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Uchumi re-listed 5Bob
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Gordon Gekko
#31 Posted : Sunday, May 01, 2011 11:54:27 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
@vvs, why would you be doing processed/prepared foods and there's a missus at home? I'm sure you can work the microwave if you don't want to wake her upsmileSad
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VituVingiSana
#32 Posted : Sunday, May 01, 2011 12:41:05 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
Gordon Gekko wrote:
@vvs, why would you be doing processed/prepared foods and there's a missus at home? I'm sure you can work the microwave if you don't want to wake her upsmileSad
Hah... I am not discussing my private life here... Who knows who reads these posts!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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sparkly
#33 Posted : Sunday, May 01, 2011 1:46:24 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Sober wrote:
Gordon Gekko wrote:
However the building that houses Lifestyle is owned by NSSF and I hear they will put at least 30 storeys on it. If the user is a combination of offices and apartments, then that could redefine Lifestyle.


that is very true, when the foundation was done that was put into consideration and when the client gets money more of the upper floors will be done.

Nssf was prevented from putting up the rest of the floors by the RBA laws and regulations of 1997. Nssf was not allowed to have more than 30% invested in real estate. Nssf could not finish the building and was even forced to sell some of its properties.
Life is short. Live passionately.
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VituVingiSana
#34 Posted : Sunday, May 01, 2011 5:43:37 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
sparkly wrote:
Sober wrote:
Gordon Gekko wrote:
However the building that houses Lifestyle is owned by NSSF and I hear they will put at least 30 storeys on it. If the user is a combination of offices and apartments, then that could redefine Lifestyle.


that is very true, when the foundation was done that was put into consideration and when the client gets money more of the upper floors will be done.

Nssf was prevented from putting up the rest of the floors by the RBA laws and regulations of 1997. Nssf was not allowed to have more than 30% invested in real estate. Nssf could not finish the building and was even forced to sell some of its properties.
RBA should have told NSSF, do not buy new properties instead of forcing them to sell good properties...

Anyway, hopefully NSSF can build it OR partner with good/'claen' asset managers & developers to build the 30 stories!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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The fast & furious
#35 Posted : Wednesday, May 11, 2011 10:12:03 AM
Rank: Member

Joined: 9/24/2009
Posts: 112
Surealligator wrote:
Wendz]I have no appetite for this one..... at least not in the near future.

Quote:



@Wendz

If you are still in the soko, then don't hesitate to buy Pan Africa Insurance Holding. Won't you?




@Wendz, did you buy Pan Africa?
The signature of God runs in all things. Only fools fail to see it and believe in Him. However, others see it even where non exists - now you see where the false pastor comes in.
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Gordon Gekko
#36 Posted : Wednesday, May 11, 2011 12:19:19 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Is there a chance that Jan Mohammed was brought to the board to be the 'independent' chairman? Is there any rule against a serving chief executive in a listed firm being a chairman of another listed firm?Sad Sad
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mkonomtupu
#37 Posted : Wednesday, May 11, 2011 12:20:18 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
Supermarket sales volumes 2009(us $m) No. of outlets
Nakumatt 363 29
Tuskys 231 25
Uchumi 132 17
Naivas 69 13
Chandarana 12.5 6

source: US Foreign Agricultural Service assessment of commodity and trade issues
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Gordon Gekko
#38 Posted : Wednesday, May 11, 2011 1:31:50 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760

Very crude mathematics. The average sell for each store are as follows:

Nakumatt 363/29 = 12.5
Tuskys 231/25 = 9.2
Uchumi 132/17 = 7.8
Naivas 69/13 = 5.3
Chandarana 12.5/6 = 2.1

Nakumatt is light years ahead, means either the stores are very well located or there is advantage in economies of scale.

Tuskys looks quite disappointing.
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  | | Edit by user: Wednesday, May 11, 2011 1:33 PM | Reason: Not specified
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