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Transcentury in 1.5b loss 1H 2014
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mlennyma
#1 Posted : Friday, August 22, 2014 8:46:12 AM
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http://mobile.reuters.co...N0QR48M20140821?irpc=932
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Kastone
#2 Posted : Friday, August 22, 2014 9:39:15 AM
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Joined: 3/1/2014
Posts: 82
Aha, explains the drop in prices of late. What's the future of this stock, considering the new mining levies?
“The beauty of success is that it doesn’t matter how many times you have failed, you only have to be right once and then everyone can tell you how lucky you are.” - Mark Cuban
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ngapat
#3 Posted : Friday, August 22, 2014 11:48:55 AM
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Joined: 12/11/2006
Posts: 930
http://www.transcentury....alf%20Year%20Results.pdf
“Invest in yourself. Your career is the engine of your wealth.”
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VituVingiSana
#4 Posted : Friday, August 22, 2014 9:25:52 PM
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Joined: 1/3/2007
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If TCL cannot get the price of the shares above 50/- by March 2016, it will have to raise a new bond to pay off the bondholders OR give the bondholders more favorable terms of conversion. Either way, I am staying out until mid 2015 (after 1H 2015 results are released) then re-assess the firm.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#5 Posted : Sunday, August 24, 2014 7:10:51 AM
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Joined: 9/23/2009
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Location: Enk are Nyirobi
VituVingiSana wrote:
If TCL cannot get the price of the shares above 50/- by March 2016, it will have to raise a new bond to pay off the bondholders OR give the bondholders more favorable terms of conversion. Either way, I am staying out until mid 2015 (after 1H 2015 results are released) then re-assess the firm.


Expect some PPT
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sparkly
#6 Posted : Sunday, August 24, 2014 7:16:28 AM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Kastone wrote:
Aha, explains the drop in prices of late. What's the future of this stock, considering the new mining levies?

Management attributes losses to the RVR write down and delay of projects. Profits from the delayed projects will be booked on H2.
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whiteowl
#7 Posted : Monday, August 25, 2014 11:36:52 AM
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Joined: 4/16/2014
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Location: Bohemian Grove
Looks like it's headed to 15
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hisah
#8 Posted : Monday, August 25, 2014 12:37:23 PM
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Joined: 8/4/2010
Posts: 8,977
VituVingiSana wrote:
If TCL cannot get the price of the shares above 50/- by March 2016, it will have to raise a new bond to pay off the bondholders OR give the bondholders more favorable terms of conversion. Either way, I am staying out until mid 2015 (after 1H 2015 results are released) then re-assess the firm.

This had escaped from my sight. So it's possible TCL might end up in a bond holdout scenario? That will really suck and crater the share price!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Fyatu
#9 Posted : Monday, August 25, 2014 1:58:13 PM
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Joined: 1/20/2011
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Location: Nakuru
21 has printed Drool this laggard will make me rich after 10 years of holding
Dumb money becomes dumb only when it listens to smart money
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mwanafunzi
#10 Posted : Monday, August 25, 2014 2:06:24 PM
Rank: Member

Joined: 12/3/2008
Posts: 113
sparkly wrote:
Kastone wrote:
Aha, explains the drop in prices of late. What's the future of this stock, considering the new mining levies?

Management attributes losses to the RVR write down and delay of projects. Profits from the delayed projects will be booked on H2.


Ati delayed projects. How do you book cost in H1 and profits in H2. where is IFRS?
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