Uchumi will be subjected to the same measures as an IPO for it to return to the bourse. That means, it must make a profit consistenctly for 3 yrs (Someone correct me if am wrong on the 3 yrs). So far, they have done slightly over two yrs. So, expect them back after they announce their end yr financial results.
By the way, Uchumi is out of liquidation but am not sure they cleared their loans from KCB and PTA banks.
Give Uchumi another two yrs before they pay a dividend.
A sinking company has to re-capitalize to initial capital if things turn north before paying out a dividend.
I usually see Uchumi shares with nostalgia cauze a picked over 40,000 rights shares at 10 bob and within two weeks sold at 15 bob. I was in the meeting at Mayfair where Murigu was addressing Uchumi suppliers convincing them to take up the rights they had been offered using the credit owed to them by Uchumi.
"Yuo take up the rights which you don't pay for, sell within weeks, and bolt. You fail to pick the rights, Uchumi goes under, you go home empti handed".
As an old dog at the bourse, I took the opportunity and made a killing, then flew to Shocking Asia.
Go overdrive in purchasing the goods when there's blood on the streets, expecially if the blood is your own