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TransCentury PLC Proposed Delisting
dunkang
#1 Posted : Tuesday, July 21, 2020 6:29:09 PM
Rank: Elder


Joined: 6/2/2011
Posts: 4,817
Location: -1.2107, 36.8831
I wonder what they want to hide from CMA

http://www.transcentury....reholder%20Circular.pdf

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION


"As we consider our funding options, we cannot ignore the fact that there has been noticeable growth in the private financing space This is more so for capital that is aligned to our kind of business and our present circumstances. It is therefore clear that at this juncture the listing status of the Company continues to limit our funding prospects in terms of investment from private investors who focus on unlisted entities due to the nature of their investment policies and models.

Against this backdrop therefore, the Board of TC is proposing delisting from the NSE as a strategic restructuring measure to allow the business access to additional sources of growth capital to capitalize on the great opportunities created in the last 3 years. "
Receive with simplicity everything that happens to you.” ― Rashi

Fyatu
#2 Posted : Friday, October 16, 2020 6:13:46 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,765
Location: Nakuru
Material announcement
Dumb money becomes dumb only when it listens to smart money
obiero
#3 Posted : Friday, October 16, 2020 8:03:56 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,842
Location: nairobi

The exchange is dying
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Fyatu
#4 Posted : Friday, October 16, 2020 8:28:44 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,765
Location: Nakuru
obiero wrote:

The exchange is dying



I agree. One would expect the exchange to have 200 listed firms by now(year 2020).

The Ibuka list leaves a lot to be desired....it is mediocre. The only hope is that Devki/Guru is listing in medium term.
Dumb money becomes dumb only when it listens to smart money
VituVingiSana
#5 Posted : Friday, October 16, 2020 9:04:18 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,270
Location: Nairobi

I could not download/view the info. The page just kept refreshing.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
tandich
#6 Posted : Saturday, October 17, 2020 1:09:41 AM
Rank: Member


Joined: 5/6/2008
Posts: 186
VituVingiSana wrote:

I could not download/view the info. The page just kept refreshing.


Try this link
TC Company update Oct 2020

It is above Other News for the year 2020
Ericsson
#7 Posted : Saturday, October 17, 2020 1:00:11 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,992
Location: NAIROBI
Fyatu wrote:
obiero wrote:

The exchange is dying



I agree. One would expect the exchange to have 200 listed firms by now(year 2020).

The Ibuka list leaves a lot to be desired....it is mediocre. The only hope is that Devki/Guru is listing in medium term.


How is the state of the economy.
Which are this local companies that can raise the number to 200.

I think going forward NSE should position itself to be the African securities of choice for African companies seeking to list or do capital fundraising.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#8 Posted : Saturday, October 17, 2020 8:30:48 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,270
Location: Nairobi
Is there a benefit > cost to being listed in KE?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#9 Posted : Sunday, October 18, 2020 6:31:41 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,842
Location: nairobi
VituVingiSana wrote:
Is there a benefit > cost to being listed in KE?

Cheap funding via rights
COOP 5,500 ABP12.6; HF 30,000 ABP 5.90; KCB 7,500 ABP 36; KQ 414,100 ABP 7.92
Ericsson
#10 Posted : Sunday, October 18, 2020 7:05:58 PM
Rank: Elder


Joined: 12/4/2009
Posts: 8,992
Location: NAIROBI
obiero wrote:

The exchange is dying


Exchange bar
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#11 Posted : Sunday, October 18, 2020 8:24:56 PM
Rank: Chief


Joined: 1/3/2007
Posts: 17,270
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Is there a benefit > cost to being listed in KE?

Cheap funding via rights
KQ? Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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