Wazua
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CENTUM FY MARCH 13 RESULTS
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Profit for the year 2,509,396,000 compared to 1,189,405,000 a year ago. EPS 3.77 from 1.79 a year ago. No dividend or bonus.
Source todays business daily apge 10
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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No div. And no bonus you mean?if true they are very hungry for funding. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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At this profit rate; there should be breaking news
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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Anybody with the presentation that was being made at the SERENA ?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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The big power point presentation that has more details. and i dint hear the reply to the Coca cola taxation issue
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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madebe wrote:Anybody with the presentation that was being made at the SERENA ?
madebe wrote:The big power point presentation that has more details. and i dint hear the reply to the Coca cola taxation issue someone pls share the power point presentation on wazua@googlegroups.com
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Shareprice this morning has spoken my thoughts. The results are neither here nor there
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Would want to see the breakdown of this income. It it courtesy of revaluations?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Administrative expenses up a whopping 157% #No explaination given
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Finance cost up 74% #Expected
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Total Equity of the Group is less than of the Company #Bizarre
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Hehehe mwekez@ji, so is this share a lady with virtue (investments, strategy, leadership) but no beauty (cash, dividends, bonus)?
So overtime virtue will win the day but it will be a long bland and ugly wait.
* Dividends received from associates of 217m
now not enough to cater for administrative expenses of (379m)
* Net Cash genterated from
investing activites now (1.5b) from 1.4b previous year
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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muganda wrote:Hehehe mwekez@ji, so is this share a lady with virtue (investments, strategy, leadership) but no beauty (cash, dividends, bonus)?
So overtime virtue will win the day but it will be a long bland and ugly wait.
* Dividends received from associates of 217m
now not enough to cater for administrative expenses of (379m)
* Net Cash genterated from
investing activites now (1.5b) from 1.4b previous year
LQTM muganda. you put it very well. this share is a lady with virtue (which is still very blur coz it aint coming out well and she’s known for tricksters) and with no beauty (cash, dividends, bonus)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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#Noted > The new subsidiary, Centum Asset Managers Limited (CAM,) will start off managing a portfolio the existing portfolio of KES 5.7bn (KES 3.7bn Centum assets and 2bn third party funds). >> This CAM is basically the existing asset management function of Centum
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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madebe wrote:Anybody with the presentation that was being made at the SERENA ?
@Madebe, The powerpoint presentation >>> http://centum.co.ke/component/d...year-ended-31-march-2013The Published results >>> http://centum.co.ke/component/d...hed-results-fye-mar-2013
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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why is the management of centum so obsessed with the performance of the share price? Mr. Market has said 24/= so work hard through figures to show us the projects are viable and you can repay the loans and Mr. Market will respond
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Rank: Member Joined: 6/25/2010 Posts: 176
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mwekez@ji wrote:Would want to see the breakdown of this income. It it courtesy of revaluations? Obviously. Centum profits reflects market performance of the previous year. But they have reduced this exposure by decreasing quoted equity % in the portfolio. Not sure if it they reduced or percentage was reduced by virtue of Increased funds into the portfolio from the bonds Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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I am pretty happy with James's concern regarding Centum's share price. At the end of the day, CEOs should demonstrate that they can increase shareholder wealth and the share price is one of the key measures for this. I wish more CEOs had the share price as one of the measures of their success!!! mkonomtupu wrote:why is the management of centum so obsessed with the performance of the share price? Mr. Market has said 24/= so work hard through figures to show us the projects are viable and you can repay the loans and Mr. Market will respond
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Not impressed. EPS already reflecting gains in Real Estate....as it stands there is little discount to NAV/share...as a rule...only buy an investment firm when its trading at a 20% discount to NAV...so Centum at Sh23.75 is overvalued in my books...NAV/Share growth of 18% means Centum underfomed the NSE20 in 2012 which expanded more than 20%...not good for an asset manager.
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CENTUM FY MARCH 13 RESULTS
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