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uchumi share price today
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hello
#131 Posted : Tuesday, June 07, 2011 11:14:02 AM
Rank: Member

Joined: 6/11/2008
Posts: 257
mlennyma wrote:
Offcourse below 10bob there will be some demand becoz everybody is a looser but above 11 will meet alot of resistance...it will eventually break going down to 6



It will go down to 6 or below and will remain same for couple of months.


People want to cash in their money (old dead balance)they can really spoil the market.
I want to be a millionaire.
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youcan'tstopusnow
#132 Posted : Tuesday, June 07, 2011 11:24:30 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hello wrote:
mlennyma wrote:
Offcourse below 10bob there will be some demand becoz everybody is a looser but above 11 will meet alot of resistance...it will eventually break going down to 6



It will go down to 6 or below and will remain same for couple of months.


People want to cash in their money (old dead balance)they can really spoil the market.

hello, I'm thinking they can really give great opportunities for the hawk-eyed investorssmile
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#133 Posted : Tuesday, June 07, 2011 11:31:17 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
STORM IS OVER?
GOD BLESS YOUR LIFE
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mkonomtupu
#134 Posted : Tuesday, June 07, 2011 12:23:32 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
I am now done with my purchases of Uchumi average buy price 10.181 minimum holding period 5 years. Thank you former uchumi shareholders it's been a pleasure doing business with you.

Now let me wait and see if GoK will sell its stake or behave like the Zim government and stop the South African supermarket giant, Pick 'n Pay Stores Ltd, march north
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mwanahisa
#135 Posted : Tuesday, June 07, 2011 12:42:25 PM
Rank: Elder

Joined: 6/2/2008
Posts: 1,438
10 bob looks like a fair price considering this is the price for the conversion of debentures. NAV at 31.12.10 was Kshs 6.41 (after adjusting for the new shares). The projected EPS of Kshs 0.92 (as per the abridged circular to shareholders published in th DN on May 28) is rather disappointing. To be fair, it does have an element of taxation as compared to the previous years' results.
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mlennyma
#136 Posted : Tuesday, June 07, 2011 1:25:04 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
@mkonomtupu...Pray that all news coming from this counter for the 5yrs will be +ve because any small negativity will leave you seriously bleeding.
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#137 Posted : Tuesday, June 07, 2011 1:38:15 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
selah wrote:
earthvoice wrote:

Johnson Nderi, an analyst at Suntra Investment Bank, said the selloffs saw the prices reach to lows that are beginning to attract demand, which is seen as a sign that the market has found a bottom price for the share.

http://www.businessdaily.../-/6707pfz/-/index.html


The analyst says Uchumi valuation is difficult since its the only retailer in the bourse.Thats why sometime I dont listen to these analyst how do they value KQ then or EABL?

Or Unga, HFCK (vs universal banks), Centum, Rea (sisal), Crown Berger, etc!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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mkonomtupu
#138 Posted : Tuesday, June 07, 2011 2:11:04 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
mlennyma wrote:
@mkonomtupu...Pray that all news coming from this counter for the 5yrs will be +ve because any small negativity will leave you seriously bleeding.


am optimistic especially about uganda and it's oil reserves i think that's the future of retail sector just look at Ghana things are looking bright. I have limited uchumi to 22% of total portfolio so any negativity will be limited.

I'm more worried if Uhuru imposes the capital gains tax on thursday
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mlennyma
#139 Posted : Tuesday, June 07, 2011 3:32:55 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
After killing communication sector revenues,what else do u expect?
"Don't let the fear of losing be greater than the excitement of winning."
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Cde Monomotapa
#140 Posted : Tuesday, June 07, 2011 4:16:47 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
mkonomtupu wrote:
I am now done with my purchases of Uchumi average buy price 10.181 minimum holding period 5 years. Thank you former uchumi shareholders it's been a pleasure doing business with you.

Now let me wait and see if GoK will sell its stake or behave like the Zim government and stop the South African supermarket giant, Pick 'n Pay Stores Ltd, march north

=> I see U man. I follow closely @ 10.25. Btw that Pick n' Pay deal affects us @ Meikles, TM Supermarkets. That is a USD 13M injection we are expecting in exchange for a further 24% to bump up their stake in TM to 49%. Btw Google a retailer called OK Zimbabwe. they just released their full yr results. Uthapenda! Power of retail!
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  | | Edit by user: Tuesday, June 07, 2011 4:26 PM | Reason: Not specified
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