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Transcentury FY 2015 a stunning 2.96bn loss
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mlennyma
#1 Posted : Tuesday, May 03, 2016 11:01:53 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
2.96b loss


Full Results link: https://view.publitas.co...ded-31st-december-2015/

"Don't let the fear of losing be greater than the excitement of winning."
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Impunity
#2 Posted : Tuesday, May 03, 2016 12:58:47 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Kibaki's blue chip.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Sober
#3 Posted : Tuesday, May 03, 2016 2:45:58 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
Shares trading at 4.50 down from the listing price of 50 Bob 5 years ago. I really pity anyone who bought the shares at a 2 digit price
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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Impunity
#4 Posted : Tuesday, May 03, 2016 3:01:03 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
Sober wrote:
Shares trading at 4.50 down from the listing price of 50 Bob 5 years ago. I really pity anyone who bought the shares at a 2 digit price


@wanjiku was ropped in, fattened then raped...now she is left to help herself...many shares will be trading at UNIT before next polls.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Fyatu
#5 Posted : Tuesday, May 03, 2016 3:36:51 PM
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Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Poleni Wanjiku
Dumb money becomes dumb only when it listens to smart money
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hisah
#6 Posted : Tuesday, May 03, 2016 3:41:16 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Fyatu wrote:
Poleni Wanjiku

Did you bail out?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Aguytrying
#7 Posted : Tuesday, May 03, 2016 4:28:38 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
hisah wrote:
Fyatu wrote:
Poleni Wanjiku

Did you bail out?


I sounded mad when i valued this share at 10.00 when it was trading at 50.00 at listing. 4 years later seems even my target was too high. The same gripes i had about it then I.E. debt and dishonnesty are the ones putting it to the sword now
The investor's chief problem - and even his worst enemy - is likely to be himself
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maka
#8 Posted : Tuesday, May 03, 2016 7:40:38 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
This is a bogus stockmarket....
possunt quia posse videntur
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Fyatu
#9 Posted : Wednesday, May 04, 2016 8:15:27 AM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
hisah wrote:
Fyatu wrote:
Poleni Wanjiku

Did you bail out?


Yes i did....but burnt to recognition
Dumb money becomes dumb only when it listens to smart money
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Cornelius Vanderbilt
#10 Posted : Wednesday, May 04, 2016 9:07:23 AM
Rank: Member


Joined: 8/15/2015
Posts: 817
who is on the otherside of this loss.si amekula akachoka !
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Spikes
#11 Posted : Wednesday, May 04, 2016 9:10:37 AM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Cornelius Vanderbilt wrote:
who is on the otherside of this loss.si amekula akachoka !



Of course.....
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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mlennyma
#12 Posted : Monday, May 09, 2016 2:42:57 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
this means the office can comfortably operate on mother tongue...

Cytonn Corporate Governance Index – Ethnic Diversity Ranking
TransCentury ranks lowest in terms of ethnic diversity, with 87.5% from one ethnicity,
"Don't let the fear of losing be greater than the excitement of winning."
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littledove
#13 Posted : Monday, May 09, 2016 3:02:34 PM
Rank: Veteran


Joined: 7/1/2014
Posts: 903
Location: sky
https://www.african-markets.com/en/stock-markets/ngse/nigerian-stock-exchange-to-delist-17-firms-for-poor-governance?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+africanmarkets/stockmarkets+(AFRICAN+MARKETS:+Stock+Markets)

i think this a warning to the likes of trancentury in nairobi stocks exchange
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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VituVingiSana
#14 Posted : Monday, May 09, 2016 3:09:12 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
littledove wrote:
https://www.african-markets.com/en/stock-markets/ngse/nigerian-stock-exchange-to-delist-17-firms-for-poor-governance?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+africanmarkets/stockmarkets+(AFRICAN+MARKETS:+Stock+Markets)

i think this a warning to the likes of trancentury in nairobi stocks exchange

No, it isn't. The CMA doesn't care. It approves shady deals. The officials probably get kickbacks. I don't trust Kenya's CMA under the current CEO.

Uchumi's Rights Issue
TCL
Home Afrika
KQ's Rights Issue [& subsequent losses]
Imperial Bank bond issue
Chase Bank bond issue
Atlas

The only successful Rights Issues have been the small ones like DTB, etc.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Sober
#15 Posted : Monday, May 09, 2016 4:34:59 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
VituVingiSana wrote:
littledove wrote:
https://www.african-markets.com/en/stock-markets/ngse/nigerian-stock-exchange-to-delist-17-firms-for-poor-governance?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+africanmarkets/stockmarkets+(AFRICAN+MARKETS:+Stock+Markets)

i think this a warning to the likes of trancentury in nairobi stocks exchange

No, it isn't. The CMA doesn't care. It approves shady deals. The officials probably get kickbacks. I don't trust Kenya's CMA under the current CEO.

Uchumi's Rights Issue
TCL
Home Afrika
KQ's Rights Issue [& subsequent losses]
Imperial Bank bond issue
Chase Bank bond issue
Atlas

The only successful Rights Issues have been the small ones like DTB, etc.


Applause Applause Nigerian Stock Exchange takes Corporate Governance this serious...
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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Sober
#16 Posted : Monday, May 09, 2016 4:38:13 PM
Rank: Elder


Joined: 11/27/2007
Posts: 3,604
TCL among the highest gainers today having gained 9% to print 5.25
Who is buying? and I hope this is not a case of 1,000 shares traded.
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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mlennyma
#17 Posted : Monday, May 09, 2016 4:41:22 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Sober wrote:
TCL among the highest gainers today having gained 9% to print 5.25
Who is buying? and I hope this is not a case of 1,000 shares traded.

1 deal,100 sharessmile total 525 bob wanjikus weekend change
"Don't let the fear of losing be greater than the excitement of winning."
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murchr
#18 Posted : Friday, July 01, 2016 12:06:19 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Business Daily wrote:
Shareholders of troubled infrastructure company TransCentury mounted a rare protest at its board of directors meeting Thursday, opposing an increase of directors’ emoluments in a year when the firm posted a Sh2.4 billion after-tax loss.

The investors at its annual general meeting (AGM) held in Nairobi questioned why directors and top executives got an increase in remuneration in 2015 compared to 2014 yet they got no dividends.


Ni kubaya
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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hisah
#19 Posted : Friday, July 01, 2016 2:47:44 AM
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Joined: 8/4/2010
Posts: 8,977
murchr wrote:
Business Daily wrote:
Shareholders of troubled infrastructure company TransCentury mounted a rare protest at its board of directors meeting Thursday, opposing an increase of directors’ emoluments in a year when the firm posted a Sh2.4 billion after-tax loss.

The investors at its annual general meeting (AGM) held in Nairobi questioned why directors and top executives got an increase in remuneration in 2015 compared to 2014 yet they got no dividends.


Ni kubaya

Business unusual smile KE shareholders need to wake up and start roasting shady boards and management before NSE is turned into a full blown fish market. During such shareholder anger phase the bear is most powerful! When financials nose bleed heavily, the rogue players get their day at the cleaners as the shareholders showdown picks up pace.

AGMs will be postponed as the rogue players go into hiding smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#20 Posted : Friday, July 01, 2016 3:42:57 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
hisah wrote:
murchr wrote:
Business Daily wrote:
Shareholders of troubled infrastructure company TransCentury mounted a rare protest at its board of directors meeting Thursday, opposing an increase of directors’ emoluments in a year when the firm posted a Sh2.4 billion after-tax loss.

The investors at its annual general meeting (AGM) held in Nairobi questioned why directors and top executives got an increase in remuneration in 2015 compared to 2014 yet they got no dividends.


Ni kubaya

Business unusual smile KE shareholders need to wake up and start roasting shady boards and management before NSE is turned into a full blown fish market. During such shareholder anger phase the bear is most powerful! When financials nose bleed heavily, the rogue players get their day at the cleaners as the shareholders showdown picks up pace.

AGMs will be postponed as the rogue players go into hiding smile



I look forward to the day when we will have shareholder activists at the NSE. I was hoping Kirubi would be that with KQ but he doesn't seem to get that picture. There's need for serious change in regard to how companies are run in Kenya.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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