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ARM HY2017
Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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sparkly wrote:obiero wrote:VituVingiSana wrote:obiero wrote:xxxxx wrote:Ericsson wrote:the deal wrote:Damn this thing is worse than I imagined... Wooow Learn to listen 👂 when advised Did any one see the optimistic statement by the board in today's papers? I did and would not expect them to say anything else but that. Leadership is all about giving hope, especially when there is none Agreed. Joseph and Mikosz are the best at this. The rest e.g. Paunrana should learn from them. It would be difficult to convince a rational person that nothing good is happening at KQ in regards to the turnaround. ARM on the other hand Both are monkeys, just accept. Kabisa! I deviated from WB's teachings and took a position (albeit a small one relative to my Core Holdings) in ARM. It took me 3-4 day after the suspension to "NPL" it. Heck, I fully provided for it. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 3/20/2008 Posts: 503
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VituVingiSana wrote:sparkly wrote:obiero wrote:VituVingiSana wrote:obiero wrote:xxxxx wrote:Ericsson wrote:the deal wrote:Damn this thing is worse than I imagined... Wooow Learn to listen 👂 when advised Did any one see the optimistic statement by the board in today's papers? I did and would not expect them to say anything else but that. Leadership is all about giving hope, especially when there is none Agreed. Joseph and Mikosz are the best at this. The rest e.g. Paunrana should learn from them. It would be difficult to convince a rational person that nothing good is happening at KQ in regards to the turnaround. ARM on the other hand Both are monkeys, just accept. Kabisa! I deviated from WB's teachings and took a position (albeit a small one relative to my Core Holdings) in ARM. It took me 3-4 day after the suspension to "NPL" it. Heck, I fully provided for it.  Some monkeys are more monkeys than others.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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CDC's interests in ARM are longterm. https://www.standardmedi...oot-in-sh14b-arm-ventureLife is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Very dramatic reading..
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Good insight Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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"CDC wanted to change the terms of a six-year convertible note from Nigeria’s Africa Finance Corporation (AFC) which would translate to about 13.2 per cent equity and thus water down the CDC stake. Read more at: https://www.standardmedi...sh14b-arm-venture"
Question: How would that water down CDC's stake given there must have been a conversion price as long as the conversion price the same or higher than what CDC paid? 5bn for a 13.2% shareholding would have valued ARM at 38bn 6bn (including penalties) for a 13.2% shareholding would have valued ARM at 45bn Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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“CDC wanted to do their own fundraising, but as time went we had the short repayment schedules piling,” Paunrana said. Then ARM sought to engage a development finance institution (DFIs) to help it restructure the debts but the conditions were unpalatable to CDC. " Read more at: https://www.standardmedi...ot-in-sh14b-arm-venture
What does this mean? Did CDC want to be the primary lender to ARM? Or did CDC want to negotiate with the other DFIs? Wouldn't CDC have been part of the team that negotiated with the DFIs? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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"Between May and June, the management put across a proposal for restructuring loans by cutting at least Sh5 billion and improving Tanzania’s cash flows but the talks fell through in the second round." Read more at: https://www.standardmedi...ot-in-sh14b-arm-venture
This does not make sense or is incomplete. How would management cut 5bn from the loans? ARM either sold off or planned to sell off part of the business to Omya. Did this sale include a 5bn debt owed by the chemicals subsidiary i.e. Omya would have assumed 5bn in debt? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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"Under the terms, CDC would put in money but as a shareholder loan which they wanted to ring-fence, giving the facility a Super Senior Security status which would rank above the existing lenders." Read more at: https://www.standardmedi...ot-in-sh14b-arm-venture
This makes sense to me from CDC's point of view. If CDC was going to give 5bn in NEW money then why shouldn't they get the senior-most position for that 5bn? I would assume any lender giving ARM additional NEW money, as a loan, at that low point would want to "top dog" to recover their funds first. That 5bn would have been critical i.e. as working capital to restart the business. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Hujuma..................  LINK
More detailed articleKila mbuzi ale kwa urefu wa kamba yake....tafakari Dumb money becomes dumb only when it listens to smart money
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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September 27th.. This Thursday. ARM makes an NSE comeback at KES 0.99
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Member Joined: 3/20/2008 Posts: 503
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obiero wrote:September 27th.. This Thursday. ARM makes an NSE comeback at KES 0.99 Whenever it comes back, there's lots of money to be made. @Obiero, FOMO will kill u.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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xxxxx wrote:obiero wrote:September 27th.. This Thursday. ARM makes an NSE comeback at KES 0.99 Whenever it comes back, there's lots of money to be made. @Obiero, FOMO will kill u. Tomorrow is the day
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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obiero wrote:xxxxx wrote:obiero wrote:September 27th.. This Thursday. ARM makes an NSE comeback at KES 0.99 Whenever it comes back, there's lots of money to be made. @Obiero, FOMO will kill u. Tomorrow is the day I foresee suspension been extended Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 6/10/2013 Posts: 52
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I believe there is a provision in the new Insolvency Act or another Act which says that a listed company in administration cannot trade until the administration is lifted. ARM should remain suspended from trading until the administration is lifted which is just as well in this bear market.
I am a long term shareholder and comfortable and optimistic for the future.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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smitha wrote:I believe there is a provision in the new Insolvency Act or another Act which says that a listed company in administration cannot trade until the administration is lifted. ARM should remain suspended from trading until the administration is lifted which is just as well in this bear market.
I am a long term shareholder and comfortable and optimistic for the future.
Is it even selling cement? Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Ericsson wrote:smitha wrote:I believe there is a provision in the new Insolvency Act or another Act which says that a listed company in administration cannot trade until the administration is lifted. ARM should remain suspended from trading until the administration is lifted which is just as well in this bear market.
I am a long term shareholder and comfortable and optimistic for the future.
Is it even selling cement? they also sell other things like gypsum and lime etc. They also made sales worth 2 billion in HY2018 so they are still selling things Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Ericsson wrote:obiero wrote:xxxxx wrote:obiero wrote:September 27th.. This Thursday. ARM makes an NSE comeback at KES 0.99 Whenever it comes back, there's lots of money to be made. @Obiero, FOMO will kill u. Tomorrow is the day I foresee suspension been extended I foresee blood bathe tommorow. Hiyo link nayo, bei imenyongwa nusu, mkate no nuthu of xxxx.😂😂😂 ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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muandiwambeu wrote:Ericsson wrote:obiero wrote:xxxxx wrote:obiero wrote:September 27th.. This Thursday. ARM makes an NSE comeback at KES 0.99 Whenever it comes back, there's lots of money to be made. @Obiero, FOMO will kill u. Tomorrow is the day I foresee suspension been extended I foresee blood bathe tommorow. Hiyo link nayo, bei imenyongwa nusu, mkate no nuthu of xxxx.😂😂😂 Kamatia chini..
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,053 Location: Nairobi
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It’s unlikely the suspension will be lifted until a resolution is negotiated between the “elephants” like CDC and the banks. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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