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ARM: A Time To Board?
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Ericsson
#41 Posted : Wednesday, August 24, 2016 1:47:01 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
@VVS
More debt to be taken ndio hiyo

http://www.businessdaily...55592-paexjg/index.html

VituVingiSana wrote:
Ericsson wrote:
The debt will be paid down and the company will take in new debt to consolidate the expansion done so far.

What do you mean "consolidate the expansion"?
CDC might be a good source for new debt. Perhaps at better pricing than the current set of banks or CP.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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mkate_nusu
#42 Posted : Wednesday, August 24, 2016 1:04:37 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
ARM: A Time To Exit
KEGN, KPLC, KQ, SCOM
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sparkly
#43 Posted : Thursday, August 25, 2016 7:38:09 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
mkate_nusu wrote:
ARM: A Time To Exit


Time to exit was two years ago at 90.

Exit now, you miss the bull upswing.
Life is short. Live passionately.
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VituVingiSana
#44 Posted : Thursday, August 25, 2016 11:07:43 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Ericsson wrote:
@VVS
More debt to be taken ndio hiyo

http://www.businessdaily...55592-paexjg/index.html

VituVingiSana wrote:
Ericsson wrote:
The debt will be paid down and the company will take in new debt to consolidate the expansion done so far.

What do you mean "consolidate the expansion"?
CDC might be a good source for new debt. Perhaps at better pricing than the current set of banks or CP.

In the IM, they said that most of the $140mn [$90mn] would be used to pay down debt.

I think the Kitui project is at least 2 years away but with 40% of the shareholding, CDC will be in charge of all major financing decisions. The Veto is strong.

That said, I am NOT buying ARM until post-elections and seeing FY 2016 and 1H 2017 results.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Fyatu
#45 Posted : Thursday, August 25, 2016 11:57:56 AM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
any information on the proceedings of the extra-ordinary meeting happening today....I have checked twitter for info and even Aly-Khan Satchu has not tweeted about it or was the meeting postponed??
Dumb money becomes dumb only when it listens to smart money
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lochaz-index
#46 Posted : Thursday, August 25, 2016 12:06:06 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
VituVingiSana wrote:
Ericsson wrote:
@VVS
More debt to be taken ndio hiyo

http://www.businessdaily...55592-paexjg/index.html

VituVingiSana wrote:
Ericsson wrote:
The debt will be paid down and the company will take in new debt to consolidate the expansion done so far.

What do you mean "consolidate the expansion"?
CDC might be a good source for new debt. Perhaps at better pricing than the current set of banks or CP.

In the IM, they said that most of the $140mn [$90mn] would be used to pay down debt.

I think the Kitui project is at least 2 years away but with 40% of the shareholding, CDC will be in charge of all major financing decisions. The Veto is strong.

That said, I am NOT buying ARM until post-elections and seeing FY 2016 and 1H 2017 results.

I will also be looking at this stock sometime next year but once all the details come to light.
The main purpose of the stock market is to make fools of as many people as possible.
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VituVingiSana
#47 Posted : Thursday, August 25, 2016 2:08:10 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Fyatu wrote:
any information on the proceedings of the extra-ordinary meeting happening today....I have checked twitter for info and even Aly-Khan Satchu has not tweeted about it or was the meeting postponed??

Does AKS tweet for firms he doesn't do PR for?
Safaricom and KCB have only positive tweets.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Fyatu
#48 Posted : Thursday, August 25, 2016 2:15:43 PM
Rank: Veteran

Joined: 1/20/2011
Posts: 1,820
Location: Nakuru
VituVingiSana wrote:
Fyatu wrote:
any information on the proceedings of the extra-ordinary meeting happening today....I have checked twitter for info and even Aly-Khan Satchu has not tweeted about it or was the meeting postponed??

Does AKS tweet for firms he doesn't do PR for?
Safaricom and KCB have only positive tweets.


Eagerly awaiting to hear about what transpired today at EGM. I am very bullish on ARM...for the longterm
Dumb money becomes dumb only when it listens to smart money
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alotoftalk
#49 Posted : Sunday, September 25, 2016 3:58:28 AM
Rank: Member

Joined: 8/27/2015
Posts: 138
Location: Harare
Wondering if the appointment of two ex PPC Cement directors, Ketso and Pepe, to the ARM Board at the behest of CDC is a signal of how they plan to exit.

http://www.armcement.com...O-BOARD-OF-DIRECTORS.pdf
Investment philosophy development in progress...
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Aguytrying
#50 Posted : Sunday, September 25, 2016 2:43:01 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
The price is getting very tempting day by day.
The investor's chief problem - and even his worst enemy - is likely to be himself
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