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East African Cables U Turn...
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VituVingiSana
#21 Posted : Wednesday, February 09, 2011 4:07:30 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
@ephy - No, EAC did NOT buy a Zambian Copper Mine [show me the links/info]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kyt
#22 Posted : Wednesday, February 09, 2011 4:12:52 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
I think TC controlls the prices of this stock. At that level they will dump them to the public. Those who bought will be left hanging and burnt. Buy at your own peril.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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nahdy
#23 Posted : Wednesday, February 09, 2011 4:19:57 PM
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Joined: 6/29/2006
Posts: 184
@all.. please where r the results for EAC ... link please
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xxxxx
#24 Posted : Wednesday, February 09, 2011 5:21:12 PM
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Joined: 3/20/2008
Posts: 503
Will someone please post a link to the results announcement. I've tried the nse website link and it does not work for me.

thanks
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kenmac
#25 Posted : Wednesday, February 09, 2011 5:26:07 PM
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Joined: 5/26/2009
Posts: 1,793
>> on the fantasy market, one xxxxx climbed 289 points riding on this share
......Ecclesiastes
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youcan'tstopusnow
#26 Posted : Wednesday, February 09, 2011 5:28:07 PM
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Joined: 3/24/2010
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Location: Black Africa
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kenmac
#27 Posted : Wednesday, February 09, 2011 5:28:41 PM
Rank: Elder


Joined: 5/26/2009
Posts: 1,793
xxxxx wrote:
Will someone please post a link to the results announcement. I've tried the nse website link and it does not work for me.

thanks



at least you were smoked out by this...
http://www.reuters.com/a...s-idUSLDE7171X620110208
......Ecclesiastes
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the deal
#28 Posted : Thursday, February 10, 2011 8:23:24 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
East African Cables (CABL.NR: Quote) jumped 24 percent to 20
shillings a share after the cable maker announced it will issue
one bonus share for every four held. [ID: nLDE7181LM]

The firm announced that its 2010 full-year pre-tax profit
had halved to 258.6 million shillings ($3.2 million) after a 203
million shilling charge related to its struggling Tanzanian
unit. [ID: nLDE7171X6 ]

The company had issued a profit warning in July.

"The spike in East African Cables is speculative due to the
bonus issue, but is not sustainable going forward," said Onesmus
Nzioka, an analyst at Sterling Investment Bank.
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mlennyma
#29 Posted : Thursday, February 10, 2011 9:00:03 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
We know its not,thats why we are clever to get out with more than 20% in the pocket...i will not be suprised if it dips today...going forward the company will still grow or even diversify coz its not owned by paupers.
"Don't let the fear of losing be greater than the excitement of winning."
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madebe
#30 Posted : Thursday, February 10, 2011 10:00:01 AM
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Joined: 10/7/2010
Posts: 251
Location: nairobi
anybody with the annual report presentation in serena?
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xxxxx
#31 Posted : Thursday, February 10, 2011 10:36:10 AM
Rank: Member


Joined: 3/20/2008
Posts: 503
kenmac wrote:
xxxxx wrote:
Will someone please post a link to the results announcement. I've tried the nse website link and it does not work for me.

thanks



at least you were smoked out by this...
http://www.reuters.com/a...s-idUSLDE7171X620110208



Thanks for the capitalfm link.

East Africa Cables produces copper electrical cables and conductors for domestic and industrial use and aluminium conductors for power transmission.

It is clear that the company has not been able to accelerate its ability to leverage on the above strong point.

Word (or rumour for that matter) has it that the aluminium plant is largely idle whilst high overhead costs continue to bear down. In fact most investors have argued that the company has a deteriorating business model primarily due to the intense competition from Chinese imports.

But then again, which business doesn't.

This is how I look at its business.

The company has an excellent story to tell - regional growth expectations and high infrastructure spending in Kenya, Uganda and Tanzania where the company operates.

I still believe the regional growth and infrastructure themes are quite powerful and bode well for the company in the future.

But that's just me.
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Ephy
#32 Posted : Thursday, February 10, 2011 10:55:45 AM
Rank: Member


Joined: 9/18/2009
Posts: 19
VituVingiSana wrote:
@ephy - No, EAC did NOT buy a Zambian Copper Mine [show me the links/info]


http://www.transcentury.co.ke/power.asp

Its a metal fabricator company.10% holding.That means they can influence the purchase price,get good credit terms and supply chain of the copper which is core component of their wiring process.
Diversification will work well for them. KPLC was not a big buyer of their armoured cables in 2010 opting to import a lot but now,they may get back big time.Hope the crisis in Egypt last a bit. U know y,dn't u!!?
See what everyone has seen,but think what nobody has thought. Albert Szent-Gyorgyi
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VituVingiSana
#33 Posted : Thursday, February 10, 2011 11:43:12 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Ephy wrote:
VituVingiSana wrote:
@ephy - No, EAC did NOT buy a Zambian Copper Mine [show me the links/info]


http://www.transcentury.co.ke/power.asp

Its a metal fabricator company.10% holding.That means they can influence the purchase price,get good credit terms and supply chain of the copper which is core component of their wiring process.
Diversification will work well for them. KPLC was not a big buyer of their armoured cables in 2010 opting to import a lot but now,they may get back big time.Hope the crisis in Egypt last a bit. U know y,dn't u!!?
Mon Ami, EAC is not TC. TC is not EAC.

What I see is TC owns part of ZAMEFA. If anything, TC keeps some cream for themselves. So the benefits do not flow to EAC...

ZAMEFA is not a Copper Mining operation but a 'processor' [metal fabricator]...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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kiash
#34 Posted : Tuesday, April 12, 2016 2:37:45 PM
Rank: Veteran


Joined: 4/27/2010
Posts: 951
Location: Nyumbani
What is coming?? the stock has started going up
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mlennyma
#35 Posted : Tuesday, April 12, 2016 2:59:36 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
kiash wrote:
What is coming?? the stock has started going up

nothing
"Don't let the fear of losing be greater than the excitement of winning."
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Spikes
#36 Posted : Tuesday, April 12, 2016 3:03:18 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
mlennyma wrote:
kiash wrote:
What is coming?? the stock has started going up

nothing




Just an upward price correction but when the pendulum returns south it will sweep everything on the way not sparing big boys and Wanjiku alike.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Metch
#37 Posted : Tuesday, April 12, 2016 10:26:38 PM
Rank: Member


Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Spikes wrote:
mlennyma wrote:
kiash wrote:
What is coming?? the stock has started going up

nothing




Just an upward price correction but when the pendulum returns south it will sweep everything on the way not sparing big boys and Wanjiku alike.


@Spikes, ever posted anything positive? u r the same guy waiting for KQ at 2 bob and KK at 8 bob. spread a little hope for heavens sake.
Start!
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Spikes
#38 Posted : Tuesday, April 12, 2016 10:33:36 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Metch wrote:
Spikes wrote:
mlennyma wrote:
kiash wrote:
What is coming?? the stock has started going up

nothing




Just an upward price correction but when the pendulum returns south it will sweep everything on the way not sparing big boys and Wanjiku alike.


@Spikes, ever posted anything positive? u r the same guy waiting for KQ at 2 bob and KK at 8 bob. spread a little hope for heavens sake.



Buy low;sell high. I am always optimistic.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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enyands
#39 Posted : Tuesday, April 12, 2016 10:46:00 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
Spikes wrote:
Metch wrote:
Spikes wrote:
mlennyma wrote:
kiash wrote:
What is coming?? the stock has started going up

nothing




Just an upward price correction but when the pendulum returns south it will sweep everything on the way not sparing big boys and Wanjiku alike.


@Spikes, ever posted anything positive? u r the same guy waiting for KQ at 2 bob and KK at 8 bob. spread a little hope for heavens sake.



Buy low;sell high. I am always optimistic.


I complained before about you being constantly negative .I think you are pessimistic not optimistic
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Spikes
#40 Posted : Wednesday, April 13, 2016 6:23:08 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
enyands wrote:
Spikes wrote:
Metch wrote:
Spikes wrote:
mlennyma wrote:
kiash wrote:
What is coming?? the stock has started going up

nothing




Just an upward price correction but when the pendulum returns south it will sweep everything on the way not sparing big boys and Wanjiku alike.


@Spikes, ever posted anything positive? u r the same guy waiting for KQ at 2 bob and KK at 8 bob. spread a little hope for heavens sake.



Buy low;sell high. I am always optimistic.


I complained before about you being constantly negative .I think you are pessimistic not optimistic



I in the stock market always njia ni mbili. Ya tatu ni ya mkato.

1. Fear and hope
2. Pessimism and optimism
3. Buy and sell
4. Shafter and the shafted
5. Money is made and money is lost
6. Upward movement and downward movement in prices and volume.
7. Entry price and exit price.




John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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