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Nakumatt to sell stake for expansion.
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selah
#1 Posted : Thursday, August 11, 2011 3:54:07 PM
Rank: Elder


Joined: 10/13/2009
Posts: 1,950
Location: in kenya
Quote:
Kenya's top supermarket chain Nakumatt Holdings wants equity investors to buy nearly half of the retailer next year to help pay for its expansion across east Africa, its managing director said.


http://af.reuters.com/ar...ws/idAFJOE77A0FU20110811
'......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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Cde Monomotapa
#2 Posted : Thursday, August 11, 2011 5:08:11 PM
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Joined: 1/13/2011
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Tesco?
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Elder
#3 Posted : Thursday, August 11, 2011 6:11:57 PM
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Joined: 9/7/2010
Posts: 2,148
Location: elderville
Cde Monomotapa wrote:
Tesco?


Tesco has business in the US and if indeed it is true that Mwau has interest in Nakumatt then that is a deal which wont happen.
He who can express in words the ardour of his love, has but little love to express. - Petrach, Son. (That men by various ways arrive at the same end. - Montaigne, The Essays of.)
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hisah
#4 Posted : Thursday, August 11, 2011 8:13:47 PM
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Joined: 8/4/2010
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Elder wrote:
Cde Monomotapa wrote:
Tesco?


Tesco has business in the US and if indeed it is true that Mwau has interest in Nakumatt then that is a deal which wont happen.

Is this the tesco that had opened a branch in KE some time back in 2008 or 2009 and closed shop with a huff...?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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VituVingiSana
#5 Posted : Thursday, August 11, 2011 8:29:13 PM
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Joined: 1/3/2007
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Location: Nairobi
Probably an equity investor rather than a 'supermarket' chain. Nakumatt is looking for cash to expand not a strategic partner!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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QW25071985
#6 Posted : Thursday, August 11, 2011 8:57:36 PM
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Joined: 3/25/2011
Posts: 946
Whose stake are they selling ? Harun mwau's ? Lol .
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Cde Monomotapa
#7 Posted : Friday, August 12, 2011 6:13:03 AM
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Joined: 1/13/2011
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QW25071985 wrote:
Whose stake are they selling ? Harun mwau's ? Lol .

That's why Obama's govt.has been shaking him down. It's on behalf of Walmart. I am almost 90% sure of that!! #Law, Business & Politics make the world go round.
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QD
#8 Posted : Friday, August 12, 2011 9:51:55 AM
Rank: Member


Joined: 8/5/2009
Posts: 597
But then on an investors perspective will Nakumatt be a best buy given the competition. Seeing that Uchumi has not recovered well. What may be the answer to the following questions

1.What is their competative advantage
2.Does it have continuity if like walmart gains entry to the kenyan market.
The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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Sober
#9 Posted : Friday, August 12, 2011 10:15:37 AM
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Joined: 11/27/2007
Posts: 3,604
@QW, they dont have to sell someone‘s stake. If for instance they have 100m shares (after split of course) they decide to introduce an equal number so that everyones share reduces proportionally.
Considering that no new comer will be able to gather much to give them competition, the line up will pretty remain the same at the top.
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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kiio
#10 Posted : Friday, August 12, 2011 10:55:29 AM
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Joined: 6/22/2010
Posts: 17
Location: rbi
Does Nakumat have a competitive advantage? For now I think YES,offers the middle and upper class some seance of achievement, 'snob appeal' it sustainable? I don't think so! depending on the financial muscles of the new entry, it very easily find itself with empty halls.
“Daring ideas are like chessmen moved forward. They may be beaten, but they may start a winning game.” – Wolfgang Von Goethe .
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