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ARM Cement FY 2017 disaster - 6.5bn loss
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Chaka
#81 Posted : Tuesday, June 05, 2018 6:59:02 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
May or June..?June just started.
heri wrote:
Have staff been paid their June salaries?
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obiero
#82 Posted : Tuesday, June 05, 2018 8:23:44 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Chaka wrote:
May or June..?June just started.
heri wrote:
Have staff been paid their June salaries?


May income settled in June

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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HaMaina
#83 Posted : Monday, June 11, 2018 1:24:43 PM
Rank: Veteran


Joined: 4/23/2014
Posts: 903
ARM boss paid Sh114m in year of Sh6.5bn loss

https://www.businessdail...05832-newev0/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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VituVingiSana
#84 Posted : Monday, June 11, 2018 2:14:25 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
HaMaina wrote:
ARM boss paid Sh114m in year of Sh6.5bn loss

https://www.businessdail...05832-newev0/index.html

d'oh! d'oh! d'oh! No wonder he wants to hang on as CEO.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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xxxxx
#85 Posted : Monday, June 11, 2018 7:34:18 PM
Rank: Member


Joined: 3/20/2008
Posts: 503
VituVingiSana wrote:
HaMaina wrote:
ARM boss paid Sh114m in year of Sh6.5bn loss

https://www.businessdail...05832-newev0/index.html

d'oh! d'oh! d'oh! No wonder he wants to hang on as CEO.


Hope he was one of those people whose salaries were not paid promptly.
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VituVingiSana
#86 Posted : Monday, June 11, 2018 11:22:44 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
xxxxx wrote:
VituVingiSana wrote:
HaMaina wrote:
ARM boss paid Sh114m in year of Sh6.5bn loss

https://www.businessdail...05832-newev0/index.html

d'oh! d'oh! d'oh! No wonder he wants to hang on as CEO.


Hope he was one of those people whose salaries were not paid promptly.
He was the probably the first one to be paid. By RTGS. Same day value.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Juojo
#87 Posted : Tuesday, June 12, 2018 11:47:00 AM
Rank: Member


Joined: 7/7/2009
Posts: 41
VituVingiSana wrote:
xxxxx wrote:
VituVingiSana wrote:
HaMaina wrote:
ARM boss paid Sh114m in year of Sh6.5bn loss

https://www.businessdail...05832-newev0/index.html

d'oh! d'oh! d'oh! No wonder he wants to hang on as CEO.


Hope he was one of those people whose salaries were not paid promptly.
He was the probably the first one to be paid. By RTGS. Same day value.



d'oh! d'oh! that's like 10M per month. Even more than BC.
After getting the 1B stock bonus?? GFF. People are living in this Kenya. Sisi hapa ni kusurvive tu
Happiness is not the absence of problems, It's the ability to deal with them
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jgithige
#88 Posted : Tuesday, June 12, 2018 12:47:23 PM
Rank: Member


Joined: 7/10/2014
Posts: 145
Location: Nairobi
Juojo wrote:
VituVingiSana wrote:
xxxxx wrote:
VituVingiSana wrote:
HaMaina wrote:
ARM boss paid Sh114m in year of Sh6.5bn loss

https://www.businessdail...05832-newev0/index.html

d'oh! d'oh! d'oh! No wonder he wants to hang on as CEO.


Hope he was one of those people whose salaries were not paid promptly.
He was the probably the first one to be paid. By RTGS. Same day value.



d'oh! d'oh! that's like 10M per month. Even more than BC.
After getting the 1B stock bonus?? GFF. People are living in this Kenya. Sisi hapa ni kusurvive tu


Not forgetting the underhand deals he could be playing with the company. Salo is just a drop.
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
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VituVingiSana
#89 Posted : Tuesday, June 12, 2018 12:53:17 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
Who owns the offices that ARM leases?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#90 Posted : Tuesday, June 12, 2018 12:54:25 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
jgithige wrote:
Juojo wrote:
VituVingiSana wrote:
xxxxx wrote:
VituVingiSana wrote:
HaMaina wrote:
ARM boss paid Sh114m in year of Sh6.5bn loss

https://www.businessdail...05832-newev0/index.html

d'oh! d'oh! d'oh! No wonder he wants to hang on as CEO.


Hope he was one of those people whose salaries were not paid promptly.
He was the probably the first one to be paid. By RTGS. Same day value.



d'oh! d'oh! that's like 10M per month. Even more than BC.
After getting the 1B stock bonus?? GFF. People are living in this Kenya. Sisi hapa ni kusurvive tu


Not forgetting the underhand deals he could be playing with the company. Salo is just a drop.


That is how he was able to become an owner of the now split and sold fertilizer/non-cement business of ARM
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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sparkly
#91 Posted : Wednesday, June 13, 2018 1:31:32 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Ericsson wrote:
jgithige wrote:
Juojo wrote:
VituVingiSana wrote:
xxxxx wrote:
VituVingiSana wrote:
HaMaina wrote:
ARM boss paid Sh114m in year of Sh6.5bn loss

https://www.businessdail...05832-newev0/index.html

d'oh! d'oh! d'oh! No wonder he wants to hang on as CEO.


Hope he was one of those people whose salaries were not paid promptly.
He was the probably the first one to be paid. By RTGS. Same day value.



d'oh! d'oh! that's like 10M per month. Even more than BC.
After getting the 1B stock bonus?? GFF. People are living in this Kenya. Sisi hapa ni kusurvive tu


Not forgetting the underhand deals he could be playing with the company. Salo is just a drop.


That is how he was able to become an owner of the now split and sold fertilizer/non-cement business of ARM


Not many see what he put in since 1984. They only see the 114M he took out in 2017.
Life is short. Live passionately.
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Horton
#92 Posted : Wednesday, June 13, 2018 6:27:09 AM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
VituVingiSana wrote:
Who owns the offices that ARM leases?



The Chiromo land/offices belonged to ARM. unless they sold it recently. They are currently at westwood
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VituVingiSana
#93 Posted : Wednesday, June 13, 2018 9:38:08 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
sparkly wrote:
Ericsson wrote:
jgithige wrote:
Juojo wrote:
VituVingiSana wrote:
xxxxx wrote:
VituVingiSana wrote:
HaMaina wrote:
ARM boss paid Sh114m in year of Sh6.5bn loss

https://www.businessdail...05832-newev0/index.html

d'oh! d'oh! d'oh! No wonder he wants to hang on as CEO.


Hope he was one of those people whose salaries were not paid promptly.
He was the probably the first one to be paid. By RTGS. Same day value.



d'oh! d'oh! that's like 10M per month. Even more than BC.
After getting the 1B stock bonus?? GFF. People are living in this Kenya. Sisi hapa ni kusurvive tu


Not forgetting the underhand deals he could be playing with the company. Salo is just a drop.


That is how he was able to become an owner of the now split and sold fertilizer/non-cement business of ARM


Not many see what he put in since 1984. They only see the 114M he took out in 2017.
What he put in shows up as his shares/ownership. The salary is different.
Same for other "owner-operators" eg Sarit Shah of I&M, Kirubi of Centum, Bangera of Flame Tree, Thakrar of ScanGroup, etc
Of course, CK is more of an "owner" these days but he was always an "executive" director.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#94 Posted : Wednesday, June 13, 2018 9:39:40 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
Horton wrote:
VituVingiSana wrote:
Who owns the offices that ARM leases?


The Chiromo land/offices belonged to ARM. unless they sold it recently. They are currently at westwood

I was told that PHP (& family) owned the office building (both Chiromo and Westwood) and that ARM was a tenant. I may have misheard.
The offices on Chiromo Rd was a house. One of those old [beautiful] houses being torn down all over Nairobi... Sad
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kwiklana
#95 Posted : Wednesday, June 13, 2018 9:49:17 AM
Rank: New-farer


Joined: 6/13/2017
Posts: 10
Who is buying this share in such large numbers?? I am convinced it's not Wanjiku...
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littledove
#96 Posted : Thursday, June 14, 2018 9:12:14 AM
Rank: Member


Joined: 7/1/2014
Posts: 895
Location: sky
https://www.businessdailyafrica.com/corporate/companies/ARM-Cement-to-give-up-Sh854m-Tanzania-assets/4003102-4611096-1fg3k0/index.html

ARM Cement has sweetened a deal for buyers of its non-cement businesses, offering them additional assets in Tanzania worth Sh854.6 million for free.

all because of conflict of interest
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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mlennyma
#97 Posted : Thursday, June 14, 2018 9:28:21 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,175
Location: nairobi
littledove wrote:
https://www.businessdailyafrica.com/corporate/companies/ARM-Cement-to-give-up-Sh854m-Tanzania-assets/4003102-4611096-1fg3k0/index.html

ARM Cement has sweetened a deal for buyers of its non-cement businesses, offering them additional assets in Tanzania worth Sh854.6 million for free.

all because of conflict of interest

Monkey business of a CEO paying himself just incase things collapse
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#98 Posted : Thursday, June 14, 2018 10:26:34 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
littledove wrote:
https://www.businessdailyafrica.com/corporate/companies/ARM-Cement-to-give-up-Sh854m-Tanzania-assets/4003102-4611096-1fg3k0/index.html

ARM Cement has sweetened a deal for buyers of its non-cement businesses, offering them additional assets in Tanzania worth Sh854.6 million for free.

all because of conflict of interest

At this rate, there will be little left for "minority" shareholders of ARM. I wonder if the agreement with CDC gave PHP the right to screw them over!

At the minimum, ARM should get a % of the action from the "free" assets given to Omya/PHP.
Pinner = P
Heights = H
Phuckers = P

P.S. I have no ARM shares but I hope I don't get phucked in my holdings eg Unga [happening as we speak], KenRe [likely to happen], etc
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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ngapat
#99 Posted : Thursday, June 14, 2018 11:15:37 AM
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Joined: 12/11/2006
Posts: 874
Conspiracy theorists says that it is a deliberate plan to run down the company so that a strategic partner is sought to bail it out. That's when Dangote will come in.
“Invest in yourself. Your career is the engine of your wealth.”
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VituVingiSana
#100 Posted : Thursday, June 14, 2018 11:41:30 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,055
Location: Nairobi
ngapat wrote:
Conspiracy theorists says that it is a deliberate plan to run down the company so that a strategic partner is sought to bail it out. That's when Dangote will come in.

Why would Dangote want a shell?
CDC has to sell its 48% to Dangote or become a partner.
I can see Dangote's interest in the TZ plant given Dangote's plant is in southern TZ whereas the main market for cement is in Dar.
What does PHP or CDC have to gain in running down ARM?
Dangote will not pay 40/- per share which is what CDC paid.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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