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Transcentury IPO
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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amnt touching anything untill the elections ahead clear up...the last thing you shld do is dip your money in a downward and nervous market...
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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the existing shareholders have agreed to hold at least 50% of their share for the next 2 years. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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mwekez@ji wrote:On page 147 of the IM, TCL have indicated that they expect to get over 99% (1796/1809) of their profit in 2011 from power division in the following way: Quote:Tripling of capacity in East Africa Cables, tripling of capacity at Tanelet, 50% capacity increase at Kewberg as well as increasing commodity prices. I think they are unrealistic. The good thing with listing by introduction is that even though they are talking of a price of 50, we are at liberty to bid at the price we think the company is worth. I will be bidding at a price that is way way way lower Actually If we were all to bid for kido 10/= they will have no option than sell it at that price Demand V/s supply, Unless they hold into their shareholding until the next FY. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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TC mautius holdings LTD African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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selah wrote:mwekez@ji wrote:On page 147 of the IM, TCL have indicated that they expect to get over 99% (1796/1809) of their profit in 2011 from power division in the following way: Quote:Tripling of capacity in East Africa Cables, tripling of capacity at Tanelet, 50% capacity increase at Kewberg as well as increasing commodity prices. I think they are unrealistic. The good thing with listing by introduction is that even though they are talking of a price of 50, we are at liberty to bid at the price we think the company is worth. I will be bidding at a price that is way way way lower Actually If we were all to bid for kido 10/= they will have no option than sell it at that price Demand V/s supply, Unless they hold into their shareholding until the next FY. if am to buy into this counter, i am seeing myself quote at 40.00 per share. this is after loking at page 152 of the prospectus. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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Sober wrote:selah wrote:mwekez@ji wrote:On page 147 of the IM, TCL have indicated that they expect to get over 99% (1796/1809) of their profit in 2011 from power division in the following way: Quote:Tripling of capacity in East Africa Cables, tripling of capacity at Tanelet, 50% capacity increase at Kewberg as well as increasing commodity prices. I think they are unrealistic. The good thing with listing by introduction is that even though they are talking of a price of 50, we are at liberty to bid at the price we think the company is worth. I will be bidding at a price that is way way way lower Actually If we were all to bid for kido 10/= they will have no option than sell it at that price Demand V/s supply, Unless they hold into their shareholding until the next FY. if am to buy into this counter, i am seeing myself quote at 40.00 per share. this is after loking at page 152 of the prospectus. I must say The management of this company are really good at sourcing capital the prospectus of this CONVERTIBLE BOND looks Interesting. I dont think the share will Go below 40/= if whats in this prospectus attracts good investors. Check out the 117 page prospectus www.stockexchangeofmauri...ds/NewsDocs/LP310511.doc'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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I dont know if I have broken some Laws by putting a link that is publicly available in the Net. In the document they have indicated as follows. Quote:This document is intended only for the use of the person to whom it is addressed and is not to be redistributed, reproduced or used, in whole or in part, for any other purpose. Now I dont know who it is addressed to since its in public domain. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Member Joined: 8/5/2009 Posts: 597
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Given @ Selah shared document, the price of the share should be Kshs 40.00,and not Kshs 50.00 as the convertible bond when converted on year one is Kshs 40. Given conversion period starts anytime on or after the listing of the share at the NSE. The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Sober wrote:the existing shareholders have agreed to hold at least 50% of their share for the next 2 years. That's how you see it. I see it this way: The existing shareholders have decided to sell 50% of their shares GOD BLESS YOUR LIFE
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Rank: New-farer Joined: 7/6/2011 Posts: 13
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Kenyan Insider wrote:Guys, if you had the opportunity to get in on this action before the listing would you take it? I'm new here, so first of all hello to everyone. If I were to buy it would be my first official transaction at NSE since the only other one that I have done was to buy a friend some safcom shares. The money was his and not mine. I'm basically a mwananchi wa kawaida and know very little about this stuff. So instead of answering your question I will ask one. How does one go about choosing which shares to buy? I've also seen an advert about British American. It said one needs 18,000. I could get it but don't know if its a good decision. What do you think?
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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NearSaneIntelligentSaint wrote:Kenyan Insider wrote:Guys, if you had the opportunity to get in on this action before the listing would you take it? I'm new here, so first of all hello to everyone. If I were to buy it would be my first official transaction at NSE since the only other one that I have done was to buy a friend some safcom shares. The money was his and not mine. I'm basically a mwananchi wa kawaida and know very little about this stuff. So instead of answering your question I will ask one. How does one go about choosing which shares to buy? I've also seen an advert about British American. It said one needs 18,000. I could get it but don't know if its a good decision. What do you think? I am a Layman Like you and this are My 4 key lessons I learnt the hard way. 1.Do your own research .Five yr company results offer immense information on trends and future prospects of a company. 2.Experts/analyst are not always Right, but their insight, most of the time, shape the market. 3.Have a risk analysis tool that will give you a signal when ur shares/watchlist are experiencing some pressure. 4.Treat your investments like any other business use every metric available to analyse the strength of the companies you are investing in. Those are My main lessons which I think are critical In investing in stock.There is another thread with other tips I cant remember the title. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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@NearSaneIntelligentSaint I finally located the Post Just Go through it, Very informative. http://www.wazua.co.ke/f...aspx?g=posts&t=12920'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Rank: Hello Joined: 5/28/2011 Posts: 5 Location: Nairobi
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After reading all the comments - i must say i am now more confused. there is much to consider before investing
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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selah wrote:Sober wrote:
if am to buy into this counter, i am seeing myself quote at 40.00 per share. this is after loking at page 152 of the prospectus.
I must say The management of this company are really good at sourcing capital the prospectus of this CONVERTIBLE BOND looks Interesting. I dont think the share will Go below 40/= if whats in this prospectus attracts good investors. Check out the 117 page prospectus www.stockexchangeofmauri...ds/NewsDocs/LP310511.doc If the share trades above KES.40 the bond holders will quickly convert them to shares and make a killing by selling them to you. And, the PE ratio is just very high at your prices I'll be bidding way way way lower
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@mwekez @ji, conversion is never at the option of the holder but the company's discretion
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Gordon Gekko wrote:@mwekez @ji, conversion is never at the option of the holder but the company's discretion @Gordon Gekko, read page 152 of the IM (conversion right) and page 90 of the bond prospectus and you will realize that conversion is an option and a right of the bondholder. Actually, they can even convert on the first day of listing i.e. 14th July 2011
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Rank: New-farer Joined: 7/6/2011 Posts: 13
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[quote=selah]@NearSaneIntelligentSaint I finally located the Post Just Go through it, Very informative. http://www.wazua.co.ke/f...spx?g=posts&t=12920[/quote] Thank you for the advise @selah. From Colossians 2:2-3 I can see we are already two of a kind.
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