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Nakumatt: Another ailing Kenyan company
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KulaRaha
#621 Posted : Wednesday, January 24, 2018 8:48:03 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Kausha wrote:
Some are too big perhaps probably because of the intrinsic value they pack in the operations. Nakumatt is by far the most agile and bold retailer in the market. It is unlikely the agility and boldness would escape value investors.

Now with the admin in place, watch the reconstruction of the business. Tuskys will probably get involved. I will not be surprised if 12 months from now Nakumatt is firing on majority of the cylinders. Lesson being do not underestimate the life of a Kenyan business....business know their home markets well. Just as you would not wish away America airlines in the US market you can't wish away some of our retailers.


Yeah, and Arsenal will win Champions League this season!

LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL
Business opportunities are like buses,there's always another one coming
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mulla
#622 Posted : Wednesday, January 24, 2018 10:31:44 AM
Rank: Member

Joined: 6/15/2013
Posts: 301
KulaRaha wrote:
Kausha wrote:
Some are too big perhaps probably because of the intrinsic value they pack in the operations. Nakumatt is by far the most agile and bold retailer in the market. It is unlikely the agility and boldness would escape value investors.

Now with the admin in place, watch the reconstruction of the business. Tuskys will probably get involved. I will not be surprised if 12 months from now Nakumatt is firing on majority of the cylinders. Lesson being do not underestimate the life of a Kenyan business....business know their home markets well. Just as you would not wish away America airlines in the US market you can't wish away some of our retailers.


Yeah, and Arsenal will win Champions League this season!

LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL


Nakumatt slept on the job and that space has been and continues to be taken up by the likes of Naivas,Tuskys, newcomers like Quikmart and the giant SA and French retailers. Nakumatt Kwisha...they have already lost the confidence of landlords.
The excuse Nakumatt is using of law on credit lending caps, reduction of consumer spending etc...they shouldn't forget they are playing in the same market as the above players.
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  | | Edit by user: Wednesday, January 24, 2018 10:36 AM | Reason: Not specified
pops
#623 Posted : Wednesday, January 24, 2018 5:28:07 PM
Rank: Member

Joined: 9/13/2006
Posts: 123
Nakumatt = master fraudsters + money launderers! They never had a sustainable business model.
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aemathenge
#624 Posted : Tuesday, February 06, 2018 11:52:47 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
Copy and Paste Extract:

Quote:
Interestingly, Mugweru also claims that Tuskys Supermarket has not made a profit since 2012.

He is of the opinion that Tuskys does not have the ability to pull Nakumatt out of its financial crisis.

Yusuf Mugweru, a shareholder of Tuskys Supermarket with a 17.5 percent stake, has objected to the proposed partnership between Nakumatt and Tuskys through his lawyers.

The objection, which was based on internal wrangles among shareholders, was written to the Competition Authority of Kenya (CAK).


Source Link:
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obiero
#625 Posted : Thursday, February 08, 2018 8:09:20 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,217
Location: nairobi
aemathenge wrote:
Copy and Paste Extract:

Quote:
Interestingly, Mugweru also claims that Tuskys Supermarket has not made a profit since 2012.

He is of the opinion that Tuskys does not have the ability to pull Nakumatt out of its financial crisis.

Yusuf Mugweru, a shareholder of Tuskys Supermarket with a 17.5 percent stake, has objected to the proposed partnership between Nakumatt and Tuskys through his lawyers.

The objection, which was based on internal wrangles among shareholders, was written to the Competition Authority of Kenya (CAK).


Source Link:

Two blind men syndrome

KQ ABP 4.26
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kawi254
#626 Posted : Sunday, April 08, 2018 1:43:53 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
How is Nakumatt still able to sponsor Nakumatt FC in the KPL?
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maka
#627 Posted : Sunday, April 08, 2018 11:07:56 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
kawi254 wrote:
How is Nakumatt still able to sponsor Nakumatt FC in the KPL?


Hakuna kulipwa you play for the love of soccer... I rem at some point AFC used to train at our high school grao... after every training session the players used to line up for cash... Only 1 had a car then... some old school Sub... Kenyan football was/is tough....
possunt quia posse videntur
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hardwood
#628 Posted : Tuesday, April 17, 2018 3:52:58 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Carrefour stores at the Junction and TRM are a huge disappointment. They should pull up their socks and at least meet the standards Nakumatt (in it's heydays) had set in those places i.e stock and ambiance.
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KulaRaha
#629 Posted : Tuesday, April 17, 2018 4:07:58 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
hardwood wrote:
Carrefour stores at the Junction and TRM are a huge disappointment. They should pull up their socks and at least meet the standards Nakumatt (in it's heydays) had set in those places i.e stock and ambiance.


What is disappointing?
Business opportunities are like buses,there's always another one coming
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hardwood
#630 Posted : Tuesday, April 17, 2018 4:17:02 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
KulaRaha wrote:
hardwood wrote:
Carrefour stores at the Junction and TRM are a huge disappointment. They should pull up their socks and at least meet the standards Nakumatt (in it's heydays) had set in those places i.e stock and ambiance.


What is disappointing?


Lacking in stock/variety and ambiance. One would rather shop at the neighborhood kiosk. It makes one miss nakumatt. Makes one realize how world-class nakumatt was.

ION, they are opening at sarit (former uchumi) under the same "partial selling area model" like they did at TRM and Junction. How do you still go "partial" for such a tiny space.
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  | | Edit by user: Tuesday, April 17, 2018 6:08 PM | Reason: Not specified
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