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Transcentury IPO
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:30/- & in 2013 after the elections & see if the power brokers are still 'friends' of TCL... Maybe these guys will still make a killing if they sell at 30/=... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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youcan'tstopusnow wrote:VituVingiSana wrote:30/- & in 2013 after the elections & see if the power brokers are still 'friends' of TCL... Maybe these guys will still make a killing if they sell at 30/=... I will not touch it till 2013 [I am sure they will try to raise more funds either through a Rights or some other method e.g. sale of a stake (direct investment) or another Convertible Loan] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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youcan'tstopusnow wrote:VituVingiSana wrote:30/- & in 2013 after the elections & see if the power brokers are still 'friends' of TCL... Maybe these guys will still make a killing if they sell at 30/=... Of course they will. Remember these guys started off with only 29 million shillings between them which they have "grown" a zillion fold. Even at 1/= they would still make money. You have got to admire them!!!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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mwanahisa wrote:youcan'tstopusnow wrote:VituVingiSana wrote:30/- & in 2013 after the elections & see if the power brokers are still 'friends' of TCL... Maybe these guys will still make a killing if they sell at 30/=... Of course they will. Remember these guys started off with only 29 million shillings between them which they have "grown" a zillion fold. Even at 1/= they would still make money. You have got to admire them!!! They say: "If you had invested $10000 with Warren Buffett in 1965, it would be worth approximately $50 million today" How do these guys compare if we annualise their performances? GOD BLESS YOUR LIFE
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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Actually TransCentury is not bad as an investment. But as ProverB put it at this price, there is absolutely no juice left in it for those jumping in at this stage.
Given the conversion price for bondholders, maybe at 40, one could take another look.
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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youcan'tstopusnow wrote:mwanahisa wrote:youcan'tstopusnow wrote:VituVingiSana wrote:30/- & in 2013 after the elections & see if the power brokers are still 'friends' of TCL... Maybe these guys will still make a killing if they sell at 30/=... Of course they will. Remember these guys started off with only 29 million shillings between them which they have "grown" a zillion fold. Even at 1/= they would still make money. You have got to admire them!!! They say: "If you had invested $10000 with Warren Buffett in 1965, it would be worth approximately $50 million today" How do these guys compare if we annualise their performances? Bila connections? Eddy Njoroge is a major shareholder in TCL & CEO of KenGen + has influence with KPLC & Ketraco all major users of cables made by EA Cables! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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Yap! totally worth it. Ignoring it I mean. ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831
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Pass! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Can we nickname Transcentury " Tranny"? All in favour say 'Aye' GOD BLESS YOUR LIFE
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Rank: Member Joined: 10/25/2010 Posts: 519 Location: nairobi
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youcan'tstopusnow wrote:Can we nickname Transcentury "Tranny"? All in favour say 'Aye' Tranny, sounds kiddish, but, Ayeya...
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