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Athi River Mining - HY Ksh. 355.8 million loss
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whiteowl
#21 Posted : Tuesday, October 06, 2015 10:30:54 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Gatheuzi wrote:
AKS thinks the price will go up 4 fold Shame on you




His optimism betrays him.
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sparkly
#22 Posted : Monday, December 28, 2015 11:15:00 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
whiteowl wrote:
Gatheuzi wrote:
AKS thinks the price will go up 4 fold Shame on you




His optimism betrays him.


ARM to raise 12B from convertible debt


www.standardmedia.co.ke/...-inject-sh12-8b-into-arm
Life is short. Live passionately.
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obiero
#23 Posted : Tuesday, December 29, 2015 12:50:44 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
sparkly wrote:
whiteowl wrote:
Gatheuzi wrote:
AKS thinks the price will go up 4 fold Shame on you




His optimism betrays him.


ARM to raise 12B from convertible debt


www.standardmedia.co.ke/...-inject-sh12-8b-into-arm

Mawadada za AKS.. Maybe 3 fold

KQ ABP 4.26
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VituVingiSana
#24 Posted : Monday, January 11, 2016 10:35:20 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
Almost there! http://www.businessdaily.../-/ouovy9z/-/index.html If ARM does get the equity, it could ease the debt burden. I would like to see the terms of the deal before I commit to buying ARM shares.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#25 Posted : Tuesday, January 12, 2016 6:13:23 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Of course it had to be an Indian firm;shafting of shareholders continues.
First you get measly dividends in the name of pumping money to the company for expansion,share price one of the worst performers then now this.
Cashflow in a company is a very important element to look at when one wants to invest in it.
Companies have very weak cash flows then report book profits to fool shareholders yet in reality the company is struggling
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kasibitta
#26 Posted : Tuesday, January 12, 2016 10:28:59 AM
Rank: Member

Joined: 2/7/2014
Posts: 155
Ericsson wrote:
Of course it had to be an Indian firm;shafting of shareholders continues.
First you get measly dividends in the name of pumping money to the company for expansion,share price one of the worst performers then now this.
Cashflow in a company is a very important element to look at when one wants to invest in it.
Companies have very weak cash flows then report book profits to fool shareholders yet in reality the company is struggling


The health of the cashflow statement is very key.I have come to accept it as a key determinant and not those funny profits reported by many.
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Othelo
#27 Posted : Tuesday, January 12, 2016 10:36:16 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
But at least their expansion will pay off in the long run ..... 2020 or thereabout once they get to manage their debt portfolio!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Ericsson
#28 Posted : Tuesday, January 12, 2016 10:49:00 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
@Othelo
Don't be so sure competition is thick and cut throat
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mibbz
#29 Posted : Tuesday, January 12, 2016 12:43:34 PM
Rank: Member

Joined: 2/18/2011
Posts: 448
Gatheuzi wrote:
AKS thinks the price will go up 4 fold Shame on you





I think using this logic where gross revenues are being compared to market cap and claiming the company is undervalued is flawed.

Of importance is the net profit per tonne especially after factoring in their debt.

Plus that purchase by the Indian cement company is bound to result in dilution of shareholders or a similar scenario like in TransCentury where more cash shall be required to bail out the struggling firm in 5-6 years.
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VituVingiSana
#30 Posted : Tuesday, January 12, 2016 12:59:49 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,342
Location: Nairobi
Ericsson wrote:
Of course it had to be an Indian firm;
The world's largest cement company is out of the running since it owns Bamburi. Dangote is building his own plant but with the Naira in trouble he needs to slow down & look after his Nigerian operations. I think Orascom also sold out to one of the Big 3. The Mexicans [Slim] is more interested in the Americas.
That narrows down the contenders to the Chinese or Indians.
shafting of shareholders continues. I like ARM but have always found it pricey but I regret not going in early on when it was trading at below 10. The pricing then became silly with huge PERs & P/B. What I like is the CEO (& family) are major shareholders. That said, do they get something on the side?
First you get measly dividends in the name of pumping money to the company for expansion, Did you buy ARM for dividends? ARM told folks the dividends will be measly despite reported profits. Centum went one step ahead & said no dividends. Berkshire Hathaway does the same. Until recently, Unga paid measly dividends as it paid down debt. Williamson used to pay lousy dividends to use the cash to pay down debt. Another is DTB which pay tiny dividends but needs small Rights Issues as it expands. Jubilee is another.
share price one of the worst performers then now this.

Cashflow in a company is a very important element to look at when one wants to invest in it.
Companies have very weak cash flows then report book profits to fool shareholders yet in reality the company is struggling And that is very, very, very important.

I want to see the terms [before I invest] but I don't think Pradeep is going to sell cheap BUT he may have to take a haircut if he doesn't want ARM to suffer loan defaults!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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