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ARM Cement 9M15 EPS Plunge
Pesa Nane
#1 Posted : Monday, October 26, 2015 11:11:39 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Forex losses continue to haunt

Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#2 Posted : Monday, October 26, 2015 11:17:40 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
dunkang
#3 Posted : Monday, October 26, 2015 11:20:18 AM
Rank: Elder


Joined: 6/2/2011
Posts: 4,818
Location: -1.2107, 36.8831
Pesa Nane wrote:
Forex losses continue to haunt



Also, the finance cost is another culprit. It tripled (X3). Loans. Loans. Loans.

Receive with simplicity everything that happens to you.” ― Rashi

Othelo
#4 Posted : Monday, October 26, 2015 11:23:45 AM
Rank: User


Joined: 1/20/2014
Posts: 3,528
Tremendous increment in finance costs - 3.35 fold!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
streetwise
#5 Posted : Monday, October 26, 2015 4:38:37 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Have not been very confident with ARM , this is a sad turn of events
Aguytrying
#6 Posted : Monday, October 26, 2015 5:37:31 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
This is the biggest chance in years to own arm cement shares if it can get to 30.00
The investor's chief problem - and even his worst enemy - is likely to be himself
VituVingiSana
#7 Posted : Monday, October 26, 2015 6:13:17 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
dunkang wrote:
Pesa Nane wrote:
Forex losses continue to haunt



Also, the finance cost is another culprit. It tripled (X3). Loans. Loans. Loans.

A breakdown of the finance costs would be great. If the sales from Tanga increase [as the plant becomes fully operational] then the increased finance cost can be covered by Tanga's profits.

When a plant is considered WIP, the interest is capitalized. Now it has to be expensed. I need to get hold of the Cash Flow statement to see what the movement is.
Was any change in value of the forex loan taken as Finance Costs vs Unrealized Forex Loss?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
enyands
#8 Posted : Monday, October 26, 2015 9:18:47 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
Aguytrying wrote:
This is the biggest chance in years to own arm cement shares if it can get to 30.00



im tryin to wake up on this guy. id rather do this than the REITS IPO being launched .let me get my checkbook ready.30 bob is good. sometime in may it was 78 I remember if im not wrong , ill wait till 30
Spikes
#9 Posted : Monday, October 26, 2015 9:47:40 PM
Rank: Elder


Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
I think as for speculative guyz 20 bob is a massive buyp.....we are just waiting for the whistle!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
enyands
#10 Posted : Tuesday, October 27, 2015 4:52:11 AM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
Spikes wrote:
I think as for speculative guyz 20 bob is a massive buyp.....we are just waiting for the whistle!



@spike Following
obiero
#11 Posted : Tuesday, October 27, 2015 7:24:48 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,549
Location: nairobi
enyands wrote:
Spikes wrote:
I think as for speculative guyz 20 bob is a massive buyp.....we are just waiting for the whistle!



@spike Following

Is it only me, or does @spike remind u guys of @qw

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
enyands
#12 Posted : Tuesday, October 27, 2015 8:03:00 AM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
obiero wrote:
enyands wrote:
Spikes wrote:
I think as for speculative guyz 20 bob is a massive buyp.....we are just waiting for the whistle!



@spike Following

Is it only me, or does @spike remind u guys of @qw


@Obiero Brief me about @qw background
Aguytrying
#13 Posted : Tuesday, October 27, 2015 9:37:36 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
obiero wrote:
enyands wrote:
Spikes wrote:
I think as for speculative guyz 20 bob is a massive buyp.....we are just waiting for the whistle!



@spike Following

Is it only me, or does @spike remind u guys of @qw


Yeah, but espcially @realtreaty. It could even be him
The investor's chief problem - and even his worst enemy - is likely to be himself
Gatheuzi
#14 Posted : Tuesday, October 27, 2015 5:49:07 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
Aguytrying wrote:
obiero wrote:
enyands wrote:
Spikes wrote:
I think as for speculative guyz 20 bob is a massive buyp.....we are just waiting for the whistle!



@spike Following

Is it only me, or does @spike remind u guys of @qw


Yeah, but espcially @realtreaty. It could even be him

Laughing out loudly Laughing out loudly
QW and his whipping ****s.
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.
jawgey
#15 Posted : Tuesday, October 27, 2015 7:45:05 PM
Rank: Member


Joined: 1/13/2014
Posts: 386
Location: Denmark
Gatheuzi wrote:
Aguytrying wrote:
obiero wrote:
enyands wrote:
Spikes wrote:
I think as for speculative guyz 20 bob is a massive buyp.....we are just waiting for the whistle!



@spike Following

Is it only me, or does @spike remind u guys of @qw


Yeah, but espcially @realtreaty. It could even be him

Laughing out loudly Laughing out loudly
QW and his whipping ****s.


Bulls and bears bring out the most outrageous thoughts
Seeing is believing
murchr
#16 Posted : Tuesday, October 27, 2015 8:15:25 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Aguytrying wrote:
obiero wrote:
enyands wrote:
Spikes wrote:
I think as for speculative guyz 20 bob is a massive buyp.....we are just waiting for the whistle!



@spike Following

Is it only me, or does @spike remind u guys of @qw


Yeah, but espcially @realtreaty. It could even be him


@realtreaty cannot be QW..by the way the guy still has love for wazua, I saw him advising some people on FB to join wazua
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Aguytrying
#17 Posted : Tuesday, October 27, 2015 10:15:09 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
murchr wrote:
Aguytrying wrote:
obiero wrote:
enyands wrote:
Spikes wrote:
I think as for speculative guyz 20 bob is a massive buyp.....we are just waiting for the whistle!



@spike Following

Is it only me, or does @spike remind u guys of @qw


Yeah, but espcially @realtreaty. It could even be him


@realtreaty cannot be QW..by the way the guy still has love for wazua, I saw him advising some people on FB to join wazua


Why can't he come back, we miss his humour. He used to be one of my friends here

The investor's chief problem - and even his worst enemy - is likely to be himself
murchr
#18 Posted : Wednesday, October 28, 2015 5:01:42 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
Aguytrying wrote:
murchr wrote:
Aguytrying wrote:
obiero wrote:
enyands wrote:
Spikes wrote:
I think as for speculative guyz 20 bob is a massive buyp.....we are just waiting for the whistle!



@spike Following

Is it only me, or does @spike remind u guys of @qw


Yeah, but espcially @realtreaty. It could even be him


@realtreaty cannot be QW..by the way the guy still has love for wazua, I saw him advising some people on FB to join wazua


Why can't he come back, we miss his humour. He used to be one of my friends here



Laughing out loudly Madam admin alimfukuza na mwiko moto...I guess he's still a member we'll know with time
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
obiero
#19 Posted : Sunday, November 08, 2015 7:42:45 AM
Rank: Elder


Joined: 6/23/2009
Posts: 13,549
Location: nairobi
www.businessdailyafrica..../1/-/osgl8j/-/index.html

HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
moneydust
#20 Posted : Sunday, November 08, 2015 2:18:49 PM
Rank: Member


Joined: 1/31/2007
Posts: 304
Aguytrying wrote:
This is the biggest chance in years to own arm cement shares if it can get to 30.00


No point in jumping into a sinking ship.This is how KQ started,small problems that appear insignificant that lead to bigger problems.
For long, I have thought this company is overvalued.Little did I know its achilles heels are foreign denominated loans,now coupled with increasing stiff competition in the sector,the road ahead is tough.

2 billion shillings in unrealized losses is no joke.
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