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Uchumi - A value play?
Rank: New-farer Joined: 2/8/2018 Posts: 73
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Guys, stop wasting your time, this thing is dead, get the 35 cents use it for Christmas.
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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Kenyan court allows Uchumi Supermarkets to present a second voluntary arrangement to creditors. If creditors reject Uchumi's proposal again, matter will go into full hearing on April 8 -- Bloomberg Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/6/2018 Posts: 292
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Ericsson wrote:Kenyan court allows Uchumi Supermarkets to present a second voluntary arrangement to creditors. If creditors reject Uchumi's proposal again, matter will go into full hearing on April 8 -- Bloomberg 10Million Shares change hands...the highest in 10 years
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Rank: Elder Joined: 12/4/2009 Posts: 10,639 Location: NAIROBI
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KaunganaDoDo wrote:Ericsson wrote:Kenyan court allows Uchumi Supermarkets to present a second voluntary arrangement to creditors. If creditors reject Uchumi's proposal again, matter will go into full hearing on April 8 -- Bloomberg 10Million Shares change hands...the highest in 10 years Shareholding changes Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Heavy trading on uchumi shares today also
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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FUNKY wrote:Heavy trading on uchumi shares today also vultures usually scramble for a carcass. Towards the goal of financial freedom
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Rank: Veteran Joined: 4/23/2014 Posts: 903
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Ebenyo wrote:FUNKY wrote:Heavy trading on uchumi shares today also vultures usually scramble for a carcass. I've also never heard of a vulture that died of hunger. They must be doing something right. “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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Rank: New-farer Joined: 1/4/2019 Posts: 69 Location: Nairobi
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... this thing is still listed! For those still actively trading here, give us a good show
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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I have a feeling like naivas took over all the remaining 6 nakumatt branches something similar might be in the offing for uchumi....these are just my two cents I can be wrong also!
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Rank: Member Joined: 8/6/2018 Posts: 292
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FUNKY wrote:I have a feeling like naivas took over all the remaining 6 nakumatt branches something similar might be in the offing for uchumi....these are just my two cents I can be wrong also! False Rumours...Uchumi has secured creditors restructuring...People have been saying so for the last 2 years, but see, its still around...and those that doesnt do research will continue making such promulgation, but Uchumi will not be folding up anytime soon...
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Rank: Member Joined: 11/10/2010 Posts: 281 Location: Nairobi
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KaunganaDoDo wrote:FUNKY wrote:I have a feeling like naivas took over all the remaining 6 nakumatt branches something similar might be in the offing for uchumi....these are just my two cents I can be wrong also! False Rumours...Uchumi has secured creditors restructuring...People have been saying so for the last 2 years, but see, its still around...and those that doesnt do research will continue making such promulgation, but Uchumi will not be folding up anytime soon... Uchumi still around as a going concern or as wishful thinking ?
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Rank: Member Joined: 8/6/2018 Posts: 292
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madhaquer wrote:KaunganaDoDo wrote:FUNKY wrote:I have a feeling like naivas took over all the remaining 6 nakumatt branches something similar might be in the offing for uchumi....these are just my two cents I can be wrong also! False Rumours...Uchumi has secured creditors restructuring...People have been saying so for the last 2 years, but see, its still around...and those that doesnt do research will continue making such promulgation, but Uchumi will not be folding up anytime soon... Uchumi still around as a going concern or as wishful thinking ? If it has survived the last 3 years, then it is a going Concern....Nakumatt, Choppies et al have died ...This one is still with suppliers' goodwill....It can only die when it dies. Going concern is as a result of creditors action in the next trading period, which to Uchumi are positives...
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Rank: New-farer Joined: 2/8/2018 Posts: 73
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Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public.
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Rank: Member Joined: 8/6/2018 Posts: 292
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RIEK01 wrote:Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public. Please dont go away, You will be reminded of this when time comes. How can it die 5 times? it died in 2015, it died in 2016, it died in 2017, it died in 2018, it died in 2019? surely , one person can not die this quite often?
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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KaunganaDoDo wrote:RIEK01 wrote:Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public. Please dont go away, You will be reminded of this when time comes. How can it die 5 times? it died in 2015, it died in 2016, it died in 2017, it died in 2018, it died in 2019? surely , one person can not die this quite often? GoK firms die a hard stubborn death. Look at EAPCC, MSC, NBK, KENRE, KQ
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,054 Location: Nairobi
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obiero wrote:KaunganaDoDo wrote:RIEK01 wrote:Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public. Please dont go away, You will be reminded of this when time comes. How can it die 5 times? it died in 2015, it died in 2016, it died in 2017, it died in 2018, it died in 2019? surely , one person can not die this quite often? GoK firms die a hard stubborn death. Look at EAPCC, MSC, NBK, KENRE, KQ  Profit after Profit after Profit  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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VituVingiSana wrote:obiero wrote:KaunganaDoDo wrote:RIEK01 wrote:Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public. Please dont go away, You will be reminded of this when time comes. How can it die 5 times? it died in 2015, it died in 2016, it died in 2017, it died in 2018, it died in 2019? surely , one person can not die this quite often? GoK firms die a hard stubborn death. Look at EAPCC, MSC, NBK, KENRE, KQ Profit after Profit after Profit Why would Kenya Re be in that list? 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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Rank: Elder Joined: 6/23/2009 Posts: 13,475 Location: nairobi
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Angelica _ann wrote:VituVingiSana wrote:obiero wrote:KaunganaDoDo wrote:RIEK01 wrote:Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public. Please dont go away, You will be reminded of this when time comes. How can it die 5 times? it died in 2015, it died in 2016, it died in 2017, it died in 2018, it died in 2019? surely , one person can not die this quite often? GoK firms die a hard stubborn death. Look at EAPCC, MSC, NBK, KENRE, KQ Profit after Profit after Profit Why would Kenya Re be in that list? I had missed Chief. Isnt it obvious
HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Rank: Veteran Joined: 4/4/2016 Posts: 1,996 Location: Kitale
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obiero wrote:KaunganaDoDo wrote:RIEK01 wrote:Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public. Please dont go away, You will be reminded of this when time comes. How can it die 5 times? it died in 2015, it died in 2016, it died in 2017, it died in 2018, it died in 2019? surely , one person can not die this quite often? GoK firms die a hard stubborn death. Look at EAPCC, MSC, NBK, KENRE, KQ NBK has been bought by kcb group.Now stable. Towards the goal of financial freedom
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