Centum is hosting an Analysts Call at 3pm following FY 2020/2021 results.
Keep it here for highlights.
#CentumFY21
- No exits this year
- 30% expenses target by end of the strategy period
- Kshs 4.2B unrealized losses were driven by business multiples down, the performance of its businesses going down, and deferred tax being passed at 30% from the previous 5%
Company Income Statement:
-Loss of Ksh 607M for the year
-Revaluations driven by low business performance
-Finance costs down following 6.6B bond redemption
NAV v Stock Price:
- ~Kshs 13B in debt paid reducing debt from ~Kshs 16B to ~Kshs 3B
Here's an overview of @CentumPLC's portfolio.
Centum Real Estate is 100% owned 100% by Centum PLC
Private Equity:
-Half of portfolio companies profitable
-Exits put on hold
In their Private Equity segment:
Sidian Bank: Kshs 102m profit in Q1
Longhorn Publishers: 24.5% market share in Kenya
Isuzu: 20% market share gained from 2011
Marketable securities portfolio allocation:
High Yield Fund:
-Bulk of portfolio allocation in fixed income
-Gross return of 12%
Kshs 0.33 dividend per share totalling to Kshs 218m, down from the previous Kshs 799m
Outlook for the coming financial year:
Considerations for reducing the dividend paid:
- Company profit of Kshs 245m
- Current economic uncertainties
Company looking forward to going back to its dividend policy.
- On the TRDL capital restructuring, @CentumPLC intends to bring in an equity investor to reduce the debt burden
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