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Nakumatt: Another ailing Kenyan company
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obiero
#561 Posted : Tuesday, October 31, 2017 11:22:41 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
pops wrote:
Still trying to understand what exactly nakumatt strategy is. Someone enlighten me please.
1. Why would tuskys want to take 51% of Nakumatt. What would they gain apart from 51% of a 40 billion of debt? Surely that's like throwing good money after bad? No other investor is willing to to touch them so why Tuskys?
2. Wouldn't it be easier for the owners of Nakumatt to be declared insolvent and wound up? Why are they intent on dragging this charade on? Nakumatt has lost credibility so it's brand is worthless now. Even if things were good and they made 1 billion profit every year, it will take decades to pay its creditors back!

Surely that brand cannot be worthless

KQ ABP 4.26
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Ericsson
#562 Posted : Tuesday, October 31, 2017 11:38:53 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
http://www.businessdaily...62946-p20qvrz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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FRM2011
#563 Posted : Tuesday, October 31, 2017 11:47:05 AM
Rank: Elder

Joined: 11/5/2010
Posts: 2,459
pops wrote:
Still trying to understand what exactly nakumatt strategy is. Someone enlighten me please.
1. Why would tuskys want to take 51% of Nakumatt. What would they gain apart from 51% of a 40 billion of debt? Surely that's like throwing good money after bad? No other investor is willing to to touch them so why Tuskys?
2. Wouldn't it be easier for the owners of Nakumatt to be declared insolvent and wound up? Why are they intent on dragging this charade on? Nakumatt has lost credibility so it's brand is worthless now. Even if things were good and they made 1 billion profit every year, it will take decades to pay its creditors back!


I have just seen an analysis by someone online. What they owe is much much more than the value of their entire inventory at their peak when fully stocked. In short, the 40Bn didn't go to buy stocks, its stashed somewhere.

Why Tuskys ? They couldn't trust anyone else to come on board. Who else would keep quiet once they discover the hidden skeletons ? If the deal goes through, they simply come back with tuskys as their front using money they screwed the banks and suppliers.
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whiteowl
#564 Posted : Tuesday, October 31, 2017 12:30:21 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
obiero wrote:
pops wrote:
Still trying to understand what exactly nakumatt strategy is. Someone enlighten me please.
1. Why would tuskys want to take 51% of Nakumatt. What would they gain apart from 51% of a 40 billion of debt? Surely that's like throwing good money after bad? No other investor is willing to to touch them so why Tuskys?
2. Wouldn't it be easier for the owners of Nakumatt to be declared insolvent and wound up? Why are they intent on dragging this charade on? Nakumatt has lost credibility so it's brand is worthless now. Even if things were good and they made 1 billion profit every year, it will take decades to pay its creditors back!

Surely that brand cannot be worthless


Its not worthless,it has a negative value like KQ.
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maka
#565 Posted : Tuesday, October 31, 2017 12:33:36 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
whiteowl wrote:
obiero wrote:
pops wrote:
Still trying to understand what exactly nakumatt strategy is. Someone enlighten me please.
1. Why would tuskys want to take 51% of Nakumatt. What would they gain apart from 51% of a 40 billion of debt? Surely that's like throwing good money after bad? No other investor is willing to to touch them so why Tuskys?
2. Wouldn't it be easier for the owners of Nakumatt to be declared insolvent and wound up? Why are they intent on dragging this charade on? Nakumatt has lost credibility so it's brand is worthless now. Even if things were good and they made 1 billion profit every year, it will take decades to pay its creditors back!

Surely that brand cannot be worthless


Its not worthless,it has a negative value like KQ.


lol....Laughing out loudly Laughing out loudly @ Obiero will eat you alive...KQ is going places.
possunt quia posse videntur
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obiero
#566 Posted : Tuesday, October 31, 2017 12:49:37 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
maka wrote:
whiteowl wrote:
obiero wrote:
pops wrote:
Still trying to understand what exactly nakumatt strategy is. Someone enlighten me please.
1. Why would tuskys want to take 51% of Nakumatt. What would they gain apart from 51% of a 40 billion of debt? Surely that's like throwing good money after bad? No other investor is willing to to touch them so why Tuskys?
2. Wouldn't it be easier for the owners of Nakumatt to be declared insolvent and wound up? Why are they intent on dragging this charade on? Nakumatt has lost credibility so it's brand is worthless now. Even if things were good and they made 1 billion profit every year, it will take decades to pay its creditors back!

Surely that brand cannot be worthless


Its not worthless,it has a negative value like KQ.


lol....Laughing out loudly Laughing out loudly @ Obiero will eat you alive...KQ is going places.

@maka I don’t have time for such characters. the clown clearly hasn’t read project safari circular. KQ is no longer on negative equity

KQ ABP 4.26
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  | | Edit by user: Tuesday, October 31, 2017 12:58 PM | Reason: Not specified
whiteowl
#567 Posted : Tuesday, October 31, 2017 1:11:06 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
obiero wrote:
maka wrote:
whiteowl wrote:
obiero wrote:
pops wrote:
Still trying to understand what exactly nakumatt strategy is. Someone enlighten me please.
1. Why would tuskys want to take 51% of Nakumatt. What would they gain apart from 51% of a 40 billion of debt? Surely that's like throwing good money after bad? No other investor is willing to to touch them so why Tuskys?
2. Wouldn't it be easier for the owners of Nakumatt to be declared insolvent and wound up? Why are they intent on dragging this charade on? Nakumatt has lost credibility so it's brand is worthless now. Even if things were good and they made 1 billion profit every year, it will take decades to pay its creditors back!

Surely that brand cannot be worthless


Its not worthless,it has a negative value like KQ.


lol....Laughing out loudly Laughing out loudly @ Obiero will eat you alive...KQ is going places.

@maka I don’t have time for such characters. the clown clearly hasn’t read project safari circular. KQ is no longer on negative equity


@Obiero You're a good stock analyst except when it come to KQ.Being married to a stock can cloud your judgement.As for the negative equity,not even a miracle can get them out of that blackhole that fast.They have a long way to go.
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obiero
#568 Posted : Tuesday, October 31, 2017 1:25:30 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
whiteowl wrote:
obiero wrote:
maka wrote:
whiteowl wrote:
obiero wrote:
pops wrote:
Still trying to understand what exactly nakumatt strategy is. Someone enlighten me please.
1. Why would tuskys want to take 51% of Nakumatt. What would they gain apart from 51% of a 40 billion of debt? Surely that's like throwing good money after bad? No other investor is willing to to touch them so why Tuskys?
2. Wouldn't it be easier for the owners of Nakumatt to be declared insolvent and wound up? Why are they intent on dragging this charade on? Nakumatt has lost credibility so it's brand is worthless now. Even if things were good and they made 1 billion profit every year, it will take decades to pay its creditors back!

Surely that brand cannot be worthless


Its not worthless,it has a negative value like KQ.


lol....Laughing out loudly Laughing out loudly @ Obiero will eat you alive...KQ is going places.

@maka I don’t have time for such characters. the clown clearly hasn’t read project safari circular. KQ is no longer on negative equity


@Obiero You're a good stock analyst except when it come to KQ.Being married to a stock can cloud your judgement.As for the negative equity,not even a miracle can get them out of that blackhole that fast.They have a long way to go.

@whiteowl please read the entire circular to get an update on why the shares is rallying. or page 17 only incase you need to understand the negative equity effects http://www.winda.co.ke/projectsafari.pdf

KQ ABP 4.26
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  | | Edit by user: Tuesday, October 31, 2017 1:34 PM | Reason: Not specified
Ericsson
#569 Posted : Tuesday, October 31, 2017 2:35:07 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Tuskys purchase of the stake will be through pumping money to pay creditors and suppliers including mall owners and restocking of the branches.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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KulaRaha
#570 Posted : Tuesday, October 31, 2017 2:37:11 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Ericsson wrote:
KulaRaha wrote:
Strategy is to go into administration. That halts them from paying old debts. Then try and restore the business without that burden.

Screw the banks and the suppliers. Banks can claim administration so no need to provide (or cook provisions). Suppliers will write off as cost of doing business.

Accept and move on. Its the Kenyan way...


They are fearing going into oblivion coz all the branches may shut if things continue as they are and the brand erased.
Going into administration is to shield the assets from being attached and sold by the the creditors,give more time to figure out how they can start repaying their debts


I doubt they even care about repaying debts.
Business opportunities are like buses,there's always another one coming
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