wazua Sun, Jan 19, 2025
Welcome Guest Search | Active Topics | Log In | Register

Athi River Railling High
Options
Previous Topic · Next Topic
_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.
Back to top
 Report Abusive | Report SPAM | Edit by moderator: Thursday, May 10, 2012 8:05 AM | Reason: title corrected for user
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...
Back to top
 Report Abusive | Report SPAM
_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.
Back to top
 Report Abusive | Report SPAM
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
Back to top
 Report Abusive | Report SPAM
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
Back to top
 Report Abusive | Report SPAM
cnn
#6 Posted : Tuesday, July 24, 2012 7:06:57 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
Back to top
 Report Abusive | Report SPAM
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
Back to top
WWW
 Report Abusive | Report SPAM | Edit by user: Wednesday, July 25, 2012 11:41 PM | Reason: Not specified
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!!
Back to top
 Report Abusive | Report SPAM
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.
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest (4)
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2025 Wazua.co.ke. All Rights Reserved.