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Uchumi 2016/17 HY loss 547.3m
winston
#21 Posted : Wednesday, July 12, 2017 4:13:10 PM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
Just wondering whether there are not giving an injection to a dead horse. Am not sure Uchumi branches are strategically located (geographically) for current crop of consumers...And for those that are ...there is cheaper/fuller competition right next door. Consumers have spilled out of central areas into peri-urban areas (areas surrounding towns)---there is minimal presence of uchumi there (if any). Neither is Uchumi likely to survive the current margin pressures brought by wholesalers in retail business, online shopping, sprouting of many estate mini-supermarkets. Further its likely to be given shorter credit period by its supplier and yet suffer from longer sale periods. Maybe am just seeing a glass half empty....
Pesa Nane
#22 Posted : Wednesday, July 12, 2017 4:59:05 PM
Rank: Elder


Joined: 5/25/2012
Posts: 3,411
Location: 08c
Hot air. Very hot air.

Pesa Nane plans to be shilingi when he grows up.
maka
#23 Posted : Wednesday, July 12, 2017 5:04:45 PM
Rank: Elder


Joined: 4/22/2010
Posts: 10,212
Location: Nairobi
Pesa Nane wrote:
Hot air. Very hot air.




KBC....Smh
possunt quia posse videntur
maka
#24 Posted : Wednesday, July 12, 2017 5:07:09 PM
Rank: Elder


Joined: 4/22/2010
Posts: 10,212
Location: Nairobi
maka wrote:
Pesa Nane wrote:
Hot air. Very hot air.




KBC....Smh


https://youtu.be/JFopwyLJ6Us
possunt quia posse videntur
littledove
#25 Posted : Friday, July 21, 2017 2:25:57 PM
Rank: Member


Joined: 7/1/2014
Posts: 555
Location: sky
http://www.nation.co.ke/business/State-plans-Uchumi-retailers-recovery/996-4023352-1097ir7/index.html “We are not planning to stay for so long as shareholders of Uchumi, so once it stabilises then we will move on to something else and let it grow on its own.
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
winston
#26 Posted : Sunday, July 23, 2017 6:36:26 PM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
littledove wrote:
http://www.nation.co.ke/business/State-plans-Uchumi-retailers-recovery/996-4023352-1097ir7/index.html “We are not planning to stay for so long as shareholders of Uchumi, so once it stabilises then we will move on to something else and let it grow on its own.


Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing!
sparkly
#27 Posted : Monday, July 24, 2017 8:33:54 AM
Rank: Elder


Joined: 9/23/2009
Posts: 5,596
Location: Enk are Nyirobi
winston wrote:
littledove wrote:
http://www.nation.co.ke/business/State-plans-Uchumi-retailers-recovery/996-4023352-1097ir7/index.html “We are not planning to stay for so long as shareholders of Uchumi, so once it stabilises then we will move on to something else and let it grow on its own.


Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing!


On the flipside, might be interpreted as very good news by many.
Life is short. Live passionately.
winston
#28 Posted : Monday, July 24, 2017 10:20:19 AM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
sparkly wrote:
winston wrote:
littledove wrote:
http://www.nation.co.ke/business/State-plans-Uchumi-retailers-recovery/996-4023352-1097ir7/index.html “We are not planning to stay for so long as shareholders of Uchumi, so once it stabilises then we will move on to something else and let it grow on its own.


Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing!


On the flipside, might be interpreted as very good news by many.



Maybe...but that assumes uchumi's problems are due to government shareholding...are they?
iris
#29 Posted : Monday, July 24, 2017 12:37:42 PM
Rank: Member


Joined: 9/11/2014
Posts: 178
Location: Nairobi
winston wrote:
sparkly wrote:
winston wrote:
littledove wrote:
http://www.nation.co.ke/business/State-plans-Uchumi-retailers-recovery/996-4023352-1097ir7/index.html “We are not planning to stay for so long as shareholders of Uchumi, so once it stabilises then we will move on to something else and let it grow on its own.


Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing!


On the flipside, might be interpreted as very good news by many.



Maybe...but that assumes uchumi's problems are due to government shareholding...are they?


Who appointed Ciano and who never bothered to hold him accountable?
sparkly
#30 Posted : Monday, July 24, 2017 5:53:00 PM
Rank: Elder


Joined: 9/23/2009
Posts: 5,596
Location: Enk are Nyirobi
iris wrote:
winston wrote:
sparkly wrote:
winston wrote:
littledove wrote:
http://www.nation.co.ke/business/State-plans-Uchumi-retailers-recovery/996-4023352-1097ir7/index.html “We are not planning to stay for so long as shareholders of Uchumi, so once it stabilises then we will move on to something else and let it grow on its own.


Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing!


On the flipside, might be interpreted as very good news by many.



Maybe...but that assumes uchumi's problems are due to government shareholding...are they?


Who appointed Ciano and who never bothered to hold him accountable?


Same people who let the DJ go on a looting spree of the supermarket, pretended to prosecute him then let him go free to loot another day.
Life is short. Live passionately.
winston
#31 Posted : Tuesday, July 25, 2017 8:59:14 PM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
sparkly wrote:
iris wrote:
winston wrote:
sparkly wrote:
winston wrote:
littledove wrote:
http://www.nation.co.ke/business/State-plans-Uchumi-retailers-recovery/996-4023352-1097ir7/index.html “We are not planning to stay for so long as shareholders of Uchumi, so once it stabilises then we will move on to something else and let it grow on its own.


Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing!


On the flipside, might be interpreted as very good news by many.



Maybe...but that assumes uchumi's problems are due to government shareholding...are they?


Who appointed Ciano and who never bothered to hold him accountable?


Same people who let the DJ go on a looting spree of the supermarket, pretended to prosecute him then let him go free to loot another day.


But same gova has appointed other CEO in some parastatlals that have done well.
sparkly
#32 Posted : Wednesday, July 26, 2017 8:13:08 AM
Rank: Elder


Joined: 9/23/2009
Posts: 5,596
Location: Enk are Nyirobi
winston wrote:
sparkly wrote:
iris wrote:
winston wrote:
sparkly wrote:
winston wrote:
littledove wrote:
http://www.nation.co.ke/business/State-plans-Uchumi-retailers-recovery/996-4023352-1097ir7/index.html “We are not planning to stay for so long as shareholders of Uchumi, so once it stabilises then we will move on to something else and let it grow on its own.


Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing!


On the flipside, might be interpreted as very good news by many.



Maybe...but that assumes uchumi's problems are due to government shareholding...are they?


Who appointed Ciano and who never bothered to hold him accountable?


Same people who let the DJ go on a looting spree of the supermarket, pretended to prosecute him then let him go free to loot another day.


But same gova has appointed other CEO in some parastatlals that have done well.


Focus @wiston focus. Uchumi has done badly with GOK in control. Maybe, just maybe things will be better with another management in control.

Uchumi needs to rethink its strategy. It is so sad that a company with such a long history and goodwill underperforms mama mbogas in the industry.

If I became CEO of Uchumi today, i would make it the preferred retail gods supplier to goverment institutions like the army, prisons, secondary schools, universities, counties, airlines etc. Invest more in the supply chain and delivery of end product to the customer.

There is no reason to compete in the the same space with kina Nakumatt and Tuskys if you have a competitive advantage in dealing with GOK institutions.
Life is short. Live passionately.
cyruskulei
#33 Posted : Wednesday, July 26, 2017 10:30:28 AM
Rank: New-farer


Joined: 3/9/2010
Posts: 83
Location: kenya
sparkly wrote:
winston wrote:
sparkly wrote:
iris wrote:
winston wrote:
sparkly wrote:
winston wrote:
littledove wrote:
http://www.nation.co.ke/business/State-plans-Uchumi-retailers-recovery/996-4023352-1097ir7/index.html “We are not planning to stay for so long as shareholders of Uchumi, so once it stabilises then we will move on to something else and let it grow on its own.


Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing!


On the flipside, might be interpreted as very good news by many.



Maybe...but that assumes uchumi's problems are due to government shareholding...are they?


Who appointed Ciano and who never bothered to hold him accountable?


Same people who let the DJ go on a looting spree of the supermarket, pretended to prosecute him then let him go free to loot another day.


But same gova has appointed other CEO in some parastatlals that have done well.


Focus @wiston focus. Uchumi has done badly with GOK in control. Maybe, just maybe things will be better with another management in control.

Uchumi needs to rethink its strategy. It is so sad that a company with such a long history and goodwill underperforms mama mbogas in the industry.

If I became CEO of Uchumi today, i would make it the preferred retail gods supplier to goverment institutions like the army, prisons, secondary schools, universities, counties, airlines etc. Invest more in the supply chain and delivery of end product to the customer.

There is no reason to compete in the the same space with kina Nakumatt and Tuskys if you have a competitive advantage in dealing with GOK institutions.


Good thought, but unfortinately, most of this gova institutions dont pay and if they do, its when its too late with lots of lost money

Make money when others are lamenting
VituVingiSana
#34 Posted : Wednesday, July 26, 2017 3:50:26 PM
Rank: Chief


Joined: 1/3/2007
Posts: 13,426
Location: Nairobi
winston wrote:
sparkly wrote:
iris wrote:
winston wrote:
sparkly wrote:
winston wrote:
littledove wrote:
http://www.nation.co.ke/business/State-plans-Uchumi-retailers-recovery/996-4023352-1097ir7/index.html “We are not planning to stay for so long as shareholders of Uchumi, so once it stabilises then we will move on to something else and let it grow on its own.


Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing!


On the flipside, might be interpreted as very good news by many.



Maybe...but that assumes uchumi's problems are due to government shareholding...are they?


Who appointed Ciano and who never bothered to hold him accountable?


Same people who let the DJ go on a looting spree of the supermarket, pretended to prosecute him then let him go free to loot another day.


But same gova has appointed other CEO in some parastatlals that have done well.

Which ones? [Exclude all monopolies and those given subsidies or favored]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
winston
#35 Posted : Thursday, July 27, 2017 8:28:31 AM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
VituVingiSana wrote:
winston wrote:
sparkly wrote:
iris wrote:
winston wrote:
sparkly wrote:
winston wrote:
littledove wrote:
http://www.nation.co.ke/business/State-plans-Uchumi-retailers-recovery/996-4023352-1097ir7/index.html “We are not planning to stay for so long as shareholders of Uchumi, so once it stabilises then we will move on to something else and let it grow on its own.


Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing!


On the flipside, might be interpreted as very good news by many.



Maybe...but that assumes uchumi's problems are due to government shareholding...are they?


Who appointed Ciano and who never bothered to hold him accountable?


Same people who let the DJ go on a looting spree of the supermarket, pretended to prosecute him then let him go free to loot another day.


But same gova has appointed other CEO in some parastatlals that have done well.

Which ones? [Exclude all monopolies and those given subsidies or favored]


@VVS - your exclusions have eliminated my candidates.
Spikes
#36 Posted : Thursday, July 27, 2017 11:03:01 AM
Rank: Veteran


Joined: 9/20/2015
Posts: 2,071
Speculation rally is over but folks are walking all the way into banking hall smiling!
John 1:46 "Nazareth! Can anything good come from there?" Nathaniel asked ."Come and see," said Philip.
sparkly
#37 Posted : Thursday, July 27, 2017 4:35:14 PM
Rank: Elder


Joined: 9/23/2009
Posts: 5,596
Location: Enk are Nyirobi
cyruskulei wrote:
sparkly wrote:
winston wrote:
sparkly wrote:
iris wrote:
winston wrote:
sparkly wrote:
winston wrote:
littledove wrote:
http://www.nation.co.ke/business/State-plans-Uchumi-retailers-recovery/996-4023352-1097ir7/index.html “We are not planning to stay for so long as shareholders of Uchumi, so once it stabilises then we will move on to something else and let it grow on its own.


Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing!


On the flipside, might be interpreted as very good news by many.



Maybe...but that assumes uchumi's problems are due to government shareholding...are they?


Who appointed Ciano and who never bothered to hold him accountable?


Same people who let the DJ go on a looting spree of the supermarket, pretended to prosecute him then let him go free to loot another day.


But same gova has appointed other CEO in some parastatlals that have done well.


Focus @wiston focus. Uchumi has done badly with GOK in control. Maybe, just maybe things will be better with another management in control.

Uchumi needs to rethink its strategy. It is so sad that a company with such a long history and goodwill underperforms mama mbogas in the industry.

If I became CEO of Uchumi today, i would make it the preferred retail gods supplier to goverment institutions like the army, prisons, secondary schools, universities, counties, airlines etc. Invest more in the supply chain and delivery of end product to the customer.

There is no reason to compete in the the same space with kina Nakumatt and Tuskys if you have a competitive advantage in dealing with GOK institutions.


Good thought, but unfortinately, most of this gova institutions dont pay and if they do, its when its too late with lots of lost money



My fren government is the largest spender and consumer in our economy.
Life is short. Live passionately.
murchr
#38 Posted : Friday, August 04, 2017 8:10:08 PM
Rank: Elder


Joined: 2/26/2012
Posts: 11,864
"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
.
Horton
#39 Posted : Friday, August 04, 2017 8:21:00 PM
Rank: Veteran


Joined: 8/30/2007
Posts: 1,026
Location: Nairobi
Another case of the retail investor getting wiped out...
I own shares in KCB,CYTONN, BRK.B
winston
#40 Posted : Monday, August 07, 2017 2:40:11 PM
Rank: Member


Joined: 4/14/2010
Posts: 806
Location: Nairobi
Horton wrote:
Another case of the retail investor getting wiped out...



Current retail investor...true smile .

Future retail investor...unknown smile .
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