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transCentury selling its shares OTC
Rank: Member Joined: 5/16/2009 Posts: 145
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About 100 million shares may be on sale OTC @sh 50. Net asset value of sh 41/share and eps of sh 4.46 as at 2008. Company has a diversified portfolio of investment,ranging from energy,industrial,to commercial banking. What is your take?
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Rank: Veteran Joined: 6/17/2009 Posts: 1,616
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@stonemimi
Did you get that right? What are they aiming for? That will raise only 50 million shillings,a drop in the ocean for them.
see it through my lens?
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Rank: Member Joined: 5/16/2009 Posts: 145
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@cnn
sorry,not 1 million but 100 million. It is not the company sellig. Transcentury is providing opportunity to the current shareholders interested in selling some of their shares to do so through an OTC system. At most,100 million shares is my estimate of what may be available. So the money goes to shareholders who may wish to divest. The 10 top shareholders have 62% of the 262 million shares. There hasn't been a secondary market through which shareholders could sell if they so wished. Do you think this as a good buy?
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Rank: Member Joined: 3/11/2009 Posts: 22
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@cnn 100 million shares at Ksh. 50 each will raise 5 billion.
@stonemimi it would be important to read the prospectus first to know if its a good buy.
'Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light,not our darkness that most frightens us.' Marianne Williamson
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Rank: Member Joined: 5/8/2009 Posts: 263 Location: Gigiri, Nairobi
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@Stonemimi v They are still holding on to RVR,a huge letdown so far unless they start building the 4 metre wide rail from Mombasa to Tororo. v Where is the OTC taking place,what time,and what do you need to qualify. v I believe it is worth putting some money in Trans-Century even if it is just for kicks…... >>>>>>It saves you hell if you treat new acquaintances as enemies consistently until each proves otherwise or confirms - Jsanchiazh. >>>>>>>In life,there are three classes of people,those who make things happen,those who watch things happen and those who ask what happened. Where do you fall? >>>>>>
A thing of beauty is a joy for ever:
Its loveliness increases;
It will never pass into nothingness;
But still will keep a bower quiet for us,
and a sleep full of sweet dreams,
and health, and quiet breathing. - Keats
>>>>>>>In life,there are three classes of people,
1. Those who make things happen,
2. Those who watch things happen
3. And those who ask what happened.
Where do you fall?
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Rank: Veteran Joined: 6/17/2009 Posts: 1,616
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@maumau;the initial posting was 1million shares
@stonemimi,do they have a minimum purchase quantity,i would have a good look at their current areas of intrest though i think i would snap a few.
see it through my lens?
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Rank: Member Joined: 5/16/2009 Posts: 145
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Minimum subsription is ksh 100,000. The agent is D&B
The portfolio looks really good. However,as many would say,the deatils are in the small prints.
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Rank: Veteran Joined: 6/17/2009 Posts: 1,616
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and they want to list when the market picks up...tempting.
see it through my lens?
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Rank: Member Joined: 6/23/2008 Posts: 12
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Were the company so good with a bright future,the big shareholders wouldn't want out? Remember the trick with IPOs; existing companies only sell you shares after hitting their peak performance and future forecasts show either a plateau or decline. Safaricom,Pakaready,Accesskenya,Mumias anyone? BBW!!
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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@Marketplaz: So where does that leave the rest of us? Are you implying that we should invest in listed companies because the initial owners are always selling off 'after hitting their peak performance and future forecasts show either a plateau or decline.'? Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow) Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Elder Joined: 2/26/2008 Posts: 4,449
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not entirely true. what was google or apples reason for listing?
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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@platz,EB?? Can silence be misquoted? TULIA.........UFUNZWE!
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Rank: Member Joined: 7/7/2009 Posts: 41
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What is OTC? Happiness is not the absence of problems, It's the ability to deal with them
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Rank: Member Joined: 9/24/2009 Posts: 20
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OTC is always a better deal if you want to cash in on good money..EB was going at 66-70 OTC..just imagine the PE for that in current EB price?
Nairoberry-'The darker the berry the sweeter the juice'
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Wonder if its linked to 2012. www.mjengakenya.blogspot.comSehemu ndio nyumba
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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This is happenening because they tried earlier to do private placement and no one bought! I think their target was a couple of Billion and they got a total of 100M. Complete failure at the institutional investor level,so now come down and con the retail end. Invest at your own peril...these guys will be irrelevant in 2013. Business opportunities are like buses,there's always another one coming Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 5/8/2009 Posts: 263 Location: Gigiri, Nairobi
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@Juojo v OTC stands for Over The Counter (Applies in the transcentury case) v You can also have OTC prescriptions,like in a pharmacy v Some time ago,am told,there used to exist a bus company called OTC v That one used to stand for Onyango Twende Country v Or better Overseas Trading Company >>>>>>It saves you hell if you treat new acquaintances as enemies consistently until each proves otherwise or confirms - Jsanchiazh. >>>>>>>In life,there are three classes of people,those who make things happen,those who watch things happen and those who ask what happened. Where do you fall? >>>>>>
A thing of beauty is a joy for ever:
Its loveliness increases;
It will never pass into nothingness;
But still will keep a bower quiet for us,
and a sleep full of sweet dreams,
and health, and quiet breathing. - Keats
>>>>>>>In life,there are three classes of people,
1. Those who make things happen,
2. Those who watch things happen
3. And those who ask what happened.
Where do you fall?
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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@Pretty; You are wrong. I was quite old during the days of OTC bus company...it was listed on the NSE,by the way. Everybody knew that OTC meant Onyango Twende Choo @Juojo In stock markets,OTC means Over The Counter. This is when a stock is sold directly by brokers without having to go to the trading board. In other words,the shares are not listed,so the are traded over the counter at the brokers' offices. Umeshika? Behind the gardens...Behind the wall...Under the tree (Including: Red...Dark Blue...Yellow) Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Veteran Joined: 9/5/2007 Posts: 627
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he he!
Just remembered I tried explaining OTC to a client sometime in 2007. After telling the lady 'it is done over the broker's counter thus over the counter', she asked very innocently, 'what if the broker has no counter?' LSHTTARDML!
Immorality: The morality of those who are having a better time!
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Rank: Chief Joined: 1/3/2007 Posts: 18,057 Location: Nairobi
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Jameni... what do you have against Onyango? Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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