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Tale of Transcentury CEO exit, Sh8b Debt
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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mlennyma wrote:Cde Monomotapa wrote:Spikes wrote:Are you attempting to rally this crap? The information is provided so that one avoids setting their own questions and answers and failing an exam. Public relations exercise  Back in the day we'd say 'to avoid wet dreams' and make an informed decision. We are beyond that now, right? 
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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Cde Monomotapa wrote:mlennyma wrote:Cde Monomotapa wrote:Spikes wrote:Are you attempting to rally this crap? The information is provided so that one avoids setting their own questions and answers and failing an exam. Public relations exercise Back in the day we'd say 'to avoid wet dreams' and make an informed decision. We are beyond that now, right? Naah this is just shared info, surely a good investor takes the info then decides waht to do, but please don't buy this thing will be down for a couple of years if not forever. To Each His Own
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Rank: Elder Joined: 7/22/2008 Posts: 2,703
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kayhara wrote:Cde Monomotapa wrote:mlennyma wrote:Cde Monomotapa wrote:Spikes wrote:Are you attempting to rally this crap? The information is provided so that one avoids setting their own questions and answers and failing an exam. Public relations exercise Back in the day we'd say 'to avoid wet dreams' and make an informed decision. We are beyond that now, right? Naah this is just shared info, surely a good investor takes the info then decides waht to do, but please don't buy this thing will be down for a couple of years if not forever. Danganya toto jinga. The only solution is to create 8 billion shares of one shilling each and give them to the bond holders in which case all current shareholders end up with nothing.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Kusadikika wrote:kayhara wrote:Cde Monomotapa wrote:mlennyma wrote:Cde Monomotapa wrote:Spikes wrote:Are you attempting to rally this crap? The information is provided so that one avoids setting their own questions and answers and failing an exam. Public relations exercise Back in the day we'd say 'to avoid wet dreams' and make an informed decision. We are beyond that now, right? Naah this is just shared info, surely a good investor takes the info then decides waht to do, but please don't buy this thing will be down for a couple of years if not forever. Danganya toto jinga. The only solution is to create 8 billion shares of one shilling each and give them to the bond holders in which case all current shareholders end up with nothing. bond holders want only one thing money and money thats what they gave out. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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I smell a bailout in the works. Using Jaidi's propaganda and the whole crap that it is a pioneer home grown company, they will send a team to GOK and secure a soft loan or a guarantee for that matter. #ThiIsKenya Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Gatheuzi wrote:I smell a bailout in the works. Using Jaidi's propaganda and the whole crap that it is a pioneer home grown company, they will send a team to GOK and secure a soft loan or a guarantee for that matter. #ThiIsKenya Really? Uhuru Gov to bail out a Kibaki men private firm? Life is short. Live passionately.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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sparkly wrote:Gatheuzi wrote:I smell a bailout in the works. Using Jaidi's propaganda and the whole crap that it is a pioneer home grown company, they will send a team to GOK and secure a soft loan or a guarantee for that matter. #ThiIsKenya Really? Uhuru Gov to bail out a Kibaki men private firm? Bailing out a private crap is tantamount to modern day corruption. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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Spikes wrote:sparkly wrote:Gatheuzi wrote:I smell a bailout in the works. Using Jaidi's propaganda and the whole crap that it is a pioneer home grown company, they will send a team to GOK and secure a soft loan or a guarantee for that matter. #ThiIsKenya Really? Uhuru Gov to bail out a Kibaki men private firm? Bailing out a private crap is tantamount to modern day corruption. As is bailing out quasi-GoK firms e.g. KQ, Uchumi and Mumias. When one looks at the ROI on these firms... it doesn't even break-even at T-Bill rates let alone what's paid on long-term bonds. Basically, the taxpayer is subsidizing these firms! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Spikes wrote:sparkly wrote:Gatheuzi wrote:I smell a bailout in the works. Using Jaidi's propaganda and the whole crap that it is a pioneer home grown company, they will send a team to GOK and secure a soft loan or a guarantee for that matter. #ThiIsKenya Really? Uhuru Gov to bail out a Kibaki men private firm? Bailing out a private crap is tantamount to modern day corruption. The best bailout GoK can offer you are the construction deals so that you can straighten your cashflows as you deliver the project. But sasa kama Civicon(the construction subsidiary they bought)cannot help because majority of the projects were in the oil based region in Kenya(read Turkana) how else do you expect the gava to saidia. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Trancentury at risk of default: says regulatorTime is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Spokeswoman Phyllis Gachau. Member of the family of Gachau Kiuna related to Allan Kiuna. The company was just a family company; corporate governance zero Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Deadline approaches.. T - 17 days. March 25th lights out! Globally a euro event looms. If that strikes plus TCL default those shocks will rock NSE! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Spikes wrote:sparkly wrote:Gatheuzi wrote:I smell a bailout in the works. Using Jaidi's propaganda and the whole crap that it is a pioneer home grown company, they will send a team to GOK and secure a soft loan or a guarantee for that matter. #ThiIsKenya Really? Uhuru Gov to bail out a Kibaki men private firm? Bailing out a private crap is tantamount to modern day corruption. In the US of A, it's too big to fail. In our motherland Kenya, it has to be too politically connected to fail. In both cases, the man on the street is saddled with the tab
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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if the valuation of this company when sold now is way below the debt,which is better for this shareholders who have refused to be diluted and this bond holders who have refused the conversion to equity? ??watu watapoteza hapa,i dont see any hope when i look at the directors composition "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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hisah wrote:Deadline approaches.. T - 17 days.
March 25th lights out! Globally a euro event looms. If that strikes plus TCL default those shocks will rock NSE! TCL's default will not affect the NSE as much as you think it will. 1. We expect a default so no surprise. 2. The bondholders are not local [or so I think]. 3. The bond is listed in Mauritius. 4. TCL's market cap is only 1.6bn which is what I think Safaricom makes in a month! Or what KCB/Equity make in 2 months. The market cap is smaller than Unga or Williamson. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 1/3/2014 Posts: 257
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It looks like they found a solution. 
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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@snipermnoma; Could you post the information on the link here? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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http://af.reuters.com/ar.../kenyaNews/idAFL5N16N09M"Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 1/3/2014 Posts: 257
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Ericsson wrote:@snipermnoma;
Could you post the information on the link here? Here goes http://pasteboard.co/2hgjbOCc.png if you post the image directly on was please do...imenishinda
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Rank: User Joined: 1/20/2014 Posts: 3,528
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US$20B, okay ....... more to follow!!! Watching from the sidelines Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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