With the Ndegwas at the helm, coupled by one of their own conflicted in running the show at the capital markets' boards, anything's possible. No wonder their non-listed ICEA Capital Assets Management is able to release audited results (see today's dailies) to the public for self-interest reasons yet the publicly listed Fahari (which they acquired and manage) has not.

My hard earned lesson from a few cases here is that once performance starts deteriorating, transparency is the first to go out of the window. Look at Bamburi - used to report on 28th or 29th Feb like clockwork, but now we're tending to last day in April. Similar problem with ARM. Now even Fahari. No more benefit of doubt. When mgt starts playing ping pong with shareholders from a reporting perspective, I just CUT MY LOSSES. It is even more paramount since NSE offers us ZERO guardrails as minority shareholders. If u wait for the entity to be taken to ICU, just know that there no return.

Normal reporting deadline end of March. CMA extended reporting time by 30 days. Under stanlib they used to report last days of March. I would expect them to report end of April given CMA reporting extension.

Grabbed a huge chunk at 6. Target exit is 9 assuming nothing weird happens

Unless they are headed the Uchumi and Nakumatt path in the next 12 months, they will pay all their rent arreas before year end.