The end is nigh

The initial success of the golfing buddies inspired many to start investment clubs. I remember sending my CV there. But it seems we are seeing the last days of Trans Century Limited. An 8B$ debt is maturing end of Q1. Nearly all investments have flopped. Though I don’t have empirical evidence, I think the end of Kibaki’s presidency could be a factor… What next for Trans Century?

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Transcentury was heavily patronized by Kibaki, no evidence needed there.
Then this wazee’s miscalculated their steps and backed MDVD, remember Uhuru talking about ‘mademoni’.

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Hapo hakuna mambo ya kuthink bwana Okiya. Bila Kibaki hiyo kampuni hatungewahi ijua. Is it by coincidence that they gained all that investment prowess immediately after one of their golfing buddies became president? Anyway, all good things must come to an end. So what happens if they default?

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Loan is 8B $ and their market capitalization is 2.5B $. Ata am sure hao wenyewe wanashangaa what to do.

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It serves them right.Everything in this company has some evil shadows. The bond holders are most likely local thugs.

I had written about this sometime back…politics and business

http://www.kenyatalk.com/index.php?threads/transcentury-vs-centum-politics-and-multi-billion-deals.7927/#post-131044

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I guess it should be Kshs.

yeah, very few firms have a market cap of more than Kes. 250billion.

bondholders will appoint a receiver manager, takeover the firm and decide to keep it as a going concern till they repay their debt or cannibalise it and get whatever they can

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How much is the Share trading at…I heard the CEO Gichau Kiuna or something resigned…the guy had a Ph.D. In chemistry at the age of 27…,problem is he hadn’t lived in Kenya to understand the current dynamics vizuri…na chairman is just too busy a man to work the politics angle

Yes. CEO resigned.

yes. Ksh not $. Thanks 4 correction

Where’s Mugo Kibati in this slug.

Following.

Nobody thinks it can be rescued? The avenues that they invested in are long term shots, for a rather short term bond. What about topping it up and looking for shorter term opportunities? And honestly Kes 8 B is peanuts at that level. They just need a young 30yr old risk taking business developer. (@wheelz)

http://www.businessdailyafrica.com/Corporate-News/Why-Centum--TransCentury-s-fortunes-are-drifting-apart/-/539550/3059594/-/mfbkbh/-/index.html

They shoud promise Mworia heaven and earth then poach him, ndivyo Centum walifanya when they poached him from Transcentury

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are you an insider?

At its current situation, you could say the company share has found a bottom. Something technical investors will be very interested in. However, it takes more than a bottom to find a great investment opportunity. A great leadership is required at this point to turn things around. By the time the masses are rushing in to acquire the re-energized IPO, @wheelz will be cashing in by partially liquidating his positions.

Mugo Kabati alifutwa kazi kitambo ndio Gachuna akapewa…Mugo made investment blunders that made them loose market share in areas that hakuwa ame predict they will grow…sahii ana run family insurance business…i never much liked the fella he was too abrasive and know it all…Waiguru alimfukuza huko Vision 2030 board where he was CEO…there was no way they could work together

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you dont pay loans using share price.You are misleading. I know little about their investments though