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STOCK ALERT. Centum
Rank: Chief Joined: 1/3/2007 Posts: 18,126 Location: Nairobi
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Scubidu wrote:Scubidu wrote:tony stark wrote:VituVingiSana wrote:qw25041985 wrote:You will all remember that i issued a stock alert on Centum.Most if not all of you trashed me.I tld you guyz to take this company seriously.They just posted a triple percentage profit.And are seeking to invest in the real estate boom.Now they shld just clear the bonus issue problem.By the way this stock has returned 90% since they year began.so watch out folks.This is a ten bagger for the long-term.
I know most of you'll be swallowing your own words!!!!!!!!!! Seems @qw bet all on Centum 2 years ago... and is gone for good. Good riddance! @ VVS have mercy! Maybe this is QW's Olympia? Sold Centum a while ago, in favour of City Trust. My broker advises me there will be a good block of City Trust available soon. Be on the look at and buy it, while it's still hot. City Trust sold 225,300 shares today. Your broker called it on the money! Who is your broker? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/8/2007 Posts: 808
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Block has been available in the market for past one month....at 358 one has to wonder about the valuation of I&M bank...
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Rank: Chief Joined: 1/3/2007 Posts: 18,126 Location: Nairobi
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Kausha wrote:Block has been available in the market for past one month....at 358 one has to wonder about the valuation of I&M bank... Fast growing bank. Well-managed. DEG & Proparco are shareholders. Recently bought BCR (#2 bank) in Rwanda. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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VituVingiSana wrote:Scubidu wrote:Scubidu wrote:tony stark wrote:VituVingiSana wrote:qw25041985 wrote:You will all remember that i issued a stock alert on Centum.Most if not all of you trashed me.I tld you guyz to take this company seriously.They just posted a triple percentage profit.And are seeking to invest in the real estate boom.Now they shld just clear the bonus issue problem.By the way this stock has returned 90% since they year began.so watch out folks.This is a ten bagger for the long-term.
I know most of you'll be swallowing your own words!!!!!!!!!! Seems @qw bet all on Centum 2 years ago... and is gone for good. Good riddance! @ VVS have mercy! Maybe this is QW's Olympia? Sold Centum a while ago, in favour of City Trust. My broker advises me there will be a good block of City Trust available soon. Be on the look at and buy it, while it's still hot. City Trust sold 225,300 shares today. Your broker called it on the money! Who is your broker? AA. Nah, I told them to keep me appraised on this sucker at all times. Some bigwig individual, Top 6 shareholder sold his holdings. Everyone knows how hard it is to buy City in bulk. Very happy they're not splitting these shares any time soon. Hope we have another day like this soon. “We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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Rank: Chief Joined: 1/3/2007 Posts: 18,126 Location: Nairobi
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@scubidu This deserves its own thread! No supply. All demand at the close. I wonder what price the demand is hiding at. BIDS 5,000 Quantity Price Splits Time 500 356.00 1 15:12:59 3,000 355.00 1 15:12:59 1,500 330.00 3 15:12:59 - - - - - - - - ASKS - Quantity Price Splits Time - - - - - - - - - - - - - - - - - - - - TRADES Quantity Price Time - - - - - - - - - - - - - - - Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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CENTUM: After recording 40% drop in PBT in FY ending March 2012, they are now projecting another 15% drop in this FY ending March 2013 (Appendix II: Proforma financial information, Page 166 of the KES4+1B bond IM) http://centum.co.ke/component/d...s-4-billion-bond-im-2012
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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DAMNED KES4+1B BOND ISSUE: It failed to achieve full subscription via private placement and its now calling the public #Damn #Damn #Damn
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Yeah, Mworia had indicated that this year would be equally tougher. Some time ago they were also talking about going for a Kshs. 6 Billion dollar-denominated loan. Did they go for it? Huge bet they are taking on real estate. They however also raised their stake in the Coca Cola bottlers by 442 million GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:DAMNED KES4+1B BOND ISSUE: It failed to achieve full subscription via private placement and its now calling the public #Damn #Damn #Damn Yikes! Private snubs then you run to Wanjikus!  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Quote: Listed investment firm Centum has acquired a 45 per cent shareholding in Platcorp Holdings, the holding company of micro-credit organisation Platinum Credit.
Platinum Credit, which is a non-banking, non-deposit taking microfinance institution has more than 30 branches in Kenya, 18 in Uganda and 13 in Tanzania as listed on its website, and provides emergency loans to customers. http://www.businessdaily...2/-/13qanyj/-/index.html Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 2/18/2011 Posts: 448
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centum is showing directionless foward momentum,wish i could have a chat with Mworia to explain this.
Why would they keep on touching a bit of this in every sector as opposed to focus on an area eg TCL is doing infrastructure and they shall do well
Centum went into real estate 2 years ago but has construction started on the Kiambu road project?
Am glad they consolidated holding in Cocacola/bottlers but now what does a lending have to offer?
infact i believe platinum credit and such institutions are in breech of the CBK lending rule that one cannot repay more than 100% interest on what he/she borrowed and this was a good exit stratergy by the holding comapny. When the new government comes in place such institutions shall have to follow the rules of the game.
Unless centums strategy is to convert platinum to a microfinance then eventually a bank but look at our banking space,the big boys own and protect their turf.....anyway all the best.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Member Joined: 2/18/2011 Posts: 448
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FUNKY wrote:http://bit.ly/V3CRdf thanks.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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mibbz wrote: centum is showing directionless foward momentum,wish i could have a chat with Mworia to explain this.
Why would they keep on touching a bit of this in every sector as opposed to focus on an area  i had not viewed it that way. Some bright guy once told me that diversification is key, but too much of it shows lack of focus. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 2/18/2011 Posts: 448
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@dunkang true story,
By the way i think Peter Mwangi was a better chap in terms of growth of business,his successor is diversifying too much with no returns to show for this strategy 2-3 years after he started it.I used to believe in Mworia but am starting to have my doubts about this strategic plan and vision.
Anyway only time will tell if its the right way.
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Rank: Member Joined: 2/25/2010 Posts: 158
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dunkang wrote:mibbz wrote: centum is showing directionless foward momentum,wish i could have a chat with Mworia to explain this.
Why would they keep on touching a bit of this in every sector as opposed to focus on an area i had not viewed it that way. Some bright guy once told me that diversification is key, but too much of it shows lack of focus. Centum reminds me of Enron, by the time they went bust, they were diversified into very many sectors and they were bleeding money due to too much debts. I dont know why centum ceo talks so big each time he opens his mouth but we are not seeing results as shareholders. I have got rid of a good chunk of my centum shares. Keeping it all in the family
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Rank: Member Joined: 2/25/2010 Posts: 158
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infact i believe platinum credit and such institutions are in breech of the CBK lending rule that one cannot repay more than 100% interest on what he/she borrowed and this was a good exit stratergy by the holding comapny. When the new government comes in place such institutions shall have to follow the rules of the game. Unless centums strategy is to convert platinum to a microfinance then eventually a bank but look at our banking space,the big boys own and protect their turf.....anyway all the best.[/quote] Platinum is very popular with civil servants, i remember i took a loan with them once and they had direct access to my payslip coz i used to pay them through my payslip. i think they should follow the American way and give pay day loans or such. they make tons of money coz many people out there are desperate for small quick loans and the amounts they want can shock you. but platinum only focuses on those with payslips. Keeping it all in the family
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Rank: Member Joined: 2/25/2010 Posts: 158
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Or even start giving cooperative members divided based loans. They can team up with cooperative organizations for this. Keeping it all in the family
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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anika66 wrote: Centum reminds me of Enron, by the time they went bust, they were diversified into very many sectors and they were bleeding money due to too much debts. I dont know why centum ceo talks so big each time he opens his mouth but we are not seeing results as shareholders. I have got rid of a good chunk of my centum shares. Haiya, what to expect next? Quote: Fortune named Enron "America's Most Innovative Company" for six consecutive years. At the end of 2001, it was revealed that its reported financial condition was sustained substantially by an institutionalized, systematic, and creatively planned accounting fraud, ... Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Diversification is not a bad thing, what one needs to know is when to quit. Some organization have bought companies to have access to reseacrh facilities for example, once they have this access they may go ahead and split the company keep the reseacrh operation and spin off the rest. Time will tell.
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STOCK ALERT. Centum
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