Wazua
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ARM HY2017
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:VituVingiSana wrote:littledove wrote:https://www.businessdailyafrica.com/news/Dangote-in-race-to-buy-troubled-ARM-Cement/539546-4842116-view-asAMP-ksxd19/index.htmlPwC said the process of selling ARM or part of its assets was being handled by South African banking giant Absa, which was appointed as the transaction adviser. “Various parties have been in contact with the administrators expressing interest in the company’s businesses and assets in both Kenya and Tanzania,” the administrators said in a report to ARM’s creditors. “The transaction roadmap that has been agreed with Absa envisages receipt of binding offers by the end of January 2019.”
PwC will be able to receive more bids until December 3, after which shortlisted firms will be allowed to start their due diligence, including interviewing management.  I will have my hands full signing sale/offer documents in 2019! KK, and possibly Unga. Perhaps even ARM. Will there be anything left for ordinary shareholders 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: 13,519 Location: nairobi
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VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:littledove wrote:https://www.businessdailyafrica.com/news/Dangote-in-race-to-buy-troubled-ARM-Cement/539546-4842116-view-asAMP-ksxd19/index.htmlPwC said the process of selling ARM or part of its assets was being handled by South African banking giant Absa, which was appointed as the transaction adviser. “Various parties have been in contact with the administrators expressing interest in the company’s businesses and assets in both Kenya and Tanzania,” the administrators said in a report to ARM’s creditors. “The transaction roadmap that has been agreed with Absa envisages receipt of binding offers by the end of January 2019.”
PwC will be able to receive more bids until December 3, after which shortlisted firms will be allowed to start their due diligence, including interviewing management. I will have my hands full signing sale/offer documents in 2019! KK, and possibly Unga. Perhaps even ARM. Will there be anything left for ordinary shareholders Hallucinations. ARM will have nothing left
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:littledove wrote:https://www.businessdailyafrica.com/news/Dangote-in-race-to-buy-troubled-ARM-Cement/539546-4842116-view-asAMP-ksxd19/index.htmlPwC said the process of selling ARM or part of its assets was being handled by South African banking giant Absa, which was appointed as the transaction adviser. “Various parties have been in contact with the administrators expressing interest in the company’s businesses and assets in both Kenya and Tanzania,” the administrators said in a report to ARM’s creditors. “The transaction roadmap that has been agreed with Absa envisages receipt of binding offers by the end of January 2019.”
PwC will be able to receive more bids until December 3, after which shortlisted firms will be allowed to start their due diligence, including interviewing management. I will have my hands full signing sale/offer documents in 2019! KK, and possibly Unga. Perhaps even ARM. Will there be anything left for ordinary shareholders Hallucinations. ARM will have nothing left On ARM, whatever I may get will be like the expensive toy behind the window we admire but know we are unlikely to get. I wrote it off after 2 days of angst but just like that girl that got away but who we think of once in a while, even when we are in a happy relationship. ARM was a mpango for me. It was exciting. Lakini, nimerudi nyumbani to my boring KK, Unga, KenRe na kadhalika. 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: 13,519 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:littledove wrote:https://www.businessdailyafrica.com/news/Dangote-in-race-to-buy-troubled-ARM-Cement/539546-4842116-view-asAMP-ksxd19/index.htmlPwC said the process of selling ARM or part of its assets was being handled by South African banking giant Absa, which was appointed as the transaction adviser. “Various parties have been in contact with the administrators expressing interest in the company’s businesses and assets in both Kenya and Tanzania,” the administrators said in a report to ARM’s creditors. “The transaction roadmap that has been agreed with Absa envisages receipt of binding offers by the end of January 2019.”
PwC will be able to receive more bids until December 3, after which shortlisted firms will be allowed to start their due diligence, including interviewing management. I will have my hands full signing sale/offer documents in 2019! KK, and possibly Unga. Perhaps even ARM. Will there be anything left for ordinary shareholders Hallucinations. ARM will have nothing left On ARM, whatever I may get will be like the expensive toy behind the window we admire but know we are unlikely to get. I wrote it off after 2 days of angst but just like that girl that got away but who we think of once in a while, even when we are in a happy relationship. ARM was a mpango for me. It was exciting. Lakini, nimerudi nyumbani to my boring KK, Unga, KenRe na kadhalika. Your adventure at KK and UNGA is not quite different from mine at KQ
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:littledove wrote:https://www.businessdailyafrica.com/news/Dangote-in-race-to-buy-troubled-ARM-Cement/539546-4842116-view-asAMP-ksxd19/index.htmlPwC said the process of selling ARM or part of its assets was being handled by South African banking giant Absa, which was appointed as the transaction adviser. “Various parties have been in contact with the administrators expressing interest in the company’s businesses and assets in both Kenya and Tanzania,” the administrators said in a report to ARM’s creditors. “The transaction roadmap that has been agreed with Absa envisages receipt of binding offers by the end of January 2019.”
PwC will be able to receive more bids until December 3, after which shortlisted firms will be allowed to start their due diligence, including interviewing management. I will have my hands full signing sale/offer documents in 2019! KK, and possibly Unga. Perhaps even ARM. Will there be anything left for ordinary shareholders Hallucinations. ARM will have nothing left On ARM, whatever I may get will be like the expensive toy behind the window we admire but know we are unlikely to get. I wrote it off after 2 days of angst but just like that girl that got away but who we think of once in a while, even when we are in a happy relationship. ARM was a mpango for me. It was exciting. Lakini, nimerudi nyumbani to my boring KK, Unga, KenRe na kadhalika. Your adventure at KK and UNGA is not quite different from mine at KQ Very different. The takeovers, while welcome, are not necessary. The Intrinsic Value of KK and Unga are positive (vs my investment cost). I also get decent (not spectacular) dividends from both. Add decent prospects of growth for the near future. Marathon runners who do stumble once in a while but get up and continue. "Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value," Buffett wrote in his 1996 letter to shareholders. "If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes." - Warren Buffett I am comfortable holding Unga, KK and I&M for the next 10 years. KenRe too, if the politicians stay out of it. Back to the ARM which needs a Strategic Investor, with cash, but the current shareholders may not be part of the turnaround. 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: 13,519 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:littledove wrote:https://www.businessdailyafrica.com/news/Dangote-in-race-to-buy-troubled-ARM-Cement/539546-4842116-view-asAMP-ksxd19/index.htmlPwC said the process of selling ARM or part of its assets was being handled by South African banking giant Absa, which was appointed as the transaction adviser. “Various parties have been in contact with the administrators expressing interest in the company’s businesses and assets in both Kenya and Tanzania,” the administrators said in a report to ARM’s creditors. “The transaction roadmap that has been agreed with Absa envisages receipt of binding offers by the end of January 2019.”
PwC will be able to receive more bids until December 3, after which shortlisted firms will be allowed to start their due diligence, including interviewing management. I will have my hands full signing sale/offer documents in 2019! KK, and possibly Unga. Perhaps even ARM. Will there be anything left for ordinary shareholders Hallucinations. ARM will have nothing left On ARM, whatever I may get will be like the expensive toy behind the window we admire but know we are unlikely to get. I wrote it off after 2 days of angst but just like that girl that got away but who we think of once in a while, even when we are in a happy relationship. ARM was a mpango for me. It was exciting. Lakini, nimerudi nyumbani to my boring KK, Unga, KenRe na kadhalika. Your adventure at KK and UNGA is not quite different from mine at KQ Very different. The takeovers, while welcome, are not necessary. The Intrinsic Value of KK and Unga are positive (vs my investment cost). I also get decent (not spectacular) dividends from both. Add decent prospects of growth for the near future. Marathon runners who do stumble once in a while but get up and continue. "Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value," Buffett wrote in his 1996 letter to shareholders. "If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes." - Warren Buffett I am comfortable holding Unga, KK and I&M for the next 10 years. KenRe too, if the politicians stay out of it. Back to the ARM which needs a Strategic Investor, with cash, but the current shareholders may not be part of the turnaround. There is something known as picking the bottom. KQ is known to everyone as a loss making entity but whether it will remain loss making in the years to come is debatable.. Incase KQ posts a profit, will it's price remain at circa KES 12 which is the current fair value?
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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@Obiero - If I ever list a firm and I need someone to fire up the suckers, I mean investors, I will hire you. I have never seen anyone with so much enthusiasm and staying power for a firm that has wiped out 100bn+ in 5 years, has no chance of making a real profit in the near future (FY 2018) and run by folks who have no significant skin in the game. [Not MJ, SM, pilots, crew, engineers] 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: 13,519 Location: nairobi
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VituVingiSana wrote:@Obiero - If I ever list a firm and I need someone to fire up the suckers, I mean investors, I will hire you. I have never seen anyone with so much enthusiasm and staying power for a firm that has wiped out 100bn+ in 5 years, has no chance of making a real profit in the near future (FY 2018) and run by folks who have no significant skin in the game. [Not MJ, SM, pilots, crew, engineers] KQ even without Michael Joseph, Sebastian Mikosz, Martin Oduor Otieno, remains a company that has been in existence over 40 years with deep institutional memory. Labelling KQ a failed firm is inappropriate and unwarranted. Only Naikuni planned for KQ demise, but he was unsuccessful
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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obiero wrote:VituVingiSana wrote:@Obiero - If I ever list a firm and I need someone to fire up the suckers, I mean investors, I will hire you. I have never seen anyone with so much enthusiasm and staying power for a firm that has wiped out 100bn+ in 5 years, has no chance of making a real profit in the near future (FY 2018) and run by folks who have no significant skin in the game. [Not MJ, SM, pilots, crew, engineers] KQ even without Michael Joseph, Sebastian Mikosz, Martin Oduor Otieno, remains a company that has been in existence over 40 years with deep institutional memory. Labelling KQ a failed firm is inappropriate and unwarranted. Only Naikuni planned for KQ demise, but he was unsuccessful KenolKobil: 13th May 1959 [59 years] Unga: 1908 [110 years] 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: 13,519 Location: nairobi
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VituVingiSana wrote:@Obiero - If I ever list a firm and I need someone to fire up the suckers, I mean investors, I will hire you. I have never seen anyone with so much enthusiasm and staying power for a firm that has wiped out 100bn+ in 5 years, has no chance of making a real profit in the near future (FY 2018) and run by folks who have no significant skin in the game. [Not MJ, SM, pilots, crew, engineers] KQ even without Michael Joseph, Sebastian Mikosz, Martin Oduor Otieno, remains a company that has been in existence over 40 years with deep institutional memory. Labelling KQ a failed firm is inappropriate and unwarranted. Only Naikuni planned for KQ demise, but he was unsuccessful
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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VituVingiSana wrote:obiero wrote:VituVingiSana wrote:@Obiero - If I ever list a firm and I need someone to fire up the suckers, I mean investors, I will hire you. I have never seen anyone with so much enthusiasm and staying power for a firm that has wiped out 100bn+ in 5 years, has no chance of making a real profit in the near future (FY 2018) and run by folks who have no significant skin in the game. [Not MJ, SM, pilots, crew, engineers] KQ even without Michael Joseph, Sebastian Mikosz, Martin Oduor Otieno, remains a company that has been in existence over 40 years with deep institutional memory. Labelling KQ a failed firm is inappropriate and unwarranted. Only Naikuni planned for KQ demise, but he was unsuccessful KenolKobil: 13th May 1959 [59 years] Unga: 1908 [110 years] KCB 1896 .. Remove KK out of this discussion as it is a blood money firm, built on the sweat of hard working Kenyans who got swindled by the late
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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Looks like a done deal if awaiting regulatory approval? ARM Takeover 10 shs a share. Debt will be absorbed by the buyer: https://www.standardmedi...ut-of-arm-in-sh10b-deal
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Rank: New-farer Joined: 6/10/2013 Posts: 52
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Will there be a bidding war by Dangote and other third parties: https://www.businessdail...880816-h46eq5/index.html
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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[quote=smitha]Will there be a bidding war by Dangote and other third parties: https://www.businessdail...80816-h46eq5/index.html[/quote] It's a done deal as others wait for Rubis takeover. Shareholders it seems will get nothing from this deal as creditors take first priority Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Where does it say 10/- a share??
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Rank: New-farer Joined: 6/10/2013 Posts: 52
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Ericsson,
Creditors do not get first priority. It is an acquisition of ARM as a going concern as the acquisition is of shares at the reported value of KES 10 billion. There are 1 billion shares in issue so that equals 10 bob a share by my calculation.
As reported in the Article, the buyer absorbs the debt, my reading of that is that the buyer settles the debt separately once it acquires the shares.
DYOR
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Rank: New-farer Joined: 6/10/2013 Posts: 52
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I guess we will get more clarity in the next few days/weeks.
Hope it comes good for the private investors who bought ARM shares in good faith on the NSE.
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Rank: Elder Joined: 6/23/2009 Posts: 13,519 Location: nairobi
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smitha wrote:I guess we will get more clarity in the next few days/weeks.
Hope it comes good for the private investors who bought ARM shares in good faith on the NSE. Hope is not an investment strategy. Anyone who bought ARM shares in the past two years can be considered reckless.. And those who bought it three months before suspension are insane men and women. Sorry to say. All writing was on the wall
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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obiero wrote:smitha wrote:I guess we will get more clarity in the next few days/weeks.
Hope it comes good for the private investors who bought ARM shares in good faith on the NSE. Hope is not an investment strategy. Anyone who bought ARM shares in the past two years can be considered reckless.. And those who bought it three months before suspension are insane men and women. Sorry to say. All writing was on the wall I hope CDC Group will protect us the small shareholders  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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