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sparkly		#911 Posted : Tuesday, October 30, 2018 7:20:08 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		VituVingiSana wrote: Pesa Nane wrote: littledove wrote: suspension extended 75 more working days No surprise there! Can someone buy by private contract during suspension, like centum bought Carbacid from Matiba? Life is short. Live passionately.
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HaMaina		#912 Posted : Monday, November 05, 2018 1:53:21 PM
Rank: Veteran Joined: 4/23/2014 Posts: 932		ARM sinks deeper after Sh21.3bn factory write off https://www.businessdail...37376-x3hnexz/index.html “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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obiero		#913 Posted : Monday, November 05, 2018 2:07:19 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,328 Location: nairobi		HaMaina wrote: ARM sinks deeper after Sh21.3bn factory write off https://www.businessdail...7376-x3hnexz/index.html How @vvs ended up invested in a fraud company with KES 2.4B negative equity shows that no investor is safe in the NSE streets COOP, IMH, KEGN, KQ, MTNU
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Angelica _ann		#914 Posted : Monday, November 05, 2018 2:25:46 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,939		obiero wrote: HaMaina wrote: ARM sinks deeper after Sh21.3bn factory write off https://www.businessdail...7376-x3hnexz/index.html How @vvs ended up invested in a fraud company with KES 2.4B negative equity shows that no investor is safe in the NSE streets Zee vultures are inviting friends to finish ARM completely.... The true financial position of ARM remains sketchy and the administrators have appointed Knight Frank Limited to undertake a comprehensive valuation of the company’s hard assets. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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lochaz-index		#915 Posted : Monday, November 05, 2018 6:25:52 PM
Rank: Veteran Joined: 9/18/2014 Posts: 1,127		obiero wrote: HaMaina wrote: ARM sinks deeper after Sh21.3bn factory write off https://www.businessdail...7376-x3hnexz/index.html How @vvs ended up invested in a fraud company with KES 2.4B negative equity shows that no investor is safe in the NSE streets The grave mistake was using NAV computations as the main criterion for investing in this firm. As long as the books of a company cannot be trusted it is useless to rely on any ratios or figures deduced from them. In this particular case the balance sheet and cashflow statement were diametrically opposed as to the state of the company's health. @VVS and other investors simply chose to ignore that which was quite blatantly open. The main purpose of the stock market is to make fools of as many people as possible.
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Horton		#916 Posted : Monday, November 05, 2018 6:32:54 PM
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi		lochaz-index wrote: obiero wrote: HaMaina wrote: ARM sinks deeper after Sh21.3bn factory write off https://www.businessdail...7376-x3hnexz/index.html How @vvs ended up invested in a fraud company with KES 2.4B negative equity shows that no investor is safe in the NSE streets The grave mistake was using NAV computations as the main criterion for investing in this firm. As long as the books of a company cannot be trusted it is useless to rely on any ratios or figures deduced from them. In this particular case the balance sheet and cashflow statement were diametrically opposed as to the state of the company's health. @VVS and other investors simply chose to ignore that which was quite blatantly open. Yeah NAV has to be taken with a pinch of salt. Even looking at P&L would show the dire straits this company was at. But as they say the past is always 20-20
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obiero		#917 Posted : Monday, November 05, 2018 6:40:02 PM
Rank: Elder Joined: 6/23/2009 Posts: 14,328 Location: nairobi		Horton wrote: lochaz-index wrote: obiero wrote: HaMaina wrote: ARM sinks deeper after Sh21.3bn factory write off https://www.businessdail...7376-x3hnexz/index.html How @vvs ended up invested in a fraud company with KES 2.4B negative equity shows that no investor is safe in the NSE streets The grave mistake was using NAV computations as the main criterion for investing in this firm. As long as the books of a company cannot be trusted it is useless to rely on any ratios or figures deduced from them. In this particular case the balance sheet and cashflow statement were diametrically opposed as to the state of the company's health. @VVS and other investors simply chose to ignore that which was quite blatantly open. Yeah NAV has to be taken with a pinch of salt. Even looking at P&L would show the dire straits this company was at. But as they say the past is always 20-20 True. That’s why I would always prefer to be first guided by top management composition as the foremost measure of trustworthiness. Financials do matter but books can be cooked easy by dodgy characters.. Take KQ as an example, would the current team really be eager to falsify the financials COOP, IMH, KEGN, KQ, MTNU
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Ebenyo		#918 Posted : Monday, November 05, 2018 6:49:38 PM
Rank: Veteran Joined: 4/4/2016 Posts: 2,022 Location: Kitale		lochaz-index wrote: obiero wrote: HaMaina wrote: ARM sinks deeper after Sh21.3bn factory write off https://www.businessdail...7376-x3hnexz/index.html How @vvs ended up invested in a fraud company with KES 2.4B negative equity shows that no investor is safe in the NSE streets The grave mistake was using NAV computations as the main criterion for investing in this firm. As long as the books of a company cannot be trusted it is useless to rely on any ratios or figures deduced from them. In this particular case the balance sheet and cashflow statement were diametrically opposed as to the state of the company's health. @VVS and other investors simply chose to ignore that which was quite blatantly open. UK firm CDC couldnt see it and they pumped kshs 14 billion into ARM.i remember reading in the newspaper that Paunrama was weeping for ceding control to CDC.kumbe ilikuwa machozi ya ukora! Towards the goal of financial freedom
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Angelica _ann		#919 Posted : Monday, November 05, 2018 7:17:29 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,939		Ebenyo wrote: lochaz-index wrote: obiero wrote: HaMaina wrote: ARM sinks deeper after Sh21.3bn factory write off https://www.businessdail...7376-x3hnexz/index.html How @vvs ended up invested in a fraud company with KES 2.4B negative equity shows that no investor is safe in the NSE streets The grave mistake was using NAV computations as the main criterion for investing in this firm. As long as the books of a company cannot be trusted it is useless to rely on any ratios or figures deduced from them. In this particular case the balance sheet and cashflow statement were diametrically opposed as to the state of the company's health. @VVS and other investors simply chose to ignore that which was quite blatantly open. UK firm CDC couldnt see it and they pumped kshs 14 billion into ARM.i remember reading in the newspaper that Paunrama was weeping for ceding control to CDC.kumbe ilikuwa machozi ya ukora! Taking 'us' to the cleaners. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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VituVingiSana		#920 Posted : Monday, November 05, 2018 7:23:54 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,383 Location: Nairobi		This, like KQ and Olympia wasn't my finest investment BUT the loss is negligible in the grand scheme. Plus the recent gains in KK have more than made for it Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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