Better than Bamburi but with PE at a sky high 21 theres nothing to get excited about.

Holders of ARM don't seem to care for the dividend and appear to be immune to the high PE on the share. My guess is that they are eyeing the massive increase in capacity expected by next year, especially from the new plant in Tanzania.

My own view is that the price will not grow by a huge margin, as future growth in profitabilty appears to have been already factored in the current price.

@shauriyako - am with you on this one. Staying put and watching this space!

I may not have the actual contribution made by the fertiliser division to the bottom line but fertiliser sales grew by 44% against cement's 22%. As long as the population is growing the demand for food will grow with it. The fertiliser usage in kenya is way below the world average-the only way fertliser demand can go is up.
Yes there is increasing competition which I believe can be mitigated to some level through diversification. I think ARM strength could just be in their diversification strategy.