Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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VituVingiSana wrote:whiteowl wrote:mawinder wrote:watesh wrote:Nakumatt expanding in Western Kenya through an acquisition http://www.businessdaily...0/-/m9qt35/-/index.html
Meanwhile, we are still waiting for that NSE listing since Uchumi has lost most of its goodwill. I did a small experiment at 11am on a Friday. Went to the Uchumi in the CBD Aga Khan walk, inside its basically a ghost town. Proceeded to Nakumatt Moi Avenue afterwards, frenzy of activity inside. High activity actually. NAKUMATT will never list as this will make it open to scrutiny. I am sure it is not that "profitable" if you check with KRA. There is also the issue of Charterhouse bank and it being a conduit of money laundering. I concur, they're too shady to go public. Why are folks chasing after firms that are not investable vs looking for firms one can invest in? If they are not profitable then all supermarkets in this country are not good business. As long as Nakumatt is number with expanding goodwill, increasing number of stores, appealing to all sections of the population and does great business outside Kenya, I will desire to own part of it. I dont see many companies expand as fast as this one. On the KRA thing, there are so many ways to reduce your taxable amounts, no company wants to pay a lot of taxes.
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