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ARM HY2017
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Juojo
#641 Posted : Friday, August 17, 2018 5:30:24 PM
Rank: Member

Joined: 7/7/2009
Posts: 41
VituVingiSana wrote:
Is Paunrana really out?

https://www.businessdail...5744-11ieuvr/index.html

Waiting for the 1H 2018 results but they have until 31st Oct to announce them.


They are waiting to report on the last day as they usually do. Though there is nothing to report for H1. Should be worse than 2017 or any other year
Happiness is not the absence of problems, It's the ability to deal with them
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VituVingiSana
#642 Posted : Saturday, August 18, 2018 8:17:24 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
Ouch! You win some, you lose some.
Good news is that this was a Tier 3 holding for me but it still hurts!

Should have listened to Mr. Buffett! d'oh! d'oh! d'oh!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#643 Posted : Saturday, August 18, 2018 8:51:29 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
VituVingiSana wrote:
Ouch! You win some, you lose some.
Good news is that this was a Tier 3 holding for me but it still hurts!

Should have listened to Mr. Buffett! d'oh! d'oh! d'oh!

What has happened chief

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newfarer
#644 Posted : Saturday, August 18, 2018 8:58:07 AM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
obiero wrote:
VituVingiSana wrote:
Ouch! You win some, you lose some.
Good news is that this was a Tier 3 holding for me but it still hurts!

Should have listened to Mr. Buffett! d'oh! d'oh! d'oh!

What has happened chief

ARM has gone burst.bankrupt.pole.its life.put under PWC as joint administrator .
punda amecheka
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obiero
#645 Posted : Saturday, August 18, 2018 9:10:08 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
newfarer wrote:
obiero wrote:
VituVingiSana wrote:
Ouch! You win some, you lose some.
Good news is that this was a Tier 3 holding for me but it still hurts!

Should have listened to Mr. Buffett! d'oh! d'oh! d'oh!

What has happened chief

ARM has gone burst.bankrupt.pole.its life.put under PWC as joint administrator .

Pole ni kwa wengine. I was never in there

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obiero
#646 Posted : Saturday, August 18, 2018 9:22:03 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
Spikes wrote:
obiero wrote:
VituVingiSana wrote:
@Fyatu - πŸ‘πŸΌπŸ‘πŸΌπŸ‘πŸΌ
Very helpful. Thanks!
Any comparisons (quality) between ARM and Bamburi?
I hope the next set of projects undertaken by KE and TZ use ARM cement!
Niko ndani!!!! This is a long-term play for me it seems based on the potential.

Hehe.. Penny stocker


@Obiero I can swear by your KQ's badly mutilated appendix that @VVS is gonna make huge returns vis-a-vis your dead national carrier.

No worries

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obiero
#647 Posted : Saturday, August 18, 2018 9:24:05 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
obiero wrote:
sparkly wrote:
Spikes wrote:
sparkly wrote:
Spikes wrote:
sparkly wrote:
VituVingiSana wrote:
All these minor ups and downs are irrelevant for me from a long-term perspective.

The 1H 2018 results (and commentary) vs 2H 2017 vs 1H 2017 will light the way.
The commentary will be important especially the discussion about the CDC/IFC loans.
ARM has 3 months to release the results and can ask for an extension so as to provide a comprehensive update.

2018: The (private) construction market in Kenya is suffering and once the current crop of buildings/projects are completed, there will be a pause/slowdown. The public sector may see slower construction as GoK struggles to pay for what's under construction.

Unless GoK's interest rates reduce to sub-10% the banks have little incentive to lend long-term to the private sector. Plus there's plenty of competition from other cement firms which are also expanding capacity.

Investing in ARM is not for the short-term nor the jumpy. Then there are other firms, not in a turnaround situation, whose share prices have tumbled in 2018 which means investors have choices.


Exercise caution. Fundamentals are poor for ARM and the nse is generally depressed. Take profits when you can.


Considering declining NAV of about kes 20 per share the stock is currently trading too low the fundamentals...


Which fundamentals?


NAV


First fundamental is profitability. If no profitability there is no fundamental.

The fundamentals are fundamentally broken at ARM

It was written

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obiero
#648 Posted : Saturday, August 18, 2018 9:27:57 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
obiero wrote:
Pirate wrote:
Spikes wrote:
VituVingiSana wrote:
Do not cry for us, @Obiero
We will not forget you
All these years
You have told us
That NAV doesn't matter
The Open Offer does
That promises can carry us through
Even after all the cooking
And the fingering
And the losses
And negative equity
And concerns as a going concern
As long as there is an Open Offer
Which will make us rich
Beyond our wildest dreams
With Naikuni and Mbugua
Then Ngunze and Mbugua
Now Joseph and Mikosz

So do not cry for us, @Obiero


We have Pradeep who betrayed us
Then the CDC came in
Now we await a IFC the savior
To find us a White Knight
on a Pozzolana horse
Who will save us

Do not cry for us, @Obiero


Wow! An emotional tribute to @Obiero's dying KQ.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

LOL. For a man your age @vvs, you surely remain creative.. Cracked me up

@vvs this is life..
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obiero
#649 Posted : Saturday, August 18, 2018 10:07:16 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,226
Location: nairobi
newfarer wrote:
obiero wrote:
VituVingiSana wrote:
Ouch! You win some, you lose some.
Good news is that this was a Tier 3 holding for me but it still hurts!

Should have listened to Mr. Buffett! d'oh! d'oh! d'oh!

What has happened chief

ARM has gone burst.bankrupt.pole.its life.put under PWC as joint administrator .

Is this information verified

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HaMaina
#650 Posted : Saturday, August 18, 2018 11:11:24 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
obiero wrote:
obiero wrote:
Pirate wrote:
Spikes wrote:
VituVingiSana wrote:
Do not cry for us, @Obiero
We will not forget you
All these years
You have told us
That NAV doesn't matter
The Open Offer does
That promises can carry us through
Even after all the cooking
And the fingering
And the losses
And negative equity
And concerns as a going concern
As long as there is an Open Offer
Which will make us rich
Beyond our wildest dreams
With Naikuni and Mbugua
Then Ngunze and Mbugua
Now Joseph and Mikosz

So do not cry for us, @Obiero


We have Pradeep who betrayed us
Then the CDC came in
Now we await a IFC the savior
To find us a White Knight
on a Pozzolana horse
Who will save us

Do not cry for us, @Obiero


Wow! An emotional tribute to @Obiero's dying KQ.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly

LOL. For a man your age @vvs, you surely remain creative.. Cracked me up

@vvs this is life..


Excellent Poetry VVS Applause
β€œYou can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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