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Uchumi HY 2015 results - firmly in loss territory
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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madebe wrote: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? Last month. Was waiting for EFT too.
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Story in the Dn is informative. I think Ciano is another Titus who has massively overstayed and lacks ideas. Malls take some blame, but so does a lack of strategy Sehemu ndio nyumba
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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In western world , when a CEO leaves a company , they want to leave a good legacy. They fight hard to make sure they leave a solid company.eg Tom Cook apple , bill Gates amongst others.what puzzles me Michael Joseph ( mzungu ) of safaricom in African soil also did the same!!!! But the same African soil our own dark skinned CEOs in Kenya specifically makes sure they leave a company in total ruins where it can't be fixed ... Evans K of sukari Co , titus N of the pride of Africa , DJ CK and this Cianno guy of uchumi supermarkets ,, njoroge wa stima.My big question is , is it the skin color that dictates the legacy we leave behind where white color - leave a good legacy , dark color - chafua beyond repair ??
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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enyands wrote:In western world , when a CEO leaves a company , they want to leave a good legacy. They fight hard to make sure they leave a solid company.eg Tom Cook apple , bill Gates amongst others.what puzzles me Michael Joseph ( mzungu ) of safaricom in African soil also did the same!!!! But the same African soil our own dark skinned CEOs in Kenya specifically makes sure they leave a company in total ruins where it can't be fixed ... Evans K of sukari Co , titus N of the pride of Africa , DJ CK and this Cianno guy of uchumi supermarkets ,, njoroge wa stima.My big question is , is it the skin color that dictates the legacy we leave behind where white color - leave a good legacy , dark color - chafua beyond repair ?? The problem is not skin colour. corruption is left to thrive freely in all those institutions you've mentioned, because of the laxity of the the major shareholder/controlling shareholder. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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Aguytrying wrote:enyands wrote:In western world , when a CEO leaves a company , they want to leave a good legacy. They fight hard to make sure they leave a solid company.eg Tom Cook apple , bill Gates amongst others.what puzzles me Michael Joseph ( mzungu ) of safaricom in African soil also did the same!!!! But the same African soil our own dark skinned CEOs in Kenya specifically makes sure they leave a company in total ruins where it can't be fixed ... Evans K of sukari Co , titus N of the pride of Africa , DJ CK and this Cianno guy of uchumi supermarkets ,, njoroge wa stima.My big question is , is it the skin color that dictates the legacy we leave behind where white color - leave a good legacy , dark color - chafua beyond repair ?? The problem is not skin colour. corruption is left to thrive freely in all those institutions you've mentioned, because of the laxity of the the major shareholder/controlling shareholder. I agree with you but do you kknow corruption in western world is same as Kenya but here is the difference , there they do it legally through terms they call "lobbying " or "kickbacks " but as much as they get this kickbacks they make sure they leave a legacy that their great kids will be proud of .As Africans do we ever care to see how our grand children will live when we gone kama we keep destroying companies like mumias , kq, kplc which would hire them, t .... well I don't think so . I still insist skin color plays at least 25% of legacy we leave behind ...ooh I forgot to add former president of Kenya of 25 yrs to my list of African CEOs who leave a legacy of ruins
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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enyands wrote:Aguytrying wrote:enyands wrote:In western world , when a CEO leaves a company , they want to leave a good legacy. They fight hard to make sure they leave a solid company.eg Tom Cook apple , bill Gates amongst others.what puzzles me Michael Joseph ( mzungu ) of safaricom in African soil also did the same!!!! But the same African soil our own dark skinned CEOs in Kenya specifically makes sure they leave a company in total ruins where it can't be fixed ... Evans K of sukari Co , titus N of the pride of Africa , DJ CK and this Cianno guy of uchumi supermarkets ,, njoroge wa stima.My big question is , is it the skin color that dictates the legacy we leave behind where white color - leave a good legacy , dark color - chafua beyond repair ?? The problem is not skin colour. corruption is left to thrive freely in all those institutions you've mentioned, because of the laxity of the the major shareholder/controlling shareholder. I agree with you but do you kknow corruption in western world is same as Kenya but here is the difference , there they do it legally through terms they call "lobbying " or "kickbacks " but as much as they get this kickbacks they make sure they leave a legacy that their great kids will be proud of .As Africans do we ever care to see how our grand children will live when we gone kama we keep destroying companies like mumias , kq, kplc which would hire them, t .... well I don't think so . I still insist skin color plays at least 25% of legacy we leave behind ...ooh I forgot to add former president of Kenya of 25 yrs to my list of African CEOs who leave a legacy of ruins you have a point on the legacy especially when you look at it from a more national view. On companies, there are many other companies led by kenyans that are doing so well. eg equity bank. which brings me back to the issue of gov control and corruption which is what ails those firms u mentioned The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Uchumi Board terminates contract of CEO Jonathan Ciano and CFO Chadwick Okumu over gross misconduct and negligence Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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That was swift, I doubt it makes life any easier for the troubled retailer "..I am because we are. "― Ubuntu, Umtu,
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Ericsson wrote:Uchumi Board terminates contract of CEO Jonathan Ciano and CFO Chadwick Okumu over gross misconduct and negligence What took them so long  I ended my trade on this counter with a tidy profit. One my best trading counters but with all the empty shelves, low staff morale and shrinkage guess i'm done with this one
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Rank: Veteran Joined: 4/27/2010 Posts: 951 Location: Nyumbani
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enyands wrote:In western world , when a CEO leaves a company , they want to leave a good legacy. They fight hard to make sure they leave a solid company.eg Tom Cook apple , bill Gates amongst others.what puzzles me Michael Joseph ( mzungu ) of safaricom in African soil also did the same!!!! But the same African soil our own dark skinned CEOs in Kenya specifically makes sure they leave a company in total ruins where it can't be fixed ... Evans K of sukari Co , titus N of the pride of Africa , DJ CK and this Cianno guy of uchumi supermarkets ,, njoroge wa stima.My big question is , is it the skin color that dictates the legacy we leave behind where white color - leave a good legacy , dark color - chafua beyond repair ?? There are many companies out here that are led by the white skinned people and they even wind up so i do not hink management and legacy is because of skin color.Look at guys like Martin Oduor of KCB, he left a very good Co.Such guys should be celebrated.But i thought Ciano was a hero some years ago , he revived Uchumi.Read somewhere bibi yake ndio supplier wa fruits Uchumi and the shelves are never dry 
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Over gross misconduct and negligence add gross incompetence
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Wasting shareholders funds;over the past 1 year the company has received the following; ksh.600mn KCB Loan Ksh.450mn from Co-op bank Ksh.895mn rights issue money And the company was looking for of ksh.600mn to pay suppliers. Jameniii Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Not forgetting there was ksh.300mn loan from ICDC Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 10/14/2011 Posts: 661
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Uchumi boss Jonathan Ciano sacked over gross misconduct http://www.nation.co.ke/...6/-/ap2ffez/-/index.html
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Rank: Member Joined: 2/9/2012 Posts: 576
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Sometimes back I met him at Naivasha in the company of a colleague (a very fly mama)who is married and he was 'spoiling'her. Africa belongs to Africans.
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Rank: Hello Joined: 6/5/2015 Posts: 9
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[quote=Thiong'o]Uchumi boss Jonathan Ciano sacked over gross misconduct http://www.nation.co.ke/.../-/ap2ffez/-/index.html[/quote] hero to villain
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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wazuaguest wrote:Sometimes back I met him at Naivasha in the company of a colleague (a very fly mama)who is married and he was 'spoiling'her. on a soft note,this is his private life unless you are a complainant complaining at the wrong place. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Ericsson wrote:Wasting shareholders funds;over the past 1 year the company has received the following;
ksh.600mn KCB Loan
Ksh.450mn from Co-op bank
Ksh.895mn rights issue money
And the company was looking for of ksh.600mn to pay suppliers.
Jameniii Over expanding led to the issues with Uchumi, too many outlets it became very difficult to manage and maintain a standard. "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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Rank: Veteran Joined: 8/16/2009 Posts: 994
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murchr wrote:Ericsson wrote:Wasting shareholders funds;over the past 1 year the company has received the following;
ksh.600mn KCB Loan
Ksh.450mn from Co-op bank
Ksh.895mn rights issue money
And the company was looking for of ksh.600mn to pay suppliers.
Jameniii Over expanding led to the issues with Uchumi, too many outlets it became very difficult to manage and maintain a standard. My assumption would be that hizo 895M "zimekulwo zikaisha". Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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Rank: Elder Joined: 6/23/2009 Posts: 13,549 Location: nairobi
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wazuaguest wrote:Sometimes back I met him at Naivasha in the company of a colleague (a very fly mama)who is married and he was 'spoiling'her. I met him in Kisumu under similar circumstances
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Uchumi HY 2015 results - firmly in loss territory
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