Saw on twirra djck said if we can give employees 1b what can we not do for shareholders, watch this space he says one big happy family he says.

This is great motivation to staff to keep working hard & increasing shareholders' wealth. Keeps staff on their toes!

This is what happens when employees think that they are doing share holders a favour by increasing NAV of a company.

If they are to give bonuses, it should be capped and not a percentage of value increase.

If employees are getting bonuses of KShs 1B, sembuse Directors???? Are they waiting for dividends in 2030 like the rest of the shareholders? My head spins just from thinking of the many ways the DJ and his fellow insider Directors can screw over minority shareholders.

And how about the shareholders?

The bonuses are not new.. there was outcry in 2012 about it and it was also brought up in the AGM... and suffice it to say..it was answered and okayed by shareholders as part of strategy to motivate those whom are directly responsible for centum's shareholder wealth creation.

Please refer to annual reports and see directors' emoluments plus company salary costs and compare to past periods. check growth of overheads against overall growth of business of Centum. If there is disparity of overheads outgrowing business..like with Uchumi, KQ, Mumias, HAFR etc dump the damn thing

Every single company in the RED has at least 3 years of actual indicators in their financial reports that they will be worse off. see Uchumi, see mumias, see KQ...Infact I did the " kenyan Airways...why ignore.." 5 years ago and shit finally came home to roost.

you might try hide stuff but gaps will be evident in books.

so far all people are going on about is "1 billion in bonuses to employees"... i never thought analysts make decisions based on a journalist's interpretation of facts.

Please point out from financials of Centum what is wrong and we can decide from there.

Looking at publicly quoted companies, is Centum the best in terms of growing shareholders wealth?? No. The fellows working at Centum, what is their job definition? Increase shareholders wealth! That is what they are paid to do. 8 to 5! And if they increase it by 25% the have hit the target?? Seriously?? That is very easy to do. Even with eyes closed! Especially when dealing with land. Buy a huge piece of land, put tarmacked roads, drainage, street lighting and other amenities and sell the plots at triple the cost. Heck, put up apartments for sale on part of the land. Or sell the land in phases. Phase I - thrice the cost. After people start building, phase II - Double price of phase I - That is six times the cost!!!

@ProverB i don't think we are on the same page here. Let me try to explain it slowly but if I fail to make an impression on you, let each of us carry on in our blissful ignorance.

Here goes...

The company is theoretically a distinct legal person, separate from the owners.

However, since a company is inanimate, it has to act through managers (also called directors) who are the strategic drivers. Directors in turn achieve tactical and operational objectives through employees (also known as staff).

It is not uncommon for directors to do business with or on behalf of a company with third parties. To protect other owners (shareholders), the directors are supposed to act in the best interests of the company and disclose all dealings with or on behalf of the company especially if they result in a BENEFIT to the director(s).

Naturally directors have more control over the affairs and assets of a company than the staff. It is expected that directors will want to reward themselves more than they do the staff.

While staff rewards always show up in the financials (unless in cases of theft/fraud by staff), directors rewards will include undisclosed dealings with the company or FOR the company resulting in benefits to the directors.

Now to the point... Are Centum directors happy to pay KShs 1B in bonuses to staff while buying into the growth in NAV narrative or are they secretly doing business with and on behalf of the company and making hard cash while other shareholders await dividends after 15 years?