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Nakumatt: Another ailing Kenyan company
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kawi254
#141 Posted : Wednesday, April 19, 2017 2:22:45 PM
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Joined: 2/20/2015
Posts: 467
Location: Nairobi
For Blue label products does Nakumatt buy cash? I have observed their blue label coffee is packaged in Poland....
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Iganamagana
#142 Posted : Wednesday, April 19, 2017 2:56:34 PM
Rank: Veteran


Joined: 3/27/2009
Posts: 1,437
sqft wrote:
Gathige wrote:
Iganamagana wrote:
Ericsson wrote:
@Lolest
The suppliers have found better paying customers i.e who will pay earlier than 90 days.
The next demise to Nakumatt will be when shoppers start shunning its branches and go to alternatives


Happening.


Very true. They even lack basic necessities like milk. The in-house bakers have closed shop in some branches.



I stopped shopping there when they stopped stocking my favourite brands of milk, majani chai, sugar etc. They no longer have variety.


Sad. It made me proud as a Kenyan when I found it's presence in far flung places like Kigali, Kampala and Arusha.
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Chaka
#143 Posted : Wednesday, April 19, 2017 2:57:36 PM
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Joined: 2/16/2007
Posts: 2,114
Might Nakumatt be a shareholder in that Vivek thing?

kawi254 wrote:
For Blue label products does Nakumatt buy cash? I have observed their blue label coffee is packaged in Poland....
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Pesa Nane
#144 Posted : Wednesday, April 19, 2017 6:12:35 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Iganamagana wrote:
Ericsson wrote:
@Lolest
The suppliers have found better paying customers i.e who will pay earlier than 90 days.
The next demise to Nakumatt will be when shoppers start shunning its branches and go to alternatives


Happening.


Wololo


Pesa Nane plans to be shilingi when he grows up.
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Spikes
#145 Posted : Wednesday, April 19, 2017 6:20:03 PM
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Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
Pesa Nane wrote:
Iganamagana wrote:
Ericsson wrote:
@Lolest
The suppliers have found better paying customers i.e who will pay earlier than 90 days.
The next demise to Nakumatt will be when shoppers start shunning its branches and go to alternatives


Happening.


Wololo



Nakumatt Nyali I saw similar trend.....A number of shelves empty.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Pesa Nane
#146 Posted : Wednesday, April 19, 2017 6:25:47 PM
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When is the announcement?

Pesa Nane plans to be shilingi when he grows up.
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Chaka
#147 Posted : Wednesday, April 19, 2017 6:45:20 PM
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Joined: 2/16/2007
Posts: 2,114
How is Uchumi faring?Have not been to any branch in a while?
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Flo-ology
#148 Posted : Wednesday, April 19, 2017 9:02:26 PM
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Joined: 12/17/2016
Posts: 225
Chaka wrote:
How is Uchumi faring?Have not been to any branch in a while?


Uchumi relatively better. At least you will get basic items like New KCC milk; which is my favorite. The same has been missing in many Nakumatt shelves.
Reflection Eternal
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uchumi
#149 Posted : Wednesday, April 19, 2017 9:47:43 PM
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Joined: 9/16/2006
Posts: 228
At least they have really improved compared to last year.stock levels have really improved
“I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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KulaRaha
#150 Posted : Thursday, April 20, 2017 10:24:48 AM
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Joined: 7/26/2007
Posts: 6,514
kawi254 wrote:
For Blue label products does Nakumatt buy cash? I have observed their blue label coffee is packaged in Poland....


That's imported by the shareholder's sister...I'm sure she is paid on time everytime.
Business opportunities are like buses,there's always another one coming
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Ericsson
#151 Posted : Thursday, April 20, 2017 11:13:42 AM
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Joined: 12/4/2009
Posts: 10,678
Location: NAIROBI
Someonee to give an insider info on the banks which are exposed to Nakumatt i.e Nakumatt owes them debt.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kawi254
#152 Posted : Thursday, April 20, 2017 12:50:40 PM
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Joined: 2/20/2015
Posts: 467
Location: Nairobi
Ericsson wrote:
Someonee to give an insider info on the banks which are exposed to Nakumatt i.e Nakumatt owes them debt.


Imperial & Chase bank debacle could have locked up their working capital...Nakumatts irrational exuberance expansion could have been funded by Imperial Bank and when the centre couldn't hold things fell apart
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Kausha
#153 Posted : Thursday, April 20, 2017 9:29:22 PM
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Joined: 2/8/2007
Posts: 808
Nakumatt banks at Standard Chartered principally
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Pesa Nane
#154 Posted : Thursday, April 20, 2017 9:42:07 PM
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Joined: 5/25/2012
Posts: 4,105
Location: 08c
Chaka wrote:
How is Uchumi faring?Have not been to any branch in a while?

Pesa Nane plans to be shilingi when he grows up.
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Chaka
#155 Posted : Thursday, April 20, 2017 10:28:58 PM
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Ok,so amazing arrangement=amazing sales?
Pesa Nane wrote:
Chaka wrote:
How is Uchumi faring?Have not been to any branch in a while?
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murchr
#156 Posted : Friday, April 21, 2017 2:31:55 AM
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Joined: 2/26/2012
Posts: 15,980
Chaka wrote:
Ok,so amazing arrangement=amazing sales?

Pesa Nane wrote:
Chaka wrote:
How is Uchumi faring?Have not been to any branch in a while?




Maybe not amazing sales, but that sure is some amazing confidence from suppliers. Seems like Uchumi is finally paying bills.
"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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Bigchick
#157 Posted : Friday, April 21, 2017 4:15:52 AM
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Joined: 2/8/2013
Posts: 4,068
Location: At Large.
Pesa Nane wrote:
When is the announcement?




Nakumatt Embakassi is moving yo the new mall afew meters away from current location.Maybe the reason.....
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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KulaRaha
#158 Posted : Friday, April 21, 2017 7:40:46 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
murchr wrote:
Chaka wrote:
Ok,so amazing arrangement=amazing sales?

Pesa Nane wrote:
Chaka wrote:
How is Uchumi faring?Have not been to any branch in a while?




Maybe not amazing sales, but that sure is some amazing confidence from suppliers. Seems like Uchumi is finally paying bills.


Really? Many suppliers wrote off receivables from Uchumi as a loss in December last year. You really think they would go back and supply after that?

Fiction.
Business opportunities are like buses,there's always another one coming
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Ericsson
#159 Posted : Friday, April 21, 2017 7:57:43 AM
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Joined: 12/4/2009
Posts: 10,678
Location: NAIROBI
KulaRaha wrote:
murchr wrote:
Chaka wrote:
Ok,so amazing arrangement=amazing sales?

Pesa Nane wrote:
Chaka wrote:
How is Uchumi faring?Have not been to any branch in a while?




Maybe not amazing sales, but that sure is some amazing confidence from suppliers. Seems like Uchumi is finally paying bills.


Really? Many suppliers wrote off receivables from Uchumi as a loss in December last year. You really think they would go back and supply after that?

Fiction.


The suppliers are being paid their debt . That's why like someone mentioned new kcc is back supplying milk, coca cola etc.
Uchumi was also given sh.500mn loan by GoK to start clearing arrears owed to suppliers
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#160 Posted : Friday, April 21, 2017 12:48:22 PM
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Joined: 12/4/2009
Posts: 10,678
Location: NAIROBI
Kausha wrote:
Nakumatt banks at Standard Chartered principally


So Stanchart may need to prepare to put a provision of bad debts incase Nakumatt doesn't get a suitor.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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