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Centum HY 2016 profit up 55% comprehensive income down 76%
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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sparkly wrote:target1360 wrote:sparkly wrote:target1360 wrote:if you dont trust management then dont bother buying a company's stock. The Centum dilemma... You know the DJ is a jangili ... but you also know that he gets a good return for his shareholders... as long as interests are aligned. @target1360 what stocks are you invested in? b.a.t,e.a.b.l, nic,unga,kcb,safcom, and my achilles heel is kenre! i also hold cfc stanbic since since it is my banker for stocks and transactions/savings Bear proof portfolio, good one. It is my first filter for stocks, management. If I don't trust I don't even evalua the stock. Interesting, the only share I don't want to buy/ have from that list is kenre and maybe Unga( not coz of management issues on Unga) The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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Aguytrying wrote:sparkly wrote:target1360 wrote:sparkly wrote:target1360 wrote:if you dont trust management then dont bother buying a company's stock. The Centum dilemma... You know the DJ is a jangili ... but you also know that he gets a good return for his shareholders... as long as interests are aligned. @target1360 what stocks are you invested in? b.a.t,e.a.b.l, nic,unga,kcb,safcom, and my achilles heel is kenre! i also hold cfc stanbic since since it is my banker for stocks and transactions/savings Bear proof portfolio, good one. It is my first filter for stocks, management. If I don't trust I don't even evalua the stock. Interesting, the only share I don't want to buy/ have from that list is kenre and maybe Unga( not coz of management issues on Unga) my investment approach is very close to that of @aguytrying. I find satisfaction in owning great business,not trading them
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Aguytrying wrote:sparkly wrote:target1360 wrote:sparkly wrote:target1360 wrote:if you dont trust management then dont bother buying a company's stock. The Centum dilemma... You know the DJ is a jangili ... but you also know that he gets a good return for his shareholders... as long as interests are aligned. @target1360 what stocks are you invested in? b.a.t,e.a.b.l, nic,unga,kcb,safcom, and my achilles heel is kenre! i also hold cfc stanbic since since it is my banker for stocks and transactions/savings Bear proof portfolio, good one. It is my first filter for stocks, management. If I don't trust I don't even evalua the stock. Interesting, the only share I don't want to buy/ have from that list is kenre and maybe Unga( not coz of management issues on Unga) Why not KenRe [except the 60% GoK ownership] and Unga? I'd like to hear your thoughts. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Centum seeks more shares of Coca-Cola bottling firms (Almasi) http://www.businessdaily.../-/uktig9z/-/index.html
I like James Mworia. He is a smart guy. Warren Buffett likes Coca Cola since it is firm that makes & distributes products that cost little to manufacture and are 'addictive' coz of the sugar! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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VituVingiSana wrote:Centum seeks more shares of Coca-Cola bottling firms (Almasi) http://www.businessdaily.../-/uktig9z/-/index.html
I like James Mworia. He is a smart guy. Warren Buffett likes Coca Cola since it is firm that makes & distributes products that cost little to manufacture and are 'addictive' coz of the sugar! i wish there way that an individual can buy into coca cola business without buying into a dj company I find satisfaction in owning great business,not trading them
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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target1360 wrote:VituVingiSana wrote:Centum seeks more shares of Coca-Cola bottling firms (Almasi) http://www.businessdaily.../-/uktig9z/-/index.html
I like James Mworia. He is a smart guy. Warren Buffett likes Coca Cola since it is firm that makes & distributes products that cost little to manufacture and are 'addictive' coz of the sugar! i wish there way that an individual can buy into coca cola business without buying into a dj company Met the mworia guy sometime last week at nakumatt prestige with his two boys. Very down to earth guy. Dressed simple and buying simple stuff.not taking a plane to Dubai to buy just bread.on a serious note I think dj saw something good and smart in the guy.but I still don't trust dj .he is a big shafter ,I agree with @targe1360
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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enyands wrote:target1360 wrote:VituVingiSana wrote:Centum seeks more shares of Coca-Cola bottling firms (Almasi) http://www.businessdaily.../-/uktig9z/-/index.html
I like James Mworia. He is a smart guy. Warren Buffett likes Coca Cola since it is firm that makes & distributes products that cost little to manufacture and are 'addictive' coz of the sugar! i wish there way that an individual can buy into coca cola business without buying into a dj company Met the mworia guy sometime last week at nakumatt prestige with his two boys. Very down to earth guy. Dressed simple and buying simple stuff.not taking a plane to Dubai to buy just bread.on a serious note I think dj saw something good and smart in the guy.but I still don't trust dj .he is a big shafter ,I agree with @targe1360 If only one can get one's hands on shares of 'Almasi' [51% owned by Centum] or even better shares in Nairobi Bottlers [28% owned by Centum]. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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If they were focussed on such ventures like Almasi,General Motors,Nairobi Bottlers,quoted equity,corporate bonds and government tbills and bonds this would be a gem stone company. The over ambitious venture into real estate and power is where they goofed since this are very capital intensive projects which Centum lacks. Two Rivers Mall now stalling is an example Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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Ericsson wrote:If they were focussed on such ventures like Almasi,General Motors,Nairobi Bottlers,quoted equity,corporate bonds and government tbills and bonds this would be a gem stone company.
The over ambitious venture into real estate and power is where they goofed since this are very capital intensive projects which Centum lacks.
Two Rivers Mall now stalling is an example Centum shold be on a Bull run at this moment. The price should be atleast 78 by now.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Realtreaty wrote:Ericsson wrote:If they were focussed on such ventures like Almasi,General Motors,Nairobi Bottlers,quoted equity,corporate bonds and government tbills and bonds this would be a gem stone company.
The over ambitious venture into real estate and power is where they goofed since this are very capital intensive projects which Centum lacks.
Two Rivers Mall now stalling is an example Centum shold be on a Bull run at this moment. The price should be atleast 78 by now. what are you saying?Iam waiting to buy at 40 "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 12/4/2009 Posts: 10,699 Location: NAIROBI
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@Realtreaty Hiyo ni ndoto not any time soon. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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VituVingiSana wrote:Aguytrying wrote:sparkly wrote:target1360 wrote:sparkly wrote:target1360 wrote:if you dont trust management then dont bother buying a company's stock. The Centum dilemma... You know the DJ is a jangili ... but you also know that he gets a good return for his shareholders... as long as interests are aligned. @target1360 what stocks are you invested in? b.a.t,e.a.b.l, nic,unga,kcb,safcom, and my achilles heel is kenre! i also hold cfc stanbic since since it is my banker for stocks and transactions/savings Bear proof portfolio, good one. It is my first filter for stocks, management. If I don't trust I don't even evalua the stock. Interesting, the only share I don't want to buy/ have from that list is kenre and maybe Unga( not coz of management issues on Unga) Why not KenRe [except the 60% GoK ownership] and Unga? I'd like to hear your thoughts. On Kenre its purely about Gava shareholding. On Unga, no real reason, there are other manufacturing stocks that i prefer. the likes of ARM, FTGH and crown. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:sparkly wrote:target1360 wrote:sparkly wrote:target1360 wrote:if you dont trust management then dont bother buying a company's stock. The Centum dilemma... You know the DJ is a jangili ... but you also know that he gets a good return for his shareholders... as long as interests are aligned. @target1360 what stocks are you invested in? b.a.t,e.a.b.l, nic,unga,kcb,safcom, and my achilles heel is kenre! i also hold cfc stanbic since since it is my banker for stocks and transactions/savings Bear proof portfolio, good one. It is my first filter for stocks, management. If I don't trust I don't even evalua the stock. Interesting, the only share I don't want to buy/ have from that list is kenre and maybe Unga( not coz of management issues on Unga) Why not KenRe [except the 60% GoK ownership] and Unga? I'd like to hear your thoughts. On Kenre its purely about Gava shareholding. On Unga, no real reason, there are other manufacturing stocks that i prefer. the likes of ARM, FTGH and crown. I thought long & hard about KenRe. Yes, like you the GoK shareholding is worrisome. My one exception but if the CEO is fired or leaves [or I hear something isn't kosher] so does @VVS. Unga - Fair enough. I am looking at FTGH as well. ARM, I am waiting until after we know the terms of the 'new' investment. Crown - I missed the boat but please let me know why you think it is interesting. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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target1360 wrote:if you dont trust management then dont bother buying a company's stock. I have a friend who made a cool 60 M when he exited at 65 after buying sub 25.Since the dj is shady, the returns will always be great if you time your entry n exit well.
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:sparkly wrote:target1360 wrote:sparkly wrote:target1360 wrote:if you dont trust management then dont bother buying a company's stock. The Centum dilemma... You know the DJ is a jangili ... but you also know that he gets a good return for his shareholders... as long as interests are aligned. @target1360 what stocks are you invested in? b.a.t,e.a.b.l, nic,unga,kcb,safcom, and my achilles heel is kenre! i also hold cfc stanbic since since it is my banker for stocks and transactions/savings Bear proof portfolio, good one. It is my first filter for stocks, management. If I don't trust I don't even evalua the stock. Interesting, the only share I don't want to buy/ have from that list is kenre and maybe Unga( not coz of management issues on Unga) Why not KenRe [except the 60% GoK ownership] and Unga? I'd like to hear your thoughts. On Kenre its purely about Gava shareholding. On Unga, no real reason, there are other manufacturing stocks that i prefer. the likes of ARM, FTGH and crown. I thought long & hard about KenRe. Yes, like you the GoK shareholding is worrisome. My one exception but if the CEO is fired or leaves [or I hear something isn't kosher] so does @VVS. Unga - Fair enough. I am looking at FTGH as well. ARM, I am waiting until after we know the terms of the 'new' investment. Crown - I missed the boat but please let me know why you think it is interesting. i expect people to continue eating their Jogoo maize floor in the fore see able future.Plus i like the Ndegwa s management at Nic/icea Am still studying Ftg though is been public for quite a short period. A.r.m has too much debt. They are able to manage debt well but one day a fool may run the company. crown-nothing interesting there. I find satisfaction in owning great business,not trading them
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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whiteowl wrote:target1360 wrote:if you dont trust management then dont bother buying a company's stock. I have a friend who made a cool 60 M when he exited at 65 after buying sub 25.Since the dj is shady, the returns will always be great if you time your entry n exit well. very true. But swimming naked is risky,you never know when the tide will hit! I find satisfaction in owning great business,not trading them
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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target1360 wrote:VituVingiSana wrote:Aguytrying wrote:VituVingiSana wrote:Aguytrying wrote:sparkly wrote:target1360 wrote:sparkly wrote:target1360 wrote:if you dont trust management then dont bother buying a company's stock. The Centum dilemma... You know the DJ is a jangili ... but you also know that he gets a good return for his shareholders... as long as interests are aligned. @target1360 what stocks are you invested in? b.a.t,e.a.b.l, nic,unga,kcb,safcom, and my achilles heel is kenre! i also hold cfc stanbic since since it is my banker for stocks and transactions/savings Bear proof portfolio, good one. It is my first filter for stocks, management. If I don't trust I don't even evalua the stock. Interesting, the only share I don't want to buy/ have from that list is kenre and maybe Unga( not coz of management issues on Unga) Why not KenRe [except the 60% GoK ownership] and Unga? I'd like to hear your thoughts. On Kenre its purely about Gava shareholding. On Unga, no real reason, there are other manufacturing stocks that i prefer. the likes of ARM, FTGH and crown. I thought long & hard about KenRe. Yes, like you the GoK shareholding is worrisome. My one exception but if the CEO is fired or leaves [or I hear something isn't kosher] so does @VVS. Unga - Fair enough. I am looking at FTGH as well. ARM, I am waiting until after we know the terms of the 'new' investment. Crown - I missed the boat but please let me know why you think it is interesting. i expect people to continue eating their Jogoo maize floor in the fore see able future.Plus i like the Ndegwa s management at Nic/icea Am still studying Ftg though is been public for quite a short period. A.r.m has too much debt. They are able to manage debt well but one day a fool may run the company. crown-nothing interesting there. @VVS im yet to invest in crown myself valuation keeps me off. I like their dominant position in the market, or should i say the industry doesn't have stiff competition. And paint will be used as long as there are roads and houses to be built and maintained. I find the management serious and consistent. I had thought the bonus issue and the profit dip last year would crater the price for me to get in but, NO. my entry is around 30.00-20.00 share defying gravity in 2015. @target. Those are my fears in ARM and what kept me away in the beginning. I wonder if at some point they will reduce their debt levels, surely growth cant go on at the high pace forever? Anyway at a certain price i like ARM, but i agree too much DEBT The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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The very smart James Mworia is at it again. http://www.businessdaily...-/105t68sz/-/index.html Centum sells part of Two Rivers to Old Mutual. This cash can be used to reduce debt and fund new projects! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/14/2014 Posts: 288 Location: nairobi
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They create hype then jump out and usual leave south africans in! I find satisfaction in owning great business,not trading them
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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target1360 wrote:They create hype then jump out and usual leave south africans in! @VVS you jeopardise your expectations if you jump in while there is a lot of market frenzy about Two Rivers mall and financial muscle of Old Mutual. ...And not forgetting the fact that CK DJ is a big shafter in town. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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