment firm Centum in a deal estimated at Sh1 billion. Distell on Tuesday announced it has acquired Centum’s entire 26.43 per cent stake in Kwal, bringing its ownership in the wine maker and alcoholic beverages marketer to 52.43 per cent. http://www.businessdaily...430-10out0rz/index.html[/quote]
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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Chaka wrote:Did Centum shareholders approve this deal? [quote=Ericsson] SA's Distell acquires controlling stake at KwalThe South African owner of Amarula and Viceroy brands is now majority owner of the Kenya Wine Agencies Ltd (Kwal) after buying out investment firm Centum in a deal estimated at Sh1 billion. Distell on Tuesday announced it has acquired Centum’s entire 26.43 per cent stake in Kwal, bringing its ownership in the wine maker and alcoholic beverages marketer to 52.43 per cent. http://www.businessdaily...430-10out0rz/index.html[/quote] DJ=Centum and Centum=DJ Centum shareholders are just spectators. Hakuna democracy huko Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Oh rearry..so can someone challenge this in court ama its a done deal? I read somewhere some wazees pronounce Centum as Tethamu.. Ericsson wrote:[quote=Chaka]Did Centum shareholders approve this deal
DJ=Centum and Centum=DJ
Centum shareholders are just spectators.
Hakuna democracy huko
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Now you know where the profits and cash to pay the hardworking Centum employees bonuses will come  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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Including the CEO? Angelica _ann wrote:Now you know where the profits and cash to pay the hardworking Centum employees bonuses will come
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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Plus debts are accruing very fast and they need the money to repay Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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And as usual sold to South Africans which DJ CK is famous for Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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Two Rivers seeks Sh2bn to fund real estate plansTwo Rivers Development Limited (TRDL), a company partly owned by investment firm Centum is seeking to raise Sh2 billion through short-term debt to fund its real estate projects. TRDL, whose other shareholders are Aviation Industry Corp of China (Avic), and the Industrial and Commercial Development Corporation, is issuing a one-year note with an interest rate offer of 14.5 per cent. Centum Investments, which owns 58 per cent of TRDL, will guarantee the note Madeni will finish Centum http://www.businessdaily...6510-hj9andz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/3/2014 Posts: 257
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Ericsson wrote:Two Rivers seeks Sh2bn to fund real estate plansTwo Rivers Development Limited (TRDL), a company partly owned by investment firm Centum is seeking to raise Sh2 billion through short-term debt to fund its real estate projects. TRDL, whose other shareholders are Aviation Industry Corp of China (Avic), and the Industrial and Commercial Development Corporation, is issuing a one-year note with an interest rate offer of 14.5 per cent. Centum Investments, which owns 58 per cent of TRDL, will guarantee the note Madeni will finish Centum http://www.businessdaily...6510-hj9andz/index.html
If it is a 1 year note why not just get it from a bank e.g. Sidian at the max rate of 14%?
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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snipermnoma wrote:Ericsson wrote:Two Rivers seeks Sh2bn to fund real estate plansTwo Rivers Development Limited (TRDL), a company partly owned by investment firm Centum is seeking to raise Sh2 billion through short-term debt to fund its real estate projects. TRDL, whose other shareholders are Aviation Industry Corp of China (Avic), and the Industrial and Commercial Development Corporation, is issuing a one-year note with an interest rate offer of 14.5 per cent. Centum Investments, which owns 58 per cent of TRDL, will guarantee the note Madeni will finish Centum http://www.businessdaily...6510-hj9andz/index.html
If it is a 1 year note why not just get it from a bank e.g. Sidian at the max rate of 14%? Core capital of Sidian Bank can't allow loan of sh.2bn to one customer Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Business Daily wrote:“The totality of TRDL was valued at Sh41 billion as at March 2016, representing an uplift of 41 times over the price paid for the land in 2011,” TRDL’s prospectus states. Can we give an applaude to Centum Employees! Sorry, I mean can we give another Billion in Cash. NAV has hit the roof folks. We can afford it from cash proceeds raised from sale of KWAL to South Aricans. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Member Joined: 1/3/2014 Posts: 257
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Ericsson wrote:snipermnoma wrote:Ericsson wrote:Two Rivers seeks Sh2bn to fund real estate plansTwo Rivers Development Limited (TRDL), a company partly owned by investment firm Centum is seeking to raise Sh2 billion through short-term debt to fund its real estate projects. TRDL, whose other shareholders are Aviation Industry Corp of China (Avic), and the Industrial and Commercial Development Corporation, is issuing a one-year note with an interest rate offer of 14.5 per cent. Centum Investments, which owns 58 per cent of TRDL, will guarantee the note Madeni will finish Centum http://www.businessdaily...6510-hj9andz/index.html
If it is a 1 year note why not just get it from a bank e.g. Sidian at the max rate of 14%? Core capital of Sidian Bank can't allow loan of sh.2bn to one customer Ok so Sidian was a stretch...I only threw their name since they are owned by Centum. The main point of my question is why a bond and not a bank? A loan would attract less interest and would also avoid the extra administrative costs of floating a bond.
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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Things are thick at Centum aka Two Rivers Even the sale of KWAL stake didn't help much Two Rivers selling land for Sh5.6bn to pay debtTwo Rivers Development Limited (TRDL), a company partly owned by investment firm Centum, plans to sell several pieces of land for Sh5.6 billion to repay a short-term debt it is seeking to fund its real estate projects. http://www.businessdaily...888140-ke06ly/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/17/2007 Posts: 53
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Centum is a very nice house, palace even, Taj Mahal-esque....but built on sand!
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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These plots sales are expected to finance the retirement of the one-year note as well as contribute to the over Sh1 billion projected profit after tax,” TRDL says in the private offer’s prospectus. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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na bado Centum haven't taken new loans to fund Amu Power.
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