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Uchumi HY 2018, the disaster
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muganda
#1 Posted : Thursday, February 22, 2018 12:02:39 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
So was it wrong for Kipngetich to abandon this 'Titanic'? Maybe in Kenya we need to let companies collapse more, rather than attempting to resuscitate skeletons.

The results were so bad that they were shy to label the columns - HY 2018 | HY 2017
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Ericsson
#2 Posted : Thursday, February 22, 2018 12:09:21 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Net sales of sh.526mn in six months.
Debt level is unmanageable,surviving on goodwill of Gok which got a rating downgrade
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#3 Posted : Thursday, February 22, 2018 12:22:44 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
[quote=Ericsson]Net sales of sh.526mn in six months.
Debt level is unmanageable,surviving on goodwill of Gok which got a rating downgrade[/quote

.....................................


They should allow the thing to die.Why waste taxpayer money?
Towards the goal of financial freedom
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  | | Edit by user: Thursday, February 22, 2018 12:23 PM | Reason: Not specified
watesh
#4 Posted : Thursday, February 22, 2018 12:24:10 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
SHUT this thing down, then start afresh with a different brand
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mlennyma
#5 Posted : Thursday, February 22, 2018 12:41:36 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
watesh wrote:
SHUT this thing down, then start afresh with a different brand

wasting nse reporting season appetite
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#6 Posted : Thursday, February 22, 2018 1:12:42 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
Net sales of sh.526mn in six months.
Debt level is unmanageable,surviving on goodwill of Gok which got a rating downgrade

I think Carrefour had greater sales in a single branch!
Two Rivers Carrefour is hopping with shoppers on weekends.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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VituVingiSana
#7 Posted : Thursday, February 22, 2018 1:14:34 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ebenyo wrote:
[quote=Ericsson]Net sales of sh.526mn in six months.
Debt level is unmanageable,surviving on goodwill of Gok which got a rating downgrade[/quote

.....................................


They should allow the thing to die.Why waste taxpayer money?

There are many such firms. Except KenRe, has any GoK controlled/infiluenced firm not received "debt" (bailout) from GoK that was later converted to Equity?

KPLC
KenGen
KCB [some years ago]
NBK
Uchumi
KQ
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#8 Posted : Thursday, February 22, 2018 2:15:41 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Ebenyo wrote:
[quote=Ericsson]Net sales of sh.526mn in six months.
Debt level is unmanageable,surviving on goodwill of Gok which got a rating downgrade[/quote

.....................................


They should allow the thing to die.Why waste taxpayer money?

There are many such firms. Except KenRe, has any GoK controlled/infiluenced firm not received "debt" (bailout) from GoK that was later converted to Equity?

KPLC
KenGen
KCB [some years ago]---Never received any bailout that was converted to equity
NBK
Uchumi
KQ

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
VituVingiSana
#9 Posted : Thursday, February 22, 2018 3:28:50 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
VituVingiSana wrote:
Ebenyo wrote:
[quote=Ericsson]Net sales of sh.526mn in six months.
Debt level is unmanageable,surviving on goodwill of Gok which got a rating downgrade[/quote

.....................................


They should allow the thing to die.Why waste taxpayer money?

There are many such firms. Except KenRe, has any GoK controlled/infiluenced firm not received "debt" (bailout) from GoK that was later converted to Equity?

KPLC
KenGen
KCB [some years ago]---Never received any bailout that was converted to equity
NBK
Uchumi
KQ


In the 90s? Or was it 2000s? [Perhaps not a direct loan but there was some serious shit that went down post-Bii/Kaminchia]
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#10 Posted : Thursday, February 22, 2018 3:46:03 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
VituVingiSana wrote:
Ericsson wrote:
VituVingiSana wrote:
Ebenyo wrote:
[quote=Ericsson]Net sales of sh.526mn in six months.
Debt level is unmanageable,surviving on goodwill of Gok which got a rating downgrade[/quote

.....................................


They should allow the thing to die.Why waste taxpayer money?

There are many such firms. Except KenRe, has any GoK controlled/infiluenced firm not received "debt" (bailout) from GoK that was later converted to Equity?

KPLC
KenGen
KCB [some years ago]---Never received any bailout that was converted to equity
NBK
Uchumi
KQ


In the 90s? Or was it 2000s? [Perhaps not a direct loan but there was some serious shit that went down post-Bii/Kaminchia]

2003-2004

KQ ABP 4.26
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