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Christopher Kirubi buying additional Centum shares
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Christopher Kirubi on Wednesday 18th September 2013 served Centum with a notice to acquire an additional 32.66 million shares. Dr Kirubi together with associated companies controls 24.99 percent of the total issued ordinary shares and the additional shares will see him control 29.90 percent. He has applied for an exemption from complying with the requirement to make a take-over offer. The shares shall be sourced from the secondary market and based on yesterday’s closing price of KES 24.00 he is expected to pay approximately KES 734 million. (Source: D&B)
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Rank: Elder Joined: 8/16/2011 Posts: 2,297
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 If you have the monies, use them to look for more. The dude is an equal employer in Kenya. mwekez@ji wrote:Christopher Kirubi on Wednesday 18th September 2013 served Centum with a notice to acquire an additional 32.66 million shares. Dr Kirubi together with associated companies controls 24.99 percent of the total issued ordinary shares and the additional shares will see him control 29.90 percent. He has applied for an exemption from complying with the requirement to make a take-over offer. The shares shall be sourced from the secondary market and based on yesterday’s closing price of KES 24.00 he is expected to pay approximately KES 734 million. (Source: D&B)
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Hmmn I'd have loved to quote a profound investor on buy signals and all; almost equatable to a red light...
Shareholding Analysis 2013:
2) Christopher John Kirubi __122m__ shares, 18.36%
3) Kiruma International Ltd __32m__ shares, 4.82%
4) CFC Stanbic Nominees Ltd A/C R 48701 and 48703 __36m__shares 5.52%
8) International House Ltd __5.3m__ shares 0.81%
Is this just a clean-up exercise with a flashing siren to boot?
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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What has he seen this time round? Anyway money chases money.... Thieves
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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muganda wrote:Hmmn I'd have loved to quote a profound investor on buy signals and all; almost equatable to a red light...
Shareholding Analysis 2013:
2) Christopher John Kirubi __122m__ shares, 18.36%
3) Kiruma International Ltd __32m__ shares, 4.82%
Is this just a clean-up exercise with a flashing siren to boot?
I was wondering whre the willing sellers will come from.The above explains it.Who is Kiruma? I also read in an Ad that he will not make a take over bid...What about in the near future?
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Sorry @Chaka, I was just about to add two more lines. Shareholding Analysis 2013:2) Christopher John Kirubi __122m__ shares, 18.36% 3) Kiruma International Ltd __32m__ shares, 4.82% 4) CFC Stanbic Nominees Ltd A/C R 48701 and 48703 __36m__shares 5.52% 8) International House Ltd __5.3m__ shares 0.81% Kirubi already has an interest in all these top shareholder accounts. Which surprising add up to 29.51%What would be the other reason of announcing if it would just raise the price you'll pay? Even Carl Icanh's multibillion dollar tweet spoke of purchase of AAPL shares after the fact, not before! http://finance.yahoo.com/blogs/...ple-stock-205938760.html.
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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cant get any info anywhere on this
im calling fake on this story, post a link or otherwise to verify
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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kizee1 wrote:cant get any info anywhere on this
im calling fake on this story, post a link or otherwise to verify @kizee1, The gentleman has put a small Ad in today's DN I don't have the paper nearby so cannot point you the page..
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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Chaka wrote:kizee1 wrote:cant get any info anywhere on this
im calling fake on this story, post a link or otherwise to verify @kizee1, The gentleman has put a small Ad in today's DN I don't have the paper nearby so cannot point you the page.. thanks chaka apols for calling you out falsely OP nation page 40,very small indeed!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mwekez@ji wrote:Christopher Kirubi on Wednesday 18th September 2013 served Centum with a notice to acquire an additional 32.66 million shares. Dr Kirubi together with associated companies controls 24.99 percent of the total issued ordinary shares and the additional shares will see him control 29.90 percent. He has applied for an exemption from complying with the requirement to make a take-over offer. The shares shall be sourced from the secondary market and based on yesterday’s closing price of KES 24.00 he is expected to pay approximately KES 734 million. (Source: D&B) Does he know something we don't know? Hint: planning for capital gains tax. Life is short. Live passionately.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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sparkly wrote:mwekez@ji wrote:Christopher Kirubi on Wednesday 18th September 2013 served Centum with a notice to acquire an additional 32.66 million shares. Dr Kirubi together with associated companies controls 24.99 percent of the total issued ordinary shares and the additional shares will see him control 29.90 percent. He has applied for an exemption from complying with the requirement to make a take-over offer. The shares shall be sourced from the secondary market and based on yesterday’s closing price of KES 24.00 he is expected to pay approximately KES 734 million. (Source: D&B) Does he know something we don't know? Hint: planning for capital gains tax. He is exuding a lot of confidence in the counter. His Target Price is over 100 bob
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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Will hype the share, call wanjiku in then sale and buy again at some dip. Chris is a guru in this. Thieves
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Realtreaty wrote: I waited for Centum while it was in garage at 14 hoping to buy one day. But now it is in air at 26 and ascending to the cruising level with belts and no smoking lights illuminating mening it could touch its original height of 40 in coming months. If you see ants moving fast prepare for planting season. The dude know what they meant by dividends and.... will be paid in 2014 after few years freeze.!!!!! :D @Realtreaty, the rally is not about dividend. Centum has explicitly said the no-dividend-policy will continue beyond 2014
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Rank: Veteran Joined: 2/21/2012 Posts: 1,739
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kizee1 wrote:Chaka wrote:kizee1 wrote:cant get any info anywhere on this
im calling fake on this story, post a link or otherwise to verify @kizee1, The gentleman has put a small Ad in today's DN I don't have the paper nearby so cannot point you the page.. thanks chaka apols for calling you out falsely OP nation page 40,very small indeed! Story on Business daily today, Page 8 Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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25 to turn from resistance to support¿ cc @hisah 
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Am wrote:Story on Business daily today, Page 8 http://www.businessdailyafrica....14/-/7cau8o/-/index.htmlNo dividend beyond 2014 mwekez@ji, hmmmn...
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Yaani one Kenyan investor can make a counter shoot up by over 20%! Interesting. I still think this is overreacting.
BBI will solve it :)
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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2012 wrote:Yaani one Kenyan investor can make a counter shoot up by over 20%! Interesting. I still think this is overreacting. @2012. Its not just another investors. Dr. Christopher J. Kirubi (71yrs) (largest individual investor in Centum)•Dr. Christopher J. Kirubi has been a non-executive Director since December 1997, he served as Chairman of the Board between 1998 and 2003. • He is the Chairman of Centum Investment Committee. • He is a well known Kenyan industrialist with interest in FMCG, media and communications. • He is a graduate of Insead and the Harvard Business School. • He was appointed a director Harvard Business School in 2012. • He is the Chairman of DHL World Wide Express Limited, Haco Industries Kenya Limited, Kiruma International Limited, International House Limited, Nairobi Bottlers Limited, Sandvik East Africa Limited and Capital FM. • He is Non-executive director of Bayer East Africa Limited, UAP Provincial Insurance Company Limited and Beverage Services of Kenya Limited.
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Rank: Elder Joined: 6/20/2012 Posts: 3,855 Location: Othumo
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mwekez@ji wrote:2012 wrote:Yaani one Kenyan investor can make a counter shoot up by over 20%! Interesting. I still think this is overreacting. @2012. Its not just another investors. Dr. Christopher J. Kirubi (71yrs)(largest individual investor in Centum•Dr. Christopher J. Kirubi has been a non-executive Director since December 1997, he served as Chairman of the Board between 1998 and 2003. • He is the Chairman of Centum Investment Committee. • He is a well known Kenyan industrialist with interest in FMCG, media and communications. • He is a graduate of Insead and the Harvard Business School. • He was appointed a director Harvard Business School in 2012. • He is the Chairman of DHL World Wide Express Limited, Haco Industries Kenya Limited, Kiruma International Limited, International House Limited, Nairobi Bottlers Limited, Sandvik East Africa Limited and Capital FM. • He is Non-executive director of Bayer East Africa Limited, UAP Provincial Insurance Company Limited and Beverage Services of Kenya Limited. Impresive. But dont forget Uchumi, Kenatco and others we dont know. Thieves
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