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TransCentury FY 2013 EPS down 36.1%!!!
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Angelica _ann
#21 Posted : Wednesday, April 16, 2014 11:11:12 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Aguytrying wrote:
dunkang wrote:
@Mweke, ain't that ILLEGAL! How can they put a 2014 transaction into the 2013 Financial Report.

That means they have been lying to shareholders about their true value! TRANSCENTURY, just like HOMEAFRIKA, is criminal enterprises!


private clubs

@obiero will love this!

untouchable, toothless CMA!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Fyatu
#22 Posted : Wednesday, April 16, 2014 11:48:39 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
blood all over the streets as tranny touches 24
Dumb money becomes dumb only when it listens to smart money
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dunkang
#23 Posted : Wednesday, April 16, 2014 11:51:21 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Fyatu wrote:
blood all over the streets as tranny touches 24

My price is 15/- bob and below for this liars!
Receive with simplicity everything that happens to you.” ― Rashi

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Angelica _ann
#24 Posted : Wednesday, April 16, 2014 11:54:27 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
dunkang wrote:
Fyatu wrote:
blood all over the streets as tranny touches 24

My price is 15/- bob and below for this liars!

But at least they have solid businesses in some of their divisions!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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mlennyma
#25 Posted : Wednesday, April 16, 2014 12:04:39 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
E.a portland is doing so bad and gaining in this irrational market
"Don't let the fear of losing be greater than the excitement of winning."
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snipermnoma
#26 Posted : Wednesday, April 16, 2014 12:13:14 PM
Rank: Member

Joined: 1/3/2014
Posts: 257
Angelica _ann wrote:
Aguytrying wrote:
dunkang wrote:
@Mweke, ain't that ILLEGAL! How can they put a 2014 transaction into the 2013 Financial Report.

That means they have been lying to shareholders about their true value! TRANSCENTURY, just like HOMEAFRIKA, is criminal enterprises!


private clubs

@obiero will love this!

untouchable, toothless CMA!


This RVR transaction is terrible news but my understanding of the way the information has been presented is that there is no illegality, let me explain my reading of this.

The profit warning statement says the projected profit for year ending 31 Dec 2014 will be lower, that means this RVR transaction will be captured in the 2014 financials. For 2013 results the only thing they have done is to state about the RVR transaction that happened after the 2013 financial year. They are saying the RVR transaction happened in 2014 after the 2013 year had ended, it does not mean the RVR transaction is in the 2013 accounts.

Presumably, Transcentury want when someone reads the 2013 financial results they should be aware that in 2014 there will be a significant dip in profitability due to the loss incurred by this RVR transaction. If this presumption is right then they are actually doing a good thing by disclosing this info within the 2013 financial statements.

Now having said that I see no illegality in how this has been handled and presented, it does not mean I am happy with this RVR transaction. In our stock market dealings, we all make and lose money but to see Transcentury lose so much of their investors money (at least 25% dip in profits means at least 125m will be lost) is painful.

My two cents...
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Fyatu
#27 Posted : Wednesday, April 16, 2014 12:19:55 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
dunkang wrote:
Fyatu wrote:
blood all over the streets as tranny touches 24

My price is 15/- bob and below for this liars!


very enticing this one Drool

the earlier memo that these kauzis sent indicated they have a strong pipeline of projects going forward.....its time to board this mbus before the gas refineries at Mtwara, national oil refinary at industrial area or even lake turkana wind project,afri-gold ba congo, tullow-total oil logistics etc pay off. average money tranny is making from all these projos and others not mentioned is 2.8b

Not to mention cables turnaround after all the national grids in EAC/CoW are done and dusted..
Dumb money becomes dumb only when it listens to smart money
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madebe
#28 Posted : Wednesday, April 16, 2014 12:47:13 PM
Rank: Member

Joined: 10/7/2010
Posts: 251
Location: nairobi
Either my maths is fuzzy or.....Transcentury drop in profit is below 25% required for a profit warning to be issued. profit drop 15%.

EPS drop could be coz of more shares circulating in the reporting period. I also believe that cash is king. Always. RVR will only make profit 5 yrs from now.
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dunkang
#29 Posted : Wednesday, April 16, 2014 12:47:36 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
snipermnoma wrote:
Angelica _ann wrote:
Aguytrying wrote:
dunkang wrote:
@Mweke, ain't that ILLEGAL! How can they put a 2014 transaction into the 2013 Financial Report.

That means they have been lying to shareholders about their true value! TRANSCENTURY, just like HOMEAFRIKA, is criminal enterprises!


private clubs

@obiero will love this!

untouchable, toothless CMA!


This RVR transaction is terrible news but my understanding of the way the information has been presented is that there is no illegality, let me explain my reading of this.

The profit warning statement says the projected profit for year ending 31 Dec 2014 will be lower, that means this RVR transaction will be captured in the 2014 financials. For 2013 results the only thing they have done is to state about the RVR transaction that happened after the 2013 financial year. They are saying the RVR transaction happened in 2014 after the 2013 year had ended, it does not mean the RVR transaction is in the 2013 accounts.

Presumably, Transcentury want when someone reads the 2013 financial results they should be aware that in 2014 there will be a significant dip in profitability due to the loss incurred by this RVR transaction. If this presumption is right then they are actually doing a good thing by disclosing this info within the 2013 financial statements.

Now having said that I see no illegality in how this has been handled and presented, it does not mean I am happy with this RVR transaction. In our stock market dealings, we all make and lose money but to see Transcentury lose so much of their investors money (at least 25% dip in profits means at least 125m will be lost) is painful.

My two cents...

Thanks bro, i had not noticed the phrase "POST BALANCE SHEET EVENT"!

None the less, this buggers have been lying to us about the TRUE value of their RVR stake! That should not go unpunished by the market (i.e. sellers and buyers) since CMA is another story all together.

How sure are we that they are not lying to us on the value of their other unlisted stakes, e.g. Kewberg, Congo Cables, etc!
Receive with simplicity everything that happens to you.” ― Rashi

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Goldilocks Reloaded
#30 Posted : Wednesday, April 16, 2014 12:52:41 PM
Rank: Member

Joined: 1/14/2014
Posts: 178
Silenced
Go for a business that any idiot can run – because sooner or later, any idiot is probably going to run it – Peter Lynch
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