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sparkly		#11 Posted : Friday, February 26, 2010 6:00:08 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		VituVingiSana wrote: sparkly wrote: sheep wrote: I think its safe to bottom fish CFC and Centum...good things are about to happen. I agree, however centum i cannot buy. I will not do business with CK, personal decision. Amen! Jamaa screwed up Uchumi! If the Suresh Shah jamaa (who remembers him?) was in charge, then Uchumi wud be bigger than Nakumatt is today!!! 5/- dividends were sweet... and this is in the 1990s! @VVS those were the days. I don't think i will ever forgive CK for taking a perfectly good company and doing to what what the politicians did to Mau. Life is short. Live passionately.
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VituVingiSana		#12 Posted : Friday, February 26, 2010 7:48:39 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		sparkly wrote: VituVingiSana wrote: sparkly wrote: sheep wrote: I think its safe to bottom fish CFC and Centum...good things are about to happen. I agree, however centum i cannot buy. I will not do business with CK, personal decision. Amen! Jamaa screwed up Uchumi! If the Suresh Shah jamaa (who remembers him?) was in charge, then Uchumi wud be bigger than Nakumatt is today!!! 5/- dividends were sweet... and this is in the 1990s! @VVS those were the days. I don't think i will ever forgive CK for taking a perfectly good company and doing to what what the politicians did to Mau. Bought Uchumi @16 (IPO) & dividends were v good. Better than savings account unless you went for Treasury Bills. Uchumi high was 60/- (if I am not mistaken) I bailed @45/- after Titus Mugo (Shah's heir) was kicked out. CK destroyed the firm. It cut dividends, then stopped dividends, then did a Rights Issue, then folded up! I bought shares in the Rights Issue (coz CK had left) but I had no idea how bad it was. I heard merali buying in (& selling out) & I bailed again! Another unsavoury chap! LUCK played a huge role for me but I still got stuck with some shares! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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sparkly		#13 Posted : Friday, February 26, 2010 9:05:07 PM
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi		VituVingiSana wrote: sparkly wrote: VituVingiSana wrote: sparkly wrote: sheep wrote: I think its safe to bottom fish CFC and Centum...good things are about to happen. I agree, however centum i cannot buy. I will not do business with CK, personal decision. Amen! Jamaa screwed up Uchumi! If the Suresh Shah jamaa (who remembers him?) was in charge, then Uchumi wud be bigger than Nakumatt is today!!! 5/- dividends were sweet... and this is in the 1990s! @VVS those were the days. I don't think i will ever forgive CK for taking a perfectly good company and doing to what what the politicians did to Mau. Bought Uchumi @16 (IPO) & dividends were v good. Better than savings account unless you went for Treasury Bills. Uchumi high was 60/- (if I am not mistaken) I bailed @45/- after Titus Mugo (Shah's heir) was kicked out. CK destroyed the firm. It cut dividends, then stopped dividends, then did a Rights Issue, then folded up! I bought shares in the Rights Issue (coz CK had left) but I had no idea how bad it was. I heard merali buying in (& selling out) & I bailed again! Another unsavoury chap! LUCK played a huge role for me but I still got stuck with some shares! At around that time i remember my finance lecturer going on about Uchumi being a good example of a company undervalued at IPO and KQ grossly overvalued. Lol how things change! Got in at 33 but was able to recoup some losses by selling a third of my holdings at 22 after exercising the rights. I don't plan to make a loss on the reminder. I will wait 10 years if need be. Life is short. Live passionately.
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RichVee		#14 Posted : Saturday, February 27, 2010 9:25:15 AM
Rank: Member Joined: 1/26/2010 Posts: 124		I always wanted Uchumi, but somehow never got to buy. Something always came up where i needed to put in the money, i guess i was lucky in that regard. But I intend to buy some uchumi once they begin trading again, ofcourse once the price is reasonable.. Tired of mediocrity. Am going to the very top!
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VituVingiSana		#15 Posted : Saturday, February 27, 2010 9:36:47 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,349 Location: Nairobi		@sparkly - Uchumi soared after IPO until kirubi the krook took over... KQ never caught Kenyans' imagination coz very few Kenyans flew in the early 90s & it fell from 11.25 to 7-8 range for years... Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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