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sparkly		#101 Posted : Monday, May 27, 2019 12:10:26 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		littledove wrote: 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. SBG analysts dreaming too much, the mattress must be new 😁😁😁 Life is short. Live passionately.
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Ericsson		#102 Posted : Monday, May 27, 2019 12:26:13 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		sparkly wrote: littledove wrote: 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. SBG analysts dreaming too much, the mattress must be new 😁😁😁 The Tanzania subsidiary had how much owed to creditors. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Ebenyo		#103 Posted : Monday, May 27, 2019 12:36:58 PM
Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale		sparkly wrote: littledove wrote: 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. SBG analysts dreaming too much, the mattress must be new 😁😁😁 I wonder too. FY 2017,showed the company was in negative equity.Where will this 10 billion come from? Meanwhile let's wait for FY 18 numbers which was delayed.Then we will see if something has changed. Either Paunrama or CDC will fork out the 10 billion according to SBG. Towards the goal of financial freedom
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Ericsson		#104 Posted : Monday, May 27, 2019 12:57:59 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Ebenyo wrote: sparkly wrote: littledove wrote: 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. SBG analysts dreaming too much, the mattress must be new 😁😁😁 I wonder too. FY 2017,showed the company was in negative equity.Where will this 10 billion come from? Meanwhile let's wait for FY 18 numbers which was delayed.Then we will see if something has changed. Either Paunrama or CDC will fork out the 10 billion according to SBG. Don't wait for anything in FY18 Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Bishofu		#105 Posted : Thursday, May 30, 2019 3:48:56 PM
Rank: New-farer Joined: 7/16/2018 Posts: 23		https://www.bloomberg.co...d-of-65-million-rejected
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obiero		#106 Posted : Thursday, May 30, 2019 3:56:29 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		Bishofu wrote: https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected The company was sold short by about USD 15M or more KQ ABP 4.26
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Fyatu		#107 Posted : Thursday, May 30, 2019 4:27:41 PM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		Bishofu wrote: https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected That a Kenyan Newspaper/Kenyan business journalist could not be the first to bring this story to the fore leaves a lot to be desired. Dumb money becomes dumb only when it listens to smart money
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FUNKY		#108 Posted : Thursday, May 30, 2019 4:35:24 PM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		obiero wrote: Bishofu wrote: https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected The company was sold short by about USD 15M or more PwC received the offer “from a consortium associated with one of the shareholders of the company in conjunction with another party.” The shareholder submitted the bid on May 17, six weeks after an April 5 deadline, according to a letter sent to creditors and seen by Bloomberg. It sought to explain why the administrators accepted an earlier bid of $50 million. It was not fault of PWC
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obiero		#109 Posted : Thursday, May 30, 2019 5:09:53 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi		FUNKY wrote: obiero wrote: Bishofu wrote: https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected The company was sold short by about USD 15M or more PwC received the offer “from a consortium associated with one of the shareholders of the company in conjunction with another party.” The shareholder submitted the bid on May 17, six weeks after an April 5 deadline, according to a letter sent to creditors and seen by Bloomberg. It sought to explain why the administrators accepted an earlier bid of $50 million. It was not fault of PWC No one has faulted PWC.. Just saying that a higher price was put on the table KQ ABP 4.26
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HaMaina		#110 Posted : Thursday, July 04, 2019 12:24:53 PM
Rank: Veteran Joined: 4/23/2014 Posts: 931		obiero wrote: Bishofu wrote: https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected The company was sold short by about USD 15M or more I Hadn't seen this. Kenyan Steel Tycoon Narendra Raval To Acquire ARM Cement For $50 Million https://www.forbes.com/s...0-million/#1b4f4198242e “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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