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TransCentury, TCL FY17
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obiero
#21 Posted : Saturday, June 16, 2018 1:48:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,509
Location: nairobi
Ericsson wrote:
obiero wrote:
mwekez@ji wrote:
Things are thick here. Capital has been wiped out by losses.

The Board says it has has approved the commencement of a process to raise additional capital and appropriate information will be availed in line with relevant regulatory guidelines.

FY 2017 results ---> http://www.transcentury.co.ke/u...2016th%20June%202018.pdf


@mwekeza@ji Elephant thick! Who will want to fund them and at what cost? Hapa kuna shida!


The debt level is also a huge burden.interest expense grew from 610mn to over a billion while revenues declined

Could you imagine the expected interest expense upon rate cap repeal?

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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murchr
#22 Posted : Saturday, June 16, 2018 3:12:21 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
It is finished.
"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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obiero
#23 Posted : Saturday, June 16, 2018 4:56:32 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,509
Location: nairobi
murchr wrote:
It is finished.

Kaput

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Pesa Nane
#24 Posted : Saturday, June 16, 2018 6:47:46 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Sad Sad
Pesa Nane plans to be shilingi when he grows up.
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obiero
#25 Posted : Saturday, June 16, 2018 7:57:07 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,509
Location: nairobi
Pesa Nane wrote:
Sad Sad

Percentage wise year on year this is the worst that has been reported in recent history at the NSE

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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mwekez@ji
#26 Posted : Sunday, June 17, 2018 12:44:13 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
obiero wrote:
mwekez@ji wrote:
Things are thick here. Capital has been wiped out by losses.

The Board says it has has approved the commencement of a process to raise additional capital and appropriate information will be availed in line with relevant regulatory guidelines.

FY 2017 results ---> http://www.transcentury.co.ke/u...2016th%20June%202018.pdf


@mwekezaji Elephant thick! Who will want to fund them and at what cost? Hapa kuna shida!

Last time bondholders took a haircut for them to be able to exit, so there is no way they can agree to put money here

Banks have had to restructure their loans in this company so there is no way they are lending more here.

Now its for the existing shareholders (Kuramo and others) to inject more equity. Last year Kuramo injected additional capital at Kes. 13.85 per share. This was a very good deal for TCL. TCL should try another deal like this
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obiero
#27 Posted : Sunday, June 17, 2018 1:20:25 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,509
Location: nairobi
mwekez@ji wrote:
obiero wrote:
mwekez@ji wrote:
Things are thick here. Capital has been wiped out by losses.

The Board says it has has approved the commencement of a process to raise additional capital and appropriate information will be availed in line with relevant regulatory guidelines.

FY 2017 results ---> http://www.transcentury.co.ke/u...2016th%20June%202018.pdf


@mwekezaji Elephant thick! Who will want to fund them and at what cost? Hapa kuna shida!

Last time bondholders took a haircut for them to be able to exit, so there is no way they can agree to put money here

Banks have had to restructure their loans in this company so there is no way they are lending more here.

Now its for the existing shareholders (Kuramo and others) to inject more equity. Last year Kuramo injected additional capital at Kes. 13.85 per share. This was a very good deal for the company. The company should try another deal like this

Only worry remains whether Kuramo Co has additional funds to waste

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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mwekez@ji
#28 Posted : Sunday, June 17, 2018 2:19:47 PM
Rank: Chief


Joined: 5/31/2011
Posts: 5,121
obiero wrote:
mwekez@ji wrote:
obiero wrote:
mwekez@ji wrote:
Things are thick here. Capital has been wiped out by losses.

The Board says it has has approved the commencement of a process to raise additional capital and appropriate information will be availed in line with relevant regulatory guidelines.

FY 2017 results ---> http://www.transcentury.co.ke/u...2016th%20June%202018.pdf


@mwekezaji Elephant thick! Who will want to fund them and at what cost? Hapa kuna shida!

Last time bondholders took a haircut for them to be able to exit, so there is no way they can agree to put money here

Banks have had to restructure their loans in this company so there is no way they are lending more here.

Now its for the existing shareholders (Kuramo and others) to inject more equity. Last year Kuramo injected additional capital at Kes. 13.85 per share. This was a very good deal for TCL. TCL should try another deal like this

Only worry remains whether Kuramo Co has additional funds to waste

Or buy convertible/redeemable preference shares to reduce their risk
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Metch
#29 Posted : Sunday, June 17, 2018 4:19:46 PM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
mwekez@ji wrote:
obiero wrote:
mwekez@ji wrote:
obiero wrote:
mwekez@ji wrote:
Things are thick here. Capital has been wiped out by losses.

The Board says it has has approved the commencement of a process to raise additional capital and appropriate information will be availed in line with relevant regulatory guidelines.

FY 2017 results ---> http://www.transcentury.co.ke/u...2016th%20June%202018.pdf


@mwekezaji Elephant thick! Who will want to fund them and at what cost? Hapa kuna shida!

Last time bondholders took a haircut for them to be able to exit, so there is no way they can agree to put money here

Banks have had to restructure their loans in this company so there is no way they are lending more here.

Now its for the existing shareholders (Kuramo and others) to inject more equity. Last year Kuramo injected additional capital at Kes. 13.85 per share. This was a very good deal for TCL. TCL should try another deal like this

Only worry remains whether Kuramo Co has additional funds to waste

Or buy convertible/redeemable preference shares to reduce their risk


or sell Cables
Start!
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obiero
#30 Posted : Sunday, June 17, 2018 5:40:16 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,509
Location: nairobi
Metch wrote:
mwekez@ji wrote:
obiero wrote:
mwekez@ji wrote:
obiero wrote:
mwekez@ji wrote:
Things are thick here. Capital has been wiped out by losses.

The Board says it has has approved the commencement of a process to raise additional capital and appropriate information will be availed in line with relevant regulatory guidelines.

FY 2017 results ---> http://www.transcentury.co.ke/u...2016th%20June%202018.pdf


@mwekezaji Elephant thick! Who will want to fund them and at what cost? Hapa kuna shida!

Last time bondholders took a haircut for them to be able to exit, so there is no way they can agree to put money here

Banks have had to restructure their loans in this company so there is no way they are lending more here.

Now its for the existing shareholders (Kuramo and others) to inject more equity. Last year Kuramo injected additional capital at Kes. 13.85 per share. This was a very good deal for TCL. TCL should try another deal like this

Only worry remains whether Kuramo Co has additional funds to waste

Or buy convertible/redeemable preference shares to reduce their risk


or sell Cables

The revenue dip shows that selling cables isn't working out well. The Chinese are here. Same fate that faced Sameer, BOC and Carbacid is now upon Cables

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Metch
#31 Posted : Sunday, June 17, 2018 11:07:20 PM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
obiero wrote:
Metch wrote:
mwekez@ji wrote:
obiero wrote:
mwekez@ji wrote:
obiero wrote:
mwekez@ji wrote:
Things are thick here. Capital has been wiped out by losses.

The Board says it has has approved the commencement of a process to raise additional capital and appropriate information will be availed in line with relevant regulatory guidelines.

FY 2017 results ---> http://www.transcentury.co.ke/u...2016th%20June%202018.pdf


@mwekezaji Elephant thick! Who will want to fund them and at what cost? Hapa kuna shida!

Last time bondholders took a haircut for them to be able to exit, so there is no way they can agree to put money here

Banks have had to restructure their loans in this company so there is no way they are lending more here.

Now its for the existing shareholders (Kuramo and others) to inject more equity. Last year Kuramo injected additional capital at Kes. 13.85 per share. This was a very good deal for TCL. TCL should try another deal like this

Only worry remains whether Kuramo Co has additional funds to waste

Or buy convertible/redeemable preference shares to reduce their risk


or sell Cables

The revenue dip shows that selling cables isn't working out well. The Chinese are here. Same fate that faced Sameer, BOC and Carbacid is now upon Cables

I meant sell the company CABL to raise funds
Start!
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obiero
#32 Posted : Monday, June 18, 2018 7:46:54 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,509
Location: nairobi
Metch wrote:
obiero wrote:
Metch wrote:
mwekez@ji wrote:
obiero wrote:
mwekez@ji wrote:
obiero wrote:
mwekez@ji wrote:
Things are thick here. Capital has been wiped out by losses.

The Board says it has has approved the commencement of a process to raise additional capital and appropriate information will be availed in line with relevant regulatory guidelines.

FY 2017 results ---> http://www.transcentury.co.ke/u...2016th%20June%202018.pdf


@mwekezaji Elephant thick! Who will want to fund them and at what cost? Hapa kuna shida!

Last time bondholders took a haircut for them to be able to exit, so there is no way they can agree to put money here

Banks have had to restructure their loans in this company so there is no way they are lending more here.

Now its for the existing shareholders (Kuramo and others) to inject more equity. Last year Kuramo injected additional capital at Kes. 13.85 per share. This was a very good deal for TCL. TCL should try another deal like this

Only worry remains whether Kuramo Co has additional funds to waste

Or buy convertible/redeemable preference shares to reduce their risk


or sell Cables

The revenue dip shows that selling cables isn't working out well. The Chinese are here. Same fate that faced Sameer, BOC and Carbacid is now upon Cables

I meant sell the company CABL to raise funds

Lol. Most drastic measure ever.. That's funny

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Sober
#33 Posted : Tuesday, June 19, 2018 12:29:44 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
murchr wrote:
Tranny fans evaporated from wazua. @thedeal called this one.


After buying at listing price of Ksh 50 and selling at 42 bob. I vowed never to touch this thing. Just surprised that some steel balled shareholders are still in there at 90%+ lower
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Impunity
#34 Posted : Tuesday, June 19, 2018 12:41:12 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Sober wrote:
murchr wrote:
Tranny fans evaporated from wazua. @thedeal called this one.


After buying at listing price of Ksh 50 and selling at 42 bob. I vowed never to touch this thing. Just surprised that some steel balled shareholders are still in there at 90%+ lower


Most painful, today it trading at 4 bob...from IPO of 50, Njessoo!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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VituVingiSana
#35 Posted : Tuesday, June 19, 2018 4:32:37 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,102
Location: Nairobi
Sober wrote:
murchr wrote:
Tranny fans evaporated from wazua. @thedeal called this one.

After buying at listing price of Ksh 50 and selling at 42 bob. I vowed never to touch this thing. Just surprised that some steel balled shareholders are still in there at 90%+ lower

There are some hard-core folks who want to go down with the ship!
"Buy and Hold" does not mean you hold when the tide (fundamentals) has turned for the worse. It means one does not "trade"...

Other firms that some shareholders have held on through thick and thin regardless of the fundamentals include:
KQ [I bailed in 2012 at 13+]
NBK - GoK
ARM - A huge mistake going into TZ but they may find a Strategic Partner but not worth the 40/- that CDC paid.
Sameer - Merali
Eveready - Merali
Uchumi - GoK
Mumias - GoK
Olympia - Matu [I sold out. This firm is run by a crook.]
Deacons - I has a few but I sold out post-Westgate. It's a dead man walking.

Some (very few) have recovered from dire straits
ARM - From barely alive to booming [Late 90s to 2015 but then back to the barely breathing]
KK - From Segman's evisceration to Ohana's day in the sun.
KenGen - GoK bailout
KPLC - GoK bailout but it's back in the ICU
KCB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ebenyo
#36 Posted : Tuesday, June 19, 2018 5:19:32 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,997
Location: Kitale
VituVingiSana wrote:
Sober wrote:
murchr wrote:
Tranny fans evaporated from wazua. @thedeal called this one.

After buying at listing price of Ksh 50 and selling at 42 bob. I vowed never to touch this thing. Just surprised that some steel balled shareholders are still in there at 90%+ lower

There are some hard-core folks who want to go down with the ship!
"Buy and Hold" does not mean you hold when the tide (fundamentals) has turned for the worse. It means one does not "trade"...

Other firms that some shareholders have held on through thick and thin regardless of the fundamentals include:
KQ [I bailed in 2012 at 13+]
NBK - GoK
ARM - A huge mistake going into TZ but they may find a Strategic Partner but not worth the 40/- that CDC paid.
Sameer - Merali
Eveready - Merali
Uchumi - GoK
Mumias - GoK
Olympia - Matu [I sold out. This firm is run by a crook.]
Deacons - I has a few but I sold out post-Westgate. It's a dead man walking.

Some (very few) have recovered from dire straits
ARM - From barely alive to booming [Late 90s to 2015 but then back to the barely breathing]
KK - From Segman's evisceration to Ohana's day in the sun.
KenGen - GoK bailout
KPLC - GoK bailout but it's back in the ICU
KCB



kk- has recovered fully.
kplc-currently facing cash flow difficulties which could be sealed before 30th june 2018.
kcb-there were difficulties in the past which has long been sealed.
Under joshua oigara,its very stable.
Towards the goal of financial freedom
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Angelica _ann
#37 Posted : Tuesday, June 19, 2018 6:43:55 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Ebenyo wrote:
VituVingiSana wrote:
Sober wrote:
murchr wrote:
Tranny fans evaporated from wazua. @thedeal called this one.

After buying at listing price of Ksh 50 and selling at 42 bob. I vowed never to touch this thing. Just surprised that some steel balled shareholders are still in there at 90%+ lower

There are some hard-core folks who want to go down with the ship!
"Buy and Hold" does not mean you hold when the tide (fundamentals) has turned for the worse. It means one does not "trade"...

Other firms that some shareholders have held on through thick and thin regardless of the fundamentals include:
KQ [I bailed in 2012 at 13+]
NBK - GoK
ARM - A huge mistake going into TZ but they may find a Strategic Partner but not worth the 40/- that CDC paid.
Sameer - Merali
Eveready - Merali
Uchumi - GoK
Mumias - GoK
Olympia - Matu [I sold out. This firm is run by a crook.]
Deacons - I has a few but I sold out post-Westgate. It's a dead man walking.

Some (very few) have recovered from dire straits
ARM - From barely alive to booming [Late 90s to 2015 but then back to the barely breathing]
KK - From Segman's evisceration to Ohana's day in the sun.
KenGen - GoK bailout
KPLC - GoK bailout but it's back in the ICU
KCB



kk- has recovered fully.
kplc-currently facing cash flow difficulties which could be sealed before 30th june 2018.
kcb-there were difficulties in the past which has long been sealed.
Under joshua oigara,its very stable.


KPLC will backtrack to pre 2002 by 2020. Look at current management & parent ministry. No hope here. Only gava company that will remain standing at NSE will be KCB!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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VituVingiSana
#38 Posted : Wednesday, July 04, 2018 11:03:24 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,102
Location: Nairobi
Will Tranny give up EA Cables to Kuramo?
https://www.businessdail...646942-7lrh65/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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xxxxx
#39 Posted : Thursday, July 05, 2018 12:43:27 AM
Rank: Member


Joined: 3/20/2008
Posts: 503
[quote=VituVingiSana]Will Tranny give up EA Cables to Kuramo?
https://www.businessdail...46942-7lrh65/index.html[/quote]

Ayayayayaya

The way things are going, Kuramo needs to stop pussyfooting around with TransCentury. Treating Tranny as an associate doesn't do kuramo any justice.

They need to come out of the closet, They must provide decent steady financial and technical backing to Tranny asap. It is a subsidiary for all intents and purposes. For an entity that is hemorrhaging cash amidst cheap Chinese imports, no amount of short term debt can rescue the situation or improve the prospects.

In the meantime, the price protection team must be working overtime on this one.
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Ericsson
#40 Posted : Thursday, July 05, 2018 6:16:44 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
Throwing good money at a bad business
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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