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East African Cables
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Wondergirl
#1 Posted : Thursday, February 18, 2010 12:53:32 PM
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Joined: 9/12/2009
Posts: 312
Whats up with this share? Its price is just going down. I was actualy hoping that the price starts going up in anticipation for year end results?Sad
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2012
#2 Posted : Thursday, February 18, 2010 1:05:53 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Wondergirl wrote:
Whats up with this share? Its price is just going down. I was actualy hoping that the price starts going up in anticipation for year end results?Sad


I was wondering the same. I guess investor have become more cautious. I had expected BBK to be at around 58/- before today's announcement. But look at it. I'm waiting to see what happens tomorrow as I'm sure most will hold.

BBI will solve it :)
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guru267
#3 Posted : Thursday, February 18, 2010 1:18:55 PM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Wondergirl wrote:
Whats up with this share? Its price is just going down. I was actualy hoping that the price starts going up in anticipation for year end results?Sad


i'm thinking theres nothing up with the share but more like there is something up with the market..
its just all this political ruckus and the constitution biz thats making investors a little weary...
shares like cables, mumias and a few others usually take the most heat.. but i doubt its permanent
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#4 Posted : Thursday, February 18, 2010 2:45:34 PM
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Joined: 1/3/2007
Posts: 18,103
Location: Nairobi
@wondergirl - Are you a shareholder of EA Cables?
If you think it is cheap at the current price... buy more (if u have the cash)...

Otherwise, why expect someone to pay more for the shares when you are not confident of EA Cables' performance?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#5 Posted : Thursday, February 18, 2010 4:14:46 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Wondergirl wrote:
Whats up with this share? Its price is just going down. I was actualy hoping that the price starts going up in anticipation for year end results?Sad

Undervalued because of unique operational challenges in 2009- high commodity prices and manufacturing plant upgrades. Expect modest results for 2009. Company has a long history of profitability and dividend payment. Buy more if you can. Future is bright.
Life is short. Live passionately.
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Wondergirl
#6 Posted : Friday, February 19, 2010 6:11:53 AM
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Joined: 9/12/2009
Posts: 312
@Very Things Many Things, I love this share! I'm confident in its kind of business, just that it seemd abit odd for it to be going down.
@ Sparkly, nitaonngeza. thank you.
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VituVingiSana
#7 Posted : Friday, February 19, 2010 6:36:41 AM
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Location: Nairobi
@wondergirl - The lower prices of copper & aluminum should benefit EA Cables... as does the pickup of demand from KPLC (expansion) & new housing...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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gathinga
#8 Posted : Friday, February 19, 2010 7:38:56 AM
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Joined: 11/30/2006
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@Vitu. E A Cables lost the contract for KPLC in 2009. Trans century it appears no longer have leverage in Govt, if this and the case of RV Railways is indicative
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2012
#9 Posted : Friday, February 19, 2010 9:00:06 AM
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gathinga wrote:
@Vitu. E A Cables lost the contract for KPLC in 2009. Trans century it appears no longer have leverage in Govt, if this and the case of RV Railways is indicative


So who's providing the cables to KPLC as I know KPLC policy gives 1st priority to local suppliers?

BBI will solve it :)
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VituVingiSana
#10 Posted : Friday, February 19, 2010 9:07:55 AM
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@gathinga @2012
I think EA Cables may get a 2nd chance from KPLC since KPLC is embarking on new projects (see KPLC Annual Report) in 2010 & 2011.

There is a new firm called KETRACO as well which belongs to GoK. They plan to build huge transmission lines from Ethiopia to Nairobi!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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2012
#11 Posted : Friday, February 19, 2010 9:18:55 AM
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Joined: 12/9/2009
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@vvs
Do you know if they were part of providing fibre optic cables?

BBI will solve it :)
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gathinga
#12 Posted : Friday, February 19, 2010 9:20:17 AM
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@2012.KPLC were getting stuff from some company called metsec, besides direct imports. Most of the cables laid in 2009 were subcontracted and not laid by KPLC themselves. Contractors had no limitation where to buy. Its cheaper to import from South Asia, than from EA cables!!. @Vitu. If KETRACO gives some of their humongous cables orders to EA Cables, then this may help push up EA cables local sales.
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gathinga
#13 Posted : Friday, February 19, 2010 9:27:09 AM
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@2012. EA Cables just recently developed capacity for fibre obtics. most of the terrestrial cable laid by telkom, KDN, Jamii, KPLC was imported.

@Vitu. I this information correct?, ama you have something to add
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guru267
#14 Posted : Friday, February 19, 2010 9:32:09 AM
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Joined: 1/21/2010
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VituVingiSana wrote:

There is a new firm called KETRACO as well which belongs to GoK. They plan to build huge transmission lines from Ethiopia to Nairobi!



@VVS i've haeard of this firm... will it be strictly for setting up transmission lines or was it set to compete with KPLC in distribution???
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#15 Posted : Friday, February 19, 2010 9:43:52 AM
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2012 wrote:
@vvs
Do you know if they were part of providing fibre optic cables?

I don't know but EA Cables owns a firm called Nexans (or at least distributes fibre-optic cables made by Nexans) in Tanzania...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#16 Posted : Friday, February 19, 2010 9:45:53 AM
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guru267 wrote:
VituVingiSana wrote:

There is a new firm called KETRACO as well which belongs to GoK. They plan to build huge transmission lines from Ethiopia to Nairobi!

@VVS i've haeard of this firm... will it be strictly for setting up transmission lines or was it set to compete with KPLC in distribution???

KETRACO was set-up as a TRANSMISSION firm... Then they are supposed to let KPLC distribute...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#17 Posted : Friday, February 19, 2010 10:12:05 AM
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@VVS so in other words you are saying they dont compete with KPLC.???
Did the setting up of this company lead to reduced costs for KPLC in any way??
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#18 Posted : Friday, February 19, 2010 10:15:59 AM
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guru267 wrote:
@VVS so in other words you are saying they dont compete with KPLC.???
Did the setting up of this company lead to reduced costs for KPLC in any way??

KETRACO was set-up last year... I do not think it has built any infrastructure yet...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kesh!
#19 Posted : Friday, February 19, 2010 2:36:01 PM
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Joined: 10/16/2008
Posts: 47
VituVingiSana wrote:
@wondergirl - The lower prices of copper & aluminum should benefit EA Cables... as does the pickup of demand from KPLC (expansion) & new housing...

@VVS... how does lower (as opposed higher) prices for aluminium n copper benefit EA Cables... wouldn't that result in a drop of revenue n possibly even profits (in absolute terms)?
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VituVingiSana
#20 Posted : Friday, February 19, 2010 6:38:49 PM
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Joined: 1/3/2007
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Location: Nairobi
Kesh! wrote:
VituVingiSana wrote:
@wondergirl - The lower prices of copper & aluminum should benefit EA Cables... as does the pickup of demand from KPLC (expansion) & new housing...

@VVS... how does lower (as opposed higher) prices for aluminium n copper benefit EA Cables... wouldn't that result in a drop of revenue n possibly even profits (in absolute terms)?

Depends on their contracts but EA Cables is NOT a 'producer' of copper or aluminum... thus it has to pass on cost of raw materials...

More buyers if the price is lower...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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