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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Lolest! wrote:Impunity wrote:Bigchick wrote:Gatheuzi wrote:If Uchumi had financial muscles it could have used this God sent opportunity to recoup its lost market share. Too bad that they too are in ICU. But not to worry all yo middle class, someone will fill the gap that will be left once Nakumatt gets burried (maybe Chadarana or some international outfit). Local supermarkets will also gain from the spoils aka Tuskys, Naivas etc. So in short we need not cry over their mismgt. Tuskys and Naivas are also donning empty shelves.The 24 hour outlets stopped and now close at 10.30am. Only the Maguna Andus and other smaller supermarket will gain and survive this meltdown.Their size working for them. Kamindi supermarket too will survive.  Na pia Mulleys, Cleanshelf, Jacmil Hii hapo cannot thrive in Kibera and Kisumu Citeh...how do you expect the residents to pronounce the name? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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TZ sold, and they become minority. They better prepare to become minority in Kenya too, no fool will buy 25% of your company and watch you keep fleecing it. http://kenyanwallstreet....anzania-sells-51pc-stakeBusiness opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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[quote=KulaRaha]TZ sold, and they become minority. They better prepare to become minority in Kenya too, no fool will buy 25% of your company and watch you keep fleecing it. http://kenyanwallstreet....nzania-sells-51pc-stake[/quote] These guys are making Tuskys to look much better well managed....as a big fan of their business model am so disappointed
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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watesh wrote:[quote=KulaRaha]TZ sold, and they become minority. They better prepare to become minority in Kenya too, no fool will buy 25% of your company and watch you keep fleecing it. http://kenyanwallstreet....nzania-sells-51pc-stake[/quote] These guys are making Tuskys to look much better well managed....as a big fan of their business model am so disappointed Quote:Nakumatt Tanzania has sold a 51 per cent stake at an undisclosed value to a company known as Ascent Investment Limited Is this David Owino's Fund? Life is short. Live passionately.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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watesh wrote:[quote=KulaRaha]TZ sold, and they become minority. They better prepare to become minority in Kenya too, no fool will buy 25% of your company and watch you keep fleecing it. http://kenyanwallstreet....nzania-sells-51pc-stake[/quote] These guys are making Tuskys to look much better well managed....as a big fan of their business model am so disappointed You arent alone... possunt quia posse videntur
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Forward ever with or without Nakumatt Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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Pesa Nane wrote:Forward ever with or without Nakumatt
What kind of offers are these people had to line up for??? Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Member Joined: 8/15/2015 Posts: 817
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nakumatt an ailing company and they havent even paid their taxes. woi.this kenyan market is ruthless
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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Cornelius Vanderbilt wrote:nakumatt an ailing company and they havent even paid their taxes. woi.this kenyan market is ruthless If I remember very well about 8 years ago Njiraiini boys went calling to nakumatt claiming they owed them taxes running into billions of kshs. The details of the plan that they struck out on paying are not known. I think what we are witnessing now, like someone said, is an escape route to avoid KRA's door knocks for the hundreds if not billions of taxes that still remains unpaid. I can guarantee you one thing for sure...that the money is being siphoned out of the country into offshore accounts. Some forensic audits needs to be done on nakumatts local bank accounts of the nakumatt owners and the company. ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Mwau exits Nakumatt with sale of 7.7pc stake"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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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MaichBlack wrote:Pesa Nane wrote:Forward ever with or without Nakumatt
What kind of offers are these people had to line up for??? They just went in to see and take pictures/Selfies to post on FB "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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Rank: Elder Joined: 10/3/2008 Posts: 4,057 Location: Gwitu
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Pesa Nane wrote:Forward ever with or without Nakumatt
Tuskys also owe suppliers billions. Even Coca-Cola had threatened to stop supplying sodas. Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Kaigangio wrote:Cornelius Vanderbilt wrote:nakumatt an ailing company and they havent even paid their taxes. woi.this kenyan market is ruthless If I remember very well about 8 years ago Njiraiini boys went calling to nakumatt claiming they owed them taxes running into billions of kshs. The details of the plan that they struck out on paying are not known. I think what we are witnessing now, like someone said, is an escape route to avoid KRA's door knocks for the hundreds if not billions of taxes that still remains unpaid. I can guarantee you one thing for sure...that the money is being siphoned out of the country into offshore accounts. Some forensic audits needs to be done on nakumatts local bank accounts of the nakumatt owners and the company. Likely! Ati expansion!!
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Things are THICK! @Mwau exits! Rink Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/22/2009 Posts: 7,452
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kaka2za wrote:Pesa Nane wrote:Forward ever with or without Nakumatt
Tuskys also owe suppliers billions. Even Coca-Cola had threatened to stop supplying sodas. Coca Cola hawataki ujinga!!! They have cut supplies to Uchumi! Seems most retailers (Supermarkets) are having problems! What are the underlying issues. Someone needs to do a study of the retail market in Kenya. MBA students in the house, kazi kwenu. This might even be worth a PhD - if you can access the proper data that is. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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MaichBlack wrote:kaka2za wrote:Pesa Nane wrote:Forward ever with or without Nakumatt
Tuskys also owe suppliers billions. Even Coca-Cola had threatened to stop supplying sodas. Coca Cola hawataki ujinga!!! They have cut supplies to Uchumi! Seems most retailers (Supermarkets) are having problems! What are the underlying issues. Someone needs to do a study of the retail market in Kenya. MBA students in the house, kazi kwenu. This might even be worth a PhD - if you can access the proper data that is. Our economy is in shambles.. No research needed
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,501 Location: nairobi
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Impunity wrote:Lolest! wrote:Impunity wrote:Bigchick wrote:Gatheuzi wrote:If Uchumi had financial muscles it could have used this God sent opportunity to recoup its lost market share. Too bad that they too are in ICU. But not to worry all yo middle class, someone will fill the gap that will be left once Nakumatt gets burried (maybe Chadarana or some international outfit). Local supermarkets will also gain from the spoils aka Tuskys, Naivas etc. So in short we need not cry over their mismgt. Tuskys and Naivas are also donning empty shelves.The 24 hour outlets stopped and now close at 10.30am. Only the Maguna Andus and other smaller supermarket will gain and survive this meltdown.Their size working for them. Kamindi supermarket too will survive. Na pia Mulleys, Cleanshelf, Jacmil Hii hapo cannot thrive in Kibera and Kisumu Citeh...how do you expect the residents to pronounce the name? They actually have a store in Kibera - Otiende and it's been there for years
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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obiero wrote:MaichBlack wrote:kaka2za wrote:Pesa Nane wrote:Forward ever with or without Nakumatt
Tuskys also owe suppliers billions. Even Coca-Cola had threatened to stop supplying sodas. Coca Cola hawataki ujinga!!! They have cut supplies to Uchumi! Seems most retailers (Supermarkets) are having problems! What are the underlying issues. Someone needs to do a study of the retail market in Kenya. MBA students in the house, kazi kwenu. This might even be worth a PhD - if you can access the proper data that is. Our economy is in shambles.. No research needed I think it has more to do with governance and management challenges. Remember most of these started as small shops in Nakuru. Over time they have grown and founder owners died. With succession in play, the incoming new owners might not have the patience to study implications of expansion and most importantly how to manage cashflows (not just calling in and taking cash for personal reasons but rather devising a dividend payment policy). 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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Rank: Member Joined: 9/3/2015 Posts: 118 Location: Nairobi
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Gatheuzi wrote:obiero wrote:MaichBlack wrote:kaka2za wrote:Pesa Nane wrote:Forward ever with or without Nakumatt
Tuskys also owe suppliers billions. Even Coca-Cola had threatened to stop supplying sodas. Coca Cola hawataki ujinga!!! They have cut supplies to Uchumi! Seems most retailers (Supermarkets) are having problems! What are the underlying issues. Someone needs to do a study of the retail market in Kenya. MBA students in the house, kazi kwenu. This might even be worth a PhD - if you can access the proper data that is. Our economy is in shambles.. No research needed I think it has more to do with governance and management challenges. Remember most of these started as small shops in Nakuru. Over time they have grown and founder owners died. With succession in play, the incoming new owners might not have the patience to study implications of expansion and most importantly how to manage cashflows (not just calling in and taking cash for personal reasons but rather devising a dividend payment policy). Methinks that also with them going blue label brand has held up their monies...so that by them saying they are well oiled,they are also counting the stock held as blue label while before,they did not hold any stock because suppliers owned everything while nakumatt would just sell. I would really like to see the paperwork that brought blue label into being. So basically they followed the line of business that got uchumi on its knees,and they are now feeling the pinch left,right and center.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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obiero wrote:MaichBlack wrote:kaka2za wrote:Pesa Nane wrote:Forward ever with or without Nakumatt
Tuskys also owe suppliers billions. Even Coca-Cola had threatened to stop supplying sodas. Coca Cola hawataki ujinga!!! They have cut supplies to Uchumi! Seems most retailers (Supermarkets) are having problems! What are the underlying issues. Someone needs to do a study of the retail market in Kenya. MBA students in the house, kazi kwenu. This might even be worth a PhD - if you can access the proper data that is. Our economy is in shambles.. No research needed  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Nakumatt: Another ailing Kenyan company
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