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ARM 1H results are inspiring
Insurgent
#1 Posted : Monday, August 08, 2011 9:57:51 AM
Rank: User


Joined: 8/6/2010
Posts: 594
Cement and fertiliser maker Athi River Mining grew its post-tax profit 23 per cent for the whole 2010. Is it likely to replicate the same this 2011 half year? I don't think so but the increase must be in the double digit. Who has the results?


"One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed." Rev Canon Karanja.

Cde Monomotapa
#2 Posted : Monday, August 08, 2011 10:11:41 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Nkt!
FUNKY
#3 Posted : Monday, August 08, 2011 11:00:24 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Cde Monomotapa
#4 Posted : Monday, August 08, 2011 11:32:32 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
FUNKY wrote:
http://af.reuters.com/article/investingNews/idAFJOE77700B20110808

That's more like it but yet the NSE is selling off functioning companies operating in functional economies.
guru267
#5 Posted : Monday, August 08, 2011 3:49:52 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Less than inspiring results.. Its sad that the market values it the way that it does.. This is a stock set up properly for a significant correction
Mark 12:29
Deuteronomy 4:16
hisah
#6 Posted : Tuesday, August 09, 2011 7:11:46 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@Guru - true, this stock will hit the bunkers below 120/-.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
FUNKY
#7 Posted : Tuesday, August 23, 2011 11:31:37 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
http://www.bloomberg.com...usiness-daily-says.html

ARM plans to construct a cement factory in South Africa.
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