ARM FY2017

Net loss amounted to ksh.6.549bn compared to 2.8bn in FY2016
Group current liabilities exceed current assets by ksh.13.471bn compared to sh.5.873bn in FY2016
Accumulated losses amount to ksh.2.948bn compared to accumulated surplus of sh.2.52bn in FY2016

ARM have finally released results;

Loss after tax increased from 2.8B in 2016 to 7B in 2017.

EPS reduced from -2.92 in 2016 to -6.83 in 2017.

Horrible results; no wonder they released them when the market is closed. Speculators who have been playing with fire...get fire proof blankets because by the time the T + 3 rule at NSE avails share for you to dispose, the price will most likely be much lower. It had already started stagnating by yesterday so it will most likely head south when the market opens on Monday.

Looks very bad, rivaling KQ!!!

Meaning there is no company but a debt to be paid not counting shareholders stake

Too late. This is where you show up to the market with overripe fruit and no one looks at them. You watch them rot over the next few days all the time offering a lower and lower price and still no one will touch them!

HAFR taught me that