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ARM Cement FY 2017 disaster - 6.5bn loss
Rank: Elder Joined: 12/4/2009 Posts: 10,696 Location: NAIROBI
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ARM FY2017Net loss amounted to ksh.6.549bn compared to 2.8bn in FY2016 Group current liabilities exceed current assets by ksh.13.471bn compared to sh.5.873bn in FY2016 Accumulated losses amount to ksh.2.948bn compared to accumulated surplus of sh.2.52bn in FY2016 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 2/27/2018 Posts: 56 Location: Cambrian Dc
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Ericsson wrote:Net loss amounted to ksh.6.549bn compared to 2.8bn in FY2016
Group current liabilities exceed current assets by ksh.13.471bn compared to sh.5.873bn in FY2016
Accumulated losses amount to ksh.2.948bn compared to accumulated surplus of sh.2.52bn in FY2016
Habari ndiyo hiyo! Tukutane sokoni jumatatu. If the radiance of a thousand suns were to burst at once into the sky that would be like the splendour of the mighty one.
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Rank: New-farer Joined: 9/12/2014 Posts: 31
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ARM have finally released results;
Loss after tax increased from 2.8B in 2016 to 7B in 2017.
EPS reduced from -2.92 in 2016 to -6.83 in 2017.
Horrible results; no wonder they released them when the market is closed. Speculators who have been playing with fire...get fire proof blankets because by the time the T + 3 rule at NSE avails share for you to dispose, the price will most likely be much lower. It had already started stagnating by yesterday so it will most likely head south when the market opens on Monday.
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Ericsson wrote:Net loss amounted to ksh.6.549bn compared to 2.8bn in FY2016
Group current liabilities exceed current assets by ksh.13.471bn compared to sh.5.873bn in FY2016
Accumulated losses amount to ksh.2.948bn compared to accumulated surplus of sh.2.52bn in FY2016
Link? @pesanane Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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VituVingiSana wrote:Ericsson wrote:Net loss amounted to ksh.6.549bn compared to 2.8bn in FY2016
Group current liabilities exceed current assets by ksh.13.471bn compared to sh.5.873bn in FY2016
Accumulated losses amount to ksh.2.948bn compared to accumulated surplus of sh.2.52bn in FY2016
Link? @pesanane Looks very bad, rivaling KQ!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Ericsson wrote:Net loss amounted to ksh.6.549bn compared to 2.8bn in FY2016
Group current liabilities exceed current assets by ksh.13.471bn compared to sh.5.873bn in FY2016
Accumulated losses amount to ksh.2.948bn compared to accumulated surplus of sh.2.52bn in FY2016
Meaning there is no company but a debt to be paid not counting shareholders stake "Don't let the fear of losing be greater than the excitement of winning."
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Rank: New-farer Joined: 2/8/2018 Posts: 73
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Free advice to my all, flee when you still have a chance.
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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RIEK01 wrote:Free advice to my all, flee when you still have a chance. Too late. This is where you show up to the market with overripe fruit and no one looks at them. You watch them rot over the next few days all the time offering a lower and lower price and still no one will touch them! HAFR taught me that  Start!
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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Metch wrote:RIEK01 wrote:Free advice to my all, flee when you still have a chance. Too late. This is where you show up to the market with overripe fruit and no one looks at them. You watch them rot over the next few days all the time offering a lower and lower price and still no one will touch them! HAFR taught me that Woiye
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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So ARM is more efficient than Mombasa, EAPCC and Savannah ie it has 13.5% market share for 1mn ton capacity. National has just 8% for 1mn tons. Mombasa has 1.6mn tons while EAPCC has 1.3mn tons capacity but the market share for Mombasa isn’t much higher. Why does EAPCC have 15% market share, the same as Savannah which has 1.5mn tons? Is it more efficient? Bamburi has 15% market share per 1mn tons. The most productive of the lot. Of course, there are many nuances. Quality eg Bamburi supplies the bulk of cement for SGR. Some producers may sell less (high quality) cement at higher prices or at higher margins. An interesting table. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Cash call in t he offing by looking for more strategic partners. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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it's upon shareholders to inject capital or it dies,i doubt any lender can risk their money on this one,if you have a live pending buy order do the necessary now,tomorrow the exit will be very congested "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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mlennyma wrote:it's upon shareholders to inject capital or it dies,i doubt any lender can risk their money on this one,if you have a live pending buy order do the necessary now,tomorrow the exit will be very congested Kwani, watu watauza hisa kesho jumapili  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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VituVingiSana wrote:mlennyma wrote:it's upon shareholders to inject capital or it dies,i doubt any lender can risk their money on this one,if you have a live pending buy order do the necessary now,tomorrow the exit will be very congested Kwani, watu watauza hisa kesho jumapili holiday confusion but anyone inside wishes tomorrow was a working day to run away "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Greedy investors made my buy order at 2.50 not go through, I now think they saved me "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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mlennyma wrote:Greedy investors made my buy order at 2.50 not go through, I now think they saved me They certainly saved you
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:mlennyma wrote:Greedy investors made my buy order at 2.50 not go through, I now think they saved me They certainly saved you You don't know what you're missing
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ARM Cement FY 2017 disaster - 6.5bn loss
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