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3 Pages<123
East African Cables
Ebenyo
#41 Posted : Monday, January 27, 2020 1:13:51 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,783
Location: Kitale
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.
Towards the goal of financial freedom
FUNKY
#42 Posted : Tuesday, January 28, 2020 6:38:35 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,587
Metch
#43 Posted : Tuesday, January 28, 2020 10:32:24 AM
Rank: Member


Joined: 12/22/2015
Posts: 185
Location: Mombasa, Kenya
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...
Start!
Fyatu
#44 Posted : Tuesday, January 28, 2020 10:49:43 AM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,693
Location: Nakuru
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.
Dumb money becomes dumb only when it listens to smart money
sparkly
#45 Posted : Tuesday, January 28, 2020 12:02:45 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,543
Location: Enk are Nyirobi
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30.
Life is short. Live passionately.
Ericsson
#46 Posted : Tuesday, January 28, 2020 12:24:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,981
Location: NAIROBI
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.

The wazees exited kitambo
Metch
#47 Posted : Tuesday, January 28, 2020 1:32:26 PM
Rank: Member


Joined: 12/22/2015
Posts: 185
Location: Mombasa, Kenya
Ericsson wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.

The wazees exited kitambo


We know these wazees and their tactics. Who are the current top shareholders?
Start!
VituVingiSana
#48 Posted : Tuesday, January 28, 2020 2:19:28 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,686
Location: Nairobi
sparkly wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30
Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
passiveinvestor
#49 Posted : Tuesday, January 28, 2020 5:06:16 PM
Rank: Member


Joined: 12/8/2006
Posts: 100
VituVingiSana wrote:
sparkly wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30
Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends.

Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale.
Ericsson
#50 Posted : Tuesday, January 28, 2020 8:10:47 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,981
Location: NAIROBI
passiveinvestor wrote:
VituVingiSana wrote:
sparkly wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30
Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends.

Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale.


They had been given exclusive monopoly to supply cables to Kenya power.
When this ended fortunes turned
passiveinvestor
#51 Posted : Tuesday, January 28, 2020 8:53:30 PM
Rank: Member


Joined: 12/8/2006
Posts: 100
Ericsson wrote:
passiveinvestor wrote:
VituVingiSana wrote:
sparkly wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30
Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends.

Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale.


They had been given exclusive monopoly to supply cables to Kenya power.
When this ended fortunes turned

They never had an exclusive monopoly. They were the lowest priced, high quality cable provider, post tax and production. You can't compete locally against a person importing from China and evading taxes and duties.
Any "monopoly" they had emanated from having established a factory in the country and creating employment.
Ericsson
#52 Posted : Wednesday, January 29, 2020 4:02:58 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,981
Location: NAIROBI
passiveinvestor wrote:
Ericsson wrote:
passiveinvestor wrote:
VituVingiSana wrote:
sparkly wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30
Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends.

Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale.


They had been given exclusive monopoly to supply cables to Kenya power.
When this ended fortunes turned

They never had an exclusive monopoly. They were the lowest priced, high quality cable provider, post tax and production. You can't compete locally against a person importing from China and evading taxes and duties.
Any "monopoly" they had emanated from having established a factory in the country and creating employment.


Kibaki and TCL wazees were friends.
Digest the meaning of that in the context of kenyan politics and business
passiveinvestor
#53 Posted : Wednesday, January 29, 2020 8:10:03 AM
Rank: Member


Joined: 12/8/2006
Posts: 100
passiveinvestor wrote:
Ericsson wrote:
passiveinvestor wrote:
VituVingiSana wrote:
sparkly wrote:
Fyatu wrote:
Metch wrote:
Ebenyo wrote:
[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote]



And just the other day they got some cash for equity.


It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading...



Hehehehe.....tell them. Transcentury wazees are no jokes.


People ignore red signals at their own peril.
I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30
Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends.

Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale.


They had been given exclusive monopoly to supply cables to Kenya power.
When this ended fortunes turned

They never had an exclusive monopoly. They were the lowest priced, high quality cable provider, post tax and production. You can't compete locally against a person importing from China and evading taxes and duties.
Any "monopoly" they had emanated from having established a factory in the country and creating employment.

Well, I'm Twitter Famous! Mihr, show yourself!!

"Mihr Thakar (@MihrThakar) tweeted at 7:02 am on Wed, Jan 29, 2020:
"For over 50 years, the Company has remained an iconic brand in this region."

This company must be supported, instead of allowing tenderpreneurs to import substandard cables Illegally and often without duty. @ibn_ubady @eacables
(https://twitter.com/MihrThakar/status/1222369435664764929?s=03)
"
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