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2012
#11 Posted : Friday, January 29, 2010 4:39:40 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
vvs. Who will buy?
If they retain Ciano as CEO I'll buy. It makes sense for the disgruntled Uchumi share holders to bail out as soon but they say every challenge is an opportunity. I think Uchumi is a gold mine for a serious long term investor especially with the confusion and financial challenges facing Nakumatt.

BBI will solve it :)
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VituVingiSana
#12 Posted : Friday, January 29, 2010 6:05:45 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Is the 500mn projected for 2010-11 PAT or PBT?

In 2008-9, there was a 250mn tax credit (as part of the 420mn PAT) so the 'real' performance was not as good.

Well, an investor who is willing to buy a longer-term stake in Uchumi may be interested. Uchumi will need to raise more cash (debt or equity) to improve the stores, expand & increase the range of merchandise offered.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#13 Posted : Monday, February 01, 2010 5:22:27 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
i do think this stocks price can go much lower than where it is since all those fatigued investors will try to get out after being trapped there for so long... i think i'll take a wait and see approach with tis one
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#14 Posted : Monday, February 01, 2010 8:18:38 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@guru - The 14/- shown is 'fake' coz it was the last traded price before the crap hit the fan...

There are a lot of holes here... lakini for a strategic investor it makes sense to sweep them up cheap...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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guru267
#15 Posted : Monday, February 01, 2010 8:22:10 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
@VVS so what do you think is a cheap price when it comes back cos i dont have any info on this counter?
Mark 12:29
Deuteronomy 4:16
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VituVingiSana
#16 Posted : Monday, February 01, 2010 9:19:46 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
@guru - I have no idea what constitutes 'cheap' for Uchumi.
Do you have the latest results?

You could use PE... but the shares may be increased... so account for the dilution...

When I say 'cheap' by a strategic investor... it means they would do additional due diligence... thus have a better idea than we do...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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yekeyeke
#17 Posted : Monday, February 01, 2010 12:56:35 PM
Rank: Member

Joined: 6/4/2008
Posts: 345
The conversion of debt to equity has been done at KES 10 a share. Deloitte valued the shares at KES 12 but the conversion process opted for KES 10 to give the people a KES 2 head start. It can thus be assumed that almost all investors will not accept to sell below KES 10, unless they are the type who did not feel the pain of waiting for close to 4 years. If anyone sell at below ten then it will only be too sad.
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VituVingiSana
#18 Posted : Monday, February 01, 2010 1:26:44 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,349
Location: Nairobi
Asante... I expect many will sell at 10 or below 10...
10/- in hand is worth 20/- in the future...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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2012
#19 Posted : Monday, February 01, 2010 1:46:08 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I'll wait for Uchumi at between 5/- and 6.40/- I'm sure there are many disgruntled, dejected, unforgiving investors just waiting to dump it.

BBI will solve it :)
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mukiha
#20 Posted : Monday, February 01, 2010 2:30:12 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
They are not desperate to sell. They had not taken loans like their SCOM friends.

There will probably be a shortage of supply. So may be, just may be, we might be looking at another "Carbacid" return...
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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