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Nakumatt: Another ailing Kenyan company
KulaRaha
#621 Posted : Wednesday, January 24, 2018 8:48:03 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,046
Kausha wrote:
Some are too big perhaps probably because of the intrinsic value they pack in the operations. Nakumatt is by far the most agile and bold retailer in the market. It is unlikely the agility and boldness would escape value investors.

Now with the admin in place, watch the reconstruction of the business. Tuskys will probably get involved. I will not be surprised if 12 months from now Nakumatt is firing on majority of the cylinders. Lesson being do not underestimate the life of a Kenyan business....business know their home markets well. Just as you would not wish away America airlines in the US market you can't wish away some of our retailers.


Yeah, and Arsenal will win Champions League this season!

LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL
Business opportunities are like buses,there's always another one coming
mulla
#622 Posted : Wednesday, January 24, 2018 10:31:44 AM
Rank: Member


Joined: 6/15/2013
Posts: 193
KulaRaha wrote:
Kausha wrote:
Some are too big perhaps probably because of the intrinsic value they pack in the operations. Nakumatt is by far the most agile and bold retailer in the market. It is unlikely the agility and boldness would escape value investors.

Now with the admin in place, watch the reconstruction of the business. Tuskys will probably get involved. I will not be surprised if 12 months from now Nakumatt is firing on majority of the cylinders. Lesson being do not underestimate the life of a Kenyan business....business know their home markets well. Just as you would not wish away America airlines in the US market you can't wish away some of our retailers.


Yeah, and Arsenal will win Champions League this season!

LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL


Nakumatt slept on the job and that space has been and continues to be taken up by the likes of Naivas,Tuskys, newcomers like Quikmart and the giant SA and French retailers. Nakumatt Kwisha...they have already lost the confidence of landlords.
The excuse Nakumatt is using of law on credit lending caps, reduction of consumer spending etc...they shouldn't forget they are playing in the same market as the above players.
pops
#623 Posted : Wednesday, January 24, 2018 5:28:07 PM
Rank: Member


Joined: 9/13/2006
Posts: 108
Nakumatt = master fraudsters + money launderers! They never had a sustainable business model.
aemathenge
#624 Posted : Tuesday, February 06, 2018 11:52:47 PM
Rank: Elder


Joined: 10/18/2008
Posts: 2,794
Location: Kerugoya
Copy and Paste Extract:

Quote:
Interestingly, Mugweru also claims that Tuskys Supermarket has not made a profit since 2012.

He is of the opinion that Tuskys does not have the ability to pull Nakumatt out of its financial crisis.

Yusuf Mugweru, a shareholder of Tuskys Supermarket with a 17.5 percent stake, has objected to the proposed partnership between Nakumatt and Tuskys through his lawyers.

The objection, which was based on internal wrangles among shareholders, was written to the Competition Authority of Kenya (CAK).


Source Link:
obiero
#625 Posted : Thursday, February 08, 2018 8:09:20 PM
Rank: Elder


Joined: 6/23/2009
Posts: 8,190
Location: nairobi
aemathenge wrote:
Copy and Paste Extract:

Quote:
Interestingly, Mugweru also claims that Tuskys Supermarket has not made a profit since 2012.

He is of the opinion that Tuskys does not have the ability to pull Nakumatt out of its financial crisis.

Yusuf Mugweru, a shareholder of Tuskys Supermarket with a 17.5 percent stake, has objected to the proposed partnership between Nakumatt and Tuskys through his lawyers.

The objection, which was based on internal wrangles among shareholders, was written to the Competition Authority of Kenya (CAK).


Source Link:

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