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ARM Cement FY 2017 disaster - 6.5bn loss
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xxxxx
#111 Posted : Wednesday, June 27, 2018 12:59:15 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
Superprime1 wrote:
Ericsson wrote:
Share price imekataa kwenda above 3 bob.
Just plating between 2.50 and 2.95


ARM Cement in a press statement today:
"We once again need to reduce our group debt and restructure the balance sheet.

This restructuring process is underway; in the next few weeks we will be able to share with you the way forward for the business."


Last chance for all doubters to board this BUS. @Obiero, this is your cue to sell all those little pieces of shares or sharelets you call KQ and do real investment. Thank me letter.
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Pesa Nane
#112 Posted : Wednesday, June 27, 2018 1:18:37 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c



Pesa Nane plans to be shilingi when he grows up.
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obiero
#113 Posted : Wednesday, June 27, 2018 5:10:26 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Pesa Nane wrote:




The decency of an apology is noteworthy

KQ ABP 4.26
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Angelica _ann
#114 Posted : Wednesday, June 27, 2018 6:15:58 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Have all the Board vacant positions been filled?
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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obiero
#115 Posted : Wednesday, June 27, 2018 8:23:16 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Angelica _ann wrote:
Have all the Board vacant positions been filled?

I don't know

KQ ABP 4.26
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obiero
#116 Posted : Wednesday, June 27, 2018 8:53:33 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
Angelica _ann wrote:
Have all the Board vacant positions been filled?

I don't know

KQ ABP 4.26
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sparkly
#117 Posted : Thursday, June 28, 2018 7:37:38 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Pesa Nane wrote:





Restructuring... expect dilution.
Life is short. Live passionately.
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sparkly
#118 Posted : Thursday, June 28, 2018 7:44:34 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
xxxxx wrote:
Superprime1 wrote:
Ericsson wrote:
Share price imekataa kwenda above 3 bob.
Just plating between 2.50 and 2.95


ARM Cement in a press statement today:
"We once again need to reduce our group debt and restructure the balance sheet.

This restructuring process is underway; in the next few weeks we will be able to share with you the way forward for the business."


Last chance for all doubters to board this BUS. @Obiero, this is your cue to sell all those little pieces of shares or sharelets you call KQ and do real investment. [Colour=green] Thank me later[/colour].


Lol.

@VVS always wanted some ARM. I trust he also got some at these cheap prices.
Life is short. Live passionately.
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littledove
#119 Posted : Thursday, June 28, 2018 8:37:13 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
obiero wrote:
Pesa Nane wrote:




The decency of an apology is noteworthy


also noted that, seems they already have a deal, previously they were on panic mode even their communication signaled their desperation. Hope they will act swiftly like kenol kobil did.
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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VituVingiSana
#120 Posted : Thursday, June 28, 2018 9:11:11 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
sparkly wrote:
xxxxx wrote:
Superprime1 wrote:
Ericsson wrote:
Share price imekataa kwenda above 3 bob.
Just plating between 2.50 and 2.95


ARM Cement in a press statement today:
"We once again need to reduce our group debt and restructure the balance sheet.

This restructuring process is underway; in the next few weeks we will be able to share with you the way forward for the business."


Last chance for all doubters to board this BUS. @Obiero, this is your cue to sell all those little pieces of shares or sharelets you call KQ and do real investment. [Colour=green] Thank me later[/colour].


Lol.

@VVS always wanted some ARM. I trust he also got some at these cheap prices.

If I look at it from pure financial numbers, it looks good with a stated NAV/share of 20/- but it keeps on bleeding billions [I expect 1H to be a loss] and this reminds me of KQ. The difference is the fall was rapid vs the slow bleeding of KQ.

I didn’t buy any coz I didn’t have cash + I think there are better plays than this turnaround situation. I will wait for the 1H results.

If I had cash, I would rather buy Centum and NIC in the mid-30s.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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