Centum confirms Carbacid shares sale

Centum Investment Company Limited, East Africa's largest publicly listed private equity company, has officially announced substantial divesture of its 22% shareholding from the Nairobi Stock Exchange listed Carbacid Investment Ltd. The divestiture process was driven by the need to raise funds to invest in other opportunities that have the promise of delivering even better returns.Centum Chief Executive Officer James Mworia, confirmed the move saying; "We still believe that Carbacid has very strong Read more [...]

Home sellers move beyond denial, accept lower values when setting price

This is what passes for a victory in the housing market these days: Homeowners are no longer in denial about how little their properties will fetch. Several years into the downdraft in residential real estate, many sellers around Chicago have moved past shock, anger and disbelief, giving way to subdued resignation. Those who have stopped fighting their agents on pricing are allowing deals to be made quicker. “A lot has changed,” says Elise Rinaldi, an agent in the @Properties Read more [...]

Emerald Bay home for sale: $20 million

  New to the market in North Laguna Beach's Emerald Bay community is a home for sale that's just a street away from the sand. The asking price is $19.9 million. That makes it the fifth-priciest MLS-listed home for sale in Laguna Beach. Located at 49 Emerald Bay, the home has 4 bedrooms, 3.75 bathrooms, ocean views, a French Provincial style Read more [...]

GENKI TO DELIVER DUKE GLORY

WEDNESDAY'S SELECTIONS: FONTWELL: 2.10 Gross Prophet, 2.40 Orion Star, 3.10 No Tears, 3.45 Cleaver, 4.20 Straw Bear, 4.55 Font, 5.25 Barney Cool. KEMPTON: 6.20 Spinning Ridge, 6.50 Indian Lizzy, 7.20 Waterborne, 7.50 Keys, 8.20 So Is She, 8.50 Chilli Green, 9.20 Dashwood. NAAS: 5.30 Maybe, 6.00 Whip Rule, 6.30 Expire, 7.00 Asheerah, 7.30 El Gran Torino, 8.00 Chasing Angels, 8.30 Dawariya. PERTH: 6.10 Funky Munky, 6.40 Super Ally, 7.10 Jewelled Dagger, 7.40 Fiddlers Reel, 8.10 Polar Gunner, 8.40 Read more [...]

Proxy voting: Sebi asks mutual funds to inform ‘urgently’

The Securities and Exchange Board of India (Sebi) has asked asset management companies (AMCs) to inform it on an “urgent basis” about the steps taken by them with respect to their role in ensuring better corporate governance of listed companies. The stock market regulator sent a letter last week to mutual fund (MF) houses in this matter, according to persons familiar with the matter.  Click here to visit SME Buzz    Read more [...]

Sale casts doubt on Allied asset value reports

TIM HUNTER The sale of a 22-metre luxury motor launch by receivers for a sixth of its alleged value has cast doubt on other asset values reported by failed finance company Allied Nationwide. The vessel, named Absolute, was sold in the last month for $220,000 after being listed in January last year for $1.3 million. Marine broker Neil Gurran, appointed by Allied Nationwide to sell Absolute last January, said the company insisted Read more [...]

CHARLTON EXPECTS GENKI IMPROVEMENT

Roger Charlton is confident Genki can make his presence felt in the highly competitive Blue Square Duke Of York Stakes on Wednesday. The seven-year-old enjoyed a fine campaign during 2010 and looked better than ever when striking gold in Listed company for the first time at Newmarket last month. He takes a step back up to Group class at York in the first major Pattern-race sprint of the season on British soil, but Charlton believes he will be an even better horse than he was at Headquarters on his Read more [...]

Home sales decline in April in Dutchess, Ulster

<!--Saxotech Paragraph Count: 13-->The mid-Hudson real estate market remained soft on sales in April and proved fairly flat for prices.Despite April being part of spring, when home sales often start to pick up seasonal strength, that has yet to show up in the statistics. Home sales in April declined in volume in both Dutchess and Ulster counties.That may just be an effect of the long, tough winter that put a damper on activity, said Sandy Tambone, executive officer of the Mid-Hudson Multiple Read more [...]

5 Things: Zoning Board Meets, Painting Class

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