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uchumi share price today
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kagazia
#1 Posted : Monday, May 30, 2011 1:00:36 PM
Rank: New-farer

Joined: 5/27/2011
Posts: 21
Location: nairobi
willing to buy @15 anyone selling
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Layman
#2 Posted : Monday, May 30, 2011 1:03:44 PM
Rank: Member

Joined: 9/21/2006
Posts: 422
Location: Nairobi
even if there was somebody selling, would he/she sell to you directly........ put your order at your preferred price through your broker and lets wait for tomorrow....
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Ka-Dry
#3 Posted : Monday, May 30, 2011 1:12:53 PM
Rank: New-farer

Joined: 3/15/2011
Posts: 33
Location: Nairobi
Well answered.
But I think the the price is high
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selah
#4 Posted : Monday, May 30, 2011 1:43:30 PM
Rank: Elder

Joined: 10/13/2009
Posts: 1,950
Location: in kenya
There is a dilution of the share of abt 32.18% due to additional 85.4M share to Govt and debenture holders.

KPMG valued the share and priced them @10/= a share.

The Govt,and 3 other shareholders are the only ones restricted from selling their shares b4 12 months are over.i.e shareholders with more than 2.5% shareholding.

So how did ciano come up with the 17/- price or @kangazia @15 or is this the greater fool theory at work.

'......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Impunity
#5 Posted : Monday, May 30, 2011 1:45:20 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
Waiting for sub 10 to plung in...
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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hello
#6 Posted : Monday, May 30, 2011 2:01:14 PM
Rank: Member

Joined: 6/11/2008
Posts: 257
Impunity wrote:
Waiting for sub 10 to plung in...


I understand Uchumi is not paying tax. Once they start paying tax what will happen? What will happen to profit margin?

Is it a buy?
I want to be a millionaire.
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Apple Bees
#7 Posted : Monday, May 30, 2011 2:37:40 PM
Rank: Member

Joined: 7/5/2008
Posts: 390
Uchumi s NOT a buy. Sadly,when those long suffering shareholders rush to sell their stock tomorrow, the walls of Jericho will come tumbling down. And with the dilution already mentioned above, I doubt if the price will maintain above 12 for the rest of the week.
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Ka-Dry
#8 Posted : Monday, May 30, 2011 2:50:31 PM
Rank: New-farer

Joined: 3/15/2011
Posts: 33
Location: Nairobi
hello wrote:
Impunity wrote:
Waiting for sub 10 to plung in...


I understand Uchumi is not paying tax. Once they start paying tax what will happen? What will happen to profit margin?

Is it a buy?


Retail is a good bet. But probably depends on what level it will start trading. Something in the region of 5-7 would fair
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mkonomtupu
#9 Posted : Monday, May 30, 2011 2:53:23 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
selah wrote:
There is a dilution of the share of abt 32.18% due to additional 85.4M share to Govt and debenture holders.

KPMG valued the share and priced them @10/= a share.

The Govt,and 3 other shareholders are the only ones restricted from selling their shares b4 12 months are over.i.e shareholders with more than 2.5% shareholding.

So how did ciano come up with the 17/- price or @kangazia @15 or is this the greater fool theory at work.



@Selah KPMG valued the share at 12/= and the company decided to discount the price to 10/=. I think the debenture holders should have gone with the wall street maxim "never convert a convertible bond". They will come out worse off unless they can sell at 12/= or higher.

The market can be irrational and it's up to to take advantage of it. If i was to sell you a business with assets of 2.1 billion and capable of generating profit of 244m a year. How much will you pay for it?

@Kangazia is willing to pay 3.9billion at 15/= a share

You have to value the whole company then make a choice whether the individual price per share is worth it.
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the deal
#10 Posted : Monday, May 30, 2011 2:58:32 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Get the real story about Uchumi hereIf NAV was Ksh 13.8 during the 1H of this financial year yes including those 86 Million shares how is Uchumi worth below 1o bob...and the tax credit will only stop when Uchumi produces PAT of 1.9 billion.
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