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Tale of Transcentury CEO exit, Sh8b Debt
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Tale of Transcentury CEO exit, Sh8b Debt
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VituVingiSana
#41
Posted :
Saturday, January 30, 2016 6:19:45 PM
Rank: Chief
Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
Spikes wrote:
Kusadikika wrote:
I think the last nail in this coffin has just been hammered in. Maybe this is where they had planned to get their 8 billion. Wooiiie.
http://www.nation.co.ke/news/Sh...10/-/p8s7xr/-/index.html
This is like material announcement. On Monday NSE let daily limits free for speculators to crouch in to form a strong plunge protection team-PPT. There will be great munching of the carcass by the vultures/speculators and gnawing of teeth by doves/investors. Expect mammoth feast.
Feast? Mifupa tu.
Greedy when others are fearful. Very fearful when others are greedy
-
to paraphrase Warren Buffett
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mlennyma
#42
Posted :
Saturday, January 30, 2016 6:53:54 PM
Rank: Elder
Joined: 7/21/2010
Posts: 6,183
Location: nairobi
VituVingiSana wrote:
Spikes wrote:
Kusadikika wrote:
I think the last nail in this coffin has just been hammered in. Maybe this is where they had planned to get their 8 billion. Wooiiie.
http://www.nation.co.ke/news/Sh...10/-/p8s7xr/-/index.html
This is like material announcement. On Monday NSE let daily limits free for speculators to crouch in to form a strong plunge protection team-PPT. There will be great munching of the carcass by the vultures/speculators and gnawing of teeth by doves/investors. Expect mammoth feast.
Feast? Mifupa tu.
the injury deepens wasting elusive resources in courts
"Don't let the fear of losing be greater than the excitement of winning."
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Fyatu
#43
Posted :
Wednesday, February 03, 2016 11:50:45 AM
Rank: Veteran
Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
I have exited after being burnt beyond recognition.....-76% gain
Dumb money becomes dumb only when it listens to smart money
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lochaz-index
#44
Posted :
Wednesday, February 03, 2016 11:59:33 AM
Rank: Veteran
Joined: 9/18/2014
Posts: 1,127
Fyatu wrote:
I have exited after being burnt beyond recognition.....-76% gain
Good for you. Better late than never. This thing still has a lot more downside awaiting and I like your optimism '-76% gain'.
The main purpose of the stock market is to make fools of as many people as possible.
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Othelo
#45
Posted :
Wednesday, February 03, 2016 12:11:39 PM
Rank: User
Joined: 1/20/2014
Posts: 3,528
lochaz-index wrote:
Fyatu wrote:
I have exited after being burnt beyond recognition.....-76% gain
Good for you. Better late than never. This thing still has a lot more downside awaiting and I like your optimism '-76% gain'.
Pole ndugu though it is 'burnt to recognition' as per our Kenya Police ....... you are still alive though
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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mulla
#46
Posted :
Wednesday, February 03, 2016 2:38:50 PM
Rank: Member
Joined: 6/15/2013
Posts: 301
Othelo wrote:
lochaz-index wrote:
Fyatu wrote:
I have exited after being burnt beyond recognition.....-76% gain
Good for you. Better late than never. This thing still has a lot more downside awaiting and I like your optimism '-76% gain'.
Pole ndugu though it is 'burnt to recognition' as per our Kenya Police ....... you are still alive though
@fyatu.....pole bro.my date with the hangman is awaiting too I am just appealing the case....bloody KQ....Am looking at a heavy loss. I believe if one is a shrude investor making a loss is unavoidable. Risk takers have to fall you can't win all the time.
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Wednesday, February 03, 2016 3:07 PM |
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sparkly
#47
Posted :
Wednesday, February 03, 2016 2:50:17 PM
Rank: Elder
Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mulla wrote:
Othelo wrote:
lochaz-index wrote:
Fyatu wrote:
I have exited after being burnt beyond recognition.....-76% gain
Good for you. Better late than never. This thing still has a lot more downside awaiting and I like your optimism '-76% gain'.
Pole ndugu though it is 'burnt to recognition' as per our Kenya Police ....... you are still alive though
@fyatu.....pole bro.
my date with the hangman is awaiting too
I am just appealing the case....bloody KQ....Am looking at a heavy loss. I believe if one is a shrude investor making a loss is unavoidable. Risk takers have to fall you can't win all the time.
Life is short. Live passionately.
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mlennyma
#48
Posted :
Wednesday, February 03, 2016 2:51:23 PM
Rank: Elder
Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Fyatu wrote:
I have exited after being burnt beyond recognition.....-76% gain
big fish feeding on small fish theory
"Don't let the fear of losing be greater than the excitement of winning."
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Wednesday, February 03, 2016 2:52 PM |
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Ericsson
#49
Posted :
Wednesday, February 03, 2016 2:57:32 PM
Rank: Elder
Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Join the winning team of bonga points,simba and Niko Fit
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kryptonite
#50
Posted :
Wednesday, February 03, 2016 4:13:19 PM
Rank: Member
Joined: 2/1/2010
Posts: 272
Location: Nairobi
Fyatu wrote:
I have exited after being burnt beyond recognition.....-76% gain
Pole ndugu. You have been an ardent cheerleader for this stock.
Lessons learnt, now onwards to better gains in sound companies.
The harder you work, the luckier you get
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Aguytrying
#51
Posted :
Wednesday, February 03, 2016 6:58:36 PM
Rank: Elder
Joined: 7/11/2010
Posts: 5,040
kryptonite wrote:
Fyatu wrote:
I have exited after being burnt beyond recognition.....-76% gain
Pole ndugu. You have been an ardent cheerleader for this stock.
Lessons learnt, now onwards to better gains in sound companies.
Pole bro. Management, management, management. You'll rarely go wrong
The investor's chief problem - and even his worst enemy - is likely to be himself
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innovator
#52
Posted :
Wednesday, February 03, 2016 7:24:03 PM
Rank: Member
Joined: 7/24/2010
Posts: 236
Location: nairobi
Othelo wrote:
lochaz-index wrote:
Fyatu wrote:
I have exited after being burnt beyond recognition.....
-76% gain
Good for you. Better late than never. This thing still has a lot more downside awaiting and I like your optimism '-76% gain'.
Pole ndugu though it is 'burnt to recognition' as per our Kenya Police ....... you are still alive though
That
-76% gain
and
burning beyond
recognition
made me laugh, Anyway, don't worry brother am still burning may be to
ashes.
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Wednesday, February 03, 2016 7:28 PM |
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PKoli
#53
Posted :
Wednesday, February 03, 2016 7:56:17 PM
Rank: Elder
Joined: 2/10/2007
Posts: 1,587
Sorry pals, I am surprised we have a high number of TCL lovers. I thought it was more of a closed club thing.
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hisah
#54
Posted :
Thursday, February 04, 2016 3:43:43 PM
Rank: Chief
Joined: 8/4/2010
Posts: 8,977
Fyatu wrote:
I have exited after being burnt beyond recognition.....-76% gain
Congrats! Live for another day. Now watch from the sidelines as the bond pay day arrives end of March. Chaos! Ulcers central.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#55
Posted :
Friday, February 05, 2016 11:52:36 PM
Rank: Elder
Joined: 2/26/2012
Posts: 15,980
I see Jimnah is no longer on the top shareholder's list
Kenyanwallstreet dot com wrote:
Summary of the Top 10 Shareholders
STANDARD CHARTERED NOMINEES AC KE 15615 – 11.5%
ANNE PEARL KARIMI GACHUI – 7.58%
MICHAEL GITAU WAWERU – 7.57%
PETER TIRAS KANYAGO – 5.59%
EPHRAIM KARIITHI NJOGU – 4.47%
GITAU ZEPHANIA MBUGUA – 4.28%
GATH PROPERTIES LIMITED – 3.90%
STANDARD CHARTERED NOMINEE AC KE 12424 – 3.90
ROBIN MUNYUA KIMOTHO – 3.87%
STEPHEN NJOROGE WARUHIU – 3.52%
The only notable top institutional holder is Duet Asset Management with 10.44M shares
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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BGL
#56
Posted :
Sunday, February 07, 2016 5:27:49 PM
Rank: Veteran
Joined: 10/11/2009
Posts: 1,223
With >80% loss I am waiting for a default on March 25th or whatever will happen but I ain't jumping ship for now.
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Sunday, February 07, 2016 5:33 PM |
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muandiwambeu
#57
Posted :
Sunday, February 07, 2016 9:17:18 PM
Rank: Veteran
Joined: 8/28/2015
Posts: 1,247
mlennyma wrote:
Fyatu wrote:
I have exited after being burnt beyond recognition.....-76% gain
big fish feeding on small fish theory
Whatever. I exited longhorn -30%gain but what you do when you exit matters. Enyewe hii soko imekuwa baya, afadhali Kudo omena.
,Behold, a sower went forth to sow;....
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hisah
#58
Posted :
Monday, February 08, 2016 1:58:24 PM
Rank: Chief
Joined: 8/4/2010
Posts: 8,977
Printing new all time lows
Waiting for this thing to implode as default triggers!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#59
Posted :
Monday, February 08, 2016 2:08:49 PM
Rank: Chief
Joined: 8/4/2010
Posts: 8,977
Too late for this. Such a shame CMA
CMA asks Transcentury to disclose debt settlement plan
Quote:
The Capital Markets Authority has asked TransCentury to tell the public how it intends to settle the Sh8 billion debt that falls due in two months.
In October last year, the company announced it would fundraise to refinance the loan or restructure the debt before it became payable.
However, a decision by TransCentury bondholders to refuse a stake in the company threw a spanner into the works as maturity of the Sh8 billion bond draws close.
This reminds me of Bear Stearns!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Monday, February 08, 2016 2:11 PM |
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kayhara
#60
Posted :
Monday, February 08, 2016 2:57:46 PM
Rank: Veteran
Joined: 5/5/2011
Posts: 1,059
To Each His Own
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