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Uchumi HY 2018, the disaster
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Pesa Nane
#81 Posted : Friday, October 26, 2018 9:19:16 AM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Care givers have scattered. Monkey must die. Sad



Pesa Nane plans to be shilingi when he grows up.
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VituVingiSana
#82 Posted : Friday, November 02, 2018 7:35:30 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Struggling Uchumi winding up claims hit Sh900 million
https://www.businessdail...4832948-9mbg9/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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HaMaina
#83 Posted : Friday, November 16, 2018 2:50:40 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
There seems to be work ongoing inside Uchumi Ongata Ronga. Does anyone have any info? or maybe its just another supermarket about to start.
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Kibe21
#84 Posted : Friday, November 16, 2018 8:01:05 PM
Rank: New-farer

Joined: 8/1/2018
Posts: 60
Location: Nairobi
HaMaina wrote:
There seems to be work ongoing inside Uchumi Ongata Ronga. Does anyone have any info? or maybe its just another supermarket about to start.

Choppies is taking up the space.
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obiero
#85 Posted : Friday, November 16, 2018 8:33:56 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
Kibe21 wrote:
HaMaina wrote:
There seems to be work ongoing inside Uchumi Ongata Ronga. Does anyone have any info? or maybe its just another supermarket about to start.

Choppies is taking up the space.

There is no company which I have diagnosed to be dying that has not eventually died. None

KQ ABP 4.26
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VituVingiSana
#86 Posted : Friday, November 16, 2018 11:46:26 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
Kibe21 wrote:
HaMaina wrote:
There seems to be work ongoing inside Uchumi Ongata Ronga. Does anyone have any info? or maybe its just another supermarket about to start.

Choppies is taking up the space.

There is no company which I have diagnosed to be dying that has not eventually died. None
Uchumi has been on the downward slope for years. No surprise there.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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hardwood
#87 Posted : Wednesday, November 28, 2018 11:18:19 AM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Uchumi inks Sh2.8bn sale contract for Kasarani land.

Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes.

https://www.businessdail...2098-n2ifwwz/index.html


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wukan
#88 Posted : Wednesday, November 28, 2018 12:17:35 PM
Rank: Veteran

Joined: 11/13/2015
Posts: 1,653
hardwood wrote:
Uchumi inks Sh2.8bn sale contract for Kasarani land.

Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes.

https://www.businessdail...2098-n2ifwwz/index.html




Showing Uchumi was good at real estate investment but poor in its core function retaild'oh! d'oh! There are no fortunes to turn around.
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hardwood
#89 Posted : Wednesday, November 28, 2018 12:45:40 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
wukan wrote:
hardwood wrote:
Uchumi inks Sh2.8bn sale contract for Kasarani land.

Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes.

https://www.businessdail...2098-n2ifwwz/index.html




Showing Uchumi was good at real estate investment but poor in its core function retaild'oh! d'oh! There are no fortunes to turn around.


Sold at 140m per acre. What does Pastor Mwai want to do with the land?
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Ericsson
#90 Posted : Wednesday, November 28, 2018 12:57:20 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
hardwood wrote:
wukan wrote:
hardwood wrote:
Uchumi inks Sh2.8bn sale contract for Kasarani land.

Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes.

https://www.businessdail...2098-n2ifwwz/index.html




Showing Uchumi was good at real estate investment but poor in its core function retaild'oh! d'oh! There are no fortunes to turn around.


Sold at 140m per acre. What does Pastor Mwai want to do with the land?


Build a church with administration offices and a full college
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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