Wazua
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ARM HY2017
Rank: New-farer Joined: 7/16/2018 Posts: 23
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I once said UBA had a scheme...I hope the stakeholders won't fall into it.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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[quote=smitha]Deliberate ploy to cripple ARM and buy it on the cheap? https://www.tuko.co.ke/2...es-eyebrows.html#290240[/quote] ARM should have thwarted the deliberate ploy by paying off the "measly Sh 340m" owed to UBA. The fact that they didn't shows how deep in the murk they are. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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sparkly wrote:ARM should have thwarted the deliberate ploy by paying off the "measly Sh 340m" owed to UBA. The fact that they didn't shows how deep in the murk they are. The total consultancy fee to be paid towards PWC will actually be more than the owed debt
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: 18,056 Location: Nairobi
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sparkly wrote:ARM should have thwarted the deliberate ploy by paying off the "measly Sh 340m" owed to UBA. The fact that they didn't shows how deep in the murk they are. I don't understand why CDC would not have paid UBA 340mn given it was the #1 shareholder with much more to lose with ARM under administration. The Dangote angle is interesting. He can get both a factory in (north) TZ and KE in one fell swoop. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
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suspension extended 75 more working days There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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littledove wrote:suspension extended 75 more working days  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Pesa Nane wrote:littledove wrote:suspension extended 75 more working days 75 working days that's upto March Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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Ericsson wrote:Pesa Nane wrote:littledove wrote:suspension extended 75 more working days 75 working days that's upto March Not funny at all... Start!
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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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Pesa Nane wrote:littledove wrote:suspension extended 75 more working days No surprise there! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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VituVingiSana wrote:Pesa Nane wrote:littledove wrote:suspension extended 75 more working days No surprise there! People money has been trapped. I pray for you folks
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: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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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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Rank: Veteran Joined: 4/23/2014 Posts: 903
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ARM sinks deeper after Sh21.3bn factory write offhttps://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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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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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
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: 12/7/2012 Posts: 11,901
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obiero wrote: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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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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obiero wrote: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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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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lochaz-index wrote:obiero wrote: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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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Horton wrote:lochaz-index wrote:obiero wrote: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
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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lochaz-index wrote:obiero wrote: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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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Ebenyo wrote:lochaz-index wrote:obiero wrote: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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Rank: Chief Joined: 1/3/2007 Posts: 18,056 Location: Nairobi
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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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