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EA Cables HY15 firmly in loss territory
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Pesa Nane
#1 Posted : Tuesday, August 25, 2015 4:06:25 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#2 Posted : Tuesday, August 25, 2015 4:15:41 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Forex losses TZ, Factory Refurbishment KE to blame

Pesa Nane plans to be shilingi when he grows up.
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mlennyma
#3 Posted : Tuesday, August 25, 2015 4:41:13 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Sub 10bob,you don't announce this in a bear.
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#4 Posted : Tuesday, August 25, 2015 5:32:56 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
This firm has been on a downturn since Mugo Kibati left.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Boris Boyka
#5 Posted : Tuesday, August 25, 2015 6:13:39 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
mlennyma wrote:
Sub 10bob,you don't announce this in a bear.

Glad i Exited @ 16.3 after Bagging Interim Dvd.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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ZZE123
#6 Posted : Tuesday, August 25, 2015 6:46:33 PM
Rank: Elder

Joined: 6/21/2008
Posts: 2,490
VituVingiSana wrote:
This firm has been on a downturn since Mugo Kibati left.

Can this trend be attributed to George Mwangi the current MD??
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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VituVingiSana
#7 Posted : Tuesday, August 25, 2015 9:05:35 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
ZZE123 wrote:
VituVingiSana wrote:
This firm has been on a downturn since Mugo Kibati left.

Can this trend be attributed to George Mwangi the current MD??

I believe the 'big guys' of TCL remotely run this firm to its detriment.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#8 Posted : Tuesday, September 01, 2015 10:30:54 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Boris Boyka wrote:
mlennyma wrote:
Sub 10bob,you don't announce this in a bear.

Glad i Exited @ 16.3 after Bagging Interim Dvd.

journey to sub 10 is progressing well on this monkey and transcentury the gorilla
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#9 Posted : Tuesday, September 01, 2015 11:22:54 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
mlennyma wrote:
Boris Boyka wrote:
mlennyma wrote:
Sub 10bob,you don't announce this in a bear.

Glad i Exited @ 16.3 after Bagging Interim Dvd.

journey to sub 10 is progressing well on this monkey and transcentury the gorilla

EAC will survive.
TCL has that huge bond coming due. If the convertible bondholders do not exercise their right to buy the shares [why should they pay much more than the current price?] then not only does TCL have to pay it in USD, there's the accrued interest. Ouch.
I think the logical course of action is to either sell some assets OR offer the bondholders a lower exercise price instead of TCL looking for $75mn + interest. Raising $75mn is not easy under current market conditions for a firm that hasn't had (or hope to have) decent profits for a while.
I am not in TCL's leaking boat but I like EAC which is a lifeboat.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Fyatu
#10 Posted : Tuesday, September 01, 2015 12:03:13 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
TCL has already doubled ordinary shares from 600 million to 1.2b. This suggest a rights issue....Be ready to defend
Dumb money becomes dumb only when it listens to smart money
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