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ARM Cement HY18
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nairobby
#81 Posted : Wednesday, May 22, 2019 12:09:04 PM
Rank: Member

Joined: 1/18/2019
Posts: 185
Location: kenya
The fact that Devki got ARM's Kenya assets at a paltry 5 billion is very telling. There must be some vested interests from above here.
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littledove
#82 Posted : Wednesday, May 22, 2019 12:53:03 PM
Rank: Veteran

Joined: 7/1/2014
Posts: 928
Location: sky
https://www.businessdailyafrica.com/news/Cement-tycoon-in-Sh5bn-buyout-of-collapsed-ARM/539546-5126436-8hw95ez/index.html
“Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”
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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xxxxx
#83 Posted : Wednesday, May 22, 2019 12:55:36 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
obiero wrote:
sparkly wrote:
the deal wrote:
Burned beyond recognition....in KQ the lenders are shareholders...They can't pull such a stunt...we are in it together...smile


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.

1. What is a government guarantee?
2. KLM Heathrow additional slot is currently used by KQ as the 'inkind' KLM contributions.. With the JV still being active

But today we are here to mourn ARM. Let us give our last respects without drama


@obiero

ARM is a better investment prospect than KQ. It all boils down to price.

Moreover if the below is factual, we'll be laughing all the way to the bankLaughing out loudly

Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”
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the deal
#84 Posted : Wednesday, May 22, 2019 1:27:21 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
ARM CEMENT IS DEAD...You will be luck to get even 1bob per share...just do the math Laughing out loudly Laughing out loudly Laughing out loudly
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xxxxx
#85 Posted : Wednesday, May 22, 2019 1:45:17 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
the deal wrote:
ARM CEMENT IS DEAD...You will be luck to get even 1bob per share...just do the math Laughing out loudly Laughing out loudly Laughing out loudly


Be sure we wrote ARM off in the books 100%. That's the main difference between arm shareholders and KQ shareholders

However, the prospect s of arm as a going concern are much much better than those of KQ. At the ratekqq is generating negative equity; u will be lucky to get anything back even if you contribute to its further recapitalizations that are on that cardsLaughing out loudly

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obiero
#86 Posted : Wednesday, May 22, 2019 1:49:27 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,302
Location: nairobi
xxxxx wrote:
obiero wrote:
sparkly wrote:
the deal wrote:
Burned beyond recognition....in KQ the lenders are shareholders...They can't pull such a stunt...we are in it together...smile


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.

1. What is a government guarantee?
2. KLM Heathrow additional slot is currently used by KQ as the 'inkind' KLM contributions.. With the JV still being active

But today we are here to mourn ARM. Let us give our last respects without drama


@obiero

ARM is a better investment prospect than KQ. It all boils down to price.

Moreover if the below is factual, we'll be laughing all the way to the bankLaughing out loudly

Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”


Let us meet on the KQ thread.. People are mourning here. This is not the best place to discuss
COOP, IMH, KEGN, KQ, MTNU
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xxxxx
#87 Posted : Wednesday, May 22, 2019 2:04:51 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
obiero wrote:
xxxxx wrote:
obiero wrote:
sparkly wrote:
the deal wrote:
Burned beyond recognition....in KQ the lenders are shareholders...They can't pull such a stunt...we are in it together...smile


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.

1. What is a government guarantee?
2. KLM Heathrow additional slot is currently used by KQ as the 'inkind' KLM contributions.. With the JV still being active

But today we are here to mourn ARM. Let us give our last respects without drama


@obiero

ARM is a better investment prospect than KQ. It all boils down to price.

Moreover if the below is factual, we'll be laughing all the way to the bankLaughing out loudly

Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”


Let us meet on the KQ thread.. People are mourning here. This is not the best place to discuss

Laughing out loudly Laughing out loudly very silly Laughing out loudly Laughing out loudly
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sparkly
#88 Posted : Wednesday, May 22, 2019 2:53:34 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
xxxxx wrote:
the deal wrote:
ARM CEMENT IS DEAD...You will be luck to get even 1bob per share...just do the math Laughing out loudly Laughing out loudly Laughing out loudly


Be sure we wrote ARM off in the books 100%. That's the main difference between arm shareholders and KQ shareholders

However, the prospect s of arm as a going concern are much much better than those of KQ. At the ratekqq is generating negative equity; u will be lucky to get anything back even if you contribute to its further recapitalizations that are on that cardsLaughing out loudly



@xxxxx pole sana. ARM died and the morticians are carrying out the final rites. KQ, Mumias, HAFR are in ICU barely breathing. They might pull through or not.
Life is short. Live passionately.
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nairobby
#89 Posted : Wednesday, May 22, 2019 3:18:04 PM
Rank: Member

Joined: 1/18/2019
Posts: 185
Location: kenya
#TBT Paunrana seems like a fairly competent guy here. Sad how it all went to shit https://www.youtube.com/watch?v=4lV6busyoPU
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Fyatu
#90 Posted : Wednesday, May 22, 2019 3:59:47 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
littledove wrote:
https://www.businessdailyafrica.com/news/Cement-tycoon-in-Sh5bn-buyout-of-collapsed-ARM/539546-5126436-8hw95ez/index.html
“Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”



I still insist that a circular to shareholders should be circulated detailing how this carcass has been decimated by the scavengers. Even after death a verbal autopsy is required for closure.

To be honest i have been hit hard. This is a major impairment to my life savings/capital(> 0.5 million bob). It is very painful. Paunrana can do shareholders a great deal by doing an interview providing details(some sort of requiem mass).
Dumb money becomes dumb only when it listens to smart money
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