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TransCentury H1 2012 profit jumps six fold
Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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But commodities are reversing to bullishness. If by end year that commodo bull is intact those profits will be crimped. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@hisah, TCL has many drivers. This time the power (Cables) and engineering (Civicon) divisions did it. Transport (RVR) division is long overdue. Civicon is a sure bet here. http://www.transcentury.co.ke/u...%20Year%20Results(1).pdf
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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TCL guides that activities in oil and gas, mining and power clients will drive earnings in future. Just recently, TCL’s subsidiary, Civicon, won a KES 3.2bn (USD 36m) contract to rehabilitate 204 km of access roads for the Lake Turkana Wind Power Project and the construction of an on-site road network spanning 109 km. Civicon also has another upstream client, Tullow Plc, which has discovered oil in the Turkana County. (sib)
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Civicon is a good bet, the rest I'm very skeptical.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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hisah wrote:But commodities are reversing to bullishness. If by end year that commodo bull is intact those profits will be crimped. @hisah, check the commentary in EA Cables H1 Results and notice the bearish world metal prices negatively affected EA Cables revenues. That means that the commodities bullishness that is setting in will positively affect the top line and bottom line of this TCL division 
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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TransCentury cuts reliance on EA Cables The new investments and the turnaround of some of its subsidiaries like Tanzania’s Tanelec have reduced the contribution of EA Cables to the revenues of the investment firm to 32 per cent from 51 per cent in June last year. One of the new investments is Civicon, which has operations in Kenya, Rwanda, South Sudan and Uganda, where it has built roads, petroleum refineries, breweries and laid oil pipelines.
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Rank: Member Joined: 4/22/2007 Posts: 96 Location: Agra, India
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I dont trust Transcentury. It's easy for investors to get emotional and prejudiced when trading, but computers don't
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Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya
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Agra wrote:I dont trust Transcentury.  qualify that I may be wrong..but then I could be right
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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digitek1 wrote:Agra wrote:I dont trust Transcentury. qualify that Like merali (sameer & neveready) or matu (olympia) or that chairman of olympia (also connected to express) or the directors/management of KQ Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/8/2007 Posts: 808
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But seriously @VVS matu's shop has an NAV of 1.05Billion and a market cap of 150m. Most of the NAV is in property. Doesn't it make sense for shareholders to gang up and dissolve the company and share spoils and go home rather than keep the company afloat so that the spoilt child - matu can keep playing.
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Kausha wrote:But seriously @VVS matu's shop has an NAV of 1.05Billion and a market cap of 150m. Most of the NAV is in property. Doesn't it make sense for shareholders to gang up and dissolve the company and share spoils and go home rather than keep the company afloat so that the spoilt child - matu can keep playing. 1bn? I doubt it is that high. And yes, it is better to close that shop down so matu & his crooked friends can stop stealing. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 2/8/2007 Posts: 808
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@VVS Total Equity at 29th Feb 2012 was 1,067,228, 000. check for your self boss http://www.nse.co.ke/lis...capital-holdings-limited.
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Rank: Member Joined: 7/20/2012 Posts: 141
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Why is it even after this announcement, the stock has not made any significant movements?
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@h2s, the share is still expensive from a Price Earning Ratio perspective. However, the company has got lots of potential.
Wazuans, why is the diluted EPS (KES 0.57) higher than the basic EPS (KES 0.30). #H1 2012 results
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Why is the profit attributable to Equity holders (KES 82,389,000) lower than what is attributable to non-controlling interest (KES 243,700,000)? #the H1 2012 results
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Rank: Member Joined: 6/25/2010 Posts: 176
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mwekez@ji wrote:Why is the profit attributable to Equity holders (KES 82,389,000) lower than what is attributable to non-controlling interest (KES 243,700,000)? #the H1 2012 results Clarify the difference please Rule No.1 is never lose money. Rule No.2 is never forget rule number one
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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mwekez@ji wrote:@h2s, the share is still expensive from a Price Earning Ratio perspective. However, the company has got lots of potential.
Wazuans, why is the diluted EPS (KES 0.57) higher than the basic EPS (KES 0.30). #H1 2012 results oz of the Convertible Bond Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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VituVingiSana wrote:mwekez@ji wrote:@h2s, the share is still expensive from a Price Earning Ratio perspective. However, the company has got lots of potential.
Wazuans, why is the diluted EPS (KES 0.57) higher than the basic EPS (KES 0.30). #H1 2012 results oz of the Convertible Bond how? the workings are welcomed
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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dave.kim wrote:mwekez@ji wrote:Why is the profit attributable to Equity holders (KES 82,389,000) lower than what is attributable to non-controlling interest (KES 243,700,000)? #the H1 2012 results Clarify the difference please Out the PAT of KES 326,089,000/- only KES 82,389,000/- is attributable to equity holders of parent company (the controlling interest/transcentury company). The rest KES 243,700,000/- is going to the minority interest (other investors in the firms TCL has a stake in). So, why are equity holders of transcentury getting the smaller cake while the minority interest are getting the bigger cake?
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TransCentury H1 2012 profit jumps six fold
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