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EA Cables and Transcentury FY 2018

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Ericsson		#21 Posted : Monday, July 22, 2019 9:13:50 PM
Rank: Elder Joined: 12/4/2009 Posts: 7,060 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
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VituVingiSana		#22 Posted : Tuesday, July 23, 2019 6:07:07 AM
Rank: Chief Joined: 1/3/2007 Posts: 16,185 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*
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Ericsson		#23 Posted : Thursday, August 01, 2019 10:44:48 AM
Rank: Elder Joined: 12/4/2009 Posts: 7,060 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
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Metch		#24 Posted : Thursday, August 01, 2019 11:25:17 AM
Rank: Member Joined: 12/22/2015 Posts: 164 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!
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