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TransCentury, TCL FY17
Rank: Elder Joined: 6/23/2009 Posts: 13,753 Location: nairobi
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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?
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,753 Location: nairobi
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murchr wrote:It is finished. Kaput
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Rank: Elder Joined: 6/23/2009 Posts: 13,753 Location: nairobi
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Percentage wise year on year this is the worst that has been reported in recent history at the NSE
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,753 Location: nairobi
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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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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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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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,753 Location: nairobi
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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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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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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Rank: Elder Joined: 6/23/2009 Posts: 13,753 Location: nairobi
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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
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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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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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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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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Rank: Chief Joined: 1/3/2007 Posts: 18,208 Location: Nairobi
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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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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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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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Rank: Elder Joined: 12/7/2012 Posts: 11,919
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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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Rank: Chief Joined: 1/3/2007 Posts: 18,208 Location: Nairobi
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Will Tranny give up EA Cables to Kuramo? https://www.businessdail...646942-7lrh65/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/20/2008 Posts: 503
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[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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Rank: Elder Joined: 12/4/2009 Posts: 10,777 Location: NAIROBI
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Throwing good money at a bad business Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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