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Uchumi 1H profits triple
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Aguytrying
#11 Posted : Tuesday, March 06, 2012 8:26:33 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
'Uchumi has the highest market share, in terms of profitability at 38 percent'. What does that even mean? And can it really be true???
The investor's chief problem - and even his worst enemy - is likely to be himself
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Impunity
#12 Posted : Tuesday, March 06, 2012 8:33:23 AM
Rank: Elder

You have been a member since:: 3/2/2009
Posts: 26,331
Location: Masada
the deal wrote:
[quote=the deal]Uchumi Half Year Net Profits Surge On Improved Margins

Link http://www.contrarianinv...rge-on-improved-margins[/quote]

“Locally, Uchumi comes out as the most cost efficient retail chain and has the strongest net profit margin at 3.6 per cent compared to Nakumatt at 0.8 per cent, Tuskys at 1.3 per cent and Naivas at 0.8 per cent,” said the investment banker.

http://www.businessdaily...6/-/h6yntn/-/index.html



So Naivas with its cheaper prices is performing worst!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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mkonomtupu
#13 Posted : Tuesday, March 06, 2012 11:58:08 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
anyone with the full report by kestrel? anyone looking at the east african region in another 5 years must be in retail(especially in Uganda) and a for share below book value this is a good bus to board
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earthvoice
#14 Posted : Tuesday, March 06, 2012 10:20:58 PM
Rank: Member

Joined: 1/29/2011
Posts: 257
"Uchumi shareholders could receive a divided as early as next year as the board of the retail chain moves to discuss sharing the profits with investors after a 10-year freeze."
"It forecasts that the retail chain could pay a dividend of Sh0.50 in 2013 and Sh1 in 2014."

http://www.businessdaily...4/-/rojnbpz/-/index.html
"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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sparkly
#15 Posted : Tuesday, March 06, 2012 10:46:38 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
Gordon Gekko wrote:
Actually @vvs there is such a rule that the chairman and chief executive shouldn't be the same person, I'm just not sure it relates to banks only.

If you recall KCB had major governance issues when they had executive chairmen - Kaminchia et al and CMA introduced the rule to sort out the mess.

Then I have no idea where the issue is... Why hasn't CMA said anything?

It in the CMA guidelines on corporate governance. Why they are not enforcing is the big question.
Life is short. Live passionately.
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VituVingiSana
#16 Posted : Wednesday, March 07, 2012 3:01:33 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
Gordon Gekko wrote:
Actually @vvs there is such a rule that the chairman and chief executive shouldn't be the same person, I'm just not sure it relates to banks only.

If you recall KCB had major governance issues when they had executive chairmen - Kaminchia et al and CMA introduced the rule to sort out the mess.

Then I have no idea where the issue is... Why hasn't CMA said anything?

It in the CMA guidelines on corporate governance. Why they are not enforcing is the big question.
Please post the relevant 'guidelines' for me on here. Also, when were the guidelines published?
*I also think there should be a separation of powers but the question is did KK do anything illegal?*
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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QW25091985
#17 Posted : Wednesday, March 07, 2012 7:21:25 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Jonathan Ciano has really worked this company up !!!
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ngapat
#18 Posted : Thursday, March 08, 2012 11:49:03 AM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
Has touched 9 bob today
“Invest in yourself. Your career is the engine of your wealth.”
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Cde Monomotapa
#19 Posted : Thursday, March 08, 2012 12:51:44 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
ROOOAAR!!!! Oops! Wrong thread smile Laughing out loudly Laughing out loudly Laughing out loudly
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