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uchumi rights issue
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Boris Boyka
#61 Posted : Friday, October 31, 2014 4:45:19 PM
Rank: Veteran


Joined: 11/15/2013
Posts: 1,977
Location: Here
mlennyma wrote:
8.50 I will know investors are blind if pple buy this one.

Smart investors only have role models but not mentors because nobody including gurus like
Buffet are perfect in this game. Every successful stock investor has made mistakes at one time or the other,the difference is the impact on their portfolios. investors bought SFCM,MSC,KQ, blind were they? mimi sijui.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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whiteowl
#62 Posted : Friday, October 31, 2014 10:11:18 PM
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mlennyma wrote:
8.50 I will know investors are blind if pple buy this one.

With people buying Olympia, Orchards et al Uchumi becomes a gem and I wouldn't be surprised if it's oversubscribed.
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hisah
#63 Posted : Saturday, November 01, 2014 4:57:03 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
whiteowl wrote:
mlennyma wrote:
8.50 I will know investors are blind if pple buy this one.

With people buying Olympia, Orchards et al Uchumi becomes a gem and I wouldn't be surprised if it's oversubscribed.

Definitely uchumi is a better play vs OCH. But uchumi's rights price being above the market just makes the rights game a bad investment. Why buy the rights at a premier vs the market. If you get diluted by foregoing the rights you can still recover the dilution cheaply from the market...

I expect this rights issue to flop. Big funds will see the market discount.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#64 Posted : Tuesday, November 04, 2014 8:07:57 AM
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Joined: 8/4/2010
Posts: 8,977
Vol spike yesterday slumps the price to the 8/- handle. This slide is getting serious... Discount between rights price (9) and market price (8); bizarre flip over with market being cheaper... A 50% subscription rate will be a gift for this rights issue! Does this rights issue have an underwriter?

NIC rights trading also hinting that once the rights float in the market, 60 and lower price fall is likely.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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littledove
#65 Posted : Tuesday, November 04, 2014 8:27:17 AM
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http://www.businessdailyafrica.com/Corporate-News/Uchumi-acquires-Dar-supermarket-in-growth-drive/-/539550/2509572/-/24g47z/-/index.html
unfortunately they dont know how to time good news
this will have little impact on share price
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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WWW
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instinct
#66 Posted : Tuesday, November 04, 2014 8:28:45 AM
Rank: Member


Joined: 8/17/2007
Posts: 294
Moses Shikokoti • 21 hours ago

Truth Be told You need to do research about uchumi,Uchumi currently has 37 Branches and is opening 6 New branches before Jan 2015 That is 3 New branches in Tz(Moshi Arusha and Dar) and 3 more in kenya(Naivasha,kenyatta University and Diani) so by January 2015 uchumi will have a total of 43 Branches.As for sales,Naivas overtook uchumi in 2012 when uchumi had only 18 Branches and naivas 23 Estabilished branches.(Pls note estabilished)since Naivas does not publish their financial statements it is hard to know if they made a profit or loss.Market leader Nakumatt Lost about 5Bin revenues due to insecurity.Most of uchumi's green field branches are yet to mature and start making profits
Besides that All the 3 "Leading supermarkets" strategy is building their stores close to uchumi and benefiting from there customers base .Uchumi is very resilient,See what happened in westlands Thika road and Burur buru and ngong road branches..you cant do that in US or UK.
about Expansion Uchumi signed an agreement with Tanzania's National Housing corporation to lease all the 10 Malls under construction.(READhttp://www.globalpublisher...
This after it signed a deal with Tanzania's NSSF to lease all its 7 malls in Masaki, Mbagala, Mikocheni, Mbezi, Tabata, Africana and Dar es Salaam’s City Centre and other key towns(READ http://www.ventures-africa.com....
In Rwanda Uchumi is the anchor supermarket of the Biggest shopping mall under construction in eno mohima(CHICK COMPLEX)READ http://focus.rw/wp/2014/04/uch...
and currently 4 stores are under construction in other parts of Rwanda (READhttp://www.theeastafrican.... the loss making Ugandan Unit,uchumi shut loss making branch and is opening two stores soon in mbarara and kampala.In kenya.Uchumi is awaiting completion of malls in nyeri(Madiba mall)K U Thika road(Unicity)Kiambu road near Nakumatt Ridgeways(Ciata city)and Limuru.
Uchumi is also planning a mall next to nakumatt TRM.That stretch of Land from Safaripark to Thika Road mall belongs to Kasarani mall(sister company to uchumi.
Once the green field shops will start making profit uchumi is going to strengthen its operations thro out East Africa.Competition has just started Uchumi is not out yet


http://www.businessdaily.../-/x450qhz/-/index.html

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VituVingiSana
#67 Posted : Tuesday, November 04, 2014 9:00:10 AM
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Joined: 1/3/2007
Posts: 18,121
Location: Nairobi
instinct wrote:
Moses Shikokoti • 21 hours ago

Truth Be told You need to do research about uchumi,Uchumi currently has 37 Branches and is opening 6 New branches before Jan 2015 That is 3 New branches in Tz(Moshi Arusha and Dar) and 3 more in kenya(Naivasha,kenyatta University and Diani) so by January 2015 uchumi will have a total of 43 Branches.As for sales,Naivas overtook uchumi in 2012 when uchumi had only 18 Branches and naivas 23 Estabilished branches.(Pls note estabilished)since Naivas does not publish their financial statements it is hard to know if they made a profit or loss.Market leader Nakumatt Lost about 5Bin revenues due to insecurity.Most of uchumi's green field branches are yet to mature and start making profits
Besides that All the 3 "Leading supermarkets" strategy is building their stores close to uchumi and benefiting from there customers base .Uchumi is very resilient,See what happened in westlands Thika road and Burur buru and ngong road branches..you cant do that in US or UK.
about Expansion Uchumi signed an agreement with Tanzania's National Housing corporation to lease all the 10 Malls under construction.(READhttp://www.globalpublisher...
This after it signed a deal with Tanzania's NSSF to lease all its 7 malls in Masaki, Mbagala, Mikocheni, Mbezi, Tabata, Africana and Dar es Salaam’s City Centre and other key towns(READ http://www.ventures-africa.com....
In Rwanda Uchumi is the anchor supermarket of the Biggest shopping mall under construction in eno mohima(CHICK COMPLEX)READ http://focus.rw/wp/2014/04/uch...
and currently 4 stores are under construction in other parts of Rwanda (READhttp://www.theeastafrican.... the loss making Ugandan Unit,uchumi shut loss making branch and is opening two stores soon in mbarara and kampala.In kenya.Uchumi is awaiting completion of malls in nyeri(Madiba mall)K U Thika road(Unicity)Kiambu road near Nakumatt Ridgeways(Ciata city)and Limuru.
Uchumi is also planning a mall next to nakumatt TRM.That stretch of Land from Safaripark to Thika Road mall belongs to Kasarani mall(sister company to uchumi.
Once the green field shops will start making profit uchumi is going to strengthen its operations thro out East Africa.Competition has just started Uchumi is not out yet


http://www.businessdaily.../-/x450qhz/-/index.html


I can't open all but one link - the Naivas link not linked to expansion. Makes me wonder.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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instinct
#68 Posted : Tuesday, November 04, 2014 9:59:27 AM
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Joined: 8/17/2007
Posts: 294
Check the comments section below the Naivas story on BD. The links cant paste here for some reason
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mkonomtupu
#69 Posted : Tuesday, November 04, 2014 1:56:45 PM
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Joined: 2/10/2010
Posts: 1,001
Location: River Road
The volume on Uchumi is eye-popping 11.59 million. Keeping my eyes open on this one

Gross profit 2.8 billion, market value 2.1 billion
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Aguytrying
#70 Posted : Tuesday, November 04, 2014 2:32:05 PM
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Joined: 7/11/2010
Posts: 5,040
The post above..... Rapid expansion is not = to growth in revenue and profits. I remember the last time uchumi was on a rapid expansion trail way ahead of Nakumatt just before it collapsed. So expansion aint everything
The investor's chief problem - and even his worst enemy - is likely to be himself
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mkonomtupu
#71 Posted : Tuesday, November 04, 2014 2:44:04 PM
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Joined: 2/10/2010
Posts: 1,001
Location: River Road
Any link to IM for the rights issue?

I have seen from the financial statements the value of the two pieces of land were valued at 2.2 billion so Mr. Market is being irrational. Borrowings is about 50% of the value of the properties.

The only issue is with the liquidity but I have seen from the AGM notice that they intend to start issuing bonus issues instead of paying out cash dividends. It seems they replaced the company secretary as well.

Second opinion anyone?
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Pesa Nane
#72 Posted : Sunday, March 29, 2015 2:39:04 PM
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Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#73 Posted : Sunday, March 29, 2015 2:41:21 PM
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Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#74 Posted : Sunday, March 29, 2015 2:43:19 PM
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Pesa Nane plans to be shilingi when he grows up.
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Pesa Nane
#75 Posted : Sunday, March 29, 2015 2:45:26 PM
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Pesa Nane plans to be shilingi when he grows up.
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mkonomtupu
#76 Posted : Monday, March 30, 2015 10:32:59 AM
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Good stuff complimenting what Ciano lacks

@Pesa nane barikiwa for your regular market updates
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