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Uchumi taking off
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QW25091985
#121 Posted : Monday, May 21, 2012 3:24:24 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
No no no no no no ! There's something wrong here.
No retracement no profit taking no nothing .
This is unhealthy euphoria . Beaware folks .
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QW25091985
#122 Posted : Monday, May 21, 2012 3:28:44 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood

Healthy stocks just dnt rally in a straight line. I think its wise to take some profits if you have them before they vanish .
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  | | Edit by user: Monday, May 21, 2012 3:30 PM | Reason: Not specified
mkonomtupu
#123 Posted : Monday, May 21, 2012 3:43:25 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
mkonomtupu wrote:
Aguytrying wrote:
ngapat wrote:
those who bought @6.50 are up almost 100%. I bought @ 8.00 and I'm tempted to take profits before they vanish as they usually do


But its hard to sell right?

What is causing this share to rally so hard? it very intersting, its headed to 13.00 now demand at 12.35


uchumi has very few fans on wazua imagine if it was KK rallying from 6.50 to 12 but anyway pesa ni pesa my capital gains is around 0.5m on this one. The rally is caused by the small float only 265m shares mostly held by suppliers who are keen to increase and hold their stake. GoK is also keeping everyone guessing on whether it will sell its stake to a suitor plus hints from the CEO on many interested buyers. Total of 5 branches in UG soon with oil production soon to start retail is the first sector to gain. Remember in 2007 when kenyan economy grew by 7% retail sector turnover more than doubled. Nakumatt turnover when from 8b to 20b http://allafrica.com/stories/200705300057.html
If that repeats again very soon then with the most efficient chain the figures look really good. My two cents on this share is hold and hold so long as it continues to be well run



QW, Massmart holdings the south africa retailer has P/E of 34
Pick n Pay stores has a P/E of 32. Going with that uchumi could very well go upto 30/= (market value of 7.9 billion). My advise above still stands hold and hold.
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hisah
#124 Posted : Tuesday, May 22, 2012 8:01:02 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
This thing has rallied like all the other retail chains are going bankrupt. Is that Tuskys case that bad?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Sufficiently Philanga....thropic
#125 Posted : Tuesday, May 22, 2012 8:06:22 AM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Time to harvest!
@SufficientlyP
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Kaffir
#126 Posted : Tuesday, May 22, 2012 8:35:25 AM
Rank: Member

Joined: 5/8/2008
Posts: 77
No harvesting.. Just hang in there. Demand is still very strong for the share. Many profit takers have exited (price pauses at 9, 12, 14.5, 16 shs), but the strong demand has made their exit inconsequential. trailing PE is still about 12, and is expected to announce very good results. Its criminal for a fundamentally-driven investor not to hold this share!
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mlennyma
#127 Posted : Tuesday, May 22, 2012 9:07:02 AM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
From 6.50 uchumi will rally 300% today if it touches 19.50
"Don't let the fear of losing be greater than the excitement of winning."
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Impunity
#128 Posted : Tuesday, May 22, 2012 1:38:29 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
mlennyma wrote:
From 6.50 uchumi will rally 300% today if it touches 19.50


This is phenomenal.
Chiano for president.
smile smile
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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QW25091985
#129 Posted : Tuesday, May 22, 2012 2:06:41 PM
Rank: User

Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Parabolic rallies are very dangerous and show an exaustion of the rally.
Uchumi has definatly done a parabolic rally.
Even with strong fundermentals stocks do do parabolic rallies and they come crushing down. And is somebody noting the decrease in vol . ?
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guru267
#130 Posted : Tuesday, May 22, 2012 2:09:35 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
QW25091985 wrote:
Parabolic rallies are very dangerous and show an exaustion of the rally.
Uchumi has definatly done a parabolic rally.
Even with strong fundermentals stocks do do parabolic rallies and they come crushing down. And is somebody noting the decrease in vol . ?


Check what has been happening to retail stocks in south africa... You will find that the uchumi rally has just began..
Mark 12:29
Deuteronomy 4:16
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