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ARM Cement HY18
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Ebenyo
#91 Posted : Wednesday, May 22, 2019 4:40:46 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Fyatu wrote:
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).


Sad pole @fyatu.Have you received any information from Atlas company of Carl Esprey? But take heart cause it's not over with ARM.The national cement might decide to continue the business.
Towards the goal of financial freedom
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Fyatu
#92 Posted : Wednesday, May 22, 2019 5:03:39 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Ebenyo wrote:
Fyatu wrote:
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).


Sad pole @fyatu.Have you received any information from Atlas company of Carl Esprey? But take heart cause it's not over with ARM.The national cement might decide to continue the business.


The last time i heard from Carl Esprey is when he wrote a letter describing the sale of the chancho project to some investors. He also spoke of getting into betting machines in South Africa etc. As well as winding up Atlas where he would share with shareholders the remaining crumbs. Never heard from him since.

ARM can do the same. Write a "kwaheri ya kuonana" circular and we shall heal.
Dumb money becomes dumb only when it listens to smart money
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omega
#93 Posted : Wednesday, May 22, 2019 9:10:32 PM
Rank: Member

Joined: 6/9/2009
Posts: 85
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VituVingiSana
#94 Posted : Wednesday, May 22, 2019 9:32:48 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
I hope this thread doesn't become another KQ-like thread.
Discussions and discussions about a dead horse! Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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jgithige
#95 Posted : Thursday, May 23, 2019 5:00:53 PM
Rank: Member

Joined: 7/10/2014
Posts: 145
Location: Nairobi
Fyatu wrote:
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).


Laughing out loudly Laughing out loudly Muhindi vs Muhindi.
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Ericsson
#96 Posted : Friday, May 24, 2019 9:19:00 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
National Cement to invest $36mn in ARM after acquiring its assets
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#97 Posted : Friday, May 24, 2019 10:31:22 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
National Cement to invest $36mn in ARM after acquiring its assets


How now? You are giving ARM shareholders false hope.
Life is short. Live passionately.
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VituVingiSana
#98 Posted : Friday, May 24, 2019 10:42:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
sparkly wrote:
Ericsson wrote:
National Cement to invest $36mn in ARM after acquiring its assets


How now? You are giving ARM shareholders false hope.
How so? This investment is post-acquisition. Surely, most ARM shareholders understand this doesn't benefit them.

If Rubis invests $10mn to revamp the KK stations, it means nothing to former KK shareholders.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#99 Posted : Friday, May 24, 2019 11:30:40 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
National Cement to invest $36mn in ARM after acquiring its assets


How now? You are giving ARM shareholders false hope.
How so? This investment is post-acquisition. Surely, most ARM shareholders understand this doesn't benefit them.

If Rubis invests $10mn to revamp the KK stations, it means nothing to former KK shareholders.


It should read NC to invest $36mn in assets acquired from ARM.
Life is short. Live passionately.
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littledove
#100 Posted : Monday, May 27, 2019 9:39:12 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky

is somebody giving investors false hope?



https://kenyanwallstreet.com/arm-shareholders-could-get-ksh10-42-per-share-from-the-sale-of-the-company/
Going by SBG’s calculations, assuming ARM sells off its Kenyan, Tanzanian, Rwandan, and South African businesses net of all debt, investors could earn $100 million (KSh10.1 billion) which roughly equates to KSh10.42 per share.
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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