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EA Cables and Transcentury FY 2018

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Ericsson		#21 Posted : Monday, July 22, 2019 9:13:50 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		Transcentury subsidiary EA cables has extended maturity of its ksh.3.5bn debt by 10 years. The debt restructuring has eased its debt by 44%. Standard chartered bank is its biggest lender Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#22 Posted : Tuesday, July 23, 2019 6:07:07 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		Ericsson wrote: Transcentury subsidiary EA cables has extended maturity of its ksh.3.5bn debt by 10 years. The debt restructuring has eased its debt by 44%. Standard chartered bank is its biggest lender TCL know how to cut deals to cut/reduce debt! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#23 Posted : Thursday, August 01, 2019 10:44:48 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		Transcentury reports Kshs. 3.5 billion loss for FY18 (down 19% though) Revenue down 25% to Kshs. 4.2 billion. Gross profit improved to Kshs. 880 million from 640 million Operating expenses were 251% of gross profit & net finance costs 176% NEGATIVE EQUITY of Kshs. -3.3 billion Link; https://pbs.twimg.com/me...rmat=jpg&name=medium Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Metch		#24 Posted : Thursday, August 01, 2019 11:25:17 AM
Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya		Ericsson wrote: Transcentury reports Kshs. 3.5 billion loss for FY18 (down 19% though) Revenue down 25% to Kshs. 4.2 billion. Gross profit improved to Kshs. 880 million from 640 million Operating expenses were 251% of gross profit & net finance costs 176% NEGATIVE EQUITY of Kshs. -3.3 billion Link; https://pbs.twimg.com/me...mat=jpg&name=medium Dead, deader, deadest Start!
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Ericsson		#25 Posted : Friday, September 13, 2019 9:15:22 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		https://www.businessdail...70682-n1r8hbz/index.html Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#26 Posted : Friday, September 13, 2019 9:31:49 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/How-StanChart-helped-TransCentury-post-profit/4003102-5270682-n1r8hbz/index.html That's quite the haircut that SCBK took on EAC but I guess it's better to get some cash than keep a deadbeat debtor on the books! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sparkly		#27 Posted : Friday, September 13, 2019 11:06:43 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		VituVingiSana wrote: Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/How-StanChart-helped-TransCentury-post-profit/4003102-5270682-n1r8hbz/index.html That's quite the haircut that SCBK took on EAC but I guess it's better to get some cash than keep a deadbeat debtor on the books! I need the contacts of these people who run Transcentury. Yaani +5.3B haircuts on debt and still going! Life is short. Live passionately.
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VituVingiSana		#28 Posted : Friday, September 13, 2019 11:21:01 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		sparkly wrote: VituVingiSana wrote: Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/How-StanChart-helped-TransCentury-post-profit/4003102-5270682-n1r8hbz/index.html That's quite the haircut that SCBK took on EAC but I guess it's better to get some cash than keep a deadbeat debtor on the books! I need the contacts of these people who run Transcentury. Yaani +5.3B haircuts on debt and still going! #TukoPamoja Paunrana should have consulted TCL guys on how to get huge discounts on loans ARM owed!!! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Receptor		#29 Posted : Friday, September 13, 2019 12:28:42 PM
Rank: Member Joined: 7/1/2019 Posts: 119		VituVingiSana wrote: sparkly wrote: VituVingiSana wrote: Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/How-StanChart-helped-TransCentury-post-profit/4003102-5270682-n1r8hbz/index.html That's quite the haircut that SCBK took on EAC but I guess it's better to get some cash than keep a deadbeat debtor on the books! I need the contacts of these people who run Transcentury. Yaani +5.3B haircuts on debt and still going! #TukoPamoja Paunrana should have consulted TCL guys on how to get huge discounts on loans ARM owed!!! These Transcentury wazees are in a league of their own....they are magicians
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Ericsson		#30 Posted : Friday, September 13, 2019 12:37:21 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		VituVingiSana wrote: sparkly wrote: VituVingiSana wrote: Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/How-StanChart-helped-TransCentury-post-profit/4003102-5270682-n1r8hbz/index.html That's quite the haircut that SCBK took on EAC but I guess it's better to get some cash than keep a deadbeat debtor on the books! I need the contacts of these people who run Transcentury. Yaani +5.3B haircuts on debt and still going! #TukoPamoja Paunrana should have consulted TCL guys on how to get huge discounts on loans ARM owed!!! He was stubborn and big headed instead of being humble. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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lochaz-index		#31 Posted : Friday, September 13, 2019 12:50:47 PM
Rank: Veteran Joined: 9/18/2014 Posts: 1,127		VituVingiSana wrote: sparkly wrote: VituVingiSana wrote: Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/How-StanChart-helped-TransCentury-post-profit/4003102-5270682-n1r8hbz/index.html That's quite the haircut that SCBK took on EAC but I guess it's better to get some cash than keep a deadbeat debtor on the books! I need the contacts of these people who run Transcentury. Yaani +5.3B haircuts on debt and still going! #TukoPamoja Paunrana should have consulted TCL guys on how to get huge discounts on loans ARM owed!!! First the bondholders got a haircut and now loans get completely written off while some other companies can't get them restructured. Quite the negotiators or is it armtwisting? The main purpose of the stock market is to make fools of as many people as possible.
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Ericsson		#32 Posted : Thursday, October 17, 2019 12:08:54 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		https://www.businessdail...14614-4hnshr/index.html East African Cables is considering raising new capital from shareholders to run its operations which have been constrained by high finance costs and inadequate funds to deliver contracts. The company is also seeking to sell assets worth Sh640 million to reduce its debt burden. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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VituVingiSana		#33 Posted : Thursday, October 17, 2019 7:31:59 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi		Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/East-African-Cables-seeks-to-raise/4003102-5314614-4hnshr/index.html East African Cables is considering raising new capital from shareholders to run its operations which have been constrained by high finance costs and inadequate funds to deliver contracts. The company is also seeking to sell assets worth Sh640 million to reduce its debt burden. They should just take it private. I don't see the minority shareholders being overly excited about giving EAC/TCL more money! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#34 Posted : Thursday, January 30, 2020 11:11:14 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		Andrew J Franklin @ajfactual52 I approached TransCentury because it had acquired the very reputable Civicon and I thought the 29 Masters of the Universe had the vision and influence to successfully promote my Somalia Border Control Project budgeted in 2014 at $260million plus. I was wrong! They had no vision! Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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mlennyma		#35 Posted : Thursday, January 30, 2020 1:51:43 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi		Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/East-African-Cables-seeks-to-raise/4003102-5314614-4hnshr/index.html East African Cables is considering raising new capital from shareholders to run its operations which have been constrained by high finance costs and inadequate funds to deliver contracts. The company is also seeking to sell assets worth Sh640 million to reduce its debt burden. another casino here "Don't let the fear of losing be greater than the excitement of winning."
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passiveinvestor		#36 Posted : Thursday, January 30, 2020 7:10:30 PM
Rank: Member Joined: 12/8/2006 Posts: 104		Ericsson wrote: Andrew J Franklin @ajfactual52 I approached TransCentury because it had acquired the very reputable Civicon and I thought the 29 Masters of the Universe had the vision and influence to successfully promote my Somalia Border Control Project budgeted in 2014 at $260million plus. I was wrong! They had no vision! Sometimes, not investing in something one doesn't understand is a good idea. We know how the "border wall" turned out!
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Angelica _ann		#37 Posted : Thursday, January 30, 2020 7:50:17 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,908		mlennyma wrote: Ericsson wrote: https://www.businessdailyafrica.com/corporate/companies/East-African-Cables-seeks-to-raise/4003102-5314614-4hnshr/index.html East African Cables is considering raising new capital from shareholders to run its operations which have been constrained by high finance costs and inadequate funds to deliver contracts. The company is also seeking to sell assets worth Sh640 million to reduce its debt burden. another casino here Don't touch please!!!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Balaa		#38 Posted : Friday, January 31, 2020 9:04:56 AM
Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa		Old boys' club crumbling..case of chickens coming home to roost. If it don't make dollars, it don't make sense
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FUNKY		#39 Posted : Tuesday, February 04, 2020 6:32:49 AM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		https://www.businessdail...42720-36dqwnz/index.html
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Ericsson		#40 Posted : Tuesday, February 04, 2020 1:00:58 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI		FUNKY wrote: https://www.businessdailyafrica.com/corporate/companies/Kuramo-faces-Sh699m-TransCentury-loan-loss/4003102-5442720-36dqwnz/index.html https://www.standardmedi...ys-out-dead-kenyan-firms Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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