Wazua
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ARM HY2017
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Have the 21 days extension not elapsed? Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 3/20/2008 Posts: 503
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Fyatu wrote:Have the 21 days extension not elapsed? Friday 27th
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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xxxxx wrote:Fyatu wrote:Have the 21 days extension not elapsed? Friday 27th 27th October is on Saturday, means likely to resume on Monday 29 There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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littledove wrote:xxxxx wrote:Fyatu wrote:Have the 21 days extension not elapsed? Friday 27th 27th October is on Saturday, means likely to resume on Monday 29 Incompetent CMA, wait for extension. 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: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Apparently, the "administrators" have the go-ahead to find a strategic investor or sell the assets. This will be interesting. If ARM is sold soon as a going concern there may be a possibility of writing back some portion of the NPL but only if they move very, very fast! https://www.businessdail...19302-kv1p0x/index.html
Creditors of ARM Cement on Tuesday voted to give the company’s administrators PricewaterhouseCoopers (PwC) up to September 2019 to implement several options of resolving its debt including selling assets and disposing of the entire company.
“We are looking at various options including getting strategic investors, selling assets and the whole company.”
BUT I will not hold my breath on this since I am busy waiting for Rubis to send me my chq! In the meantime, ARM remains in my NPA column as a fully provided for investment. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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VituVingiSana wrote:Apparently, the "administrators" have the go-ahead to find a strategic investor or sell the assets. This will be interesting. If ARM is sold soon as a going concern there may be a possibility of writing back some portion of the NPL but only if they move very, very fast! https://www.businessdail...19302-kv1p0x/index.html
Creditors of ARM Cement on Tuesday voted to give the company’s administrators PricewaterhouseCoopers (PwC) up to September 2019 to implement several options of resolving its debt including selling assets and disposing of the entire company.
“We are looking at various options including getting strategic investors, selling assets and the whole company.”
BUT I will not hold my breath on this since I am busy waiting for Rubis to send me my chq! In the meantime, ARM remains in my NPA column as a fully provided for investment. Hahaha. Even me I have taken your strategy and fully "provided" for KQ.. Whatever that means
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/20/2008 Posts: 503
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Rank: Member Joined: 3/8/2018 Posts: 507 Location: Nairobi
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sparkly wrote:littledove wrote:https://af.reuters.com/article/investingNews/idAFKCN1MW1KK-OZABSThe level of leverage is significant so what we are seeking to do is to get approval to run a transaction process, aimed at disposing a subsidiary or certain assets to bring cash to reduce the debt,” Weru said. “In the meantime we recommend that operations are continued and therefore we are also seeking permission to engage financiers for capital.” Exactly what Paunrana was working on. Consultants are paid millions to tell the world the obvious. Tomorrow's paper: PwC chiefs earn Sh43,000 an hour for troubled ARM job. Get a copy of Friday's @BD_Africa
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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rwitre wrote:sparkly wrote:littledove wrote:https://af.reuters.com/article/investingNews/idAFKCN1MW1KK-OZABSThe level of leverage is significant so what we are seeking to do is to get approval to run a transaction process, aimed at disposing a subsidiary or certain assets to bring cash to reduce the debt,” Weru said. “In the meantime we recommend that operations are continued and therefore we are also seeking permission to engage financiers for capital.” Exactly what Paunrana was working on. Consultants are paid millions to tell the world the obvious. Tomorrow's paper: PwC chiefs earn Sh43,000 an hour for troubled ARM job. Get a copy of Friday's @BD_Africa That one will be an interesting read for @xxxx and vvs. Phew!¡ ,Behold, a sower went forth to sow;....
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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ARM creditors' Sh3.1bn underwater, says PwC https://www.businessdail...22774-4suqqz/index.html
Not one of my best investing decisions but like Warren Buffett says: You can't hit every ball out of the park  The good thing for my portfolio is that the "Core Holdings" have more than covered my embarrassing losses!  Lesson learnt  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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rwitre wrote:sparkly wrote:littledove wrote:https://af.reuters.com/article/investingNews/idAFKCN1MW1KK-OZABSThe level of leverage is significant so what we are seeking to do is to get approval to run a transaction process, aimed at disposing a subsidiary or certain assets to bring cash to reduce the debt,” Weru said. “In the meantime we recommend that operations are continued and therefore we are also seeking permission to engage financiers for capital.” Exactly what Paunrana was working on. Consultants are paid millions to tell the world the obvious. Tomorrow's paper: PwC chiefs earn Sh43,000 an hour for troubled ARM job. Get a copy of Friday's @BD_Africa Bogus PWC chiefs masquerading as saviours as if they'll resurrect the firm from its financial troubles. Where were they hiding when the firm was going under? Nkt. ... John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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Spikes wrote:rwitre wrote:sparkly wrote:littledove wrote:https://af.reuters.com/article/investingNews/idAFKCN1MW1KK-OZABSThe level of leverage is significant so what we are seeking to do is to get approval to run a transaction process, aimed at disposing a subsidiary or certain assets to bring cash to reduce the debt,” Weru said. “In the meantime we recommend that operations are continued and therefore we are also seeking permission to engage financiers for capital.” Exactly what Paunrana was working on. Consultants are paid millions to tell the world the obvious. Tomorrow's paper: PwC chiefs earn Sh43,000 an hour for troubled ARM job. Get a copy of Friday's @BD_Africa Bogus PWC chiefs masquerading as saviours as if they'll resurrect the firm from its financial troubles. Where were they hiding when the firm was going under? Nkt. ... Very bogus move whose tab is being picked up by ARM
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: New-farer Joined: 6/10/2013 Posts: 52
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As much as the PWC fees seem high, surely they are cheaper than what the directors were getting paid?
Now seems to be a good time for Dangote to swoop and acquire the firm on the cheap. Shareholders surely will be happy to see upwards of 10 bob a share compared to what CDC paid for a share.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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smitha wrote:As much as the PWC fees seem high, surely they are cheaper than what the directors were getting paid?
Now seems to be a good time for Dangote to swoop and acquire the firm on the cheap. Shareholders surely will be happy to see upwards of 10 bob a share compared to what CDC paid for a share.
Except for Paunrana, the rest of the management may still be around and getting paid for twiddling their thumbs. The "problem" is the low production due to lack of cash means it still makes an operating loss. I am not sure what happened between CDC and the Banks but Paunrana hinted at it in an interview. 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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muandiwambeu wrote:rwitre wrote:sparkly wrote:littledove wrote:https://af.reuters.com/article/investingNews/idAFKCN1MW1KK-OZABSThe level of leverage is significant so what we are seeking to do is to get approval to run a transaction process, aimed at disposing a subsidiary or certain assets to bring cash to reduce the debt,” Weru said. “In the meantime we recommend that operations are continued and therefore we are also seeking permission to engage financiers for capital.” Exactly what Paunrana was working on. Consultants are paid millions to tell the world the obvious. Tomorrow's paper: PwC chiefs earn Sh43,000 an hour for troubled ARM job. Get a copy of Friday's @BD_Africa That one will be an interesting read for @xxxx and vvs. Phew!¡ Chief, there's nothing new that I can glean off these new events. As someone stated up there, whatever is happening is exactly what Paunrana was already doing. Always try as much as possible to get your entry price right when investing in "work-outs" You will sleep quite well at night.
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Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
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smitha wrote:As much as the PWC fees seem high, surely they are cheaper than what the directors were getting paid?
Now seems to be a good time for Dangote to swoop and acquire the firm on the cheap. Shareholders surely will be happy to see upwards of 10 bob a share compared to what CDC paid for a share.
After paying off the debts the outstanding value for ARM will be peanuts. Don't confuse ARM value with KK Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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xxxxx wrote:muandiwambeu wrote:rwitre wrote:sparkly wrote:littledove wrote:https://af.reuters.com/article/investingNews/idAFKCN1MW1KK-OZABSThe level of leverage is significant so what we are seeking to do is to get approval to run a transaction process, aimed at disposing a subsidiary or certain assets to bring cash to reduce the debt,” Weru said. “In the meantime we recommend that operations are continued and therefore we are also seeking permission to engage financiers for capital.” Exactly what Paunrana was working on. Consultants are paid millions to tell the world the obvious. Tomorrow's paper: PwC chiefs earn Sh43,000 an hour for troubled ARM job. Get a copy of Friday's @BD_Africa That one will be an interesting read for @xxxx and vvs. Phew!¡ Chief, there's nothing new that I can glean off these new events. As someone stated up there, whatever is happening is exactly what Paunrana was already doing. Always try as much as possible to get your entry price right when investing in "work-outs" You will sleep quite well at night. BusinessDailyAfrica wrote: Troubled ARM Cement’s administrators, PricewaterhouseCoopers (PwC), have billed the company a total of Sh73.5 million in fees since their appointment on August 17, according to disclosures made by the advisory firm.
A PwC report on the affairs of the cement maker shows that the consultancy firm charged a fee of $650,000 (Sh65.6 million) for the first three months of their one-year mandate. Life is short. Live passionately.
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Rank: New-farer Joined: 6/10/2013 Posts: 52
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Anyone know whether suspension has been lifted or extended?
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Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
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smitha wrote:Anyone know whether suspension has been lifted or extended? Forget the counter Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 6/10/2013 Posts: 52
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Deliberate ploy to cripple ARM and buy it on the cheap? https://www.tuko.co.ke/2...ses-eyebrows.html#290240
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