@vitu

There is no prospectus. I have been following this offer and still have'nt got all information.

For example,the accounts for the company for the year ended Dec 2008 are not yet out. So,you'll have to base your decisions on the results of 2007.

Further,it is now clear to me that,last year,TCL wanted to raise Ksh 3.2 B by inviting a select investor group to its membership. The minimum investment was put at sh 1 M @ sh 50 per share (new ordinary shares).

I do not know how successiful that was. That issue was supposed to be a pre-listing opportunity. The company anticipated to list by end of this year.

@stonemimi - 2007 was a blockbuster year for many investment firms... Using 2007's results means buying at the top of the market.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB

After all Pretty is not so young as she has made us believe.She knows the bus company OTC hehehehe

Here's their portfolio - it could help you make an informed judgement depending on what they are into.

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

I think generally,the confidence in equity market is low and going public now wouldnt make sense. the other alternative for them to raise money cheaply is by going OTC. Looking into it in a positive way,they could just be rationalising their investments by trying to acquire cheaper funds instead of taking up the loans at currently high interest rates.

their portfolio doesnt look that bad to me except for the RVR.

I wouldnt really say they will be irrelevant come 2013 coz i know those in Kenyatta era are still relevant today..... all these goons in power are cut from the same cloth and even if we change guard at the house on the hill,if the occupant or his cronies are given a 5% shareholding in Tanelec,you think they will touch these companies? Never! In any case,they all have interests so dont rule them out any time soon... they arent stupid either and the promoters know how to play in rough waters.

Experience is what you get when you don't get what you want.

Though an importnat consideration,I think we are overdramatising the 2012 effect given these dudes came together in 1997 and many are still unknown even today.

Instead,if any of you has received the prospectus (including 2008 AR),please either give us some excerpts here or fwd to us and we can have an investment discussion.


www.mjengakenya.blogspot.com