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Tale of Transcentury CEO exit, Sh8b Debt
Ericsson
#111 Posted : Tuesday, March 08, 2016 7:23:57 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
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
hisah
#112 Posted : Tuesday, March 08, 2016 11:33:29 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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!
muganda
#113 Posted : Tuesday, March 08, 2016 11:59:09 AM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
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 smile
mlennyma
#114 Posted : Tuesday, March 08, 2016 1:15:01 PM
Rank: Elder

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

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."
VituVingiSana
#115 Posted : Tuesday, March 08, 2016 6:47:42 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
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
snipermnoma
#116 Posted : Tuesday, March 15, 2016 9:40:01 AM
Rank: Member

Joined: 1/3/2014
Posts: 257
It looks like they found a solution.
Ericsson
#117 Posted : Tuesday, March 15, 2016 9:41:41 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@snipermnoma;
Could you post the information on the link here?
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
mlennyma
#118 Posted : Tuesday, March 15, 2016 9:47:20 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
http://af.reuters.com/ar.../kenyaNews/idAFL5N16N09M
"Don't let the fear of losing be greater than the excitement of winning."
snipermnoma
#119 Posted : Tuesday, March 15, 2016 9:48:00 AM
Rank: Member

Joined: 1/3/2014
Posts: 257
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
Othelo
#120 Posted : Tuesday, March 15, 2016 9:53:02 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
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.
21 Pages«<1011121314>»
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