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ARM Cement FY 2017 disaster - 6.5bn loss
Rank: Member Joined: 3/20/2008 Posts: 503
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VituVingiSana wrote:sparkly wrote:xxxxx wrote:Superprime1 wrote:Ericsson wrote:Share price imekataa kwenda above 3 bob.
Just plating between 2.50 and 2.95 ARM Cement in a press statement today: "We once again need to reduce our group debt and restructure the balance sheet. This restructuring process is underway; in the next few weeks we will be able to share with you the way forward for the business." Last chance for all doubters to board this BUS. @Obiero, this is your cue to sell all those little pieces of shares or sharelets you call KQ and do real investment. [Colour=green] Thank me later[/colour]. Lol. @VVS always wanted some ARM. I trust he also got some at these cheap prices. If I look at it from pure financial numbers, it looks good with a stated NAV/share of 20/- but it keeps on bleeding billions [I expect 1H to be a loss] and this reminds me of KQ. The difference is the fall was rapid vs the slow bleeding of KQ. I didnβt buy any coz I didnβt have cash + I think there are better plays than this turnaround situation. I will wait for the 1H results. If I had cash, I would rather buy Centum and NIC in the mid-30s. https://af.reuters.com/a...kenyaNews/idAFL8N1TT2UD
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Rank: Chief Joined: 1/3/2007 Posts: 18,055 Location: Nairobi
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I wonder what the cost of the Shareholder Loans will be. Will they be convertible i.e. convertible debt? How will they be secured? It's a good sign for ARM that CDC has stepped in BUT like KQ there's a lot of work that needs to be done even with a bailout. A strategic investor may want to pay a significant discount to the NAV/share based on the challenges. I hope ARM comes out of this hole and remains a strong competitor. Good luck! 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: 18,055 Location: Nairobi
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The competition is not sleeping https://www.businessdail...34976-pqfeywz/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Rank: Member Joined: 3/20/2008 Posts: 503
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Back to 3 
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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xxxxx wrote:Back to 3 Fattening  ,Behold, a sower went forth to sow;....
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Rank: Member Joined: 3/20/2008 Posts: 503
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You, my friend, are as negative on ARM as @Obiero was positive on KQ.....All ARM required was an indicator to the market that there's financial backing worthy of going concern status. We are beyond that point sir! Watch and learn
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Rank: Member Joined: 12/1/2007 Posts: 537 Location: Nakuru
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xxxxx wrote:You, my friend, are as negative on ARM as @Obiero was positive on KQ.....All ARM required was an indicator to the market that there's financial backing worthy of going concern status. We are beyond that point sir! Watch and learn In fact I would pay to know muandis stock portfolio For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
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xxxxx wrote:Back to 3 currently no supply, who is attending their agm today 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: Veteran Joined: 8/28/2015 Posts: 1,247
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winmak wrote:xxxxx wrote:You, my friend, are as negative on ARM as @Obiero was positive on KQ.....All ARM required was an indicator to the market that there's financial backing worthy of going concern status. We are beyond that point sir! Watch and learn In fact I would pay to know muandis stock portfolio hehehe, you have to sweat during planting. Otherwise do your own dance.  . 300k mumias. I can bequeath them to you when you get to seventy yawa , now do you really have to pay... Further are you the one jettisoning kplc like its going to rain acid tonight. Something must be aloof here. What do I know that you don't know. ,Behold, a sower went forth to sow;....
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Rank: Member Joined: 3/20/2008 Posts: 503
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muandiwambeu wrote:winmak wrote:xxxxx wrote:You, my friend, are as negative on ARM as @Obiero was positive on KQ.....All ARM required was an indicator to the market that there's financial backing worthy of going concern status. We are beyond that point sir! Watch and learn In fact I would pay to know muandis stock portfolio hehehe, you have to sweat during planting. Otherwise do your own dance. . 300k mumias. I can bequeath them to you when you get to seventy yawa , now do you really have to pay... Further are you the one jettisoning kplc like its going to rain acid tonight. Something must be aloof here. What do I know that you don't know. He he...the BUS is real  especially now that we know that going concern fears were over cooked.
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ARM Cement FY 2017 disaster - 6.5bn loss
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