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ARM HY2017
Rank: Veteran Joined: 1/20/2011 Posts: 1,822 Location: Nakuru
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VituVingiSana wrote:Even though I have written off my ARM - "prudence" - I might go in for more depending on what info we receive over the next 10 days (7 business days). @xxxxx and @fyatu - In for a penny, in for a pound!  Question: I do not understand why the bank with the SMALLEST loan would do this to ARM? Not Stanbic, not AFC but UBA. Wouldn't CDC have consulted UBA before installing a new chairman? And the LaFarge executive as a director? There's more to this saga than meets the eye. Recent press statements and newspaper articles have suggested that something is being done to restructure the balance sheet e.g., CDC will loan ARM some more money and IFC/or another investor will also buy out some of the debt and possibly acquire some equity at the "right price". Once this information is confirmed and the factories in Tanzania start posting positive return on capital then those already in will reap what they sow. It is naive to imagine this will happen overnight. Even @Mugundaman and @Wukan have a 10 year plus time frame for the dustbowl and its environs to become small cities and reap big from their investments. Take heart @vvs. Only write ARM off if CDC bails completely. Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/23/2009 Posts: 14,331 Location: nairobi
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Fyatu wrote:VituVingiSana wrote:Even though I have written off my ARM - "prudence" - I might go in for more depending on what info we receive over the next 10 days (7 business days). @xxxxx and @fyatu - In for a penny, in for a pound! Question: I do not understand why the bank with the SMALLEST loan would do this to ARM? Not Stanbic, not AFC but UBA. Wouldn't CDC have consulted UBA before installing a new chairman? And the LaFarge executive as a director? There's more to this saga than meets the eye. Recent press statements and newspaper articles have suggested that something is being done to restructure the balance sheet e.g., CDC will loan ARM some more money and IFC/or another investor will also buy out some of the debt and possibly acquire some equity at the "right price". Once this information is confirmed and the factories in Tanzania start posting positive return on capital then those already in will reap what they sow. It is naive to imagine this will happen overnight. Even @Mugundaman and @Wukan have a 10 year plus time frame for the dustbowl and its environs to become small cities and reap big from their investments. Take heart @vvs. Only write ARM off if CDC bails completely. @fyatu There is no guarantee that CDC will go the full mile. Plus how much exactly are we talking about for the recovery  COOP, IMH, KEGN, KQ, MTNU
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Rank: Veteran Joined: 1/20/2011 Posts: 1,822 Location: Nakuru
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obiero wrote:Fyatu wrote:VituVingiSana wrote:Even though I have written off my ARM - "prudence" - I might go in for more depending on what info we receive over the next 10 days (7 business days). @xxxxx and @fyatu - In for a penny, in for a pound! Question: I do not understand why the bank with the SMALLEST loan would do this to ARM? Not Stanbic, not AFC but UBA. Wouldn't CDC have consulted UBA before installing a new chairman? And the LaFarge executive as a director? There's more to this saga than meets the eye. Recent press statements and newspaper articles have suggested that something is being done to restructure the balance sheet e.g., CDC will loan ARM some more money and IFC/or another investor will also buy out some of the debt and possibly acquire some equity at the "right price". Once this information is confirmed and the factories in Tanzania start posting positive return on capital then those already in will reap what they sow. It is naive to imagine this will happen overnight. Even @Mugundaman and @Wukan have a 10 year plus time frame for the dustbowl and its environs to become small cities and reap big from their investments. Take heart @vvs. Only write ARM off if CDC bails completely. @fyatu There is no guarantee that CDC will go the full mile. Plus how much exactly are we talking about for the recovery CDC are the majority shareholders with a 42% stake. Indications are they will weather the storm Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/23/2009 Posts: 14,331 Location: nairobi
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Fyatu wrote:obiero wrote:Fyatu wrote:VituVingiSana wrote:Even though I have written off my ARM - "prudence" - I might go in for more depending on what info we receive over the next 10 days (7 business days). @xxxxx and @fyatu - In for a penny, in for a pound! Question: I do not understand why the bank with the SMALLEST loan would do this to ARM? Not Stanbic, not AFC but UBA. Wouldn't CDC have consulted UBA before installing a new chairman? And the LaFarge executive as a director? There's more to this saga than meets the eye. Recent press statements and newspaper articles have suggested that something is being done to restructure the balance sheet e.g., CDC will loan ARM some more money and IFC/or another investor will also buy out some of the debt and possibly acquire some equity at the "right price". Once this information is confirmed and the factories in Tanzania start posting positive return on capital then those already in will reap what they sow. It is naive to imagine this will happen overnight. Even @Mugundaman and @Wukan have a 10 year plus time frame for the dustbowl and its environs to become small cities and reap big from their investments. Take heart @vvs. Only write ARM off if CDC bails completely. @fyatu There is no guarantee that CDC will go the full mile. Plus how much exactly are we talking about for the recovery CDC are the majority shareholders with a 42% stake. Indications are they will weather the storm  COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 6/23/2009 Posts: 14,331 Location: nairobi
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ARM lost the USD 140m issued to it by CDC.. The person who sold to CDC knew exactly what he was upto.. ARM needs a minimum of KES 10B to ensure a full turnaround within the next five years https://www.businessdail...721922-r5xlnk/index.html COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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Who would have seen this in 2008? ARM getting suspended? I remember EAPC was the company that never looked concrete, Bamburi would always be protected by Lafarge but they were not doing as well as ARM... Wow!
BBI will solve it :)
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Rank: Elder Joined: 6/23/2009 Posts: 14,331 Location: nairobi
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2012 wrote:Who would have seen this in 2008? ARM getting suspended? I remember EAPC was the company that never looked concrete, Bamburi would always be protected by Lafarge but they were not doing as well as ARM... Wow! The economy has been severely mismanaged since Kibaki left.. Many other smaller firms have wound up. Many more will close shop COOP, IMH, KEGN, KQ, MTNU
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Rank: Elder Joined: 12/4/2009 Posts: 10,823 Location: NAIROBI
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obiero wrote:2012 wrote:Who would have seen this in 2008? ARM getting suspended? I remember EAPC was the company that never looked concrete, Bamburi would always be protected by Lafarge but they were not doing as well as ARM... Wow! The economy has been severely mismanaged since Kibaki left.. Many other smaller firms have wound up. Many more will close shop Now is the wrong time to mismanage a firm Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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CDC got shafted...I think they couldn't trust the Paunaranas anymore thus admistration...anyways it's a smart decision...you can not solve a bad investment by throwing in more money unless you are @obiero of KQ  ... they will be happy to salvage anything left of ARM after the lenders take they're dues. The ARM brand is damaged for good...look at Uchumi...Nakumatt...it's hard to recover from here...!
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Rank: Member Joined: 3/20/2008 Posts: 503
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