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Trans Century Limited HY16
Rank: Member Joined: 5/30/2016 Posts: 217 Location: Talai
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this is another Orchard or what is in the making..... Watch and Listen and Live
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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ARAP CHARLES wrote:this is another Orchard or what is in the making..... Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 5/30/2016 Posts: 217 Location: Talai
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Fyatu wrote:ARAP CHARLES wrote:this is another Orchard or what is in the making..... Book value = 32 bob What!!! kwani the company had f forgotten it's book value. what was this thing doing at 3.80cts a while ago! shetani kweli alikuwa ametufunga macho.. ama you are kidding Fyatu!!! Watch and Listen and Live
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Rank: Member Joined: 9/9/2015 Posts: 233
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ARAP CHARLES wrote:Fyatu wrote:ARAP CHARLES wrote:this is another Orchard or what is in the making..... Book value = 32 bob What!!! kwani the company had f forgotten it's book value. what was this thing doing at 3.80cts a while ago! shetani kweli alikuwa ametufunga macho.. ama you are kidding Fyatu!!!  To get the high you are digging for here for(TCL), stick a wet knife in the socket. "Buy when there's blood in the streets, even if the blood is your own."
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Its like those guys who think HF Group can actually default on the KES 7Bn bond falling due next year and have driven share the price down to an irrational low! Mark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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ARAP CHARLES wrote:Fyatu wrote:ARAP CHARLES wrote:this is another Orchard or what is in the making..... Book value = 32 bob What!!! kwani the company had f forgotten it's book value. what was this thing doing at 3.80cts a while ago! shetani kweli alikuwa ametufunga macho.. ama you are kidding Fyatu!!! The viagra effect on this laggard is yet to go down...Kuramo will be getting in this Friday 16th September at a price of 21 bob Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 5/30/2016 Posts: 217 Location: Talai
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Fyatu wrote:ARAP CHARLES wrote:Fyatu wrote:ARAP CHARLES wrote:this is another Orchard or what is in the making..... Book value = 32 bob What!!! kwani the company had f forgotten it's book value. what was this thing doing at 3.80cts a while ago! shetani kweli alikuwa ametufunga macho.. ama you are kidding Fyatu!!! The viagra effect on this laggard is yet to go down...Kuramo will be getting in this Friday 16th September at a price of 21 bob could this one be the one showing signs of a Bull 🏃.. who bought it @average of 4.35.. this thing is rising mysteriously without news.. Watch and Listen and Live
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Rank: Elder Joined: 6/23/2009 Posts: 13,541 Location: nairobi
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ARAP CHARLES wrote:Fyatu wrote:ARAP CHARLES wrote:Fyatu wrote:ARAP CHARLES wrote:this is another Orchard or what is in the making..... Book value = 32 bob What!!! kwani the company had f forgotten it's book value. what was this thing doing at 3.80cts a while ago! shetani kweli alikuwa ametufunga macho.. ama you are kidding Fyatu!!! The viagra effect on this laggard is yet to go down...Kuramo will be getting in this Friday 16th September at a price of 21 bob could this one be the one showing signs of a Bull 🏃.. who bought it @average of 4.35.. this thing is rising mysteriously without news.. The exact same thing shall happen with KQ
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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What are the T&Cs of the Preference Shares issued to Kuramo? Price? Par Value? Dividend Rate? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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VituVingiSana wrote:What are the T&Cs of the Preference Shares issued to Kuramo?
Price?
Par Value?
Dividend Rate? As per the true TC tradition, no memorandum was circulated to this effect....TC's communication department should be fired. Information about the company is very difficult to come by other than what we read in the newspapers. All details will be known tomorrow at the Norfolk 11AM. I hope they don't serve soda and mandazi as they did in the AGM..  Tukutane The Norfolk Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Fyatu wrote:VituVingiSana wrote:What are the T&Cs of the Preference Shares issued to Kuramo?
Price?
Par Value?
Dividend Rate? As per the true TC tradition, no memorandum was circulated to this effect....TC's communication department should be fired. Information about the company is very difficult to come by other than what we read in the newspapers. All details will be known tomorrow at the Norfolk 11AM. I hope they don't serve soda and mandazi as they did in the AGM.. Tukutane The Norfolk I could not figure out why Kuramo was buying TCL shares at 21/- but now with the Pref Shares it makes more sense. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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VituVingiSana wrote:Fyatu wrote:VituVingiSana wrote:What are the T&Cs of the Preference Shares issued to Kuramo?
Price?
Par Value?
Dividend Rate? As per the true TC tradition, no memorandum was circulated to this effect....TC's communication department should be fired. Information about the company is very difficult to come by other than what we read in the newspapers. All details will be known tomorrow at the Norfolk 11AM. I hope they don't serve soda and mandazi as they did in the AGM.. Tukutane The Norfolk I could not figure out why Kuramo was buying TCL shares at 21/- but now with the Pref Shares it makes more sense. Where can i get this information on pref. shares @VVS?? Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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Fyatu wrote:VituVingiSana wrote:Fyatu wrote:VituVingiSana wrote:What are the T&Cs of the Preference Shares issued to Kuramo?
Price?
Par Value?
Dividend Rate? As per the true TC tradition, no memorandum was circulated to this effect....TC's communication department should be fired. Information about the company is very difficult to come by other than what we read in the newspapers. All details will be known tomorrow at the Norfolk 11AM. I hope they don't serve soda and mandazi as they did in the AGM.. Tukutane The Norfolk I could not figure out why Kuramo was buying TCL shares at 21/- but now with the Pref Shares it makes more sense. Where can i get this information on pref. shares @VVS?? @Fyatu - I saw a "notice" that TCL has issued 70,000 Pref Shares to Kuramo. I have no other details. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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VituVingiSana wrote:Fyatu wrote:VituVingiSana wrote:Fyatu wrote:VituVingiSana wrote:What are the T&Cs of the Preference Shares issued to Kuramo?
Price?
Par Value?
Dividend Rate? As per the true TC tradition, no memorandum was circulated to this effect....TC's communication department should be fired. Information about the company is very difficult to come by other than what we read in the newspapers. All details will be known tomorrow at the Norfolk 11AM. I hope they don't serve soda and mandazi as they did in the AGM.. Tukutane The Norfolk I could not figure out why Kuramo was buying TCL shares at 21/- but now with the Pref Shares it makes more sense. Where can i get this information on pref. shares @VVS?? @Fyatu - I saw a "notice" that TCL has issued 70,000 Pref Shares to Kuramo. I have no other details. I am confused here. TCL has created 93 million ordinary shares and 70,000 preference shares...and yet the new shareholding structure will see Kuramo control 24% of the company? The communications department in TCL is doing investors a dis-service Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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I don't know how to post the TCL IM here but... $7mn of the $20mn is for preference shares that will pay 4.9% in dividends + redemption after 7 years with a premium of 75%. As a "back of the envelope" calculation, it seems that "loan" is 12% per year compounded in USD assuming the 4.9% is paid annually and not accrued. The number of preference shares being 70,120 preference shares to be allotted to Kuramo Africa has been calculated by direct reference to the Transaction Preference Share price of USD 100. The Preference Shares shall have a par value of USD 100 each, will be non-convertible and only redeemable after 7 years with a 4.9% coupon and 1.75 times redemption value.Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 1/3/2014 Posts: 257
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VituVingiSana wrote:I don't know how to post the TCL IM here but...
$7mn of the $20mn is for preference shares that will pay 4.9% in dividends + redemption after 7 years with a premium of 75%. As a "back of the envelope" calculation, it seems that "loan" is 12% per year compounded in USD assuming the 4.9% is paid annually and not accrued.
The number of preference shares being 70,120 preference shares to be allotted to Kuramo Africa has been calculated by direct reference to the Transaction Preference Share price of USD 100. The Preference Shares shall have a par value of USD 100 each, will be non-convertible and only redeemable after 7 years with a 4.9% coupon and 1.75 times redemption value. Good catch @VVS. Hapa kuna mambo kweli!
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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snipermnoma wrote:VituVingiSana wrote:I don't know how to post the TCL IM here but...
$7mn of the $20mn is for preference shares that will pay 4.9% in dividends + redemption after 7 years with a premium of 75%. As a "back of the envelope" calculation, it seems that "loan" is 12% per year compounded in USD assuming the 4.9% is paid annually and not accrued.
The number of preference shares being 70,120 preference shares to be allotted to Kuramo Africa has been calculated by direct reference to the Transaction Preference Share price of USD 100. The Preference Shares shall have a par value of USD 100 each, will be non-convertible and only redeemable after 7 years with a 4.9% coupon and 1.75 times redemption value. Good catch @VVS. Hapa kuna mambo kweli! Wanjiko kuoshwa round 2. These ones only benefit deal makers  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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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Could not make it to the Norfolk...Whats going on? Hata hakuna tweets wajameni? Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Moto wa kuotea mbali The investor's chief problem - and even his worst enemy - is likely to be himself
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