They hold the carbacide shares through Rasimu Ltd a subsidiary of theirs. and they own20.89% or 7,098,974 shares so that gain couldn't be from Carbacid Investements Ltd.

About the negative cash flow from operations, i think you should neglect that because its treated in the notes as there's a gain in disposal of equity holdings.

Kudos to James. He has a vision for Centum and he is focussed on delivering value. The patient ones will reap big in this thing

@msimon, guru.. Thanx

"...Last year the company through Rasimu Limited — a wholly owned subsidiary — invested Sh350 million for 22.6 per cent stake in listed gas-maker Carbacid that earned the company the single largest dividend income of Sh327 million from the quoted equity business line..."
http://www.businessdaily.../-/135fq1f/-/index.html

On other news..they cut down on their quoted stocks holdings.. hence the incredible growth in PBT..Gains on Disposal..that is largely a one off thing.. so don't expect the same next year...however..the dividend is sssswwweeeeettt!!! warrrrr!
.

bytheway..them idiots have recouped their investment within a year just thro the didvidend??? damnn! Matiba must be cursing.


@guru... real estate..where its at..conservative move..hope the upuuzi about "real estate bubble" is just that..upuuzi.
..otherwise..love their prime land acquisitions..though i'm sure they paid quite handsomely for them..compared to had they thought of it in 2008-2009.
"...more than Sh2.5 billion investment in the purchase of two parcels of land through Closeburn Estate Limited where it acquired 100 acres in Runda, and Pearl Marina where it has acquired more than 200 acres in Entebbe, Uganda...."

Yeah yeah, the results were marvelous....anybody care to tell us what this means for the share in question. thanks.

Yeah, i see what u are saying. Yesterday i was like...should i buy, but since i dint know much about the company, i just couldnt. need to do some homework, before jumping in, by which it might be too late...

It is an issue of how the associates are valued. In the consolidated (Group)accounts, this is done on the basis of share of net assets. For the company the Directors use their own valuation of what they reckon the associates to be worth. I would go for the more conservative valuation as per the group accounts, as this is backed by IAS rather than what is in the company. I do not agree with the Directors valuation of the associates. Still, it is a nice counter to own.