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ARM HY2017
VituVingiSana
#961 Posted : Thursday, November 08, 2018 6:11:23 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,907
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
littledove wrote:
https://www.businessdailyafrica.com/news/Dangote-in-race-to-buy-troubled-ARM-Cement/539546-4842116-view-asAMP-ksxd19/index.html
PwC said the process of selling ARM or part of its assets was being handled by South African banking giant Absa, which was appointed as the transaction adviser.

“Various parties have been in contact with the administrators expressing interest in the company’s businesses and assets in both Kenya and Tanzania,” the administrators said in a report to ARM’s creditors.

“The transaction roadmap that has been agreed with Absa envisages receipt of binding offers by the end of January 2019.”

PwC will be able to receive more bids until December 3, after which shortlisted firms will be allowed to start their due diligence, including interviewing management. 
Applause Applause Applause
I will have my hands full signing sale/offer documents in 2019!
KK, and possibly Unga. Perhaps even ARM. Applause Applause Applause


Will there be anything left for ordinary shareholders

Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#962 Posted : Thursday, November 08, 2018 6:23:37 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,632
Location: nairobi
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
littledove wrote:
https://www.businessdailyafrica.com/news/Dangote-in-race-to-buy-troubled-ARM-Cement/539546-4842116-view-asAMP-ksxd19/index.html
PwC said the process of selling ARM or part of its assets was being handled by South African banking giant Absa, which was appointed as the transaction adviser.

“Various parties have been in contact with the administrators expressing interest in the company’s businesses and assets in both Kenya and Tanzania,” the administrators said in a report to ARM’s creditors.

“The transaction roadmap that has been agreed with Absa envisages receipt of binding offers by the end of January 2019.”

PwC will be able to receive more bids until December 3, after which shortlisted firms will be allowed to start their due diligence, including interviewing management. 
Applause Applause Applause
I will have my hands full signing sale/offer documents in 2019!
KK, and possibly Unga. Perhaps even ARM. Applause Applause Applause


Will there be anything left for ordinary shareholders


Hallucinations. ARM will have nothing left
COOP 5,500; KCB 2,500; KQ 95,000
VituVingiSana
#963 Posted : Thursday, November 08, 2018 6:54:34 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,907
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
littledove wrote:
https://www.businessdailyafrica.com/news/Dangote-in-race-to-buy-troubled-ARM-Cement/539546-4842116-view-asAMP-ksxd19/index.html
PwC said the process of selling ARM or part of its assets was being handled by South African banking giant Absa, which was appointed as the transaction adviser.

“Various parties have been in contact with the administrators expressing interest in the company’s businesses and assets in both Kenya and Tanzania,” the administrators said in a report to ARM’s creditors.

“The transaction roadmap that has been agreed with Absa envisages receipt of binding offers by the end of January 2019.”

PwC will be able to receive more bids until December 3, after which shortlisted firms will be allowed to start their due diligence, including interviewing management. 
Applause Applause Applause
I will have my hands full signing sale/offer documents in 2019!
KK, and possibly Unga. Perhaps even ARM. Applause Applause Applause


Will there be anything left for ordinary shareholders


Hallucinations. ARM will have nothing left
On ARM, whatever I may get will be like the expensive toy behind the window we admire but know we are unlikely to get.
I wrote it off after 2 days of angst but just like that girl that got away but who we think of once in a while, even when we are in a happy relationship.

ARM was a mpango for me. It was exciting. Lakini, nimerudi nyumbani to my boring KK, Unga, KenRe na kadhalika.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#964 Posted : Friday, November 09, 2018 2:04:12 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,632
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
littledove wrote:
https://www.businessdailyafrica.com/news/Dangote-in-race-to-buy-troubled-ARM-Cement/539546-4842116-view-asAMP-ksxd19/index.html
PwC said the process of selling ARM or part of its assets was being handled by South African banking giant Absa, which was appointed as the transaction adviser.

“Various parties have been in contact with the administrators expressing interest in the company’s businesses and assets in both Kenya and Tanzania,” the administrators said in a report to ARM’s creditors.

“The transaction roadmap that has been agreed with Absa envisages receipt of binding offers by the end of January 2019.”

PwC will be able to receive more bids until December 3, after which shortlisted firms will be allowed to start their due diligence, including interviewing management. 
Applause Applause Applause
I will have my hands full signing sale/offer documents in 2019!
KK, and possibly Unga. Perhaps even ARM. Applause Applause Applause


Will there be anything left for ordinary shareholders


Hallucinations. ARM will have nothing left
On ARM, whatever I may get will be like the expensive toy behind the window we admire but know we are unlikely to get.
I wrote it off after 2 days of angst but just like that girl that got away but who we think of once in a while, even when we are in a happy relationship.

ARM was a mpango for me. It was exciting. Lakini, nimerudi nyumbani to my boring KK, Unga, KenRe na kadhalika.

Your adventure at KK and UNGA is not quite different from mine at KQ
COOP 5,500; KCB 2,500; KQ 95,000
VituVingiSana
#965 Posted : Friday, November 09, 2018 7:01:45 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,907
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
littledove wrote:
https://www.businessdailyafrica.com/news/Dangote-in-race-to-buy-troubled-ARM-Cement/539546-4842116-view-asAMP-ksxd19/index.html
PwC said the process of selling ARM or part of its assets was being handled by South African banking giant Absa, which was appointed as the transaction adviser.

“Various parties have been in contact with the administrators expressing interest in the company’s businesses and assets in both Kenya and Tanzania,” the administrators said in a report to ARM’s creditors.

“The transaction roadmap that has been agreed with Absa envisages receipt of binding offers by the end of January 2019.”

PwC will be able to receive more bids until December 3, after which shortlisted firms will be allowed to start their due diligence, including interviewing management. 
Applause Applause Applause
I will have my hands full signing sale/offer documents in 2019!
KK, and possibly Unga. Perhaps even ARM. Applause Applause Applause


Will there be anything left for ordinary shareholders


Hallucinations. ARM will have nothing left
On ARM, whatever I may get will be like the expensive toy behind the window we admire but know we are unlikely to get.
I wrote it off after 2 days of angst but just like that girl that got away but who we think of once in a while, even when we are in a happy relationship.

ARM was a mpango for me. It was exciting. Lakini, nimerudi nyumbani to my boring KK, Unga, KenRe na kadhalika.

Your adventure at KK and UNGA is not quite different from mine at KQ


Very different. The takeovers, while welcome, are not necessary.

The Intrinsic Value of KK and Unga are positive (vs my investment cost). I also get decent (not spectacular) dividends from both. Add decent prospects of growth for the near future. Marathon runners who do stumble once in a while but get up and continue.

"Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value," Buffett wrote in his 1996 letter to shareholders. "If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes." - Warren Buffett

I am comfortable holding Unga, KK and I&M for the next 10 years.
KenRe too, if the politicians stay out of it.

Back to the ARM which needs a Strategic Investor, with cash, but the current shareholders may not be part of the turnaround.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#966 Posted : Saturday, November 10, 2018 7:51:26 AM
Rank: Elder


Joined: 6/23/2009
Posts: 10,632
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
littledove wrote:
https://www.businessdailyafrica.com/news/Dangote-in-race-to-buy-troubled-ARM-Cement/539546-4842116-view-asAMP-ksxd19/index.html
PwC said the process of selling ARM or part of its assets was being handled by South African banking giant Absa, which was appointed as the transaction adviser.

“Various parties have been in contact with the administrators expressing interest in the company’s businesses and assets in both Kenya and Tanzania,” the administrators said in a report to ARM’s creditors.

“The transaction roadmap that has been agreed with Absa envisages receipt of binding offers by the end of January 2019.”

PwC will be able to receive more bids until December 3, after which shortlisted firms will be allowed to start their due diligence, including interviewing management. 
Applause Applause Applause
I will have my hands full signing sale/offer documents in 2019!
KK, and possibly Unga. Perhaps even ARM. Applause Applause Applause


Will there be anything left for ordinary shareholders


Hallucinations. ARM will have nothing left
On ARM, whatever I may get will be like the expensive toy behind the window we admire but know we are unlikely to get.
I wrote it off after 2 days of angst but just like that girl that got away but who we think of once in a while, even when we are in a happy relationship.

ARM was a mpango for me. It was exciting. Lakini, nimerudi nyumbani to my boring KK, Unga, KenRe na kadhalika.

Your adventure at KK and UNGA is not quite different from mine at KQ


Very different. The takeovers, while welcome, are not necessary.

The Intrinsic Value of KK and Unga are positive (vs my investment cost). I also get decent (not spectacular) dividends from both. Add decent prospects of growth for the near future. Marathon runners who do stumble once in a while but get up and continue.

"Put together a portfolio of companies whose aggregate earnings march upward over the years, and so also will the portfolio's market value," Buffett wrote in his 1996 letter to shareholders. "If you aren't willing to own a stock for ten years, don't even think about owning it for ten minutes." - Warren Buffett

I am comfortable holding Unga, KK and I&M for the next 10 years.
KenRe too, if the politicians stay out of it.

Back to the ARM which needs a Strategic Investor, with cash, but the current shareholders may not be part of the turnaround.

There is something known as picking the bottom. KQ is known to everyone as a loss making entity but whether it will remain loss making in the years to come is debatable.. Incase KQ posts a profit, will it's price remain at circa KES 12 which is the current fair value?
COOP 5,500; KCB 2,500; KQ 95,000
VituVingiSana
#967 Posted : Saturday, November 10, 2018 9:22:34 AM
Rank: Chief


Joined: 1/3/2007
Posts: 14,907
Location: Nairobi
@Obiero - If I ever list a firm and I need someone to fire up the suckers, I mean investors, I will hire you. Applause Applause Applause

I have never seen anyone with so much enthusiasm and staying power for a firm that has wiped out 100bn+ in 5 years, has no chance of making a real profit in the near future (FY 2018) and run by folks who have no significant skin in the game. [Not MJ, SM, pilots, crew, engineers]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#968 Posted : Saturday, November 10, 2018 12:26:38 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,632
Location: nairobi
VituVingiSana wrote:
@Obiero - If I ever list a firm and I need someone to fire up the suckers, I mean investors, I will hire you. Applause Applause Applause

I have never seen anyone with so much enthusiasm and staying power for a firm that has wiped out 100bn+ in 5 years, has no chance of making a real profit in the near future (FY 2018) and run by folks who have no significant skin in the game. [Not MJ, SM, pilots, crew, engineers]

KQ even without Michael Joseph, Sebastian Mikosz, Martin Oduor Otieno, remains a company that has been in existence over 40 years with deep institutional memory. Labelling KQ a failed firm is inappropriate and unwarranted. Only Naikuni planned for KQ demise, but he was unsuccessful
COOP 5,500; KCB 2,500; KQ 95,000
VituVingiSana
#969 Posted : Saturday, November 10, 2018 12:33:30 PM
Rank: Chief


Joined: 1/3/2007
Posts: 14,907
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
@Obiero - If I ever list a firm and I need someone to fire up the suckers, I mean investors, I will hire you. Applause Applause Applause

I have never seen anyone with so much enthusiasm and staying power for a firm that has wiped out 100bn+ in 5 years, has no chance of making a real profit in the near future (FY 2018) and run by folks who have no significant skin in the game. [Not MJ, SM, pilots, crew, engineers]

KQ even without Michael Joseph, Sebastian Mikosz, Martin Oduor Otieno, remains a company that has been in existence over 40 years with deep institutional memory. Labelling KQ a failed firm is inappropriate and unwarranted. Only Naikuni planned for KQ demise, but he was unsuccessful

KenolKobil: 13th May 1959 [59 years]
Unga: 1908 [110 years]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#970 Posted : Saturday, November 10, 2018 12:34:46 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,632
Location: nairobi
VituVingiSana wrote:
@Obiero - If I ever list a firm and I need someone to fire up the suckers, I mean investors, I will hire you. Applause Applause Applause

I have never seen anyone with so much enthusiasm and staying power for a firm that has wiped out 100bn+ in 5 years, has no chance of making a real profit in the near future (FY 2018) and run by folks who have no significant skin in the game. [Not MJ, SM, pilots, crew, engineers]

KQ even without Michael Joseph, Sebastian Mikosz, Martin Oduor Otieno, remains a company that has been in existence over 40 years with deep institutional memory. Labelling KQ a failed firm is inappropriate and unwarranted. Only Naikuni planned for KQ demise, but he was unsuccessful
COOP 5,500; KCB 2,500; KQ 95,000
obiero
#971 Posted : Saturday, November 10, 2018 12:37:26 PM
Rank: Elder


Joined: 6/23/2009
Posts: 10,632
Location: nairobi
VituVingiSana wrote:
obiero wrote:
VituVingiSana wrote:
@Obiero - If I ever list a firm and I need someone to fire up the suckers, I mean investors, I will hire you. Applause Applause Applause

I have never seen anyone with so much enthusiasm and staying power for a firm that has wiped out 100bn+ in 5 years, has no chance of making a real profit in the near future (FY 2018) and run by folks who have no significant skin in the game. [Not MJ, SM, pilots, crew, engineers]

KQ even without Michael Joseph, Sebastian Mikosz, Martin Oduor Otieno, remains a company that has been in existence over 40 years with deep institutional memory. Labelling KQ a failed firm is inappropriate and unwarranted. Only Naikuni planned for KQ demise, but he was unsuccessful

KenolKobil: 13th May 1959 [59 years]
Unga: 1908 [110 years]

KCB 1896 .. Remove KK out of this discussion as it is a blood money firm, built on the sweat of hard working Kenyans who got swindled by the late
COOP 5,500; KCB 2,500; KQ 95,000
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