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uchumi rights issue
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heri
#1 Posted : Thursday, January 10, 2013 4:01:54 PM
Rank: Member


Joined: 9/14/2011
Posts: 834
Location: nairobi
I need your help guys

Does it make sense to buy Uchumi at the current price primarily to allow me participate in the upcoming rights issue?

I ask because most rights issue in 2012 turned to be very profitable for shareholders

i have in mind the banks especially like DTB, NIC etc which i particapted in

i had some sh 150k that i wanted to buy KCB but with price going up am thinking of putting that cash in Uchumi and then particpate in the rights issue
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Aguytrying
#2 Posted : Thursday, January 10, 2013 5:09:45 PM
Rank: Elder


Joined: 7/11/2010
Posts: 5,040
heri wrote:
I need your help guys

Does it make sense to buy Uchumi at the current price primarily to allow me participate in the upcoming rights issue?

I ask because most rights issue in 2012 turned to be very profitable for shareholders

i have in mind the banks especially like DTB, NIC etc which i particapted in

i had some sh 150k that i wanted to buy KCB but with price going up am thinking of putting that cash in Uchumi and then particpate in the rights issue


NO.

Anyway, Uchumi is overvalued and the new shares will dilute EPS further making even more over valued. i dont see the protits comparable to NIC/ DTB. Think more in the lines of KQ. a NO from me.
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#3 Posted : Friday, January 11, 2013 12:13:41 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
heri wrote:
I need your help guys

Does it make sense to buy Uchumi at the current price primarily to allow me participate in the upcoming rights issue?

I ask because most rights issue in 2012 turned to be very profitable for shareholders

i have in mind the banks especially like DTB, NIC etc which i particapted in

i had some sh 150k that i wanted to buy KCB but with price going up am thinking of putting that cash in Uchumi and then particpate in the rights issue

KQ flunked. SCBK, DTB & NIC were sold at huge discounts. All 3 are banks.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#4 Posted : Thursday, July 04, 2013 9:32:04 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Uchumi gets 300m loan facility from ICDC.
GOD BLESS YOUR LIFE
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ekahindi
#5 Posted : Friday, July 05, 2013 7:25:41 AM
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Joined: 5/8/2011
Posts: 45
Rink??
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youcan'tstopusnow
#6 Posted : Friday, July 05, 2013 9:52:32 AM
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Joined: 3/24/2010
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Location: Black Africa
ekahindi wrote:
Rink??

Was in the news jana.
GOD BLESS YOUR LIFE
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mwekez@ji
#7 Posted : Friday, July 05, 2013 12:16:20 PM
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Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
Uchumi gets 300m loan facility from ICDC.


USD¿ KES. ;-)

... nway, uchumi still need the cKES 2B
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youcan'tstopusnow
#8 Posted : Friday, July 05, 2013 12:55:19 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwekez@ji wrote:
youcan'tstopusnow wrote:
Uchumi gets 300m loan facility from ICDC.


USD¿ KES. ;-)

... nway, uchumi still need the cKES 2B

KES - ''to be used in expansion''
GOD BLESS YOUR LIFE
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mwekez@ji
#9 Posted : Friday, July 05, 2013 1:04:17 PM
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Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
mwekez@ji wrote:
youcan'tstopusnow wrote:
Uchumi gets 300m loan facility from ICDC.


USD¿ KES. ;-)

... nway, uchumi still need the cKES 2B

KES - ''to be used in expansion''

;-)
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mwekez@ji
#10 Posted : Wednesday, September 04, 2013 11:46:40 PM
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Joined: 5/31/2011
Posts: 5,121
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mkonomtupu
#11 Posted : Thursday, September 05, 2013 10:53:38 AM
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Joined: 2/10/2010
Posts: 1,001
Location: River Road
looking at that chart gives me sweet memories, i will start mobilizing funds for the rights issue
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Kalameni
#12 Posted : Thursday, September 05, 2013 11:35:39 AM
Rank: New-farer


Joined: 9/20/2010
Posts: 79
Probably kes 15-17 would be da probable price.would buy a few shares nd now nd await the finer details of pricing,ratio of awarding the rights,the nse index position nd price of the stock come nov to make my move.
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Aguytrying
#13 Posted : Thursday, September 05, 2013 11:39:27 AM
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Joined: 7/11/2010
Posts: 5,040
mkonomtupu wrote:
looking at that chart gives me sweet memories, i will start mobilizing funds for the rights issue


I'm appalled by the state of their supermarkets. They cant compete with nakumatt, they need to maintain and improve their facilities. Unless their target are ppl who do not care about that which i doubt.
Nakumatt prestige for example looks better with time.
If they do not improve their image, infrastructure and facilties, they cant attract the kind of customers that are needed to make them grow properly. The recovery phase has gone well, now i think its time to grow. end rant.

The company is doing well so, theres cash to be made, but what's their aim? to be one of the market leaders or just a chain of over-glorified kiosks. ok that last one was low even for my standards. I just feel they have potential to be better and more
The investor's chief problem - and even his worst enemy - is likely to be himself
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mkonomtupu
#14 Posted : Thursday, September 05, 2013 12:20:00 PM
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Joined: 2/10/2010
Posts: 1,001
Location: River Road
Aguytrying wrote:
mkonomtupu wrote:
looking at that chart gives me sweet memories, i will start mobilizing funds for the rights issue


I'm appalled by the state of their supermarkets. They cant compete with nakumatt, they need to maintain and improve their facilities. Unless their target are ppl who do not care about that which i doubt.
Nakumatt prestige for example looks better with time.
If they do not improve their image, infrastructure and facilties, they cant attract the kind of customers that are needed to make them grow properly. The recovery phase has gone well, now i think its time to grow. end rant.

The company is doing well so, theres cash to be made, but what's their aim? to be one of the market leaders or just a chain of over-glorified kiosks. ok that last one was low even for my standards. I just feel they have potential to be better and more


I'm also very conflicted about uchumi, some of their stores look drab but if they get the strategy right they have good potential that's why i think it's good to participate in the rights issue it may be the funding for the growth phase.
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murchr
#15 Posted : Friday, June 06, 2014 3:58:10 AM
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Joined: 2/26/2012
Posts: 15,980
Uchumi postpones rights issue as share hits two-year low
http://www.businessdaily...2/-/11gba7a/-/index.html
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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streetwise
#16 Posted : Friday, June 06, 2014 8:58:00 AM
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Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
When i visit thier stores i do not get the confidence to invest with them. dirt, rusted trolley, alot of items no on thier shelves. Unless the make money in another way how do I know they are doing fine this way as an investor.
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Akenyan2014
#17 Posted : Friday, June 06, 2014 10:06:24 AM
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Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
Exiting Shareholders doing what they know best: bringing down their companies' value by panic selling. Even when SAFCOM was @2.8 some thought is should come further down to 0.sth
Wazua, At what price will UCHM bottom? Am having some appetite for this stock against my wish to reduce stocks with gok holding.
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hisah
#18 Posted : Friday, June 06, 2014 12:52:37 PM
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Joined: 8/4/2010
Posts: 8,977
Akenyan2014 wrote:
Exiting Shareholders doing what they know best: bringing down their companies' value by panic selling. Even when SAFCOM was @2.8 some thought is should come further down to 0.sth
Wazua, At what price will UCHM bottom? Am having some appetite for this stock against my wish to reduce stocks with gok holding.

Inflation is slowly creeping up. Consumer stocks feel the heat first. Caution with this one.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mwekez@ji
#19 Posted : Tuesday, July 29, 2014 4:15:42 PM
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Joined: 5/31/2011
Posts: 5,121
Treasury pledge to take up Uchumi shares unlocks issue

“We are now ready to proceed with the rights issue whose timetable should be out in a week or two,” Mr Ciano told the Business Daily.

http://www.businessdailyafrica....8/-/akl7ubz/-/index.html

Coming at a time when bear has camped at counter. They lost a good opportunity when it was at c20/-
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Hiddendollar stock master
#20 Posted : Tuesday, July 29, 2014 4:39:02 PM
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Joined: 7/29/2014
Posts: 1
At the current price the right issue should be below 8bob for it to attract investors.
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