Wazua
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ARM Cement HY18
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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SBG analysts dreaming too much, the mattress must be new πππ Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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sparkly wrote:SBG analysts dreaming too much, the mattress must be new πππ The Tanzania subsidiary had how much owed to creditors. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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sparkly wrote:SBG analysts dreaming too much, the mattress must be new πππ I wonder too. FY 2017,showed the company was in negative equity.Where will this 10 billion come from? Meanwhile let's wait for FY 18 numbers which was delayed.Then we will see if something has changed. Either Paunrama or CDC will fork out the 10 billion according to SBG. Towards the goal of financial freedom
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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Ebenyo wrote:sparkly wrote:SBG analysts dreaming too much, the mattress must be new πππ I wonder too. FY 2017,showed the company was in negative equity.Where will this 10 billion come from? Meanwhile let's wait for FY 18 numbers which was delayed.Then we will see if something has changed. Either Paunrama or CDC will fork out the 10 billion according to SBG. Don't wait for anything in FY18 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 7/16/2018 Posts: 23
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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Bishofu wrote:https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected The company was sold short by about USD 15M or more
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Bishofu wrote:https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected That a Kenyan Newspaper/Kenyan business journalist could not be the first to bring this story to the fore leaves a lot to be desired. Dumb money becomes dumb only when it listens to smart money
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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obiero wrote:Bishofu wrote:https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected The company was sold short by about USD 15M or more PwC received the offer βfrom a consortium associated with one of the shareholders of the company in conjunction with another party.β The shareholder submitted the bid on May 17, six weeks after an April 5 deadline, according to a letter sent to creditors and seen by Bloomberg. It sought to explain why the administrators accepted an earlier bid of $50 million. It was not fault of PWC
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Rank: Elder Joined: 6/23/2009 Posts: 13,472 Location: nairobi
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FUNKY wrote:obiero wrote:Bishofu wrote:https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected The company was sold short by about USD 15M or more PwC received the offer βfrom a consortium associated with one of the shareholders of the company in conjunction with another party.β The shareholder submitted the bid on May 17, six weeks after an April 5 deadline, according to a letter sent to creditors and seen by Bloomberg. It sought to explain why the administrators accepted an earlier bid of $50 million. It was not fault of PWC No one has faulted PWC.. Just saying that a higher price was put on the table
HF 428,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 4/23/2014 Posts: 903
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obiero wrote:Bishofu wrote:https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected The company was sold short by about USD 15M or more I Hadn't seen this. Kenyan Steel Tycoon Narendra Raval To Acquire ARM Cement For $50 Million https://www.forbes.com/s...0-million/#1b4f4198242e
βYou can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.β - Ben Graham
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Rank: Elder Joined: 12/4/2009 Posts: 10,636 Location: NAIROBI
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HaMaina wrote:obiero wrote:Bishofu wrote:https://www.bloomberg.com/news/articles/2019-05-29/post-deadline-arm-cement-higher-bid-of-65-million-rejected The company was sold short by about USD 15M or more I Hadn't seen this. Kenyan Steel Tycoon Narendra Raval To Acquire ARM Cement For $50 Million https://www.forbes.com/s...0-million/#1b4f4198242e
Now the post/discussion can be closed. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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FUNKY wrote:https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true This was a shambolic acquisition. Let's the mahakamas decide. "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: New-farer Joined: 7/16/2018 Posts: 23
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The court knows only one solution...liquidation!
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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jgithige wrote:FUNKY wrote:https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true This was a shambolic acquisition. Let's the mahakamas decide. What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors? Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 5/8/2007 Posts: 709
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Fyatu wrote:jgithige wrote:FUNKY wrote:https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true This was a shambolic acquisition. Let's the mahakamas decide. What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors? https://www.businessdail...2698-33ifiez/index.html
https://t.co/vho2KM0YhV?amp=1
https://t.co/omZYw6n819?amp=1
I have a work colleague who lost 2M with this share, she had bought at Ksh 90.5 per share. Faida investment bank had recommended this year to some investors,including me.It was a strong buy to them, they had some tinker plant in TZ ,e.t.c
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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faa wrote:Fyatu wrote:jgithige wrote:FUNKY wrote:https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true This was a shambolic acquisition. Let's the mahakamas decide. What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors? https://www.businessdail...2698-33ifiez/index.html
https://t.co/vho2KM0YhV?amp=1
https://t.co/omZYw6n819?amp=1
I have a work colleague who lost 2M with this share, she had bought at Ksh 90.5 per share. Faida investment bank had recommended this year to some investors,including me.It was a strong buy to them, they had some tinker plant in TZ ,e.t.c I'd rather come here and get advise than listen to any stock brokerage /investment bank in this country. possunt quia posse videntur
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Rank: Chief Joined: 1/3/2007 Posts: 18,050 Location: Nairobi
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faa wrote:Fyatu wrote:jgithige wrote:FUNKY wrote:https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true This was a shambolic acquisition. Let's the mahakamas decide. What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors? https://www.businessdail...2698-33ifiez/index.html
https://t.co/vho2KM0YhV?amp=1
https://t.co/omZYw6n819?amp=1
I have a work colleague who lost 2M with this share, she had bought at Ksh 90.5 per share. Faida investment bank had recommended this year to some investors,including me.It was a strong buy to them, they had some tinker plant in TZ ,e.t.c I did not buy at 90 but I remember the hype back then. If things had gone according to plan: 1) Clinker plant completion on time 2) USD/TZS remaining stable 3) No drama from Magufuli regarding imported coal And other bleeding from a 1,000 cuts. Then ARM could have been way ahead of the competition but... 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: 13,472 Location: nairobi
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VituVingiSana wrote:faa wrote:Fyatu wrote:jgithige wrote:FUNKY wrote:https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true This was a shambolic acquisition. Let's the mahakamas decide. What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors? https://www.businessdail...2698-33ifiez/index.html
https://t.co/vho2KM0YhV?amp=1
https://t.co/omZYw6n819?amp=1
I have a work colleague who lost 2M with this share, she had bought at Ksh 90.5 per share. Faida investment bank had recommended this year to some investors,including me.It was a strong buy to them, they had some tinker plant in TZ ,e.t.c I did not buy at 90 but I remember the hype back then. If things had gone according to plan: 1) Clinker plant completion on time 2) USD/TZS remaining stable 3) No drama from Magufuli regarding imported coal And other bleeding from a 1,000 cuts. Then ARM could have been way ahead of the competition but... You bought at KES 93.. I remember
HF 428,000 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: 18,050 Location: Nairobi
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obiero wrote:VituVingiSana wrote:faa wrote:Fyatu wrote:jgithige wrote:FUNKY wrote:https://www.businessdailyafrica.com/corporate/companies/4003102-5202056-view-asAMP-b3xe9z/index.html?__twitter_impression=true This was a shambolic acquisition. Let's the mahakamas decide. What did the Korti bandia decide on this matter? Has Paunrana and CDC found money to pay off the creditors? https://www.businessdail...2698-33ifiez/index.html
https://t.co/vho2KM0YhV?amp=1
https://t.co/omZYw6n819?amp=1
I have a work colleague who lost 2M with this share, she had bought at Ksh 90.5 per share. Faida investment bank had recommended this year to some investors,including me.It was a strong buy to them, they had some tinker plant in TZ ,e.t.c I did not buy at 90 but I remember the hype back then. If things had gone according to plan: 1) Clinker plant completion on time 2) USD/TZS remaining stable 3) No drama from Magufuli regarding imported coal And other bleeding from a 1,000 cuts. Then ARM could have been way ahead of the competition but... You bought at KES 93.. I remember You are trying too hard to remain relevant. The KQ thread isn't exciting enough?  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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