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Nakumatt IPO in 6-12 months.
watesh
#21 Posted : Sunday, October 11, 2015 9:59:58 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 950
Location: Kenya
Chaka 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.

I hope that activity was not buying bread and milk?

Bread and milk is most bought in the evening. This is mid morning time and from my observations all sections had somebody
watesh
#22 Posted : Sunday, October 11, 2015 10:07:26 AM
Rank: Veteran


Joined: 8/10/2014
Posts: 950
Location: Kenya
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.
doubletap
#23 Posted : Tuesday, April 12, 2016 6:54:55 PM
Rank: Member


Joined: 7/17/2014
Posts: 132
Location: Wherethewindblows
Old thread, quick question, who owns Nakumatt? came across this and one Haron Mwau was named as part owner here
You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
muganda
#24 Posted : Thursday, October 27, 2016 8:00:59 PM
Rank: Elder


Joined: 9/15/2006
Posts: 3,901
Clearly, the time to raise money is when you do not need it desperately


enyands
#25 Posted : Thursday, October 27, 2016 8:23:03 PM
Rank: Elder


Joined: 12/25/2014
Posts: 2,300
Location: kenya
muganda wrote:
Clearly, the time to raise money is when you do not need it desperately





OK gentlemen, load up,IPO is being launched soon to transfer the burden to poor wanjiku.
Angelica _ann
#26 Posted : Thursday, October 27, 2016 8:44:59 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,901
enyands wrote:
muganda wrote:
Clearly, the time to raise money is when you do not need it desperately





OK gentlemen, load up,IPO is being launched soon to transfer the burden to poor wanjiku.

Wanjiko siku hizi ameshanuka smile
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
maka
#27 Posted : Thursday, October 27, 2016 9:26:41 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Delmonte will be taking them to court sometime next week....unpaid supplies.
possunt quia posse videntur
watesh
#28 Posted : Thursday, October 27, 2016 10:02:40 PM
Rank: Veteran


Joined: 8/10/2014
Posts: 950
Location: Kenya
muganda wrote:
Clearly, the time to raise money is when you do not need it desperately



They refused to IPO during the bull market.
streetwise
#29 Posted : Thursday, October 27, 2016 10:15:26 PM
Rank: Veteran


Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Nikubayaaaaa...unchumi style
Ericsson
#30 Posted : Thursday, October 27, 2016 10:55:43 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
http://www.capitalfm.co....-its-doors-in-eastlands/
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
shocks
#31 Posted : Friday, October 28, 2016 1:33:31 AM
Rank: Member


Joined: 3/15/2009
Posts: 359
Is the company paying staff salaries on time, this is one busines where usipowalipa they can easily pay themselves
murchr
#32 Posted : Friday, October 28, 2016 3:55:48 AM
Rank: Elder


Joined: 2/26/2012
Posts: 15,979
Setting up in almost all malls in every corner is not such a wise idea. Too many retail outlets (Naivas, Tuskys, Uchumi, Nakumatt, Mulleys, na wengine) serious segmentation is needed.
"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
.
VituVingiSana
#33 Posted : Friday, October 28, 2016 5:23:03 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,038
Location: Nairobi
It's highly unlikely Nakumatt will do an IPO in this market, in its current state and under such negative news/circumstances. Let them clean up their books first. It makes more sense to get a "significant" investor who can ride the roller-coaster for a few years as well as provide financing.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
littledove
#34 Posted : Friday, October 28, 2016 8:33:58 AM
Rank: Member


Joined: 7/1/2014
Posts: 895
Location: sky
http://www.businessdailyafrica.com/Supermarkets-in-turmoil-as-heavy-debt-load-weighs/539552-3432754-juj5h4z/index.html
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
Ericsson
#35 Posted : Friday, October 28, 2016 8:38:41 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,626
Location: NAIROBI
Nakumatt to sell 25% to strategic investor
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
iris
#36 Posted : Friday, October 28, 2016 9:32:44 AM
Rank: Member


Joined: 9/11/2014
Posts: 228
Location: Nairobi
Ericsson wrote:
http://www.capitalfm.co.ke/business/2014/10/nakumatt-mashujaa-opens-its-doors-in-eastlands/


@Ericsson, the article is from 2014 d'oh!
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