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Uchumi not out of the Woods Yet?
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the deal
#1 Posted : Saturday, July 30, 2011 5:03:58 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Apparently Uchumi is involved in land squables...the two plots on Thika road are valued at Sh580M and are part of Uchumi's Sh2.7B assets http://mobile.dudamobile...p%3FcontentId%3D418#2122
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  | | Edit by user: Saturday, July 30, 2011 5:06 PM | Reason: Not specified
youcan'tstopusnow
#2 Posted : Saturday, July 30, 2011 5:20:07 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Good thing you sold smile
GOD BLESS YOUR LIFE
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VituVingiSana
#3 Posted : Saturday, July 30, 2011 7:06:33 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
The Operating Business is doing OK but the Balance Sheet needs cleaning up.

For the disputed piece, the land should NOT be considered as part of the assets until the Title Deeds are in hand!

Why doesn't Ciano use his influence to have the Lands Ministry act on this matter?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Cde Monomotapa
#4 Posted : Saturday, July 30, 2011 10:40:41 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
I think Uchumi balance sheet is fine with the conversion of debt to equity and hence they have +ve reserves. The rest of the debt on the BS has a fair payment deal. My concerns lie on the trading front. Looking forward to Full Year.
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young
#5 Posted : Sunday, July 31, 2011 3:44:11 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria
Best of luck to Uchumi shareholders.
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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the deal
#6 Posted : Sunday, July 31, 2011 3:56:03 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
At below 10 bob its worth my money and sweat.
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Sober
#7 Posted : Sunday, July 31, 2011 9:47:21 PM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
The re-listing of uchumi is proving to be ill adviced, not because of what was prevailing but what is happening after it resumed trading. Am seeing the current bear suppress it to the 8bob levels. Those who bought debenture shares at 5bob are the safest when it comes to this counter.
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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ali
#8 Posted : Monday, August 01, 2011 2:08:40 AM
Rank: Veteran

Joined: 6/11/2008
Posts: 892
I think uchumi will live and not die. On stock mkt, i no longer do stocks....i am nt the best to advice/comment
For in him (Jesus) we live and move and have our being-Acts 17:28
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Cde Monomotapa
#9 Posted : Monday, August 01, 2011 6:16:26 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
ali wrote:
I think Uchumi will live and not die.

Keep shopping!!
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Barrywhite
#10 Posted : Monday, August 01, 2011 9:48:32 AM
Rank: Member

Joined: 12/2/2009
Posts: 286
Location: Nairobi
I also think the worst is behind Uchumi. It was never going to be a ride in the park, but their toughest challenges are behind them. Whereas it will take time, when the current inflation is contained and disposal incomes rise, l see Uchumi getting momentum out of that.
The laudable is more often than not rendered laughable by overclaim
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