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Uchumi 1H profits triple
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Sure
#1 Posted : Friday, January 27, 2012 2:51:01 PM
Rank: Member


Joined: 9/9/2010
Posts: 546
Location: Garissa
Profit After tax in 2010 1H 74 million
Profit After tax in 2011 1H 218 million

EPS 2010 1H EPS 0.278
EPS 2011 1H EPS 0.768
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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FUNKY
#2 Posted : Friday, January 27, 2012 2:51:56 PM
Rank: Veteran


Joined: 4/30/2010
Posts: 1,635
Not bad at all.
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Sure
#3 Posted : Friday, January 27, 2012 2:54:25 PM
Rank: Member


Joined: 9/9/2010
Posts: 546
Location: Garissa
Whoever prepared the Report and sent it to NSE seems not to have realized the years in each column are the same. So, my uninformed guess on what was for where.

That fella needs to be fired and sent to look after livestock.
Wisdom to detect when share prices hit rock bottom.
When interest on bonds keep going up, you know the bear run is on high street. When interest on bonds start leveling, the bear has met the bull and they have hit rock bottom. When the interest rates on bonds start coming down, the bull has overpowered the bear and you better be riding the bull.
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Cde Monomotapa
#4 Posted : Friday, January 27, 2012 3:03:30 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
So what's the true position? Heard elsewhere its +64% PAT.
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mkonomtupu
#5 Posted : Friday, January 27, 2012 4:27:57 PM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
good news, I was right on this stock and the good days are yet to come with sales from the new branches
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the deal
#6 Posted : Friday, January 27, 2012 5:31:09 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Good top line growth from Uchumi, expansion is starting to impact revenue although EPS is a paltry Sh0.278, I will post my analysis on my blog.
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the deal
#7 Posted : Friday, January 27, 2012 6:31:48 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Uchumi Half Year Net Profits Surge On Improved Margins

Link http://www.contrarianinv...urge-on-improved-margins
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GGK
#8 Posted : Friday, January 27, 2012 6:42:19 PM
Rank: Member


Joined: 11/21/2006
Posts: 608
Location: Ruiru
Solid performance.
I think its time Uchumi resurrected the expansion strategy. The goodwill is there for them to grow its revenue
"..I am because we are. "― Ubuntu, Umtu,
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cnn
#9 Posted : Friday, January 27, 2012 8:18:45 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,622
car and general pretax up 30%,dividend 55 cents.
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the deal
#10 Posted : Monday, March 05, 2012 10:25:04 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
[quote=the deal]Uchumi Half Year Net Profits Surge On Improved Margins

Link http://www.contrarianinv...rge-on-improved-margins[/quote]

“Locally, Uchumi comes out as the most cost efficient retail chain and has the strongest net profit margin at 3.6 per cent compared to Nakumatt at 0.8 per cent, Tuskys at 1.3 per cent and Naivas at 0.8 per cent,” said the investment banker.

http://www.businessdaily...6/-/h6yntn/-/index.html

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Aguytrying
#11 Posted : Tuesday, March 06, 2012 8:26:33 AM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
'Uchumi has the highest market share, in terms of profitability at 38 percent'. What does that even mean? And can it really be true???
The investor's chief problem - and even his worst enemy - is likely to be himself
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Impunity
#12 Posted : Tuesday, March 06, 2012 8:33:23 AM
Rank: Elder


Joined: 3/2/2009
Posts: 26,330
Location: Masada
the deal wrote:
[quote=the deal]Uchumi Half Year Net Profits Surge On Improved Margins

Link http://www.contrarianinv...rge-on-improved-margins[/quote]

“Locally, Uchumi comes out as the most cost efficient retail chain and has the strongest net profit margin at 3.6 per cent compared to Nakumatt at 0.8 per cent, Tuskys at 1.3 per cent and Naivas at 0.8 per cent,” said the investment banker.

http://www.businessdaily...6/-/h6yntn/-/index.html



So Naivas with its cheaper prices is performing worst!
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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mkonomtupu
#13 Posted : Tuesday, March 06, 2012 11:58:08 AM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
anyone with the full report by kestrel? anyone looking at the east african region in another 5 years must be in retail(especially in Uganda) and a for share below book value this is a good bus to board
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earthvoice
#14 Posted : Tuesday, March 06, 2012 10:20:58 PM
Rank: Member


Joined: 1/29/2011
Posts: 257
"Uchumi shareholders could receive a divided as early as next year as the board of the retail chain moves to discuss sharing the profits with investors after a 10-year freeze."
"It forecasts that the retail chain could pay a dividend of Sh0.50 in 2013 and Sh1 in 2014."

http://www.businessdaily...4/-/rojnbpz/-/index.html
"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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sparkly
#15 Posted : Tuesday, March 06, 2012 10:46:38 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
VituVingiSana wrote:
Gordon Gekko wrote:
Actually @vvs there is such a rule that the chairman and chief executive shouldn't be the same person, I'm just not sure it relates to banks only.

If you recall KCB had major governance issues when they had executive chairmen - Kaminchia et al and CMA introduced the rule to sort out the mess.

Then I have no idea where the issue is... Why hasn't CMA said anything?

It in the CMA guidelines on corporate governance. Why they are not enforcing is the big question.
Life is short. Live passionately.
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VituVingiSana
#16 Posted : Wednesday, March 07, 2012 3:01:33 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
Gordon Gekko wrote:
Actually @vvs there is such a rule that the chairman and chief executive shouldn't be the same person, I'm just not sure it relates to banks only.

If you recall KCB had major governance issues when they had executive chairmen - Kaminchia et al and CMA introduced the rule to sort out the mess.

Then I have no idea where the issue is... Why hasn't CMA said anything?

It in the CMA guidelines on corporate governance. Why they are not enforcing is the big question.
Please post the relevant 'guidelines' for me on here. Also, when were the guidelines published?
*I also think there should be a separation of powers but the question is did KK do anything illegal?*
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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QW25091985
#17 Posted : Wednesday, March 07, 2012 7:21:25 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Jonathan Ciano has really worked this company up !!!
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ngapat
#18 Posted : Thursday, March 08, 2012 11:49:03 AM
Rank: Veteran


Joined: 12/11/2006
Posts: 902
Has touched 9 bob today
“Invest in yourself. Your career is the engine of your wealth.”
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Cde Monomotapa
#19 Posted : Thursday, March 08, 2012 12:51:44 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
ROOOAAR!!!! Oops! Wrong thread smile Laughing out loudly Laughing out loudly Laughing out loudly
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