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Bamburi PBT FY 2014 results up 6%
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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ARM is grossly overvalued! why? surely the market must correct this at some point. bamburi looks fairly valued if not slightly over. but, with return to normal profits that PE should come down The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Aguytrying wrote:ARM is grossly overvalued! why? surely the market must correct this at some point. bamburi looks fairly valued if not slightly over. but, with return to normal profits that PE should come down Additional crushing capacity expected from TZ plus new clinker plant. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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What is ARM's Debt:Equity Ratio? That is what worries me. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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VituVingiSana wrote:What is ARM's Debt:Equity Ratio? That is what worries me. 8.1b in equity vs 12bn borrowings. So the ratio is 148% as at 31st Dec 13. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Gatheuzi wrote:VituVingiSana wrote:What is ARM's Debt:Equity Ratio? That is what worries me. 8.1b in equity vs 12bn borrowings. So the ratio is 148% as at 31st Dec 13. Bank loans form about half of the borrowings with a rate of about 13% p.a (KES6.5B). There is an income note from Aureos for KES1.7b (BTW Turner of Actis is a Non-Executive Director in the Board) and there is about KES1.7B worth of Equity linked notes - with a rate of 12% but could be 13.2% depending on performance of the share price in the exchange. Remaining chunk is from bank overdrafts. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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sparkly wrote:Aguytrying wrote:ARM is grossly overvalued! why? surely the market must correct this at some point. bamburi looks fairly valued if not slightly over. but, with return to normal profits that PE should come down Additional crushing capacity expected from TZ plus new clinker plant. With Those ARM valuations you'd think they won a contract to supply cement to build the moon! The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/3/2007 Posts: 18,134 Location: Nairobi
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Gatheuzi wrote:Gatheuzi wrote:VituVingiSana wrote:What is ARM's Debt:Equity Ratio? That is what worries me. 8.1b in equity vs 12bn borrowings. So the ratio is 148% as at 31st Dec 13. Bank loans form about half of the borrowings with a rate of about 13% p.a ($6.5B). There is an income note from Aureos for $1.7b (BTW Turner of Actis is a Non-Executive Director in the Board) and there is about $1.7B worth of Equity linked notes - with a rate of 12% but could be 13.2% depending on performance of the share price in the exchange. Remaining chunk is from bank overdrafts. At 13% it is not too shabby. And if part of the loan is convertible then it helps too. I assume you mean KES & not $. I thought the Debt:Equity was much higher so ARM isn't doing too bad. For me those valuations (current price) have baked in the 'future goodies' so not for me. As a company (& for current shareholders who have been in it for years) it has done very, very well. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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@VVS. well said. we may get a chance one day. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/7/2012 Posts: 11,909
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Aguytrying wrote:sparkly wrote:Aguytrying wrote:ARM is grossly overvalued! why? surely the market must correct this at some point. bamburi looks fairly valued if not slightly over. but, with return to normal profits that PE should come down Additional crushing capacity expected from TZ plus new clinker plant. With Those ARM valuations you'd think they won a contract to supply cement to build the moon! I have never understood how ARM moved from 29bob past Bamburi to split to current levels. Anyway that valuation is crazy. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Angelica _ann wrote:Aguytrying wrote:sparkly wrote:Aguytrying wrote:ARM is grossly overvalued! why? surely the market must correct this at some point. bamburi looks fairly valued if not slightly over. but, with return to normal profits that PE should come down Additional crushing capacity expected from TZ plus new clinker plant. With Those ARM valuations you'd think they won a contract to supply cement to build the moon! I have never understood how ARM moved from 29bob past Bamburi to split to current levels. Anyway that valuation is crazy. Apparently ARM have 100yrs and 200yrs limestone mines reserves in kenya and tanzania which must have been factored in the current price however that advantage should be translated to its bottom line to justify its price. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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VituVingiSana wrote:Gatheuzi wrote:Gatheuzi wrote:VituVingiSana wrote:What is ARM's Debt:Equity Ratio? That is what worries me. 8.1b in equity vs 12bn borrowings. So the ratio is 148% as at 31st Dec 13. Bank loans form about half of the borrowings with a rate of about 13% p.a ($6.5B). There is an income note from Aureos for $1.7b (BTW Turner of Actis is a Non-Executive Director in the Board) and there is about $1.7B worth of Equity linked notes - with a rate of 12% but could be 13.2% depending on performance of the share price in the exchange. Remaining chunk is from bank overdrafts. At 13% it is not too shabby. And if part of the loan is convertible then it helps too. I assume you mean KES & not $. I thought the Debt:Equity was much higher so ARM isn't doing too bad. For me those valuations (current price) have baked in the 'future goodies' so not for me. As a company (& for current sharehmolders who have been in it for years) it has done very, very well. Oh yes its KES not USD! Thanks for the correction. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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A trade of 100,000 shares promptly sneaked through at 1500HRS Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Pesa Nane wrote:A trade of 100,000 shares promptly sneaked through at 1500HRS The same happened either yesterday or Teusday. People are taking positions here SILENTLY..they don't want to cause anxiety and raise the price. an attempt of 100 shares @ 173 went through yesterday but was supressed later. @160-170 is a discount. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Member Joined: 10/26/2012 Posts: 136
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drive along the mombasa nairobi highway and youll see enough bamburi cement mixers being hauled by multiple hauliers trucks for the standard guage railway. Bamburi should rake it in coz if a trucks pulling 24 tons thats 480 bags x say 10 trucks a day thats a sweet 4800 bags done.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Details of AGM please. cc @Aguy...@8 money Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Boris Boyka wrote:Details of AGM please. cc @Aguy...@8 money Aki Boris unanichekeshanga. I'm a common mwananchi, Obiero is my closest source to insider info. Its just that i stick to my guns. Laggards or Not. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Boris Boyka wrote:Details of AGM please. cc @Aguy...@8 money Info not yet out. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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http://m.standardmedia.c...lia-over-terror-attacks
Nkaissery's building a 120 km wall (Nairobi to Nakuru) on the Somali border. That's a lot of cement, Bamburi, ARM, EAPC seem good bets. Even better when al sababu begin constructing tunnels (more cement).
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Rank: Member Joined: 10/26/2012 Posts: 136
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will a wall really hold back the somalis we've got pleanty of them the other side of the wall
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Bamburi PBT FY 2014 results up 6%
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