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East African Cables
Ebenyo
#41 Posted : Monday, January 27, 2020 1:13:51 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,996
Location: Kitale
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.
Towards the goal of financial freedom
FUNKY
#42 Posted : Tuesday, January 28, 2020 6:38:35 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Metch
#43 Posted : Tuesday, January 28, 2020 10:32:24 AM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...
Start!
Fyatu
#44 Posted : Tuesday, January 28, 2020 10:49:43 AM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.
Dumb money becomes dumb only when it listens to smart money
sparkly
#45 Posted : Tuesday, January 28, 2020 12:02:45 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30.
Life is short. Live passionately.
Ericsson
#46 Posted : Tuesday, January 28, 2020 12:24:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.

The wazees exited kitambo
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Metch
#47 Posted : Tuesday, January 28, 2020 1:32:26 PM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Ericsson wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.

The wazees exited kitambo


We know these wazees and their tactics. Who are the current top shareholders?
Start!
VituVingiSana
#48 Posted : Tuesday, January 28, 2020 2:19:28 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
sparkly wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30
Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
passiveinvestor
#49 Posted : Tuesday, January 28, 2020 5:06:16 PM
Rank: Member


Joined: 12/8/2006
Posts: 104
VituVingiSana wrote:
sparkly wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30
Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends.

Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale.
Ericsson
#50 Posted : Tuesday, January 28, 2020 8:10:47 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
passiveinvestor wrote:
VituVingiSana wrote:
sparkly wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30
Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends.

Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale.


They had been given exclusive monopoly to supply cables to Kenya power.
When this ended fortunes turned
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
passiveinvestor
#51 Posted : Tuesday, January 28, 2020 8:53:30 PM
Rank: Member


Joined: 12/8/2006
Posts: 104
Ericsson wrote:
passiveinvestor wrote:
VituVingiSana wrote:
sparkly wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30
Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends.

Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale.


They had been given exclusive monopoly to supply cables to Kenya power.
When this ended fortunes turned

They never had an exclusive monopoly. They were the lowest priced, high quality cable provider, post tax and production. You can't compete locally against a person importing from China and evading taxes and duties.
Any "monopoly" they had emanated from having established a factory in the country and creating employment.
Ericsson
#52 Posted : Wednesday, January 29, 2020 4:02:58 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
passiveinvestor wrote:
Ericsson wrote:
passiveinvestor wrote:
VituVingiSana wrote:
sparkly wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30
Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends.

Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale.


They had been given exclusive monopoly to supply cables to Kenya power.
When this ended fortunes turned

They never had an exclusive monopoly. They were the lowest priced, high quality cable provider, post tax and production. You can't compete locally against a person importing from China and evading taxes and duties.
Any "monopoly" they had emanated from having established a factory in the country and creating employment.


Kibaki and TCL wazees were friends.
Digest the meaning of that in the context of kenyan politics and business
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
passiveinvestor
#53 Posted : Wednesday, January 29, 2020 8:10:03 AM
Rank: Member


Joined: 12/8/2006
Posts: 104
passiveinvestor wrote:
Ericsson wrote:
passiveinvestor wrote:
VituVingiSana wrote:
sparkly wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30
Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends.

Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale.


They had been given exclusive monopoly to supply cables to Kenya power.
When this ended fortunes turned

They never had an exclusive monopoly. They were the lowest priced, high quality cable provider, post tax and production. You can't compete locally against a person importing from China and evading taxes and duties.
Any "monopoly" they had emanated from having established a factory in the country and creating employment.

Well, I'm Twitter Famous! Mihr, show yourself!!

"Mihr Thakar (@MihrThakar) tweeted at 7:02 am on Wed, Jan 29, 2020:
"For over 50 years, the Company has remained an iconic brand in this region."

This company must be supported, instead of allowing tenderpreneurs to import substandard cables Illegally and often without duty. @ibn_ubady @eacables
(https://twitter.com/MihrThakar/status/1222369435664764929?s=03)
"
VituVingiSana
#54 Posted : Monday, March 30, 2020 8:07:52 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
EA Cables barred from suspending Sh190m debt receiver manager

https://www.businessdail...08364-l44fdbz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#55 Posted : Monday, March 30, 2020 8:45:22 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
[quote=VituVingiSana]EA Cables barred from suspending Sh190m debt receiver manager

https://www.businessdail...8364-l44fdbz/index.html[/quote]

Final rites to be done on this company
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Metch
#56 Posted : Thursday, May 28, 2020 8:04:01 AM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Metch wrote:
Ericsson wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.

The wazees exited kitambo


We know these wazees and their tactics. Who are the current top shareholders?


Wazees have spoken. Kadebt restructured. Winding up petition withdrawn. Notice in today's dailies
Start!
Metch
#57 Posted : Thursday, May 28, 2020 9:01:07 AM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Metch wrote:
Metch wrote:
Ericsson wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.

The wazees exited kitambo


We know these wazees and their tactics. Who are the current top shareholders?


Wazees have spoken. Kadebt restructured. Winding up petition withdrawn. Notice in today's dailies


https://twitter.com/eaca...1265881033079230465?s=09
Start!
Metch
#58 Posted : Friday, July 24, 2020 2:12:35 PM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
FY 2019 results in today's papers
PBT 658M up from a loss of 813M in 2018.
the 1.1B writeoff at Stanchart had a lot to do with it.
Start!
HaMaina
#59 Posted : Wednesday, November 25, 2020 1:35:21 PM
Rank: Veteran


Joined: 4/23/2014
Posts: 903
Profit Warning
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
VituVingiSana
#60 Posted : Wednesday, November 25, 2020 8:45:08 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
HaMaina wrote:
I am shocked! 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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