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Tale of Transcentury CEO exit, Sh8b Debt
mlennyma
#61 Posted : Monday, February 08, 2016 3:46:39 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
kayhara wrote:

the first 10 shareholders highly determine the direction a troubled company may take,here I see individuals signalling very little hope given that there could be a blame game on where this money was used
"Don't let the fear of losing be greater than the excitement of winning."
Obi 1 Kanobi
#62 Posted : Monday, February 08, 2016 5:19:18 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
Assuming correct accounting treatment, the shareholders fund should not be used as an indicator of ability to repay the bond. That's because the bond liability should have been amortised from year 5 to maturity.

Default should therefore be pegged on the companies cash flow position.

But as I said above, assuming they followed correct accounting treatment, did they?
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
Risasi Sufuri
#63 Posted : Monday, February 08, 2016 5:37:37 PM
Rank: Member

Joined: 12/8/2015
Posts: 166
I was saved from the jaws of this loss lion. I remember passing one of the stock brokers and saw a notice...Over the counter @50, I almost bought- given the who is who in the shareholders list!! My maker must have saved me this agony.
Othelo
#64 Posted : Monday, February 08, 2016 6:00:57 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Risasi Sufuri wrote:
I was saved from the jaws of this loss lion. I remember passing one of the stock brokers and saw a notice...Over the counter @50, I almost bought- given the who is who in the shareholders list!! My maker must have saved me this agony.

You have killed me Laughing out loudly Laughing out loudly Laughing out loudly
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
kenyariri
#65 Posted : Monday, February 08, 2016 7:57:27 PM
Rank: New-farer

Joined: 11/23/2011
Posts: 15
The tale sounds like another ponzi scheme!
Sophisticated investors ignore the noise and concentrate on the intrinsic value of an asset
ngapat
#66 Posted : Tuesday, February 09, 2016 1:21:00 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930

Sell TransCentury, buy Fahari I-Reit for long
“Invest in yourself. Your career is the engine of your wealth.”
Aguytrying
#67 Posted : Tuesday, February 09, 2016 3:22:21 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040


The media is deadly, jump from one sinking ship and jump to the next one, which is about to start sinking. My target for fahari I reit is between 10- 5 bob. asnyone wanting you to buy at 20.00 doesnt have your best interests at heart
The investor's chief problem - and even his worst enemy - is likely to be himself
streetwise
#68 Posted : Tuesday, February 09, 2016 4:10:20 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
At worst keep the money in the bank
VituVingiSana
#69 Posted : Tuesday, February 09, 2016 4:24:47 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Aguytrying wrote:


The media is deadly, jump from one sinking ship and jump to the next one, which is about to start sinking. My target for fahari I reit is between 10- 5 bob. asnyone wanting you to buy at 20.00 doesnt have your best interests at heart
Applause Applause Applause
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
enyands
#70 Posted : Tuesday, February 09, 2016 4:32:04 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya



Mainstream media doing what they do best. Rope in poor wanjiku. As Redd Foxx always said " don't do it don't do it".wait for it at 10 bob after they have a clear path and history. For now is a black hole that Steve Hawkins keeps talking about.
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