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Uchumi Supermarkets FY15
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4eva eva
#11 Posted : Saturday, November 28, 2015 11:23:59 AM
Rank: New-farer

Joined: 11/3/2015
Posts: 45
Location: Mombatha
Boris Boyka wrote:
4eva eva wrote:
July, September, October, November to release results ending 30th June...

4 months within regulatiom and requirements.

Hmmm...
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VituVingiSana
#12 Posted : Sunday, November 29, 2015 10:22:35 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,350
Location: Nairobi
Another 2bn (or whatever amount) that will either go down the drain or stuck in legal limbo for years! Poor Uchumi shareholders.

http://www.businessdaily...0/-/14gmy64/-/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Angelica _ann
#13 Posted : Sunday, November 29, 2015 10:34:38 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
[quote=VituVingiSana]Another 2bn (or whatever amount) that will either go down the drain or stuck in legal limbo for years! Poor Uchumi shareholders.

http://www.businessdaily.../-/14gmy64/-/index.html[/quote]
Of course lawyers will also eat a good percentage of the amount!!!
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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Cde Monomotapa
#14 Posted : Sunday, November 29, 2015 11:09:03 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Great the CEO clipped the under-performers. Now, if deposits have to be sought back altogether, as those locations look promising, then this company might never turnaround!
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Cde Monomotapa
#15 Posted : Sunday, November 29, 2015 11:25:32 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Great the CEO clipped the under-performers. Now, if deposits have to be sought back altogether, as those locations look promising, then this company might never turnaround!


Then again, what's the discount for all this 'bad news'? If really 2.5B supported dud branches, the legal claims can run their course. Can sprucing back of KE branches maintain/improve earnings? 4 bob!
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  | | Edit by user: Sunday, November 29, 2015 11:26 PM | Reason: Not specified
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