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ARM HY2017
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obiero
#971 Posted : Saturday, November 10, 2018 12:37:26 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
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

KQ ABP 4.26
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smitha
#972 Posted : Thursday, December 06, 2018 11:23:30 AM
Rank: New-farer

Joined: 6/10/2013
Posts: 52
Looks like a done deal if awaiting regulatory approval?

ARM Takeover 10 shs a share. Debt will be absorbed by the buyer:

https://www.standardmedi...ut-of-arm-in-sh10b-deal
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winmak
#973 Posted : Thursday, December 06, 2018 11:33:58 AM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
smitha wrote:
Looks like a done deal if awaiting regulatory approval?

ARM Takeover 10 shs a share. Debt will be absorbed by the buyer:

https://www.standardmedi...ut-of-arm-in-sh10b-deal


Applause Applause Applause Applause Applause

Best Christmas gift
For investors as a whole, returns decrease as motion increases ~ WB
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smitha
#974 Posted : Thursday, December 06, 2018 11:52:24 AM
Rank: New-farer

Joined: 6/10/2013
Posts: 52
Will there be a bidding war by Dangote and other third parties:

https://www.businessdail...880816-h46eq5/index.html
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Ericsson
#975 Posted : Thursday, December 06, 2018 11:58:01 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
[quote=smitha]Will there be a bidding war by Dangote and other third parties:

https://www.businessdail...80816-h46eq5/index.html[/quote]

It's a done deal as others wait for Rubis takeover.
Shareholders it seems will get nothing from this deal as creditors take first priority
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Horton
#976 Posted : Thursday, December 06, 2018 12:15:07 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
smitha wrote:
Looks like a done deal if awaiting regulatory approval?

ARM Takeover 10 shs a share. Debt will be absorbed by the buyer:

https://www.standardmedi...ut-of-arm-in-sh10b-deal



Where does it say 10/- a share??
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smitha
#977 Posted : Thursday, December 06, 2018 12:43:16 PM
Rank: New-farer

Joined: 6/10/2013
Posts: 52
Ericsson,

Creditors do not get first priority. It is an acquisition of ARM as a going concern as the acquisition is of shares at the reported value of KES 10 billion. There are 1 billion shares in issue so that equals 10 bob a share by my calculation.

As reported in the Article, the buyer absorbs the debt, my reading of that is that the buyer settles the debt separately once it acquires the shares.

DYOR
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smitha
#978 Posted : Thursday, December 06, 2018 1:01:27 PM
Rank: New-farer

Joined: 6/10/2013
Posts: 52
I guess we will get more clarity in the next few days/weeks.

Hope it comes good for the private investors who bought ARM shares in good faith on the NSE.
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obiero
#979 Posted : Thursday, December 06, 2018 6:55:29 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
smitha wrote:
I guess we will get more clarity in the next few days/weeks.

Hope it comes good for the private investors who bought ARM shares in good faith on the NSE.

Hope is not an investment strategy. Anyone who bought ARM shares in the past two years can be considered reckless.. And those who bought it three months before suspension are insane men and women. Sorry to say. All writing was on the wall

KQ ABP 4.26
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  | | Edit by user: Thursday, December 06, 2018 6:57 PM | Reason: Not specified
Angelica _ann
#980 Posted : Thursday, December 06, 2018 10:26:13 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
obiero wrote:
smitha wrote:
I guess we will get more clarity in the next few days/weeks.

Hope it comes good for the private investors who bought ARM shares in good faith on the NSE.

Hope is not an investment strategy. Anyone who bought ARM shares in the past two years can be considered reckless.. And those who bought it three months before suspension are insane men and women. Sorry to say. All writing was on the wall


I hope CDC Group will protect us the small shareholders smile
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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