What is the asset base of the tanzania subsidiary and its share of debt

1. Only local lenders became shareholders. KQ is still indebted to international lenders like American EXIM Bank. GoK had to issue new guarantees to the international lenders. If KQ doesn't pay, the international lenders will just seize the leased assets (planes) wherever they will be. Easier now since KQ flies to the US.

2. Paunrana and CDC did the right. If a monkey is dead, leave it for the vultures. You might salvage a few bones after the vultures are done. Its the essence of insolvency/ bankruptcy protection laws. GoK should follow suit and let KQ die. KLM was sensible not to pump more capital into a dead monkey.

In the both results for full year 2017 and HY 18,it was not stated separately.It was generalised together.
Its only the maweni subsidiary debt of 21 billion that was disclosed late after HY results that was stated separately.

Only in theory

From this thread and the Centum thread, you have some trouble reconciling "Company" and "Group" structures. Do not worry, it comes with time. Practice. Practice. Practice. And ask questions.
May I suggest you download the Annual Report and read the Notes. Not just for ARM but also Centum. Do so for the banks that have significant foreign operations eg I&M and Equity.

Banks do separate group and company results.
Im not seeing the other companies doing the same.They lump together.
Otherwise I'm still learning to analyse stocks fundamentally and technically.I agree it will take time.

may be dangote will end up with the tanzania unit, but the administrators are very scanty with information.
They have just announced devki group will buy kenyan subsidiary at 5 billion while omans rysut offer was 10.2billion for 70% (and may be other bigger offers we as shareholders dont know about), does that mean tanzania subsidiary will fetch more than 7billion for the two offers to be above omans raysut? any way vile naona hii pesa yetu ikizungukazunguka karibu na mto inaelekea kunyua maji

There is a lesson to be learnt.

I use an investment process.
I run the visible variables through it. The numbers from the Annual Report. And other data from other published sources. And my assumptions gleaned from experience, newspapers, visits, etc.

I have tweaked my process since ARM but that doesn't mean the process was fundamentally flawed. After all it also led to KK.
And has done so to KenRe, Unga and Centum. I am quite comfortable with these.

"Long ago, Ben Graham taught me that 'Price is what you pay; value is what you get.' Whether we're talking about socks or stocks, I like buying quality merchandise when it is marked down." - Warren Buffett

No, I do NOT get every call right. I just need to get a few (significant/core) calls right. Someone who claims to be 100% right should be a billionaire many times over. So if I start waxing lyrical about getting ALL my calls right, please call me out.

Data I used included:
- CDC investing $50mn into ARM which, apparently, they did not. The irony is that 2 years later that's what NCC/Devki is paying for ALL of ARM's Kenyan assets.
- The NAV. I did apply a significant discount.
- The economy. There was a light at the end of the tunnel but the tunnel, as it turned out, was very long.
- Change in the board and management was imminent. There were new directors and a new Chairman ready to go. Also a new CEO.

The process also takes into account the type of investment. I do not go from "nothing to Core" but usually build it up over time.
From nothing to Tier 3 - Total Tier 3 is less than 5% of my portfolio
Tier 3 to Tier 2 - Learning more about the firm/s. Going to AGMs. Reading a lot more. They may get stuck in limbo here. I need to learn when to sell.
Tier 2 to Core - That's where I have what some call "conviction"

Then I wait and monitor. This is where it gets boring but I am old so I don't want too much excitement. There may be good and bad quarters/halves. But there is little going on except making steady gains. The firms chug along. Monitoring and Patience are key. And even then one may get it wrong since complacency may set in.

I think the announcement that CDC would invest $50mn was the most important factor but until the money is disbursed do not believe it. This is an IMPORTANT lesson I have learnt.