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Centum Full Year results 2017/2018
VituVingiSana
#61 Posted : Thursday, September 27, 2018 6:26:44 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,908
Location: Nairobi
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
RIEK01
#62 Posted : Thursday, September 27, 2018 6:54:06 PM
Rank: New-farer


Joined: 2/8/2018
Posts: 43
I think a major shareholder may have signed an agreement to sell his shares with the agreement that he collects dividends for financial year ended.
VituVingiSana
#63 Posted : Friday, September 28, 2018 12:56:13 AM
Rank: Chief


Joined: 1/3/2007
Posts: 14,908
Location: Nairobi
RIEK01 wrote:
I think a major shareholder may have signed an agreement to sell his shares with the agreement that he collects dividends for financial year ended.

Why not just take 1.20 less WHT more for the shares?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#64 Posted : Friday, September 28, 2018 3:21:12 AM
Rank: Elder


Joined: 6/23/2009
Posts: 10,640
Location: nairobi
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.

Whatever the idea, it's smelly
COOP 5,500; KCB 2,500; KQ 95,000
VituVingiSana
#65 Posted : Friday, September 28, 2018 7:09:47 AM
Rank: Chief


Joined: 1/3/2007
Posts: 14,908
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.

Whatever the idea, it's smelly

Getting a dividend one day early sure beats getting no dividend for 6 years Laughing out loudly Laughing out loudly Laughing out loudly
Cash in the bank vs an "Open Offer" in a loss-making entity
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#66 Posted : Friday, September 28, 2018 10:07:21 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,669
Location: NAIROBI
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.


It will still be payable on the balance sheet because the payment date is beyond 30 September.
A 1 day trading difference is not that significant
Pesa Nane
#67 Posted : Friday, September 28, 2018 2:24:54 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,933
Location: 08c
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.

They should then state as much instead of peddling a lie in the notice that "The change in register closure date shall result in earlier payment of dividends to shareholders"
Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#68 Posted : Friday, September 28, 2018 5:24:47 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,908
Location: Nairobi
Pesa Nane wrote:
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.

They should then state as much instead of peddling a lie in the notice that "The change in register closure date shall result in earlier payment of dividends to shareholders"
Yes, agreed. Why even close the register on 2nd Oct i.e. cross into another reporting period?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#69 Posted : Friday, September 28, 2018 5:46:11 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,669
Location: NAIROBI
VituVingiSana wrote:
Pesa Nane wrote:
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.

They should then state as much instead of peddling a lie in the notice that "The change in register closure date shall result in earlier payment of dividends to shareholders"
Yes, agreed. Why even close the register on 2nd Oct i.e. cross into another reporting period?


Centum in collabo with DJ CK and James Mworia for you
VituVingiSana
#70 Posted : Friday, September 28, 2018 7:24:29 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,908
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Pesa Nane wrote:
VituVingiSana wrote:
@PesaNane - Here is a thought. The 1H ends on 30th Sep so they want it out of the way as a payable item on their balance sheet. As stated earlier I don’t know why they changed the date.

They should then state as much instead of peddling a lie in the notice that "The change in register closure date shall result in earlier payment of dividends to shareholders"
Yes, agreed. Why even close the register on 2nd Oct i.e. cross into another reporting period?


Centum in collabo with DJ CK and James Mworia for you
But the why isn't answered. Just conspiracy theories. In the meantime, I will get my dividend one day sooner Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#71 Posted : Wednesday, October 03, 2018 7:43:26 PM
Rank: Elder


Joined: 12/4/2009
Posts: 5,669
Location: NAIROBI
https://www.businessdail...89624-mwuaoy/index.html
Lamu coal plant hits snag as court reinstates stop orders

The fate of the Sh200 billion Lamu coal fired power plant now hangs in the balance following a recent move by the High Court sitting in Nairobi to reinstate all the stop orders concerning the establishment of the project.

The project under the Amu Power Company, a consortium of Gulf Energy and Centum Investment is set to be established at Kwasasi Village in Hindi Division in Lamu West.

vvs I leave this for you
Angelica _ann
#72 Posted : Wednesday, October 03, 2018 7:50:33 PM
Rank: Elder


Joined: 12/7/2012
Posts: 9,523
Ericsson wrote:
https://www.businessdailyafrica.com/news/counties/4003142-4789624-mwuaoy/index.html
Lamu coal plant hits snag as court reinstates stop orders

The fate of the Sh200 billion Lamu coal fired power plant now hangs in the balance following a recent move by the High Court sitting in Nairobi to reinstate all the stop orders concerning the establishment of the project.

The project under the Amu Power Company, a consortium of Gulf Energy and Centum Investment is set to be established at Kwasasi Village in Hindi Division in Lamu West.

vvs I leave this for you


Poor Centum, Mr. Fix it missing now this. Only attractive thing about this share is Vipingo land.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
VituVingiSana
#73 Posted : Wednesday, October 03, 2018 8:29:37 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,908
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/news/counties/4003142-4789624-mwuaoy/index.html
Lamu coal plant hits snag as court reinstates stop orders

The fate of the Sh200 billion Lamu coal fired power plant now hangs in the balance following a recent move by the High Court sitting in Nairobi to reinstate all the stop orders concerning the establishment of the project.

The project under the Amu Power Company, a consortium of Gulf Energy and Centum Investment is set to be established at Kwasasi Village in Hindi Division in Lamu West.

vvs I leave this for you

Thank you. Don't stress. You win some, lose some projects.
Even WB doesn't win in each deal.

Current Price: 28.50 [bought a few with the Stanbic dividend]
NAV at March 2018: 73/-
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#74 Posted : Wednesday, October 03, 2018 8:32:36 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,908
Location: Nairobi
Angelica _ann wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/news/counties/4003142-4789624-mwuaoy/index.html
Lamu coal plant hits snag as court reinstates stop orders

The fate of the Sh200 billion Lamu coal fired power plant now hangs in the balance following a recent move by the High Court sitting in Nairobi to reinstate all the stop orders concerning the establishment of the project.

The project under the Amu Power Company, a consortium of Gulf Energy and Centum Investment is set to be established at Kwasasi Village in Hindi Division in Lamu West.

vvs I leave this for you


Poor Centum, Mr. Fix it missing now this. Only attractive thing about this share is Vipingo land.

So is there no value to Almasi, Nairobi Bottlers, Two Rivers (the unsold land), GM?

How did you come to this conclusion?
I am happy to hear your thoughts/analysis.

Thank you.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#75 Posted : Wednesday, October 03, 2018 11:03:51 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,908
Location: Nairobi
Martin J. Whitman is another well-regarded value investor. His approach is called safe-and-cheap, which was hitherto referred to as financial-integrity approach. Martin Whitman focuses on acquiring common shares of companies with extremely strong financial position at a price reflecting meaningful discount to the estimated NAV of the company concerned.

Buying Price 28.50
NAV (31st Mar 2018) 73.00
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#76 Posted : Thursday, October 04, 2018 10:35:45 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,908
Location: Nairobi
Safaricom Investment Coop is selling 1/8 acre residential plots for 895k. Ad in Nation.
That's approx 7mn/acre.

2015: In the deal, Centum will acquire a total of 9,646 acres of land in Vipingo at a price of Sh180,000 per acre as well as take Rea Vipingo’s subsidiary, Vipingo Estates Limited which owns approximately 900 acres of land, at a price of approximately Sh340 million.
https://www.capitalfm.co...ve-land-sale-to-centum/

Not exactly an apples to apples comparisons but 7mn x 10,000 acres = 70,000,000,000 (Seventy Billion) less a 30% discount for roads, public spaces, infrastructure (serviced plots), etc = 50bn
50bn less sales cost, additional financing costs, etc = ????
http://vipingodevelopment.com

Centum breaks ground for Sh100 billion industrial park
Read more at: https://www.standardmedi...lion-new-gem-in-vipingo
Dubbed Vipingo Investment Park, the project is offering interested investors 1,150 acres of serviced plots for manufacturing, warehousing, logistics and commercial developments at between Sh18 million and Sh20 million per acre.

...to develop a residential estate, Vipingo Awali Estate, which will be part of the planned 200-acre Vipingo Lifestyle City. “We are also looking into the affordable housing segment. We will have the the Ridge Homes that will see the development of 1,200 units consisting of one-, two-, and three-bedroom apartments going for less than Sh4 million per unit,” Centum said in a statement.

It's important to note that this is LONG-TERM PROJECT and will require a lot more planning and execution...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#77 Posted : Friday, October 05, 2018 12:31:47 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,669
Location: NAIROBI
VituVingiSana wrote:
Safaricom Investment Coop is selling 1/8 acre residential plots for 895k. Ad in Nation.
That's approx 7mn/acre.

2015: In the deal, Centum will acquire a total of 9,646 acres of land in Vipingo at a price of Sh180,000 per acre as well as take Rea Vipingo’s subsidiary, Vipingo Estates Limited which owns approximately 900 acres of land, at a price of approximately Sh340 million.
https://www.capitalfm.co...ve-land-sale-to-centum/

Not exactly an apples to apples comparisons but 7mn x 10,000 acres = 70,000,000,000 (Seventy Billion) less a 30% discount for roads, public spaces, infrastructure (serviced plots), etc = 50bn
50bn less sales cost, additional financing costs, etc = ????
http://vipingodevelopment.com

Centum breaks ground for Sh100 billion industrial park
Read more at: https://www.standardmedi...lion-new-gem-in-vipingo
Dubbed Vipingo Investment Park, the project is offering interested investors 1,150 acres of serviced plots for manufacturing, warehousing, logistics and commercial developments at between Sh18 million and Sh20 million per acre.

...to develop a residential estate, Vipingo Awali Estate, which will be part of the planned 200-acre Vipingo Lifestyle City. “We are also looking into the affordable housing segment. We will have the the Ridge Homes that will see the development of 1,200 units consisting of one-, two-, and three-bedroom apartments going for less than Sh4 million per unit,” Centum said in a statement.

It's important to note that this is LONG-TERM PROJECT and will require a lot more planning and execution...


If companies were to be valued using land east africa portland Cement will be the richest in the NSE
VituVingiSana
#78 Posted : Friday, October 05, 2018 3:25:57 AM
Rank: Chief


Joined: 1/3/2007
Posts: 14,908
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Safaricom Investment Coop is selling 1/8 acre residential plots for 895k. Ad in Nation.
That's approx 7mn/acre.

2015: In the deal, Centum will acquire a total of 9,646 acres of land in Vipingo at a price of Sh180,000 per acre as well as take Rea Vipingo’s subsidiary, Vipingo Estates Limited which owns approximately 900 acres of land, at a price of approximately Sh340 million.
https://www.capitalfm.co...ve-land-sale-to-centum/

Not exactly an apples to apples comparisons but 7mn x 10,000 acres = 70,000,000,000 (Seventy Billion) less a 30% discount for roads, public spaces, infrastructure (serviced plots), etc = 50bn
50bn less sales cost, additional financing costs, etc = ????
http://vipingodevelopment.com

Centum breaks ground for Sh100 billion industrial park
Read more at: https://www.standardmedi...lion-new-gem-in-vipingo
Dubbed Vipingo Investment Park, the project is offering interested investors 1,150 acres of serviced plots for manufacturing, warehousing, logistics and commercial developments at between Sh18 million and Sh20 million per acre.

...to develop a residential estate, Vipingo Awali Estate, which will be part of the planned 200-acre Vipingo Lifestyle City. “We are also looking into the affordable housing segment. We will have the the Ridge Homes that will see the development of 1,200 units consisting of one-, two-, and three-bedroom apartments going for less than Sh4 million per unit,” Centum said in a statement.

It's important to note that this is LONG-TERM PROJECT and will require a lot more planning and execution...


If companies were to be valued using land east africa portland Cement will be the richest in the NSE
Is EAPCC allowed to sell the land without drama?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#79 Posted : Friday, October 05, 2018 8:20:25 AM
Rank: Elder


Joined: 12/4/2009
Posts: 5,669
Location: NAIROBI
Centum has now turned to a land buying company from a blue chip one.
watesh
#80 Posted : Friday, October 05, 2018 9:21:50 AM
Rank: Member


Joined: 8/10/2014
Posts: 692
Location: Kenya
Ericsson wrote:
Centum has now turned to a land buying company from a blue chip one.

Land is good to get those paper gains they like but a nightmare when it comes to cashflow.
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