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EA Cables and Transcentury FY 2018
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Metch
#71 Posted : Friday, July 10, 2020 12:55:02 PM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Receptor wrote:
VituVingiSana wrote:
Receptor wrote:
Metch wrote:
Metch wrote:
Ericsson wrote:
Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020


Link please...


Delisting TCL only or is CABL also leaving the market?
TCL is up 10% this morning


Just to quote one of the founding wazees with considerable stake in TCL.....


fair value = 28 bob
Was that before or after they defaulted on their bond payments?


It was last year at Sigona Golf club when doing my side hustle as caddie


These Wazees are always upto something.
How is 28 bob fair value for a firm that has been bleeding so profusely?
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Metch
#72 Posted : Friday, July 10, 2020 1:06:34 PM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Metch wrote:
Receptor wrote:
VituVingiSana wrote:
Receptor wrote:
Metch wrote:
Metch wrote:
Ericsson wrote:
Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020


Link please...


Delisting TCL only or is CABL also leaving the market?
TCL is up 10% this morning


Just to quote one of the founding wazees with considerable stake in TCL.....


fair value = 28 bob
Was that before or after they defaulted on their bond payments?


It was last year at Sigona Golf club when doing my side hustle as caddie


These Wazees are always upto something.
How is 28 bob fair value for a firm that has been bleeding so profusely?


Question is, How high will it go before its suspended from trading?
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Receptor
#73 Posted : Friday, July 10, 2020 1:07:03 PM
Rank: Member

Joined: 7/1/2019
Posts: 119
Metch wrote:

These Wazees are always upto something.
How is 28 bob fair value for a firm that has been bleeding so profusely?


28 bob is bei ya jioni....on face value all assets aggregate to about 23 billions. Forget about madeni, sijui oh, sijui nav, sijui P.E., sijui nini and other big words disgraced wazua CFA's are fond of.
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VituVingiSana
#74 Posted : Friday, July 10, 2020 10:57:11 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Receptor wrote:
Metch wrote:

These Wazees are always upto something.
How is 28 bob fair value for a firm that has been bleeding so profusely?

28 bob is bei ya jioni....on face value all assets aggregate to about 23 billions. Forget about madeni, sijui oh, sijui nav, sijui P.E., sijui nini and other big words disgraced wazua CFA's are fond of.
And yet, here we are with a firm that couldn't pay its debts.

Assets that come with equal debts means little.
ARM, KQ, etc all had "assets" and forgot about the "madeni" until the creditors came knocking.

I wish it well after the delisting but what is it it couldn't do while listed to make its shareholders wealthy?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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  | | Edit by user: Friday, July 10, 2020 11:01 PM | Reason: Not specified
Receptor
#75 Posted : Saturday, July 11, 2020 8:38:50 AM
Rank: Member

Joined: 7/1/2019
Posts: 119
VituVingiSana wrote:

And yet, here we are with a firm that couldn't pay its debts.

Assets that come with equal debts means little.
ARM, KQ, etc all had "assets" and forgot about the "madeni" until the creditors came knocking.

I wish it well after the delisting but what is it it couldn't do while listed to make its shareholders wealthy?

From their latest disclosure, all debt has been restructured. Remember how SBM bank came with moto mingi and even tried to auction EACables over a deni of 200 mili? The wazees pulled a rabbit out of the hat and SBM quietly accepted their terms.
Unlike ARM and Nakumatt, TC books are not mired with untidy transactions of insider lending. Remember ARM hid a 13 billion insider loan in their books for years before the truth finally caught up with them. I also wish TC well. I like the wazees who despite being mkono gamu, always give valuable advise if you are lucky to interact with them.
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VituVingiSana
#76 Posted : Saturday, July 11, 2020 9:26:21 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Receptor wrote:
VituVingiSana wrote:

And yet, here we are with a firm that couldn't pay its debts.

Assets that come with equal debts means little.
ARM, KQ, etc all had "assets" and forgot about the "madeni" until the creditors came knocking.

I wish it well after the delisting but what is it it couldn't do while listed to make its shareholders wealthy?

From their latest disclosure, all debt has been restructured. Remember how SBM bank came with moto mingi and even tried to auction EACables over a deni of 200 mili? The wazees pulled a rabbit out of the hat and SBM quietly accepted their terms.
Unlike ARM and Nakumatt, TC books are not mired with untidy transactions of insider lending. Remember ARM hid a 13 billion insider loan in their books for years before the truth finally caught up with them. I also wish TC well. I like the wazees who despite being mkono gamu, always give valuable advise if you are lucky to interact with them.
Good luck!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Metch
#77 Posted : Wednesday, July 15, 2020 2:31:01 PM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
VituVingiSana wrote:
Metch wrote:
Metch wrote:
Ericsson wrote:
Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020


Link please...


Delisting TCL only or is CABL also leaving the market?
TCL is up 10% this morning
I saw the TCL Notice. Nothing from Cables but they are joined at the hip so it might be a matter of time.


The two are heading north bega kwa bega. Though CABL is sluggish needs some news to inspire
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Ericsson
#78 Posted : Wednesday, July 29, 2020 12:46:26 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Extraordinary general meeting cancelled.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Metch
#79 Posted : Friday, July 31, 2020 12:15:59 PM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Ericsson wrote:
Extraordinary general meeting cancelled.


Where are FY results?
31st July deadline is here
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Metch
#80 Posted : Monday, August 03, 2020 9:53:03 AM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Metch wrote:
Ericsson wrote:
Extraordinary general meeting cancelled.


Where are FY results?
31st July deadline is here


Never mind Laughing out loudly Laughing out loudly Laughing out loudly
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