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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.
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Ericsson		#52 Posted : Wednesday, January 29, 2020 4:02:58 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 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
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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) "
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VituVingiSana		#54 Posted : Monday, March 30, 2020 8:07:52 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 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*
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Ericsson		#55 Posted : Monday, March 30, 2020 8:45:22 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 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
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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!
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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!
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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!
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HaMaina		#59 Posted : Wednesday, November 25, 2020 1:35:21 PM
Rank: Veteran Joined: 4/23/2014 Posts: 931		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
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VituVingiSana		#60 Posted : Wednesday, November 25, 2020 8:45:08 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,344 Location: Nairobi		HaMaina wrote: Profit Warning I am shocked! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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