Wazua
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East African Cables
Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. Towards the goal of financial freedom
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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Ebenyo wrote:[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading... Start!
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Metch wrote:Ebenyo wrote:[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading... Hehehehe.....tell them. Transcentury wazees are no jokes. Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Fyatu wrote:Metch wrote:Ebenyo wrote:[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading... Hehehehe.....tell them. Transcentury wazees are no jokes. People ignore red signals at their own peril. I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Fyatu wrote:Metch wrote:Ebenyo wrote:[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading... Hehehehe.....tell them. Transcentury wazees are no jokes. The wazees exited kitambo Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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Ericsson wrote:Fyatu wrote:Metch wrote:Ebenyo wrote:[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading... Hehehehe.....tell them. Transcentury wazees are no jokes. The wazees exited kitambo We know these wazees and their tactics. Who are the current top shareholders? Start!
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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sparkly wrote:Fyatu wrote:Metch wrote:Ebenyo wrote:[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading... Hehehehe.....tell them. Transcentury wazees are no jokes. People ignore red signals at their own peril. I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30 Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 12/8/2006 Posts: 104
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VituVingiSana wrote:sparkly wrote:Fyatu wrote:Metch wrote:Ebenyo wrote:[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading... Hehehehe.....tell them. Transcentury wazees are no jokes. People ignore red signals at their own peril. I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30 Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends. Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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passiveinvestor wrote:VituVingiSana wrote:sparkly wrote:Fyatu wrote:Metch wrote:Ebenyo wrote:[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading... Hehehehe.....tell them. Transcentury wazees are no jokes. People ignore red signals at their own peril. I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30 Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends. Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale. They had been given exclusive monopoly to supply cables to Kenya power. When this ended fortunes turned Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/8/2006 Posts: 104
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Ericsson wrote:passiveinvestor wrote:VituVingiSana wrote:sparkly wrote:Fyatu wrote:Metch wrote:Ebenyo wrote:[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading... Hehehehe.....tell them. Transcentury wazees are no jokes. People ignore red signals at their own peril. I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30 Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends. Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale. They had been given exclusive monopoly to supply cables to Kenya power. When this ended fortunes turned They never had an exclusive monopoly. They were the lowest priced, high quality cable provider, post tax and production. You can't compete locally against a person importing from China and evading taxes and duties. Any "monopoly" they had emanated from having established a factory in the country and creating employment.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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passiveinvestor wrote:Ericsson wrote:passiveinvestor wrote:VituVingiSana wrote:sparkly wrote:Fyatu wrote:Metch wrote:Ebenyo wrote:[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading... Hehehehe.....tell them. Transcentury wazees are no jokes. People ignore red signals at their own peril. I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30 Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends. Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale. They had been given exclusive monopoly to supply cables to Kenya power. When this ended fortunes turned They never had an exclusive monopoly. They were the lowest priced, high quality cable provider, post tax and production. You can't compete locally against a person importing from China and evading taxes and duties. Any "monopoly" they had emanated from having established a factory in the country and creating employment. Kibaki and TCL wazees were friends. Digest the meaning of that in the context of kenyan politics and business Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/8/2006 Posts: 104
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passiveinvestor wrote:Ericsson wrote:passiveinvestor wrote:VituVingiSana wrote:sparkly wrote:Fyatu wrote:Metch wrote:Ebenyo wrote:[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading... Hehehehe.....tell them. Transcentury wazees are no jokes. People ignore red signals at their own peril. I bought and sold Cables for a small profit during the good old Kibaki days. Cables was going for around Sh 30. Look at the share now languishing at Shs 2.30 Kibati ran it then. It did well at the time given the Kibaki administration and TCL wazee were friends. Their main problem was that they lost KPLC and Kengen cable tenders to bidders who were underbidding and importing without paying the relevant duties. We know which arm of govt. these 2 firms sat under. No amount of good management or financial wizardry can overcome unfair competition on such a large scale. They had been given exclusive monopoly to supply cables to Kenya power. When this ended fortunes turned They never had an exclusive monopoly. They were the lowest priced, high quality cable provider, post tax and production. You can't compete locally against a person importing from China and evading taxes and duties. Any "monopoly" they had emanated from having established a factory in the country and creating employment. Well, I'm Twitter Famous! Mihr, show yourself!! "Mihr Thakar (@MihrThakar) tweeted at 7:02 am on Wed, Jan 29, 2020: "For over 50 years, the Company has remained an iconic brand in this region." This company must be supported, instead of allowing tenderpreneurs to import substandard cables Illegally and often without duty. @ibn_ubady @eacables (https://twitter.com/MihrThakar/status/1222369435664764929?s=03) "
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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EA Cables barred from suspending Sh190m debt receiver manager https://www.businessdail...08364-l44fdbz/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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[quote=VituVingiSana]EA Cables barred from suspending Sh190m debt receiver manager https://www.businessdail...8364-l44fdbz/index.html[/quote] Final rites to be done on this company Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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Metch wrote:Ericsson wrote:Fyatu wrote:Metch wrote:Ebenyo wrote:[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading... Hehehehe.....tell them. Transcentury wazees are no jokes. The wazees exited kitambo We know these wazees and their tactics. Who are the current top shareholders? Wazees have spoken. Kadebt restructured. Winding up petition withdrawn. Notice in today's dailies Start!
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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Metch wrote:Metch wrote:Ericsson wrote:Fyatu wrote:Metch wrote:Ebenyo wrote:[quote=FUNKY]BREAKING NEWS: @sbmbankkenya Ltd. has filed a petition before the High Court to liquidate East African Cables Ltd. Through its advocates, Robson Harris and Company Advocates, the bank says the petition is scheduled to be mentioned in court next Tuesday on 4th February 2020. https://t.co/hkyqyjRppA[/quote] And just the other day they got some cash for equity. It's a red herring. Sowing fear to displace the faint hearted. What is 280M if 3B can be restructured. FY profit loading... Hehehehe.....tell them. Transcentury wazees are no jokes. The wazees exited kitambo We know these wazees and their tactics. Who are the current top shareholders? Wazees have spoken. Kadebt restructured. Winding up petition withdrawn. Notice in today's dailies https://twitter.com/eaca...1265881033079230465?s=09Start!
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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FY 2019 results in today's papers PBT 658M up from a loss of 813M in 2018. the 1.1B writeoff at Stanchart had a lot to do with it. Start!
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Profit Warning“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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I am shocked!  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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