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Centum half year results 2017/2018
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VituVingiSana
#41 Posted : Tuesday, March 20, 2018 7:30:37 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Twitter @PeterMutegi

CENTUM INVESTMENTS divests from GenAfrica Asset Managers after four years, selling its 73.4 per cent stake to Kuramo Capital for an unknown amount.

Applause Applause Applause Sell the mature businesses! Look for other ventures.


I look on the contrary that it must have been a nasty year for centum.
They are disposing off weeks to end of financial year.

I doubt these sales happen "bei ya jioni" style. The buyers must have had time to do their Due Diligence. These sort of deals, esp dealing with financial firms and retirement assets, probably need sign-offs from various regulators too which takes time too.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#42 Posted : Wednesday, March 21, 2018 5:08:59 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
Centum sells stake in asset management firm
https://www.businessdail...50380-bk0lj3/index.html
The deal with Kuramo, is subject to “various” undisclosed conditions as well as approvals from the respective capital markets authorities in Kenya and Uganda as well as the Competition Authority of Kenya.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#43 Posted : Wednesday, March 21, 2018 5:35:40 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Twitter @PeterMutegi

CENTUM INVESTMENTS divests from GenAfrica Asset Managers after four years, selling its 73.4 per cent stake to Kuramo Capital for an unknown amount.

Applause Applause Applause Sell the mature businesses! Look for other ventures.


I look on the contrary that it must have been a nasty year for centum.
They are disposing off weeks to end of financial year.

I doubt these sales happen "bei ya jioni" style. The buyers must have had time to do their Due Diligence. These sort of deals, esp dealing with financial firms and retirement assets, probably need sign-offs from various regulators too which takes time too.


They need the Cash for 2 Rivers.
Life is short. Live passionately.
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Horton
#44 Posted : Wednesday, March 21, 2018 10:18:57 AM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Twitter @PeterMutegi

CENTUM INVESTMENTS divests from GenAfrica Asset Managers after four years, selling its 73.4 per cent stake to Kuramo Capital for an unknown amount.

Applause Applause Applause Sell the mature businesses! Look for other ventures.


I look on the contrary that it must have been a nasty year for centum.
They are disposing off weeks to end of financial year.

I doubt these sales happen "bei ya jioni" style. The buyers must have had time to do their Due Diligence. These sort of deals, esp dealing with financial firms and retirement assets, probably need sign-offs from various regulators too which takes time too.


They need the Cash for 2 Rivers.


Eh? For what? Two rivers is completed! And also they are a minority stake in the mall which is majority owned by OM.
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Pesa Nane
#45 Posted : Wednesday, March 21, 2018 10:30:32 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
Centum sells stake in asset management firm
https://www.businessdail...50380-bk0lj3/index.html
The deal with Kuramo, is subject to “various” undisclosed conditions as well as approvals from the respective capital markets authorities in Kenya and Uganda as well as the Competition Authority of Kenya.


Pesa Nane plans to be shilingi when he grows up.
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Angelica _ann
#46 Posted : Wednesday, March 21, 2018 11:06:01 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
This Kuroma guys are the ones who bailed out Transcentury?
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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littledove
#47 Posted : Wednesday, March 21, 2018 11:17:09 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Angelica _ann wrote:
This Kuroma guys are the ones who bailed out Transcentury?

who are these guys, they are every where, they also wanted bail out uchumi

There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Metch
#48 Posted : Wednesday, March 21, 2018 11:32:53 AM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
littledove wrote:
Angelica _ann wrote:
This Kuroma guys are the ones who bailed out Transcentury?

who are these guys, they are every where, they also wanted bail out uchumi



Its KURAMO. Another Helios type. Still waiting to see their 'grand' plan for TCL
Start!
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Ericsson
#49 Posted : Wednesday, March 21, 2018 12:29:43 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Horton wrote:
sparkly wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Twitter @PeterMutegi

CENTUM INVESTMENTS divests from GenAfrica Asset Managers after four years, selling its 73.4 per cent stake to Kuramo Capital for an unknown amount.

Applause Applause Applause Sell the mature businesses! Look for other ventures.


I look on the contrary that it must have been a nasty year for centum.
They are disposing off weeks to end of financial year.

I doubt these sales happen "bei ya jioni" style. The buyers must have had time to do their Due Diligence. These sort of deals, esp dealing with financial firms and retirement assets, probably need sign-offs from various regulators too which takes time too.


They need the Cash for 2 Rivers.


Eh? For what? Two rivers is completed! And also they are a minority stake in the mall which is majority owned by OM.


He meant loans that were taken to build Two Rivers Mall
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#50 Posted : Wednesday, March 21, 2018 12:44:22 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
Pesa Nane wrote:
VituVingiSana wrote:
Centum sells stake in asset management firm
https://www.businessdail...50380-bk0lj3/index.html
The deal with Kuramo, is subject to “various” undisclosed conditions as well as approvals from the respective capital markets authorities in Kenya and Uganda as well as the Competition Authority of Kenya.




Barium Capital ni nani?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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