Wazua
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CENTUM FULL YEAR 2010/2011 RESULTS
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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youcan'tstopusnow wrote:guru, they are also planning an IPO of one of their private Equity companies, 2 exits and 1 or 2 acquisitions in Southern Africa.
Coupled with their Real Estate investments.... it must be UAP insurance that IPO is only coming in 2013 and heck I will avoid like hell...talking of their strategy of selling from the NSE I think the bear has other plans and their not pulling out of the NSE as they make people believe I.e 1H of 2010-11 they bought stocks worth Sh 1 Bln and took all their SCBK rights...thats why you see despite all the pumping the CEO did investors will have none of it...thus the wait and see approach.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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the deal, it will be earlier than 2013 The timeline for them to comply with new insurance regulations is December 2011 GOD BLESS YOUR LIFE
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:mwekez@ji wrote: That does not indicate that IFRS and GAAP allow any firm to understate or overstate its books inorder to smoothen profit. And yes I was having Centum shares under speculative holding and I am already fully out. Thinking of taking the money to Kigali but not Jubilee, unless it touches sub 160. No hard feelings ..
@erifloss; True, an informed investor should not over-rely or under-rely on audited accounts when appraising an investment. I advice on trending very carefully in companies that restate their books @mwekez@ji did you read page 77 of the study properly? I was simply providing you with what you asked.. Evidence that plenty of reputable LISTED insurance & investment firms like prudential have been overstating their losses since the beginning of accounting and hence have been complying with IFRS & GAAP fully.. What more do you want?? You asked to be taken to the river bed and now you want me to help you drink.. Jubilee has restating their books for the last 75years & will do so for 75more  @guru267, the fact that some insurance firms are restating their books does not mean that they are complying with IFRS and GAAP. The day serious forensic auditors will land in Jubilee you will know it
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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mwekez@ji wrote:@guru267, the fact that some insurance firms are restating their books does not mean that they are complying with IFRS and GAAP. The day serious forensic auditors will land in Jubilee you will know it My friend I have not much time for this argument anymore just read the data or go to the jubilee insurance center and admire the numerous management awards they have won.. Then ask yourself why the whole industry differs greatly in opinion from your position on jubilee and continues awarding it soo hansomely year after year.. Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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guru267 wrote:mwekez@ji wrote:@guru267, the fact that some insurance firms are restating their books does not mean that they are complying with IFRS and GAAP. The day serious forensic auditors will land in Jubilee you will know it My friend I have not much time for this argument anymore just read the data or go to the jubilee insurance center and admire the numerous management awards they have won.. Then ask yourself why the whole industry differs greatly in opinion from your position on jubilee and continues awarding it soo hansomely year after year.. Mate, I also choose to amicably rest this case by agreeing to disagree
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Thin supply as maximum bid currently allowed is 22.75. Above 23, and I know the asks will start streaming in! Still will be some fast cash for those who picked it up at 20.75 to 21.00 last week. (mwanahisa, just like the Mumias play you were talking about today) Books closure Friday! GOD BLESS YOUR LIFE
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CENTUM FULL YEAR 2010/2011 RESULTS
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