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TransCentury, TCL FY17
Rank: Elder Joined: 6/23/2009 Posts: 14,329 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, IMH, KEGN, KQ, MTNU
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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: 14,329 Location: nairobi
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murchr wrote:It is finished. Kaput COOP, IMH, KEGN, KQ, MTNU
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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: 14,329 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, IMH, KEGN, KQ, MTNU
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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: 14,329 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, IMH, KEGN, KQ, MTNU
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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: 14,329 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, IMH, KEGN, KQ, MTNU
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