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Uchumi resume trading 31st may
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the deal
#41 Posted : Wednesday, May 25, 2011 2:50:42 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
2012 wrote:
the deal wrote:

I tore down Uchumi into pieces find out why Uchumi is most likely to open higher than Ksh 14.50


It might open high because of excitement but it will not close the week above 8/- My reasons:

- Increase of number of shares from 180m to over 250m
- Offloading by annoyed investors who's monies have been locked up in this prison till now.
- Low confidence from new investors making it a speculative counter.

Btw, who are the new/current Directors?


I'm willing to bet..we shall not see Uchumi at 8 bob.
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VituVingiSana
#42 Posted : Wednesday, May 25, 2011 2:53:02 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
Those tax credits are now history...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Impunity
#43 Posted : Wednesday, May 25, 2011 3:21:16 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
action! wrote:
If I can get 5 bob, I will bail out. It's been too long.
However, if it gets to 2 bob, I will buy!


31-May is next week.Sio mbali.Tungojee.
This will be like an IPO to smart speculators.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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yekeyeke
#44 Posted : Wednesday, May 25, 2011 3:23:47 PM
Rank: Member

Joined: 6/4/2008
Posts: 345
Interesting.........


"In view of the forecasts, Uchumi shares, which last traded at 14.50 shillings, should be worth at least 25 shillings, Michael Gichohi, chief executive officer of Nairobi-based Suntra Investment Bank Ltd., said in an interview today."

http://www.bloomberg.com...5-to-relist-shares.html
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VituVingiSana
#45 Posted : Wednesday, May 25, 2011 3:54:26 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
yekeyeke wrote:
Interesting.........


"In view of the forecasts, Uchumi shares, which last traded at 14.50 shillings, should be worth at least 25 shillings, Michael Gichohi, chief executive officer of Nairobi-based Suntra Investment Bank Ltd., said in an interview today."

http://www.bloomberg.com...5-to-relist-shares.html
nonsense! These so-called analysts are spouting nonsense! Ati, 25/- without any real financial statements or comparisons!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#46 Posted : Wednesday, May 25, 2011 4:09:52 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
VituVingiSana wrote:
Those tax credits are now history...

Until Uchumi makes PAT of 1.9B thats when they will expire i see you dont read my blogLaughing out loudly Laughing out loudly Laughing out loudly
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yekeyeke
#47 Posted : Wednesday, May 25, 2011 4:25:32 PM
Rank: Member

Joined: 6/4/2008
Posts: 345
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Gordon Gekko
#48 Posted : Wednesday, May 25, 2011 4:51:01 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
yekeyeke wrote:
http://www.nation.co.ke/business/news/-/1006/1169104/-/51fhciz/-/index.html


Fat chance to open at 17/20, not after that massive dilution when Govt converted it's loans
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Cicero
#49 Posted : Wednesday, May 25, 2011 5:04:18 PM
Rank: Member

Joined: 7/7/2009
Posts: 111
Aaaaah, i wont sell ...

Thats after listening to you all. Since i had already written off Uchumi, i dont see why i should accept 5 bob from anyone ... aaah! When you have written off something you can wait ... and i hope most of the 18000 shareholders think that way. Anyhow, i will look at it all as it unfolds and then decide what to do after 6-months and final year results ...
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it...
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yekeyeke
#50 Posted : Wednesday, May 25, 2011 5:28:28 PM
Rank: Member

Joined: 6/4/2008
Posts: 345
Makes a lot of sense. If you bought this thing for 14.50 in 2006 then waited for 5 years, why would any shareholder want to sell at 5 bob?

What reason would that be other that temporary insanity.
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