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Uchumi - A value play?
FUNKY
#421 Posted : Monday, October 14, 2019 7:55:10 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,540
Ericsson
#422 Posted : Monday, October 14, 2019 8:18:24 AM
Rank: Elder


Joined: 12/4/2009
Posts: 7,593
Location: NAIROBI
[quote=FUNKY]And now this

https://www.businessdail...10014-jd9o4q/index.html[/quote]

Not yet put under administration.
This one if you have ksh.100mn you can buy it 100% and delist it
mlennyma
#423 Posted : Monday, October 14, 2019 9:24:31 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,996
Location: nairobi
Ericsson wrote:
[quote=FUNKY]And now this

https://www.businessdail...10014-jd9o4q/index.html[/quote]

Not yet put under administration.
This one if you have ksh.100mn you can buy it 100% and delist it

Will stay in I.C.U for along time with death being the highest possibility
"Don't let the fear of losing be greater than the excitement of winning."
FUNKY
#424 Posted : Monday, October 14, 2019 9:44:53 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,540
mlennyma wrote:
Ericsson wrote:
[quote=FUNKY]And now this

https://www.businessdail...10014-jd9o4q/index.html[/quote]

Not yet put under administration.
This one if you have ksh.100mn you can buy it 100% and delist it

Will stay in I.C.U for along time with death being the highest possibility


Once they get the money from the sale of their land then the story will change
mlennyma
#425 Posted : Monday, October 14, 2019 10:23:33 AM
Rank: Elder


Joined: 7/21/2010
Posts: 5,996
Location: nairobi
FUNKY wrote:
mlennyma wrote:
Ericsson wrote:
[quote=FUNKY]And now this

https://www.businessdail...10014-jd9o4q/index.html[/quote]

Not yet put under administration.
This one if you have ksh.100mn you can buy it 100% and delist it

Will stay in I.C.U for along time with death being the highest possibility


Once they get the money from the sale of their land then the story will change

the land price is way below their debt and the business has lost customers with rent and salaries to settle,it's however good for those who like betting.
"Don't let the fear of losing be greater than the excitement of winning."
FUNKY
#426 Posted : Monday, October 14, 2019 10:50:50 AM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,540
mlennyma wrote:
FUNKY wrote:
mlennyma wrote:
Ericsson wrote:
[quote=FUNKY]And now this

https://www.businessdail...10014-jd9o4q/index.html[/quote]

Not yet put under administration.
This one if you have ksh.100mn you can buy it 100% and delist it

Will stay in I.C.U for along time with death being the highest possibility


Once they get the money from the sale of their land then the story will change

the land price is way below their debt and the business has lost customers with rent and salaries to settle,it's however good for those who like betting.


Once they re stock fully I am sure customers will come back.
KaunganaDoDo
#427 Posted : Monday, October 14, 2019 11:49:38 AM
Rank: Member


Joined: 8/6/2018
Posts: 187
[quote=FUNKY]And now this

https://www.businessdail...10014-jd9o4q/index.html[/quote]

This is Githeri Media at its best....UChumi suppliers Reject debt cut....blablabla.....Business Daily iko na fake Financial Journalists....The suppliers all agreed to the debt restructuring.....the only party that remained was KCB,GoK,ICDC and UBA bank..secured lenders...not suppliers. Its these secured lenders that were given 30 days from September 28 to engage with Uchumi on the way forward....
obiero
#428 Posted : Tuesday, October 15, 2019 12:19:10 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,358
Location: nairobi
KaunganaDoDo wrote:
[quote=FUNKY]And now this

https://www.businessdail...10014-jd9o4q/index.html[/quote]

This is Githeri Media at its best....UChumi suppliers Reject debt cut....blablabla.....Business Daily iko na fake Financial Journalists....The suppliers all agreed to the debt restructuring.....the only party that remained was KCB,GoK,ICDC and UBA bank..secured lenders...not suppliers. Its these secured lenders that were given 30 days from September 28 to engage with Uchumi on the way forward....

In African culture, the deceased are let to rest. No need discussing past memories constantly
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 221,100 ABP 12.68
VituVingiSana
#429 Posted : Tuesday, October 15, 2019 7:42:34 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,498
Location: Nairobi
obiero wrote:
KaunganaDoDo wrote:
[quote=FUNKY]And now this

https://www.businessdail...10014-jd9o4q/index.html[/quote]

This is Githeri Media at its best....UChumi suppliers Reject debt cut....blablabla.....Business Daily iko na fake Financial Journalists....The suppliers all agreed to the debt restructuring.....the only party that remained was KCB,GoK,ICDC and UBA bank..secured lenders...not suppliers. Its these secured lenders that were given 30 days from September 28 to engage with Uchumi on the way forward....

In African culture, the deceased are let to rest. No need discussing past memories constantly
What about those slowly dying from a terminal illness?
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#430 Posted : Tuesday, October 15, 2019 8:16:48 PM
Rank: Elder


Joined: 6/23/2009
Posts: 12,358
Location: nairobi
VituVingiSana wrote:
obiero wrote:
KaunganaDoDo wrote:
[quote=FUNKY]And now this

https://www.businessdail...10014-jd9o4q/index.html[/quote]

This is Githeri Media at its best....UChumi suppliers Reject debt cut....blablabla.....Business Daily iko na fake Financial Journalists....The suppliers all agreed to the debt restructuring.....the only party that remained was KCB,GoK,ICDC and UBA bank..secured lenders...not suppliers. Its these secured lenders that were given 30 days from September 28 to engage with Uchumi on the way forward....

In African culture, the deceased are let to rest. No need discussing past memories constantly
What about those slowly dying from a terminal illness?

Diligent prayer
COOP 5,500 ABP12.6; HF 2,000 ABP 5.90; KCB 7,500 ABP 36; KNRE 100,000 ABP 2.90; KQ 221,100 ABP 12.68
VituVingiSana
#431 Posted : Tuesday, October 15, 2019 10:09:35 PM
Rank: Chief


Joined: 1/3/2007
Posts: 16,498
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
obiero wrote:
KaunganaDoDo wrote:
[quote=FUNKY]And now this

https://www.businessdail...10014-jd9o4q/index.html[/quote]

This is Githeri Media at its best....UChumi suppliers Reject debt cut....blablabla.....Business Daily iko na fake Financial Journalists....The suppliers all agreed to the debt restructuring.....the only party that remained was KCB,GoK,ICDC and UBA bank..secured lenders...not suppliers. Its these secured lenders that were given 30 days from September 28 to engage with Uchumi on the way forward....

In African culture, the deceased are let to rest. No need discussing past memories constantly
What about those slowly dying from a terminal illness?

Diligent prayer
Laughing out loudly I am glad I get dividends from my core investees.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
HaMaina
#432 Posted : Thursday, October 31, 2019 12:40:39 PM
Rank: Member


Joined: 4/23/2014
Posts: 662
[quote=FUNKY]And now this

https://www.businessdail...10014-jd9o4q/index.html[/quote]

Those 30 days are over, with no info.
“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
mlennyma
#433 Posted : Thursday, October 31, 2019 12:44:22 PM
Rank: Elder


Joined: 7/21/2010
Posts: 5,996
Location: nairobi
HaMaina wrote:
[quote=FUNKY]And now this

https://www.businessdail...10014-jd9o4q/index.html[/quote]

Those 30 days are over, with no info.

don't mention uchumi and KQ ,they might halt the on going rally.
"Don't let the fear of losing be greater than the excitement of winning."
HaMaina
#434 Posted : Friday, November 08, 2019 11:01:12 AM
Rank: Member


Joined: 4/23/2014
Posts: 662
Court Grants Troubled Uchumi 30 Day Extension To Hold Talks With Creditors
“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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