Wazua
»
Investor
»
Stocks
»
ARM Cement HY18
Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
|
VituVingiSana wrote:obiero wrote:VituVingiSana wrote:faa wrote:Fyatu wrote:jgithige wrote:FUNKY wrote:https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true This was a shambolic acquisition. Let's the mahakamas decide. What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors? https://www.businessdail...2698-33ifiez/index.html
https://t.co/vho2KM0YhV?amp=1
https://t.co/omZYw6n819?amp=1
I have a work colleague who lost 2M with this share, she had bought at Ksh 90.5 per share. Faida investment bank had recommended this year to some investors,including me.It was a strong buy to them, they had some tinker plant in TZ ,e.t.c I did not buy at 90 but I remember the hype back then. If things had gone according to plan: 1) Clinker plant completion on time 2) USD/TZS remaining stable 3) No drama from Magufuli regarding imported coal And other bleeding from a 1,000 cuts. Then ARM could have been way ahead of the competition but... You bought at KES 93.. I remember You are trying too hard to remain relevant. The KQ thread isn't exciting enough?  LOL.. You make me happy
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
What i need is closure and accurate reporting by CMA/journalists/administrators over this small matter. LINKThe article states that ARM assets are worth 9.2 billion(bei ya jioni). What beats me is what Paunrana is trying to do. Does he have a plan to pay the debt after getting back ARM assets? What if JS Rai won the court case? What will happen next? Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,908
|
Fyatu wrote:What i need is closure and accurate reporting by CMA/journalists/administrators over this small matter. LINKThe article states that ARM assets are worth 9.2 billion(bei ya jioni). What beats me is what Paunrana is trying to do. Does he have a plan to pay the debt after getting back ARM assets? What if JS Rai won the court case? What will happen next? CBK & KDIC does a good job on updates, comparatively!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
Angelica _ann wrote:Fyatu wrote:What i need is closure and accurate reporting by CMA/journalists/administrators over this small matter. LINKThe article states that ARM assets are worth 9.2 billion(bei ya jioni). What beats me is what Paunrana is trying to do. Does he have a plan to pay the debt after getting back ARM assets? What if JS Rai won the court case? What will happen next? CBK & KDIC does a good job on updates, comparatively!!! Why can't the journalist take their time and write one good and exhaustive article of whatever is happening regarding ARM sale? Though i appreciate Otiato's effort in th link above, i would have wished to read a better article giving more details of Paunrana & Rai consortium..How far the administrators are with the sale of TZ assets. Also what the creditors are saying so far. Will the 6.5 billion be enough to pay off the creditors that hired the administrators? etc Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
Fyatu wrote:Angelica _ann wrote:Fyatu wrote:What i need is closure and accurate reporting by CMA/journalists/administrators over this small matter. LINKThe article states that ARM assets are worth 9.2 billion(bei ya jioni). What beats me is what Paunrana is trying to do. Does he have a plan to pay the debt after getting back ARM assets? What if JS Rai won the court case? What will happen next? CBK & KDIC does a good job on updates, comparatively!!! Why can't the journalist take their time and write one good and exhaustive article of whatever is happening regarding ARM sale? Though i appreciate Otiato's effort in th link above, i would have wished to read a better article giving more details of Paunrana & Rai consortium..How far the administrators are with the sale of TZ assets. Also what the creditors are saying so far. Will the 6.5 billion be enough to pay off the creditors that hired the administrators? etc Ulinunua gazette ama ulisoma ya bure online? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
VituVingiSana wrote:Fyatu wrote:Angelica _ann wrote:Fyatu wrote:What i need is closure and accurate reporting by CMA/journalists/administrators over this small matter. LINKThe article states that ARM assets are worth 9.2 billion(bei ya jioni). What beats me is what Paunrana is trying to do. Does he have a plan to pay the debt after getting back ARM assets? What if JS Rai won the court case? What will happen next? CBK & KDIC does a good job on updates, comparatively!!! Why can't the journalist take their time and write one good and exhaustive article of whatever is happening regarding ARM sale? Though i appreciate Otiato's effort in th link above, i would have wished to read a better article giving more details of Paunrana & Rai consortium..How far the administrators are with the sale of TZ assets. Also what the creditors are saying so far. Will the 6.5 billion be enough to pay off the creditors that hired the administrators? etc Ulinunua gazette ama ulisoma ya bure online? Nime soma online Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Member Joined: 3/20/2008 Posts: 503
|
Fyatu wrote:What i need is closure and accurate reporting by CMA/journalists/administrators over this small matter. LINKThe article states that ARM assets are worth 9.2 billion(bei ya jioni). What beats me is what Paunrana is trying to do. Does he have a plan to pay the debt after getting back ARM assets? What if JS Rai won the court case? What will happen next? @Fyatu...you really need to move on...in the interest of sanity . Write the damn thing off. You can have a positive surprise if anything ever comes out at which point you can recognise "other incomes" but please WRITE OFF!
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
xxxxx wrote:Fyatu wrote:What i need is closure and accurate reporting by CMA/journalists/administrators over this small matter. LINKThe article states that ARM assets are worth 9.2 billion(bei ya jioni). What beats me is what Paunrana is trying to do. Does he have a plan to pay the debt after getting back ARM assets? What if JS Rai won the court case? What will happen next? @Fyatu...you really need to move on...in the interest of sanity . Write the damn thing off. You can have a positive surprise if anything ever comes out at which point you can recognise "other incomes" but please WRITE OFF! I have written it off as had been earlier been advised by @vvs ....but have not moved-on completely.A verbal autopsy will not bring a loved one back to life , but it brings closure. What i am seeking is the equivalent of a verbal autopsy. Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
|
Fyatu wrote:xxxxx wrote:Fyatu wrote:What i need is closure and accurate reporting by CMA/journalists/administrators over this small matter. LINKThe article states that ARM assets are worth 9.2 billion(bei ya jioni). What beats me is what Paunrana is trying to do. Does he have a plan to pay the debt after getting back ARM assets? What if JS Rai won the court case? What will happen next? @Fyatu...you really need to move on...in the interest of sanity . Write the damn thing off. You can have a positive surprise if anything ever comes out at which point you can recognise "other incomes" but please WRITE OFF! I have written it off as had been earlier been advised by @vvs ....but have not moved-on completely.A verbal autopsy will not bring a loved one back to life , but it brings closure. What i am seeking is the equivalent of a verbal autopsy. Corporate Kenya is reckless in how it treats information cascade to its shareholders.. Most of the listed companies play games with people lives and livelihoods. Delayed results, fictitious promises on M&As, restatements of previously audited financials, madness generally. Glad Muthaura has left CMA because he never once stood with the minority shareholders at the NSE
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
|
maka wrote:faa wrote:Fyatu wrote:jgithige wrote:FUNKY wrote:https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true This was a shambolic acquisition. Let's the mahakamas decide. What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors? https://www.businessdail...2698-33ifiez/index.html
https://t.co/vho2KM0YhV?amp=1
https://t.co/omZYw6n819?amp=1
I have a work colleague who lost 2M with this share, she had bought at Ksh 90.5 per share. Faida investment bank had recommended this year to some investors,including me.It was a strong buy to them, they had some tinker plant in TZ ,e.t.c I'd rather come here and get advise than listen to any stock brokerage /investment bank in this country. 100% true. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
|
|
|
Rank: New-farer Joined: 7/16/2018 Posts: 23
|
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
The curtains have come to a close; National Cement has won the bid to buy ARM kenyan unit for ksh.5bn. A leading Chinese company (Huaxin Cement) has bought Athi River Mining (ARM) Cement’s Tanzania subsidiary, Maweni Limestone Ltd, for $116 million (about Sh11.9 billion). With PwC getting court clearance Thursday to sell the Kenya business for Sh5 billion, this brings the total sum gained from disposal of the troubled cement maker’s assets to Sh16.9 billion. https://www.businessdail...88792-vwwob4z/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
Even though I have no interest in ARM - my shares are worthless - I hope ARM succeeds under the new owners. It gladdens my heart to see local firms succeed. Those jobs create a cascading benefit for the communities and for Kenyans. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Member Joined: 3/20/2008 Posts: 503
|
VituVingiSana wrote:Even though I have no interest in ARM - my shares are worthless - I hope ARM succeeds under the new owners. It gladdens my heart to see local firms succeed.
Those jobs create a cascading benefit for the communities and for Kenyans. At what point do these worthless shares disappear from my CDS account?
|
|
|
Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
|
[quote=Ericsson]The curtains have come to a close; National Cement has won the bid to buy ARM kenyan unit for ksh.5bn. A leading Chinese company (Huaxin Cement) has bought Athi River Mining (ARM) Cement’s Tanzania subsidiary, Maweni Limestone Ltd, for $116 million (about Sh11.9 billion). With PwC getting court clearance Thursday to sell the Kenya business for Sh5 billion, this brings the total sum gained from disposal of the troubled cement maker’s assets to Sh16.9 billion. https://www.businessdail...8792-vwwob4z/index.html[/quote] The highest bid was by national standard of ksh 25.2b but the article is not clear why it was rejected.Meanwhile it is a lesson on what not to touch at nse, companies with heavy debts 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
|
|
|
Rank: Member Joined: 3/20/2008 Posts: 503
|
littledove wrote:[quote=Ericsson]The curtains have come to a close; National Cement has won the bid to buy ARM kenyan unit for ksh.5bn. A leading Chinese company (Huaxin Cement) has bought Athi River Mining (ARM) Cement’s Tanzania subsidiary, Maweni Limestone Ltd, for $116 million (about Sh11.9 billion). With PwC getting court clearance Thursday to sell the Kenya business for Sh5 billion, this brings the total sum gained from disposal of the troubled cement maker’s assets to Sh16.9 billion. https://www.businessdail...8792-vwwob4z/index.html[/quote] The highest bid was by national standard of ksh 25.2b but the article is not clear why it was rejected.Meanwhile it is a lesson on what not to touch at nse, companies with heavy debts Its not just heavy debts. It is "debt" in general. That's why I wouldn't touch Centum, Serena etc For me the lesson has been more than well learnt.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
VituVingiSana wrote:Even though I have no interest in ARM - my shares are worthless - I hope ARM succeeds under the new owners. It gladdens my heart to see local firms succeed.
Those jobs create a cascading benefit for the communities and for Kenyans. @Obiero Perform the final rites for this counter then we close the thread. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Member Joined: 3/20/2008 Posts: 503
|
Ericsson wrote:VituVingiSana wrote:Even though I have no interest in ARM - my shares are worthless - I hope ARM succeeds under the new owners. It gladdens my heart to see local firms succeed.
Those jobs create a cascading benefit for the communities and for Kenyans. @Obiero Perform the final rites for this counter then we close the thread. first answer my question......when do the fake shares disappear from our CDs accounts?
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
Ericsson wrote:VituVingiSana wrote:Even though I have no interest in ARM - my shares are worthless - I hope ARM succeeds under the new owners. It gladdens my heart to see local firms succeed.
Those jobs create a cascading benefit for the communities and for Kenyans. @Obiero Perform the final rites for this counter then we close the thread. I nominate @xxxxx or @Fyatu. @Obiero will get his chance at another counter. Probably in 2020/21. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Veteran Joined: 11/13/2015 Posts: 1,590
|
xxxxx wrote:Ericsson wrote:VituVingiSana wrote:Even though I have no interest in ARM - my shares are worthless - I hope ARM succeeds under the new owners. It gladdens my heart to see local firms succeed.
Those jobs create a cascading benefit for the communities and for Kenyans. @Obiero Perform the final rites for this counter then we close the thread. first answer my question......when do the fake shares disappear from our CDs accounts? It's a cremation ceremony with so many wazuans burnt to recognition. @xxxxx woi  please hit the switch, the ashes will be collected later.
|
|
|
Wazua
»
Investor
»
Stocks
»
ARM Cement HY18
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|