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EA Cables and Transcentury FY 2018
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Ericsson
#21 Posted : Monday, July 22, 2019 9:13:50 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Transcentury subsidiary EA cables has extended maturity of its ksh.3.5bn debt by 10 years.
The debt restructuring has eased its debt by 44%.

Standard chartered bank is its biggest lender
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Monday, July 22, 2019 9:45 PM | Reason: Not specified
VituVingiSana
#22 Posted : Tuesday, July 23, 2019 6:07:07 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
Transcentury subsidiary EA cables has extended maturity of its ksh.3.5bn debt by 10 years.
The debt restructuring has eased its debt by 44%.

Standard chartered bank is its biggest lender
TCL know how to cut deals to cut/reduce debt!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#23 Posted : Thursday, August 01, 2019 10:44:48 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Transcentury reports Kshs. 3.5 billion loss for FY18 (down 19% though)

Revenue down 25% to Kshs. 4.2 billion. Gross profit improved to Kshs. 880 million from 640 million

Operating expenses were 251% of gross profit & net finance costs 176%

NEGATIVE EQUITY of Kshs. -3.3 billion

Link;
https://pbs.twimg.com/me...rmat=jpg&name=medium
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Metch
#24 Posted : Thursday, August 01, 2019 11:25:17 AM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Ericsson wrote:
Transcentury reports Kshs. 3.5 billion loss for FY18 (down 19% though)

Revenue down 25% to Kshs. 4.2 billion. Gross profit improved to Kshs. 880 million from 640 million

Operating expenses were 251% of gross profit & net finance costs 176%

NEGATIVE EQUITY of Kshs. -3.3 billion

Link;
https://pbs.twimg.com/me...mat=jpg&name=medium

Dead, deader, deadest
Start!
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  | | Edit by moderator: Thursday, August 01, 2019 11:48 AM | Reason: url spacing
Ericsson
#25 Posted : Friday, September 13, 2019 9:15:22 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
https://www.businessdail...70682-n1r8hbz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#26 Posted : Friday, September 13, 2019 9:31:49 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/How-StanChart-helped-TransCentury-post-profit/4003102-5270682-n1r8hbz/index.html

That's quite the haircut that SCBK took on EAC but I guess it's better to get some cash than keep a deadbeat debtor on the books!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#27 Posted : Friday, September 13, 2019 11:06:43 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/How-StanChart-helped-TransCentury-post-profit/4003102-5270682-n1r8hbz/index.html

That's quite the haircut that SCBK took on EAC but I guess it's better to get some cash than keep a deadbeat debtor on the books!


I need the contacts of these people who run Transcentury. Yaani +5.3B haircuts on debt and still going!
Life is short. Live passionately.
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VituVingiSana
#28 Posted : Friday, September 13, 2019 11:21:01 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/How-StanChart-helped-TransCentury-post-profit/4003102-5270682-n1r8hbz/index.html

That's quite the haircut that SCBK took on EAC but I guess it's better to get some cash than keep a deadbeat debtor on the books!


I need the contacts of these people who run Transcentury. Yaani +5.3B haircuts on debt and still going!
#TukoPamoja
Paunrana should have consulted TCL guys on how to get huge discounts on loans ARM owed!!!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Receptor
#29 Posted : Friday, September 13, 2019 12:28:42 PM
Rank: Member

Joined: 7/1/2019
Posts: 119
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/How-StanChart-helped-TransCentury-post-profit/4003102-5270682-n1r8hbz/index.html

That's quite the haircut that SCBK took on EAC but I guess it's better to get some cash than keep a deadbeat debtor on the books!


I need the contacts of these people who run Transcentury. Yaani +5.3B haircuts on debt and still going!
#TukoPamoja
Paunrana should have consulted TCL guys on how to get huge discounts on loans ARM owed!!!



These Transcentury wazees are in a league of their own....they are magicians
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Ericsson
#30 Posted : Friday, September 13, 2019 12:37:21 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
sparkly wrote:
VituVingiSana wrote:
Ericsson wrote:
https://www.businessdailyafrica.com/corporate/companies/How-StanChart-helped-TransCentury-post-profit/4003102-5270682-n1r8hbz/index.html

That's quite the haircut that SCBK took on EAC but I guess it's better to get some cash than keep a deadbeat debtor on the books!


I need the contacts of these people who run Transcentury. Yaani +5.3B haircuts on debt and still going!
#TukoPamoja
Paunrana should have consulted TCL guys on how to get huge discounts on loans ARM owed!!!

He was stubborn and big headed instead of being humble.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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WWW
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