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

Joined: 4/4/2016
Posts: 2,016
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
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FUNKY
#42 Posted : Tuesday, January 28, 2020 6:38:35 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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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!
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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
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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.
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Ericsson
#46 Posted : Tuesday, January 28, 2020 12:24:28 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
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
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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!
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VituVingiSana
#48 Posted : Tuesday, January 28, 2020 2:19:28 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
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
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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.
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Ericsson
#50 Posted : Tuesday, January 28, 2020 8:10:47 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
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
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