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Uchumi re-listed 5Bob
Rank: Elder Joined: 2/10/2007 Posts: 1,587
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I expected the Lang'ata branch near Wislon to be operating up to late hours, but they close at around 9 pm. I think we are yet to be fully 24-hour country.
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Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi
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http://www.nation.co.ke/...28/-/ipfpz/-/index.html
The smaller stores [which sell stuff you need immediately] will remain open. Makes sense... You don't go shopping for Beds at midnight but you do for beer, vodka & Sodas... The area around Lifestyle is becoming shady [well, K-Street has been like that for ages. Ask the MPs] & I think the parking lot was being used for more than parking cars... ;-) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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However the building that houses Lifestyle is owned by NSSF and I hear they will put at least 30 storeys on it. If the user is a combination of offices and apartments, then that could redefine Lifestyle.
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Nakumatt lifestyle to open 7am to 10pm and also Junction 6pm-12pm. Nakumatt eldoret remains 24 hour operational. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Gordon Gekko wrote:However the building that houses Lifestyle is owned by NSSF and I hear they will put at least 30 storeys on it. If the user is a combination of offices and apartments, then that could redefine Lifestyle. that is very true, when the foundation was done that was put into consideration and when the client gets money more of the upper floors will be done. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:I think the parking lot was being used for more than parking cars... ;-)  GOD BLESS YOUR LIFE
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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youcan'tstopusnow wrote:VituVingiSana wrote:I think the parking lot was being used for more than parking cars... ;-) Lord Almighty, you mean you can land a plane in an basement parking??? Must be VSTOL (Very Short Take Off and Landing)
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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Gordon Gekko wrote:youcan'tstopusnow wrote:VituVingiSana wrote:I think the parking lot was being used for more than parking cars... ;-) Lord Almighty, you mean you can land a plane in an basement parking??? Must be VSTOL (Very Short Take Off and Landing) How do u land in a car the size of Vitz?  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Veteran Joined: 5/18/2008 Posts: 796
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VituVingiSana wrote: Makes sense... You don't go shopping for Beds at midnight but you do for beer, vodka & Sodas...
True.. unfortunately, with Mututho, there's no money to be made from this.. The branch that got burnt used to have long queues on Friday nights from 11 P.m.
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Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi
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mozenrat wrote:VituVingiSana wrote: Makes sense... You don't go shopping for Beds at midnight but you do for beer, vodka & Sodas...
True.. unfortunately, with Mututho, there's no money to be made from this.. The branch that got burnt used to have long queues on Friday nights from 11 P.m. Not that I go shopping for beer at midnight nowadays! I do shop late at night at certain times. Why? Just being busy or I am coming home late & I need stuff. Typically, prepared foods! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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@vvs, why would you be doing processed/prepared foods and there's a missus at home? I'm sure you can work the microwave if you don't want to wake her up 
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Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi
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Gordon Gekko wrote:@vvs, why would you be doing processed/prepared foods and there's a missus at home? I'm sure you can work the microwave if you don't want to wake her up Hah... I am not discussing my private life here... Who knows who reads these posts! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Sober wrote:Gordon Gekko wrote:However the building that houses Lifestyle is owned by NSSF and I hear they will put at least 30 storeys on it. If the user is a combination of offices and apartments, then that could redefine Lifestyle. that is very true, when the foundation was done that was put into consideration and when the client gets money more of the upper floors will be done. Nssf was prevented from putting up the rest of the floors by the RBA laws and regulations of 1997. Nssf was not allowed to have more than 30% invested in real estate. Nssf could not finish the building and was even forced to sell some of its properties. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi
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sparkly wrote:Sober wrote:Gordon Gekko wrote:However the building that houses Lifestyle is owned by NSSF and I hear they will put at least 30 storeys on it. If the user is a combination of offices and apartments, then that could redefine Lifestyle. that is very true, when the foundation was done that was put into consideration and when the client gets money more of the upper floors will be done. Nssf was prevented from putting up the rest of the floors by the RBA laws and regulations of 1997. Nssf was not allowed to have more than 30% invested in real estate. Nssf could not finish the building and was even forced to sell some of its properties. RBA should have told NSSF, do not buy new properties instead of forcing them to sell good properties... Anyway, hopefully NSSF can build it OR partner with good/'claen' asset managers & developers to build the 30 stories! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/24/2009 Posts: 112
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Surealligator wrote:Wendz]I have no appetite for this one..... at least not in the near future. Quote:
@Wendz
If you are still in the soko, then don't hesitate to buy Pan Africa Insurance Holding. Won't you?
@Wendz, did you buy Pan Africa? The signature of God runs in all things. Only fools fail to see it and believe in Him. However, others see it even where non exists - now you see where the false pastor comes in.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Is there a chance that Jan Mohammed was brought to the board to be the 'independent' chairman? Is there any rule against a serving chief executive in a listed firm being a chairman of another listed firm?
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Supermarket sales volumes 2009(us $m) No. of outlets
Nakumatt 363 29
Tuskys 231 25
Uchumi 132 17
Naivas 69 13
Chandarana 12.5 6
source: US Foreign Agricultural Service assessment of commodity and trade issues
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Very crude mathematics. The average sell for each store are as follows:
Nakumatt 363/29 = 12.5
Tuskys 231/25 = 9.2
Uchumi 132/17 = 7.8
Naivas 69/13 = 5.3
Chandarana 12.5/6 = 2.1
Nakumatt is light years ahead, means either the stores are very well located or there is advantage in economies of scale.
Tuskys looks quite disappointing.
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Uchumi re-listed 5Bob
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