wazua Thu, Mar 19, 2026
Welcome Guest Search | Active Topics | Log In

10 Pages«<678910>
Uchumi HY 2018, the disaster
Options
Previous Topic · Next Topic
Ericsson
#71 Posted : Friday, October 19, 2018 1:23:56 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
Pesa Nane wrote:
Monkey MUST die.

Quote:
Landlord now kicks Uchumi out of Nairobi headquarters

Retail chain Uchumi Supermarkets' troubles have deepened after it was evicted from its Nairobi Industrial Area headquarters over its failure to pay millions of shillings in rent arrears.

It has emerged that Uchumi’s top management has not accessed the premises since October 2 when the Kenya National Trading Corporation (KNTC), the building owner, locked them out.


One GoK agency kicking out another GoK entity d'oh! d'oh! d'oh!


Handshake manenos,each GoK entity is on it's own when it comes to agreements with another entity.

Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
obiero
#72 Posted : Friday, October 19, 2018 2:05:45 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Ericsson wrote:
Angelica _ann wrote:
Pesa Nane wrote:
Monkey MUST die.

Quote:
Landlord now kicks Uchumi out of Nairobi headquarters

Retail chain Uchumi Supermarkets' troubles have deepened after it was evicted from its Nairobi Industrial Area headquarters over its failure to pay millions of shillings in rent arrears.

It has emerged that Uchumi’s top management has not accessed the premises since October 2 when the Kenya National Trading Corporation (KNTC), the building owner, locked them out.


One GoK agency kicking out another GoK entity d'oh! d'oh! d'oh!


Handshake manenos,each GoK entity is on it's own when it comes to agreements with another entity.


I'm ready to bury the monkey.. We would rather put it down

KQ ABP 4.26
Back to top
WWW
  |
KaunganaDoDo
#73 Posted : Friday, October 19, 2018 3:12:25 PM
Rank: Member

Joined: 8/6/2018
Posts: 299
obiero wrote:
Ericsson wrote:
Angelica _ann wrote:
Pesa Nane wrote:
Monkey MUST die.

Quote:
Landlord now kicks Uchumi out of Nairobi headquarters

Retail chain Uchumi Supermarkets' troubles have deepened after it was evicted from its Nairobi Industrial Area headquarters over its failure to pay millions of shillings in rent arrears.

It has emerged that Uchumi’s top management has not accessed the premises since October 2 when the Kenya National Trading Corporation (KNTC), the building owner, locked them out.


One GoK agency kicking out another GoK entity d'oh! d'oh! d'oh!


Handshake manenos,each GoK entity is on it's own when it comes to agreements with another entity.


I'm ready to bury the monkey.. We would rather put it down


This one is not dying. Like Marcus Brutus, it will die on its own timing. After the death of Nakumatt, down with Billions in creditors money...This one will be managed till its on its feet. Shareholders will have to take pain killers....Nowonder the creditors can not raise the requisite vote.
Back to top
  |
kayhara
#74 Posted : Monday, October 22, 2018 10:19:53 AM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059
Weh looking at my loss column is depressing we ere down to 0.65 this morning, another case today with management asking to be let in to the Industrial area head offices, Just wondering how safe I am with my few shillings in this thing, can treasury afford or willing to write off the loss it would incur if Uchumi was to go down? that's what I am counting on.
To Each His Own
Back to top
  |
littledove
#75 Posted : Monday, October 22, 2018 10:34:00 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
kayhara wrote:
Weh looking at my loss column is depressing we ere down to 0.65 this morning, another case today with management asking to be let in to the Industrial area head offices, Just wondering how safe I am with my few shillings in this thing, can treasury afford or willing to write off the loss it would incur if Uchumi was to go down? that's what I am counting on.

the government is already struggling if you own a share which may need government bailout be very very worried
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
Back to top
WWW
  |
KaunganaDoDo
#76 Posted : Monday, October 22, 2018 10:40:06 AM
Rank: Member

Joined: 8/6/2018
Posts: 299
littledove wrote:
kayhara wrote:
Weh looking at my loss column is depressing we ere down to 0.65 this morning, another case today with management asking to be let in to the Industrial area head offices, Just wondering how safe I am with my few shillings in this thing, can treasury afford or willing to write off the loss it would incur if Uchumi was to go down? that's what I am counting on.

the government is already struggling if you own a share which may need government bailout be very very worried


The GoK has already escalated its position in Uchumi...1.2B in shareholders loans plus their 14% shareholding....But the biggest issue is that the GoK will stand accused of being a principal shareholder in a firm that has gone down with Creditors money...The government has "Sank With People s money"...This one is not going anywhere soon. UNLESS OTHERWISE.
Back to top
  |
Ericsson
#77 Posted : Monday, October 22, 2018 11:35:16 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
littledove wrote:
kayhara wrote:
Weh looking at my loss column is depressing we ere down to 0.65 this morning, another case today with management asking to be let in to the Industrial area head offices, Just wondering how safe I am with my few shillings in this thing, can treasury afford or willing to write off the loss it would incur if Uchumi was to go down? that's what I am counting on.

the government is already struggling if you own a share which may need government bailout be very very worried


Agreed
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Ericsson
#78 Posted : Tuesday, October 23, 2018 10:23:10 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Uchumi share price very close to reaching Deacons where trading will be stopped.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Pesa Nane
#79 Posted : Tuesday, October 23, 2018 12:49:55 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Ericsson wrote:
Uchumi share price very close to reaching Deacons where trading will be stopped.

Monkeys lives extended HAPA
Pesa Nane plans to be shilingi when he grows up.
Back to top
  |
kayhara
#80 Posted : Wednesday, October 24, 2018 8:34:47 AM
Rank: Veteran

Joined: 5/5/2011
Posts: 1,059
Now DCI allegedly has taken over the Uchumi headquarters, I hope this is to arrested,jail and recover stolen funds from kina Ciano and co. And may be saving the monkey I am sure Rotich won't let this one slip from the tree,wacha tuone, Niko 40% down on this one
To Each His Own
Back to top
  |
10 Pages«<678910>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.