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uchumi share price today
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kagazia
#1 Posted : Monday, May 30, 2011 1:00:36 PM
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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
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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
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Joined: 3/15/2011
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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
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Joined: 10/13/2009
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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: 26,328
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
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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
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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
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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
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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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2012
#11 Posted : Monday, May 30, 2011 4:16:18 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
SALE • SALE • SALE
50% OFF!
WAS 14/- NOW 7/-

BBI will solve it :)
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bartum
#12 Posted : Monday, May 30, 2011 4:24:11 PM
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Joined: 8/11/2010
Posts: 1,011
Location: nairobi
2012 wrote:
SALE • SALE • SALE
50% OFF!
WAS 14/- NOW 7/-

kali sana hiyo
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yekeyeke
#13 Posted : Monday, May 30, 2011 5:09:01 PM
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Joined: 6/4/2008
Posts: 345
Should trade between 25 and 30 bob

http://www.capitalfm.co....hares-listing-6125.html

Currently estimated to be worth Sh17.20 per share, many stock market analysts believe that it has a lot of potential to gain significant ground given the great turnaround and the strong fundamentals of the firm that a few years ago had collapsed under a heap of debt.

The Kenya Association of Stockbrokers and Investment Banks Chairman Michael Gichohi told Capital Business that if all the attained growth and its prospects are factored, then the share should not trade below Sh25.

He foresaw it stabilising at Sh28 in the next three to six months and affirmed Mr Ciano's advice that shareholders should not dispose them.

Further, Mr Gichohi who's also Suntra Investment’s Managing Director said the lifting of the Uchumi share suspension will stimulate the equities market, whose activity has been quiet.

"This is a major turnaround because investors are going to see that you can get a company out of receivership back into profitability and then back to the stock exchange. That will bring people to start looking for opportunities to more into such a company," Mr Gichohi said.
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DtheK
#14 Posted : Monday, May 30, 2011 5:35:37 PM
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Joined: 2/15/2010
Posts: 133
Location: Kenya
This Mr.Gichohi seems like the wrong fellow to listen to.A high price for uchumi shares is good for him cause as a broker he gets paid on a commission so the more he convinces people uchumi is worth more the more he makes anyway hio 28 yake tutaona
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PKoli
#15 Posted : Monday, May 30, 2011 5:37:14 PM
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Joined: 2/10/2007
Posts: 1,587
@Bartum,

Are you having any Uchumi shares? I cannot tell how the market will react to this stock.
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PKoli
#16 Posted : Monday, May 30, 2011 5:50:39 PM
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Joined: 2/10/2007
Posts: 1,587
@yekeyeke,

Why would the market pay such a huge premium for Uchumi. What is expected annual growth for the company in the next 5 years?
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GGK
#17 Posted : Monday, May 30, 2011 6:04:51 PM
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Joined: 11/21/2006
Posts: 608
Location: Ruiru
Probably a good stock.
I agree with Ciano ... shareholders should hold on.
For vultures out there, at between 5/= and 10/= isnt a bad deal
"..I am because we are. "― Ubuntu, Umtu,
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QW25071985
#18 Posted : Monday, May 30, 2011 6:14:34 PM
Rank: Veteran


Joined: 3/25/2011
Posts: 946
People you need to be aware of the prevailing market mood.We are in a sideways/bear market.Which investors will poor money to pump the price of this stock ????
and that fact in itself calls for a massive price fall as those wanting so badly to be out of the stock cannt get people to buy and push the price futhure down to find willing buyers.I am sure there will be ignorant shareholders there who dnt even know about its eps, p/e and what have you.
For me i think there'll be heavy selling...thats for sure.Guys want out of this thing just like safaricom and thats a very nice ingredient for the price to collapse..as for a rally to ksh 28.00 as projected . Not this year...
Its gud guys that you give it time to find its direction and then buy in.
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Aguytrying
#19 Posted : Monday, May 30, 2011 6:31:58 PM
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Joined: 7/11/2010
Posts: 5,040
I just love how the market ends up proving everyone wrong. Its just tomorrow, tugange yajayo
The investor's chief problem - and even his worst enemy - is likely to be himself
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Cde Monomotapa
#20 Posted : Monday, May 30, 2011 6:58:03 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
2012 wrote:
SALE • SALE • SALE
50% OFF!
WAS 14/- NOW 7/-

I like! smile smile
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