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6 Pages«<3456>
ARM Cement HY18
nairobby
#81 Posted : Wednesday, May 22, 2019 12:09:04 PM
Rank: Member


Joined: 1/18/2019
Posts: 123
Location: kenya
The fact that Devki got ARM's Kenya assets at a paltry 5 billion is very telling. There must be some vested interests from above here.
littledove
#82 Posted : Wednesday, May 22, 2019 12:53:03 PM
Rank: Member


Joined: 7/1/2014
Posts: 716
Location: sky
https://www.businessdailyafrica.com/news/Cement-tycoon-in-Sh5bn-buyout-of-collapsed-ARM/539546-5126436-8hw95ez/index.html
“Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”
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
xxxxx
#83 Posted : Wednesday, May 22, 2019 12:55:36 PM
Rank: Member


Joined: 3/20/2008
Posts: 465
obiero wrote:
sparkly wrote:
the deal wrote:
Burned beyond recognition....in KQ the lenders are shareholders...They can't pull such a stunt...we are in it together...smile


1. Only local lenders became shareholders. KQ is still indebted to international lenders like American EXIM Bank. GoK had to issue new guarantees to the international lenders. If KQ doesn't pay, the international lenders will just seize the leased assets (planes) wherever they will be. Easier now since KQ flies to the US.

2. Paunrana and CDC did the right. If a monkey is dead, leave it for the vultures. You might salvage a few bones after the vultures are done. Its the essence of insolvency/ bankruptcy protection laws. GoK should follow suit and let KQ die. KLM was sensible not to pump more capital into a dead monkey.

1. What is a government guarantee?
2. KLM Heathrow additional slot is currently used by KQ as the 'inkind' KLM contributions.. With the JV still being active

But today we are here to mourn ARM. Let us give our last respects without drama


@obiero

ARM is a better investment prospect than KQ. It all boils down to price.

Moreover if the below is factual, we'll be laughing all the way to the bankLaughing out loudly

Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”

the deal
#84 Posted : Wednesday, May 22, 2019 1:27:21 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,486
Location: Windhoek/Nairobbery
ARM CEMENT IS DEAD...You will be luck to get even 1bob per share...just do the math Laughing out loudly Laughing out loudly Laughing out loudly
xxxxx
#85 Posted : Wednesday, May 22, 2019 1:45:17 PM
Rank: Member


Joined: 3/20/2008
Posts: 465
the deal wrote:
ARM CEMENT IS DEAD...You will be luck to get even 1bob per share...just do the math Laughing out loudly Laughing out loudly Laughing out loudly


Be sure we wrote ARM off in the books 100%. That's the main difference between arm shareholders and KQ shareholders

However, the prospect s of arm as a going concern are much much better than those of KQ. At the ratekqq is generating negative equity; u will be lucky to get anything back even if you contribute to its further recapitalizations that are on that cardsLaughing out loudly

obiero
#86 Posted : Wednesday, May 22, 2019 1:49:27 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,040
Location: nairobi
xxxxx wrote:
obiero wrote:
sparkly wrote:
the deal wrote:
Burned beyond recognition....in KQ the lenders are shareholders...They can't pull such a stunt...we are in it together...smile


1. Only local lenders became shareholders. KQ is still indebted to international lenders like American EXIM Bank. GoK had to issue new guarantees to the international lenders. If KQ doesn't pay, the international lenders will just seize the leased assets (planes) wherever they will be. Easier now since KQ flies to the US.

2. Paunrana and CDC did the right. If a monkey is dead, leave it for the vultures. You might salvage a few bones after the vultures are done. Its the essence of insolvency/ bankruptcy protection laws. GoK should follow suit and let KQ die. KLM was sensible not to pump more capital into a dead monkey.

1. What is a government guarantee?
2. KLM Heathrow additional slot is currently used by KQ as the 'inkind' KLM contributions.. With the JV still being active

But today we are here to mourn ARM. Let us give our last respects without drama


@obiero

ARM is a better investment prospect than KQ. It all boils down to price.

Moreover if the below is factual, we'll be laughing all the way to the bankLaughing out loudly

Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”


Let us meet on the KQ thread.. People are mourning here. This is not the best place to discuss
COOP 5,500; KCB 3,700; KNRE 100,000; KQ 221,100
xxxxx
#87 Posted : Wednesday, May 22, 2019 2:04:51 PM
Rank: Member


Joined: 3/20/2008
Posts: 465
obiero wrote:
xxxxx wrote:
obiero wrote:
sparkly wrote:
the deal wrote:
Burned beyond recognition....in KQ the lenders are shareholders...They can't pull such a stunt...we are in it together...smile


1. Only local lenders became shareholders. KQ is still indebted to international lenders like American EXIM Bank. GoK had to issue new guarantees to the international lenders. If KQ doesn't pay, the international lenders will just seize the leased assets (planes) wherever they will be. Easier now since KQ flies to the US.

2. Paunrana and CDC did the right. If a monkey is dead, leave it for the vultures. You might salvage a few bones after the vultures are done. Its the essence of insolvency/ bankruptcy protection laws. GoK should follow suit and let KQ die. KLM was sensible not to pump more capital into a dead monkey.

1. What is a government guarantee?
2. KLM Heathrow additional slot is currently used by KQ as the 'inkind' KLM contributions.. With the JV still being active

But today we are here to mourn ARM. Let us give our last respects without drama


@obiero

ARM is a better investment prospect than KQ. It all boils down to price.

Moreover if the below is factual, we'll be laughing all the way to the bankLaughing out loudly

Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”


Let us meet on the KQ thread.. People are mourning here. This is not the best place to discuss

Laughing out loudly Laughing out loudly very silly Laughing out loudly Laughing out loudly
sparkly
#88 Posted : Wednesday, May 22, 2019 2:53:34 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,130
Location: Enk are Nyirobi
xxxxx wrote:
the deal wrote:
ARM CEMENT IS DEAD...You will be luck to get even 1bob per share...just do the math Laughing out loudly Laughing out loudly Laughing out loudly


Be sure we wrote ARM off in the books 100%. That's the main difference between arm shareholders and KQ shareholders

However, the prospect s of arm as a going concern are much much better than those of KQ. At the ratekqq is generating negative equity; u will be lucky to get anything back even if you contribute to its further recapitalizations that are on that cardsLaughing out loudly



@xxxxx pole sana. ARM died and the morticians are carrying out the final rites. KQ, Mumias, HAFR are in ICU barely breathing. They might pull through or not.
Life is short. Live passionately.
nairobby
#89 Posted : Wednesday, May 22, 2019 3:18:04 PM
Rank: Member


Joined: 1/18/2019
Posts: 123
Location: kenya
#TBT Paunrana seems like a fairly competent guy here. Sad how it all went to shit https://www.youtube.com/watch?v=4lV6busyoPU
Fyatu
#90 Posted : Wednesday, May 22, 2019 3:59:47 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,493
Location: Nakuru
littledove wrote:
https://www.businessdailyafrica.com/news/Cement-tycoon-in-Sh5bn-buyout-of-collapsed-ARM/539546-5126436-8hw95ez/index.html
“Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”



I still insist that a circular to shareholders should be circulated detailing how this carcass has been decimated by the scavengers. Even after death a verbal autopsy is required for closure.

To be honest i have been hit hard. This is a major impairment to my life savings/capital(> 0.5 million bob). It is very painful. Paunrana can do shareholders a great deal by doing an interview providing details(some sort of requiem mass).
Dumb money becomes dumb only when it listens to smart money
Ebenyo
#91 Posted : Wednesday, May 22, 2019 4:40:46 PM
Rank: Veteran


Joined: 4/4/2016
Posts: 1,695
Location: Kitale
Fyatu wrote:
littledove wrote:
https://www.businessdailyafrica.com/news/Cement-tycoon-in-Sh5bn-buyout-of-collapsed-ARM/539546-5126436-8hw95ez/index.html
“Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”



I still insist that a circular to shareholders should be circulated detailing how this carcass has been decimated by the scavengers. Even after death a verbal autopsy is required for closure.

To be honest i have been hit hard. This is a major impairment to my life savings/capital(> 0.5 million bob). It is very painful. Paunrana can do shareholders a great deal by doing an interview providing details(some sort of requiem mass).


Sad pole @fyatu.Have you received any information from Atlas company of Carl Esprey? But take heart cause it's not over with ARM.The national cement might decide to continue the business.
Towards the goal of financial freedom
Fyatu
#92 Posted : Wednesday, May 22, 2019 5:03:39 PM
Rank: Veteran


Joined: 1/20/2011
Posts: 1,493
Location: Nakuru
Ebenyo wrote:
Fyatu wrote:
littledove wrote:
https://www.businessdailyafrica.com/news/Cement-tycoon-in-Sh5bn-buyout-of-collapsed-ARM/539546-5126436-8hw95ez/index.html
“Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”



I still insist that a circular to shareholders should be circulated detailing how this carcass has been decimated by the scavengers. Even after death a verbal autopsy is required for closure.

To be honest i have been hit hard. This is a major impairment to my life savings/capital(> 0.5 million bob). It is very painful. Paunrana can do shareholders a great deal by doing an interview providing details(some sort of requiem mass).


Sad pole @fyatu.Have you received any information from Atlas company of Carl Esprey? But take heart cause it's not over with ARM.The national cement might decide to continue the business.


The last time i heard from Carl Esprey is when he wrote a letter describing the sale of the chancho project to some investors. He also spoke of getting into betting machines in South Africa etc. As well as winding up Atlas where he would share with shareholders the remaining crumbs. Never heard from him since.

ARM can do the same. Write a "kwaheri ya kuonana" circular and we shall heal.
Dumb money becomes dumb only when it listens to smart money
omega
#93 Posted : Wednesday, May 22, 2019 9:10:32 PM
Rank: Member


Joined: 6/9/2009
Posts: 68
VituVingiSana
#94 Posted : Wednesday, May 22, 2019 9:32:48 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,185
Location: Nairobi
I hope this thread doesn't become another KQ-like thread.
Discussions and discussions about a dead horse! Laughing out loudly
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
jgithige
#95 Posted : Thursday, May 23, 2019 5:00:53 PM
Rank: Member


Joined: 7/10/2014
Posts: 121
Location: Nairobi
Fyatu wrote:
littledove wrote:
https://www.businessdailyafrica.com/news/Cement-tycoon-in-Sh5bn-buyout-of-collapsed-ARM/539546-5126436-8hw95ez/index.html
“Sale of Tanzania business could be completed in one to two months. There are bidders already. The Tanzanian subsidiary has a bigger operation and is expected to fetch a higher price than the Kenyan business,” said Mr Weru. He added that while the deal is a positive step towards realising value for the ARM creditors, it may be too soon for shareholders to celebrate. “It may be a challenge for proceeds to remain for distribution to shareholders, but let us wait for all the transactions to be completed.”



I still insist that a circular to shareholders should be circulated detailing how this carcass has been decimated by the scavengers. Even after death a verbal autopsy is required for closure.

To be honest i have been hit hard. This is a major impairment to my life savings/capital(> 0.5 million bob). It is very painful. Paunrana can do shareholders a great deal by doing an interview providing details(some sort of requiem mass).


Laughing out loudly Laughing out loudly Muhindi vs Muhindi.
"Blowing out someone else candle won't make yours shine brighter"-Anonymous
Ericsson
#96 Posted : Friday, May 24, 2019 9:19:00 PM
Rank: Elder


Joined: 12/4/2009
Posts: 7,066
Location: NAIROBI
National Cement to invest $36mn in ARM after acquiring its assets
sparkly
#97 Posted : Friday, May 24, 2019 10:31:22 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,130
Location: Enk are Nyirobi
Ericsson wrote:
National Cement to invest $36mn in ARM after acquiring its assets


How now? You are giving ARM shareholders false hope.
Life is short. Live passionately.
VituVingiSana
#98 Posted : Friday, May 24, 2019 10:42:14 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,185
Location: Nairobi
sparkly wrote:
Ericsson wrote:
National Cement to invest $36mn in ARM after acquiring its assets


How now? You are giving ARM shareholders false hope.
How so? This investment is post-acquisition. Surely, most ARM shareholders understand this doesn't benefit them.

If Rubis invests $10mn to revamp the KK stations, it means nothing to former KK shareholders.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
sparkly
#99 Posted : Friday, May 24, 2019 11:30:40 PM
Rank: Elder


Joined: 9/23/2009
Posts: 7,130
Location: Enk are Nyirobi
VituVingiSana wrote:
sparkly wrote:
Ericsson wrote:
National Cement to invest $36mn in ARM after acquiring its assets


How now? You are giving ARM shareholders false hope.
How so? This investment is post-acquisition. Surely, most ARM shareholders understand this doesn't benefit them.

If Rubis invests $10mn to revamp the KK stations, it means nothing to former KK shareholders.


It should read NC to invest $36mn in assets acquired from ARM.
Life is short. Live passionately.
littledove
#100 Posted : Monday, May 27, 2019 9:39:12 AM
Rank: Member


Joined: 7/1/2014
Posts: 716
Location: sky

is somebody giving investors false hope?



https://kenyanwallstreet.com/arm-shareholders-could-get-ksh10-42-per-share-from-the-sale-of-the-company/
Going by SBG’s calculations, assuming ARM sells off its Kenyan, Tanzanian, Rwandan, and South African businesses net of all debt, investors could earn $100 million (KSh10.1 billion) which roughly equates to KSh10.42 per share.
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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