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Uchumi FY16 loss Ksh 2.8Bn
Pesa Nane
#1 Posted : Tuesday, January 31, 2017 10:28:51 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
After much delay... Sad
Pesa Nane plans to be shilingi when he grows up.
mlennyma
#2 Posted : Tuesday, January 31, 2017 10:31:55 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
Pesa Nane wrote:
After much delay... Sad

If sound companies are struggling in this harsh economy, will this crap survive? ?
"Don't let the fear of losing be greater than the excitement of winning."
Pesa Nane
#3 Posted : Tuesday, January 31, 2017 10:32:38 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
and some drama to boot...
Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#4 Posted : Tuesday, January 31, 2017 10:42:17 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Laughing out loudly Laughing out loudly Just seen a 90,000 shares bid at Ksh. 1 flat.

#vulturesparadise
Pesa Nane plans to be shilingi when he grows up.
Spikes
#5 Posted : Tuesday, January 31, 2017 11:15:48 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Pesa Nane wrote:
and some drama to boot...



Lack of evidence from subsidiaries' financial statements and opening balances of property and equipments raises red flag.....
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
muandiwambeu
#6 Posted : Tuesday, January 31, 2017 11:16:10 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Pesa Nane wrote:
and some drama to boot...

I have been visiting this dead cat for last respects for the last six months to sniff the slightest sign of improvement. The empty shelves gave me nothing to write home about. Balls of steel will sitachomeka hapa. So, how much of the Goks injected cents have been burnt here,
These fellas should leases those empty halls to chamas to holding meetings there, or borrow a leaf from ngunzes strategy. Hapa ni kugumu kama mawe.Sad Sad Sad Sad
,Behold, a sower went forth to sow;....
VituVingiSana
#7 Posted : Tuesday, January 31, 2017 11:33:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Bandia firm - not on my list of Investable firms/shares.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Yowel
#8 Posted : Tuesday, January 31, 2017 11:38:52 AM
Rank: New-farer

Joined: 10/14/2016
Posts: 25
Location: Nairobi
mlennyma wrote:
Pesa Nane wrote:
After much delay... Sad

If sound companies are struggling in this harsh economy, will this crap survive? ?


Its amazing how sales can dip by 50% and operating expenses reduceby 31%, and direct costs up 2%.

Further, those fixed assets weren't they that started all this free fall for this company? after all these years even before Kiano, they have never been sorted?
Gatheuzi
#9 Posted : Wednesday, February 01, 2017 9:04:04 AM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
It is indeed the first qualified audit opinion I am reading... very interesting.
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.
chiaroscuro
#10 Posted : Wednesday, February 01, 2017 9:11:31 AM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
It isn't right that people are making money exchanging worthless pieces of stock. But I guess that's life!
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