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Uchumi CEO Julius Kipngetich
heri
#11 Posted : Wednesday, August 26, 2015 9:39:16 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
KulaRaha wrote:
He will drown with Uchumi. The place is corrupt top to bottom, with some rich men eating there. He has no hope.


who are the major shareholders other than GOK and Jamii Bora? if the top shareholders are keen on growing their investment, he may get the support he needs

I think Uchumi is still a brand name though it has been badly damaged
The optimist
#12 Posted : Wednesday, August 26, 2015 9:50:19 AM
Rank: Member

Joined: 6/14/2010
Posts: 521
Location: Nairobi
I have some confidence in Julius Kipngetich. I hope he turns around this rocky boat.
heri
#13 Posted : Wednesday, August 26, 2015 10:01:46 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
heri wrote:
KulaRaha wrote:
He will drown with Uchumi. The place is corrupt top to bottom, with some rich men eating there. He has no hope.


who are the major shareholders other than GOK and Jamii Bora? if the top shareholders are keen on growing their investment, he may get the support he needs

I think Uchumi is still a brand name though it has been badly damaged




Who has the current shareholding? hard to tell who are the main shareholders from this
heri
#14 Posted : Wednesday, August 26, 2015 10:19:36 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
i imagine they will announce a very big loss with a new CEO to start off from ground zero
watesh
#15 Posted : Wednesday, August 26, 2015 11:36:29 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
As expected, stock prices jumped.....waiting for it to cool down then i can buy something small.
gmg
#16 Posted : Wednesday, August 26, 2015 11:50:03 AM
Rank: Member

Joined: 3/17/2009
Posts: 201
all this positive change have been brought about by the entry of Jamii bora as the largest shareholder holding 15%. Jamii bora has no option other a long term investment strategy 5-10 years to reap their benefits.
Aguytrying
#17 Posted : Wednesday, August 26, 2015 12:06:29 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
gmg wrote:
all this positive change have been brought about by the entry of Jamii bora as the largest shareholder holding 15%. Jamii bora has no option other a long term investment strategy 5-10 years to reap their benefits.


When GK was no longer the shareholder. suddenly i saw hope for this company. And true to the word, we have seen attempts to recover. eg fired ciano, closed some branches, paying off debts. new promising ceo. Its not rocket science. so you wonder why KQ needs committe meetings to discover what went wrong and what to dod'oh!

This is the difference ladies and gentlemen between a good stock and a bad one d'oh!
The investor's chief problem - and even his worst enemy - is likely to be himself
Ericsson
#18 Posted : Wednesday, August 26, 2015 1:33:29 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,809
Location: NAIROBI
Give credit to Jamii Bora who invested in the company via the rights issue in December and would not sit down and seen their invested just go like that in less than year.
This is what is needed in KQ and Mumias.

@heri;
The shareholder list is quite outdated;Jamii Bora are the top shareholders followed by GOK
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
yekeyeke
#19 Posted : Thursday, August 27, 2015 11:33:24 AM
Rank: Member

Joined: 6/4/2008
Posts: 345
For latest list of Uchumi Shareholders see below link...

https://en.wikipedia.org/wiki/Uchumi_Supermarkets
heri
#20 Posted : Thursday, August 27, 2015 11:44:08 AM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
[quote=yekeyeke]For latest list of Uchumi Shareholders see below link...

https://en.wikipedia.org/wiki/Uchumi_Supermarkets[/quote]

Thanks so much for sharing. i didn't know i can get such info from wikipedia. I have learnt something useful today
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