Wazua
»
Investor
»
Stocks
»
ARM Cement HY18
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
wukan wrote:xxxxx wrote:Ericsson wrote:VituVingiSana wrote:Even though I have no interest in ARM - my shares are worthless - I hope ARM succeeds under the new owners. It gladdens my heart to see local firms succeed.
Those jobs create a cascading benefit for the communities and for Kenyans. @Obiero Perform the final rites for this counter then we close the thread.  first answer my question......when do the fake shares disappear from our CDs accounts? It's a cremation ceremony with so many wazuans burnt to recognition. @xxxxx woi  please hit the switch, the ashes will be collected later. Like the 1000 notes. https://www.the-star.co....1000-notes-upon-expiry/ Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
xxxxx wrote:Ericsson wrote:VituVingiSana wrote:Even though I have no interest in ARM - my shares are worthless - I hope ARM succeeds under the new owners. It gladdens my heart to see local firms succeed.
Those jobs create a cascading benefit for the communities and for Kenyans. @Obiero Perform the final rites for this counter then we close the thread. first answer my question......when do the fake shares disappear from our CDs accounts? Fake shares disappear after acquisition approval by Competition Authority and delisting approval by CMA Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
VituVingiSana wrote:Ericsson wrote:VituVingiSana wrote:Even though I have no interest in ARM - my shares are worthless - I hope ARM succeeds under the new owners. It gladdens my heart to see local firms succeed.
Those jobs create a cascading benefit for the communities and for Kenyans. @Obiero Perform the final rites for this counter then we close the thread. I nominate @xxxxx or @Fyatu. @Obiero will get his chance at another counter. Probably in 2020/21. A letter to shareholders should suffice explaining how the measly Kshs. 16 billion has been shared by creditors. The CMA and/or administrators owe us(shareholders) one. Only then shall we sing "luwere Nyasaye amulinde". The lessons learnt here have been bitter, but i soldier on. On the other hand, Some wealthsmiths located on Waiyaki way had impaired approximately Kshs. 1 billions that ARM and others owed them. I am guessing their books will now look rather pretty once the undertaker is done here...i speak in code Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
Tycoon Jaswant Rai has lost the billionaire court fight to buy troubled cement maker Athi River Mining (ARM) for Sh6.5 billion to rival businessman Narendra Raval ‘Guru’ of National Cement. The High Court yesterday gave Mr Raval the green light to acquire Kenya’s second-biggest cement maker for Sh5 billion, raising doubts that a consortium, including Mr Rai and former ARM chief executive and owner Pradeep Paunrana, could raise their Sh6.5 billion offer. Justice Mary Kasango said Mr Rai was not part of the court process challenging the sale and that his late inclusion in the Sh6.5 billion offer introduced ‘hidden’ clauses the court was not privy to. https://www.businessdail...289342-eshxuy/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
Ericsson wrote:Tycoon Jaswant Rai has lost the billionaire court fight to buy troubled cement maker Athi River Mining (ARM) for Sh6.5 billion to rival businessman Narendra Raval ‘Guru’ of National Cement. The High Court yesterday gave Mr Raval the green light to acquire Kenya’s second-biggest cement maker for Sh5 billion, raising doubts that a consortium, including Mr Rai and former ARM chief executive and owner Pradeep Paunrana, could raise their Sh6.5 billion offer. Justice Mary Kasango said Mr Rai was not part of the court process challenging the sale and that his late inclusion in the Sh6.5 billion offer introduced ‘hidden’ clauses the court was not privy to. https://www.businessdail...89342-eshxuy/index.html
Business daily should stop reporting the obvious and focus on telling Kenyans what happens next now that ARM has been sold. The question on everyones mouth is how the carcass is going to be shared...Who gets what and who gets nothing...? sio kizungu mingi ya sijui JS Rai, Paunrana etc Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Member Joined: 3/20/2008 Posts: 503
|
Fyatu wrote:Ericsson wrote:Tycoon Jaswant Rai has lost the billionaire court fight to buy troubled cement maker Athi River Mining (ARM) for Sh6.5 billion to rival businessman Narendra Raval ‘Guru’ of National Cement. The High Court yesterday gave Mr Raval the green light to acquire Kenya’s second-biggest cement maker for Sh5 billion, raising doubts that a consortium, including Mr Rai and former ARM chief executive and owner Pradeep Paunrana, could raise their Sh6.5 billion offer. Justice Mary Kasango said Mr Rai was not part of the court process challenging the sale and that his late inclusion in the Sh6.5 billion offer introduced ‘hidden’ clauses the court was not privy to. https://www.businessdail...89342-eshxuy/index.html
Business daily should stop reporting the obvious and focus on telling Kenyans what happens next now that ARM has been sold. The question on everyones mouth is how the carcass is going to be shared...Who gets what and who gets nothing...? sio kizungu mingi ya sijui JS Rai, Paunrana etc Comrade Fyatu.....U and other Wanjiku equity investors get NOTHING... Time to move on bro . You heard it here first. Ask @VVS to lend u his pen so you can also write off your position in ARM.
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
xxxxx wrote:Fyatu wrote:Ericsson wrote:Tycoon Jaswant Rai has lost the billionaire court fight to buy troubled cement maker Athi River Mining (ARM) for Sh6.5 billion to rival businessman Narendra Raval ‘Guru’ of National Cement. The High Court yesterday gave Mr Raval the green light to acquire Kenya’s second-biggest cement maker for Sh5 billion, raising doubts that a consortium, including Mr Rai and former ARM chief executive and owner Pradeep Paunrana, could raise their Sh6.5 billion offer. Justice Mary Kasango said Mr Rai was not part of the court process challenging the sale and that his late inclusion in the Sh6.5 billion offer introduced ‘hidden’ clauses the court was not privy to. https://www.businessdail...89342-eshxuy/index.html
Business daily should stop reporting the obvious and focus on telling Kenyans what happens next now that ARM has been sold. The question on everyones mouth is how the carcass is going to be shared...Who gets what and who gets nothing...? sio kizungu mingi ya sijui JS Rai, Paunrana etc Comrade Fyatu..... U and other Wanjiku equity investors get NOTHING... Time to move on bro . You heard it here first. Ask @VVS to lend u his pen so you can also write off your position in ARM. A bitter pill to swallow this...reminds of chloroquine back in the day. Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Member Joined: 3/20/2008 Posts: 503
|
Fyatu wrote:xxxxx wrote:Fyatu wrote:Ericsson wrote:Tycoon Jaswant Rai has lost the billionaire court fight to buy troubled cement maker Athi River Mining (ARM) for Sh6.5 billion to rival businessman Narendra Raval ‘Guru’ of National Cement. The High Court yesterday gave Mr Raval the green light to acquire Kenya’s second-biggest cement maker for Sh5 billion, raising doubts that a consortium, including Mr Rai and former ARM chief executive and owner Pradeep Paunrana, could raise their Sh6.5 billion offer. Justice Mary Kasango said Mr Rai was not part of the court process challenging the sale and that his late inclusion in the Sh6.5 billion offer introduced ‘hidden’ clauses the court was not privy to. https://www.businessdail...89342-eshxuy/index.html
Business daily should stop reporting the obvious and focus on telling Kenyans what happens next now that ARM has been sold. The question on everyones mouth is how the carcass is going to be shared...Who gets what and who gets nothing...? sio kizungu mingi ya sijui JS Rai, Paunrana etc Comrade Fyatu..... U and other Wanjiku equity investors get NOTHING... Time to move on bro . You heard it here first. Ask @VVS to lend u his pen so you can also write off your position in ARM. A bitter pill to swallow this...reminds of chloroquine back in the day. Worry not coz we've all swallowed it...and every dog gets its day in the sun....Many more are due to face it after us.
|
|
|
Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
|
xxxxx wrote:Fyatu wrote:xxxxx wrote:Fyatu wrote:Ericsson wrote:Tycoon Jaswant Rai has lost the billionaire court fight to buy troubled cement maker Athi River Mining (ARM) for Sh6.5 billion to rival businessman Narendra Raval ‘Guru’ of National Cement. The High Court yesterday gave Mr Raval the green light to acquire Kenya’s second-biggest cement maker for Sh5 billion, raising doubts that a consortium, including Mr Rai and former ARM chief executive and owner Pradeep Paunrana, could raise their Sh6.5 billion offer. Justice Mary Kasango said Mr Rai was not part of the court process challenging the sale and that his late inclusion in the Sh6.5 billion offer introduced ‘hidden’ clauses the court was not privy to. https://www.businessdail...89342-eshxuy/index.html
Business daily should stop reporting the obvious and focus on telling Kenyans what happens next now that ARM has been sold. The question on everyones mouth is how the carcass is going to be shared...Who gets what and who gets nothing...? sio kizungu mingi ya sijui JS Rai, Paunrana etc Comrade Fyatu..... U and other Wanjiku equity investors get NOTHING... Time to move on bro . You heard it here first. Ask @VVS to lend u his pen so you can also write off your position in ARM. A bitter pill to swallow this...reminds of chloroquine back in the day. Worry not coz we've all swallowed it...and every dog gets its day in the sun....Many more are due to face it after us. Asante sana Dumb money becomes dumb only when it listens to smart money
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
Chinese building materials manufacturer Huaxin Cement Company has acquired ARM Cement’s Tanzania subsidiary, Maweni Limestone Ltd., for $116 million (Sh11.95 billion). https://www.construction...huaxin-maweni-limestone/Life is short. Live passionately.
|
|
|
Rank: Member Joined: 3/20/2008 Posts: 503
|
[quote=sparkly]Chinese building materials manufacturer Huaxin Cement Company has acquired ARM Cement’s Tanzania subsidiary, Maweni Limestone Ltd., for $116 million (Sh11.95 billion). https://www.construction...uaxin-maweni-limestone/[/quote] I thought this thread was closed with last funeral rights by Obiero.....@Sparkly, please let us grieve in peace
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
[quote=sparkly]Chinese building materials manufacturer Huaxin Cement Company has acquired ARM Cement’s Tanzania subsidiary, Maweni Limestone Ltd., for $116 million (Sh11.95 billion). https://www.construction...uaxin-maweni-limestone/[/quote] @sparkly This was shared last week Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
|
Ericsson wrote:[quote=sparkly]Chinese building materials manufacturer Huaxin Cement Company has acquired ARM Cement’s Tanzania subsidiary, Maweni Limestone Ltd., for $116 million (Sh11.95 billion). https://www.construction...uaxin-maweni-limestone/[/quote] @sparkly This was shared last week Didn't see it. Apologies for duplication though Life is short. Live passionately.
|
|
|
Rank: Elder Joined: 12/7/2012 Posts: 11,908
|
British fund writes off Sh14bn investment in ARM Cement https://www.businessdail...73628-93jf8jz/index.htmlIn the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
|
|
|
Rank: Member Joined: 7/1/2019 Posts: 119
|
Wow! 14b to 372m in two years. This is serious.
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
Receptor wrote:Wow! 14b to 372m in two years. This is serious. They don't care,after all its UK government/taxpayers money Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Member Joined: 11/17/2018 Posts: 173 Location: Mars
|
Ericsson wrote:Receptor wrote:Wow! 14b to 372m in two years. This is serious. They don't care,after all its UK government/taxpayers money Hardly a blip in a £4.3 billion portfolio.
|
|
|
Rank: Member Joined: 7/1/2019 Posts: 119
|
Extraterrestrial wrote:Ericsson wrote:Receptor wrote:Wow! 14b to 372m in two years. This is serious. They don't care,after all its UK government/taxpayers money Hardly a blip in a £4.3 billion portfolio. So existing ARM shareholders will receive 0.93 cents per share going by the revelations of this article?
|
|
|
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
|
Receptor wrote:Extraterrestrial wrote:Ericsson wrote:Receptor wrote:Wow! 14b to 372m in two years. This is serious. They don't care,after all its UK government/taxpayers money Hardly a blip in a £4.3 billion portfolio. So existing ARM shareholders will receive 0.93 cents per share going by the revelations of this article? Something is better then nothing 
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
|
Athi River Mining is shutting down. The company will transition from administration to liquidation on September 30. PWC says the cement maker cannot be salvaged. Secured creditors estimated to recover 34-70% and unsecured 1.8% to 6.5%. Higher recoveries of 70% & 6.5% only possible of Tanzania and Kenya tax claims are successful. The company will then be delisted. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Wazua
»
Investor
»
Stocks
»
ARM Cement HY18
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|