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Uchumi HY 2015 results - firmly in loss territory
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streetwise
#61 Posted : Monday, June 15, 2015 8:58:29 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
So pesa
yetu ilikulwo hivyo tu ¿¿¿¿¿
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innairobi
#62 Posted : Tuesday, June 16, 2015 3:52:01 AM
Rank: Member

Joined: 9/2/2010
Posts: 845
mlennyma wrote:
wazuaguest wrote:
Sometimes back I met him at Naivasha in the company of a colleague (a very fly mama)who is married and he was 'spoiling'her.

on a soft note,this is his private life unless you are a complainant complaining at the wrong place.


hakuna mambo na private life if you are running a public company. nothing is beyond interrogation
All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Gatheuzi
#63 Posted : Tuesday, June 16, 2015 7:02:53 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Gatheuzi wrote:
Seeking financial assistance was expected. I don't envy KQ CFO for now. Given that government shareholding is below 30%, and in my view KQ will not be able to repay that debt, options that remain will be conversion of government debt to equity at a later date and in the process allow the government to be the majority shareholder. I wonder what plans KLM has.

Talking of gvt bailouts CS treasury should also set aside cash for Mumias and possibly Uchumi??? Welcome to 2015, the year of bailouts.




Management has ruled out a bailout because for now thet have non- core assets expected to be sold for Kes2B. Let's see how long they can go with this asset sale business. My earlier prediction of a bailout still stands.

BD wrote:
The board ruled out a possible government bailout or the sale of the company to a competitor, insisting that the company could still be salvaged.

read more here
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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VituVingiSana
#64 Posted : Tuesday, June 16, 2015 10:52:58 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
innairobi wrote:
mlennyma wrote:
wazuaguest wrote:
Sometimes back I met him at Naivasha in the company of a colleague (a very fly mama)who is married and he was 'spoiling'her.

on a soft note,this is his private life unless you are a complainant complaining at the wrong place.


hakuna mambo na private life if you are running a public company. nothing is beyond interrogation
As long as he wasn't doing so on company time using company assets...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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MaichBlack
#65 Posted : Tuesday, June 16, 2015 12:29:02 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,843
mlennyma wrote:
wazuaguest wrote:
Sometimes back I met him at Naivasha in the company of a colleague (a very fly mama)who is married and he was 'spoiling'her.

on a soft note,this is his private life unless you are a complainant complaining at the wrong place.

It is only in Kenya/Africa that we take these things lightly and label them "private matters". Maybe it is because many people including raia behave the same way mpaka it is perceived to be normal! In the west, they ask themselves a simple question: If you cannot be true to your wife and kids, how can you be true to me as a shareholder/constituent/client etc. And that is a very valid question. Anyone who can betray his family can betray you in a heart beat!!!

Many a C.E.O./Politicians have lost their jobs because of this! In Kenya we lowered the bar too low till finally we did away with the bar!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Pesa Nane
#66 Posted : Thursday, September 03, 2015 7:49:46 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
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Gordon Gekko
#67 Posted : Sunday, September 06, 2015 9:34:40 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Uchumi Sarit, its best performing outlet kwisa

http://mobile.businessda.../-/146ng18z/-/index.html
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instinct
#68 Posted : Wednesday, September 09, 2015 7:18:11 AM
Rank: Member

Joined: 8/17/2007
Posts: 294
This will become a concern in 2017..not now..
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heri
#69 Posted : Thursday, September 10, 2015 9:16:19 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
It would be interesting to know how supermarkets which are not quoted at the NSE perform. what kind of profits do NAIVAS, Nakumatt, Tuskys generate .

Ofcourse we see them opening many branches but it would be insightful if it was possible to see their financials
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watesh
#70 Posted : Thursday, September 10, 2015 2:28:07 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
heri wrote:
It would be interesting to know how supermarkets which are not quoted at the NSE perform. what kind of profits do NAIVAS, Nakumatt, Tuskys generate .

Ofcourse we see them opening many branches but it would be insightful if it was possible to see their financials

Nakumatt has the highest revenues, Tuskys suffering from management problems by owners....but I WOULD REALLY REALLY REALLY like to get my hands on Nakumatt shares.
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