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Nakumatt: Another ailing Kenyan company
Bigchick
#521 Posted : Tuesday, October 10, 2017 9:22:08 AM
Rank: Elder


Joined: 2/8/2013
Posts: 3,116
Location: At Large.
KulaRaha wrote:
[quote=hardwood]Nakumatt starts restocking as it promises major comeback

http://nairobinews.natio...-major-comeback-photos/[/quote]

Moving goods from closed stores to open ones...specifically Junction where they are under serious pressure to vacate.



Is it not the prudent thing to do or where were thry to take the stock in the closing shops?

I also have info that suppliers are willing to continue supplying in an effort to salvage the Supermarket chain.
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.
wukan
#522 Posted : Tuesday, October 10, 2017 9:30:41 AM
Rank: Member


Joined: 11/13/2015
Posts: 401
Bigchick wrote:
KulaRaha wrote:
[quote=hardwood]Nakumatt starts restocking as it promises major comeback

http://nairobinews.natio...-major-comeback-photos/[/quote]

Moving goods from closed stores to open ones...specifically Junction where they are under serious pressure to vacate.



Is it not the prudent thing to do or where were thry to take the stock in the closing shops?

I also have info that suppliers are willing to continue supplying in an effort to salvage the Supermarket chain.


Those suppliers remind you of that aunt that can't walk away from an abusive relationship and you have to listen to her sob stories all the time
Angelica _ann
#523 Posted : Tuesday, October 10, 2017 9:42:46 AM
Rank: Elder


Joined: 12/7/2012
Posts: 7,555
wukan wrote:
Bigchick wrote:
KulaRaha wrote:
[quote=hardwood]Nakumatt starts restocking as it promises major comeback

http://nairobinews.natio...-major-comeback-photos/[/quote]

Moving goods from closed stores to open ones...specifically Junction where they are under serious pressure to vacate.



Is it not the prudent thing to do or where were thry to take the stock in the closing shops?

I also have info that suppliers are willing to continue supplying in an effort to salvage the Supermarket chain.


Those suppliers remind you of that aunt that can't walk away from an abusive relationship and you have to listen to her sob stories all the time


Prudent yes, but they lied in their tweets about stocking and restocking. That is why they are being smoked out.

Any supplier still willing to do that ..... eeeeeeeh ok i have never been a supplier to a supermarket so no comment!!!! But i know even within the office setup, those who are bad debtors will always sweet talk you, the judgement is yours!!!

the bad/abusive marriage, very good and apt example?
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
KulaRaha
#524 Posted : Tuesday, October 10, 2017 12:50:26 PM
Rank: Elder


Joined: 7/26/2007
Posts: 5,955
Transferring stocks from one branch to another is not re-stocking. Re-stocking is buying fresh stocks.

And these suppliers you claim want to carry on supplying...ebu go to Nakumatt and see the brands on the shelves. Then come tell us who these suppliers are.

LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL
Business opportunities are like buses,there's always another one coming
hardwood
#525 Posted : Tuesday, October 10, 2017 2:53:56 PM
Rank: Elder


Joined: 7/28/2015
Posts: 4,929
More trouble after Uganda and Tz govts auction nakumatt goods to recover unpaid taxes.

http://www.monitor.co.ug...14902-lby2g9/index.html


http://theinsider.ug/ind...auctions-nakumatt-goods/
An election is never about the number of votes cast for a candidate. (Maraga 2017)
Angelica _ann
#526 Posted : Tuesday, October 10, 2017 3:15:47 PM
Rank: Elder


Joined: 12/7/2012
Posts: 7,555
Haka wacha kakufe ............ conned big boys CP and suppliers!!!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
obiero
#527 Posted : Tuesday, October 10, 2017 7:36:08 PM
Rank: Elder


Joined: 6/23/2009
Posts: 7,116
Location: nairobi
Angelica _ann wrote:
Haka wacha kakufe ............ conned big boys CP and suppliers!!!!!

Na kafe haraka..
one thing that's certain is that there's uncertainty at the NSE and stocks hate uncertainty
hardwood
#528 Posted : Thursday, October 12, 2017 12:15:49 AM
Rank: Elder


Joined: 7/28/2015
Posts: 4,929
Nakumatt Bamburi and Nakumatt Lunga Lunga closed.


http://www.businessdaily...5616-mq64b8z/index.html

An election is never about the number of votes cast for a candidate. (Maraga 2017)
innairobi
#529 Posted : Thursday, October 12, 2017 1:18:01 PM
Rank: Member


Joined: 9/2/2010
Posts: 774
All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
hardwood
#530 Posted : Thursday, October 12, 2017 1:25:35 PM
Rank: Elder


Joined: 7/28/2015
Posts: 4,929
When it rains, it pours...
An election is never about the number of votes cast for a candidate. (Maraga 2017)
obiero
#531 Posted : Thursday, October 12, 2017 1:49:55 PM
Rank: Elder


Joined: 6/23/2009
Posts: 7,116
Location: nairobi
The less we talk about this company, the better
one thing that's certain is that there's uncertainty at the NSE and stocks hate uncertainty
hardwood
#532 Posted : Thursday, October 12, 2017 8:00:42 PM
Rank: Elder


Joined: 7/28/2015
Posts: 4,929
Pray
An election is never about the number of votes cast for a candidate. (Maraga 2017)
obiero
#533 Posted : Thursday, October 12, 2017 8:27:18 PM
Rank: Elder


Joined: 6/23/2009
Posts: 7,116
Location: nairobi
hardwood wrote:
Galleria Pray

How many branches remain open will be a better gauge of the imminent collapse
one thing that's certain is that there's uncertainty at the NSE and stocks hate uncertainty
obiero
#534 Posted : Friday, October 13, 2017 7:04:43 AM
Rank: Elder


Joined: 6/23/2009
Posts: 7,116
Location: nairobi
Ericsson wrote:
obiero wrote:
Juojo wrote:
Walked into Nakumatt Mega and could literally smell the stench of death.The shelves were empty. The look on the faces of the few employees hanging around discussing in small groups was heartbreaking

I visited it too, just yesterday and it was a shell.. Luckily, Tuskys have today put forward a request for takeover.. Hope that the same is accepted


Obiero link

On September 17th, the exchange
bar told it http://www.businessdaily...137160-u6essh/index.html
one thing that's certain is that there's uncertainty at the NSE and stocks hate uncertainty
Ericsson
#535 Posted : Friday, October 13, 2017 7:07:56 AM
Rank: Elder


Joined: 12/4/2009
Posts: 3,592
Location: NAIROBI
obiero wrote:
Ericsson wrote:
obiero wrote:
[quote=Juojo]Walked into Nakumatt Mega and could literally smell the stench of death.The shelves were empty. The look on the faces of the few employees hanging around discussing in small groups was heartbreaking

I visited it too, just yesterday and it was a shell.. Luckily, Tuskys have today put forward a request for takeover.. Hope that the same is accepted


Obiero link

On September 17th, the exchange
bar told it http://www.businessdaily...37160-u6essh/index.html[/quote]

Shame on you Shame on you Shame on you
Hiyo ni link ya business daily ya today's newspaper.
obiero
#536 Posted : Friday, October 13, 2017 7:38:06 AM
Rank: Elder


Joined: 6/23/2009
Posts: 7,116
Location: nairobi
Ericsson wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
[quote=Juojo]Walked into Nakumatt Mega and could literally smell the stench of death.The shelves were empty. The look on the faces of the few employees hanging around discussing in small groups was heartbreaking

I visited it too, just yesterday and it was a shell.. Luckily, Tuskys have today put forward a request for takeover.. Hope that the same is accepted


Obiero link

On September 17th, the exchange
bar told it http://www.businessdaily...37160-u6essh/index.html[/quote]

Shame on you Shame on you Shame on you
Hiyo ni link ya business daily ya today's newspaper.

Exactly. Never ask me for a link since I get news months in advance
one thing that's certain is that there's uncertainty at the NSE and stocks hate uncertainty
Ericsson
#537 Posted : Friday, October 13, 2017 9:42:03 AM
Rank: Elder


Joined: 12/4/2009
Posts: 3,592
Location: NAIROBI
obiero wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
[quote=Juojo]Walked into Nakumatt Mega and could literally smell the stench of death.The shelves were empty. The look on the faces of the few employees hanging around discussing in small groups was heartbreaking

I visited it too, just yesterday and it was a shell.. Luckily, Tuskys have today put forward a request for takeover.. Hope that the same is accepted


Obiero link

On September 17th, the exchange
bar told it http://www.businessdaily...37160-u6essh/index.html[/quote]

Shame on you Shame on you Shame on you
Hiyo ni link ya business daily ya today's newspaper.

Exactly. Never ask me for a link since I get news months in advance


Show the quote with the date where you said Tuskys will takeover Nakumatt maybe sikuiona
KulaRaha
#538 Posted : Friday, October 13, 2017 9:56:31 AM
Rank: Elder


Joined: 7/26/2007
Posts: 5,955
Meanwhile, Nakumatt asking suppliers to restart supplies, goods will be received on consignment, and a bank guarantee will ensure suppliers get paid monthly after verified stock take.

No talk yet of clearing the billions they've siphoned.

I feel bad for the suppliers...this is like being addicted to heroin.

I also wonder which bank is putting their name to those guarantees? There is no collateral.
Business opportunities are like buses,there's always another one coming
obiero
#539 Posted : Friday, October 13, 2017 10:19:57 AM
Rank: Elder


Joined: 6/23/2009
Posts: 7,116
Location: nairobi
Ericsson wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
Ericsson wrote:
obiero wrote:
[quote=Juojo]Walked into Nakumatt Mega and could literally smell the stench of death.The shelves were empty. The look on the faces of the few employees hanging around discussing in small groups was heartbreaking

I visited it too, just yesterday and it was a shell.. Luckily, Tuskys have today put forward a request for takeover.. Hope that the same is accepted


Obiero link

On September 17th, the exchange
bar told it http://www.businessdaily...37160-u6essh/index.html[/quote]

Shame on you Shame on you Shame on you
Hiyo ni link ya business daily ya today's newspaper.

Exactly. Never ask me for a link since I get news months in advance


Show the quote with the date where you said Tuskys will takeover Nakumatt maybe sikuiona

Bure kabisa. You even commented on the same post number #391 & #392 http://m.wazua.co.ke/for...&m=806406#post806406
one thing that's certain is that there's uncertainty at the NSE and stocks hate uncertainty
Ericsson
#540 Posted : Monday, October 16, 2017 10:44:04 AM
Rank: Elder


Joined: 12/4/2009
Posts: 3,592
Location: NAIROBI
http://kenyanwallstreet....-tuskys-merger-approved

Owners of Nakumatt Holdings will cede 51% stake in the company if the deal to merge with Tuskys Supermarkets is approved by the Competition Authority of Kenya, as per the bankruptcy proceedings at the high court on Friday 13th October 2017.
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