Wazua
»
Investor
»
Stocks
»
Centum pays out KSH 1 billion to employees
Rank: Hello Joined: 6/5/2015 Posts: 9
|
dunkang wrote:As i said earlier on in this thread, this is an ENRON waiting to happen. The same same 2001 ENRON script been played out again, in front of our eyes, in 2015. The main characteristics of ENRON were; - had various Limited Liability Special Purpose Vehicles - (This helped in looting as well as hide liabilities), - Highly decorated and rewarded Company and Managers (Was named Most Innovative Company for 6 straight years - 1996 to 2001) -Employees were highly compensated year-in year-out and hence ENRON was "THE BEST COMPANY TO WORK FOR" (1996-2000) - Auditors, reporters etc were "encouraged" to present the firm in "GOOD PICTURE" - ENRON was a "Trade Anything" company. From Energy to Papers. ORGANISATIONAL FRAUD TRIANGLE  I concur, very insightful
|
|
|
Rank: Member Joined: 12/11/2006 Posts: 896
|
In this Centum case, the assets belong to shareholders but cash from assets belong to employees. Employees here are behaving like asset managers who are paid a commission for their work. I think they should forfeit their salaries we just have them as asset managers “Invest in yourself. Your career is the engine of your wealth.”
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
As some of us try and convince others why Centum is not a buy, it slowly creeps up. Reminds me of the so-called "real estate bubble" in Kenya. I keep hearing there is a bubble and its been 10years since I heard this term first. Its actually the opposite effect. Call me a contrarian good thing I didnt heed their advice then!
|
|
|
Rank: Member Joined: 1/15/2010 Posts: 625
|
Horton wrote:As some of us try and convince others why Centum is not a buy, it slowly creeps up. Reminds me of the so-called "real estate bubble" in Kenya. I keep hearing there is a bubble and its been 10years since I heard this term first. Its actually the opposite effect. Call me a contrarian good thing I didnt heed their advice then! There is a clear conflict in Centum. The share might go up in the short/medium term but the long term is clearly at risk with such a structure. This makes this stock much more risky even though you might enjoy short term benefits. It's similar to someone driving from Nairobi to Mombasa at 200kph and claiming that the rest of the drivers are too slow/non performing. He might save on time but the long term future of such a driver is at jeopardy.
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
mv_ufanisi wrote:Horton wrote:As some of us try and convince others why Centum is not a buy, it slowly creeps up. Reminds me of the so-called "real estate bubble" in Kenya. I keep hearing there is a bubble and its been 10years since I heard this term first. Its actually the opposite effect. Call me a contrarian good thing I didnt heed their advice then! There is a clear conflict in Centum. The share might go up in the short/medium term but the long term is clearly at risk with such a structure. This makes this stock much more risky even though you might enjoy short term benefits. It's similar to someone driving from Nairobi to Mombasa at 200kph and claiming that the rest of the drivers are too slow/non performing. He might save on time but the long term future of such a driver is at jeopardy. Well said. Centum growing its NAV at 30% PA compounded while economy is growing at 6% is suspect. Life is short. Live passionately.
|
|
|
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
|
As I was told on another forum, I shall remind someone here to eat their words in future. Make sure you have a dasani bottle next to u (a product of one of Centums investments)
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
Horton wrote:As I was told on another forum, I shall remind someone here to eat their words in future. Make sure you have a dasani bottle next to u (a product of one of Centums investments)  Smart people like yourself will make money from Centum. Suckers who blindly buy into the above normal perpetual NAV growth will lose money when the house of cards come tumbling down. Life is short. Live passionately.
|
|
|
Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
|
sparkly wrote:Horton wrote:As I was told on another forum, I shall remind someone here to eat their words in future. Make sure you have a dasani bottle next to u (a product of one of Centums investments) Smart people like yourself will make money from Centum. Suckers who blindly buy into the above normal perpetual NAV growth will lose money when the house of cards come tumbling down. I have enjoyed this thread, so here's more wood for the fire... The DJ ups his stakeThe harder you work, the luckier you get
|
|
|
Rank: Member Joined: 1/15/2010 Posts: 625
|
Two Centum stories on the Business Daily today.
1.The DJ Ups his stake
2. Looking for a new plant manager
Makes you wonder if Business Daily has opened a representative office in Centum.
No other company gets this much coverage.
|
|
|
Rank: User Joined: 1/20/2014 Posts: 3,528
|
mv_ufanisi wrote:Two Centum stories on the Business Daily today.
1.The DJ Ups his stake
2. Looking for a new plant manager
Makes you wonder if Business Daily has opened a representative office in Centum.
No other company gets this much coverage.
Remember Uchumi expansion a decade ago and the beautiful stories then. Same script, same players!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
|
|
|
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
|
I think Centum want to be in the news all the time.
Did you notice the other day James Mworia (MD) making a courtesy call at Nation Media offices.
I think all the do is sell news.
The signs are all there
|
|
|
Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
|
Chris Kirubi spent a "paltry" KES 12M on 2million KQ shares... many waxed lyrical on why that is strategic and hence "vote of confidence" on KQ What media delayed to announce was Chris Kirubi at the same time sunk KES 1BILLION more into Centum.. ...but the same who were impressed by his move on KQ are seeing something sinister. ok. 1Billion investment = "sinister move..do not trust Centum" 12 Million investment = "Bravo!!! Real patriotic! everyone go buy KQ" seriously? 12M in KQ is a mere 1% of what dude put in centum... plus put in mind, he sold his 9% UAP stake for KES2.8 Billion to Old Mutual too by the way. It is not that he cannot afford more of KQ. Who is fooling who here? ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
ProverB wrote:Chris Kirubi spent a "paltry" KES 12M on 2million KQ shares... many waxed lyrical on why that is strategic and hence "vote of confidence" on KQ
What media delayed to announce was Chris Kirubi at the same time sunk KES 1BILLION more into Centum..
...but the same who were impressed by his move on KQ are seeing something sinister.
ok. 1Billion investment = "sinister move..do not trust Centum"
12 Million investment = "Bravo!!! Real patriotic! everyone go buy KQ"
seriously?
12M in KQ is a mere 1% of what dude put in centum... plus put in mind, he sold his 9% UAP stake for KES2.8 Billion to Old Mutual too by the way. It is not that he cannot afford more of KQ.
Who is fooling who here? @ProverB your defence of Centum and the DJ is impenetrable. Time for you to declare your interest in either... Life is short. Live passionately.
|
|
|
Rank: Member Joined: 12/11/2006 Posts: 896
|
Centum could be next www.capitalfm.co.ke/busi...eam-illusion-or-reality/#askkirubi wrote: I was a young salesman when I rented an office at International House (then International Life House). All the money I was making went to paying my rent and other utilities. However, time came for the landlords who were British to return to their country. They needed a Manager, someone to manage the property, collect the rent and send it to them. Without thinking twice I seized the opportunity.
Regardless of whether I was qualified to take up the job or not, I knew I had an upper hand because of my cordial relations with the owners. I made them an offer and during that period they were able to evaluate me and eventually appoint me as a Manager on a full time basis. I knew this was going to be my breakthrough, my money maker, my game changer, so I worked as though my life depended on it and a few years down the line, I purchased the building.
One ‘small’ opportunity turned my life around. “Invest in yourself. Your career is the engine of your wealth.”
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,570
|
mv_ufanisi wrote:Two Centum stories on the Business Daily today.
1.The DJ Ups his stake
2. Looking for a new plant manager
Makes you wonder if Business Daily has opened a representative office in Centum.
No other company gets this much coverage.
£$¥€ Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
|
sparkly wrote:ProverB wrote:Chris Kirubi spent a "paltry" KES 12M on 2million KQ shares... many waxed lyrical on why that is strategic and hence "vote of confidence" on KQ
What media delayed to announce was Chris Kirubi at the same time sunk KES 1BILLION more into Centum..
...but the same who were impressed by his move on KQ are seeing something sinister.
ok. 1Billion investment = "sinister move..do not trust Centum"
12 Million investment = "Bravo!!! Real patriotic! everyone go buy KQ"
seriously?
12M in KQ is a mere 1% of what dude put in centum... plus put in mind, he sold his 9% UAP stake for KES2.8 Billion to Old Mutual too by the way. It is not that he cannot afford more of KQ.
Who is fooling who here? @ProverB your defence of Centum and the DJ is impenetrable. Time for you to declare your interest in either... Sparkly.. not really.. I have centum..got in when it was about 27-30 I plan to sell at some point. My stand on KQ has remained since 2009... My issue is when people are using Kirubi as a metric for investing or dumping a stock. Buying KQ by him gets accolades...buying Centum...condemnation and suspicion... despite KQ puchase being 1% value of Centum purchase.. Anyway... as Aden Duale would say... "sio pesa ya mama yangu" #Happy Investing ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
|
|
|
Rank: Veteran Joined: 8/16/2009 Posts: 994
|
ProverB wrote:sparkly wrote:ProverB wrote:Chris Kirubi spent a "paltry" KES 12M on 2million KQ shares... many waxed lyrical on why that is strategic and hence "vote of confidence" on KQ
What media delayed to announce was Chris Kirubi at the same time sunk KES 1BILLION more into Centum..
...but the same who were impressed by his move on KQ are seeing something sinister.
ok. 1Billion investment = "sinister move..do not trust Centum"
12 Million investment = "Bravo!!! Real patriotic! everyone go buy KQ"
seriously?
12M in KQ is a mere 1% of what dude put in centum... plus put in mind, he sold his 9% UAP stake for KES2.8 Billion to Old Mutual too by the way. It is not that he cannot afford more of KQ.
Who is fooling who here? @ProverB your defence of Centum and the DJ is impenetrable. Time for you to declare your interest in either... Sparkly.. not really.. I have centum..got in when it was about 27-30 I plan to sell at some point. My stand on KQ has remained since 2009... My issue is when people are using Kirubi as a metric for investing or dumping a stock. Buying KQ by him gets accolades...buying Centum...condemnation and suspicion... despite KQ puchase being 1% value of Centum purchase.. Anyway... as Aden Duale would say... "sio pesa ya mama yangu" #Happy Investing Those accolades might have been from @obiero. None of the two purchases have been off the usual sceptical view by wazuans. He may have fooled Uchumi investors then, but now, we are alert. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,921
|
Gatheuzi wrote:ProverB wrote:sparkly wrote:ProverB wrote:Chris Kirubi spent a "paltry" KES 12M on 2million KQ shares... many waxed lyrical on why that is strategic and hence "vote of confidence" on KQ
What media delayed to announce was Chris Kirubi at the same time sunk KES 1BILLION more into Centum..
...but the same who were impressed by his move on KQ are seeing something sinister.
ok. 1Billion investment = "sinister move..do not trust Centum"
12 Million investment = "Bravo!!! Real patriotic! everyone go buy KQ"
seriously?
12M in KQ is a mere 1% of what dude put in centum... plus put in mind, he sold his 9% UAP stake for KES2.8 Billion to Old Mutual too by the way. It is not that he cannot afford more of KQ.
Who is fooling who here? @ProverB your defence of Centum and the DJ is impenetrable. Time for you to declare your interest in either... Sparkly.. not really.. I have centum..got in when it was about 27-30 I plan to sell at some point. My stand on KQ has remained since 2009... My issue is when people are using Kirubi as a metric for investing or dumping a stock. Buying KQ by him gets accolades...buying Centum...condemnation and suspicion... despite KQ puchase being 1% value of Centum purchase.. Anyway... as Aden Duale would say... "sio pesa ya mama yangu" #Happy Investing Those accolades might have been from @obiero. None of the two purchases have been off the usual sceptical view by wazuans. He may have fooled Uchumi investors then, but now, we are alert. Exactly nobody (except @Obiero for obvious reasons) has applauded DJ's meager investment in KQ. Infact all wazuans have been skeptical that it is more of PR or a move to con foreign investors again. As for Centum, we agree he is heavily invested in there. But then again we know he has tricks up his sleeve which we are watching keenly. At least nowadays information is in plenty & easily accessible. Cc. Kenatco, Uchumi, Haco na zinginezo!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
|
Angelica _ann wrote:Gatheuzi wrote:ProverB wrote:sparkly wrote:ProverB wrote:Chris Kirubi spent a "paltry" KES 12M on 2million KQ shares... many waxed lyrical on why that is strategic and hence "vote of confidence" on KQ
What media delayed to announce was Chris Kirubi at the same time sunk KES 1BILLION more into Centum..
...but the same who were impressed by his move on KQ are seeing something sinister.
ok. 1Billion investment = "sinister move..do not trust Centum"
12 Million investment = "Bravo!!! Real patriotic! everyone go buy KQ"
seriously?
12M in KQ is a mere 1% of what dude put in centum... plus put in mind, he sold his 9% UAP stake for KES2.8 Billion to Old Mutual too by the way. It is not that he cannot afford more of KQ.
Who is fooling who here? @ProverB your defence of Centum and the DJ is impenetrable. Time for you to declare your interest in either... Sparkly.. not really.. I have centum..got in when it was about 27-30 I plan to sell at some point. My stand on KQ has remained since 2009... My issue is when people are using Kirubi as a metric for investing or dumping a stock. Buying KQ by him gets accolades...buying Centum...condemnation and suspicion... despite KQ puchase being 1% value of Centum purchase.. Anyway... as Aden Duale would say... "sio pesa ya mama yangu" #Happy Investing Those accolades might have been from @obiero. None of the two purchases have been off the usual sceptical view by wazuans. He may have fooled Uchumi investors then, but now, we are alert. Exactly nobody (except @Obiero for obvious reasons) has applauded DJ's meager investment in KQ. Infact all wazuans have been skeptical that it is more of PR or a move to con foreign investors again. As for Centum, we agree he is heavily invested in there. But then again we know he has tricks up his sleeve which we are watching keenly. At least nowadays information is in plenty & easily accessible. Cc. Kenatco, Uchumi, Haco na zinginezo!!! Kenya right now is different than then . Anything little you do there will be media coverage ,there will be Internet to watch you and also any secret dealings will be noted by the number of stocks sold. During the yester years things were casual reporting and no Internet back ups. Should that "uchumi" sinister move tried to be pulled up again then he will be caught before he realizes
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
enyands wrote:Angelica _ann wrote:Gatheuzi wrote:ProverB wrote:sparkly wrote:ProverB wrote:Chris Kirubi spent a "paltry" KES 12M on 2million KQ shares... many waxed lyrical on why that is strategic and hence "vote of confidence" on KQ
What media delayed to announce was Chris Kirubi at the same time sunk KES 1BILLION more into Centum..
...but the same who were impressed by his move on KQ are seeing something sinister.
ok. 1Billion investment = "sinister move..do not trust Centum"
12 Million investment = "Bravo!!! Real patriotic! everyone go buy KQ"
seriously?
12M in KQ is a mere 1% of what dude put in centum... plus put in mind, he sold his 9% UAP stake for KES2.8 Billion to Old Mutual too by the way. It is not that he cannot afford more of KQ.
Who is fooling who here? @ProverB your defence of Centum and the DJ is impenetrable. Time for you to declare your interest in either... Sparkly.. not really.. I have centum..got in when it was about 27-30 I plan to sell at some point. My stand on KQ has remained since 2009... My issue is when people are using Kirubi as a metric for investing or dumping a stock. Buying KQ by him gets accolades...buying Centum...condemnation and suspicion... despite KQ puchase being 1% value of Centum purchase.. Anyway... as Aden Duale would say... "sio pesa ya mama yangu" #Happy Investing Those accolades might have been from @obiero. None of the two purchases have been off the usual sceptical view by wazuans. He may have fooled Uchumi investors then, but now, we are alert. Exactly nobody (except @Obiero for obvious reasons) has applauded DJ's meager investment in KQ. Infact all wazuans have been skeptical that it is more of PR or a move to con foreign investors again. As for Centum, we agree he is heavily invested in there. But then again we know he has tricks up his sleeve which we are watching keenly. At least nowadays information is in plenty & easily accessible. Cc. Kenatco, Uchumi, Haco na zinginezo!!! Kenya right now is different than then . Anything little you do there will be media coverage ,there will be Internet to watch you and also any secret dealings will be noted by the number of stocks sold. During the yester years things were casual reporting and no Internet back ups. Should that "uchumi" sinister move tried to be pulled up again then he will be caught before he realizes That can't stop him with the resources and wit the guy has, what you've mentioned can also be used as an advantage by him. he's clever and has the means The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Wazua
»
Investor
»
Stocks
»
Centum pays out KSH 1 billion to employees
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|