Demand 5.62mn at 3.70
Supply ZERO

The headline of https://www.businessdail...57018-6h9b18/index.html seems to have worked wonders.

Though, when one actually reads the article then one realizes that ARM is still in talks with IFC. It is not a done deal. And it could take a year.

Even CDC hasn't released the money for Working Capital. That might take another 2 months.

I pity you exited to early before 'army of experts' chip in...Real rocket rally has begun.

Another army from IFC forces coming up.

A bailout. Needs a massive restructuring effort to get firing on all cylinders. As it stands - for investment/speculative purposes - calculating the NAV of this firm is an exercise in futility and provides no guide on the probable margin of safety.

Sale Order expired stake with me

Whereas, I may be skeptical about the recent (one-sided) announcement of the IFC and CDC loans, I do want these to come to fruition ASAP.
Plus shopping around ARM competitively to a Strategic Investor.
I believe ARM should be delisted, after paying Minority Shareholders a fair price, so it can deal with its problems in private.

I tend to disagree with the delisting view mainly because minority shareholders are always screwed and never get that 'fair price".

The company was listed to enable them fund growth through equity. Once they get listed, these companies abandon equity and start opting for sophisticated debt and debt related instruments which backfire and poor public investors are then left with worthless paper. This is damaging to capital markets. Moreover the costs of maintaining the public listing are not the root cause of the company's problems.

Like you said yesterday, management, the board and strategic shareholders/investors need to stop worrying about share prices and focus on creating shareholder wealth. Share prices take care of themselves eventually. They do however need to be more open/ transparent about the company's operations/ progress

On this note, centum and trans century investors should be carefully..#sophisticated debt instruments have to bite any time

Transcentury bondholders were bamboozled. I don't think anyone will do another deal of this sort with them in the near future.
Centum is a different play and with their focus on "project finance" they can isolate the problems to the JV/SPV. I am ndani Centum.

On ARM, I want a FAIR price but as you mentioned there is a tendency for not being fair to minority shareholders e.g. Unga, REA (before the counterbids), Unilever, etc.

What is going on here?

1.70mn on bid at 4.45 (1.30pm) with trades of 2mn+ with the last trade at 11.42pm
I do not usually buy for "trading" but my fingers are itching to take profits like @sparkly.

Based on my "Analysis" - there are too many variables so I am using NAV less another massive loss in 2018 with a breakeven 2019 as cheaper loans kick in, CDC provides working capital and TZ starts improving and then 2020 onwards back to enough cashflow to pay down the massive loans OR be bought out - I believe 10/- in 3Q 2020 is feasible.

Props to @xxxxx (who got me interested enough to read the Annual Report)
@sparkly - just coz + others who contributed links/info, etc.

All that said, do I take my 25% in less than a month and run?

Hapa inahitaji ninja stock traders.. Possibility of getting caught up in the hype is high. But all the best to ya brave souls