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Uchumi HY 2015 results - firmly in loss territory
Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Fetero wrote:Boris Boyka wrote:Uchumi and KQ are veeery similar. They report a small profit signalling recovery suck in sheep/Wanjiku and call for more cash only later report a huuuugeeee loss. Uchumi kq mumias kengen : These are "private developers" eating highways. Take money from them ,losses reported,they authorise gvt bailout and pump un cash. They milk again involving a few shareholders. One has to be a trader to get something here...no investing hapa. Wah! I beg to support your views. These stocks only bend or rise if the one paying the tune is from above. They can surely be Eating schemes!  I'm glad more people see these gv firms for what they really are! only the shareholders in the know will ever benefit in the rise and falls. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 4/23/2014 Posts: 910
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Aguytrying wrote:Fetero wrote:Boris Boyka wrote:Uchumi and KQ are veeery similar. They report a small profit signalling recovery suck in sheep/Wanjiku and call for more cash only later report a huuuugeeee loss. Uchumi kq mumias kengen : These are "private developers" eating highways. Take money from them ,losses reported,they authorise gvt bailout and pump un cash. They milk again involving a few shareholders. One has to be a trader to get something here...no investing hapa. Wah! I beg to support your views. These stocks only bend or rise if the one paying the tune is from above. They can surely be Eating schemes! I'm glad more people see these gv firms for what they really are! only the shareholders in the know will ever benefit in the rise and falls. price of expensive bank loans blah, blah, blah, you should have known other peoples money is not free. At least am not on this ship deep enough to be a main feature on the menu, unlike mumias where am the special offer, this year has started with sadness, sorrow and a cold one to wash them down for me. Lakini moja baridi ni lazima kuwe furaha ama huzuni. http://www.businessdaily...8/-/exoijt/-/index.html
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Member Joined: 10/26/2012 Posts: 136
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Draw parallels between mumias and uchumi this one will need a second bailout . i am OUT even at a loss ill be selling coz they have nothing on the likes of Nakumatt now if Nakumatt ever listed im in. But uchumi bye bye never again. KQ service is at least decent and the new terminal is wow , please maintain it , ive got to see their 1st class lounges. Fuel drop and one sale of land should help KQ but DUMP UCHUMI
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Looking at Uchumi's stock of debt on the balance sheet as at Full Year 2013/14 and H1 2014/15, It reduced by 463M (1,446B-983M) or -32%
If the same can be replicated in H2 by the absolute figure of 463M, then the stock of debt reduces to 520M or -64% YoY
On the cash flow, Uchumi generated 233M in H1 from (4,707M). Excellent turnaround there.
To reduce the debt stock further then Uchumi can continue to combine cash flow, sale of owned plant & equipment especially now that new fittings are on lease finance!
The 2.2B in Investment Property should stay. It can be leveraged on a rainy day or opportunity.
Indeed, Uchumi needs to work on sales. Short term targets for the Income Statement can be simple math; 3 or 4 entries of 250M each and voila!! 488M or 738M PBT.
Hao Carrefour, sijui Carey Francis, #AskTRM
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@mazingara, you're on to something on KQ, however, there is a plane approved for sale instead. Also, EPAs have been signed continent wide, so it's on KQ to allocate itself cargo for those wide bodies to & fro the EU.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:@mazingara, you're on to something on KQ, however, there is a plane approved for sale instead. Also, EPAs have been signed continent wide, so it's on KQ to allocate itself cargo for those wide bodies to & fro the EU. Qantas are now beyond zero, after 4 years: Fuel to bring even better H2 www.cnbc.com/id/102456916
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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I am glad I sat out this Rights Issue. How many read the IM? The "Investment Property" has 3 cases filed by squatters and unless they are removed, nothing can happen on the land. And the Investment Property is the largest chunk of 'real assets' that Uchumi has! Were these accounts qualified? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Quote:JBB together with Goodwill Ltd, an affiliate firm, now hold 15.19 per cent shares with the government owning 14.67 per cent.Sources close to the deal said JBB and other large shareholders are eyeing board positions to give them the ability to implement new growth strategies for Kenya’s oldest chain which has been struggling in an increasingly competitive market.
JBB chief executive Samuel Kimani confirmed the bank’s inroads at Uchumi but declined to give further information on the strategy going forward. “We have bought shares in Uchumi but I cannot give more details because it is a listed company,” Mr Kimani told the Business Daily.  you got to know when to hold them....
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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did they pay the dividend...i have been waiting na sionikwa bank......
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Uchumi just needs to improve its sales per store ratio then things will be fine. As of now the trend in that ratio is pointing south despite opening new stores. This can be done by better site identification and improving customer service. I will never buy Uchumi shares unless I see a reversal in that ratio.
As for Mumias any turnaround will depend on easing of the current global sugar glut. Right now sugar futures are trading at 5 year lows...expect more cheap sugar to be dumped in Kenya.
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Rank: Member Joined: 8/4/2012 Posts: 155 Location: Kenya
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Jamii Bora now the major shareholderHow will the new shareholding structure affect this share? Should we expect Jamii Bora to bring sanity to a board out of ideas?  If you don't want to go to plan B have a good plan A.
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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Hi all. if you read the post no 1,, uchumi had started paying the declared dividends to some people,,,,have they paid other people??? i have not receive my dividends
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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http://www.monitor.co.ug.../-/taw77pz/-/index.html
But are these guys serious?  What are they feeding people? Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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guru267 wrote:http://www.monitor.co.ug/News/National/KCCA-shuts-Uchumi-food-poor-hygiene/-/688334/2651368/-/taw77pz/-/index.html But are these guys serious? What are they feeding people? A difference was made the following day... A speedy response to a city wide concern. Uchumi fast food court back in business http://www.newvision.co....d&utm_medium=twitter
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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This doesn't explain why they had to be closed in the first place nor does it replace the lost business from the customers who were disgusted by this Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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guru267 wrote:This doesn't explain why they had to be closed in the first place nor does it replace the lost business from the customers who were disgusted by this nor does it help with the battered NaiAviationColle reputation. Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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madebe wrote:did they pay the dividend...i have been waiting na sionikwa bank...... In today DN page6 uchumi purport to have paid dividends from 20/4/15 how come I've not seen it via ext? Can someone who has received it hola here or we get the CMA contacts for follow up
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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madebe wrote:madebe wrote:did they pay the dividend...i have been waiting na sionikwa bank...... In today DN page6 uchumi purport to have paid dividends from 20/4/15 how come I've not seen it via ext? Can someone who has received it hola here or we get the CMA contacts for follow up Check SLP
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Rank: Member Joined: 10/7/2010 Posts: 251 Location: nairobi
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Cde Monomotapa wrote:madebe wrote:madebe wrote:did they pay the dividend...i have been waiting na sionikwa bank...... In today DN page6 uchumi purport to have paid dividends from 20/4/15 how come I've not seen it via EFT? Can someone who has received it hola here or we get the CMA contacts for follow up Check SLP Have you received cde? I was in the SLP jana but did not see anything...and why not pay as EFT?
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Uchumi HY 2015 results - firmly in loss territory
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