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_Advisory
#1 Posted : Thursday, May 10, 2012 7:05:28 AM
Rank: New-farer


Joined: 4/24/2012
Posts: 12
Athi River Mining on 3/28/2012 at Ksh160. As of today its at Ksh196..time to exit.
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deadpoet
#2 Posted : Thursday, May 10, 2012 8:14:13 AM
Rank: Member


Joined: 9/27/2006
Posts: 503
Exit why? The company has seriously strong fundamentals...
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_Advisory
#3 Posted : Thursday, May 10, 2012 10:35:51 AM
Rank: New-farer


Joined: 4/24/2012
Posts: 12
Objective achieved..Was in it for the short term.
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VituVingiSana
#4 Posted : Thursday, May 10, 2012 2:55:49 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,129
Location: Nairobi
Athi River Mining recently bought a factory in Rwanda & want to increase the capacity by 500% as well as make additional improvements. ARM is in the process of increasing its production in Kenya as well as a huge NEW factory in Tanzania. Pradeep Paunrana & family have a large stake in ARM. He has grown ARM using a smart combination of debt & equity. The 'shares' he has sold in ARM to other strategic investors has been through Convertible Debt. The latest $50mn Convertible Debt has an exercise price HIGHER than the current market price & much higher Price to NAV.

Compare to KQ. The 'new shares' are being sold at a HUGE discount to NAV. The existing shareholders will be diluted if they can't take up the Rights. Unlike Pradeep, KQ's CEO has ZERO shares.

http://coldtusker.blogsp...nya-airways-rip-off.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#5 Posted : Thursday, May 10, 2012 3:32:18 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
i agree fully with cold tusker. KQ management bure kabisa,kuku sana
The investor's chief problem - and even his worst enemy - is likely to be himself
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cnn
#6 Posted : Tuesday, July 24, 2012 7:06:57 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
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youcan'tstopusnow
#7 Posted : Wednesday, July 25, 2012 11:37:30 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Nigeria bank joins Athi
River Mining board, eyes
13.6pc stake
The Africa Finance
Corporation (AFC)
committed to advance $50 million (Sh4.2 billion) loan to ARM and has the option to convert the debt into a stake
equivalent to 13.6 per cent of the cement firm.
Now, Andrew Alli — the
chief executive officer of AFC — has become the eighth director of ARM, a board position that has led analysts to believe that the financier is keen on developing strategy for the cement
manufacturer ahead of its acquiring a stake.
The $50 million notes may be convertible any time during a six-year period — at the
option of the investor — at a fixed price of $ 3.20 per share (Sh268), which could result in 15,625,000 new ordinary shares.
http://www.businessdaily.../-/88hlaaz/-/index.html
GOD BLESS YOUR LIFE
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Cde Monomotapa
#8 Posted : Wednesday, July 25, 2012 11:50:01 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Nigeria bank joins Athi
River Mining board, eyes
13.6pc stake
The Africa Finance
Corporation (AFC)
committed to advance $50 million (Sh4.2 billion) loan to ARM and has the option to convert the debt into a stake
equivalent to 13.6 per cent of the cement firm.
Now, Andrew Alli — the
chief executive officer of AFC — has become the eighth director of ARM, a board position that has led analysts to believe that the financier is keen on developing strategy for the cement
manufacturer ahead of its acquiring a stake.
The $50 million notes may be convertible any time during a six-year period — at the
option of the investor — at a fixed price of $ 3.20 per share (Sh268), which could result in 15,625,000 new ordinary shares.
http://www.businessdaily.../-/88hlaaz/-/index.html

Awesome smile Kazi na Mali Kwa Vijana!!
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kyt
#9 Posted : Thursday, July 26, 2012 8:26:19 AM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
who was at the AGM? the shareholders were supposed to split the share by a 1 to 5 ratio, did it happen?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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