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Uchumi taking off
Rank: Member Joined: 3/26/2012 Posts: 830
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In its report about uchumi,the govt said it was holding on in order to reap dividends...i wouldnt be surprised if they announce a dividend since the govt is a major shareholder...i think this is what is pushing the price up...a paltry dividend or zero dividend will see the price dip A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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http://www.businessdaily...0/-/tl0yu4z/-/index.htmlA bad day fishing is better than a good day at work
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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S.Mutaga III wrote:StatMeister wrote:Up 4.7% in 2 days, but i don't know what this stock means to me. I have shares from 2005, 2006, 2011 (debenture), 2012 - mixed grill prices. Not sure whether am up or down, am just holding on ''NOT SURE WHETHER AM UP OR DOWN''....whenever a trader/investor utters such comments,i begin to get worried...you wonder what their motives were while buying...if they dont know how much they have earned or lost. He isn't alone. I also got some pre-suspension shares and took part in 2005 rights. Not sure if am in profits but holding on. Life is short. Live passionately.
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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sparkly wrote:S.Mutaga III wrote:StatMeister wrote:Up 4.7% in 2 days, but i don't know what this stock means to me. I have shares from 2005, 2006, 2011 (debenture), 2012 - mixed grill prices. Not sure whether am up or down, am just holding on ''NOT SURE WHETHER AM UP OR DOWN''....whenever a trader/investor utters such comments,i begin to get worried...you wonder what their motives were while buying...if they dont know how much they have earned or lost. He isn't alone. I also got some pre-suspension shares and took part in 2005 rights. Not sure if am in profits but holding on. This bus is in a hurry to go gomewhere A bad day fishing is better than a good day at work
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Uchumi Supermarket has reported a 21.7 per cent drop in before tax profit. The retail chain on Tuesday said before tax profit stood at Sh403 million in the year to June compared to Sh515 million a year earlier. The firm did not declare a dividend, but analysts report developed with the input of the management indicate that Uchumi is likely to pay a dividend next year. http://www.businessdaily.../-/x4auy1z/-/index.html
GOD BLESS YOUR LIFE
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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youcan'tstopusnow wrote:Uchumi Supermarket has reported a 21.7 per cent drop in before tax profit. The retail chain on Tuesday said before tax profit stood at Sh403 million in the year to June compared to Sh515 million a year earlier. The firm did not declare a dividend, but analysts report developed with the input of the management indicate that Uchumi is likely to pay a dividend next year. http://www.businessdaily.../-/x4auy1z/-/index.html
I'm looking at today's paper and the board has recommended for approval a first and final dividend of 0.30 per share. Register will be closed on 8 Jan. 2013
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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Someone post a rink the results A bad day fishing is better than a good day at work
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Rank: Member Joined: 6/4/2008 Posts: 345
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Div? "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Nope!! Mark 12:29
Deuteronomy 4:16
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Rank: Member Joined: 6/4/2008 Posts: 345
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Dividend is KES 0.30 a share payable on Thursday February 28th 2013. See at the bottom PDF named: -YEAR END RESULTS 30TH JUNE 2012.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Dividend - KES 0.30 per share. .... Paying dividend yet their accumulated losses now stand at KES 392,653,000
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Recomendation...over valued.sell,sell "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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BD grossly mis-reported on Uchumi. Very disappointed (again).
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:BD grossly mis-reported on Uchumi. Very disappointed (again).  GOD BLESS YOUR LIFE
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Uchumi share is holding so well so far. "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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mlennyma wrote:Uchumi share is holding so well so far. 
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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mwekez@ji wrote:Dividend - KES 0.30 per share. .... Paying dividend yet their accumulated losses now stand at KES 392,653,000
Things are not that bad. The gross profit actually grew by almost 900 Million but was eaten up by operational costs (Please read opening of 5 new branches = investment) ASK concludes :The Expansion has crimped Profits a Little but looking through the Headline Numbers This is a Company that has been tidied up, rehabilitated, resurrected and repositioned for Growth.They also have unhindered Access to the Capital Markets unlike Nakumatt who have Challenges in that Regard. Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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@Pesa Nane, we have no doubt that the top line will grow again this financial year by about 30% to KES 18 B Link on top line growth projectionHowever, if in the latest financial year the bottom line declined by 30% because of opening 6 new branches, what will happen in this financial year where they plan to open 12 new branches
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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mwekez@ji wrote:Dividend - KES 0.30 per share. .... Paying dividend yet their accumulated losses now stand at KES 392,653,000
There are no accumulated losses, in fact they have reserves of KES1.3bn. What has made Uchumi not to pay dividends is not the accumulated losses but the cash position, as at end of June they had overdrafts of Kes437M. Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Uchumi taking off
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