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EA Cables HY15 firmly in loss territory
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VituVingiSana
#11 Posted : Tuesday, September 01, 2015 1:56:44 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
Fyatu wrote:
TCL has already doubled ordinary shares from 600 million to 1.2b. This suggest a rights issue....Be ready to defend
All yours. Don't score an own goal.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Fyatu
#12 Posted : Tuesday, September 01, 2015 4:02:28 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Its a deliberate effort to follow the money.When the time comes for mabwenyeye to eat, i will be there for the crumbs
Dumb money becomes dumb only when it listens to smart money
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hisah
#13 Posted : Wednesday, September 02, 2015 11:10:03 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Fyatu wrote:
Its a deliberate effort to follow the money.When the time comes for mabwenyeye to eat, i will be there for the crumbs

What happens when the rights issue is undersubscribed? A very likely outcome in this market mood.

What happens when the bond holders forego the conversion exercise to buy the shares? Definitely they won't buy for the share has tanked heavily.

TCL won't be able to afford to raise $75M in this market and will also be facing a flopped rights issue.

This thing has significant tail risk. The price has plenty of space to tank when the bond comes calling with the econ macros badly dented which calls for more losses.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Fyatu
#14 Posted : Wednesday, September 02, 2015 11:16:53 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
hisah wrote:
Fyatu wrote:
Its a deliberate effort to follow the money.When the time comes for mabwenyeye to eat, i will be there for the crumbs

What happens when the rights issue is undersubscribed? A very likely outcome in this market mood.

What happens when the bond holders forego the conversion exercise to buy the shares? Definitely they won't buy for the share has tanked heavily.

TCL won't be able to afford to raise $75M in this market and will also be facing a flopped rights issue.

This thing has significant tail risk. The price has plenty of space to tank when the bond comes calling with the econ macros badly dented which calls for more losses.


As you rightly put it - the risk is high and so are the returns. It is not for the faint hearted. Other than the debt, all TCL business fundamentals are OK.
Dumb money becomes dumb only when it listens to smart money
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VituVingiSana
#15 Posted : Wednesday, September 02, 2015 12:26:27 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
Fyatu wrote:
hisah wrote:
Fyatu wrote:
Its a deliberate effort to follow the money.When the time comes for mabwenyeye to eat, i will be there for the crumbs

What happens when the rights issue is undersubscribed? A very likely outcome in this market mood.

What happens when the bond holders forego the conversion exercise to buy the shares? Definitely they won't buy for the share has tanked heavily.

TCL won't be able to afford to raise $75M in this market and will also be facing a flopped rights issue.

This thing has significant tail risk. The price has plenty of space to tank when the bond comes calling with the econ macros badly dented which calls for more losses.


As you rightly put it - the risk is high and so are the returns. It is not for the faint hearted. Other than the debt, all TCL business fundamentals are OK.

KQ needs a PR guy like you Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Fyatu
#16 Posted : Wednesday, September 02, 2015 1:01:49 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
VituVingiSana wrote:
Fyatu wrote:
hisah wrote:
Fyatu wrote:
Its a deliberate effort to follow the money.When the time comes for mabwenyeye to eat, i will be there for the crumbs

What happens when the rights issue is undersubscribed? A very likely outcome in this market mood.

What happens when the bond holders forego the conversion exercise to buy the shares? Definitely they won't buy for the share has tanked heavily.

TCL won't be able to afford to raise $75M in this market and will also be facing a flopped rights issue.

This thing has significant tail risk. The price has plenty of space to tank when the bond comes calling with the econ macros badly dented which calls for more losses.


As you rightly put it - the risk is high and so are the returns. It is not for the faint hearted. Other than the debt, all TCL business fundamentals are OK.

KQ needs a PR guy like you Laughing out loudly Laughing out loudly Laughing out loudly


Don't get me wrong @VVS. This is not PR but seeing tremendous opportunity
Dumb money becomes dumb only when it listens to smart money
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  | | Edit by user: Wednesday, September 02, 2015 1:06 PM | Reason: Not specified
VituVingiSana
#17 Posted : Wednesday, September 02, 2015 4:04:59 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,353
Location: Nairobi
Fyatu wrote:
VituVingiSana wrote:
Fyatu wrote:
hisah wrote:
Fyatu wrote:
Its a deliberate effort to follow the money.When the time comes for mabwenyeye to eat, i will be there for the crumbs

What happens when the rights issue is undersubscribed? A very likely outcome in this market mood.

What happens when the bond holders forego the conversion exercise to buy the shares? Definitely they won't buy for the share has tanked heavily.

TCL won't be able to afford to raise $75M in this market and will also be facing a flopped rights issue.

This thing has significant tail risk. The price has plenty of space to tank when the bond comes calling with the econ macros badly dented which calls for more losses.


As you rightly put it - the risk is high and so are the returns. It is not for the faint hearted. Other than the debt, all TCL business fundamentals are OK.

KQ needs a PR guy like you Laughing out loudly Laughing out loudly Laughing out loudly


Don't get me wrong @VVS. This is not PR but seeing tremendous opportunity

Good luck. I will invest in other firms and look at TCL after there's clarification about the USD Bond.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Fyatu
#18 Posted : Thursday, September 03, 2015 1:35:35 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
meanwhile i will be hiding under the "high" table waiting for bread crumbs or lack thereof...Drool
Dumb money becomes dumb only when it listens to smart money
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Boris Boyka
#19 Posted : Thursday, September 03, 2015 10:04:31 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
Is this still an E A Cables thread or it transformed to TCL one?smile
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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littledove
#20 Posted : Saturday, September 26, 2015 9:05:17 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
Sri Lankan cable manufacturer Sierra Cables plans to set up a manufacturing plant in Kenya to
supply transmission and distribution cables to East African countries. According to a filing
sent to the Colombo Stock Exchange, the firm had recently done a survey in Nairobi, Kenya on
the feasibility of setting up a cable manufacturing plant.
Results from the feasibility study indicated favourable financial outcomes and a formal project report had been approved by
the Board of Directors for implementation in the forthcoming months. Currently, Kenya has a
40% local content requirement on low voltage cables for public contract which may have
informed Sierra’s decision. (Company filing, Standard Investment Bank)

add this to the risks above
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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  | | Edit by user: Saturday, September 26, 2015 9:06 AM | Reason: Not specified
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