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Transcentury records 2.3b loss FY 2014 results

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mwekez@ji		#61 Posted : Monday, July 06, 2015 7:38:08 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		maka wrote: Fyatu wrote: littledove wrote: Fyatu wrote: i'm i seeing right..350 bob printed albeit for a few minutes. For a moment i was a paper millionaire (signs of things to come) you have to get used to these richlive errors, sometime back when i was new to it i almost broke my leg running to place a sell order for ea cables, i opened the site and i was seeing ksh 45 and i had bought a few days back at 12. when i reached my brokers office i was breathing heavily my hair was standing and soaked in sweat, they asked me to take a cup of cold water before before saying anything but i insisted to place the order only for them to tell me its a error Someone actually bought 100 units at 350bob Not possible...How? Chap is entering hallucination phase ...
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Angelica _ann		#62 Posted : Monday, July 06, 2015 8:28:50 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,908		mwekez@ji wrote: maka wrote: Fyatu wrote: littledove wrote: Fyatu wrote: i'm i seeing right..350 bob printed albeit for a few minutes. For a moment i was a paper millionaire (signs of things to come) you have to get used to these richlive errors, sometime back when i was new to it i almost broke my leg running to place a sell order for ea cables, i opened the site and i was seeing ksh 45 and i had bought a few days back at 12. when i reached my brokers office i was breathing heavily my hair was standing and soaked in sweat, they asked me to take a cup of cold water before before saying anything but i insisted to place the order only for them to tell me its a error Someone actually bought 100 units at 350bob Not possible...How? Chap is entering hallucination phase ... 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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whiteowl		#63 Posted : Monday, July 06, 2015 10:32:09 PM
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove		Angelica _ann wrote: mwekez@ji wrote: maka wrote: Fyatu wrote: littledove wrote: Fyatu wrote: i'm i seeing right..350 bob printed albeit for a few minutes. For a moment i was a paper millionaire (signs of things to come) you have to get used to these richlive errors, sometime back when i was new to it i almost broke my leg running to place a sell order for ea cables, i opened the site and i was seeing ksh 45 and i had bought a few days back at 12. when i reached my brokers office i was breathing heavily my hair was standing and soaked in sweat, they asked me to take a cup of cold water before before saying anything but i insisted to place the order only for them to tell me its a error Someone actually bought 100 units at 350bob Not possible...How? Chap is entering hallucination phase ...
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hisah		#64 Posted : Tuesday, July 07, 2015 8:08:47 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Passengers in this mbus should keep in mind that tranny has a convertible bond priced in USD,which was pegged at USDKES = 80 if my memory is correct. It's due in 2016. KE econ is in a slump, KES is tanking while tranny's profitability is equally tanking. All the best. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Fyatu		#65 Posted : Tuesday, July 07, 2015 8:57:45 AM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		mwekez@ji wrote: maka wrote: Fyatu wrote: littledove wrote: Fyatu wrote: i'm i seeing right..350 bob printed albeit for a few minutes. For a moment i was a paper millionaire (signs of things to come) you have to get used to these richlive errors, sometime back when i was new to it i almost broke my leg running to place a sell order for ea cables, i opened the site and i was seeing ksh 45 and i had bought a few days back at 12. when i reached my brokers office i was breathing heavily my hair was standing and soaked in sweat, they asked me to take a cup of cold water before before saying anything but i insisted to place the order only for them to tell me its a error Someone actually bought 100 units at 350bob Not possible...How? Chap is entering hallucination phase ... its alright....ni sawa tu Dumb money becomes dumb only when it listens to smart money
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Fyatu		#66 Posted : Tuesday, July 07, 2015 9:00:51 AM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		hisah wrote: Passengers in this mbus should keep in mind that tranny has a convertible bond priced in USD,which was pegged at USDKES = 80 if my memory is correct. It's due in 2016. KE econ is in a slump, KES is tanking while tranny's profitability is equally tanking. All the best. Tranny had announced the probability of raising money in the form of a rights issue...modalities of doing this were to be announced end of June 2015.No info yet ama they have found other ways of raising money...borrow from a bank perhaps? Dumb money becomes dumb only when it listens to smart money
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VituVingiSana		#67 Posted : Wednesday, July 08, 2015 1:02:43 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi		Fyatu wrote: hisah wrote: Passengers in this mbus should keep in mind that tranny has a convertible bond priced in USD,which was pegged at USDKES = 80 if my memory is correct. It's due in 2016. KE econ is in a slump, KES is tanking while tranny's profitability is equally tanking. All the best. Tranny had announced the probability of raising money in the form of a rights issue...modalities of doing this were to be announced end of June 2015.No info yet ama they have found other ways of raising money...borrow from a bank perhaps? Regardless, @hisah's point is valid. Tranny will have to pay off the Convertible Debt. So instead of using the 'new' funds [shares or debt] to expand the business, they will be used to pay off the bond. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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