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Centum half year results 2017/2018
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Murenju
#81 Posted : Friday, May 11, 2018 3:29:44 PM
Rank: Member


Joined: 7/13/2006
Posts: 94
Location: Nairobi

Quick recovery to DJK. I am holding to my shares. I believe in Mworia and the diversification at senti-um. This company will surprise you in the near future!
Knock hard and it will be opened. Ask and you will be answered. Seek and you shall find.
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dsktop
#82 Posted : Friday, May 11, 2018 3:51:31 PM
Rank: Member


Joined: 12/17/2007
Posts: 53
Accounting skullduggeries are like chickens; they always come home to roost!. I have said before and will say again Centums Financials stink to the high heavens. But hey!
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VituVingiSana
#83 Posted : Tuesday, May 15, 2018 11:36:01 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
https://www.businessdail...2128-5nq7aoz/index.html
Centum eyes Sh1.3bn gain on GenAfrica sale

>>> We need the cash to pay Mworia!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Angelica _ann
#84 Posted : Tuesday, May 15, 2018 11:55:06 AM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
VituVingiSana wrote:
https://www.businessdailyafrica.com/corporate/companies/4003102-4562128-5nq7aoz/index.html
Centum eyes Sh1.3bn gain on GenAfrica sale

>>> We need the cash to pay Mworia!


smile smile smile
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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watesh
#85 Posted : Tuesday, May 15, 2018 3:45:13 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 969
Location: Kenya
VituVingiSana wrote:
https://www.businessdailyafrica.com/corporate/companies/4003102-4562128-5nq7aoz/index.html
Centum eyes Sh1.3bn gain on GenAfrica sale

>>> We need the cash to pay Mworia!

That 0.3bn will be going to his bank account
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deadpoet
#86 Posted : Tuesday, May 15, 2018 8:31:50 PM
Rank: Member


Joined: 9/27/2006
Posts: 503
So far no one has mentioned this Sabic school that is to open in September. Do elite schools like Hillcrest or Braeburn make a lot of money? The sabic school seems to be in their class.
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VituVingiSana
#87 Posted : Tuesday, May 15, 2018 10:11:36 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
Is this an Almasi plant?

https://www.businessdail...63700-q0oy8dz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Horton
#88 Posted : Tuesday, May 15, 2018 10:18:25 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
[quote=VituVingiSana]Is this an Almasi plant?

https://www.businessdail...3700-q0oy8dz/index.html[/quote]

Ofcourse not. Coca-Cola business in Kenya is territorial. This is NBL
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VituVingiSana
#89 Posted : Tuesday, May 15, 2018 10:26:17 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
Horton wrote:
VituVingiSana wrote:
Is this an Almasi plant?

https://www.businessdail...3700-q0oy8dz/index.html


Ofcourse not. Coca-Cola business in Kenya is territorial. This is NBL
Who owns NBL?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#90 Posted : Wednesday, May 16, 2018 8:36:50 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
VituVingiSana wrote:
Horton wrote:
VituVingiSana wrote:
Is this an Almasi plant?

https://www.businessdail...3700-q0oy8dz/index.html


Ofcourse not. Coca-Cola business in Kenya is territorial. This is NBL
Who owns NBL?

SABCO
Centum
ICDC
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#91 Posted : Wednesday, May 16, 2018 10:11:18 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Horton wrote:
VituVingiSana wrote:
Is this an Almasi plant?

https://www.businessdail...3700-q0oy8dz/index.html


Ofcourse not. Coca-Cola business in Kenya is territorial. This is NBL
Who owns NBL?

SABCO
Centum
ICDC
Thanks. I thought Centum has consolidated all their bottling operations under Almasi.

"The firm — which is the holding company for Kisii Bottlers, Mount Kenya Bottlers based in Nyeri and Rift Valley Bottlers in Uasin Gishu County"

“Centum is … bringing our total shareholding to 50.95 per cent of the issued share capital of the company and resulting in Almasi becoming a subsidiary of Centum,” the firm’s CEO James Mworia said in a statement Monday.

The investment firm says Almasi has the second largest share of the Coca-Cola bottling business in Kenya after Nairobi Bottlers where it has a 27.62 per cent stake.

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Wororo
#92 Posted : Thursday, May 17, 2018 12:51:00 PM
Rank: Member


Joined: 1/30/2011
Posts: 207
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
House team backs Sh200bn Lamu coal power plant plan
https://www.businessdail...0740-k93gqvz/index.html
If Centum can find a financing and operating partner then this will be another decent "fair value gain" in Centum's books. The question is "when?" and the sooner the better!


Forget about the coal power plant for now.
It's not being built any time soon.

Yes, a $2bn power plant isn't like installing a solar panel.

And just like that General Electric buys a KES 40 Billion stake in Amu Power...

American energy firm GE Power has bought a Sh40 billion stake in the Centum-fronted 1,050MW Lamu coal-fired electricity generation plant.

GE Power’s Chief Commercial Manager Michael Keroulle’ yesterday said the deal will see the American conglomerate allocated 20 per cent shares of Amu Power.

The fresh capital injection will be used for acquisition of plant machinery, a boiler and steam turbine generator built using GEs latest clean coal technology as well as air quality control systems.

“The technology greatly reduces emission of Sulphur Oxides, Nitrogen Oxides and particulates (dusts) to levels comparable to gas fired power plants,” he said.

Mr Keroulle’ spoke after he represented GE in signing a deal with the project’s developer Gulf Energy.
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Ericsson
#93 Posted : Thursday, May 17, 2018 1:16:49 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
Wororo wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
House team backs Sh200bn Lamu coal power plant plan
https://www.businessdail...0740-k93gqvz/index.html
If Centum can find a financing and operating partner then this will be another decent "fair value gain" in Centum's books. The question is "when?" and the sooner the better!


Forget about the coal power plant for now.
It's not being built any time soon.

Yes, a $2bn power plant isn't like installing a solar panel.

And just like that General Electric buys a KES 40 Billion stake in Amu Power...

American energy firm GE Power has bought a Sh40 billion stake in the Centum-fronted 1,050MW Lamu coal-fired electricity generation plant.

GE Power’s Chief Commercial Manager Michael Keroulle’ yesterday said the deal will see the American conglomerate allocated 20 per cent shares of Amu Power.

The fresh capital injection will be used for acquisition of plant machinery, a boiler and steam turbine generator built using GEs latest clean coal technology as well as air quality control systems.

“The technology greatly reduces emission of Sulphur Oxides, Nitrogen Oxides and particulates (dusts) to levels comparable to gas fired power plants,” he said.

Mr Keroulle’ spoke after he represented GE in signing a deal with the project’s developer Gulf Energy.



GE may now be the largest shareholder
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Wororo
#94 Posted : Thursday, May 17, 2018 1:25:12 PM
Rank: Member


Joined: 1/30/2011
Posts: 207
Ericsson wrote:
Wororo wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
House team backs Sh200bn Lamu coal power plant plan
https://www.businessdail...0740-k93gqvz/index.html
If Centum can find a financing and operating partner then this will be another decent "fair value gain" in Centum's books. The question is "when?" and the sooner the better!


Forget about the coal power plant for now.
It's not being built any time soon.

Yes, a $2bn power plant isn't like installing a solar panel.

And just like that General Electric buys a KES 40 Billion stake in Amu Power...

American energy firm GE Power has bought a Sh40 billion stake in the Centum-fronted 1,050MW Lamu coal-fired electricity generation plant.

GE Power’s Chief Commercial Manager Michael Keroulle’ yesterday said the deal will see the American conglomerate allocated 20 per cent shares of Amu Power.

The fresh capital injection will be used for acquisition of plant machinery, a boiler and steam turbine generator built using GEs latest clean coal technology as well as air quality control systems.

“The technology greatly reduces emission of Sulphur Oxides, Nitrogen Oxides and particulates (dusts) to levels comparable to gas fired power plants,” he said.

Mr Keroulle’ spoke after he represented GE in signing a deal with the project’s developer Gulf Energy.



GE may now be the largest shareholder



What stake did Centum hold before the GE dilution?
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VituVingiSana
#95 Posted : Thursday, May 17, 2018 10:05:47 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
Ericsson wrote:
Wororo wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
House team backs Sh200bn Lamu coal power plant plan
https://www.businessdail...0740-k93gqvz/index.html
If Centum can find a financing and operating partner then this will be another decent "fair value gain" in Centum's books. The question is "when?" and the sooner the better!


Forget about the coal power plant for now.
It's not being built any time soon.

Yes, a $2bn power plant isn't like installing a solar panel.

And just like that General Electric buys a KES 40 Billion stake in Amu Power...

American energy firm GE Power has bought a Sh40 billion stake in the Centum-fronted 1,050MW Lamu coal-fired electricity generation plant.

GE Power’s Chief Commercial Manager Michael Keroulle’ yesterday said the deal will see the American conglomerate allocated 20 per cent shares of Amu Power.

The fresh capital injection will be used for acquisition of plant machinery, a boiler and steam turbine generator built using GEs latest clean coal technology as well as air quality control systems.

“The technology greatly reduces emission of Sulphur Oxides, Nitrogen Oxides and particulates (dusts) to levels comparable to gas fired power plants,” he said.

Mr Keroulle’ spoke after he represented GE in signing a deal with the project’s developer Gulf Energy.


GE may now be the largest shareholder
Applause Applause Applause And Centum can now mark-up its "smaller" stake for a Fair Value Gain Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#96 Posted : Monday, May 28, 2018 9:28:09 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
Sidian losses sink further in Q1 2018.
Loss before tax widens to ksh.113mn compared to ksh.79mn in 2017
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mlennyma
#97 Posted : Monday, May 28, 2018 9:30:17 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Ericsson wrote:
Sidian losses sink further in Q1 2018.
Loss before tax widens to ksh.113mn compared to ksh.79mn in 2017

sick
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#98 Posted : Monday, May 28, 2018 10:10:32 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,107
Location: Nairobi
Ericsson wrote:
Sidian losses sink further in Q1 2018.
Loss before tax widens to ksh.113mn compared to ksh.79mn in 2017

The timing (buying Sidian) was bad BUT who knew?
Even JM seemed caught out by it though he managed to steer Equity through the crisis. Of course, Equity has a very different profile from Sidian.
I think Centum may need to inject more funds into Sidian.

I remain bullish on Centum but not so much on Sidian unless there's a drastic overhaul in their business model.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#99 Posted : Monday, May 28, 2018 12:49:56 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Sidian losses sink further in Q1 2018.
Loss before tax widens to ksh.113mn compared to ksh.79mn in 2017

The timing (buying Sidian) was bad BUT who knew?
Even JM seemed caught out by it though he managed to steer Equity through the crisis. Of course, Equity has a very different profile from Sidian.
I think Centum may need to inject more funds into Sidian.

I remain bullish on Centum but not so much on Sidian unless there's a drastic overhaul in their business model.


Centum wasn't ready/prepared to run a commercial bank.
Funds were injected just recently the second in two years.Case of throwing good money into a bad investment
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#100 Posted : Tuesday, June 05, 2018 9:33:34 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,696
Location: NAIROBI
https://www.businessdail...97594-4pra6j/index.html

Lamu coal power plant being killed slowly
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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