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EA Cables FY 2015 profit after tax Down 314%
Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda
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Metch wrote:mlennyma wrote:Metch wrote:mlennyma wrote:littledove wrote:East African Cables reported a loss of 1.09billion shillings for 2015 The firm, which makes cables for the utility and telecoms industries and households, said disruptions to output as it upgrades a factory in Kenya, as well as foreign exchange losses and depressed demand due to political uncertainty all hurt its performance for the year. It posted a pretax profit of 507.5 million shillings in 2014. Revenue dropped to 3.7 billion shillings from 5 billion in 2014, the company said. It posted a loss per share of 2.21 shillings from positive 1.16 shillings in 2014. The company directors did not recommend a dividend payment. --- Full results link https://view.publitas.co...dec-2015-notice-of-agm/ competing with transcentury who will die first this one is not about to die. the stock will bleed for a while but that's about it. good thing they got a sales and distribution maestro at the helm now this are the same pple in tranny and need to be investigated for now I will keep off anywhere they are mentioned someone please explain to me 'impairment of receivables'. why is it featuring for the first time in their report? is it a write-off in the works? you can only cook profits that long .impairment means reality is Dawning punda amecheka
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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I fear one day Britam will pull a Transcentury on Housing Finance.
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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newfarer wrote:Metch wrote:mlennyma wrote:Metch wrote:mlennyma wrote:littledove wrote:East African Cables reported a loss of 1.09billion shillings for 2015 The firm, which makes cables for the utility and telecoms industries and households, said disruptions to output as it upgrades a factory in Kenya, as well as foreign exchange losses and depressed demand due to political uncertainty all hurt its performance for the year. It posted a pretax profit of 507.5 million shillings in 2014. Revenue dropped to 3.7 billion shillings from 5 billion in 2014, the company said. It posted a loss per share of 2.21 shillings from positive 1.16 shillings in 2014. The company directors did not recommend a dividend payment. --- Full results link https://view.publitas.co...dec-2015-notice-of-agm/ competing with transcentury who will die first this one is not about to die. the stock will bleed for a while but that's about it. good thing they got a sales and distribution maestro at the helm now this are the same pple in tranny and need to be investigated for now I will keep off anywhere they are mentioned someone please explain to me 'impairment of receivables'. why is it featuring for the first time in their report? is it a write-off in the works? you can only cook profits that long .impairment means reality is Dawning @newfarer, please correct me if am wrong. am thinking anyone in the business of cooking books would have left this bit out (unless they were obligated to provision it) and declared a smaller loss. Start!
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Metch wrote:newfarer wrote:Metch wrote:mlennyma wrote:Metch wrote:mlennyma wrote:littledove wrote:East African Cables reported a loss of 1.09billion shillings for 2015 The firm, which makes cables for the utility and telecoms industries and households, said disruptions to output as it upgrades a factory in Kenya, as well as foreign exchange losses and depressed demand due to political uncertainty all hurt its performance for the year. It posted a pretax profit of 507.5 million shillings in 2014. Revenue dropped to 3.7 billion shillings from 5 billion in 2014, the company said. It posted a loss per share of 2.21 shillings from positive 1.16 shillings in 2014. The company directors did not recommend a dividend payment. --- Full results link https://view.publitas.co...dec-2015-notice-of-agm/ competing with transcentury who will die first this one is not about to die. the stock will bleed for a while but that's about it. good thing they got a sales and distribution maestro at the helm now this are the same pple in tranny and need to be investigated for now I will keep off anywhere they are mentioned someone please explain to me 'impairment of receivables'. why is it featuring for the first time in their report? is it a write-off in the works? you can only cook profits that long .impairment means reality is Dawning @newfarer, please correct me if am wrong. am thinking anyone in the business of cooking books would have left this bit out (unless they were obligated to provision it) and declared a smaller loss. It means that long ago cables sold or pretended to have sold 300m plus worth of goods. It is now apparent that the client won't pay up so we have to do the needful and write it off. It is a jungle out there. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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whiteowl wrote:I fear one day Britam will pull a Transcentury on Housing Finance. I fear this too since they own almost half. Such a shame I like hfck, but the father no The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi
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TCL is the parent. Crooks. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Gatheuzi wrote:Metch wrote:newfarer wrote:Metch wrote:mlennyma wrote:Metch wrote:mlennyma wrote:littledove wrote:East African Cables reported a loss of 1.09billion shillings for 2015 The firm, which makes cables for the utility and telecoms industries and households, said disruptions to output as it upgrades a factory in Kenya, as well as foreign exchange losses and depressed demand due to political uncertainty all hurt its performance for the year. It posted a pretax profit of 507.5 million shillings in 2014. Revenue dropped to 3.7 billion shillings from 5 billion in 2014, the company said. It posted a loss per share of 2.21 shillings from positive 1.16 shillings in 2014. The company directors did not recommend a dividend payment. --- Full results link https://view.publitas.co...dec-2015-notice-of-agm/ competing with transcentury who will die first this one is not about to die. the stock will bleed for a while but that's about it. good thing they got a sales and distribution maestro at the helm now this are the same pple in tranny and need to be investigated for now I will keep off anywhere they are mentioned someone please explain to me 'impairment of receivables'. why is it featuring for the first time in their report? is it a write-off in the works? you can only cook profits that long .impairment means reality is Dawning @newfarer, please correct me if am wrong. am thinking anyone in the business of cooking books would have left this bit out (unless they were obligated to provision it) and declared a smaller loss. It means that long ago cables sold or pretended to have sold 300m plus worth of goods. It is now apparent that the client won't pay up so we have to do the needful and write it off. It is a jungle out there. And just like that 300M has gone up in smoke. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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murchr wrote:Gatheuzi wrote:Metch wrote:newfarer wrote:Metch wrote:mlennyma wrote:Metch wrote:mlennyma wrote:littledove wrote:East African Cables reported a loss of 1.09billion shillings for 2015 The firm, which makes cables for the utility and telecoms industries and households, said disruptions to output as it upgrades a factory in Kenya, as well as foreign exchange losses and depressed demand due to political uncertainty all hurt its performance for the year. It posted a pretax profit of 507.5 million shillings in 2014. Revenue dropped to 3.7 billion shillings from 5 billion in 2014, the company said. It posted a loss per share of 2.21 shillings from positive 1.16 shillings in 2014. The company directors did not recommend a dividend payment. --- Full results link https://view.publitas.co...dec-2015-notice-of-agm/ competing with transcentury who will die first this one is not about to die. the stock will bleed for a while but that's about it. good thing they got a sales and distribution maestro at the helm now this are the same pple in tranny and need to be investigated for now I will keep off anywhere they are mentioned someone please explain to me 'impairment of receivables'. why is it featuring for the first time in their report? is it a write-off in the works? you can only cook profits that long .impairment means reality is Dawning @newfarer, please correct me if am wrong. am thinking anyone in the business of cooking books would have left this bit out (unless they were obligated to provision it) and declared a smaller loss. It means that long ago cables sold or pretended to have sold 300m plus worth of goods. It is now apparent that the client won't pay up so we have to do the needful and write it off. It is a jungle out there. And just like that 300M has gone up in smoke. OK... Bad thing over 300M could be lost. The upside... Some truth coming to light. Aggressive debt recovery efforts can salvage some of it am sure Start!
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EA Cables FY 2015 profit after tax Down 314%
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