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Ati 17bob for Uchumi?
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mukiha
#1 Posted : Thursday, May 26, 2011 2:09:19 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Hawa watu wawache mchezo!

As at 30 June 2010: EPS = 4.81 and this include a huge tax credit accounting for about half of the PAT. Thus REAL EPS is about 2.40.

At 17 bob, we looking a P/E of 7.

The NAV is about 8.5

Would you still by at 17?
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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The Merchant
#2 Posted : Thursday, May 26, 2011 2:26:24 PM
Rank: Veteran

Joined: 5/24/2010
Posts: 846
Location: KENYA
No i would not. But I would buy at 5 if some fellow out there wants to be rid of his burden. smile
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VituVingiSana
#3 Posted : Thursday, May 26, 2011 2:58:42 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,356
Location: Nairobi
@mukiha - Please discount the PBT by 30% [I am note sure how much more of the tax credits are available] to get a 'normalized' EPS

I think we need to look at 1H 2010-11 earnings not just FY 2009-10 plus how many issued shares does Uchumi have today?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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the deal
#4 Posted : Thursday, May 26, 2011 2:59:33 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Anybody with Uchumi shares and willing to sell at 17bob...we can conclude the transaction here...i want 5000 shares.
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yekeyeke
#5 Posted : Thursday, May 26, 2011 3:11:30 PM
Rank: Member

Joined: 6/4/2008
Posts: 345
@ the deal.

At 17 bob i cant sell these to anyone and i have 150K shares. May be i can offload 20% when the price hits 25 bob.
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mukiha
#6 Posted : Thursday, May 26, 2011 3:13:35 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
Latest results are here: http://www.nse.co.ke/new...Announcements/Uchumi.pdf
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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the deal
#7 Posted : Thursday, May 26, 2011 3:13:46 PM
Rank: Elder

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

At 17 bob i cant sell these to anyone and i have 150K shares. May be i can offload 20% when the price hits 25 bob.

Pass me your email...150K is alot...just sell a fraction of that to me...sharing is caring you know.
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MatataMingi
#8 Posted : Thursday, May 26, 2011 3:21:28 PM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
@deal
I have 3000 shares. I had written them off. So now if they start trading again, I will hold on to them. If they go below 10/=, I will buy more.

Forget these guys who want to buy at 2 to 5 Shs.
I dont think that is going to happen because:

- Major shareholders can't sell for a year. therefore no big volumes on offer.
- Many of the smaller shareholders don't even have CDS`account, and can't start selling straigt away.
- Some like me will look at this as a godsend. Why sell now when you can "maybe" get a better price down the road.

Regards
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mukiha
#9 Posted : Thursday, May 26, 2011 3:22:48 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
[quote=mukiha]Latest results are here: http://www.nse.co.ke/new...nnouncements/Uchumi.pdf[/quote]
As at 31 Dec 2010:

PBT = 162m
TAX = 0[zero!!!!!!!!!]
PAT = 162m

Shares = 266million

EPS = 0.61

@VVS requires P/E of about 8, therefore he is willing to consider buying at Sh4.90

BTW, if you buy at 17, the P/E will be 28!!!!! one of the highest, for a company that has been out in the cold for 5 years...hhhmmmm
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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the deal
#10 Posted : Thursday, May 26, 2011 3:27:33 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
MatataMingi wrote:
@deal
I have 3000 shares. I had written them off. So now if they start trading again, I will hold on to them. If they go below 10/=, I will buy more.

Forget these guys who want to buy at 2 to 5 Shs.
I dont think that is going to happen because:

- Major shareholders can't sell for a year. therefore no big volumes on offer.
- Many of the smaller shareholders don't even have CDS`account, and can't start selling straigt away.
- Some like me will look at this as a godsend. Why sell now when you can "maybe" get a better price down the road.

Regards

Anybody u know you know who is willing to Sell?
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