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ARM HY2017
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Spikes
#891 Posted : Friday, October 26, 2018 4:39:50 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
rwitre wrote:
sparkly wrote:
littledove wrote:
https://af.reuters.com/article/investingNews/idAFKCN1MW1KK-OZABS

The level of leverage is significant so what we are seeking to do is to get approval to run a transaction process, aimed at disposing a subsidiary or certain assets to bring cash to reduce the debt,” Weru said.

“In the meantime we recommend that operations are continued and therefore we are also seeking permission to engage financiers for capital.”



Exactly what Paunrana was working on.


Consultants are paid millions to tell the world the obvious.


Tomorrow's paper: PwC chiefs earn Sh43,000 an hour for troubled ARM job. Get a copy of Friday's @BD_Africa


Bogus PWC chiefs masquerading as saviours as if they'll resurrect the firm from its financial troubles. Where were they hiding when the firm was going under? Nkt. ...
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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obiero
#892 Posted : Friday, October 26, 2018 6:22:50 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,222
Location: nairobi
Spikes wrote:
rwitre wrote:
sparkly wrote:
littledove wrote:
https://af.reuters.com/article/investingNews/idAFKCN1MW1KK-OZABS

The level of leverage is significant so what we are seeking to do is to get approval to run a transaction process, aimed at disposing a subsidiary or certain assets to bring cash to reduce the debt,” Weru said.

“In the meantime we recommend that operations are continued and therefore we are also seeking permission to engage financiers for capital.”



Exactly what Paunrana was working on.


Consultants are paid millions to tell the world the obvious.


Tomorrow's paper: PwC chiefs earn Sh43,000 an hour for troubled ARM job. Get a copy of Friday's @BD_Africa


Bogus PWC chiefs masquerading as saviours as if they'll resurrect the firm from its financial troubles. Where were they hiding when the firm was going under? Nkt. ...

Very bogus move whose tab is being picked up by ARM

KQ ABP 4.26
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smitha
#893 Posted : Friday, October 26, 2018 9:38:33 AM
Rank: New-farer

Joined: 6/10/2013
Posts: 52
As much as the PWC fees seem high, surely they are cheaper than what the directors were getting paid?

Now seems to be a good time for Dangote to swoop and acquire the firm on the cheap. Shareholders surely will be happy to see upwards of 10 bob a share compared to what CDC paid for a share.
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VituVingiSana
#894 Posted : Friday, October 26, 2018 9:43:53 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
smitha wrote:
As much as the PWC fees seem high, surely they are cheaper than what the directors were getting paid?

Now seems to be a good time for Dangote to swoop and acquire the firm on the cheap. Shareholders surely will be happy to see upwards of 10 bob a share compared to what CDC paid for a share.
Except for Paunrana, the rest of the management may still be around and getting paid for twiddling their thumbs.
The "problem" is the low production due to lack of cash means it still makes an operating loss.
I am not sure what happened between CDC and the Banks but Paunrana hinted at it in an interview.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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xxxxx
#895 Posted : Friday, October 26, 2018 10:27:24 AM
Rank: Member

Joined: 3/20/2008
Posts: 503
muandiwambeu wrote:
rwitre wrote:
sparkly wrote:
littledove wrote:
https://af.reuters.com/article/investingNews/idAFKCN1MW1KK-OZABS

The level of leverage is significant so what we are seeking to do is to get approval to run a transaction process, aimed at disposing a subsidiary or certain assets to bring cash to reduce the debt,” Weru said.

“In the meantime we recommend that operations are continued and therefore we are also seeking permission to engage financiers for capital.”



Exactly what Paunrana was working on.


Consultants are paid millions to tell the world the obvious.


Tomorrow's paper: PwC chiefs earn Sh43,000 an hour for troubled ARM job. Get a copy of Friday's @BD_Africa

That one will be an interesting read for @xxxx and vvs. Phew!¡


Chief, there's nothing new that I can glean off these new events. As someone stated up there, whatever is happening is exactly what Paunrana was already doing. Always try as much as possible to get your entry price right when investing in "work-outs" You will sleep quite well at night.
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Ericsson
#896 Posted : Friday, October 26, 2018 10:55:01 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
smitha wrote:
As much as the PWC fees seem high, surely they are cheaper than what the directors were getting paid?

Now seems to be a good time for Dangote to swoop and acquire the firm on the cheap. Shareholders surely will be happy to see upwards of 10 bob a share compared to what CDC paid for a share.


After paying off the debts the outstanding value for ARM will be peanuts.
Don't confuse ARM value with KK
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#897 Posted : Friday, October 26, 2018 7:43:07 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
xxxxx wrote:
muandiwambeu wrote:
rwitre wrote:
sparkly wrote:
littledove wrote:
https://af.reuters.com/article/investingNews/idAFKCN1MW1KK-OZABS

The level of leverage is significant so what we are seeking to do is to get approval to run a transaction process, aimed at disposing a subsidiary or certain assets to bring cash to reduce the debt,” Weru said.

“In the meantime we recommend that operations are continued and therefore we are also seeking permission to engage financiers for capital.”



Exactly what Paunrana was working on.


Consultants are paid millions to tell the world the obvious.


Tomorrow's paper: PwC chiefs earn Sh43,000 an hour for troubled ARM job. Get a copy of Friday's @BD_Africa

That one will be an interesting read for @xxxx and vvs. Phew!¡


Chief, there's nothing new that I can glean off these new events. As someone stated up there, whatever is happening is exactly what Paunrana was already doing. Always try as much as possible to get your entry price right when investing in "work-outs" You will sleep quite well at night.



BusinessDailyAfrica wrote:
Troubled ARM Cement’s administrators, PricewaterhouseCoopers (PwC), have billed the company a total of Sh73.5 million in fees since their appointment on August 17, according to disclosures made by the advisory firm.

A PwC report on the affairs of the cement maker shows that the consultancy firm charged a fee of $650,000 (Sh65.6 million) for the first three months of their one-year mandate.
Life is short. Live passionately.
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  | | Edit by user: Friday, October 26, 2018 7:45 PM | Reason: Not specified
smitha
#898 Posted : Monday, October 29, 2018 8:45:58 AM
Rank: New-farer

Joined: 6/10/2013
Posts: 52
Anyone know whether suspension has been lifted or extended?
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Ericsson
#899 Posted : Monday, October 29, 2018 9:23:46 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
smitha wrote:
Anyone know whether suspension has been lifted or extended?

Forget the counter
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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smitha
#900 Posted : Monday, October 29, 2018 1:53:18 PM
Rank: New-farer

Joined: 6/10/2013
Posts: 52
Deliberate ploy to cripple ARM and buy it on the cheap?

https://www.tuko.co.ke/2...ses-eyebrows.html#290240
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