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Transcentury records 2.3b loss FY 2014 results
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Gatheuzi
#21 Posted : Tuesday, April 28, 2015 10:11:04 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
mlennyma wrote:
This can make somebody avoid East African cables because of their relationship.


Zephania Mbugua is chair of both firms. He owns 5.95% of TCL.

Other Directors to both firms are Dr. Gachao Kiuna (CEO to TCL) and Peter Kanyago (who owns 6.6% of TCL).

The two firms are closely related.
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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Sober
#22 Posted : Tuesday, April 28, 2015 11:21:18 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
mlennyma wrote:
murchr wrote:
Investment firm TransCentury is set to launch a rights issue whose proceeds will be used to repay $80 million (Sh7.5 billion) convertible Eurobond it issued in 2011.

The decision, communicated to investment analysts, is aimed at boosting the company’s cash position.

The cash call will see shareholders pump in nearly double the company’s current market capitalisation of Sh4.5 billion, with those sitting out the rights issue facing significant dilution.

LINK

Hell.


Not a good idea when the share is at the all time low. Been seeing the counter spiral from 50 bob to 16 and I pity those who never got off the ship to cut down losses like i did.
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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whiteowl
#23 Posted : Tuesday, April 28, 2015 11:26:49 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Sober wrote:
mlennyma wrote:
murchr wrote:
Investment firm TransCentury is set to launch a rights issue whose proceeds will be used to repay $80 million (Sh7.5 billion) convertible Eurobond it issued in 2011.

The decision, communicated to investment analysts, is aimed at boosting the company’s cash position.

The cash call will see shareholders pump in nearly double the company’s current market capitalisation of Sh4.5 billion, with those sitting out the rights issue facing significant dilution.

LINK

Hell.


Not a good idea when the share is at the all time low. Been seeing the counter spiral from 50 bob to 16 and I pity those who never got off the ship to cut down losses like i did.

Taking a cue from Mumias? Way to crash and bury the share price!
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hisah
#24 Posted : Tuesday, April 28, 2015 11:37:22 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Mainat wrote:
Something going on with the TC->Britam->Equity->HFCK complex.
Maybe cashflow ain't what it was during Baba Jimmy's supercharged economy era.

Rights issue proceeds to pay off that expensive eurobond 2016 redemption and worse its base ccy is USD! They had based $/KES @80. Today $/KES=94 and still rising. What a joke Liar

Definitely this redemption will suck out life from the income statement in 2016 and 2015 doesn't look like the revenues will fair any better. Then add the dilutive rights issue and this counter will easily tank below 10/-

Waiting to see how PPT will sticksave this one. Will be fun smile

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Tuesday, April 28, 2015 11:40 AM | Reason: Not specified
mkonomtupu
#25 Posted : Tuesday, April 28, 2015 12:02:37 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
Mainat wrote:
Something going on with the TC->Britam->Equity->HFCK complex.
Maybe cashflow ain't what it was during Baba Jimmy's supercharged economy era.


You must be on the right side of the equation in gava. TC does not seem to have planned well after being pushed away from power. For britam looks like Jimnah is the black sheep. Now centum is enjoying being near the fire place and the cycle goes on
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Fyatu
#26 Posted : Tuesday, April 28, 2015 12:57:19 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
doom and gloom
Dumb money becomes dumb only when it listens to smart money
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whiteowl
#27 Posted : Friday, May 01, 2015 12:50:42 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
hisah wrote:
Mainat wrote:
Something going on with the TC->Britam->Equity->HFCK complex.
Maybe cashflow ain't what it was during Baba Jimmy's supercharged economy era.

Rights issue proceeds to pay off that expensive eurobond 2016 redemption and worse its base ccy is USD! They had based $/KES @80. Today $/KES=94 and still rising. What a joke Liar

Definitely this redemption will suck out life from the income statement in 2016 and 2015 doesn't look like the revenues will fair any better. Then add the dilutive rights issue and this counter will easily tank below 10/-

Waiting to see how PPT will sticksave this one. Will be fun smile


First attempt
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Pesa Nane
#28 Posted : Friday, May 01, 2015 1:24:43 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
mkonomtupu wrote:
Mainat wrote:
Something going on with the TC->Britam->Equity->HFCK complex.
Maybe cashflow ain't what it was during Baba Jimmy's supercharged economy era.


You must be on the right side of the equation in gava. TC does not seem to have planned well after being pushed away from power. For britam looks like Jimnah is the black sheep. Now centum is enjoying being near the fire place and the cycle goes on

I thought the TC CEO was appointed to the Kenya Investments Authority board?
Pesa Nane plans to be shilingi when he grows up.
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wanyee
#29 Posted : Saturday, May 02, 2015 1:02:00 PM
Rank: Member

Joined: 7/17/2011
Posts: 627
Location: Mbui-Nzau, Kikumbulyu
Problems with Kibaki era Carnegie type tenderprenuer firms. Just conveyance nothing innovative.
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Sober
#30 Posted : Monday, May 04, 2015 11:14:13 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
With Jimnah Mbaru shedding 3% of the stake in TCL 9 million shares in the month of February, I bet there is something cooking. The share is currently at the all time low of 15.75. How long can it sink?
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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