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ARM Cement HY18
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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'Clarification' 1 of 3  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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'Clarification' 2 of 3  Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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'Clarification' 3 of 3  Pesa Nane plans to be shilingi when he grows up.
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Rank: New-farer Joined: 11/28/2018 Posts: 42 Location: Nairobi
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LINKOman’s Raysut Cement said on Tuesday it plans to acquire Kenya’s ARM Cement, which went into administration in August, as part of its expansion plans. Raysut has expressed its interest to the administrators to acquire the company, it said in a statement. “The acquisition will complement Raysut’s revised strategy to manufacture clinker in proximity to the markets it supplies to in East Africa,” Raysut said in the statement, adding that the acquisition was estimated to be worth more than $100 million. Raysut Cement is currently setting up a grinding unit in Somaliland and Mogadishu, Somalia with a Dubai-based partner. The company is also in advanced discussions to acquire cement producers in Uganda and Djibouti. ARM Cement, once Kenya’s second-largest cement maker, owes about $190 million to a range of creditors, including local commercial banks. ARM’s creditors in October approved the sale of some assets to cut debt.
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Rank: New-farer Joined: 11/28/2018 Posts: 42 Location: Nairobi
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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Hii ilizama and i moved on to t/bills  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: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Hapa shareholders will get nothing Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 7/1/2014 Posts: 895 Location: sky
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Ericsson wrote:Hapa shareholders will get nothing means they are just buying debt? jokers 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: 12/7/2012 Posts: 11,901
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littledove wrote:Ericsson wrote:Hapa shareholders will get nothing means they are just buying debt? jokers Who are the jokers? 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: 4/4/2016 Posts: 1,996 Location: Kitale
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drogon wrote:LINKOman’s Raysut Cement said on Tuesday it plans to acquire Kenya’s ARM Cement, which went into administration in August, as part of its expansion plans. Raysut has expressed its interest to the administrators to acquire the company, it said in a statement. “The acquisition will complement Raysut’s revised strategy to manufacture clinker in proximity to the markets it supplies to in East Africa,” Raysut said in the statement, adding that the acquisition was estimated to be worth more than $100 million. Raysut Cement is currently setting up a grinding unit in Somaliland and Mogadishu, Somalia with a Dubai-based partner. The company is also in advanced discussions to acquire cement producers in Uganda and Djibouti. ARM Cement, once Kenya’s second-largest cement maker, owes about $190 million to a range of creditors, including local commercial banks. ARM’s creditors in October approved the sale of some assets to cut debt. The competition will be between dangote and raysut.Lets wait and see who will take over ARM Towards the goal of financial freedom
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Rank: Chief Joined: 1/3/2007 Posts: 18,054 Location: Nairobi
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Too much brouhaha over this. $190mn (& growing) in debt $100mn for 70% leaving 959mn shares with 30%. If most of the $100mn goes towards paying down bank debt and other liabilities eg NSSF, NHIF, etc then what's left will be used to boost working capital and pay interest. Perhaps there may be a Debt:Equity Conversion like Uchumi and KQ so banks will end up as significant shareholders. The good news is that even a diminished/diluted shareholding is better than getting nothing. An example is KQ where "minority" shareholders ended up with some value vs a complete wipeout BUT with only 5% of the shareholding. A 5-30% loaf is better than none. Current shareholders will have little say given ARM is under administration whose loyalties are to the banks. 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:Too much brouhaha over this.
$190mn (& growing) in debt
$100mn for 70% leaving 959mn shares with 30%.
If most of the $100mn goes towards paying down bank debt and other liabilities eg NSSF, NHIF, etc then what's left will be used to boost working capital and pay interest.
Perhaps there may be a Debt:Equity Conversion like Uchumi and KQ so banks will end up as significant shareholders.
The good news is that even a diminished/diluted shareholding is better than getting nothing.
An example is KQ where "minority" shareholders ended up with some value vs a complete wipeout BUT with only 5% of the shareholding.
A 5-30% loaf is better than none.
Current shareholders will have little say given ARM is under administration whose loyalties are to the banks. Leo umekuwa mhumble sana.. Kumbe personal losses can make someone this humble
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: 7/1/2014 Posts: 895 Location: sky
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Angelica _ann wrote:littledove wrote:Ericsson wrote:Hapa shareholders will get nothing means they are just buying debt? jokers Who are the jokers? The buyer, the bid covers only the debts, even if you are chasing a dog you at least give a bone 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: 12/7/2012 Posts: 11,901
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obiero wrote:VituVingiSana wrote:Too much brouhaha over this.
$190mn (& growing) in debt
$100mn for 70% leaving 959mn shares with 30%.
If most of the $100mn goes towards paying down bank debt and other liabilities eg NSSF, NHIF, etc then what's left will be used to boost working capital and pay interest.
Perhaps there may be a Debt:Equity Conversion like Uchumi and KQ so banks will end up as significant shareholders.
The good news is that even a diminished/diluted shareholding is better than getting nothing.
An example is KQ where "minority" shareholders ended up with some value vs a complete wipeout BUT with only 5% of the shareholding.
A 5-30% loaf is better than none.
Current shareholders will have little say given ARM is under administration whose loyalties are to the banks. Leo umekuwa mhumble sana.. Kumbe personal losses can make someone this humble Yawa Obiero  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: 18,054 Location: Nairobi
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obiero wrote:VituVingiSana wrote:Too much brouhaha over this.
$190mn (& growing) in debt
$100mn for 70% leaving 959mn shares with 30%.
If most of the $100mn goes towards paying down bank debt and other liabilities eg NSSF, NHIF, etc then what's left will be used to boost working capital and pay interest.
Perhaps there may be a Debt:Equity Conversion like Uchumi and KQ so banks will end up as significant shareholders.
The good news is that even a diminished/diluted shareholding is better than getting nothing.
An example is KQ where "minority" shareholders ended up with some value vs a complete wipeout BUT with only 5% of the shareholding.
A 5-30% loaf is better than none.
Current shareholders will have little say given ARM is under administration whose loyalties are to the banks. Leo umekuwa mhumble sana.. Kumbe personal losses can make someone this humble It's written off  so anything I get, even 5%, is a profit. I am NOT waiting eternally for an "Open Offer" unlike some I am waiting for Rubis to send me a RTGS  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:obiero wrote:VituVingiSana wrote:Too much brouhaha over this.
$190mn (& growing) in debt
$100mn for 70% leaving 959mn shares with 30%.
If most of the $100mn goes towards paying down bank debt and other liabilities eg NSSF, NHIF, etc then what's left will be used to boost working capital and pay interest.
Perhaps there may be a Debt:Equity Conversion like Uchumi and KQ so banks will end up as significant shareholders.
The good news is that even a diminished/diluted shareholding is better than getting nothing.
An example is KQ where "minority" shareholders ended up with some value vs a complete wipeout BUT with only 5% of the shareholding.
A 5-30% loaf is better than none.
Current shareholders will have little say given ARM is under administration whose loyalties are to the banks. Leo umekuwa mhumble sana.. Kumbe personal losses can make someone this humble It's written off so anything I get, even 5%, is a profit. I am NOT waiting eternally for an "Open Offer" unlike some I am waiting for Rubis to send me a RTGS Hata mimi nimeprovide for KQ.. Fully provisioned 😁😁
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: 18,054 Location: Nairobi
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obiero wrote:VituVingiSana wrote:obiero wrote:VituVingiSana wrote:Too much brouhaha over this.
$190mn (& growing) in debt
$100mn for 70% leaving 959mn shares with 30%.
If most of the $100mn goes towards paying down bank debt and other liabilities eg NSSF, NHIF, etc then what's left will be used to boost working capital and pay interest.
Perhaps there may be a Debt:Equity Conversion like Uchumi and KQ so banks will end up as significant shareholders.
The good news is that even a diminished/diluted shareholding is better than getting nothing.
An example is KQ where "minority" shareholders ended up with some value vs a complete wipeout BUT with only 5% of the shareholding.
A 5-30% loaf is better than none.
Current shareholders will have little say given ARM is under administration whose loyalties are to the banks. Leo umekuwa mhumble sana.. Kumbe personal losses can make someone this humble It's written off so anything I get, even 5%, is a profit. I am NOT waiting eternally for an "Open Offer" unlike some I am waiting for Rubis to send me a RTGS Hata mimi nimeprovide for KQ.. Fully provisioned 😁😁 Finally! 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: 18,054 Location: Nairobi
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ARM Cement suitors have one month to submit bids https://www.businessdail...7660-13owlxp/index.html
>>> Shareholders may not see anything after the creditors are paid off but it will be resolved one way or another. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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