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Transcentury share swap with Aureos on EA Cables
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mthaka
#11 Posted : Thursday, February 27, 2014 6:12:28 PM
Rank: Member

Joined: 9/30/2013
Posts: 254
jawgey wrote:
mlennyma wrote:
Ea cables is among the poorest perfoming share,tcl has never re-captured its nse entry price..two blind men walking together however they will rally one day.


What was TCL entry price?

it was kshs.50 hitting an all time high of 60,many analyst believe this counter is undervalued
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Fyatu
#12 Posted : Friday, February 28, 2014 9:00:49 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
this laggard is only for intelligent investors
Dumb money becomes dumb only when it listens to smart money
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streetwise
#13 Posted : Friday, February 28, 2014 9:24:36 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
TCL...so what will make it become vibrant..it is rural electrification the standard railway line may be they will use some of the cables there. Basically the question is where is the big market for this company.
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jawgey
#14 Posted : Friday, February 28, 2014 12:05:03 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
streetwise wrote:
TCL...so what will make it become vibrant..it is rural electrification the standard railway line may be they will use some of the cables there. Basically the question is where is the big market for this company.



Don't forget the potential oil market owing to what is happening in Turkana. They are providing the infrastructure.
Seeing is believing
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Aguytrying
#15 Posted : Friday, February 28, 2014 2:37:18 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
How much is Transcentury buying per share?
The investor's chief problem - and even his worst enemy - is likely to be himself
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dunkang
#16 Posted : Saturday, March 01, 2014 5:23:21 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Ain't this confirming to us that they are using money obtained from selling RVR to CITADEL to buy more E.A Cables?

This is not a bad idea. They just break even in RVR, dispose their share, invest elsewhere.

And the world copper prices in 2013 at the LME behaved this way!

Receive with simplicity everything that happens to you.” ― Rashi

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Aguytrying
#17 Posted : Saturday, March 01, 2014 7:15:32 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
what catches my investing eye with this deal is cables. why go out of their way to acquire as much as they can? must be something good happening to cables in the future.
The investor's chief problem - and even his worst enemy - is likely to be himself
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Fyatu
#18 Posted : Sunday, March 02, 2014 7:08:12 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
what if they held to their RVR stake?
Dumb money becomes dumb only when it listens to smart money
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VituVingiSana
#19 Posted : Sunday, March 02, 2014 8:00:15 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
dunkang wrote:
Ain't this confirming to us that they are using money obtained from selling RVR to CITADEL to buy more E.A Cables?

This is not a bad idea. They just break even in RVR, dispose their share, invest elsewhere.

And the world copper prices in 2013 at the LME behaved this way!
TCL is not using cash to buy Aureos shares in EAC. It's a share swap. Aureos gives TCL shares in EAC [via CHK] and Aureos gets shares in TCL. No cash changes hands.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#20 Posted : Sunday, March 02, 2014 11:09:37 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Aguytrying wrote:
what catches my investing eye with this deal is cables. why go out of their way to acquire as much as they can? must be something good happening to cables in the future.


My understanding is that the deal enables Aureos to exit cables business. In return Aureos get a stake in the other profitable ventures of Transcentury or even sell their stake through the nse.
Life is short. Live passionately.
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