Centum Real Estate is targeting homeowners and investors with Sh4 million one bedroom houses on Mombasa and Ngong roads, as the firm seeks to increase revenues following the decline in its half year profits. The subsidiary of Centum Investment Company is seeking joint venture (JV) agreements with land owners in construction of housing units along […]
Nairobi Securities Exchange trading floor. PHOTO | NMG Firms that have made positive corporate moves in the stock market such as bonus issuances and buyouts like Nairobi Business Ventures (NBV) have also recorded higher gains relative to peers. But investors have punished top firms viewed to struggle under effects of Covid-19, including East Africa Breweries […]
More than half of stock prices at the Nairobi Securities Exchange (NSE) have yet to return to their pre-Covid-19 levels amid the full recovery of the bourse and economic revival from the pandemic-induced slump. Of the 58 actively traded counters, 31 are trading below their closing price on March 12, 2020, when Kenya announced the […]
Centum CEO James Mworia. PHOTO | COURTESY Centum Investments Co. PLC is planning a stake sale of its property subsidiary as it seeks to unlock capital gains while reducing its exposure to the volatility of property prices. According to group chief executive James Mworia, Centum is open to selling part or all of its stake […]
Centum Investment Company Plc plans to take measures to address the firm’s undervaluation on the Nairobi Securities Exchange (NSE) where its stock trades at less than a third of the value of net assets. The company’s board of directors said at the virtual annual general meeting held on Friday that the big valuation gap has […]
Centum Investment Company Plc plans to sell part or all of its shareholding in its property development subsidiary Centum Real Estate Limited that was valued at Sh16.6 billion in the year ended March. The proposed transaction is expected to result in major capital gains for the Nairobi Securities Exchange-listed firm besides reducing the concentration of […]
The family of the late Chris Kirubi says it retains the businessman’s option to buy an additional 126.8 million shares in Centum Investment Company Plc with a current market value of Sh2.1 billion. Mr Kirubi had received approval from the Capital Markets Authority (CMA) to buy a total of 133 million Centum shares, arguing that […]
The family of the late Chris Kirubi says it retains the businessman’s option to buy an additional 126.8 million shares in Centum Investment Company Plc with a current market value of Sh2.1 billion. Mr Kirubi had received approval from the Capital Markets Authority (CMA) to buy a total of 133 million Centum shares, arguing that […]
Longhorn Publishers has posted KSh 7.5 million in net profit Sale of CBC books has also pushed the company to profitability This comes even as the Ministry of Education clashes with parents over implementation of CBC Centum Investment’s subsidiary Longhorn Publishers has recorded improved performance for the year ended June 2021, posting KSh 7.5 million […]
An electronic board displaying market data. The investor relations department’s role revolves around how a company communicates with investors, shareholders, government authorities, and the financial community. PHOTO | FILE | NMG Kenya’s listed firms are yet to embrace the roles of investor relations professionals in the running of their businesses, with latest data showing that […]
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