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Centum Full Year results 2017/2018
Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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watesh wrote:Ericsson wrote:Centum has now turned to a land buying company from a blue chip one.
Land is good to get those paper gains they like but a nightmare when it comes to cashflow. cc. Home Afrika
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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rwitre wrote:watesh wrote:Ericsson wrote:Centum has now turned to a land buying company from a blue chip one.
Land is good to get those paper gains they like but a nightmare when it comes to cashflow. cc. Home Afrika Centum and HAL account for their land differently. Centum revalues their land investments while HAL maintains at cost. Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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rwitre wrote:watesh wrote:Ericsson wrote:Centum has now turned to a land buying company from a blue chip one.
Land is good to get those paper gains they like but a nightmare when it comes to cashflow. cc. Home Afrika Let us not bring Home Africa into matters Centum pris. 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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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Angelica _ann wrote:rwitre wrote:watesh wrote:Ericsson wrote:Centum has now turned to a land buying company from a blue chip one.
Land is good to get those paper gains they like but a nightmare when it comes to cashflow. cc. Home Afrika Let us not bring Home Africa into matters Centum pris. Centum is heading that direction. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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Just seen an advert by Centum's Vipingo Development Limited 1255 Palm ridge apartments, where a 1-bedroom is going on sale at 2 million.  Kwani imejengwa na nini? Niambieni ata mimi nitumie hiyo technology
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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rwitre wrote:Just seen an advert by Centum's Vipingo Development Limited 1255 Palm ridge apartments, where a 1-bedroom is going on sale at 2 million. Kwani imejengwa na nini? Niambieni ata mimi nitumie hiyo technology Is that a good thing? If yes, isn't that great for Centum to push sales? Land costs are low for Centum compared to Mombasa. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:@VyaBureSiachi - I picked up some Safcom given it dropped substantially (20% from 31) without a significant change that I found to be detrimental.
Safcom needs to respond to the competition but it remains the clear leader for now. I will sell out if the price goes beyond what makes sense OR there is a change in their or my circumstances. Cartoons show that Safaricom will retrace to 15-20 within the next 6 months. Hold on to your money. Then it looks even more interesting. Heck, at the sub-20 level, very enticing for a cash-printing machine. Those are fantasies.. Safaricom will not go lower than KES 25 anytime soon Today safaricom closes below 25 at 24.75 Sub 20 coming soon. Life is short. Live passionately.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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sparkly wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:@VyaBureSiachi - I picked up some Safcom given it dropped substantially (20% from 31) without a significant change that I found to be detrimental.
Safcom needs to respond to the competition but it remains the clear leader for now. I will sell out if the price goes beyond what makes sense OR there is a change in their or my circumstances. Cartoons show that Safaricom will retrace to 15-20 within the next 6 months. Hold on to your money. Then it looks even more interesting. Heck, at the sub-20 level, very enticing for a cash-printing machine. Those are fantasies.. Safaricom will not go lower than KES 25 anytime soon Today safaricom closes below 25 at 24.75 Sub 20 coming soon. From 40 bob which was supposed to go to 80  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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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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sparkly wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:@VyaBureSiachi - I picked up some Safcom given it dropped substantially (20% from 31) without a significant change that I found to be detrimental.
Safcom needs to respond to the competition but it remains the clear leader for now. I will sell out if the price goes beyond what makes sense OR there is a change in their or my circumstances. Cartoons show that Safaricom will retrace to 15-20 within the next 6 months. Hold on to your money. Then it looks even more interesting. Heck, at the sub-20 level, very enticing for a cash-printing machine. Those are fantasies.. Safaricom will not go lower than KES 25 anytime soon Today safaricom closes below 25 at 24.75 Sub 20 coming soon. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:@VyaBureSiachi - I picked up some Safcom given it dropped substantially (20% from 31) without a significant change that I found to be detrimental.
Safcom needs to respond to the competition but it remains the clear leader for now. I will sell out if the price goes beyond what makes sense OR there is a change in their or my circumstances. Cartoons show that Safaricom will retrace to 15-20 within the next 6 months. Hold on to your money. Then it looks even more interesting. Heck, at the sub-20 level, very enticing for a cash-printing machine. Those are fantasies.. Safaricom will not go lower than KES 25 anytime soon Hayawi hayawi mwishowe huwa Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Ericsson wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:@VyaBureSiachi - I picked up some Safcom given it dropped substantially (20% from 31) without a significant change that I found to be detrimental.
Safcom needs to respond to the competition but it remains the clear leader for now. I will sell out if the price goes beyond what makes sense OR there is a change in their or my circumstances. Cartoons show that Safaricom will retrace to 15-20 within the next 6 months. Hold on to your money. Then it looks even more interesting. Heck, at the sub-20 level, very enticing for a cash-printing machine. Those are fantasies.. Safaricom will not go lower than KES 25 anytime soon Hayawi hayawi mwishowe huwa Am experiencing dry spells, who has time for me.🤔🤔🎀 ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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muandiwambeu wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:@VyaBureSiachi - I picked up some Safcom given it dropped substantially (20% from 31) without a significant change that I found to be detrimental.
Safcom needs to respond to the competition but it remains the clear leader for now. I will sell out if the price goes beyond what makes sense OR there is a change in their or my circumstances. Cartoons show that Safaricom will retrace to 15-20 within the next 6 months. Hold on to your money. Then it looks even more interesting. Heck, at the sub-20 level, very enticing for a cash-printing machine. Those are fantasies.. Safaricom will not go lower than KES 25 anytime soon Hayawi hayawi mwishowe huwa Am experiencing dry spells, who has time for me.🤔🤔🎀 Joseph Irungu aka Jowie Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Ericsson wrote:muandiwambeu wrote:Ericsson wrote:obiero wrote:VituVingiSana wrote:sparkly wrote:VituVingiSana wrote:@VyaBureSiachi - I picked up some Safcom given it dropped substantially (20% from 31) without a significant change that I found to be detrimental.
Safcom needs to respond to the competition but it remains the clear leader for now. I will sell out if the price goes beyond what makes sense OR there is a change in their or my circumstances. Cartoons show that Safaricom will retrace to 15-20 within the next 6 months. Hold on to your money. Then it looks even more interesting. Heck, at the sub-20 level, very enticing for a cash-printing machine. Those are fantasies.. Safaricom will not go lower than KES 25 anytime soon Hayawi hayawi mwishowe huwa Am experiencing dry spells, who has time for me.🤔🤔🎀 Joseph Irungu aka Jowie Hehehe, it's all about chums. Uko kwingine ni after service. Appreciation ofcoarse. ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Dividend ni NDANI. The plan is to buy a few more Centum. Meanwhile, an investee of Centum bags a KES 1.2bn supply deal... https://googleweblight.c...KE&tg=1178&pt=74Greedy 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: 10,684 Location: NAIROBI
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[quote=VituVingiSana]Dividend ni NDANI. The plan is to buy a few more Centum. Meanwhile, an investee of Centum bags a KES 1.2bn supply deal... https://googleweblight.c...E&tg=1178&pt=74[/quote] Insignificant effect Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Haba na haba...  [Plus we need to offset some of the losses coming our way including Akiira and Amu!] 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: 10,684 Location: NAIROBI
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VituVingiSana wrote: Haba na haba... [Plus we need to offset some of the losses coming our way including Akiira and Amu!] The sh.1.2bn loss for drilling a well that had no steam Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:VituVingiSana wrote: Haba na haba... [Plus we need to offset some of the losses coming our way including Akiira and Amu!] The sh.1.2bn loss for drilling a well that had no steam That was recovered from insurance. Not a loss. 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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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote: Haba na haba... [Plus we need to offset some of the losses coming our way including Akiira and Amu!] The sh.1.2bn loss for drilling a well that had no steam Yes, Centum owns 35% though the plan is to continue drilling since the area has proven "productive" ... It's like drilling for oil. You may miss it on the first few tries. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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what's up with centum from yesterday, any supply is being picked with speed 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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