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TransCentury H1 2012 profit jumps six fold
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mwekez@ji
#1 Posted : Tuesday, July 24, 2012 8:17:07 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
Both top line and bottom line have impressively grown

http://www.businessdailyafrica....34/-/5y5mos/-/index.html
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hisah
#2 Posted : Tuesday, July 24, 2012 9:26:27 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
Both top line and bottom line have impressively grown

http://www.businessdailyafrica....34/-/5y5mos/-/index.html

But commodities are reversing to bullishness. If by end year that commodo bull is intact those profits will be crimped.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#3 Posted : Tuesday, July 24, 2012 10:34:26 AM
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Joined: 5/31/2011
Posts: 5,121
@hisah, TCL has many drivers. This time the power (Cables) and engineering (Civicon) divisions did it. Transport (RVR) division is long overdue. Civicon is a sure bet here.

http://www.transcentury.co.ke/u...%20Year%20Results(1).pdf
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mwekez@ji
#4 Posted : Tuesday, July 24, 2012 10:36:56 AM
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Joined: 5/31/2011
Posts: 5,121
TCL guides that activities in oil and gas, mining and power clients will drive earnings in future. Just recently, TCL’s subsidiary, Civicon, won a KES 3.2bn (USD 36m) contract to rehabilitate 204 km of access roads for the Lake Turkana Wind Power Project and the construction of an on-site road network spanning 109 km. Civicon also has another upstream client, Tullow Plc, which has discovered oil in the Turkana County. (sib)
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hisah
#5 Posted : Tuesday, July 24, 2012 5:36:37 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
mwekez@ji wrote:
@hisah, TCL has many drivers. This time the power (Cables) and engineering (Civicon) divisions did it. Transport (RVR) division is long overdue. Civicon is a sure bet here.

http://www.transcentury.co.ke/u...%20Year%20Results(1).pdf


Civicon is a good bet, the rest I'm very skeptical.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#6 Posted : Tuesday, July 24, 2012 8:35:33 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
hisah wrote:
mwekez@ji wrote:
Both top line and bottom line have impressively grown

http://www.businessdailyafrica....34/-/5y5mos/-/index.html

But commodities are reversing to bullishness. If by end year that commodo bull is intact those profits will be crimped.


@hisah, check the commentary in EA Cables H1 Results and notice the bearish world metal prices negatively affected EA Cables revenues. That means that the commodities bullishness that is setting in will positively affect the top line and bottom line of this TCL division smile
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mwekez@ji
#7 Posted : Tuesday, July 24, 2012 9:22:48 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
TransCentury cuts reliance on EA Cables

The new investments and the turnaround of some of its subsidiaries like Tanzania’s Tanelec have reduced the contribution of EA Cables to the revenues of the investment firm to 32 per cent from 51 per cent in June last year.

One of the new investments is Civicon, which has operations in Kenya, Rwanda, South Sudan and Uganda, where it has built roads, petroleum refineries, breweries and laid oil pipelines.
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Agra
#8 Posted : Wednesday, July 25, 2012 1:07:03 PM
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Joined: 4/22/2007
Posts: 96
Location: Agra, India
I dont trust Transcentury.
It's easy for investors to get emotional and prejudiced when trading, but computers don't
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digitek1
#9 Posted : Wednesday, July 25, 2012 1:13:31 PM
Rank: Veteran

Joined: 2/3/2010
Posts: 1,797
Location: Kenya
Agra wrote:
I dont trust Transcentury.

Shame on you qualify that
I may be wrong..but then I could be right
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VituVingiSana
#10 Posted : Wednesday, July 25, 2012 5:36:54 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
digitek1 wrote:
Agra wrote:
I dont trust Transcentury.

Shame on you qualify that
Like merali (sameer & neveready) or matu (olympia) or that chairman of olympia (also connected to express) or the directors/management of KQ
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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