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Transcentury in 1.5b loss 1H 2014
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mlennyma
#1 Posted : Friday, August 22, 2014 8:46:12 AM
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http://mobile.reuters.co...N0QR48M20140821?irpc=932
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Kastone
#2 Posted : Friday, August 22, 2014 9:39:15 AM
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Aha, explains the drop in prices of late. What's the future of this stock, considering the new mining levies?
“The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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ngapat
#3 Posted : Friday, August 22, 2014 11:48:55 AM
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http://www.transcentury....alf%20Year%20Results.pdf
“Invest in yourself. Your career is the engine of your wealth.”
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VituVingiSana
#4 Posted : Friday, August 22, 2014 9:25:52 PM
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If TCL cannot get the price of the shares above 50/- by March 2016, it will have to raise a new bond to pay off the bondholders OR give the bondholders more favorable terms of conversion. Either way, I am staying out until mid 2015 (after 1H 2015 results are released) then re-assess the firm.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#5 Posted : Sunday, August 24, 2014 7:10:51 AM
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VituVingiSana wrote:
If TCL cannot get the price of the shares above 50/- by March 2016, it will have to raise a new bond to pay off the bondholders OR give the bondholders more favorable terms of conversion. Either way, I am staying out until mid 2015 (after 1H 2015 results are released) then re-assess the firm.


Expect some PPT
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sparkly
#6 Posted : Sunday, August 24, 2014 7:16:28 AM
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Kastone wrote:
Aha, explains the drop in prices of late. What's the future of this stock, considering the new mining levies?

Management attributes losses to the RVR write down and delay of projects. Profits from the delayed projects will be booked on H2.
Life is short. Live passionately.
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whiteowl
#7 Posted : Monday, August 25, 2014 11:36:52 AM
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Looks like it's headed to 15
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hisah
#8 Posted : Monday, August 25, 2014 12:37:23 PM
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VituVingiSana wrote:
If TCL cannot get the price of the shares above 50/- by March 2016, it will have to raise a new bond to pay off the bondholders OR give the bondholders more favorable terms of conversion. Either way, I am staying out until mid 2015 (after 1H 2015 results are released) then re-assess the firm.

This had escaped from my sight. So it's possible TCL might end up in a bond holdout scenario? That will really suck and crater the share price!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Fyatu
#9 Posted : Monday, August 25, 2014 1:58:13 PM
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21 has printed Drool this laggard will make me rich after 10 years of holding
Dumb money becomes dumb only when it listens to smart money
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mwanafunzi
#10 Posted : Monday, August 25, 2014 2:06:24 PM
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sparkly wrote:
Kastone wrote:
Aha, explains the drop in prices of late. What's the future of this stock, considering the new mining levies?

Management attributes losses to the RVR write down and delay of projects. Profits from the delayed projects will be booked on H2.


Ati delayed projects. How do you book cost in H1 and profits in H2. where is IFRS?
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VituVingiSana
#11 Posted : Tuesday, August 26, 2014 5:52:58 PM
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hisah wrote:
VituVingiSana wrote:
If TCL cannot get the price of the shares above 50/- by March 2016, it will have to raise a new bond to pay off the bondholders OR give the bondholders more favorable terms of conversion. Either way, I am staying out until mid 2015 (after 1H 2015 results are released) then re-assess the firm.

This had escaped from my sight. So it's possible TCL might end up in a bond holdout scenario? That will really suck and crater the share price!
TCL will have to pay off the bond or be locked out of the Bond Market. It will probably raise the cash by borrowing from banks.

Anyway, I indicated the options it has. And they all point to a dilution of shares/value unless there is a significant improvement in the underlying business and the share price trends much higher. To get to 50/- by March 2016, TCL needs 40% annualized growth in the share price. Not easy but not impossible either. See ARM which issued Convertible Bonds. Though Pradeep Paunrana is a very smart chap & knows how to play the game!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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its2013
#12 Posted : Sunday, September 21, 2014 11:53:07 PM
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hisah
#13 Posted : Monday, September 22, 2014 5:14:46 AM
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its2013 wrote:
www.businessdailyafrica.com/Top-TransCentury-investors-offload-13-1-million-shares/-/539552/2460964/-/15o948g/-/index.html

Conclusion is TCL will not be trading above 50 by 2016. How will TCL rally in 2015 which has all the signs of a sellside yr?

@vvs - that bond holdout will crater this counter. Might as well wait for that dilution capitulation and hope that it forces a sober reevaluation by mr market.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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its2013
#14 Posted : Monday, September 22, 2014 8:04:03 AM
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hisah wrote:
its2013 wrote:
www.businessdailyafrica.com/Top-TransCentury-investors-offload-13-1-million-shares/-/539552/2460964/-/15o948g/-/index.html

Conclusion is TCL will not be trading above 50 by 2016. How will TCL rally in 2015 which has all the signs of a sellside yr?

@vvs - that bond holdout will crater this counter. Might as well wait for that dilution capitulation and hope that it forces a sober reevaluation by mr market.


*fingers crossed*
Pretty hurts
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Fyatu
#15 Posted : Monday, September 22, 2014 12:01:50 PM
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anyone with news about Tranny's invovement in Lake Turkana Wind Project....did Civicon start building the road ama there is another "delay"?

I'm in this mbus for the long haul
Dumb money becomes dumb only when it listens to smart money
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bubethi
#16 Posted : Monday, October 13, 2014 10:25:05 AM
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After a loooong slumber, TCL has woken up with a good mood today

22.75 printed
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Akenyan2014
#17 Posted : Monday, October 13, 2014 6:08:31 PM
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bubethi wrote:
After a loooong slumber, TCL has woken up with a good mood today

22.75 printed



And what is this TCL price alternating the gain to 22 and thereafter losing to 19.5 over the last few days?
Are these guys part of the JV with KEGN given they are already working on the Menengai geothermal power plant?
I smell sth
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mlennyma
#18 Posted : Tuesday, October 14, 2014 12:25:01 PM
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Waking up emotional one day doesnt change your status.
"Don't let the fear of losing be greater than the excitement of winning."
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whiteowl
#19 Posted : Wednesday, November 19, 2014 12:35:22 PM
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Heading to sub 10/=?
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The optimist
#20 Posted : Wednesday, November 19, 2014 3:27:38 PM
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whiteowl wrote:
Heading to sub 10/=?

Why
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