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Uchumi - A value play?
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streetwise
#231 Posted : Thursday, June 23, 2016 12:37:12 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
No.1 . The Kenya Government - Meaning all of us
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ARAP CHARLES
#232 Posted : Thursday, June 23, 2016 12:45:19 PM
Rank: Member

Joined: 5/30/2016
Posts: 217
Location: Talai
OK. 1.2b injection is not viable for this supermarket... they need to change the business change just everything... Uchumi I thing has tried everything.. with this.. it is a Big NO NO FOR ME....
Watch and Listen and Live
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Plimsoul
#233 Posted : Thursday, June 23, 2016 1:23:35 PM
Rank: Member

Joined: 3/3/2016
Posts: 132
streetwise wrote:
No.1 . The Kenya Government - Meaning all of us


LOL.

True, but some people opted to add to that minimum of their own volition.

These are the people we seek. These are the individuals to be counted.
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mkate_nusu
#234 Posted : Thursday, June 23, 2016 8:52:32 PM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Plimsoul wrote:
Out of curiosity, who here still owns Uchumi shares? Mikono juu tafadhali


I still own 60 shares which my broker could not sell
KEGN, KPLC, KQ, SCOM
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Plimsoul
#235 Posted : Thursday, June 23, 2016 9:02:33 PM
Rank: Member

Joined: 3/3/2016
Posts: 132
mkate_nusu wrote:
Plimsoul wrote:
Out of curiosity, who here still owns Uchumi shares? Mikono juu tafadhali


I still own 60 shares which my broker could not sell


Oh, odd lots that remained after selling all don't really count.

Good for you though.

Looks like Wazuans were wise to this one. No shareholders here. That's brilliant.
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Chaka
#236 Posted : Friday, June 24, 2016 2:28:06 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Plimsoul wrote:
Out of curiosity, who here still owns Uchumi shares? Mikono juu tafadhali


Zilch..but how many shares has the CEO acquired since he is so upbeat about that "dead" horse or is it "dying" horse?
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streetwise
#237 Posted : Friday, June 24, 2016 2:38:24 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
I think it’s now a corpse of a horse. The horse died long time ago.

Think about it like a shop in Ushagu whose owner has eaten the capital after selling the goods off. Kwisha.
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ARAP CHARLES
#238 Posted : Friday, June 24, 2016 2:41:10 PM
Rank: Member

Joined: 5/30/2016
Posts: 217
Location: Talai
VERY TRUE
streetwise wrote:
I think it’s now a corpse of a horse. The horse died long time ago.

Think about it like a shop in Ushagu whose owner has eaten the capital after selling the goods off. Kwisha.

Watch and Listen and Live
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obiero
#239 Posted : Friday, June 24, 2016 3:33:02 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,238
Location: nairobi
obiero wrote:
obiero wrote:
enyands wrote:
obiero wrote:
VituVingiSana wrote:
mlennyma wrote:
enyands wrote:
VituVingiSana wrote:
enyands wrote:
VituVingiSana wrote:
Gatheuzi wrote:
Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj?


The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company.



Hope DJ didn't have any hand in this
It would not surprise me. Not at all.


If that's the case let the shafting continue ....

kenyan land cases take ages,si wata collapse?

This can be tied up in court for upto 5 years! Poor Uchumi if they are on the winning side because it means it needs to spend cash to fight the case and cannot sell the property until the case is over.

hence reason it still appears on yasserbigchair stocks to sell


I would sell if I had shares here. This is a time bomb in the making . I feel sorry for the former kws, I guess he should go back to equity

I told you this guy is disruptive. Too quick to act. Simply asking around, would have made him aware that the Langata hyper land was illegally acquired. Heck, he could even have searched wazua!

21.11.2015

On 15.10.2015 I warned all about the imminent doom. On 21.11.2015 a reminder was issued.. the exchange bar never gets it wrong. I sell KCB at 60 and it tanks all the way to KES 35, they call it luck. I offload HF at KES 30 and it falls to KES 19, they call it luck. Now, with KQ and it rises to KES 24, they shall again call it luck?? Binadamu jameni
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  | | Edit by user: Friday, June 24, 2016 3:34 PM | Reason: Not specified
Spikes
#240 Posted : Friday, June 24, 2016 3:48:20 PM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
obiero wrote:
obiero wrote:
obiero wrote:
enyands wrote:
obiero wrote:
VituVingiSana wrote:
mlennyma wrote:
enyands wrote:
VituVingiSana wrote:
enyands wrote:
VituVingiSana wrote:
Gatheuzi wrote:
Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj?


The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company.



Hope DJ didn't have any hand in this
It would not surprise me. Not at all.


If that's the case let the shafting continue ....

kenyan land cases take ages,si wata collapse?

This can be tied up in court for upto 5 years! Poor Uchumi if they are on the winning side because it means it needs to spend cash to fight the case and cannot sell the property until the case is over.

hence reason it still appears on yasserbigchair stocks to sell


I would sell if I had shares here. This is a time bomb in the making . I feel sorry for the former kws, I guess he should go back to equity

I told you this guy is disruptive. Too quick to act. Simply asking around, would have made him aware that the Langata hyper land was illegally acquired. Heck, he could even have searched wazua!

21.11.2015

On 15.10.2015 I warned all about the imminent doom. On 21.11.2015 a reminder was issued.. the exchange bar never gets it wrong. I sell KCB at 60 and it tanks all the way to KES 35, they call it luck. I offload HF at KES 30 and it falls to KES 19, they call it luck. Now, with KQ and it rises to KES 24, they shall again call it luck?? Binadamu jameni



If you are not part of insider job how do you know 24/- high?
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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