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2 Pages<12
EA Cables and Transcentury FY 2018
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
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
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
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!
Ericsson
#25 Posted : Friday, September 13, 2019 9:15:22 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,736
Location: NAIROBI
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
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.
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
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
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.
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.
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.
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.
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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