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TransCentury Limited in HY15 loss of Ksh. 676Mn
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Sober wrote:whiteowl wrote:muganda wrote:THE GOING GETS TOUGHER!
Surely, this chamaz experiments...
This Njiinu guy must be the undertaker. The other guys don't like handling a dead company so they've hired him. It is traumatizing seeing a company down down with the share price shrinking from 50 bob at the time of listing to a firth of that in 5 years.... Give a thought to the shareholders of KQ who have suffered even greater losses. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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VituVingiSana wrote:Sober wrote:whiteowl wrote:muganda wrote:THE GOING GETS TOUGHER!
Surely, this chamaz experiments...
This Njiinu guy must be the undertaker. The other guys don't like handling a dead company so they've hired him. It is traumatizing seeing a company down down with the share price shrinking from 50 bob at the time of listing to a firth of that in 5 years.... Give a thought to the shareholders of KQ who have suffered even greater losses. I am sure some copycats of KQ are reading and following this thread. One of them is known to have burnt beyond recognition. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Buffett is truly a genius. Check out this list of stocks with great declines, and then realise that the management of the company is untrustworthy, incompetent or suspicious. TransCentury KQ Mumias Home Africa Olympia National bank As in even before investing and things going south, by just avoiding these stocks purely coz of the management issue, you save yourself all these losses. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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Aguytrying wrote:Buffett is truly a genius. Check out this list of stocks with great declines, and then realise that the management of the company is untrustworthy, incompetent or suspicious.
TransCentury
KQ
Mumias
Home Africa
Olympia
National bank
As in even before investing and things going south, by just avoiding these stocks purely coz of the management issue, you save yourself all these losses.
Management at KQ is solid
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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look  obiero wrote:Aguytrying wrote:Buffett is truly a genius. Check out this list of stocks with great declines, and then realise that the management of the company is untrustworthy, incompetent or suspicious.
TransCentury
KQ
Mumias
Home Africa
Olympia
National bank
As in even before investing and things going south, by just avoiding these stocks purely coz of the management issue, you save yourself all these losses.
Management at KQ is solid  @obiero your so good on this thing, but, here you forgot to complete your statement by saying... solidly sordid. And thus way, I could not have agreed any better as with Alekis departure  . I wonder what else is cooking there @kq. Tell that to my business partner who bought my pieces at 110/= and you will be quartered there and then.  ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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muandiwambeu wrote:look obiero wrote:Aguytrying wrote:Buffett is truly a genius. Check out this list of stocks with great declines, and then realise that the management of the company is untrustworthy, incompetent or suspicious.
TransCentury
KQ
Mumias
Home Africa
Olympia
National bank
As in even before investing and things going south, by just avoiding these stocks purely coz of the management issue, you save yourself all these losses.
Management at KQ is solid @obiero your so good on this thing, but, here you forgot to complete your statement by saying... solidly sordid. And thus way, I could not have agreed any better as with Alekis departure . I wonder what else is cooking there @kq. Tell that to my business partner who bought my pieces at 110/= and you will be quartered there and then. Even going without your mascot Buffet, Mumias sugar Ltd has made a stunning turnaround with top notch management instituted . Production is now excess prompting Kenya Sugar Board to cut more than 20% of imports to cover deficit from 10,000 tons to 8000 tons. Though that action of slashing sugar imports is across the industry not forgetting the big idea MSC is the leader the rest/others follow. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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Spikes wrote:muandiwambeu wrote:look obiero wrote:Aguytrying wrote:Buffett is truly a genius. Check out this list of stocks with great declines, and then realise that the management of the company is untrustworthy, incompetent or suspicious.
TransCentury
KQ
Mumias
Home Africa
Olympia
National bank
As in even before investing and things going south, by just avoiding these stocks purely coz of the management issue, you save yourself all these losses.
Management at KQ is solid @obiero your so good on this thing, but, here you forgot to complete your statement by saying... solidly sordid. And thus way, I could not have agreed any better as with Alekis departure . I wonder what else is cooking there @kq. Tell that to my business partner who bought my pieces at 110/= and you will be quartered there and then. Even going without your mascot Buffet, Mumias sugar Ltd has made a stunning turnaround with top notch management instituted . Production is now excess prompting Kenya Sugar Board to cut more than 20% of imports to cover deficit from 10,000 tons to 8000 tons. Though that action of slashing sugar imports is across the industry not forgetting the big idea MSC is the leader the rest/others follow. Are you @Spikes, suggesting we load in MSC shares? The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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jerry wrote:Spikes wrote:muandiwambeu wrote:look obiero wrote:Aguytrying wrote:Buffett is truly a genius. Check out this list of stocks with great declines, and then realise that the management of the company is untrustworthy, incompetent or suspicious.
TransCentury
KQ
Mumias
Home Africa
Olympia
National bank
As in even before investing and things going south, by just avoiding these stocks purely coz of the management issue, you save yourself all these losses.
Management at KQ is solid @obiero your so good on this thing, but, here you forgot to complete your statement by saying... solidly sordid. And thus way, I could not have agreed any better as with Alekis departure . I wonder what else is cooking there @kq. Tell that to my business partner who bought my pieces at 110/= and you will be quartered there and then. Even going without your mascot Buffet, Mumias sugar Ltd has made a stunning turnaround with top notch management instituted . Production is now excess prompting Kenya Sugar Board to cut more than 20% of imports to cover deficit from 10,000 tons to 8000 tons. Though that action of slashing sugar imports is across the industry not forgetting the big idea MSC is the leader the rest/others follow. Are you @Spikes, suggesting we load in MSC shares? Oh! Yes. Load as quickly as possible because less than two months from now this stock will begin experiencing support above par value of 2 bob. You will never see it again sub 2kes and most of Wazuans will regret missing great opportunity. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/22/2008 Posts: 2,703
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Danganya toto jinga!!! Yaani Transcentury people think everybody is this stupid, "msijali, just give us 60 days and we will get you 8.1 billion shillings, hakuna shida!!" http://www.businessdaily...-/14tu0yiz/-/index.html
When this default comes, because as sure as the sun will rise tomorrow it will come, it will send shock waves in this market. If you have money now I would hold on to cash until this one has fallen and been dealt with. And don't expect anything from serikali. Kamwana does not like Kibaki's people and these were all Kibaki's men.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@fyatu, are you still averaging down? Get out of dodge while you still can... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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hisah wrote:@fyatu, are you still averaging down? Get out of dodge while you still can... among the living dead firms,where did they take the borrowed money? delay in projects can kill a company "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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hisah wrote:@fyatu, are you still averaging down? Get out of dodge while you still can... I have decided to do nothing....not buy nor sell. I boarded at kshs. 31 per share. The news that the CEO has bolted nearly sent me to meet my ancestors. I have been in this market since 2006. I have made mistakes, many mistakes. Half the time, the biggest mistake is selling at a loss. Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Fyatu wrote:hisah wrote:@fyatu, are you still averaging down? Get out of dodge while you still can... I have decided to do nothing....not buy nor sell. I boarded at kshs. 31 per share. The news that the CEO has bolted nearly sent me to meet my ancestors. I have been in this market since 2006. I have made mistakes, many mistakes. Half the time, the biggest mistake is selling at a loss. Better to sell. You might just recover some losses by putting the money in a more promising investment. Life is short. Live passionately.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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sparkly wrote:Fyatu wrote:hisah wrote:@fyatu, are you still averaging down? Get out of dodge while you still can... I have decided to do nothing....not buy nor sell. I boarded at kshs. 31 per share. The news that the CEO has bolted nearly sent me to meet my ancestors. I have been in this market since 2006. I have made mistakes, many mistakes. Half the time, the biggest mistake is selling at a loss. Better to sell. You might just recover some losses by putting the money in a more promising investment. It is going to be tough business staying in the market for the entirety of the bear run irrespective of which stock you hold. This share is looking like the ugliest of the ugly ducklings...cut your losses or this will turn out to be the biggest mistake of your investing career. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Fyatu wrote:hisah wrote:@fyatu, are you still averaging down? Get out of dodge while you still can... I have decided to do nothing....not buy nor sell. I boarded at kshs. 31 per share. The news that the CEO has bolted nearly sent me to meet my ancestors. I have been in this market since 2006. I have made mistakes, many mistakes. Half the time, the biggest mistake is selling at a loss.  . may i say that @nse landmines map is a hardy tool to come by now. how i wish i stopped tipp toeing in this drama and jump in with both legs and run.   ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Fyatu wrote:hisah wrote:@fyatu, are you still averaging down? Get out of dodge while you still can... I have decided to do nothing....not buy nor sell. I boarded at kshs. 31 per share. The news that the CEO has bolted nearly sent me to meet my ancestors. I have been in this market since 2006. I have made mistakes, many mistakes. Half the time, the biggest mistake is selling at a loss. TCL defaults on its eurobond reads a headline in March. Can you put up with that shockwave? If so, then all the best.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NSE should have launched the derivatives so that there could be bets placed on the odds of TCL defaulting. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 4/3/2008 Posts: 48
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Gachao Kiuna resigned last Thursday according to the press. Also, one of their Directors, Joe Karago, resigned the same day. What gives? Here's a link to the BD article: http://goo.gl/H8NtTk
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Rank: Member Joined: 4/3/2008 Posts: 48
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[quote=MuchNo]Gachao Kiuna resigned last Thursday according to the press. Also, one of their Directors, Joe Karago, resigned the same day. What gives? Here's a link to the BD article: http://goo.gl/H8NtTk[/quote] Could there be a rescue package in the works that required the good doctor be absent? Anyone have any insight into what's up?
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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hisah wrote:NSE should have launched the derivatives so that there could be bets placed on the odds of TCL defaulting. KQ, HAFR... Others who have or will default on loans. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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TransCentury Limited in HY15 loss of Ksh. 676Mn
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