hisah wrote:Negative sentiment to blame for TransCentury stock price fallQuote:How else do you explain the fact that despite repeated assurances by the company’s chairman, Mr Zeph Mbugua, that TransCentury will pay bond holders on the due date, all have fallen on deaf years.
What a funny piece of article
TCL PR machine should be auctioned. Their stage management is hopeless. Until they put it in writing, which by the way CMA has ordered them to do so, they should stop the media PR.
Meanwhile the stock continues to print all time lows.
The logic of the article also defeated me. Is the ship sinking because of failing to plug the 8bn hole in its side or because the passengers 'lack confidence' that it will float?
Even worse, the previous captain (Gachao Kiuna) was last seen swimming away for dear life. How can shareholders (with less information at their disposal) be expected to be more confident than management?
I hope Tran can pay its debts on time, but as someone once said: hope is not an investment strategy.
Even the birds can testify...but you forget the chief has his son as the judge and his son-in-law as interpreter- Oumar Ba