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Ericsson		#31 Posted : Tuesday, May 21, 2019 9:56:47 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,816 Location: NAIROBI		maka wrote: Devki Group subsidiary National Cement enters into an agreement to acquire all cement and non-cement assets and business of ARM Cement PLC for Sh 5.0 Billion. The sale of the non-cement business collapsed. This is a good sale since it will result into consolidation/reduction in the number of cement companies in the country. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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FUNKY		#32 Posted : Tuesday, May 21, 2019 10:13:44 AM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		What will current shareholders get?
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Angelica _ann		#33 Posted : Tuesday, May 21, 2019 10:24:11 AM
Rank: Elder Joined: 12/7/2012 Posts: 11,936		FUNKY wrote: What will current shareholders get? Too early to say, ama? 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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VituVingiSana		#34 Posted : Tuesday, May 21, 2019 10:25:07 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,367 Location: Nairobi		FUNKY wrote: What will current shareholders get? Nothing. Banks like UBA will be first in line to get paid. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Fyatu		#35 Posted : Tuesday, May 21, 2019 10:39:17 AM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		maka wrote: Devki Group subsidiary National Cement enters into an agreement to acquire all cement and non-cement assets and business of ARM Cement PLC for Sh 5.0 Billion. Wapi link ndungu @Maka ?? I had suspected Devki would buy all my assets but not for a measly 5 billions. It is a Gujarati thing. Dumb money becomes dumb only when it listens to smart money
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littledove		#36 Posted : Tuesday, May 21, 2019 10:43:22 AM
Rank: Veteran Joined: 7/1/2014 Posts: 928 Location: sky		VituVingiSana wrote: FUNKY wrote: What will current shareholders get? Nothing. Banks like UBA will be first in line to get paid. The 5 billion applies to assets only which means it is the amount to be paid to shareholders 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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VituVingiSana		#37 Posted : Tuesday, May 21, 2019 11:07:37 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,367 Location: Nairobi		littledove wrote: VituVingiSana wrote: FUNKY wrote: What will current shareholders get? Nothing. Banks like UBA will be first in line to get paid. The 5 billion applies to assets only which means it is the amount to be paid to shareholders Do not hold your breath. Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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maka		#38 Posted : Tuesday, May 21, 2019 11:18:35 AM
Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi		Fyatu wrote: maka wrote: Devki Group subsidiary National Cement enters into an agreement to acquire all cement and non-cement assets and business of ARM Cement PLC for Sh 5.0 Billion. Wapi link ndungu @Maka ?? I had suspected Devki would buy all my assets but not for a measly 5 billions. It is a Gujarati thing. Post 11,001... 😊 Hii hapa... https://www.google.com/a...rm-cement-248610/%3famp possunt quia posse videntur
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littledove		#39 Posted : Tuesday, May 21, 2019 11:24:00 AM
Rank: Veteran Joined: 7/1/2014 Posts: 928 Location: sky		https://af.reuters.com/article/kenyaNews/idAFL5N22X16A NAIROBI, May 21 (Reuters) - The assets of Kenya’s ARM Cement have been sold to the National Cement Company for $50 million, its administrator said on Tuesday. ARM Cement was put under administration last August by some of its creditors over a $190 million debt and its shares were suspended from the Nairobi bourse. It has debts with a range of creditors, including local commercial banks. The transaction, which applies to ARM Cement’s Kenyan assets only, is subject to regulatory approvals, the statement from the administrator said. 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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Bishofu		#40 Posted : Tuesday, May 21, 2019 11:30:03 AM
Rank: New-farer Joined: 7/16/2018 Posts: 23		maka wrote: Fyatu wrote: maka wrote: Devki Group subsidiary National Cement enters into an agreement to acquire all cement and non-cement assets and business of ARM Cement PLC for Sh 5.0 Billion. Wapi link ndungu @Maka ?? I had suspected Devki would buy all my assets but not for a measly 5 billions. It is a Gujarati thing. Post 11,001... 😊 Hii hapa... https://www.google.com/a...rm-cement-248610/%3famp Kenyan assets only??? What of subsidiaries.. 5 Bob a share??
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