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ARM HY2017
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Fyatu
#751 Posted : Tuesday, August 21, 2018 9:12:01 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
VituVingiSana wrote:
Even though I have written off my ARM - "prudence" - I might go in for more depending on what info we receive over the next 10 days (7 business days).
@xxxxx and @fyatu - In for a penny, in for a pound!
Applause Applause Applause

Question: I do not understand why the bank with the SMALLEST loan would do this to ARM?
Not Stanbic, not AFC but UBA.
Wouldn't CDC have consulted UBA before installing a new chairman?
And the LaFarge executive as a director?

There's more to this saga than meets the eye.



Recent press statements and newspaper articles have suggested that something is being done to restructure the balance sheet e.g., CDC will loan ARM some more money and IFC/or another investor will also buy out some of the debt and possibly acquire some equity at the "right price". Once this information is confirmed and the factories in Tanzania start posting positive return on capital then those already in will reap what they sow. It is naive to imagine this will happen overnight. Even @Mugundaman and @Wukan have a 10 year plus time frame for the dustbowl and its environs to become small cities and reap big from their investments. Take heart @vvs. Only write ARM off if CDC bails completely.
Dumb money becomes dumb only when it listens to smart money
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obiero
#752 Posted : Tuesday, August 21, 2018 9:29:47 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,225
Location: nairobi
Fyatu wrote:
VituVingiSana wrote:
Even though I have written off my ARM - "prudence" - I might go in for more depending on what info we receive over the next 10 days (7 business days).
@xxxxx and @fyatu - In for a penny, in for a pound!
Applause Applause Applause

Question: I do not understand why the bank with the SMALLEST loan would do this to ARM?
Not Stanbic, not AFC but UBA.
Wouldn't CDC have consulted UBA before installing a new chairman?
And the LaFarge executive as a director?

There's more to this saga than meets the eye.



Recent press statements and newspaper articles have suggested that something is being done to restructure the balance sheet e.g., CDC will loan ARM some more money and IFC/or another investor will also buy out some of the debt and possibly acquire some equity at the "right price". Once this information is confirmed and the factories in Tanzania start posting positive return on capital then those already in will reap what they sow. It is naive to imagine this will happen overnight. Even @Mugundaman and @Wukan have a 10 year plus time frame for the dustbowl and its environs to become small cities and reap big from their investments. Take heart @vvs. Only write ARM off if CDC bails completely.

@fyatu There is no guarantee that CDC will go the full mile. Plus how much exactly are we talking about for the recovery
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  | | Edit by user: Tuesday, August 21, 2018 9:36 AM | Reason: Not specified
Fyatu
#753 Posted : Tuesday, August 21, 2018 10:01:48 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
obiero wrote:
Fyatu wrote:
VituVingiSana wrote:
Even though I have written off my ARM - "prudence" - I might go in for more depending on what info we receive over the next 10 days (7 business days).
@xxxxx and @fyatu - In for a penny, in for a pound!
Applause Applause Applause

Question: I do not understand why the bank with the SMALLEST loan would do this to ARM?
Not Stanbic, not AFC but UBA.
Wouldn't CDC have consulted UBA before installing a new chairman?
And the LaFarge executive as a director?

There's more to this saga than meets the eye.



Recent press statements and newspaper articles have suggested that something is being done to restructure the balance sheet e.g., CDC will loan ARM some more money and IFC/or another investor will also buy out some of the debt and possibly acquire some equity at the "right price". Once this information is confirmed and the factories in Tanzania start posting positive return on capital then those already in will reap what they sow. It is naive to imagine this will happen overnight. Even @Mugundaman and @Wukan have a 10 year plus time frame for the dustbowl and its environs to become small cities and reap big from their investments. Take heart @vvs. Only write ARM off if CDC bails completely.

@fyatu There is no guarantee that CDC will go the full mile. Plus how much exactly are we talking about for the recovery


CDC are the majority shareholders with a 42% stake. Indications are they will weather the storm
Dumb money becomes dumb only when it listens to smart money
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obiero
#754 Posted : Tuesday, August 21, 2018 10:22:25 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,225
Location: nairobi
Fyatu wrote:
obiero wrote:
Fyatu wrote:
VituVingiSana wrote:
Even though I have written off my ARM - "prudence" - I might go in for more depending on what info we receive over the next 10 days (7 business days).
@xxxxx and @fyatu - In for a penny, in for a pound!
Applause Applause Applause

Question: I do not understand why the bank with the SMALLEST loan would do this to ARM?
Not Stanbic, not AFC but UBA.
Wouldn't CDC have consulted UBA before installing a new chairman?
And the LaFarge executive as a director?

There's more to this saga than meets the eye.



Recent press statements and newspaper articles have suggested that something is being done to restructure the balance sheet e.g., CDC will loan ARM some more money and IFC/or another investor will also buy out some of the debt and possibly acquire some equity at the "right price". Once this information is confirmed and the factories in Tanzania start posting positive return on capital then those already in will reap what they sow. It is naive to imagine this will happen overnight. Even @Mugundaman and @Wukan have a 10 year plus time frame for the dustbowl and its environs to become small cities and reap big from their investments. Take heart @vvs. Only write ARM off if CDC bails completely.

@fyatu There is no guarantee that CDC will go the full mile. Plus how much exactly are we talking about for the recovery


CDC are the majority shareholders with a 42% stake. Indications are they will weather the storm
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obiero
#755 Posted : Tuesday, August 21, 2018 10:34:11 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,225
Location: nairobi
ARM lost the USD 140m issued to it by CDC.. The person who sold to CDC knew exactly what he was upto.. ARM needs a minimum of KES 10B to ensure a full turnaround within the next five years https://www.businessdail...721922-r5xlnk/index.html
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  | | Edit by user: Tuesday, August 21, 2018 11:17 AM | Reason: Not specified
2012
#756 Posted : Tuesday, August 21, 2018 12:39:12 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Who would have seen this in 2008? ARM getting suspended? I remember EAPC was the company that never looked concrete, Bamburi would always be protected by Lafarge but they were not doing as well as ARM... Wow!

BBI will solve it :)
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obiero
#757 Posted : Tuesday, August 21, 2018 2:05:45 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,225
Location: nairobi
2012 wrote:
Who would have seen this in 2008? ARM getting suspended? I remember EAPC was the company that never looked concrete, Bamburi would always be protected by Lafarge but they were not doing as well as ARM... Wow!

The economy has been severely mismanaged since Kibaki left.. Many other smaller firms have wound up. Many more will close shop

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Ericsson
#758 Posted : Tuesday, August 21, 2018 2:17:40 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
obiero wrote:
2012 wrote:
Who would have seen this in 2008? ARM getting suspended? I remember EAPC was the company that never looked concrete, Bamburi would always be protected by Lafarge but they were not doing as well as ARM... Wow!

The economy has been severely mismanaged since Kibaki left.. Many other smaller firms have wound up. Many more will close shop


Now is the wrong time to mismanage a firm
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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the deal
#759 Posted : Wednesday, August 22, 2018 10:47:16 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
CDC got shafted...I think they couldn't trust the Paunaranas anymore thus admistration...anyways it's a smart decision...you can not solve a bad investment by throwing in more money unless you are @obiero of KQsmile smile smile ... they will be happy to salvage anything left of ARM after the lenders take they're dues. The ARM brand is damaged for good...look at Uchumi...Nakumatt...it's hard to recover from here...!
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  | | Edit by user: Wednesday, August 22, 2018 10:54 AM | Reason: Not specified
xxxxx
#760 Posted : Wednesday, August 22, 2018 11:06:58 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
the deal wrote:
CDC got shafted...I think they couldn't trust the Paunaranas anymore thus admistration...anyways it's a smart decision...you can not solve a bad investment by throwing in more money unless you are @obiero of KQsmile smile smile ... they will be happy to salvage anything left of ARM after the lenders take they're dues. The ARM brand is damaged for good...look at Uchumi...Nakumatt...it's hard to recover from here...!


CDC is not on board with "administration" however much they may have been shafted. Shame on you Shame on you Shame on you
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