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Centum pays out KSH 1 billion to employees
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enyands
#161 Posted : Tuesday, September 29, 2015 12:50:00 AM
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Joined: 12/25/2014
Posts: 2,301
Location: kenya
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.



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ngapat
#162 Posted : Tuesday, September 29, 2015 12:11:53 PM
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Joined: 12/11/2006
Posts: 896
NAV is an unrealized value which can go down should a catastrophic incident occur in future. The employee here is not exposed to such risks and will still have got his bonus.


Why should an employee feel like they are doing shareholders a favour.

In any case, the shareholder has risked his capital to create a job for the employee hence its the shareholder doing the employee a favour.

Its theory X employees who are motivated by money.
“Invest in yourself. Your career is the engine of your wealth.”
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washiku
#163 Posted : Wednesday, September 30, 2015 3:27:41 PM
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streetwise
#164 Posted : Wednesday, September 30, 2015 3:29:17 PM
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Joined: 6/23/2011
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Location: Nairobi
I said before the only thing there is to sell is news
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Ericsson
#165 Posted : Wednesday, September 30, 2015 4:35:16 PM
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These guys have bribed business Daily to sell news.
There is nothing material in this news
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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ngapat
#166 Posted : Wednesday, September 30, 2015 7:20:45 PM
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NSE board wants the kind of bonuses in Centum to be introduced at NSE
“Invest in yourself. Your career is the engine of your wealth.”
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grahamsdisciple
#167 Posted : Tuesday, October 20, 2015 9:26:22 AM
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Joined: 10/19/2015
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Those bonuses were crazy. As yourself if Buffett or Soros would condone such enrichment of managers at the expense of shareholders. In spirit I agree with their centum 3.0 strategy of creating business opportunities because let's face it there aren't many private equity deals out there. Nonetheless, an increasingly quixotic balance sheet and earnings that can be manipulated more and more easily. Note in point is adding a line in their 2015 balance sheet of "loans and advances" referring to K-rep b.sheet all to boost NAV.

Investing is an issue of personal risk and preferences, but the downside or "black swan" in this company is quite big.
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mv_ufanisi
#168 Posted : Wednesday, October 21, 2015 1:08:42 PM
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Meanwhile this share is creeping slowly towards low 40s. According to the company PR (released during a bull market when shareholders were giddy), the shareholders that don't get dividends can always take money out by selling their stock on the open market. Small detail is that the share price is already down more than 20% for the year 2015. Pity those who bought into the hype when it was trading at 80s who are now down more than 40%. Shareholders and Management live in parallel universes.
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Impunity
#169 Posted : Sunday, October 25, 2015 6:06:04 PM
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Joined: 3/2/2009
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Which are the prime assets that Centum fully owns and which can be liquidated if shit hits the fan.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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enyands
#170 Posted : Sunday, October 25, 2015 7:05:36 PM
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Joined: 12/25/2014
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mv_ufanisi wrote:
Meanwhile this share is creeping slowly towards low 40s. According to the company PR (released during a bull market when shareholders were giddy), the shareholders that don't get dividends can always take money out by selling their stock on the open market. Small detail is that the share price is already down more than 20% for the year 2015. Pity those who bought into the hype when it was trading at 80s who are now down more than 40%. Shareholders and Management live in parallel universes.


DJ once mentioned that the after paying the employees one billion,the shareholders will be having a "surprise too". anyone who has been surprised since then?
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watesh
#171 Posted : Sunday, October 25, 2015 9:55:25 PM
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Joined: 8/10/2014
Posts: 989
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enyands wrote:
mv_ufanisi wrote:
Meanwhile this share is creeping slowly towards low 40s. According to the company PR (released during a bull market when shareholders were giddy), the shareholders that don't get dividends can always take money out by selling their stock on the open market. Small detail is that the share price is already down more than 20% for the year 2015. Pity those who bought into the hype when it was trading at 80s who are now down more than 40%. Shareholders and Management live in parallel universes.


DJ once mentioned that the after paying the employees one billion,the shareholders will be having a "surprise too". anyone who has been surprised since then?

Hahaha the share price drop was a nice surprise
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enyands
#172 Posted : Sunday, October 25, 2015 11:17:17 PM
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Joined: 12/25/2014
Posts: 2,301
Location: kenya
watesh wrote:
enyands wrote:
mv_ufanisi wrote:
Meanwhile this share is creeping slowly towards low 40s. According to the company PR (released during a bull market when shareholders were giddy), the shareholders that don't get dividends can always take money out by selling their stock on the open market. Small detail is that the share price is already down more than 20% for the year 2015. Pity those who bought into the hype when it was trading at 80s who are now down more than 40%. Shareholders and Management live in parallel universes.


DJ once mentioned that the after paying the employees one billion,the shareholders will be having a "surprise too". anyone who has been surprised since then?

Hahaha the share price drop was a nice surprise



total impunity ,
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Sir invest
#173 Posted : Monday, October 26, 2015 8:26:32 AM
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And Kenyans are always warned not to touch where DJ is......rest u burn your fingers!!!
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Impunity
#174 Posted : Monday, October 26, 2015 9:30:31 AM
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Location: Masada
Sir invest wrote:
And Kenyans are always warned not to touch where DJ is......rest u burn your fingers!!!


But any kenyan who carefully follow dj's move can be very rich.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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lochaes
#175 Posted : Sunday, November 01, 2015 9:42:12 PM
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Cash flow issues at Two rivers?
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mawinder
#176 Posted : Sunday, November 01, 2015 9:56:54 PM
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lochaes wrote:
Cash flow issues at Two rivers?

Why/link?
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lochaes
#177 Posted : Sunday, November 01, 2015 10:21:38 PM
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mawinder wrote:
lochaes wrote:
Cash flow issues at Two rivers?

Why/link?


material suppliers have not been paid for a while now. No link. word on the ground
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enyands
#178 Posted : Sunday, November 01, 2015 10:53:35 PM
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lochaes wrote:
mawinder wrote:
lochaes wrote:
Cash flow issues at Two rivers?

Why/link?


material suppliers have not been paid for a while now. No link. word on the ground


They should ask for rights issue we sort them out
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Kusadikika
#179 Posted : Sunday, November 01, 2015 11:09:40 PM
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Joined: 7/22/2008
Posts: 2,716
lochaes wrote:
mawinder wrote:
lochaes wrote:
Cash flow issues at Two rivers?

Why/link?


material suppliers have not been paid for a while now. No link. word on the ground


I hope this is not true but I am not surprised. An investment company Centum decided to form a wholly owned subsidiary to build 2 rivers. The more money they raised the more they kept changing plans to build bigger even before they had completed any parts. They keep talking about all the environmental aspects of the project while there is not a lot of talk about the tenants. The only one being mentioned is Carrefour and the way they started out by being elitist and disrespectful to suppliers I am not very optimistic about their success.

At this point Centum can still keep increasing the valuation of the project thus giving the impression that they are making money but soon they will have a completed or half completed mall with empty shops and that is when hard reality will hit home. They will be forced to show real cash flow and not just fictitious valuation gains but I guess they are hoping by then they will have started on the Lamu Coal plant project and this game of numbers will start again.
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muandiwambeu
#180 Posted : Sunday, November 01, 2015 11:44:24 PM
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Joined: 8/28/2015
Posts: 1,247
[quote=Impunity]Which are the prime assets that Centum fully owns and which can be liquidated if shit hits the fan.[/quote:
^o and if it ever hit the fan @ impunity always know the distribution is never equal. dj will be spinning it half a world away, n the mc will be the cj. the tall pecking order and the anguish of hot air pockets revelation will be stunning. probably great hypothetical business plans or do i say.
,Behold, a sower went forth to sow;....
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