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Uchumi 2011Results
Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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It has recorded a PAT of 390,425/= from 865,099/= last yr '......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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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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Is it going back to the ditch?..whats this p.a.t?is this ka-thing not tax exempt due to its weak muscles? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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mlennyma wrote:Is it going back to the ditch?..whats this p.a.t?is this ka-thing not tax exempt due to its weak muscles? Actually its PBT has gone up by about 15% i.e from 433,192/= to 514,833/= The reason for the drop in PAT is the absence of tax credits which the company enjoyed last yr. '......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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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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The share seems to be responding "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Have a look @ the state of the balance sheet, look @ the remaining term loans. Look at the commentary as to how much they settled in term loans. Look at the state of finance costs on the P&L and u might get why the mkt is cheering Uchumi.  i'm so jazzd!!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Uchumi Supermarket reports FY11 EPS down 69.4%y/y to KES 1.47. Uchumi, recently relisted supermarket chain, has posted an 18.8% growth in before tax profits backed by a 12.8% increase in total net sales to KES 10.8bn and a 96.5% drop in finance costs to KES 3.6m after the company settled term loans principal of KES 126m during the year. Whereas the company posted top line growth, tax credit in the previous years and the issue of 85m additional shares for balance sheet restructuring led to a decline in EPS. As a result, net profits after tax declined 54.9% to KES 390m while EPS dropped 69.4%y/y to KES 1.47. The performance came ahead of our expectations and the company now trades at a PE of x5.37 at KES 7.90. No dividend was declared. The company’s share price has declined 13.2% over the past month and 45.5% since relisting on 31 May 2011. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:Have a look @ the state of the balance sheet, look @ the remaining term loans. Look at the commentary as to how much they settled in term loans. Look at the state of finance costs on the P&L and u might get why the mkt is cheering Uchumi. i'm so jazzd!! WOOHOOO!!
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Rank: User Joined: 8/29/2011 Posts: 1,045 Location: Mtaani
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Cde Monomotapa wrote:Cde Monomotapa wrote:Have a look @ the state of the balance sheet, look @ the remaining term loans. Look at the commentary as to how much they settled in term loans. Look at the state of finance costs on the P&L and u might get why the mkt is cheering Uchumi. i'm so jazzd!! WOOHOOO!! i hope you know how to cut your excitment short, dnt you , lol
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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this is good, at least i bought a good company at the right price and with Dar-es-salaam hyper and Gulu coming up, finance costs down the future looks bright. Mr. Market gives it a valuation of 2.1billion and what a good time to get a bigger stake
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Rank: Member Joined: 7/12/2011 Posts: 194
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Reserves now sit at Kshs. 952 Million up 49%. At 30th June 2009, reserves were at negative Kshs. 1.1 Billion, this showing how far the company has come in the past 2 years Term loans decreased to Kshs. 183 Million from Kshs. 320 Million. For the complete review, check out my blog. LINK: UCHUMI FULL YEAR 2010/2011 REVIEW
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Rank: Member Joined: 7/12/2011 Posts: 194
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Plus Uchumi has yet to appoint an independent chairman
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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I have not seen the Uchumi numbers but top line growth at 15% is not specutacular...it must have been the inflation monster which slowed them down...the company need to sought out its governance issues I.e appointment of an independent chairman before I touch it again.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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QW25081985 wrote:Cde Monomotapa wrote:Cde Monomotapa wrote:Have a look @ the state of the balance sheet, look @ the remaining term loans. Look at the commentary as to how much they settled in term loans. Look at the state of finance costs on the P&L and u might get why the mkt is cheering Uchumi. i'm so jazzd!! WOOHOOO!! i hope you know how to cut your excitment short, dnt you , lol Why? Yet I own the casino that U gamble and lose in
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:..the company need to sought out its governance issues I.e appointment of an independent chairman before I touch it again. Sour grape comment from a customer of the casino.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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The very SAME individual has no issues being a holder of KK yet JS is both Group Chair AND CEO. Nkt!
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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Cde Monomotapa wrote:The very SAME individual has no issues being a holder of KK yet JS is both Group Chair AND CEO. Nkt! The chap is right. CMA wants an INDEPENDENT Chairman NOT related (or appointed by) to any of the Majority/Large/Influential Shareholders so no-one from the government or its entities. KK - Segman is an employee not related to any of the large shareholders per CMA's rules (as I understand them). I am sure if the CEO & Chairman posts could not be combined the CMA would have come out & said so. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: New-farer Joined: 5/31/2011 Posts: 54
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From a lay-mans point of thought Uchumi is just about to redeem itself, but from this thread I guess I will have to wait and see!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Cde Monomotapa wrote:The very SAME individual has no issues being a holder of KK yet JS is both Group Chair AND CEO. Nkt! Its just business nothing personal
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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VituVingiSana wrote:Cde Monomotapa wrote:The very SAME individual has no issues being a holder of KK yet JS is both Group Chair AND CEO. Nkt! The chap is right. CMA wants an INDEPENDENT Chairman NOT related (or appointed by) to any of the Majority/Large/Influential Shareholders so no-one from the government or its entities. KK - Segman is an employee not related to any of the large shareholders per CMA's rules (as I understand them). I am sure if the CEO & Chairman posts could not be combined the CMA would have come out & said so. 'Total Man' is all I can say. Let's not pretend, making money has never known ethics GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/3/2007 Posts: 18,223 Location: Nairobi
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youcan'tstopusnow wrote:VituVingiSana wrote:Cde Monomotapa wrote:The very SAME individual has no issues being a holder of KK yet JS is both Group Chair AND CEO. Nkt! The chap is right. CMA wants an INDEPENDENT Chairman NOT related (or appointed by) to any of the Majority/Large/Influential Shareholders so no-one from the government or its entities. KK - Segman is an employee not related to any of the large shareholders per CMA's rules (as I understand them). I am sure if the CEO & Chairman posts could not be combined the CMA would have come out & said so. 'Total Man' is all I can say. Let's not pretend, making money has never known ethics well, its legit money at the moment & I am all in for the ride! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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