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TransCentury Limited in HY15 loss of Ksh. 676Mn
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Pesa Nane
#1 Posted : Wednesday, August 26, 2015 9:54:39 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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sparkly
#2 Posted : Wednesday, August 26, 2015 12:26:30 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Pesa Nane wrote:


This is what happens when political patronage comes to an end.
Life is short. Live passionately.
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Fyatu
#3 Posted : Wednesday, August 26, 2015 2:10:21 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Tranny will be back to profit making 2016 moving forward...I wish they shed more light on what they refer to as "strong pipeline of projects"....I wish they also came out publicly about the impending cash call
Dumb money becomes dumb only when it listens to smart money
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hisah
#4 Posted : Wednesday, August 26, 2015 2:10:38 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
The grim reaper still lurks around this counter. That USD bond ($75M) which is redeemable next year (March 2016) is going to pile up forex losses on the bottomline.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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dunkang
#5 Posted : Wednesday, August 26, 2015 2:29:20 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
OUTLOOK

The outlook is positive for our core businesses with a strong pipeline of Engineering projects now underway and a growing order book in our Power Division which will improve the financial performance in the second half of the year through reduction of the order backlog once the copper factory refurbishment is complete.

There are robust growth prospects in both domestic and regional markets including major infrastructure projects both ongoing and planned across the region. The demand for our power products also remains high and is expected to significantly increase with new Government policies and measures on local content in the energy sector.
Receive with simplicity everything that happens to you.” ― Rashi

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VituVingiSana
#6 Posted : Wednesday, August 26, 2015 2:39:49 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
hisah wrote:
The grim reaper still lurks around this counter. That USD bond ($75M) which is redeemable next year (March 2016) is going to pile up forex losses on the bottomline.

Has TCL accrued the interest due? As KES craters vs USD, the loan will balloon. I am waiting and watching TCL crash and burn.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Pesa Nane
#7 Posted : Friday, October 16, 2015 10:21:00 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
VituVingiSana wrote:
hisah wrote:
The grim reaper still lurks around this counter. That USD bond ($75M) which is redeemable next year (March 2016) is going to pile up forex losses on the bottomline.

Has TCL accrued the interest due? As KES craters vs USD, the loan will balloon. I am waiting and watching TCL crash and burn.


Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana
#8 Posted : Friday, October 16, 2015 10:46:23 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Opinion on refinancing of convertible bond

It is likely that holders of TCL’s convertible bond will opt for the repayment of their principal considering that the conversion option is currently out of the money (current conversion price is KES 49.60 compared to TCL’s market price of KES 13.20). Considering the terms of the bond, we had estimated that TCL was to raise at least USD 80.6m (KES 8.3bn) to repay the principal on the USD denominated bond upon its maturity in March 2016 considering that the bond was to redeemed at 133.8% in cash and the outstanding amount stood at USD 60.3m as at 31st December 2015. Our view is that a refinancing of the convertible bond as indicated will limit TCL’s capacity to raise capital for new growth projects for the foreseeable future. On the other hand, we hold a positive view towards the group’s current project pipeline for the infrastructure and engineering segments and plans to raise capital for the same. These projects include a 35MW Menengai power plant where TCL is to have invested USD 5M for 25.0% shareholding, the Lake Turkana Wind Power plant and a 50MW wind power plant in the outskirts of Nairobi where Civicon is a contractor and the recent doubling of E.A. Cables copper manufacturing capacity which should all support the group’s growth. (Source: Company, Kestrel Research)
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#9 Posted : Friday, October 16, 2015 10:47:42 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Pesa Nane wrote:
VituVingiSana wrote:
hisah wrote:
The grim reaper still lurks around this counter. That USD bond ($75M) which is redeemable next year (March 2016) is going to pile up forex losses on the bottomline.

Has TCL accrued the interest due? As KES craters vs USD, the loan will balloon. I am waiting and watching TCL crash and burn.



Existing shareholders are screwed. Not on my list of buys!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#10 Posted : Friday, October 16, 2015 11:29:15 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Shareholders have already been screwed so which caution are they talking about
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Sober
#11 Posted : Friday, October 16, 2015 11:54:20 AM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
Ericsson wrote:
Shareholders have already been screwed so which caution are they talking about


Still pitying guys who got in at 50 bob at the time of listing. They've lost so much I doubt if there is need for caution.

I will consider this counter at single digit price😂

African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Othelo
#12 Posted : Friday, October 16, 2015 12:05:21 PM
Rank: User


Joined: 1/20/2014
Posts: 3,528
Sober wrote:
Ericsson wrote:
Shareholders have already been screwed so which caution are they talking about


Still pitying guys who got in at 50 bob at the time of listing. They've lost so much I doubt if there is need for caution.

I will consider this counter at single digit price😂


This is now beyond caution, debt level is huge!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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VituVingiSana
#13 Posted : Friday, October 16, 2015 12:09:14 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Sober wrote:
Ericsson wrote:
Shareholders have already been screwed so which caution are they talking about


Still pitying guys who got in at 50 bob at the time of listing. They've lost so much I doubt if there is need for caution.

I will consider this counter at single digit price😂

Low single digits...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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MaichBlack
#14 Posted : Friday, October 16, 2015 2:24:21 PM
Rank: Elder


Joined: 7/22/2009
Posts: 7,460
VituVingiSana wrote:
Sober wrote:
Ericsson wrote:
Shareholders have already been screwed so which caution are they talking about


Still pitying guys who got in at 50 bob at the time of listing. They've lost so much I doubt if there is need for caution.

I will consider this counter at single digit price

Low single digits...

Wazuans are Team Mafisi of a different kind!

Laughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudly
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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VituVingiSana
#15 Posted : Friday, October 16, 2015 6:58:37 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
MaichBlack wrote:
VituVingiSana wrote:
Sober wrote:
Ericsson wrote:
Shareholders have already been screwed so which caution are they talking about


Still pitying guys who got in at 50 bob at the time of listing. They've lost so much I doubt if there is need for caution.

I will consider this counter at single digit price

Low single digits...

Wazuans are Team Mafisi of a different kind!

Laughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudly
There's no Team Mafisi at play here. This is that babe you pick up coz 1) you are very drunk 2) Its closing time 3) The expectations are very low aka no other options 4) You are horny & the hand wants a break. Shame on you Shame on you Shame on you
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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enyands
#16 Posted : Friday, October 16, 2015 8:49:33 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
VituVingiSana wrote:
MaichBlack wrote:
VituVingiSana wrote:
Sober wrote:
Ericsson wrote:
Shareholders have already been screwed so which caution are they talking about


Still pitying guys who got in at 50 bob at the time of listing. They've lost so much I doubt if there is need for caution.

I will consider this counter at single digit price

Low single digits...

Wazuans are Team Mafisi of a different kind!

Laughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudlyLaughing out loudly
There's no Team Mafisi at play here. This is that babe you pick up coz 1) you are very drunk 2) Its closing time 3) The expectations are very low aka no other options 4) You are horny & the hand wants a break. Shame on you Shame on you Shame on you


5. Or if hand doesn't want a break then there is no hand lotion .Laughing out loudly Laughing out loudly
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dunkang
#17 Posted : Friday, October 16, 2015 10:11:32 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Na mutawacha matusi!!
Receive with simplicity everything that happens to you.” ― Rashi

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VituVingiSana
#18 Posted : Sunday, October 18, 2015 10:28:37 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
I feel sorry for those TCL shareholders who came in after it listed.

http://www.businessdaily...4/-/exeej0/-/index.html

Massive dilution of their position on the way.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Spikes
#19 Posted : Sunday, October 18, 2015 11:04:15 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Transcentury is stock to avoid at all!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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streetwise
#20 Posted : Monday, October 19, 2015 8:26:08 AM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
This is pure theft
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