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Uchumi - A value play?
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madebe
#41 Posted : Tuesday, November 11, 2014 8:12:31 AM
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Joined: 10/7/2010
Posts: 251
Location: nairobi
in their IM, uchumi talks only about KCB and ICDC loan.

So do they have a Coop Bank Loan

http://www.businessdaily...26/-/pj3nht/-/index.html
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Cde Monomotapa
#42 Posted : Tuesday, November 11, 2014 8:50:16 AM
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Joined: 1/13/2011
Posts: 5,964
[quote=madebe]in their IM, uchumi talks only about KCB and ICDC loan.

So do they have a Coop Bank Loan

http://www.businessdaily...6/-/pj3nht/-/index.html[/quote]

The 'loan' from Coop 'is asset-buyback' (thus, Uchumi uses less of it's own cash on fittings. Frees cash/flow. Pay slowly, slowly - like ART) . Leverage as a whole is explained toward the end of this video. https://www.youtube.com/...d&utm_medium=twitter
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madebe
#43 Posted : Tuesday, November 11, 2014 10:42:19 AM
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Location: nairobi
i have listened to the tape. it is still a material issue and should have been in the IM
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Cde Monomotapa
#44 Posted : Tuesday, November 11, 2014 11:13:26 AM
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madebe wrote:
i have listened to the tape. it is still a material issue and should have been in the IM


Interesting. We probably need an accountant here since the fittings will remain Coop's property until after 5 years.

Probably, we'll get to know more as the expansion proceeds. In terms of draw-down of the facility.
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Ericsson
#45 Posted : Tuesday, November 11, 2014 11:30:59 AM
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Joined: 12/4/2009
Posts: 10,684
Location: NAIROBI
The deal maybe wasn't concluded as they couldn't agree on the terms and conditions of the loan.
The article in business daily was a reporter reporting on a deal that had yet to be concluded and deal signed.
So in this case the coop loan maybe non-existent.
Same case with Sony sugar and co-operative bank loan deal that sony opted for the gava (Kenya sugar board)
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Cde Monomotapa
#46 Posted : Tuesday, November 11, 2014 12:10:48 PM
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@Ericsson, @all There are some answers here. M'boss anasema iko kitu...

http://www.standardmedia...-for-drop-in-share-price
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Ericsson
#47 Posted : Tuesday, November 11, 2014 12:40:31 PM
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Joined: 12/4/2009
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Location: NAIROBI
@CdeMonomotapa;
“We also have asset financing, which has been taken by Co-op Bank in the region of Sh500 million worth of assets. I’m renting their equipment; to me, this is not debt.”
Read more at: http://www.standardmedia...-in-share-price?pageNo=6
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Angelica _ann
#48 Posted : Tuesday, November 11, 2014 2:55:04 PM
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Joined: 12/7/2012
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Investors keep off Uchumi rights as market price falls..........

http://www.businessdaily...2/-/gk2qmvz/-/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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mkonomtupu
#49 Posted : Tuesday, November 11, 2014 3:37:40 PM
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Joined: 2/10/2010
Posts: 1,001
Location: River Road
I hope this bus can remain at the stage as I begin to move from the money market
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sparkly
#50 Posted : Tuesday, November 11, 2014 10:38:53 PM
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Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
[quote=Ericsson]@CdeMonomotapa;
“We also have asset financing, which has been taken by Co-op Bank in the region of Sh500 million worth of assets. I’m renting their equipment; to me, this is not debt.”
Read more at: http://www.standardmedia...in-share-price?pageNo=6[/quote]

Debt by any other name is debt. JC is just trying to confuse us. Its like saying that a mortgage is not debt, you are just renting the house from the bank!
Life is short. Live passionately.
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Gordon Gekko
#51 Posted : Wednesday, November 12, 2014 4:02:34 PM
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Joined: 5/27/2008
Posts: 3,760
mkonomtupu wrote:
I hope this bus can remain at the stage as I begin to move from the money market

Shilling is under pressure, CBK might increase interest rates to attract forex and relieve pressure. So why do you want to leave mm now?
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mkonomtupu
#52 Posted : Wednesday, November 12, 2014 4:38:53 PM
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Joined: 2/10/2010
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Location: River Road
Gordon Gekko wrote:
mkonomtupu wrote:
I hope this bus can remain at the stage as I begin to move from the money market

Shilling is under pressure, CBK might increase interest rates to attract forex and relieve pressure. So why do you want to leave mm now?



Money market has gone above 55% of my portfolio need to reduce it to 35%. I'm currently looking for beaten down stocks that can give 3-5% dividend yield and capital gains or 7-10% which is equal to the mm yield
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mlennyma
#53 Posted : Wednesday, November 12, 2014 5:11:44 PM
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Joined: 7/21/2010
Posts: 6,183
Location: nairobi
On the negative side I think the capital gains tax is going to wipe out this small marginal gains on equities completely because the minimum tax plus other commissions could be as high as 7% plus
"Don't let the fear of losing be greater than the excitement of winning."
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Mukiri
#54 Posted : Wednesday, November 12, 2014 6:09:51 PM
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Joined: 7/11/2012
Posts: 5,222
Gordon Gekko wrote:
mkonomtupu wrote:
I hope this bus can remain at the stage as I begin to move from the money market

Shilling is under pressure, CBK might increase interest rates to attract forex and relieve pressure. So why do you want to leave mm now?

Is there anyone in the know about Dollar(Forex) Fixed Deposits, offered by any bank?

Proverbs 19:21
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mkonomtupu
#55 Posted : Thursday, November 13, 2014 1:59:45 PM
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Today is another day of scooping these shares.

Uchumi shareholders asanteni
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mkonomtupu
#56 Posted : Friday, November 14, 2014 10:44:58 AM
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Location: River Road
i feel like a mad man here but hell who cares uchumi now at 9.20/=
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jerry
#57 Posted : Friday, November 14, 2014 12:13:02 PM
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Joined: 9/29/2006
Posts: 2,570
mkonomtupu wrote:
i feel like a mad man here but hell who cares uchumi now at 9.20/=

Is there anything fundamentally wrong with Carbacid that can support the decline of price to 20/=?
The opposite of courage is not cowardice, it's conformity.
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whiteowl
#58 Posted : Friday, November 14, 2014 3:09:57 PM
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Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Mukiri wrote:
Gordon Gekko wrote:
mkonomtupu wrote:
I hope this bus can remain at the stage as I begin to move from the money market

Shilling is under pressure, CBK might increase interest rates to attract forex and relieve pressure. So why do you want to leave mm now?

Is there anyone in the know about Dollar(Forex) Fixed Deposits, offered by any bank?

This https://www.imbank.com/accounts/fixed-deposits/ but I've never used it.
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lochaz-index
#59 Posted : Friday, November 14, 2014 3:12:10 PM
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Joined: 9/18/2014
Posts: 1,127
jerry wrote:
mkonomtupu wrote:
i feel like a mad man here but hell who cares uchumi now at 9.20/=

Is there anything fundamentally wrong with Carbacid that can support the decline of price to 20/=?


Fundamentally no cause for worry. Its just a post split hangover like others which have been down that path.
The main purpose of the stock market is to make fools of as many people as possible.
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whiteowl
#60 Posted : Friday, November 14, 2014 3:12:42 PM
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Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
jerry wrote:
mkonomtupu wrote:
i feel like a mad man here but hell who cares uchumi now at 9.20/=

Is there anything fundamentally wrong with Carbacid that can support the decline of price to 20/=?

Some analysts here in Wazua and elsewhere pegged the fair price at 18-22 when it was at 40s
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