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ARM Cement 9M15 EPS Plunge
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Pesa Nane
#1 Posted : Monday, October 26, 2015 11:11:39 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Forex losses continue to haunt

Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#2 Posted : Monday, October 26, 2015 11:17:40 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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dunkang
#3 Posted : Monday, October 26, 2015 11:20:18 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Pesa Nane wrote:
Forex losses continue to haunt



Also, the finance cost is another culprit. It tripled (X3). Loans. Loans. Loans.

Receive with simplicity everything that happens to you.” ― Rashi

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Othelo
#4 Posted : Monday, October 26, 2015 11:23:45 AM
Rank: User

Joined: 1/20/2014
Posts: 3,528
Tremendous increment in finance costs - 3.35 fold!!!
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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streetwise
#5 Posted : Monday, October 26, 2015 4:38:37 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Have not been very confident with ARM , this is a sad turn of events
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Aguytrying
#6 Posted : Monday, October 26, 2015 5:37:31 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
This is the biggest chance in years to own arm cement shares if it can get to 30.00
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#7 Posted : Monday, October 26, 2015 6:13:17 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
dunkang wrote:
Pesa Nane wrote:
Forex losses continue to haunt



Also, the finance cost is another culprit. It tripled (X3). Loans. Loans. Loans.

A breakdown of the finance costs would be great. If the sales from Tanga increase [as the plant becomes fully operational] then the increased finance cost can be covered by Tanga's profits.

When a plant is considered WIP, the interest is capitalized. Now it has to be expensed. I need to get hold of the Cash Flow statement to see what the movement is.
Was any change in value of the forex loan taken as Finance Costs vs Unrealized Forex Loss?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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enyands
#8 Posted : Monday, October 26, 2015 9:18:47 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Aguytrying wrote:
This is the biggest chance in years to own arm cement shares if it can get to 30.00



im tryin to wake up on this guy. id rather do this than the REITS IPO being launched .let me get my checkbook ready.30 bob is good. sometime in may it was 78 I remember if im not wrong , ill wait till 30
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Spikes
#9 Posted : Monday, October 26, 2015 9:47:40 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
I think as for speculative guyz 20 bob is a massive buyp.....we are just waiting for the whistle!
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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enyands
#10 Posted : Tuesday, October 27, 2015 4:52:11 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
Spikes wrote:
I think as for speculative guyz 20 bob is a massive buyp.....we are just waiting for the whistle!



@spike Following
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