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Nakumatt sold
McReggae
#11 Posted : Wednesday, November 11, 2009 3:12:00 PM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
.....is Gaddafi involved?????

The chief value of money lies in the fact that one lives in a world in which it is overestimated.
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
VituVingiSana
#12 Posted : Wednesday, November 11, 2009 4:24:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
So... no one has answered @maiant question... yet...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
yekeyeke
#13 Posted : Wednesday, November 11, 2009 4:58:00 PM
Rank: Member

Joined: 6/4/2008
Posts: 345
Soma hii

http://www.eastandard.ne...14&j=&m=&d=

http://www.rich.co.ke/media/docs/020NSX1307.pdf


'You can fool all the people some of the time,and some of the people all the time,but you cannot fool all the people all the time.'
Abraham Lincoln.
kadonye
#14 Posted : Wednesday, November 11, 2009 5:42:00 PM
Rank: Elder

Joined: 5/30/2009
Posts: 1,390
Was nakumatt ever going to hav an ipo?i think it was just a gimmick to get shoppers back to their stores after uchumi was revivd by gok in 06.there was a big patriotism based drive to get pple shop @ uchumi coz it was revivd using gvt funds.nakumat responded to that drive by claiming their purchases were kenyan n then that they wld have an ipo!

The wicked flee even when no one is pursuing...
What a wicked man I am!The things I want to do,I don't do.The things I don't want to do I find myself doing
VituVingiSana
#15 Posted : Wednesday, November 11, 2009 6:33:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Kenya was ahead of the game... bailing out firms with taxpayer cash... LOL... then the USA & UK started bailing out the banks using taxpayer money...

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#16 Posted : Wednesday, November 11, 2009 6:36:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Unlike the old Uchumi... Nakumatt does not own properties but leases them so (yes,they lost the sales from Downtown + Thika Rd) but not the properties. I am surprised Nakumatt hasn't taken over the old cinemas (Cameo/Embassy) to open a new location.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
VituVingiSana
#17 Posted : Wednesday, November 11, 2009 6:41:00 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
who would do an IPO in this environment... unless they are desperate... Nakumatt management is smart to hold off since either the price they get will be low(er) or they cant sell all the shares OR both... Look at Co-op which lowered the price as well as an under-subscription!!!

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Fundaah
#18 Posted : Thursday, November 12, 2009 7:18:00 AM
Rank: Elder

Joined: 11/19/2008
Posts: 1,267
what happened to their Managing Director,Mr Thiagarajan Ramamurthy......change of guard? dont see him in news since the downtown fire incident...

Rules of the game here:

Before you post anything think.give facts only..It's a serious blog for serious people....Do not insult your brother....respect one another...Just be good....
It's good to live a honest life....life without guilt....

Jeremiah 17:11

As a partridge that hatches eggs which it has not laid,So is he who makes a fortune,but unjustly; In the midst of his days it will forsake him,And in the end he will be a fool.'



From the SK Anti-hate/anti- corruption campaigner..
Isaiah 65:17-Look! I am creating new heavens and a new earth, and no one will even think about the old ones anymore
mlefu
#19 Posted : Thursday, November 12, 2009 7:26:00 AM
Rank: Elder

Joined: 2/11/2007
Posts: 1,680
Location: nairobi
you have to love the way wahindi runs his business..with the crunch..the compnay is still in shape...

heard they leased space at the former odeon cinema..a walk walk out model..guess it makes more money coz of the medium income segment....

i love your smile....

Ever had a bath so hot,that as you lower urself in 'Oo! Oo! Oo! Aa! Aa! Aa..ahhh…ohhh yeahh eehhh yeahh!'.
ispoa
#20 Posted : Thursday, November 12, 2009 7:53:00 AM
Rank: Member

Joined: 8/6/2009
Posts: 71

@ V V S

'Unlike the old Uchumi... Nakumatt does not own properties.....'

What abt Junction,Prestige???


When you do the common things in life in an uncommon way,you will command the attention of the world.

***********************

Indecision and delays are the parents of failure.

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