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Tale of Transcentury CEO exit, Sh8b Debt
Rank: Veteran Joined: 8/16/2009 Posts: 994
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snipermnoma wrote:Ericsson wrote:@snipermnoma;
Could you post the information on the link here? Here goes http://pasteboard.co/2hgjbOCc.png if you post the image directly on was please do...imenishinda  Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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More comments on the half solution; Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Othelo wrote:US$20B, okay ....... more to follow!!! Watching from the sidelines Yawa! Pesa Nane plans to be shilingi when he grows up.
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Rank: User Joined: 1/20/2014 Posts: 3,528
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Pesa Nane wrote:Othelo wrote:US$20B, okay ....... more to follow!!! Watching from the sidelines Yawa! Sorry US$ 20 Million .... blame it on Eurobond confusion  Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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8bn + interest is due. 2bn is a start but nowhere near what is required. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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VituVingiSana wrote:8bn + interest is due. 2bn is a start but nowhere near what is required. bandia firms "Don't let the fear of losing be greater than the excitement of winning."
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Rank: User Joined: 1/20/2014 Posts: 3,528
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He is the current Chair of FKE... Plus you never know linkage and lineage..... if you read those tweets he is also talking of change in management. I think he is invested in here heavily or vested interest!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Deadline for the bond money is next Friday. Ten days to go and no solid plans in place! This is looking like default. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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hisah wrote:Deadline for the bond money is next Friday. Ten days to go and no solid plans in place! This is looking like default. i find those agreeing to give some cash on this company very bold,its value could be less than 2b "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/22/2008 Posts: 2,703
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This is all window dressing. This company is dead and the shareholders and management know it. Bond holders say give us 4 billion cash then do rights issue where we convert the rest into equity which means current shareholders end up with a tiny fraction of the company. If you know you are going to lose the company anyway why bother coming up with the 4 billion payment? I am waiting for 25th. This debt is going to default. There is a 1% chance I may be wrong.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The question is how will global investors handle the TCL eurobond default? What will be the likely effect to NSE foreign inflows post default? NSE bulls walking on thin ice... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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hisah wrote:The question is how will global investors handle the TCL eurobond default? What will be the likely effect to NSE foreign inflows post default?
NSE bulls walking on thin ice... A default could be a red herring at NSE for foreign investors. But it wouldn't last for long! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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This man also forged tender documents and beat transcentury on the Kengen tender LINKThis why Transcentury went to court to challenge the tender offer LINKThis is how the judge decided the case LINKAma kweli, the judiciary is also playing its part in destroying Kenyan companies Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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further reading LinkDumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Fyatu wrote:This man also forged tender documents and beat transcentury on the Kengen tender LINKThis why Transcentury went to court to challenge the tender offer LINKThis is how the judge decided the case LINKAma kweli, the judiciary is also playing its part in destroying Kenyan companies this is kenya,they need a connected mogul to bring in the tenders "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Spikes wrote:hisah wrote:The question is how will global investors handle the TCL eurobond default? What will be the likely effect to NSE foreign inflows post default?
NSE bulls walking on thin ice... A default could be a red herring at NSE for foreign investors. But it wouldn't last for long! I like how you learn new terms here and apply them almost immediately. "red herring is something that misleads or distracts from a relevant or important issue. It may be either a logical fallacy or a literary device that leads readers or audiences towards a false conclusion" Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Boris Boyka wrote:Spikes wrote:hisah wrote:The question is how will global investors handle the TCL eurobond default? What will be the likely effect to NSE foreign inflows post default?
NSE bulls walking on thin ice... A default could be a red herring at NSE for foreign investors. But it wouldn't last for long! I like how you learn new terms here and apply them almost immediately. "red herring is something that misleads or distracts from a relevant or important issue. It may be either a logical fallacy or a literary device that leads readers or audiences towards a false conclusion" I knew these terms long time ago before joining Wazua though is a great experience of refreshing levels of analyses . John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The week from hell for TCL is here. Let's see how the events play out. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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