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VituVingiSana		#141 Posted : Friday, September 27, 2019 9:46:08 AM
Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi		wukan wrote: 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. Like the 1000 notes. https://www.the-star.co....1000-notes-upon-expiry/ Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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Ericsson		#142 Posted : Friday, September 27, 2019 10:03:18 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		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? Fake shares disappear after acquisition approval by Competition Authority and delisting approval by CMA Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Fyatu		#143 Posted : Friday, September 27, 2019 11:53:22 AM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		VituVingiSana 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. I nominate @xxxxx or @Fyatu. @Obiero will get his chance at another counter. Probably in 2020/21. A letter to shareholders should suffice explaining how the measly Kshs. 16 billion has been shared by creditors. The CMA and/or administrators owe us(shareholders) one. Only then shall we sing "luwere Nyasaye amulinde". The lessons learnt here have been bitter, but i soldier on. On the other hand, Some wealthsmiths located on Waiyaki way had impaired approximately Kshs. 1 billions that ARM and others owed them. I am guessing their books will now look rather pretty once the undertaker is done here...i speak in code Dumb money becomes dumb only when it listens to smart money
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Ericsson		#144 Posted : Friday, September 27, 2019 12:48:47 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Tycoon Jaswant Rai has lost the billionaire court fight to buy troubled cement maker Athi River Mining (ARM) for Sh6.5 billion to rival businessman Narendra Raval ‘Guru’ of National Cement. The High Court yesterday gave Mr Raval the green light to acquire Kenya’s second-biggest cement maker for Sh5 billion, raising doubts that a consortium, including Mr Rai and former ARM chief executive and owner Pradeep Paunrana, could raise their Sh6.5 billion offer. Justice Mary Kasango said Mr Rai was not part of the court process challenging the sale and that his late inclusion in the Sh6.5 billion offer introduced ‘hidden’ clauses the court was not privy to. https://www.businessdail...289342-eshxuy/index.html Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Fyatu		#145 Posted : Friday, September 27, 2019 1:07:06 PM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		Ericsson wrote: Tycoon Jaswant Rai has lost the billionaire court fight to buy troubled cement maker Athi River Mining (ARM) for Sh6.5 billion to rival businessman Narendra Raval ‘Guru’ of National Cement. The High Court yesterday gave Mr Raval the green light to acquire Kenya’s second-biggest cement maker for Sh5 billion, raising doubts that a consortium, including Mr Rai and former ARM chief executive and owner Pradeep Paunrana, could raise their Sh6.5 billion offer. Justice Mary Kasango said Mr Rai was not part of the court process challenging the sale and that his late inclusion in the Sh6.5 billion offer introduced ‘hidden’ clauses the court was not privy to. https://www.businessdail...89342-eshxuy/index.html Business daily should stop reporting the obvious and focus on telling Kenyans what happens next now that ARM has been sold. The question on everyones mouth is how the carcass is going to be shared...Who gets what and who gets nothing...? sio kizungu mingi ya sijui JS Rai, Paunrana etc Dumb money becomes dumb only when it listens to smart money
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xxxxx		#146 Posted : Friday, September 27, 2019 2:27:54 PM
Rank: Member Joined: 3/20/2008 Posts: 503		Fyatu wrote: Ericsson wrote: Tycoon Jaswant Rai has lost the billionaire court fight to buy troubled cement maker Athi River Mining (ARM) for Sh6.5 billion to rival businessman Narendra Raval ‘Guru’ of National Cement. The High Court yesterday gave Mr Raval the green light to acquire Kenya’s second-biggest cement maker for Sh5 billion, raising doubts that a consortium, including Mr Rai and former ARM chief executive and owner Pradeep Paunrana, could raise their Sh6.5 billion offer. Justice Mary Kasango said Mr Rai was not part of the court process challenging the sale and that his late inclusion in the Sh6.5 billion offer introduced ‘hidden’ clauses the court was not privy to. https://www.businessdail...89342-eshxuy/index.html Business daily should stop reporting the obvious and focus on telling Kenyans what happens next now that ARM has been sold. The question on everyones mouth is how the carcass is going to be shared...Who gets what and who gets nothing...? sio kizungu mingi ya sijui JS Rai, Paunrana etc Comrade Fyatu.....U and other Wanjiku equity investors get NOTHING... Time to move on bro . You heard it here first. Ask @VVS to lend u his pen so you can also write off your position in ARM.
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Fyatu		#147 Posted : Friday, September 27, 2019 3:20:40 PM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		xxxxx wrote: Fyatu wrote: Ericsson wrote: Tycoon Jaswant Rai has lost the billionaire court fight to buy troubled cement maker Athi River Mining (ARM) for Sh6.5 billion to rival businessman Narendra Raval ‘Guru’ of National Cement. The High Court yesterday gave Mr Raval the green light to acquire Kenya’s second-biggest cement maker for Sh5 billion, raising doubts that a consortium, including Mr Rai and former ARM chief executive and owner Pradeep Paunrana, could raise their Sh6.5 billion offer. Justice Mary Kasango said Mr Rai was not part of the court process challenging the sale and that his late inclusion in the Sh6.5 billion offer introduced ‘hidden’ clauses the court was not privy to. https://www.businessdail...89342-eshxuy/index.html Business daily should stop reporting the obvious and focus on telling Kenyans what happens next now that ARM has been sold. The question on everyones mouth is how the carcass is going to be shared...Who gets what and who gets nothing...? sio kizungu mingi ya sijui JS Rai, Paunrana etc Comrade Fyatu.....U and other Wanjiku equity investors get NOTHING... Time to move on bro . You heard it here first. Ask @VVS to lend u his pen so you can also write off your position in ARM. A bitter pill to swallow this...reminds of chloroquine back in the day. Dumb money becomes dumb only when it listens to smart money
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xxxxx		#148 Posted : Friday, September 27, 2019 3:33:28 PM
Rank: Member Joined: 3/20/2008 Posts: 503		Fyatu wrote: xxxxx wrote: Fyatu wrote: Ericsson wrote: Tycoon Jaswant Rai has lost the billionaire court fight to buy troubled cement maker Athi River Mining (ARM) for Sh6.5 billion to rival businessman Narendra Raval ‘Guru’ of National Cement. The High Court yesterday gave Mr Raval the green light to acquire Kenya’s second-biggest cement maker for Sh5 billion, raising doubts that a consortium, including Mr Rai and former ARM chief executive and owner Pradeep Paunrana, could raise their Sh6.5 billion offer. Justice Mary Kasango said Mr Rai was not part of the court process challenging the sale and that his late inclusion in the Sh6.5 billion offer introduced ‘hidden’ clauses the court was not privy to. https://www.businessdail...89342-eshxuy/index.html Business daily should stop reporting the obvious and focus on telling Kenyans what happens next now that ARM has been sold. The question on everyones mouth is how the carcass is going to be shared...Who gets what and who gets nothing...? sio kizungu mingi ya sijui JS Rai, Paunrana etc Comrade Fyatu.....U and other Wanjiku equity investors get NOTHING... Time to move on bro . You heard it here first. Ask @VVS to lend u his pen so you can also write off your position in ARM. A bitter pill to swallow this...reminds of chloroquine back in the day. Worry not coz we've all swallowed it...and every dog gets its day in the sun....Many more are due to face it after us.
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Fyatu		#149 Posted : Friday, September 27, 2019 3:52:32 PM
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru		xxxxx wrote: Fyatu wrote: xxxxx wrote: Fyatu wrote: Ericsson wrote: Tycoon Jaswant Rai has lost the billionaire court fight to buy troubled cement maker Athi River Mining (ARM) for Sh6.5 billion to rival businessman Narendra Raval ‘Guru’ of National Cement. The High Court yesterday gave Mr Raval the green light to acquire Kenya’s second-biggest cement maker for Sh5 billion, raising doubts that a consortium, including Mr Rai and former ARM chief executive and owner Pradeep Paunrana, could raise their Sh6.5 billion offer. Justice Mary Kasango said Mr Rai was not part of the court process challenging the sale and that his late inclusion in the Sh6.5 billion offer introduced ‘hidden’ clauses the court was not privy to. https://www.businessdail...89342-eshxuy/index.html Business daily should stop reporting the obvious and focus on telling Kenyans what happens next now that ARM has been sold. The question on everyones mouth is how the carcass is going to be shared...Who gets what and who gets nothing...? sio kizungu mingi ya sijui JS Rai, Paunrana etc Comrade Fyatu.....U and other Wanjiku equity investors get NOTHING... Time to move on bro . You heard it here first. Ask @VVS to lend u his pen so you can also write off your position in ARM. A bitter pill to swallow this...reminds of chloroquine back in the day. Worry not coz we've all swallowed it...and every dog gets its day in the sun....Many more are due to face it after us. Asante sana Dumb money becomes dumb only when it listens to smart money
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sparkly		#150 Posted : Thursday, October 03, 2019 8:38:25 AM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		Chinese building materials manufacturer Huaxin Cement Company has acquired ARM Cement’s Tanzania subsidiary, Maweni Limestone Ltd., for $116 million (Sh11.95 billion). https://www.construction...huaxin-maweni-limestone/ Life is short. Live passionately.
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