Sasa, I told u that this is a 10 year investment for me. The changes made to the board by CDC should tell you that their idea is to trim the fat and prepare for an exit as soon as possible. On the board, Konstantin Makarov, Sofia Bianchi and Rohit Anand are there to prepare for CDC's exit most likely through a sale of their stake to a n external investor on or off the trading floor. They are either already aware of, or will be apprised of what the strategic buyer needs to take up this stake as well as the timelines. I can promise you, that as night follows day, CDC will not exit this investment at such a big loss (Currently at kes37 and which is projected to be kes39 come Monday's closing bell). Intact, exiting at even half of this loss is not palatable to them. Therefore, as long as this is the case, I am willing to consider this investment as a WORK OUT (In Buffettspeak). Adding to my stake on Monday will bring my average buying price to kes1 and I am willing to wait and see how this works out as an investment even if it requires 10 years.

Moreover, the auditors disclaimer opinion was really a function of the failure by @ArmCement to conclude the transaction of the sale of the equity stake to the strategic partner and provide such feedback within the auditor's reporting window. Nothing else. @ArmCement's current assets have always been much much less than its current assets. Infact it was worse in prior years. The difference this year is that, in view of the troubles, the auditor felt that all the non current liabilities should also be treated as current liabilities.

Its just that the headline noise is too loud and it's crowding out the rightsizing work being done by CDC.

Napoleon had his waterloo, VVS had his KQ phase 1 under Naikuni, Obiero is currently enduring his KQ phase 2 ama KQ lending Co. Let this be my @ARMCement

Lets no kid ourselves,only a govt company can survive such a loss.

Kenol kobil survived boss

Sasa, I told u that this is a 10 year investment for me. The changes made to the board by CDC should tell you that their idea is to trim the fat and prepare for an exit as soon as possible. On the board, Konstantin Makarov, Sofia Bianchi and Rohit Anand are there to prepare for CDC's exit most likely through a sale of their stake to a n external investor on or off the trading floor. They are either already aware of, or will be apprised of what the strategic buyer needs to take up this stake as well as the timelines. I can promise you, that as night follows day, CDC will not exit this investment at such a big loss (Currently at kes37 and which is projected to be kes39 come Monday's closing bell). Intact, exiting at even half of this loss is not palatable to them. Therefore, as long as this is the case, I am willing to consider this investment as a WORK OUT (In Buffettspeak). Adding to my stake on Monday will bring my average buying price to kes1 and I am willing to wait and see how this works out as an investment even if it requires 10 years.

Moreover, the auditors disclaimer opinion was really a function of the failure by @ArmCement to conclude the transaction of the sale of the equity stake to the strategic partner and provide such feedback within the auditor's reporting window. Nothing else. @ArmCement's current assets have always been much much less than its current assets. Infact it was worse in prior years. The difference this year is that, in view of the troubles, the auditor felt that all the non current liabilities should also be treated as current liabilities.

Its just that the headline noise is too loud and it's crowding out the rightsizing work being done by CDC.

Napoleon had his waterloo, VVS had his KQ phase 1 under Naikuni, Obiero is currently enduring his KQ phase 2 ama KQ lending Co. Let this be my @ARMCement

Demand for ARM is at 1/-
I think it's pure speculation.

Does anyone @pesanane have a link to their results? I didn't find them on their website earlier.
http://www.armcement.com

BTW, I think ARM will survive if they find a strategic investor BUT the current shareholders should accept a "dilution" in their shareholding %. The money will not come cheap. Think KQ.

How did people place orders at 1.00. The least i can do is 2.25.

i also tried at ksh 1 ikakataa, the minimum i could place showed 2.43