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ARM Cement HY18
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Bishofu
#131 Posted : Friday, September 06, 2019 9:54:50 AM
Rank: New-farer

Joined: 7/16/2018
Posts: 23
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Ericsson
#132 Posted : Thursday, September 26, 2019 10:22:46 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
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.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#133 Posted : Thursday, September 26, 2019 11:01:58 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
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
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xxxxx
#134 Posted : Friday, September 27, 2019 4:33:57 AM
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?
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littledove
#135 Posted : Friday, September 27, 2019 8:11:03 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
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
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xxxxx
#136 Posted : Friday, September 27, 2019 8:34:59 AM
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.
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Ericsson
#137 Posted : Friday, September 27, 2019 8:58:50 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
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
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WWW
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xxxxx
#138 Posted : Friday, September 27, 2019 9:17:55 AM
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.


Laughing out loudly Laughing out loudly Laughing out loudly first answer my question......when do the fake shares disappear from our CDs accounts?
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VituVingiSana
#139 Posted : Friday, September 27, 2019 9:24:38 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
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
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wukan
#140 Posted : Friday, September 27, 2019 9:42:35 AM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,654
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.


Laughing out loudly Laughing out loudly Laughing out loudly 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 woiPray please hit the switch, the ashes will be collected later.
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