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uchumi share price today
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Kenyan Oracle
#111 Posted : Monday, June 06, 2011 2:45:31 PM
Rank: Member

Joined: 5/31/2011
Posts: 262
selah wrote:
You know b4 Uchumi collapsed the auditors gave it a clean bill of health, so now its not a matter of how industry pundits value the chain but how I personally value the chain and I usually use different metrics to do that.
For instance why should I Pay a premium for a stock that I have not seen its FY report for the last Five yrs.

Secondly the reason why Uchumi is operating profitably is because shareholders were asked to pump in some more cash and creditors asked to turn their debts into equity and these guys have only a year b4 they can sell their stakes, so unless am really seeing value for this counter I wont touch it unless its going at a throw away price.


@Selah I second that. Maybe at the bei ya mandazi
You lose money chasing women, but you never lose women chasing money - NAS
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mlennyma
#112 Posted : Monday, June 06, 2011 2:51:35 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Why the caution??..simple,you dont have faith with the company.
"Don't let the fear of losing be greater than the excitement of winning."
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the deal
#113 Posted : Monday, June 06, 2011 2:53:11 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
uhmm @Selah if its Uchumi financial reports you want go to the NSE website...btwn why dont you calculate EPS minus tax credits...but thats how word is going around SELL SELL...
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guru267
#114 Posted : Monday, June 06, 2011 3:08:52 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi

2012 wrote:
guru267 wrote:
Here is my strategy to avoid getting burnt while investing 200k in uchumi and still make gains like I am currently doing...

Ive bought 4000shares @ 11


Patience my dear, with a little patience you would have gotten yourself 28,000 shares at 7/-! Myself, I'll wait for it at the bottom of the slide.
smile


@2012 this stock just might fall to 7 but you cant know for sure... What if it starts a rally back to 15 bob tomorrow ?? Then you'll be crying with cash and 11 would look like a steal...

Bottom picking is not wise with a volatile share like uchumi still finding its footing... Ive heard all sorts of predictions from 28bob to 5bob.... Right now its at 9.9.. Do you know if it will be up or down tomorrow?? Im thinking that cautious consistent buying would be better to take advantage of relief rallies in the share price...
Mark 12:29
Deuteronomy 4:16
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selah
#115 Posted : Monday, June 06, 2011 3:19:12 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
@thedeal Uchumi is like GM in US it was a darling of most investors even though its growth pattern showed some weaknesses it eventually filed for bankruptcy.

Am not saying Uchumi will file for bankruptcy all am saying is I am very cautious when it comes to this counter because I think we have safe undervalued stocks in the market.

Like NBK, Uchumi prospects are determined by govt goodwill which I find a lil bit risky having been burnt by the same govt b4.
'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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2012
#116 Posted : Monday, June 06, 2011 3:22:34 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
guru267 wrote:
@2012 this stock just might fall to 7 but you cant know for sure... What if it starts a rally back to 15 bob tomorrow ?? Then you'll be crying with cash and 11 would look like a steal...


@guru, this is not one of the counters that would make me get sleepless nights or regrets, it would be a purely speculative counter for me even @5/-. I would consider getting in at 7/- and not any higher. To me Uchumi is another Access or Sameer and I'm sure that's what Mr. Merali thought when he got in before the.....

@guru, do you have counters that you would not take seriously?

BBI will solve it :)
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GGK
#117 Posted : Monday, June 06, 2011 3:56:29 PM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
I keep on saying it and I repeat it here. I don't see it going below 5/= but might stagnate @7/= after which some future event will drive it to some dream level.

Keep investing
"..I am because we are. "― Ubuntu, Umtu,
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GGK
#118 Posted : Monday, June 06, 2011 4:02:24 PM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
And by the way....... I understand that Walmart is keen on the Kenyan market after successful entry in South Africa.

May be... may be.. they may buy Uchumi. We never know
"..I am because we are. "― Ubuntu, Umtu,
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mlennyma
#119 Posted : Monday, June 06, 2011 4:09:04 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
A buyout will be the best catalyst.
"Don't let the fear of losing be greater than the excitement of winning."
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guru267
#120 Posted : Monday, June 06, 2011 4:10:08 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
2012 wrote:
[quote=guru267]
@guru, do you have counters that you would not take seriously?


@2012.. I hate access, olympia, eveready, safaricom, sameer, kenya re... These penny stocks sicken mez
Mark 12:29
Deuteronomy 4:16
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