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TransCentury Sells RVR stake to Citadel

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mv_ufanisi		#31 Posted : Friday, April 04, 2014 12:53:44 PM
Rank: Member Joined: 1/15/2010 Posts: 625		Transcentury is a laggard. They seem unable to execute and their strategy doesn't seem to make much sense. Now they want to focus on energy and what if Tullow decides that they won't start oil production after all? Or the oil prospecting gets court up in a court battle?
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dunkang		#32 Posted : Friday, April 04, 2014 1:00:20 PM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		mv_ufanisi wrote: Transcentury is a laggard. They seem unable to execute and their strategy doesn't seem to make much sense. Now they want to focus on energy and what if Tullow decides that they won't start oil production after all? Or the oil prospecting gets court up in a court battle? Boss, do you know what "ENERGY/POWER" means in TransCentury's context? E.A Cable, TANELEC, Cableries du Congo, etc. Sio PETROLI au DIESEL! Their business with Tullow falls under Civicon, which is "ENGINEERING"/Construction Division. Receive with simplicity everything that happens to you.” ― Rashi
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selah		#33 Posted : Friday, April 04, 2014 1:06:57 PM
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya		Mainat wrote: Totally misguided sale IMHO. Maybe TC doesn't have the financial stamina. The Energy sector inawenyewe. Whoever gets the rail cargo right will hit a jackpot. And the business will grow exponentially. Logically. But I guess investors will cheer the 10-20% return. I totally agree with you.TC sold its share bcoz the money needed to Make RVR a viable business is humongous....very few countries have the kind of locomotives we have most migrated to SGR long time ago...I hear Tanzania is about to complete their own. I think Citadel have the financial muscle to invest without encumbrances that comes with partnership....TC was a burden to citadel and IMHO it is good riddance. '......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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georgegop		#34 Posted : Monday, April 07, 2014 12:02:31 PM
Rank: Member Joined: 8/30/2010 Posts: 183 Location: Migingo		Now this counter is headed south... Don't Work for Money, Let Money Work for You..
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dunkang		#35 Posted : Monday, April 07, 2014 12:04:17 PM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		georgegop wrote: Now this counter is headed south... Kwani whats the news?? 26/-????? Anyone with News?? Receive with simplicity everything that happens to you.” ― Rashi
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jawgey		#36 Posted : Monday, April 07, 2014 12:08:38 PM
Rank: Member Joined: 1/13/2014 Posts: 398 Location: Denmark		dunkang wrote: georgegop wrote: Now this counter is headed south... Kwani whats the news?? 26/-????? Anyone with News?? The transaction has led to a 500m loss in their books.. Until they do something with the cash its all about a free fall! Seeing is believing
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kryptonite		#37 Posted : Monday, April 07, 2014 12:11:17 PM
Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi		dunkang wrote: georgegop wrote: Now this counter is headed south... Kwani whats the news?? 26/-????? Anyone with News?? Maybe because it's been revealed they took a possible Ksh500m hit from the sale of their RVR stake to Citadel. Unfortunately today RINK provider, BD website, hasn't been updated. The harder you work, the luckier you get
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VituVingiSana		#38 Posted : Monday, April 07, 2014 1:04:55 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,356 Location: Nairobi		jerry wrote: VituVingiSana wrote: dunkang wrote: VituVingiSana wrote: What did they sell the 34% for? That's the million $ question... Was Tranny under any pressure to sell? NO So, could they have sold at a price not favourable to them? NO Is Citadel Group just raising EGP8B (Approx. USD2.5B) for acquisitions (By 8th April 2014)? YES Do we really have to wait for the exact figures to know that Tranny have just KILLED IT!? NO It still doesn't answer the question. How much? It's 6bn. Wow! 6bn seems high. I thought I read $38mn from Citadel's press release. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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dunkang		#39 Posted : Monday, April 07, 2014 3:44:43 PM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		jawgey wrote: dunkang wrote: georgegop wrote: Now this counter is headed south... Kwani whats the news?? 26/-????? Anyone with News?? The transaction has led to a 500m loss in their books.. Until they do something with the cash its all about a free fall! RINKI IKO WAPI????? Receive with simplicity everything that happens to you.” ― Rashi
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jawgey		#40 Posted : Monday, April 07, 2014 4:29:31 PM
Rank: Member Joined: 1/13/2014 Posts: 398 Location: Denmark		dunkang wrote: jawgey wrote: dunkang wrote: georgegop wrote: Now this counter is headed south... Kwani whats the news?? 26/-????? Anyone with News?? The transaction has led to a 500m loss in their books.. Until they do something with the cash its all about a free fall! RINKI IKO WAPI????? Business Daily ya leo pg.9 Seeing is believing
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