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8 Pages«<45678>
ARM Cement HY18
sparkly
#101 Posted : Monday, May 27, 2019 12:10:26 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,486
Location: Enk are Nyirobi
littledove wrote:

is somebody giving investors false hope?



https://kenyanwallstreet.com/arm-shareholders-could-get-ksh10-42-per-share-from-the-sale-of-the-company/
Going by SBG’s calculations, assuming ARM sells off its Kenyan, Tanzanian, Rwandan, and South African businesses net of all debt, investors could earn $100 million (KSh10.1 billion) which roughly equates to KSh10.42 per share.


SBG analysts dreaming too much, the mattress must be new 😁😁😁
Life is short. Live passionately.
Ericsson
#102 Posted : Monday, May 27, 2019 12:26:13 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,856
Location: NAIROBI
sparkly wrote:
littledove wrote:

is somebody giving investors false hope?



https://kenyanwallstreet.com/arm-shareholders-could-get-ksh10-42-per-share-from-the-sale-of-the-company/
Going by SBG’s calculations, assuming ARM sells off its Kenyan, Tanzanian, Rwandan, and South African businesses net of all debt, investors could earn $100 million (KSh10.1 billion) which roughly equates to KSh10.42 per share.


SBG analysts dreaming too much, the mattress must be new 😁😁😁


The Tanzania subsidiary had how much owed to creditors.
Ebenyo
#103 Posted : Monday, May 27, 2019 12:36:58 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,775
Location: Kitale
sparkly wrote:
littledove wrote:

is somebody giving investors false hope?



https://kenyanwallstreet.com/arm-shareholders-could-get-ksh10-42-per-share-from-the-sale-of-the-company/
Going by SBG’s calculations, assuming ARM sells off its Kenyan, Tanzanian, Rwandan, and South African businesses net of all debt, investors could earn $100 million (KSh10.1 billion) which roughly equates to KSh10.42 per share.


SBG analysts dreaming too much, the mattress must be new 😁😁😁




I wonder too.
FY 2017,showed the company was in negative equity.Where will this 10 billion come from?
Meanwhile let's wait for FY 18 numbers which was delayed.Then we will see if something has changed.
Either Paunrama or CDC will fork out the 10 billion according to SBG.
Towards the goal of financial freedom
Ericsson
#104 Posted : Monday, May 27, 2019 12:57:59 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,856
Location: NAIROBI
Ebenyo wrote:
sparkly wrote:
littledove wrote:

is somebody giving investors false hope?



https://kenyanwallstreet.com/arm-shareholders-could-get-ksh10-42-per-share-from-the-sale-of-the-company/
Going by SBG’s calculations, assuming ARM sells off its Kenyan, Tanzanian, Rwandan, and South African businesses net of all debt, investors could earn $100 million (KSh10.1 billion) which roughly equates to KSh10.42 per share.


SBG analysts dreaming too much, the mattress must be new 😁😁😁




I wonder too.
FY 2017,showed the company was in negative equity.Where will this 10 billion come from?
Meanwhile let's wait for FY 18 numbers which was delayed.Then we will see if something has changed.
Either Paunrama or CDC will fork out the 10 billion according to SBG.


Don't wait for anything in FY18
Bishofu
#105 Posted : Thursday, May 30, 2019 3:48:56 PM
Rank: New-farer


Joined: 7/16/2018
Posts: 22
obiero
#106 Posted : Thursday, May 30, 2019 3:56:29 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,440
Location: nairobi
Bishofu wrote:
https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected

The company was sold short by about USD 15M or more
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
Fyatu
#107 Posted : Thursday, May 30, 2019 4:27:41 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,675
Location: Nakuru
Bishofu wrote:
https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected


That a Kenyan Newspaper/Kenyan business journalist could not be the first to bring this story to the fore leaves a lot to be desired.
Dumb money becomes dumb only when it listens to smart money
FUNKY
#108 Posted : Thursday, May 30, 2019 4:35:24 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,577
obiero wrote:
Bishofu wrote:
https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected

The company was sold short by about USD 15M or more


PwC received the offer β€œfrom a consortium associated with one of the shareholders of the company in conjunction with another party.” The shareholder submitted the bid on May 17, six weeks after an April 5 deadline, according to a letter sent to creditors and seen by Bloomberg. It sought to explain why the administrators accepted an earlier bid of $50 million.

It was not fault of PWC
obiero
#109 Posted : Thursday, May 30, 2019 5:09:53 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,440
Location: nairobi
FUNKY wrote:
obiero wrote:
Bishofu wrote:
https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected

The company was sold short by about USD 15M or more


PwC received the offer β€œfrom a consortium associated with one of the shareholders of the company in conjunction with another party.” The shareholder submitted the bid on May 17, six weeks after an April 5 deadline, according to a letter sent to creditors and seen by Bloomberg. It sought to explain why the administrators accepted an earlier bid of $50 million.

It was not fault of PWC

No one has faulted PWC.. Just saying that a higher price was put on the table
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
HaMaina
#110 Posted : Thursday, July 04, 2019 12:24:53 PM
Rank: Member


Joined: 4/23/2014
Posts: 678
obiero wrote:
Bishofu wrote:
https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected

The company was sold short by about USD 15M or more


I Hadn't seen this.

Kenyan Steel Tycoon Narendra Raval To Acquire ARM Cement For $50 Million

https://www.forbes.com/s...0-million/#1b4f4198242e


β€œYou can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
Ericsson
#111 Posted : Thursday, July 04, 2019 12:37:23 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,856
Location: NAIROBI
HaMaina wrote:
obiero wrote:
Bishofu wrote:
https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected

The company was sold short by about USD 15M or more


I Hadn't seen this.

Kenyan Steel Tycoon Narendra Raval To Acquire ARM Cement For $50 Million

https://www.forbes.com/s...0-million/#1b4f4198242e




Now the post/discussion can be closed.
FUNKY
#112 Posted : Friday, July 19, 2019 11:27:30 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,577
jgithige
#113 Posted : Friday, July 19, 2019 12:00:09 PM
Rank: Member


Joined: 7/10/2014
Posts: 121
Location: Nairobi
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true

This was a shambolic acquisition. Let's the mahakamas decide.
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
Bishofu
#114 Posted : Friday, July 19, 2019 3:07:43 PM
Rank: New-farer


Joined: 7/16/2018
Posts: 22
The court knows only one solution...liquidation!
Fyatu
#115 Posted : Tuesday, July 30, 2019 2:19:33 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,675
Location: Nakuru
jgithige wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true

This was a shambolic acquisition. Let's the mahakamas decide.



What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors?
Dumb money becomes dumb only when it listens to smart money
faa
#116 Posted : Thursday, August 29, 2019 4:28:48 PM
Rank: Member


Joined: 5/8/2007
Posts: 702
Fyatu wrote:
jgithige wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true

This was a shambolic acquisition. Let's the mahakamas decide.



What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors?




https://www.businessdail...2698-33ifiez/index.html


https://t.co/vho2KM0YhV?amp=1

https://t.co/omZYw6n819?amp=1

I have a work colleague who lost 2M with this share, she had bought at Ksh 90.5 per share.

Faida investment bank had recommended this year to some investors,including me.It was a strong buy to them, they had some tinker plant in TZ ,e.t.c

maka
#117 Posted : Thursday, August 29, 2019 4:33:45 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,287
Location: Nairobi
faa wrote:
Fyatu wrote:
jgithige wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true

This was a shambolic acquisition. Let's the mahakamas decide.



What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors?




https://www.businessdail...2698-33ifiez/index.html


https://t.co/vho2KM0YhV?amp=1

https://t.co/omZYw6n819?amp=1

I have a work colleague who lost 2M with this share, she had bought at Ksh 90.5 per share.

Faida investment bank had recommended this year to some investors,including me.It was a strong buy to them, they had some tinker plant in TZ ,e.t.c



I'd rather come here and get advise than listen to any stock brokerage /investment bank in this country.


possunt quia posse videntur
VituVingiSana
#118 Posted : Thursday, August 29, 2019 5:14:24 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,636
Location: Nairobi
faa wrote:
Fyatu wrote:
jgithige wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true

This was a shambolic acquisition. Let's the mahakamas decide.



What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors?




https://www.businessdail...2698-33ifiez/index.html


https://t.co/vho2KM0YhV?amp=1

https://t.co/omZYw6n819?amp=1

I have a work colleague who lost 2M with this share, she had bought at Ksh 90.5 per share.

Faida investment bank had recommended this year to some investors,including me.It was a strong buy to them, they had some tinker plant in TZ ,e.t.c

I did not buy at 90 but I remember the hype back then. If things had gone according to plan:
1) Clinker plant completion on time
2) USD/TZS remaining stable
3) No drama from Magufuli regarding imported coal
And other bleeding from a 1,000 cuts.

Then ARM could have been way ahead of the competition but...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#119 Posted : Thursday, August 29, 2019 5:24:47 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,440
Location: nairobi
VituVingiSana wrote:
faa wrote:
Fyatu wrote:
jgithige wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true

This was a shambolic acquisition. Let's the mahakamas decide.



What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors?




https://www.businessdail...2698-33ifiez/index.html


https://t.co/vho2KM0YhV?amp=1

https://t.co/omZYw6n819?amp=1

I have a work colleague who lost 2M with this share, she had bought at Ksh 90.5 per share.

Faida investment bank had recommended this year to some investors,including me.It was a strong buy to them, they had some tinker plant in TZ ,e.t.c

I did not buy at 90 but I remember the hype back then. If things had gone according to plan:
1) Clinker plant completion on time
2) USD/TZS remaining stable
3) No drama from Magufuli regarding imported coal
And other bleeding from a 1,000 cuts.

Then ARM could have been way ahead of the competition but...

You bought at KES 93.. I remember
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 392,100 ABP 8.32
VituVingiSana
#120 Posted : Thursday, August 29, 2019 5:28:42 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,636
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
faa wrote:
Fyatu wrote:
jgithige wrote:
FUNKY wrote:
https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true

This was a shambolic acquisition. Let's the mahakamas decide.



What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors?




https://www.businessdail...2698-33ifiez/index.html


https://t.co/vho2KM0YhV?amp=1

https://t.co/omZYw6n819?amp=1

I have a work colleague who lost 2M with this share, she had bought at Ksh 90.5 per share.

Faida investment bank had recommended this year to some investors,including me.It was a strong buy to them, they had some tinker plant in TZ ,e.t.c

I did not buy at 90 but I remember the hype back then. If things had gone according to plan:
1) Clinker plant completion on time
2) USD/TZS remaining stable
3) No drama from Magufuli regarding imported coal
And other bleeding from a 1,000 cuts.

Then ARM could have been way ahead of the competition but...

You bought at KES 93.. I remember
You are trying too hard to remain relevant. The KQ thread isn't exciting enough? Laughing out loudly Laughing out loudly Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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