• Centum Investment Company Ltd
  • XUGA:CENT KAMPALA/Uganda
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  • About the Company
  • Centum Investment is a leading Pan-African investment company established in 1967, and cross-listed on the Nairobi Securities Exchange (NSE). Involved in private equity, real estate, listed equity investments across sub-Saharan Africa.

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Name Title Officer Since
Mr Moses Dhizaala Chairman 2015
Mr B.S Dhaka Managing Director 2015

KEY STOCK DATA

  • Profits
  • $40.76M
  • P/E Ratio
  • 6.5
  • Return on Equity
  • 4.35%
  • Dividend Yield
  • 0.05%
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Revenue per year in US $
Revenue is the money a company recieves for selling its goods or providing services. The higher the revenue, the better the company is performing.

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 The loan comes as Centum retires two facilities including a Sh3 billion ($30 million) loan from RMB which was set to mature in December 2017

The firm, however, said it is keen to finance growth organically, relying less on debts

South Africa’s Rand Merchant Bank (RMB) has handed investment firm Centum a Sh5 billion facility that will mature in 2021.

This comes after a South African ratings agency Global Credit Rating (GCR) approved Centum’s creditworthiness, giving the firm a long-term rating of A and a short-term rating of A1.

GCR said Centum’s net asset value has been on a growth trajectory from Sh14 billion in 2012 to Sh44.8 billion in 2017, a positive attribute informing the rating.

The loan comes as Centum retires two facilities including a Sh3 billion ($30 million) loan from RMB which was set to mature in December 2017. It also settled a Sh4.2 billion corporate mixed note which was set to mature this month.

Some of the lenders who bought into the Centum bond in 2012 will take home Sh191 million when the firm pays the debt on Wednesday.Centum issued an equity-linked note of Sh1.3 billion with a 12.75 per cent coupon plus an equity kicker of a maximum of 15 per cent of the par value that was linked to growth in net asset value per share.“Considering shareholders, at the point of the issue, Centum’s share price was at Sh11.75 as compared to a current share price of Sh41.75.

Turnover dropped 3 per cent to Sh1.4 billion in the period as reduced sales in Kenya took a toll

A 9 per cent drop in production and operating expenses boosted the company’s performance.

Going forward the firm says it will boost new revenue streams in line with its plan to shift its content to digital

Centum-owned #ticker:ICDC Longhorn Publishers #ticker:LKL has announced a 28.6 per cent rise in profit after tax for the year ended June 30, powered by cost-savings and strong regional sales.

The NSE-listed #ticker:NSE firm’s net profit increased to Sh133.87 million in the period compared with Sh104 million a year earlier, even as its turnover went down marginally.

Its turnover dropped 3 per cent to Sh1.4 billion in the period as reduced sales in Kenya took a toll on the publisher’s bottom line.

However, regional diversification paid off for the publisher in the period as total regional sales in Uganda, Tanzania, Malawi, Zambia, Rwanda and Senegal contributed 30 per cent of the group’s turnover compared with 20 per cent in the previous year. Efficiency A 9 per cent drop in production and operating expenses boosted the company’s performance.Longhorn recently sent home workers to stem costs and increase efficiency.“Despite the reduction in turnover, the group improved its profitability due to an increased emphasis on cost management and production efficiencies,” the company said in a statement on Friday.Going forward the firm says it will boost new revenue streams in line with its plan to shift its content to digital platforms with […]

Full article at www.nation.co.ke

Equity turnover at the Nairobi Securities Exchange (NSE) rose to 13 million U.S. dollars on a volume of 73 million shares from the previous session’s 7.9 million worth 1.4 million dollars, boosted by foreign investors trading of Safaricom.

The leading telecom moved a record 42 million shares at an unchanged price of 0.20 dollars. Monday, Safaricom traded 2.1 million shares as foreign investors kept off trading.

Electricity generator KenGen was the second best traded stock after moving 10 million shares at a high of 0.06 dollars.

Kenya Commercial Bank came third with 7.7 million shares that traded at 0.36 dollars, an increase of 3 percent.

At number four was Kenya Power with 4.4 million shares while Mumias Sugar closed the list of the top traded stocks with 3.3 million shares.

Most of the large stocks, however, went down or remained flat therefore pulling down the NSE 20 Share Index. Standard Chartered Bank, Centum Investment and East African Breweries are some of the top 20 stocks that declined.The index declined 8.11 points Tuesday to end the day at 3,221.19 down from 3,229.30 in the previous session. Monday, the index dropped 15 points from a high of 3,244.72. 

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Kampala — The interconnectedness of the Uganda Securities Exchange (USE) to the Nairobi Securities Exchange (NSE) has a lot to do with the dismal market performance in 2016.

The market had started the year with a capitalisation of Shs24.5 trillion but by Wednesday December 28, with only two days left to trading, it had fallen to Shs20.3 trillion.

The USE has eight cross-listed firms from the NSE, especially on account of commercial banks in Kenya losing value in their shareholding. Kenya Airways, Jubilee Holdings, Centum Investments, KCB Group, Equity Group, UCHUMI, Nation Media Group and East African Breweries are the eight cross-listed companies.

Cross-listing refers to where company shares are floated on a different stock exchange – in this case, a foreign country – after being listed on the primary stock exchange. In this case, the eight Kenyan companies are listed on the primary market (NSE) but cross-listed on the secondary market (USE).

These companies do have subsidiaries that do business in Uganda.

Capping interest rates On August 24, 2016 president Uhuru Kenyatta signed into law a law that allows Kenya to cap interest rates.The following day, listed Kenyan banks saw the value of their shares tumbled sending the stock markets in Kenya […]