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9 Pages«<6789>
Centum Full Year results 2017/2018
VituVingiSana
#141 Posted : Monday, December 10, 2018 10:57:43 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,150
Location: Nairobi
Centum owned Sabis School injects Sh1bn for expansion
https://www.businessdail...9822-eg8e1ez/index.html
The Runda based elite school which welcomed its first batch of 100 students in September this year expects the second phase of expansion in Runda will raise its admission capacity to a total of 1,200 students.
"We expect to admit hundreds of more students starting next year based on the interest recorded from parents," said Mr Kleynhans in a statement.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Kalameni
#142 Posted : Tuesday, December 11, 2018 10:10:35 AM
Rank: New-farer


Joined: 9/20/2010
Posts: 78
@VVS that school fees is some people's annual salary.If the market/demand is there then it's a good investment.
VituVingiSana
#143 Posted : Tuesday, December 11, 2018 10:26:05 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,150
Location: Nairobi
Kalameni wrote:
@VVS that school fees is some people's annual salary.If the market/demand is there then it's a good investment.

Sabis is in direct competition with other elite learning institutions such as the German School, International School of Kenya, Potterhouse School, Braeburn, Rosslyn Academy, Kenton and St Andrews Turi.

The international schools space has recently benefited from a steady growth of the middle class and the large pool of expatriates working for multinationals, foreign governments and global institutions like the UN. The top-of-the-range schools charge annual fees of between Sh200,000 and Sh600,000 for day scholars while those in boarding school pay up to Sh1.7 million a year.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
rwitre
#144 Posted : Monday, December 24, 2018 12:05:47 PM
Rank: Member


Joined: 3/8/2018
Posts: 338
Location: Nairobi
Where is this one going? I was quietly loading up at 28 then it suddenly decides to take off with all supply being cleared up.

Sellers come back. Obey the bear and give us a Christmas discount Laughing out loudly
VituVingiSana
#145 Posted : Monday, December 24, 2018 1:01:02 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,150
Location: Nairobi
rwitre wrote:
Where is this one going? I was quietly loading up at 28 then it suddenly decides to take off with all supply being cleared up.

Sellers come back. Obey the bear and give us a Christmas discount Laughing out loudly
Sad Sad Sad #TukoPamoja
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
rwitre
#146 Posted : Friday, January 18, 2019 12:12:02 PM
Rank: Member


Joined: 3/8/2018
Posts: 338
Location: Nairobi
VituVingiSana wrote:
rwitre wrote:
Where is this one going? I was quietly loading up at 28 then it suddenly decides to take off with all supply being cleared up.

Sellers come back. Obey the bear and give us a Christmas discount Laughing out loudly


Sad Sad Sad #TukoPamoja


Sigh# Hii imeenda.

Current: 35 (High 36.2, Low 33)

My regret is not buying more sooner. Anyway 25% gains in about a month is not bad.

Still heavily discounted though. Letting it ride before offloading. Of course if it retreats we will pounce on more.
VituVingiSana
#147 Posted : Friday, January 18, 2019 6:27:33 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,150
Location: Nairobi
rwitre wrote:
VituVingiSana wrote:
rwitre wrote:
Where is this one going? I was quietly loading up at 28 then it suddenly decides to take off with all supply being cleared up.

Sellers come back. Obey the bear and give us a Christmas discount Laughing out loudly


Sad Sad Sad #TukoPamoja


Sigh# Hii imeenda.

Current: 35 (High 36.2, Low 33)

My regret is not buying more sooner. Anyway 25% gains in about a month is not bad.

Still heavily discounted though. Letting it ride before offloading. Of course if it retreats we will pounce on more.
Yep! Except the off-loading part. I am staying in until we see the fruits harvested.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
rwitre
#148 Posted : Friday, February 01, 2019 3:20:42 PM
Rank: Member


Joined: 3/8/2018
Posts: 338
Location: Nairobi
Closes the week at 37.3

Just over a month ago it was on sale at 28.

33% gain in 5 weeks. Still heavily discounted. Tuendelee kupanda tu polepole.

Watu wa "dustbowl is everything" look away. There is no money to be made here. The stock market is a scam. Only gangsters in suits can thrive. Laughing out loudly
Angelica _ann
#149 Posted : Friday, February 01, 2019 3:45:03 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,688
rwitre wrote:
Closes the week at 37.3

Just over a month ago it was on sale at 28.

33% gain in 5 weeks. Still heavily discounted. Tuendelee kupanda tu polepole.

Watu wa "dustbowl is everything" look away. There is no money to be made here. The stock market is a scam. Only gangsters in suits can thrive. Laughing out loudly


Laughing out loudly Laughing out loudly Laughing out loudly You are looking for the wrath of @mugundaman.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
mlennyma
#150 Posted : Tuesday, February 05, 2019 10:09:16 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,948
Location: nairobi
Gaining on speculative volume.
"Don't let the fear of losing be greater than the excitement of winning."
VituVingiSana
#151 Posted : Tuesday, February 05, 2019 10:33:12 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,150
Location: Nairobi
mlennyma wrote:
Gaining on speculative volume.

Sina chapaa but I believe in it for the medium term. Sina insider info Laughing out loudly Laughing out loudly Laughing out loudly
I read the Annual Report and the Investor Presentation.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#152 Posted : Monday, May 20, 2019 10:30:56 AM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,695
Location: Kitale
Total. liabilities-45,391,000

Total equity-50,897,000

Debt to equity ratio-89%
Towards the goal of financial freedom
VituVingiSana
#153 Posted : Monday, May 20, 2019 10:56:43 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,150
Location: Nairobi
Ebenyo wrote:
Total. liabilities-45,391,000

Total equity-50,897,000

Debt to equity ratio-89%

From the Debt you should deduct the cash (and liquid assets) they have.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ebenyo
#154 Posted : Monday, May 20, 2019 3:22:50 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,695
Location: Kitale
VituVingiSana wrote:
Ebenyo wrote:
Total. liabilities-45,391,000

Total equity-50,897,000

Debt to equity ratio-89%

From the Debt you should deduct the cash (and liquid assets) they have.




That means there is some sort of reliance on sidian bank which is loss making.
The amount you are saying is titled customer deposit which is 12,832,000.
kwani sidian bank only have 12m in deposits?
Towards the goal of financial freedom
Ericsson
#155 Posted : Monday, May 20, 2019 3:31:00 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,024
Location: NAIROBI
Ebenyo wrote:
VituVingiSana wrote:
Ebenyo wrote:
Total. liabilities-45,391,000

Total equity-50,897,000

Debt to equity ratio-89%

From the Debt you should deduct the cash (and liquid assets) they have.




That means there is some sort of reliance on sidian bank which is loss making.
The amount you are saying is titled customer deposit which is 12,832,000.
kwani sidian bank only have 12m in deposits?

As per FY2017 results yes
obiero
#156 Posted : Monday, May 20, 2019 8:14:17 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,970
Location: nairobi
Trash
COOP 5,500; KCB 3,700; KQ 221,100
Ericsson
#157 Posted : Monday, May 20, 2019 10:08:14 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,024
Location: NAIROBI
obiero wrote:
Trash


It is fattened for slaughter
obiero
#158 Posted : Monday, May 20, 2019 10:25:16 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,970
Location: nairobi
Ericsson wrote:
obiero wrote:
Trash


It is fattened for slaughter

Clear manipulation on the provisions as well as commission and fees
COOP 5,500; KCB 3,700; KQ 221,100
VituVingiSana
#159 Posted : Tuesday, May 21, 2019 1:05:00 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,150
Location: Nairobi
Ebenyo wrote:
VituVingiSana wrote:
Ebenyo wrote:
Total. liabilities-45,391,000

Total equity-50,897,000

Debt to equity ratio-89%

From the Debt you should deduct the cash (and liquid assets) they have.


That means there is some sort of reliance on sidian bank which is loss making.
The amount you are saying is titled customer deposit which is 12,832,000.
kwani sidian bank only have 12m in deposits?

Customer Deposits are 12.8 BILLION.
From the 45bn you should deduct the portion at that attributable to bank deposits and bank borrowings given these are not obligations of Centum and Centum does not have direct access to these funds.
As an example: If HF goes under, then Britam loses its deposits at HF and the % of its portion of shareholders capital.

45bn - 12.8bn - 3.2bn = 29bn
* Deferred Income Tax may or may no be considered a liability for this calculation given it only mature if there is a taxable event.

There are other "Minority Shareholders" in the group so let's look at the D:E Ratio for the "Company" which is more representative.
Debt: 17.4bn
Equity: 48.7bn
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#160 Posted : Tuesday, May 21, 2019 1:13:04 AM
Rank: Chief


Joined: 1/3/2007
Posts: 16,150
Location: Nairobi
obiero wrote:
Trash

Thanks for this information. Very kind of you.
Sidian Bank posts Sh22 million profit on income jump
https://www.businessdail...4136-wmn7jvz/index.html

I am glad that Sidian has posted its first quarterly profit as far as I can remember after the interest rate cap. This Jan-Mar 2019 results will contribute to the FY19 results for Centum. Applause

Let's see how 2Q shapes up but if Sidian keeps up the good work then I see a ongoing contributions to Centum's FY19-23 results.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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