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Uchumi HY 2018, the disaster

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hardwood		#91 Posted : Wednesday, November 28, 2018 1:06:36 PM
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay		Ericsson wrote: 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 retail 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 Sure? Not subdivide into 1/8th plots for sale?
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Ericsson		#92 Posted : Wednesday, November 28, 2018 1:07:39 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		hardwood wrote: Ericsson wrote: 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 retail 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 Sure? Not subdivide into 1/8th plots for sale? Nope Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Angelica _ann		#93 Posted : Wednesday, November 28, 2018 2:50:26 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		Ericsson wrote: hardwood wrote: Ericsson wrote: 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 retail 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 Sure? Not subdivide into 1/8th plots for sale? Nope 1/8 mentality will kill Nairobi & suburbs 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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hardwood		#94 Posted : Wednesday, November 28, 2018 2:56:27 PM
Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay		Angelica _ann wrote: Ericsson wrote: hardwood wrote: Ericsson wrote: 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 retail 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 Sure? Not subdivide into 1/8th plots for sale? Nope 1/8 mentality will kill Nairobi & suburbs Haha. I was looking forward to buy a piece to put up a block of flats. 2brms go for 25k in that area. A block with 6 floors can give you >700k per month.
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HaMaina		#95 Posted : Thursday, November 29, 2018 9:17:23 AM
Rank: Veteran Joined: 4/23/2014 Posts: 931		hardwood wrote: Angelica _ann wrote: Ericsson wrote: hardwood wrote: Ericsson wrote: 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 retail 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 Sure? Not subdivide into 1/8th plots for sale? Nope 1/8 mentality will kill Nairobi & suburbs Haha. I was looking forward to buy a piece to put up a block of flats. 2brms go for 25k in that area. A block with 6 floors can give you >700k per month. I think the current building regulations specify that beyond the 5th floor, a lift has to be installed. Which would mean more expenses and a higher rent bracket. “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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Pesa Nane		#96 Posted : Wednesday, March 13, 2019 9:37:12 AM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Pesa Nane plans to be shilingi when he grows up.
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Ericsson		#97 Posted : Wednesday, March 13, 2019 10:42:30 AM
Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI		Pesa Nane wrote: Inconsequential.The company is dead Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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Pesa Nane		#98 Posted : Wednesday, March 27, 2019 10:05:09 PM
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c		Take it or leave it! Pesa Nane plans to be shilingi when he grows up.
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Angelica _ann		#99 Posted : Wednesday, March 27, 2019 11:00:19 PM
Rank: Elder Joined: 12/7/2012 Posts: 11,935		Pesa Nane wrote: Take it or leave it! Then they expect to do business with who, thereafter. 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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