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Uchumi FY 2013-2014 profit up 7%, dividend of 0.30
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Kingotore
#1 Posted : Monday, September 08, 2014 4:01:20 PM
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Joined: 12/27/2013
Posts: 87
Uchumi post full year profit of 384m after tax .Divided of 0.30 announced. It plan to move some Uganda outlet on poor performance of almost 12% decline.tanzania performance ok.
GOOD TO GREAT. KINGOTORE
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Sober
#2 Posted : Monday, September 08, 2014 4:19:42 PM
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Joined: 11/27/2007
Posts: 3,604
I remember the Uchumi rights issue when the counter was on suspension, they were going for 5/- and when it hit 20.00 the other day i imagined the gains some guys had made. now it seems to be headed that direction ahead of the rights issue that has taken almost half a year with no progress report from the management. In the investment sector no news most times is bad news
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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streetwise
#3 Posted : Monday, September 08, 2014 5:05:39 PM
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Joined: 6/23/2011
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Location: Nairobi
Nowadays whenver I visit Unchumi shops here in Kenya,I find I find it strange that the shelfs are empty. It is even suprinisng they are declaring a profit
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Bozor
#4 Posted : Monday, September 08, 2014 5:38:35 PM
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Joined: 11/23/2013
Posts: 17
I am new to investing. And by the sounds of how Uchumi is dropping I was wondering if here in kenya it is possible for one to put or short a stock. Please reply someone
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Angelica _ann
#5 Posted : Monday, September 08, 2014 7:07:21 PM
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Joined: 12/7/2012
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http://www.businessdaily...6/-/id38oo/-/index.html
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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mlennyma
#6 Posted : Monday, September 08, 2014 7:09:23 PM
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Joined: 7/21/2010
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Location: nairobi
I also noted uchumi chains like taj mall embakasi lacking basic comondities like hostess maize flour,and many others which small kiosks have.
"Don't let the fear of losing be greater than the excitement of winning."
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theking
#7 Posted : Monday, September 08, 2014 7:18:05 PM
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Joined: 1/25/2010
Posts: 344
even uchumi westlands. basics light sunlight powder soap among others lacking. many many empty shelves
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maka
#8 Posted : Tuesday, September 09, 2014 2:06:34 AM
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Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Apart from lacking stuff...most of the outlets look rough,the one at capital centre stinks to high heaven at some of the sections.Bad for,business...
possunt quia posse videntur
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jwatesh
#9 Posted : Tuesday, September 09, 2014 8:01:23 AM
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Joined: 8/19/2014
Posts: 125
The CEO is paid millions every month yet they cant modernize their supermarkets. They all look like Kiosks. They should give me this supermarket to run
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Mainat
#10 Posted : Tuesday, September 09, 2014 8:54:51 AM
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Mzee Ciano amechoka. Let them give it to a young guy who understands ERP
Sehemu ndio nyumba
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a4architect.com
#11 Posted : Tuesday, September 09, 2014 9:15:44 AM
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Joined: 1/4/2010
Posts: 1,668
Location: nairobi
jwatesh wrote:
The CEO is paid millions every month yet they cant modernize their supermarkets. They all look like Kiosks. They should give me this supermarket to run


@jwatesh..true..i think the management doesnt go ito the details of interor and exterior design like other supermarkets do exept for the langata road one which looks well designed. other smaller ones like eastmatt are putting alot of effort in design/branding and over time, will surely wrestle the large players and gain a strong footing.



As Iron Sharpens Iron, So one Man Sharpens Another.
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Mucene
#12 Posted : Tuesday, September 09, 2014 11:52:27 AM
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Joined: 8/4/2012
Posts: 155
Location: Kenya
mlennyma wrote:
I also noted uchumi chains like taj mall embakasi lacking basic comondities like hostess maize flour,and many others which small kiosks have.


[/quote]“Total group sales registered marginal growth… mainly due to the drop during the year in the Uganda subsidiary by 12 per cent,” the Uchumi board members say.

The drop is attributed to competition, supply chain challenges and trouble at some locations “which may lead to our divestiture and relocation in the coming financial year to more promising locations already identified”.[/quote]

They talk of Uganda but could be happening in Kenya too.
If you don't want to go to plan B have a good plan A.
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Aguytrying
#13 Posted : Wednesday, September 10, 2014 2:15:07 AM
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Joined: 7/11/2010
Posts: 5,040
Another gava plagued firm. this is a company on a sharp decline unless management changes.
let's be honest these are just large dirty inspiring kiosks. run with mediocrity I'm surprised they are making profits
The investor's chief problem - and even his worst enemy - is likely to be himself
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littledove
#14 Posted : Friday, September 19, 2014 9:06:07 AM
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Joined: 7/1/2014
Posts: 903
Location: sky

http://www.capitalfm.co.ke/business/2014/09/uchumi-repays-the-sh627bn-loan-from-government/


interesting to note is the following statement by cabinet secretary
"Treasury Cabinet Secretary Henry Rotich says the government will merge government owned companies that have similar roles in bid to enhance efficiency pointing out that they are working on a the legal framework that will facilitate the mergers."

any listed company which is likely to be affected

There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Aguytrying
#15 Posted : Friday, September 19, 2014 9:34:39 AM
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Joined: 7/11/2010
Posts: 5,040
littledove wrote:

http://www.capitalfm.co.ke/business/2014/09/uchumi-repays-the-sh627bn-loan-from-government/


interesting to note is the following statement by cabinet secretary
"Treasury Cabinet Secretary Henry Rotich says the government will merge government owned companies that have similar roles in bid to enhance efficiency pointing out that they are working on a the legal framework that will facilitate the mergers."

any listed company which is likely to be affected



what happens when you merge inefficiency and corruption?? more inefficiency and more loopholes to steal
The investor's chief problem - and even his worst enemy - is likely to be himself
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KNM
#16 Posted : Monday, September 22, 2014 10:11:57 PM
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Joined: 10/28/2008
Posts: 41
Is this house on fire?? Walk into their stores and the shelves are empty hata Blueband. Even the corner shop in my mtaa has Blueband! Brick wall

Now there's talk of taking loans to pay suppliers Sad Pray

Deja vu and flashbacks to a time before suspension from trading.
The crowd will cheer your coronation as well as your beheading. People like a show, that's all.
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littledove
#17 Posted : Wednesday, October 01, 2014 10:08:07 PM
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Joined: 7/1/2014
Posts: 903
Location: sky
highlights of uchumi CEO interview on citizen TV:


uchumi may need only 800m in right issue.
rights 3 for every 8 shares
no takeover plan though many foreign chains have created interest
not exiting Uganda market, exited one branch and opened another.
targets Rwanda market
all debts cleared and suppliers paid
branches fully restocked
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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