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EA Cables - 1H 2012 Results
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the deal
#31 Posted : Friday, January 25, 2013 5:21:35 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
ChessMaster wrote:
Share swap could be expensive.They'll acquire more assets and end up diluting the company shares.Or I'm looking at it wrong.

Nope...the assets acquired produce profits...so any dilution in terms of EPS should be offset by profits from this new assets acquired...dilution impact minimal.
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ChessMaster
#32 Posted : Friday, January 25, 2013 5:26:59 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Not in terms of eps and dps. If they share swap,for me meaning they buy out the investors by offering them shares at TCL, they will have acquired Cables but diluted the shareholding for TCL shareholders. You get more money but you bring in more people to share it.
Uncertainty is certain.Let go
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  | | Edit by user: Friday, January 25, 2013 5:28 PM | Reason: Not specified
dunkang
#33 Posted : Friday, January 25, 2013 5:27:27 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
the deal wrote:
Now that Transcentury is at the NSE...I think TCL should buy out minority shareholders in Cables and have the company delisted...they can do a share swap...ala the I&M Bank and City Trust style. The listing of TCL could affect Cables because I dont see why I should buy shares in EA Cables when TCL owns around 63% of the Company...to kill two birds with one stone i just buy TCL

@deal, i view it the other way. Tranny relies heavily on E.A Cables, so, by buying cable you are at the same level with Tranny in owning cables, instead of been a second level owner.
Am i communicating?
Receive with simplicity everything that happens to you.” ― Rashi

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the deal
#34 Posted : Friday, January 25, 2013 5:36:05 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
dunkang wrote:
the deal wrote:
Now that Transcentury is at the NSE...I think TCL should buy out minority shareholders in Cables and have the company delisted...they can do a share swap...ala the I&M Bank and City Trust style. The listing of TCL could affect Cables because I dont see why I should buy shares in EA Cables when TCL owns around 63% of the Company...to kill two birds with one stone i just buy TCL

@deal, i view it the other way. Tranny relies heavily on E.A Cables, so, by buying cable you are at the same level with Tranny in owning cables, instead of been a second level owner.
Am i communicating?

In the past yes...but check FY 2011...FY 2012...you will see TCL is relying less and less on Cables....Civicon is the new star in the crown. If buy TCL I have ownership in Cables...Civicon...etc.
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guru267
#35 Posted : Saturday, January 26, 2013 10:02:59 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
ChessMaster wrote:
Not in terms of eps and dps. If they share swap,for me meaning they buy out the investors by offering them shares at TCL, they will have acquired Cables but diluted the shareholding for TCL shareholders. You get more money but you bring in more people to share it.


@Chessmaster theoretically DPS & EPS should remain constant in the event of a share swap!

The initial dilution in EPS of TCL would be offset by the increased earnings that will come from owning a larger share of cables!!
Mark 12:29
Deuteronomy 4:16
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ChessMaster
#36 Posted : Saturday, January 26, 2013 10:35:12 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
guru267 wrote:
ChessMaster wrote:
Not in terms of eps and dps. If they share swap,for me meaning they buy out the investors by offering them shares at TCL, they will have acquired Cables but diluted the shareholding for TCL shareholders. You get more money but you bring in more people to share it.


@Chessmaster theoretically DPS & EPS should remain constant in the event of a share swap!

The initial dilution in EPS of TCL would be offset by the increased earnings that will come from owning a larger share of cables!!

I agree,technically things remain the same.But the new shareholders who would be coming in through cables will also share the profits of the other holding of TCL where they were only exposed to cables. For an already existing shareholder,that is a form of dilution.
Uncertainty is certain.Let go
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mwekez@ji
#37 Posted : Saturday, January 26, 2013 12:41:10 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
like @Aguy, i dont like TCL. Its an overvalued counter with complex books of accounts. That leaves TCL as a Technical Analsis play. I however like E.A.Cables and Civicon. Too bad Civicon aint listed directly in NSE
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Aguytrying
#38 Posted : Saturday, January 26, 2013 2:13:08 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
mwekez@ji wrote:
like @Aguy, i dont like TCL. Its an overvalued counter with complex books of accounts. That leaves TCL as a Technical Analsis play. I however like E.A.Cables and Civicon. Too bad Civicon aint listed directly in NSE


Yeah. I fear such companies. Over valued, complex account, convertible debts, mergers and acquisitions all the signs are there. Centum is also joining this group and has the addition of no dividends.
I dont have concrete info on these companies but i dont trust them, period
The investor's chief problem - and even his worst enemy - is likely to be himself
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ChessMaster
#39 Posted : Monday, January 28, 2013 11:56:32 AM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Will it bump this week?
Uncertainty is certain.Let go
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ChessMaster
#40 Posted : Monday, January 28, 2013 2:42:34 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
Pump:)
Uncertainty is certain.Let go
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