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EA Cables and Transcentury FY 2018
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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: 10,804
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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  | | Edit by user: Thursday, October 17, 2019 1:13 PM | Reason: Not specified
VituVingiSana
#33 Posted : Thursday, October 17, 2019 7:31:59 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
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.
d'oh! d'oh! d'oh! 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: 10,804
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: 6,194
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!

Laughing out loudly Laughing out loudly
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: 11,935
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
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Ericsson
#40 Posted : Tuesday, February 04, 2020 1:00:58 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
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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