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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: 14,217
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?

KQ ABP 4.26
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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: 14,217
Location: nairobi
murchr wrote:
It is finished.

Kaput

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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: 14,217
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

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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: 14,217
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

KQ ABP 4.26
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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: 14,217
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

KQ ABP 4.26
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