Wazua
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ARM HY2017
Rank: Chief Joined: 1/3/2007 Posts: 18,350 Location: Nairobi
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Is Paunrana really out? https://www.businessdail...5744-11ieuvr/index.html
Waiting for the 1H 2018 results but they have until 31st Oct to announce them. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,350 Location: Nairobi
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VituVingiSana wrote:xxxxx wrote:VituVingiSana wrote:Trades at 5.10 Hehehe...barrier broken. Now to Kes 6 Twende kazi! Asante to @xxxxx and @fyatu for giving me answers to my queries on ARM. 5.60 (+10% over yesterday) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/20/2008 Posts: 503
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They promised to update us fully within 90 days of 31st May...therefore 31 August is their set timeline. But I'm reading that Paunrana sent a letter to sshareholders talking about his stepping down...... https://kenyanwallstreet.com/?p=23364
Either way, given that CDC has for starters disbursed the $4M for working capital, there's still lots of money to be made here by investors who appreciate that the share has been de-risked significantly. However, @Obiero must stay away.....still too risky for u 
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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xxxxx wrote:They promised to update us fully within 90 days of 31st May...therefore 31 August is their set timeline. But I'm reading that Paunrana sent a letter to sshareholders talking about his stepping down...... https://kenyanwallstreet.com/?p=23364
Either way, given that CDC has for starters disbursed the $4M for working capital, there's still lots of money to be made here by investors who appreciate that the share has been de-risked significantly. However, @Obiero must stay away.....still too risky for u I'm away. But happy for those who are in the money
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Rank: Chief Joined: 1/3/2007 Posts: 18,350 Location: Nairobi
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obiero wrote:xxxxx wrote:They promised to update us fully within 90 days of 31st May...therefore 31 August is their set timeline. But I'm reading that Paunrana sent a letter to sshareholders talking about his stepping down...... https://kenyanwallstreet.com/?p=23364
Either way, given that CDC has for starters disbursed the $4M for working capital, there's still lots of money to be made here by investors who appreciate that the share has been de-risked significantly. However, @Obiero must stay away.....still too risky for u I'm away. But happy for those who are in the money NDAAAAANIIIIIfike 10. My logic (props to @xxxx and @fyatu) is that the NAV was 23/- at the end of FY 2017 but let's write down losses for FY 2018 and other clean-ups and payouts to the management. Let's say this is 13/- so we end up at 10/- but with an improving environment in TZ, a Strategic Investor could step in at 10/- within 2 years. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Quote:End of an era as Paunrana family loses grip on ARMMr Paunrana is set to relinquish his position after a management shake-up of the company whose fortunes have in recent years dipped sharply. “The company is entering a new phase, from family-owned, family-managed, to institutional investor representation, to separation of management and board roles,” Mr Paunrana said in interview. In a letter, Mr Paunrana sought to assure shareholders and ARM staff that better days lay ahead for the company. “As founder shareholder and entrepreneur, I will be an active board member and support the incoming CEO and the management team in strengthening stakeholder relationships with suppliers, customers and the government in all the three East African countries where we operate,” he said. Mr Paunrana sought to play down his exit in the Business Daily interview, even as observers reflected on the remarkable fall from glory of one of Kenya’s most prominent business families. “This is as per plan, as most founders employ (ha ha ha!) professional CEOs to run the day-to-day operations,” he said Thursday from the UK where he has travelled for business. Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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VituVingiSana wrote:obiero wrote:xxxxx wrote:They promised to update us fully within 90 days of 31st May...therefore 31 August is their set timeline. But I'm reading that Paunrana sent a letter to sshareholders talking about his stepping down...... https://kenyanwallstreet.com/?p=23364
Either way, given that CDC has for starters disbursed the $4M for working capital, there's still lots of money to be made here by investors who appreciate that the share has been de-risked significantly. However, @Obiero must stay away.....still too risky for u I'm away. But happy for those who are in the money NDAAAAANIIIIIfike 10. My logic (props to @xxxx and @fyatu) is that the NAV was 23/- at the end of FY 2017 but let's write down losses for FY 2018 and other clean-ups and payouts to the management. Let's say this is 13/- so we end up at 10/- but with an improving environment in TZ, a Strategic Investor could step in at 10/- within 2 years. Karibu sana VVS. I am yet to receive the purported letter and really hope that TZ problems have been resolved Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/23/2009 Posts: 14,226 Location: nairobi
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Fyatu wrote:VituVingiSana wrote:obiero wrote:xxxxx wrote:They promised to update us fully within 90 days of 31st May...therefore 31 August is their set timeline. But I'm reading that Paunrana sent a letter to sshareholders talking about his stepping down...... https://kenyanwallstreet.com/?p=23364
Either way, given that CDC has for starters disbursed the $4M for working capital, there's still lots of money to be made here by investors who appreciate that the share has been de-risked significantly. However, @Obiero must stay away.....still too risky for u I'm away. But happy for those who are in the money NDAAAAANIIIIIfike 10. My logic (props to @xxxx and @fyatu) is that the NAV was 23/- at the end of FY 2017 but let's write down losses for FY 2018 and other clean-ups and payouts to the management. Let's say this is 13/- so we end up at 10/- but with an improving environment in TZ, a Strategic Investor could step in at 10/- within 2 years. Karibu sana VVS. I am yet to receive the purported letter and really hope that TZ problems have been resolved In the words of @vvs hope is not an investment strategy
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Rank: Veteran Joined: 4/23/2014 Posts: 931
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obiero wrote:Fyatu wrote:VituVingiSana wrote:obiero wrote:xxxxx wrote:They promised to update us fully within 90 days of 31st May...therefore 31 August is their set timeline. But I'm reading that Paunrana sent a letter to sshareholders talking about his stepping down...... https://kenyanwallstreet.com/?p=23364
Either way, given that CDC has for starters disbursed the $4M for working capital, there's still lots of money to be made here by investors who appreciate that the share has been de-risked significantly. However, @Obiero must stay away.....still too risky for u I'm away. But happy for those who are in the money NDAAAAANIIIIIfike 10. My logic (props to @xxxx and @fyatu) is that the NAV was 23/- at the end of FY 2017 but let's write down losses for FY 2018 and other clean-ups and payouts to the management. Let's say this is 13/- so we end up at 10/- but with an improving environment in TZ, a Strategic Investor could step in at 10/- within 2 years. Karibu sana VVS. I am yet to receive the purported letter and really hope that TZ problems have been resolved In the words of @vvs hope is not an investment strategy is there a specific reason for the price increase or is it being caused by some clowns playing the market ? “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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HaMaina wrote:obiero wrote:Fyatu wrote:VituVingiSana wrote:obiero wrote:xxxxx wrote:They promised to update us fully within 90 days of 31st May...therefore 31 August is their set timeline. But I'm reading that Paunrana sent a letter to sshareholders talking about his stepping down...... https://kenyanwallstreet.com/?p=23364
Either way, given that CDC has for starters disbursed the $4M for working capital, there's still lots of money to be made here by investors who appreciate that the share has been de-risked significantly. However, @Obiero must stay away.....still too risky for u I'm away. But happy for those who are in the money NDAAAAANIIIIIfike 10. My logic (props to @xxxx and @fyatu) is that the NAV was 23/- at the end of FY 2017 but let's write down losses for FY 2018 and other clean-ups and payouts to the management. Let's say this is 13/- so we end up at 10/- but with an improving environment in TZ, a Strategic Investor could step in at 10/- within 2 years. Karibu sana VVS. I am yet to receive the purported letter and really hope that TZ problems have been resolved In the words of @vvs hope is not an investment strategy is there a specific reason for the price increase or is it being caused by some clowns playing the market ? Paunrama has stepped down as CEO. CDC will pump in some more cash into the business and they are looking for a new man to turn around ARM. This is causing excitement in the market.Its more of short term gains rather than long term. It will take time for this business to pick up from where it stands. This development has brought some cheers into the construction segment of NSE which was very gloomy.Bamburi and Eapc are still in dooldrums. Towards the goal of financial freedom
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