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Uchumi - A value play?
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Ericsson
#561 Posted : Friday, June 11, 2021 7:30:26 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
HaMaina wrote:
Uchumi upbeat of comeback as it re-stocks branches


The headline and content are two different things.
Suppliers are reluctant to give Uchumi stock
CEO is trying but suppliers have been choma'd over and over again. In today's tough economy why take the risk of giving credit?


Uchumi is as good as dead
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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HaMaina
#562 Posted : Monday, June 14, 2021 3:53:30 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 934
What's the excitement over Uchumi today??
“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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HaMaina
#563 Posted : Thursday, July 22, 2021 2:42:46 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 934
Uchumi Website CountDown

Any news on Uchumi?? Their website has been counting down for about 2 weeks now.
“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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Ericsson
#564 Posted : Tuesday, September 28, 2021 12:16:41 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
Uchumi Aga Khan walk shut.
The space is being renovated for a new tenant,most likely Naivas to take over
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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VituVingiSana
#565 Posted : Tuesday, September 28, 2021 5:23:33 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,437
Location: Nairobi
Ericsson wrote:
Uchumi Aga Khan walk shut.
The space is being renovated for a new tenant,most likely Naivas to take over
Wasn't this the original branch? The HQ was located in that building. The death of a once solid Kenyan brand.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#566 Posted : Tuesday, September 28, 2021 8:11:08 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Uchumi Aga Khan walk shut.
The space is being renovated for a new tenant,most likely Naivas to take over
Wasn't this the original branch? The HQ was located in that building. The death of a once solid Kenyan brand.


Now even wonder why is the share still trading.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#567 Posted : Tuesday, September 28, 2021 8:12:44 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,836
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Uchumi Aga Khan walk shut.
The space is being renovated for a new tenant,most likely Naivas to take over
Wasn't this the original branch? The HQ was located in that building. The death of a once solid Kenyan brand.

Yes it was.
The building that Chris Kirubi sold then Uchumi leased back.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#568 Posted : Wednesday, September 29, 2021 6:17:47 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,476
Location: nairobi
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Uchumi Aga Khan walk shut.
The space is being renovated for a new tenant,most likely Naivas to take over
Wasn't this the original branch? The HQ was located in that building. The death of a once solid Kenyan brand.

Yes it was.
The building that Chris Kirubi sold then Uchumi leased back.

Naivas is taking it, confirmed. Will miss the Uchumi bread and sandwiches dearly
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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HaMaina
#569 Posted : Monday, November 29, 2021 11:03:01 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 934
KDF ups fight for Uchumi assets with purchase deal
“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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mlennyma
#570 Posted : Monday, November 29, 2021 12:16:35 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
HaMaina wrote:
KDF ups fight for Uchumi assets with purchase deal


I see the shareholder finally walking out empty handed
"Don't let the fear of losing be greater than the excitement of winning."
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