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Uchumi HY 2015 results - firmly in loss territory
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Boris Boyka
#71 Posted : Thursday, September 10, 2015 5:51:28 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
watesh wrote:
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.

Tuskys must have been making huge profits...Several managers made away with millions n millions but their outlets are still stocked. The family wrangles caused the loopholes.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Pesa Nane
#72 Posted : Thursday, October 15, 2015 10:24:44 AM
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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Gatheuzi
#73 Posted : Thursday, October 15, 2015 4:34:15 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Pesa Nane wrote:

Wah! 200M pm for 12 months is equal to 2.4 B in annual support to both Uganda and Tanzania. It is like loosing Gong Rd Hyper in under a year. Happy to see that this has been stopped. But I still wonder if that "support" used to be applied for true business activities.
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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  | | Edit by user: Thursday, October 15, 2015 4:45 PM | Reason: Not specified
watesh
#74 Posted : Friday, October 16, 2015 2:29:42 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
With the cancerous parts cut off, profits are coming soon
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Rollout
#75 Posted : Friday, October 16, 2015 7:42:47 PM
Rank: Member

Joined: 4/26/2011
Posts: 759
Someone need to take Uchumu private and restructure it. Hard to think a retail company like Uchumu can be making losses in a market like Kenya
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murchr
#76 Posted : Friday, October 16, 2015 7:48:21 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Rollout wrote:
Someone need to take Uchumu private and restructure it. Hard to think a retail company like Uchumu can be making losses in a market like Kenya


Its called stealing.

Of Time by employees .. There were so many instances where people would walk in to uchumi and find the attendants not present or idling. Most of the shelves were either under stocked or just pathetic.

Of goods...so many reported cases of employees pilferage
Then add over expansion in UG and TZ....but I trust the new MD
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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enyands
#77 Posted : Friday, October 16, 2015 9:45:53 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
murchr wrote:
Rollout wrote:
Someone need to take Uchumu private and restructure it. Hard to think a retail company like Uchumu can be making losses in a market like Kenya


Its called stealing.

Of Time by employees .. There were so many instances where people would walk in to uchumi and find the attendants not present or idling. Most of the shelves were either under stocked or just pathetic.

Of goods...so many reported cases of employees pilferage
Then add over expansion in UG and TZ....but I trust the new MD


The new MD has a good track history from kws to equity . I believe he has the ways
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VituVingiSana
#78 Posted : Friday, October 16, 2015 10:19:10 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
enyands wrote:
murchr wrote:
Rollout wrote:
Someone need to take Uchumu private and restructure it. Hard to think a retail company like Uchumu can be making losses in a market like Kenya


Its called stealing.

Of Time by employees .. There were so many instances where people would walk in to uchumi and find the attendants not present or idling. Most of the shelves were either under stocked or just pathetic.

Of goods...so many reported cases of employees pilferage
Then add over expansion in UG and TZ....but I trust the new MD


The new MD has a good track history from kws to equity . I believe he has the ways
JM ran Equity before, during and after JK.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Pesa Nane
#79 Posted : Friday, October 23, 2015 10:44:47 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c


Am I allowed to guess that a competitor will purchase the properties and later exploit some loopholes in the leaseback contract to kick uchumi out?
Pesa Nane plans to be shilingi when he grows up.
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  | | Edit by user: Friday, October 23, 2015 11:25 AM | Reason: Not specified
dunkang
#80 Posted : Friday, October 23, 2015 11:07:56 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
Pesa Nane wrote:


Am I allowed to guess that a competitor will purchase the properties and later exploit some loopholes in the buyback contract to kick uchumi out?

Thought the same. Like, what if Naivas or Tuskys buys the property, they can't let out to a competitor, au sivyo?

I think the purpose of that "Buy and Lease Back" statement is just to assure the bidders that there is a ready tenant.
Receive with simplicity everything that happens to you.” ― Rashi

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