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Uchumi resume trading 31st may
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VituVingiSana
#51 Posted : Wednesday, May 25, 2011 5:58:34 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
Unless you are very desperate for cash... if you have waited 5 years, wait a few more months!

But as a potential buyer I have to shout SELL, SELL, SELL...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Kaffir
#52 Posted : Wednesday, May 25, 2011 6:15:07 PM
Rank: Member

Joined: 5/8/2008
Posts: 77
I will be buying from anyone silly enough to sell under 10 bob.. Im not yet sure why people here are expecting it to trade at such low prices - people were buying it at 14.5 when the company was moribund. And that was with a stronger shilling! PLus, the profile of persons holding the newly issued shares isnt that of panic sellers.
But Tuesday is under a week away. Lets see how it goes.
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Tommy
#53 Posted : Thursday, May 26, 2011 7:32:35 AM
Rank: Veteran

Joined: 12/9/2010
Posts: 894
Location: Nairobi
citizen news values the stock at 17.20. cant wait for tuesday.
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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the deal
#54 Posted : Thursday, May 26, 2011 8:26:32 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Tommy wrote:
citizen news values the stock at 17.20. cant wait for tuesday.

I think true value is in the 25-35 range
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mlennyma
#55 Posted : Thursday, May 26, 2011 8:43:10 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Will you buy co-op bank at 17 or uchumi?will u buy kcb at 25 or uchumi?..i dont regret my stand uchumi is a no go zone.
"Don't let the fear of losing be greater than the excitement of winning."
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Gordon Gekko
#56 Posted : Thursday, May 26, 2011 8:53:31 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
BTW, one of the conditions for re-listing was getting an 'independent' chair. Haven't heard of one.
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invest0r
#57 Posted : Thursday, May 26, 2011 9:31:35 AM
Rank: Member

Joined: 12/15/2010
Posts: 162
Gordon Gekko wrote:
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


Is there anybody with the detailed report of how KPMG arrived at the valuation of 17/20?
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the deal
#58 Posted : Thursday, May 26, 2011 9:36:39 AM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
invest0r wrote:
Gordon Gekko wrote:
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


Is there anybody with the detailed report of how KPMG arrived at the valuation of 17/20?

If you go here http://contrarianinvestingkenya.blogspot.com you will find that NAV for 1H 2010-11 is above Ksh10 bob what of year end?
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Tommy
#59 Posted : Thursday, May 26, 2011 11:13:56 AM
Rank: Veteran

Joined: 12/9/2010
Posts: 894
Location: Nairobi
the deal wrote:
invest0r wrote:
Gordon Gekko wrote:
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


Is there anybody with the detailed report of how KPMG arrived at the valuation of 17/20?

If you go here http://contrarianinvestingkenya.blogspot.com you will find that NAV for 1H 2010-11 is above Ksh10 bob what of year end?

I thought that this will show how they arrived at 17/20. in the blog above It has been recommended as a speculative buy. But For me this is a no go zone
Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Sufficiently Philanga....thropic
#60 Posted : Thursday, May 26, 2011 11:43:18 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
This stock will be one of the success stories of year 2011 at the NSE.
You had better grab yourself a slice come Tuesday next week!
@SufficientlyP
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  | | Edit by user: Thursday, May 26, 2011 11:44 AM | Reason: Not specified
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