Wazua
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ARM Cement HY18
Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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The fact that Devki got ARM's Kenya assets at a paltry 5 billion is very telling. There must be some vested interests from above here.
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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https://www.businessdailyafrica.com/news/Cement-tycoon-in-Sh5bn-buyout-of-collapsed-ARM/539546-5126436-8hw95ez/index.html“Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.” 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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Rank: Member Joined: 3/20/2008 Posts: 503
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obiero wrote:sparkly wrote:the deal wrote:Burned beyond recognition....in KQ the lenders are shareholders...They can't pull such a stunt...we are in it together...  1. Only local lenders became shareholders. KQ is still indebted to international lenders like American EXIM Bank. GoK had to issue new guarantees to the international lenders. If KQ doesn't pay, the international lenders will just seize the leased assets (planes) wherever they will be. Easier now since KQ flies to the US. 2. Paunrana and CDC did the right. If a monkey is dead, leave it for the vultures. You might salvage a few bones after the vultures are done. Its the essence of insolvency/ bankruptcy protection laws. GoK should follow suit and let KQ die. KLM was sensible not to pump more capital into a dead monkey. 1. What is a government guarantee? 2. KLM Heathrow additional slot is currently used by KQ as the 'inkind' KLM contributions.. With the JV still being active But today we are here to mourn ARM. Let us give our last respects without drama @obiero ARM is a better investment prospect than KQ. It all boils down to price. Moreover if the below is factual, we'll be laughing all the way to the bank  Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Member Joined: 3/20/2008 Posts: 503
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Be sure we wrote ARM off in the books 100%. That's the main difference between arm shareholders and KQ shareholders However, the prospect s of arm as a going concern are much much better than those of KQ. At the ratekqq is generating negative equity; u will be lucky to get anything back even if you contribute to its further recapitalizations that are on that cards
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Rank: Elder Joined: 6/23/2009 Posts: 13,543 Location: nairobi
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xxxxx wrote:obiero wrote:sparkly wrote:the deal wrote:Burned beyond recognition....in KQ the lenders are shareholders...They can't pull such a stunt...we are in it together... 1. Only local lenders became shareholders. KQ is still indebted to international lenders like American EXIM Bank. GoK had to issue new guarantees to the international lenders. If KQ doesn't pay, the international lenders will just seize the leased assets (planes) wherever they will be. Easier now since KQ flies to the US. 2. Paunrana and CDC did the right. If a monkey is dead, leave it for the vultures. You might salvage a few bones after the vultures are done. Its the essence of insolvency/ bankruptcy protection laws. GoK should follow suit and let KQ die. KLM was sensible not to pump more capital into a dead monkey. 1. What is a government guarantee? 2. KLM Heathrow additional slot is currently used by KQ as the 'inkind' KLM contributions.. With the JV still being active But today we are here to mourn ARM. Let us give our last respects without drama @obiero ARM is a better investment prospect than KQ. It all boils down to price. Moreover if the below is factual, we'll be laughing all the way to the bank Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.” Let us meet on the KQ thread.. People are mourning here. This is not the best place to discuss
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 3/20/2008 Posts: 503
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obiero wrote:xxxxx wrote:obiero wrote:sparkly wrote:the deal wrote:Burned beyond recognition....in KQ the lenders are shareholders...They can't pull such a stunt...we are in it together... 1. Only local lenders became shareholders. KQ is still indebted to international lenders like American EXIM Bank. GoK had to issue new guarantees to the international lenders. If KQ doesn't pay, the international lenders will just seize the leased assets (planes) wherever they will be. Easier now since KQ flies to the US. 2. Paunrana and CDC did the right. If a monkey is dead, leave it for the vultures. You might salvage a few bones after the vultures are done. Its the essence of insolvency/ bankruptcy protection laws. GoK should follow suit and let KQ die. KLM was sensible not to pump more capital into a dead monkey. 1. What is a government guarantee? 2. KLM Heathrow additional slot is currently used by KQ as the 'inkind' KLM contributions.. With the JV still being active But today we are here to mourn ARM. Let us give our last respects without drama @obiero ARM is a better investment prospect than KQ. It all boils down to price. Moreover if the below is factual, we'll be laughing all the way to the bank Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.” Let us meet on the KQ thread.. People are mourning here. This is not the best place to discuss very silly
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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xxxxx wrote:Be sure we wrote ARM off in the books 100%. That's the main difference between arm shareholders and KQ shareholders However, the prospect s of arm as a going concern are much much better than those of KQ. At the ratekqq is generating negative equity; u will be lucky to get anything back even if you contribute to its further recapitalizations that are on that cards @xxxxx pole sana. ARM died and the morticians are carrying out the final rites. KQ, Mumias, HAFR are in ICU barely breathing. They might pull through or not. Life is short. Live passionately.
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Rank: Member Joined: 1/18/2019 Posts: 185 Location: kenya
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#TBT Paunrana seems like a fairly competent guy here. Sad how it all went to shit https://www.youtube.com/watch?v=4lV6busyoPU
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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littledove wrote:https://www.businessdailyafrica.com/news/Cement-tycoon-in-Sh5bn-buyout-of-collapsed-ARM/539546-5126436-8hw95ez/index.html“Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.” I still insist that a circular to shareholders should be circulated detailing how this carcass has been decimated by the scavengers. Even after death a verbal autopsy is required for closure. To be honest i have been hit hard. This is a major impairment to my life savings/capital(> 0.5 million bob). It is very painful. Paunrana can do shareholders a great deal by doing an interview providing details(some sort of requiem mass). Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 4/4/2016 Posts: 1,997 Location: Kitale
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Fyatu wrote:littledove wrote:https://www.businessdailyafrica.com/news/Cement-tycoon-in-Sh5bn-buyout-of-collapsed-ARM/539546-5126436-8hw95ez/index.html“Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.” I still insist that a circular to shareholders should be circulated detailing how this carcass has been decimated by the scavengers. Even after death a verbal autopsy is required for closure. To be honest i have been hit hard. This is a major impairment to my life savings/capital(> 0.5 million bob). It is very painful. Paunrana can do shareholders a great deal by doing an interview providing details(some sort of requiem mass).  pole @fyatu.Have you received any information from Atlas company of Carl Esprey? But take heart cause it's not over with ARM.The national cement might decide to continue the business. Towards the goal of financial freedom
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Ebenyo wrote:Fyatu wrote:littledove wrote:https://www.businessdailyafrica.com/news/Cement-tycoon-in-Sh5bn-buyout-of-collapsed-ARM/539546-5126436-8hw95ez/index.html“Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.” I still insist that a circular to shareholders should be circulated detailing how this carcass has been decimated by the scavengers. Even after death a verbal autopsy is required for closure. To be honest i have been hit hard. This is a major impairment to my life savings/capital(> 0.5 million bob). It is very painful. Paunrana can do shareholders a great deal by doing an interview providing details(some sort of requiem mass). pole @fyatu.Have you received any information from Atlas company of Carl Esprey? But take heart cause it's not over with ARM.The national cement might decide to continue the business. The last time i heard from Carl Esprey is when he wrote a letter describing the sale of the chancho project to some investors. He also spoke of getting into betting machines in South Africa etc. As well as winding up Atlas where he would share with shareholders the remaining crumbs. Never heard from him since. ARM can do the same. Write a "kwaheri ya kuonana" circular and we shall heal. Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 6/9/2009 Posts: 85
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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I hope this thread doesn't become another KQ-like thread. Discussions and discussions about a dead horse! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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Fyatu wrote:littledove wrote:https://www.businessdailyafrica.com/news/Cement-tycoon-in-Sh5bn-buyout-of-collapsed-ARM/539546-5126436-8hw95ez/index.html“Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.” I still insist that a circular to shareholders should be circulated detailing how this carcass has been decimated by the scavengers. Even after death a verbal autopsy is required for closure. To be honest i have been hit hard. This is a major impairment to my life savings/capital(> 0.5 million bob). It is very painful. Paunrana can do shareholders a great deal by doing an interview providing details(some sort of requiem mass). Muhindi vs Muhindi. "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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National Cement to invest $36mn in ARM after acquiring its assets Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:National Cement to invest $36mn in ARM after acquiring its assets How now? You are giving ARM shareholders false hope. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,118 Location: Nairobi
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sparkly wrote:Ericsson wrote:National Cement to invest $36mn in ARM after acquiring its assets How now? You are giving ARM shareholders false hope. How so? This investment is post-acquisition. Surely, most ARM shareholders understand this doesn't benefit them. If Rubis invests $10mn to revamp the KK stations, it means nothing to former KK shareholders. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:sparkly wrote:Ericsson wrote:National Cement to invest $36mn in ARM after acquiring its assets How now? You are giving ARM shareholders false hope. How so? This investment is post-acquisition. Surely, most ARM shareholders understand this doesn't benefit them. If Rubis invests $10mn to revamp the KK stations, it means nothing to former KK shareholders. It should read NC to invest $36mn in assets acquired from ARM. Life is short. Live passionately.
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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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. 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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