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EA Cables HY15 firmly in loss territory
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Pesa Nane
#1 Posted : Tuesday, August 25, 2015 4:06:25 PM
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Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#2 Posted : Tuesday, August 25, 2015 4:15:41 PM
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Forex losses TZ, Factory Refurbishment KE to blame

Pesa Nane plans to be shilingi when he grows up.
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mlennyma
#3 Posted : Tuesday, August 25, 2015 4:41:13 PM
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Sub 10bob,you don't announce this in a bear.
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#4 Posted : Tuesday, August 25, 2015 5:32:56 PM
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Joined: 1/3/2007
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This firm has been on a downturn since Mugo Kibati left.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Boris Boyka
#5 Posted : Tuesday, August 25, 2015 6:13:39 PM
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mlennyma wrote:
Sub 10bob,you don't announce this in a bear.

Glad i Exited @ 16.3 after Bagging Interim Dvd.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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ZZE123
#6 Posted : Tuesday, August 25, 2015 6:46:33 PM
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VituVingiSana wrote:
This firm has been on a downturn since Mugo Kibati left.

Can this trend be attributed to George Mwangi the current MD??
The man who marries a beautiful woman, and the farmer who grows corn by the roadside have the same problem
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VituVingiSana
#7 Posted : Tuesday, August 25, 2015 9:05:35 PM
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ZZE123 wrote:
VituVingiSana wrote:
This firm has been on a downturn since Mugo Kibati left.

Can this trend be attributed to George Mwangi the current MD??

I believe the 'big guys' of TCL remotely run this firm to its detriment.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mlennyma
#8 Posted : Tuesday, September 01, 2015 10:30:54 AM
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Boris Boyka wrote:
mlennyma wrote:
Sub 10bob,you don't announce this in a bear.

Glad i Exited @ 16.3 after Bagging Interim Dvd.

journey to sub 10 is progressing well on this monkey and transcentury the gorilla
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#9 Posted : Tuesday, September 01, 2015 11:22:54 AM
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mlennyma wrote:
Boris Boyka wrote:
mlennyma wrote:
Sub 10bob,you don't announce this in a bear.

Glad i Exited @ 16.3 after Bagging Interim Dvd.

journey to sub 10 is progressing well on this monkey and transcentury the gorilla

EAC will survive.
TCL has that huge bond coming due. If the convertible bondholders do not exercise their right to buy the shares [why should they pay much more than the current price?] then not only does TCL have to pay it in USD, there's the accrued interest. Ouch.
I think the logical course of action is to either sell some assets OR offer the bondholders a lower exercise price instead of TCL looking for $75mn + interest. Raising $75mn is not easy under current market conditions for a firm that hasn't had (or hope to have) decent profits for a while.
I am not in TCL's leaking boat but I like EAC which is a lifeboat.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Fyatu
#10 Posted : Tuesday, September 01, 2015 12:03:13 PM
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TCL has already doubled ordinary shares from 600 million to 1.2b. This suggest a rights issue....Be ready to defend
Dumb money becomes dumb only when it listens to smart money
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VituVingiSana
#11 Posted : Tuesday, September 01, 2015 1:56:44 PM
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Fyatu wrote:
TCL has already doubled ordinary shares from 600 million to 1.2b. This suggest a rights issue....Be ready to defend
All yours. Don't score an own goal.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Fyatu
#12 Posted : Tuesday, September 01, 2015 4:02:28 PM
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Its a deliberate effort to follow the money.When the time comes for mabwenyeye to eat, i will be there for the crumbs
Dumb money becomes dumb only when it listens to smart money
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hisah
#13 Posted : Wednesday, September 02, 2015 11:10:03 AM
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Fyatu wrote:
Its a deliberate effort to follow the money.When the time comes for mabwenyeye to eat, i will be there for the crumbs

What happens when the rights issue is undersubscribed? A very likely outcome in this market mood.

What happens when the bond holders forego the conversion exercise to buy the shares? Definitely they won't buy for the share has tanked heavily.

TCL won't be able to afford to raise $75M in this market and will also be facing a flopped rights issue.

This thing has significant tail risk. The price has plenty of space to tank when the bond comes calling with the econ macros badly dented which calls for more losses.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Fyatu
#14 Posted : Wednesday, September 02, 2015 11:16:53 AM
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hisah wrote:
Fyatu wrote:
Its a deliberate effort to follow the money.When the time comes for mabwenyeye to eat, i will be there for the crumbs

What happens when the rights issue is undersubscribed? A very likely outcome in this market mood.

What happens when the bond holders forego the conversion exercise to buy the shares? Definitely they won't buy for the share has tanked heavily.

TCL won't be able to afford to raise $75M in this market and will also be facing a flopped rights issue.

This thing has significant tail risk. The price has plenty of space to tank when the bond comes calling with the econ macros badly dented which calls for more losses.


As you rightly put it - the risk is high and so are the returns. It is not for the faint hearted. Other than the debt, all TCL business fundamentals are OK.
Dumb money becomes dumb only when it listens to smart money
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VituVingiSana
#15 Posted : Wednesday, September 02, 2015 12:26:27 PM
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Joined: 1/3/2007
Posts: 18,134
Location: Nairobi
Fyatu wrote:
hisah wrote:
Fyatu wrote:
Its a deliberate effort to follow the money.When the time comes for mabwenyeye to eat, i will be there for the crumbs

What happens when the rights issue is undersubscribed? A very likely outcome in this market mood.

What happens when the bond holders forego the conversion exercise to buy the shares? Definitely they won't buy for the share has tanked heavily.

TCL won't be able to afford to raise $75M in this market and will also be facing a flopped rights issue.

This thing has significant tail risk. The price has plenty of space to tank when the bond comes calling with the econ macros badly dented which calls for more losses.


As you rightly put it - the risk is high and so are the returns. It is not for the faint hearted. Other than the debt, all TCL business fundamentals are OK.

KQ needs a PR guy like you Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Fyatu
#16 Posted : Wednesday, September 02, 2015 1:01:49 PM
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Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
VituVingiSana wrote:
Fyatu wrote:
hisah wrote:
Fyatu wrote:
Its a deliberate effort to follow the money.When the time comes for mabwenyeye to eat, i will be there for the crumbs

What happens when the rights issue is undersubscribed? A very likely outcome in this market mood.

What happens when the bond holders forego the conversion exercise to buy the shares? Definitely they won't buy for the share has tanked heavily.

TCL won't be able to afford to raise $75M in this market and will also be facing a flopped rights issue.

This thing has significant tail risk. The price has plenty of space to tank when the bond comes calling with the econ macros badly dented which calls for more losses.


As you rightly put it - the risk is high and so are the returns. It is not for the faint hearted. Other than the debt, all TCL business fundamentals are OK.

KQ needs a PR guy like you Laughing out loudly Laughing out loudly Laughing out loudly


Don't get me wrong @VVS. This is not PR but seeing tremendous opportunity
Dumb money becomes dumb only when it listens to smart money
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VituVingiSana
#17 Posted : Wednesday, September 02, 2015 4:04:59 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,134
Location: Nairobi
Fyatu wrote:
VituVingiSana wrote:
Fyatu wrote:
hisah wrote:
Fyatu wrote:
Its a deliberate effort to follow the money.When the time comes for mabwenyeye to eat, i will be there for the crumbs

What happens when the rights issue is undersubscribed? A very likely outcome in this market mood.

What happens when the bond holders forego the conversion exercise to buy the shares? Definitely they won't buy for the share has tanked heavily.

TCL won't be able to afford to raise $75M in this market and will also be facing a flopped rights issue.

This thing has significant tail risk. The price has plenty of space to tank when the bond comes calling with the econ macros badly dented which calls for more losses.


As you rightly put it - the risk is high and so are the returns. It is not for the faint hearted. Other than the debt, all TCL business fundamentals are OK.

KQ needs a PR guy like you Laughing out loudly Laughing out loudly Laughing out loudly


Don't get me wrong @VVS. This is not PR but seeing tremendous opportunity

Good luck. I will invest in other firms and look at TCL after there's clarification about the USD Bond.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Fyatu
#18 Posted : Thursday, September 03, 2015 1:35:35 PM
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Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
meanwhile i will be hiding under the "high" table waiting for bread crumbs or lack thereof...Drool
Dumb money becomes dumb only when it listens to smart money
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Boris Boyka
#19 Posted : Thursday, September 03, 2015 10:04:31 PM
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Joined: 11/15/2013
Posts: 1,977
Location: Here
Is this still an E A Cables thread or it transformed to TCL one?smile
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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littledove
#20 Posted : Saturday, September 26, 2015 9:05:17 AM
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Joined: 7/1/2014
Posts: 906
Location: sky
Sri Lankan cable manufacturer Sierra Cables plans to set up a manufacturing plant in Kenya to
supply transmission and distribution cables to East African countries. According to a filing
sent to the Colombo Stock Exchange, the firm had recently done a survey in Nairobi, Kenya on
the feasibility of setting up a cable manufacturing plant.
Results from the feasibility study indicated favourable financial outcomes and a formal project report had been approved by
the Board of Directors for implementation in the forthcoming months. Currently, Kenya has a
40% local content requirement on low voltage cables for public contract which may have
informed Sierra’s decision. (Company filing, Standard Investment Bank)

add this to the risks above
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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