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Tale of Transcentury CEO exit, Sh8b Debt
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sparkly
#81 Posted : Wednesday, February 10, 2016 8:32:08 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
snipermnoma wrote:
Here is another hopeful article: http://www.businessdaily...0/-/8c78yz/-/index.html

Message here is: The future is bright so do not worry of the current gloom!


This company is really desperate.

Do they have an exclusive agreement to import and use this machine?

If not, any other tenderprenuer can import it and repair potholes.
Life is short. Live passionately.
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sparkly
#82 Posted : Wednesday, February 10, 2016 8:34:57 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
hisah wrote:
Negative sentiment to blame for TransCentury stock price fall

Quote:
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 Laughing out loudly

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.

What a load of BS in that article. If TCL can pay it off then say so... Me thinks Jaindi was given a brown envelope.


Jaindi can hoodwink cane farmers but not Wazuans Laughing out loudly
Life is short. Live passionately.
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h2s
#83 Posted : Wednesday, February 10, 2016 9:42:13 PM
Rank: Member

Joined: 7/20/2012
Posts: 141
sparkly wrote:
VituVingiSana wrote:
hisah wrote:
Negative sentiment to blame for TransCentury stock price fall

Quote:
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 Laughing out loudly

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.

What a load of BS in that article. If TCL can pay it off then say so... Me thinks Jaindi was given a brown envelope.


Jaindi can hoodwink cane farmers but not Wazuans Laughing out loudly


Indeed, where on earth can they raise 8B within a month? Did anyone note the pothole technology? Is it part of the drumming up?
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Mseto binti
#84 Posted : Thursday, February 11, 2016 5:59:59 PM
Rank: Member

Joined: 3/9/2012
Posts: 144

The future can only be very " BLIGHT"..for TLC lovers...see the red uniform on those guys..'valentine comes early"....

Will all the roads in Kenya with potholes it seems like TLC has seen the future ahead on how to raise the 8B for payments come March..so no ulcers!!!!!Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you
I found meaningful work🤓
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Mseto binti
#85 Posted : Thursday, February 11, 2016 6:04:35 PM
Rank: Member

Joined: 3/9/2012
Posts: 144
The future can only be very " BLIGHT"..for TLC lovers...see the red uniform on those guys..'valentine comes early"....

Will all the roads in Kenya with potholes it seems like TLC has seen the future ahead on how to raise the 8B for payments come March..so no ulcers!!!!!Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you
I found meaningful work🤓
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Bachuma Gate
#86 Posted : Thursday, February 11, 2016 8:17:14 PM
Rank: Member

Joined: 3/26/2012
Posts: 280
Another gooof. Equipment worth 50m. When do you get ur ROI. In Africa it is not how fast a pothole is done. Govt/Contractors dont mind having ten guys sealing a 1metre pothole a whole day.

Hope you have seen how the kanjo guys work by the roadside. 1 hr work 3 hours storros 2pm funga kazi.

Nobody has ever complained.
DOH
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sparkly
#87 Posted : Friday, February 12, 2016 8:04:41 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
This is how TransCentury got roasted...
1. Energy - Lots of money to be made in generation, distribution sectors e.g. Geothermal PPP, coal plant, LNG plant, KP network expansion but sorry Kibaki is no longer in power.
2. Infrastructure - They bet huge on constructing structures and civil works for Tullow, Africa Oil etc but then oil prices collapsed and the explorers of the liquid black gold cut back on exploration budgets.

TCL is a good example of Kenyan entrepreneurs who dared to dream big. To survive the current crisis, they need to change strategy urgently.

They need a management with an eye for deals and competence to pull them through.

They need their own Mworia or Dande.
Life is short. Live passionately.
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Mseto binti
#88 Posted : Friday, February 12, 2016 10:40:40 AM
Rank: Member

Joined: 3/9/2012
Posts: 144
@ Sparky...ati Mworia????Pray Pray Pray Pray Pray ...This guys dealings at Centum were discussed in very much detail elsewhere...so lets rest the case here.Not talking Not talking Not talking

My question being

What makes a company great? Is is a superman CEO, or Board with Batman antics or is just the average workers who drive the ship to greatness?Think Think Think
I found meaningful work🤓
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whiteowl
#89 Posted : Friday, February 12, 2016 11:50:11 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
sparkly wrote:
VituVingiSana wrote:
hisah wrote:
Negative sentiment to blame for TransCentury stock price fall

Quote:
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 Laughing out loudly

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.

What a load of BS in that article. If TCL can pay it off then say so... Me thinks Jaindi was given a brown envelope.


Jaindi can hoodwink cane farmers but not Wazuans Laughing out loudly


So this bond debacle is a conspiracy by foreigners to take over a local company? Laughing out loudly
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sparkly
#90 Posted : Friday, February 12, 2016 11:55:34 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Mseto binti wrote:
@ Sparky...ati Mworia????Pray Pray Pray Pray Pray ...This guys dealings at Centum were discussed in very much detail elsewhere...so lets rest the case here.Not talking Not talking Not talking

My question being

What makes a company great? Is is a superman CEO, or Board with Batman antics or is just the average workers who drive the ship to greatness?Think Think Think


@binti the CEO, Board and average workers may all do their work well but if the economic realities are against them, its all futile. The company has to change strategy or perish.

For Example the dry cell battery is long dead, not even the most dedicated CEO, Board or staff can make Eveready thrive in that market.
Kodak continued making film rolls in the era of digital cameras. Where are they now?
S40 and S60 were revolutionary systems for Nokia, or so everybody throught until IOS and Android came about.
Even the Oracle bought loads of Hathaway Berkshire believing in the cotton industry before realizing the folly and switching to insurance.

For Trancentury, political patronage and the Oil & Gas play are out for now. There are debts to be paid, employees to be paid, shareholders' wealth to grow but no cash coming in.

Should they diversify from strictly energy and infrastructure to say Finance, Real Estate, FMCCG? Should they diversify into other geographical markets e.g. South Sudan, Uganda, Tanzania, Zambia? I think these are questions the Board should look at.
Life is short. Live passionately.
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