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Uchumi - A value play?
Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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sparkly wrote:watesh wrote:The day i will go to Uchumi and find everything i want is the day i will invest, otherwise still waiting patiently for that Nakumatt listing on the stock market Irony is that Nakumatt tapped out before Uchumi. The deep pockets of the Taxpayers. EAPCC vs ARM. NBK vs Chase. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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VituVingiSana wrote:sparkly wrote:watesh wrote:The day i will go to Uchumi and find everything i want is the day i will invest, otherwise still waiting patiently for that Nakumatt listing on the stock market Irony is that Nakumatt tapped out before Uchumi. The deep pockets of the Taxpayers. EAPCC vs ARM. NBK vs Chase. KQ vs KQ
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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obiero wrote:VituVingiSana wrote:Gathige wrote:VituVingiSana wrote:Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving Yes, but it has to be declared bankrupt, delisted and given over to the creditors so they can restructure it. I do not mean Uchumi should be closed BUT it should be owned and controlled by suppliers and employees. There's no better way forward than what @vvs suggests. This is a small business with no national importance hence no need for GOK influence/support Uchumi looses yet another key branch. It's over https://www.businessdail...641028-scvg8d/index.html
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,098 Location: Nairobi
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Almost there! Uchumi to complete Sh2.8bn Kasarani land sale in one week https://www.businessdail...68442-55mofs/index.html
No, I will still not invest in Uchumi shares BUT I hope Uchumi can find a strong partner and provide meaningful competition to Carrefour! Perhaps some suppliers should take a significant stake, and management role, in Uchumi and use it as a major outlet for their products. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 6/13/2017 Posts: 10
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Is there something good cooking over here? 1.2M shares traded as at noon!! Watu wa TA mko wapi?
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Kwiklana wrote:Is there something good cooking over here? 1.2M shares traded as at noon!! Watu wa TA mko wapi? That property sale should not be a panacea
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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obiero wrote:Kwiklana wrote:Is there something good cooking over here? 1.2M shares traded as at noon!! Watu wa TA mko wapi? That property sale should not be a panacea The poor share slid sub 2 bob today
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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obiero wrote:obiero wrote:Kwiklana wrote:Is there something good cooking over here? 1.2M shares traded as at noon!! Watu wa TA mko wapi? That property sale should not be a panacea The poor share slid sub 2 bob today Uchumi should do very fast what Nakumatt did. Close some branches and remain with just a few to reduce overhead costs. About 10 branches would be good Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:obiero wrote:Kwiklana wrote:Is there something good cooking over here? 1.2M shares traded as at noon!! Watu wa TA mko wapi? That property sale should not be a panacea The poor share slid sub 2 bob today Poor share like crap KQ. .  John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Spikes wrote:obiero wrote:obiero wrote:Kwiklana wrote:Is there something good cooking over here? 1.2M shares traded as at noon!! Watu wa TA mko wapi? That property sale should not be a panacea The poor share slid sub 2 bob today Poor share like crap KQ. . Bora uhai 😁😁😁
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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obiero wrote:Spikes wrote:obiero wrote:obiero wrote:Kwiklana wrote:Is there something good cooking over here? 1.2M shares traded as at noon!! Watu wa TA mko wapi? That property sale should not be a panacea The poor share slid sub 2 bob today Poor share like crap KQ. . Bora uhai 😁😁😁  John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Member Joined: 4/4/2007 Posts: 91
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Uchumi seem to be selling their Langata Hypermarket going by an advert on today's paper . Interesting times ahead for the old dog Knowledge is power , but action gets things done ...
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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Pirate wrote:Uchumi seem to be selling their Langata Hypermarket going by an advert on today's paper . Interesting times ahead for the old dog This is the third attempt
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 2/20/2015 Posts: 467 Location: Nairobi
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obiero wrote:Pirate wrote:Uchumi seem to be selling their Langata Hypermarket going by an advert on today's paper . Interesting times ahead for the old dog This is the third attempt With a caveat placed by KAA who will dare touch that Uchumi Langata land?
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Rank: Elder Joined: 6/23/2009 Posts: 13,503 Location: nairobi
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kawi254 wrote:obiero wrote:Pirate wrote:Uchumi seem to be selling their Langata Hypermarket going by an advert on today's paper . Interesting times ahead for the old dog This is the third attempt With a caveat placed by KAA who will dare touch that Uchumi Langata land? It's actually a great hazard as per the KAA report. "Threat of missile launch direct along the flight path"
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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And then they will franchise that branch..these brick and mortar investments for retailers are a disasater.. Pirate wrote:Uchumi seem to be selling their Langata Hypermarket going by an advert on today's paper . Interesting times ahead for the old dog
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Chaka wrote:And then they will franchise that branch..these brick and mortar investments for retailers are a disasater.. Pirate wrote:Uchumi seem to be selling their Langata Hypermarket going by an advert on today's paper . Interesting times ahead for the old dog They can be good source of security on the contrary. Can be sold to pay off debts Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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1 bob today hehe To Each His Own
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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kayhara wrote:1 bob today hehe The company isn't trading at the moment;none of it's branches is in operational Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Is there any info on Uchumi, there seems to be unusually high demand for the past 5 days. “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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Uchumi - A value play?
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