Arguments for Tranny, in my opinion,
1. Great story.
2.Turnaround efforts evident in loan restructuring, 50% reduction in net loss by half year.
3. Original guys who created the mess are no longer in the board.
4. Kuramo with 25% shareholding and additional shareholder loan has 3 board members watching their interests.
5. Great opportunity. 26b order book. Vision of getting to 50b order book by 2022.
6. Diversified income streams. 30% outside kenya.
Cons
Negative equity. Looking for an investor to shore up equity.
Cannot realise the projected growth without required working capital.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.