EA Cables and Transcentury FY 2018 - Page 2 - Stocks - Wazua

Welcome Guest

Wazua » Investor » Stocks » EA Cables and Transcentury FY 2018

2 Pages<12

EA Cables and Transcentury FY 2018

Options

Previous Topic · Next Topic

Ericsson		#21 Posted : Monday, July 22, 2019 9:13:50 PM
Rank: Elder Joined: 12/4/2009 Posts: 7,736 Location: NAIROBI		Transcentury subsidiary EA cables has extended maturity of its ksh.3.5bn debt by 10 years. The debt restructuring has eased its debt by 44%. Standard chartered bank is its biggest lender
Back to top		WWW Report Abusive \| Report SPAM \| Edit by user: Monday, July 22, 2019 9:45 PM \| Reason: Not specified
User Profile

VituVingiSana		#22 Posted : Tuesday, July 23, 2019 6:07:07 AM
Rank: Chief Joined: 1/3/2007 Posts: 16,584 Location: Nairobi		Ericsson wrote: Transcentury subsidiary EA cables has extended maturity of its ksh.3.5bn debt by 10 years. The debt restructuring has eased its debt by 44%. Standard chartered bank is its biggest lender TCL know how to cut deals to cut/reduce debt! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		Report Abusive \| Report SPAM
User Profile

Ericsson		#23 Posted : Thursday, August 01, 2019 10:44:48 AM
Rank: Elder Joined: 12/4/2009 Posts: 7,736 Location: NAIROBI		Transcentury reports Kshs. 3.5 billion loss for FY18 (down 19% though) Revenue down 25% to Kshs. 4.2 billion. Gross profit improved to Kshs. 880 million from 640 million Operating expenses were 251% of gross profit & net finance costs 176% NEGATIVE EQUITY of Kshs. -3.3 billion Link; https://pbs.twimg.com/me...rmat=jpg&name=medium
Back to top		WWW Report Abusive \| Report SPAM
User Profile

Metch		#24 Posted : Thursday, August 01, 2019 11:25:17 AM
Rank: Member Joined: 12/22/2015 Posts: 177 Location: Mombasa, Kenya		Ericsson wrote: Transcentury reports Kshs. 3.5 billion loss for FY18 (down 19% though) Revenue down 25% to Kshs. 4.2 billion. Gross profit improved to Kshs. 880 million from 640 million Operating expenses were 251% of gross profit & net finance costs 176% NEGATIVE EQUITY of Kshs. -3.3 billion Link; https://pbs.twimg.com/me...mat=jpg&name=medium Dead, deader, deadest Start!
Back to top		Report Abusive \| Report SPAM \| Edit by moderator: Thursday, August 01, 2019 11:48 AM \| Reason: url spacing
User Profile

Ericsson		#25 Posted : Friday, September 13, 2019 9:15:22 AM
Rank: Elder Joined: 12/4/2009 Posts: 7,736 Location: NAIROBI		https://www.businessdail...70682-n1r8hbz/index.html
Back to top		WWW Report Abusive \| Report SPAM
User Profile

VituVingiSana		#26 Posted : Friday, September 13, 2019 9:31:49 AM
Rank: Chief Joined: 1/3/2007 Posts: 16,584 Location: Nairobi		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! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		Report Abusive \| Report SPAM
User Profile

sparkly		#27 Posted : Friday, September 13, 2019 11:06:43 AM
Rank: Elder Joined: 9/23/2009 Posts: 7,420 Location: Enk are Nyirobi		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! Life is short. Live passionately.
Back to top		Report Abusive \| Report SPAM
User Profile

VituVingiSana		#28 Posted : Friday, September 13, 2019 11:21:01 AM
Rank: Chief Joined: 1/3/2007 Posts: 16,584 Location: Nairobi		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!!! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
Back to top		Report Abusive \| Report SPAM
User Profile

Receptor		#29 Posted : Friday, September 13, 2019 12:28:42 PM
Rank: New-farer Joined: 7/1/2019 Posts: 24		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!!! These Transcentury wazees are in a league of their own....they are magicians
Back to top		Report Abusive \| Report SPAM
User Profile

Ericsson		#30 Posted : Friday, September 13, 2019 12:37:21 PM
Rank: Elder Joined: 12/4/2009 Posts: 7,736 Location: NAIROBI		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!!! He was stubborn and big headed instead of being humble.
Back to top		WWW Report Abusive \| Report SPAM
User Profile

lochaz-index		#31 Posted : Friday, September 13, 2019 12:50:47 PM
Rank: Veteran Joined: 9/18/2014 Posts: 997		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.
Back to top		Report Abusive \| Report SPAM
User Profile

Ericsson		#32 Posted : Thursday, October 17, 2019 12:08:54 PM
Rank: Elder Joined: 12/4/2009 Posts: 7,736 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.
Back to top		WWW Report Abusive \| Report SPAM \| Edit by user: Thursday, October 17, 2019 1:13 PM \| Reason: Not specified
User Profile

VituVingiSana		#33 Posted : Thursday, October 17, 2019 7:31:59 PM
Rank: Chief Joined: 1/3/2007 Posts: 16,584 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. 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*
Back to top		Report Abusive \| Report SPAM
User Profile

Users browsing this topic
Guest

2 Pages<12

Wazua » Investor » Stocks » EA Cables and Transcentury FY 2018

Forum Jump

You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Watch this topic
Email this topic
Print this topic
RSS Feed

Normal
Threaded