 |
| Investor |
| We’re investing funds for profit. Join us and wazua! |
|
|
|
|
|
|
|
Wazua
»
Investor
»
Stocks
»
EA Cables and Transcentury FY 2018
Rank: Member Joined: 12/22/2015 Posts: 202 Location: Mombasa, Kenya
|
KaunganaDoDo wrote:mwekez@ji wrote:I thought this is a reason to warrant suspension of the counter from trading at NSE IT IS What exactly has the receiver taken over? Are they now running the firm? Start!
|
|
|
Rank: New-farer Joined: 2/8/2018 Posts: 67
|
Specific plant and machinery, in this case if we are to use the analogy of a car, then a vital part of the plant would be the whole or part of the engine.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 8,676 Location: NAIROBI
|
Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020
|
|
|
Rank: Member Joined: 12/22/2015 Posts: 202 Location: Mombasa, Kenya
|
Ericsson wrote:Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020 Link please... Start!
|
|
|
Rank: Member Joined: 12/22/2015 Posts: 202 Location: Mombasa, Kenya
|
Metch wrote:Ericsson wrote:Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020 Link please... Delisting TCL only or is CABL also leaving the market? TCL is up 10% this morning Start!
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 17,150 Location: Nairobi
|
Metch wrote:Metch wrote:Ericsson wrote:Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020 Link please... Delisting TCL only or is CABL also leaving the market? TCL is up 10% this morning I saw the TCL Notice. Nothing from Cables but they are joined at the hip so it might be a matter of time. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 8,676 Location: NAIROBI
|
VituVingiSana wrote:Metch wrote:Metch wrote:Ericsson wrote:Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020 Link please... Delisting TCL only or is CABL also leaving the market? TCL is up 10% this morning I saw the TCL Notice. Nothing from Cables but they are joined at the hip so it might be a matter of time. Reasons given for delisting; --it will help fast track decision making process --Reduced liquidity in the NSE --Increase in funding sources for private non listed entities
|
|
|
Rank: New-farer Joined: 7/1/2019 Posts: 59
|
Metch wrote:Metch wrote:Ericsson wrote:Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020 Link please... Delisting TCL only or is CABL also leaving the market? TCL is up 10% this morning Just to quote one of the founding wazees with considerable stake in TCL..... fair value = 28 bob
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 17,150 Location: Nairobi
|
Receptor wrote:Metch wrote:Metch wrote:Ericsson wrote:Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020 Link please... Delisting TCL only or is CABL also leaving the market? TCL is up 10% this morning Just to quote one of the founding wazees with considerable stake in TCL..... fair value = 28 bob Was that before or after they defaulted on their bond payments? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: New-farer Joined: 7/1/2019 Posts: 59
|
VituVingiSana wrote:Receptor wrote:Metch wrote:Metch wrote:Ericsson wrote:Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020 Link please... Delisting TCL only or is CABL also leaving the market? TCL is up 10% this morning Just to quote one of the founding wazees with considerable stake in TCL..... fair value = 28 bob Was that before or after they defaulted on their bond payments? It was last year at Sigona Golf club when doing my side hustle as caddie
|
|
|
Rank: Member Joined: 12/22/2015 Posts: 202 Location: Mombasa, Kenya
|
Receptor wrote:VituVingiSana wrote:Receptor wrote:Metch wrote:Metch wrote:Ericsson wrote:Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020 Link please... Delisting TCL only or is CABL also leaving the market? TCL is up 10% this morning Just to quote one of the founding wazees with considerable stake in TCL..... fair value = 28 bob Was that before or after they defaulted on their bond payments? It was last year at Sigona Golf club when doing my side hustle as caddie These Wazees are always upto something. How is 28 bob fair value for a firm that has been bleeding so profusely? Start!
|
|
|
Rank: Member Joined: 12/22/2015 Posts: 202 Location: Mombasa, Kenya
|
Metch wrote:Receptor wrote:VituVingiSana wrote:Receptor wrote:Metch wrote:Metch wrote:Ericsson wrote:Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020 Link please... Delisting TCL only or is CABL also leaving the market? TCL is up 10% this morning Just to quote one of the founding wazees with considerable stake in TCL..... fair value = 28 bob Was that before or after they defaulted on their bond payments? It was last year at Sigona Golf club when doing my side hustle as caddie These Wazees are always upto something. How is 28 bob fair value for a firm that has been bleeding so profusely? Question is, How high will it go before its suspended from trading? Start!
|
|
|
Rank: New-farer Joined: 7/1/2019 Posts: 59
|
Metch wrote:
These Wazees are always upto something.
How is 28 bob fair value for a firm that has been bleeding so profusely?
28 bob is bei ya jioni....on face value all assets aggregate to about 23 billions. Forget about madeni, sijui oh, sijui nav, sijui P.E., sijui nini and other big words disgraced wazua CFA's are fond of.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 17,150 Location: Nairobi
|
Receptor wrote:Metch wrote:
These Wazees are always upto something.
How is 28 bob fair value for a firm that has been bleeding so profusely?
28 bob is bei ya jioni....on face value all assets aggregate to about 23 billions. Forget about madeni, sijui oh, sijui nav, sijui P.E., sijui nini and other big words disgraced wazua CFA's are fond of. And yet, here we are with a firm that couldn't pay its debts. Assets that come with equal debts means little. ARM, KQ, etc all had "assets" and forgot about the "madeni" until the creditors came knocking. I wish it well after the delisting but what is it it couldn't do while listed to make its shareholders wealthy? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: New-farer Joined: 7/1/2019 Posts: 59
|
VituVingiSana wrote:
And yet, here we are with a firm that couldn't pay its debts.
Assets that come with equal debts means little.
ARM, KQ, etc all had "assets" and forgot about the "madeni" until the creditors came knocking.
I wish it well after the delisting but what is it it couldn't do while listed to make its shareholders wealthy?
From their latest disclosure, all debt has been restructured. Remember how SBM bank came with moto mingi and even tried to auction EACables over a deni of 200 mili? The wazees pulled a rabbit out of the hat and SBM quietly accepted their terms. Unlike ARM and Nakumatt, TC books are not mired with untidy transactions of insider lending. Remember ARM hid a 13 billion insider loan in their books for years before the truth finally caught up with them. I also wish TC well. I like the wazees who despite being mkono gamu, always give valuable advise if you are lucky to interact with them.
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 17,150 Location: Nairobi
|
Receptor wrote:VituVingiSana wrote:
And yet, here we are with a firm that couldn't pay its debts.
Assets that come with equal debts means little.
ARM, KQ, etc all had "assets" and forgot about the "madeni" until the creditors came knocking.
I wish it well after the delisting but what is it it couldn't do while listed to make its shareholders wealthy?
From their latest disclosure, all debt has been restructured. Remember how SBM bank came with moto mingi and even tried to auction EACables over a deni of 200 mili? The wazees pulled a rabbit out of the hat and SBM quietly accepted their terms. Unlike ARM and Nakumatt, TC books are not mired with untidy transactions of insider lending. Remember ARM hid a 13 billion insider loan in their books for years before the truth finally caught up with them. I also wish TC well. I like the wazees who despite being mkono gamu, always give valuable advise if you are lucky to interact with them. Good luck! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Member Joined: 12/22/2015 Posts: 202 Location: Mombasa, Kenya
|
VituVingiSana wrote:Metch wrote:Metch wrote:Ericsson wrote:Transcentury has began the process of delisting from the NSE.
Shareholders to ratify at the EGM on 30th July 2020 Link please... Delisting TCL only or is CABL also leaving the market? TCL is up 10% this morning I saw the TCL Notice. Nothing from Cables but they are joined at the hip so it might be a matter of time. The two are heading north bega kwa bega. Though CABL is sluggish needs some news to inspire Start!
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 8,676 Location: NAIROBI
|
Extraordinary general meeting cancelled.
|
|
|
Rank: Member Joined: 12/22/2015 Posts: 202 Location: Mombasa, Kenya
|
Ericsson wrote:Extraordinary general meeting cancelled. Where are FY results? 31st July deadline is here Start!
|
|
|
Rank: Member Joined: 12/22/2015 Posts: 202 Location: Mombasa, Kenya
|
Metch wrote:Ericsson wrote:Extraordinary general meeting cancelled. Where are FY results? 31st July deadline is here Never mind  Start!
|
|
|
Wazua
»
Investor
»
Stocks
»
EA Cables and Transcentury FY 2018
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|