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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Seems the main bank has finally admitted "some" of its exposure....more to come! Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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KulaRaha wrote:Seems the main bank has finally admitted "some" of its exposure....more to come! main???  For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Main bank released results yesterday....quietly. Those provisions are not adequate, they are still cooking... Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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KulaRaha wrote:Main bank released results yesterday....quietly. Those provisions are not adequate, they are still cooking... The banks need to do a KQ here  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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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Angelica _ann wrote:KulaRaha wrote:Main bank released results yesterday....quietly. Those provisions are not adequate, they are still cooking... The banks need to do a KQ here Difficult to do, given there are ZERO assets. Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 1/31/2007 Posts: 303
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moneydust wrote:obiero wrote:hardwood wrote:Lolest! wrote:Meanwhile Naivas opens a new branch at Ridgeways opposite Nakumatt Ridgeways without any debt...
It's not an industry thing I said the future of retailing is Naivas. And Quickmatt. And chadarana. The Naivas guys should be careful.. Our economy won't support their expansion especially if the same is credit driven Nakumatt problems began when Harun Mwau exited the company.I wonder why ...could it be they used the firms cash to pay him off hence the big hole in working capital?.Only they can tell us the truth.The issue of the economy being the problem is a red herring.For heavens sake customers pay cash, while suppliers supply on credit so why should we have empty shelves watu waseme ukweli. Nakumatt directors paid off Harun Mwau with working capitalIt seems I wasnt wrong
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Rank: Member Joined: 9/2/2010 Posts: 845
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nakumatt must by now have fallen behind to become the third largest retailer by revenue behind tuskys and naivas. tuskys lazima saa hii wanafanya turnover ya 45 billion plus. All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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innairobi wrote:nakumatt must by now have fallen behind to become the third largest retailer by revenue behind tuskys and naivas. tuskys lazima saa hii wanafanya turnover ya 45 billion plus. What's the net profit for Tuskys? How come they don't want to list? I hear it's not good as it seems...
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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the deal wrote:innairobi wrote:nakumatt must by now have fallen behind to become the third largest retailer by revenue behind tuskys and naivas. tuskys lazima saa hii wanafanya turnover ya 45 billion plus. What's the net profit for Tuskys? How come they don't want to list? I hear it's not good as it seems... Supermarket business in Kenya should be profitable but it's not due to pilfering.. Even Carrefour are feeling the pinch (pun intended)
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: 7/26/2007 Posts: 6,514
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CarreFour claim pilferage in Kenya is the worst they've seen from all the places they operate. We are thieves. Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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KulaRaha wrote:CarreFour claim pilferage in Kenya is the worst they've seen from all the places they operate.
We are thieves. They haven't been to Southern African countries where Shoprite have security guards at exit to validate receipt against items in the shopping bag.
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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kawi254 wrote:KulaRaha wrote:CarreFour claim pilferage in Kenya is the worst they've seen from all the places they operate.
We are thieves. They haven't been to Southern African countries where Shoprite have security guards at exit to validate receipt against items in the shopping bag. Hot point Sarit does that. Ukwala also used to do it
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: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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obiero wrote:kawi254 wrote:KulaRaha wrote:CarreFour claim pilferage in Kenya is the worst they've seen from all the places they operate.
We are thieves. They haven't been to Southern African countries where Shoprite have security guards at exit to validate receipt against items in the shopping bag. Hot point Sarit does that. Ukwala also used to do it Shrinkage in Kenyan supermarkets is alarming... One of the reasons I can't invest in this sector contrary in Southern Africa... Shrinkage is very low... Retailers like Shoprite are one of the best investments one can make despite the current economic conditions in the region!
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Egypt and Morocco only other 2 african countries for Carrefour. We are their first true experience...LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL Business opportunities are like buses,there's always another one coming
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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KulaRaha wrote:CarreFour claim pilferage in Kenya is the worst they've seen from all the places they operate.
We are thieves. No wonder the village duka and kiosk are tightly secured and the shopkeeper hands to the buyer their buy through a very small opening. Otherwise the peculiar long hands finds their way into the merchandise. Very shameful "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Veteran Joined: 3/27/2009 Posts: 1,437
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kawi254 wrote:KulaRaha wrote:CarreFour claim pilferage in Kenya is the worst they've seen from all the places they operate.
We are thieves. They haven't been to Southern African countries where Shoprite have security guards at exit to validate receipt against items in the shopping bag.
Game at Garden City does it.
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Iganamagana wrote:kawi254 wrote:KulaRaha wrote:CarreFour claim pilferage in Kenya is the worst they've seen from all the places they operate.
We are thieves. They haven't been to Southern African countries where Shoprite have security guards at exit to validate receipt against items in the shopping bag.
Game at Garden City does it. Gilanis Nakuru too For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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KulaRaha wrote:CarreFour claim pilferage in Kenya is the worst they've seen from all the places they operate.
We are thieves. I'm sure 90% is by staff.
BBI will solve it :)
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Nakumatt: Another ailing Kenyan company
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