This is wishful thinking.

You cannot make that conclusion by simply observing the prices on its shelves.... Serena is one of the most expensive hotels in Nairobi, but that doesn't make TPS unstable!
Look at the B/S then make your judgement.

Well my blog http://contrarianinvestingkenya.blogspot.com will carry a research report on Uchumi's return and the tough road ahead...for starters NAV is Ksh 5.

http://www.capitalfm.co....-Uchumi-case-12914.html


Now that Kirubi and his co-accused have been acquitted I guess it's time Uchumi moved on.

Is there a relationship between the re listing and the court case being thrown out.

I was a voyager on SS Uchumi when it sunk, and am not bailing out when its resurfacing for the following reasons:

- There will be a shortage of tradable shares (total minus top 10 minus those not under CDS). Of these, not everyone will be selling

- This stock is sitting in w/o for most, no need for panic-selling

- Pre-receivership Uchumi was worth 14.5, why should profitable uchumi be worth less? The stock can be treated as a growth stock by the more patient, hence PV of future cash flows is much higher than current price

There are more value stocks in the nse which are not trial and error...to hell with uchumi

@deal, good job at your analysis though I think it could have been better. It leaves me, a layman, more confused than informed. For starters, what is 'NET AVERAGE VALUE'

It might open high because of excitement but it will not close the week above 8/- My reasons:

- Increase of number of shares from 180m to over 250m
- Offloading by annoyed investors who's monies have been locked up in this prison till now.
- Low confidence from new investors making it a speculative counter.

Btw, who are the new/current Directors?