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ARM HY2017
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Ericsson
#151 Posted : Thursday, May 10, 2018 1:18:00 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Another bailout required!
I wonder which local banks are exposed to ARM


Stanbic
Africa Finance Corporation
Victoria Commercial Bank
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#152 Posted : Thursday, May 10, 2018 1:38:40 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Another bailout required!
I wonder which local banks are exposed to ARM


Stanbic
Africa Finance Corporation
Victoria Commercial Bank
Any idea how large esp Stanbic.
I guess ARM going down would mean VCB's "zero NPLs" might no longer be the case!

Expanding too fast using debt is dangerous. [I am excluding banks coz their business is acquiring "debt" (deposits)]
KQ
ARM
Uchumi
Nakumatt
KPLC (Debt:Equity Conversion as a bailout by GoK)
KenGen (Debt:Equity Conversion as a bailout by GoK)
KK (under Segman acquired underperforming foreign assets - TZ, DRC and Ethiopia - using significant debt)
Airtel
EABL
HAFR
Unga (took on debt, and sold profitable Bullpak, to buy the piece of crap Ennsvalley from the Ndegwas. A disaster.)

and many more!

Low debt:equity firms:
Safaricom (has expanded using little debt vis-a-vis its cashflows)
BAT
KenRe (so far)
Jubilee
Nation (even with its recent woes affecting many media houses all over the world it is still profitable)

Good luck to ARM. I do hope it survives!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#153 Posted : Thursday, May 10, 2018 1:39:54 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Another bailout required!
I wonder which local banks are exposed to ARM


Stanbic
Africa Finance Corporation
Victoria Commercial Bank
Any idea how large esp Stanbic.
I guess ARM going down would mean VCB's "zero NPLs" might no longer be the case!

Expanding too fast using debt is dangerous. [I am excluding banks coz their business is acquiring "debt" (deposits)]
KQ
ARM
Uchumi
Nakumatt
KPLC (Debt:Equity Conversion as a bailout by GoK)
KenGen (Debt:Equity Conversion as a bailout by GoK)
KK (under Segman acquired underperforming foreign assets - TZ, DRC and Ethiopia - using significant debt)
Airtel
EABL
HAFR
Unga (took on debt, and sold profitable Bullpak, to buy the piece of crap Ennsvalley from the Ndegwas. A disaster.)

and many more!

Low debt:equity firms:
Safaricom (has expanded using little debt vis-a-vis its cashflows)
BAT
KenRe (so far)
Jubilee
Nation (even with its recent woes affecting many media houses all over the world it is still profitable)

Good luck to ARM. I do hope it survives!


Stanbic Kenya loan is about ksh.3.5bn
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Wealth=Income + Investments - Lifestyle
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VituVingiSana
#154 Posted : Thursday, May 10, 2018 2:28:56 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
I wonder if Stanbic has provided for the ARM loan. That's a huge exposure. On the other hand, Stanbic may have decent collateral and will be a-OK.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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pops
#155 Posted : Thursday, May 10, 2018 8:16:02 PM
Rank: Member

Joined: 9/13/2006
Posts: 123
Anyone with some reliable info on what is happening? are these rumors or is there truth in them? Can't afford to go through another mumias!
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xxxxx
#156 Posted : Thursday, May 10, 2018 8:43:19 PM
Rank: Member

Joined: 3/20/2008
Posts: 503
pops wrote:
Anyone with some reliable info on what is happening? are these rumors or is there truth in them? Can't afford to go through another mumias!


Which rumours???
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Spikes
#157 Posted : Friday, May 11, 2018 12:16:55 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
jgithige wrote:
Metch wrote:
Ericsson wrote:
6 bob here we come


touched 6 bob. seems to be in free fall


Wanjiku panic causing this mess. I dont think the institutional and big investors who own about 85% of ARM are making these outrageous sales.


Capitulation has set in and 1 bob is on the way.Whales will begin dumping at monumental losses. The so called big investors will dump and run KQ style.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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  | | Edit by user: Friday, May 11, 2018 9:29 AM | Reason: Not specified
Ericsson
#158 Posted : Friday, May 11, 2018 6:51:43 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Company dead
https://www.businessdail...555484-1mjxhd/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Pesa Nane
#159 Posted : Friday, May 11, 2018 10:11:05 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ericsson wrote:
Company dead
https://www.businessdail...55484-1mjxhd/index.html


More drama loading...
Pesa Nane plans to be shilingi when he grows up.
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Ericsson
#160 Posted : Friday, May 11, 2018 11:32:38 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Pesa Nane wrote:
Ericsson wrote:
Company dead
https://www.businessdail...55484-1mjxhd/index.html


More drama loading...


Don't say you weren't warned
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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