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ARM HY2017
xxxxx
#941 Posted : Wednesday, November 07, 2018 11:12:32 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
VituVingiSana wrote:
Ericsson wrote:
https://kenyanwallstreet.com/dangote-confirms-talks-to-take-over-struggling-arm-cement/
And the penny drops. The Nigerian bank that placed ARM into administration was UBA which has ties to Dangote.


U mean Dangote buys dead things??
sparkly
#942 Posted : Wednesday, November 07, 2018 11:16:37 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
KRA demands ksh.451mn from ARM

Come rain, come shine... the vulture known as the Tax Man is always waiting...

KQ got a tax refund


KQ shows up on every thread.
Life is short. Live passionately.
shiznit
#943 Posted : Wednesday, November 07, 2018 11:17:32 AM
Rank: New-farer

Joined: 5/21/2013
Posts: 72
Location: KENYA
All this time and no-one has shared the Administrator's Proposal by PWC for ARM Cement here? Anyone? Ndio tuwache kuspeculate on meat-wrapper analysis please.
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
Ericsson
#944 Posted : Wednesday, November 07, 2018 11:26:24 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
xxxxx wrote:
VituVingiSana wrote:
Ericsson wrote:
https://kenyanwallstreet.com/dangote-confirms-talks-to-take-over-struggling-arm-cement/
And the penny drops. The Nigerian bank that placed ARM into administration was UBA which has ties to Dangote.


U mean Dangote buys dead things??


He will buy the stripped assets like the plant in Tanzania not the company as a whole
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Fyatu
#945 Posted : Wednesday, November 07, 2018 11:48:20 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
shiznit wrote:
All this time and no-one has shared the Administrator's Proposal by PWC for ARM Cement here? Anyone? Ndio tuwache kuspeculate on meat-wrapper analysis please.


Kenyan business journalist depend on press releases and sensalization as a source of news. How hard is it to take a matatu to Athi river(mzee Paunrana road) and see for yourself if the rotary kilns are rotating and whether it is true production is at 30% as claimed by Pradeep/Pwc? Wazua commentators are fond of throwing links from business daily, The sub-standard newspaper and even The star(which are all but press releases and fiction) hence speculation.
Dumb money becomes dumb only when it listens to smart money
Fyatu
#946 Posted : Wednesday, November 07, 2018 11:51:10 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Ericsson wrote:
xxxxx wrote:
VituVingiSana wrote:
Ericsson wrote:
https://kenyanwallstreet.com/dangote-confirms-talks-to-take-over-struggling-arm-cement/
And the penny drops. The Nigerian bank that placed ARM into administration was UBA which has ties to Dangote.


U mean Dangote buys dead things??


He will buy the stripped assets like the plant in Tanzania not the company as a whole



In Tanzania there are three factories. Grinding factory in Dar. Clinker factory in Tanga and yet to be completed grinding factory in Tanga.There are also mining licences(limestine deposits). Which of these are stripped assets?
Dumb money becomes dumb only when it listens to smart money
Ericsson
#947 Posted : Wednesday, November 07, 2018 12:00:49 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Fyatu wrote:
Ericsson wrote:
xxxxx wrote:
VituVingiSana wrote:
Ericsson wrote:
https://kenyanwallstreet.com/dangote-confirms-talks-to-take-over-struggling-arm-cement/
And the penny drops. The Nigerian bank that placed ARM into administration was UBA which has ties to Dangote.


U mean Dangote buys dead things??


He will buy the stripped assets like the plant in Tanzania not the company as a whole



In Tanzania there are three factories. Grinding factory in Dar. Clinker factory in Tanga and yet to be completed grinding factory in Tanga.There are also mining licences(limestine deposits). Which of these are stripped assets?


I meant dangote will decide for example to acquire the Tanzania business and leave out the Kenyan one;
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Fyatu
#948 Posted : Wednesday, November 07, 2018 12:19:48 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
Whenever i pass by the GTC towers in Westlands and see the amount of cement that has been consumed by this behemoth thus far, i feel so sad that my ARM might have missed this opportunity due to lack of production....when in Mombasa and just standing on B8 highway and counting the number of Bamburi ready mix concrete trucks headed to Amu tamu every morning i feel like crying knowing that my ARM is missing this opportunity. For those doubting if Jubilee administration is serious about Lappset, then they better get out of their sits hapo Nairobi and go witness for their selves the level of steel, hardcore and cement consumption that is ongoing there. As @Mugundaman usually says, Wakenya(haswa Nairobians) have this tendency of kelele kila saa thinking that Kenya is nairobi and Nairobi is Kenya etc. Sio kila saa kizungu mingi sijui national debts, sijui debt to gdp ratio, sijui euro bond etc

Hata Hola ni Kenya and Eurobond and China wu-yi company is doing wonders huko. Ask @Obiero and he will attest to this
Dumb money becomes dumb only when it listens to smart money
shiznit
#949 Posted : Wednesday, November 07, 2018 1:10:34 PM
Rank: New-farer

Joined: 5/21/2013
Posts: 72
Location: KENYA
Fyatu wrote:
Whenever i pass by the GTC towers in Westlands and see the amount of cement that has been consumed by this behemoth thus far, i feel so sad that my ARM might have missed this opportunity due to lack of production....when in Mombasa and just standing on B8 highway and counting the number of Bamburi ready mix concrete trucks headed to Amu tamu every morning i feel like crying knowing that my ARM is missing this opportunity. For those doubting if Jubilee administration is serious about Lappset, then they better get out of their sits hapo Nairobi and go witness for their selves the level of steel, hardcore and cement consumption that is ongoing there. As @Mugundaman usually says, Wakenya(haswa Nairobians) have this tendency of kelele kila saa thinking that Kenya is nairobi and Nairobi is Kenya etc. Sio kila saa kizungu mingi sijui national debts, sijui debt to gdp ratio, sijui euro bond etc

Hata Hola ni Kenya and Eurobond and China wu-yi company is doing wonders huko. Ask @Obiero and he will attest to this



Amu Tamu ni wapi? Are you referring to the Amu power plant?
“The market can remain irrational longer than you can remain solvent.” - John Maynard Keynes
Ebenyo
#950 Posted : Wednesday, November 07, 2018 1:19:29 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Angelica _ann wrote:
Ebenyo wrote:
lochaz-index wrote:
obiero wrote:
HaMaina wrote:
ARM sinks deeper after Sh21.3bn factory write off

https://www.businessdail...7376-x3hnexz/index.html

How @vvs ended up invested in a fraud company with KES 2.4B negative equity shows that no investor is safe in the NSE streets

The grave mistake was using NAV computations as the main criterion for investing in this firm. As long as the books of a company cannot be trusted it is useless to rely on any ratios or figures deduced from them. In this particular case the balance sheet and cashflow statement were diametrically opposed as to the state of the company's health. @VVS and other investors simply chose to ignore that which was quite blatantly open.


UK firm CDC couldnt see it and they pumped kshs 14 billion into ARM.i remember reading in the newspaper that Paunrama was weeping for ceding control to CDC.kumbe ilikuwa machozi ya ukora!


Laughing out loudly Laughing out loudly Laughing out loudly Taking 'us' to the cleaners.


Pole @Angelica-Ann,all of us equity investors are exposed to high risk.Hata mimi niko na stress kidogo kenya power.im not sure if i will get a dividend.
Towards the goal of financial freedom
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