Wazua
»
Investor
»
Stocks
»
Uchumi - A value play?
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
maka wrote:VituVingiSana wrote:mlennyma wrote:And this banks really know where to fish,but my surprise is how wazuans here are able to see ceo's running down companies earlier than the boards. Wazuans are consumers of the products & services. When we see dirty supermarkets without products... we know other customers do too... and shop at Nakumatt or Tuskys. When we experience petrol stock-outs at KK or Total... we know other customers do too... and fuel at Shell. When we experience flight delays on KQ... we know other customers do too... and fly with 540 or Ethiopian. So true... so so true. And in uchumi's case we couldn't give management the benefit of doubt. we just doubted The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Member Joined: 2/18/2011 Posts: 448
|
Aguytrying wrote:maka wrote:VituVingiSana wrote:mlennyma wrote:And this banks really know where to fish,but my surprise is how wazuans here are able to see ceo's running down companies earlier than the boards. Wazuans are consumers of the products & services. When we see dirty supermarkets without products... we know other customers do too... and shop at Nakumatt or Tuskys. When we experience petrol stock-outs at KK or Total... we know other customers do too... and fuel at Shell. When we experience flight delays on KQ... we know other customers do too... and fly with 540 or Ethiopian. So true... so so true. And in uchumi's case we couldn't give management the benefit of doubt. we just doubted @VVS umenena. If one cannot buy a mere newspaper at Uchumi then what should you expect of other things. Is uchumi still the largest mpesa dealer?
|
|
|
Rank: Elder Joined: 2/16/2007 Posts: 2,114
|
mibbz wrote:Aguytrying wrote:maka wrote:VituVingiSana wrote:mlennyma wrote:And this banks really know where to fish,but my surprise is how wazuans here are able to see ceo's running down companies earlier than the boards. Wazuans are consumers of the products & services. When we see dirty supermarkets without products... we know other customers do too... and shop at Nakumatt or Tuskys. When we experience petrol stock-outs at KK or Total... we know other customers do too... and fuel at Shell. When we experience flight delays on KQ... we know other customers do too... and fly with 540 or Ethiopian. So true... so so true. And in uchumi's case we couldn't give management the benefit of doubt. we just doubted @VVS umenena. If one cannot buy a mere newspaper at Uchumi then what should you expect of other things. Is uchumi still the largest mpesa dealer? And I suppose this is a good case of fundamental analysis..
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
|
Chaka wrote:mibbz wrote:Aguytrying wrote:maka wrote:VituVingiSana wrote:mlennyma wrote:And this banks really know where to fish,but my surprise is how wazuans here are able to see ceo's running down companies earlier than the boards. Wazuans are consumers of the products & services. When we see dirty supermarkets without products... we know other customers do too... and shop at Nakumatt or Tuskys. When we experience petrol stock-outs at KK or Total... we know other customers do too... and fuel at Shell. When we experience flight delays on KQ... we know other customers do too... and fly with 540 or Ethiopian. So true... so so true. And in uchumi's case we couldn't give management the benefit of doubt. we just doubted @VVS umenena. If one cannot buy a mere newspaper at Uchumi then what should you expect of other things. Is uchumi still the largest mpesa dealer? And I suppose this is a good case of fundamental analysis.. KQs flight delays are not directly attributable to the CEO or board of that firm. Immoral staff can sabotage even the best of companies, including Safaricom which recently had to release Peter Arina and Pauline Warui.. Safaricom!
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Elder Joined: 5/27/2008 Posts: 3,760
|
@obiero, I think that's a sad statement you've made. Immoral staff are immoral because they know they can be so and get away with it. If there's a CEO who can't condone staff immorality and comes down on the affected staff like a ton of bricks, then the staff watanyoroka haraka sana.
To be fair to Ngunze, I suspect the union and pilots association are so entrenched that staff can do whatever and get away with it - ditto Kenya Ports, Teachers. So how do you fix it? The politicians can, but they are feeding on lease payments from the SPVs so wouldn't upset the gravy train.
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
|
Gordon Gekko wrote:@obiero, I think that's a sad statement you've made. Immoral staff are immoral because they know they can be so and get away with it. If there's a CEO who can't condone staff immorality and comes down on the affected staff like a ton of bricks, then the staff watanyoroka haraka sana.
To be fair to Ngunze, I suspect the union and pilots association are so entrenched that staff can do whatever and get away with it - ditto Kenya Ports, Teachers. So how do you fix it? The politicians can, but they are feeding on lease payments from the SPVs so wouldn't upset the gravy train. U seem to understand the issue perfectly. Naikuni sacked the known immoral lazy buggers but they came back and rumor says they even visited his office to tell him they will never be fired! Government jobs or gava linked firms struggle wit this issue alot, ua junior can give u orders! Mtoto wa so and so.. A CFO with a salary of 85k and KES 200million in the bank! Strange things..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
obiero wrote:Chaka wrote:mibbz wrote:Aguytrying wrote:maka wrote:VituVingiSana wrote:mlennyma wrote:And this banks really know where to fish,but my surprise is how wazuans here are able to see ceo's running down companies earlier than the boards. Wazuans are consumers of the products & services. When we see dirty supermarkets without products... we know other customers do too... and shop at Nakumatt or Tuskys. When we experience petrol stock-outs at KK or Total... we know other customers do too... and fuel at Shell. When we experience flight delays on KQ... we know other customers do too... and fly with 540 or Ethiopian. So true... so so true. And in uchumi's case we couldn't give management the benefit of doubt. we just doubted @VVS umenena. If one cannot buy a mere newspaper at Uchumi then what should you expect of other things. Is uchumi still the largest mpesa dealer? And I suppose this is a good case of fundamental analysis.. KQs flight delays are not directly attributable to the CEO or board of that firm. Immoral staff can sabotage even the best of companies, including Safaricom which recently had to release Peter Arina and Pauline Warui.. Safaricom! Safaricom fired Arina & Warui. Who has KQ fired? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
obiero wrote:Gordon Gekko wrote:@obiero, I think that's a sad statement you've made. Immoral staff are immoral because they know they can be so and get away with it. If there's a CEO who can't condone staff immorality and comes down on the affected staff like a ton of bricks, then the staff watanyoroka haraka sana.
To be fair to Ngunze, I suspect the union and pilots association are so entrenched that staff can do whatever and get away with it - ditto Kenya Ports, Teachers. So how do you fix it? The politicians can, but they are feeding on lease payments from the SPVs so wouldn't upset the gravy train. U seem to understand the issue perfectly. Naikuni sacked the known immoral lazy buggers but they came back and rumor says they even visited his office to tell him they will never be fired! Government jobs or gava linked firms struggle wit this issue alot, ua junior can give u orders! Mtoto wa so and so.. A CFO with a salary of 85k and KES 200million in the bank! Strange things.. Which is why it makes sense to avoid such firms if you cannot trust the Board or Management. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
|
VituVingiSana wrote:obiero wrote:Gordon Gekko wrote:@obiero, I think that's a sad statement you've made. Immoral staff are immoral because they know they can be so and get away with it. If there's a CEO who can't condone staff immorality and comes down on the affected staff like a ton of bricks, then the staff watanyoroka haraka sana.
To be fair to Ngunze, I suspect the union and pilots association are so entrenched that staff can do whatever and get away with it - ditto Kenya Ports, Teachers. So how do you fix it? The politicians can, but they are feeding on lease payments from the SPVs so wouldn't upset the gravy train. U seem to understand the issue perfectly. Naikuni sacked the known immoral lazy buggers but they came back and rumor says they even visited his office to tell him they will never be fired! Government jobs or gava linked firms struggle wit this issue alot, ua junior can give u orders! Mtoto wa so and so.. A CFO with a salary of 85k and KES 200million in the bank! Strange things.. Which is why it makes sense to avoid such firms if you cannot trust the Board or Management. Its unavoidable in Kenya. The NSE is awash with government linked firms.. Almost 30% if I can hazard a guess
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
|
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
obiero wrote:VituVingiSana wrote:obiero wrote:Gordon Gekko wrote:@obiero, I think that's a sad statement you've made. Immoral staff are immoral because they know they can be so and get away with it. If there's a CEO who can't condone staff immorality and comes down on the affected staff like a ton of bricks, then the staff watanyoroka haraka sana.
To be fair to Ngunze, I suspect the union and pilots association are so entrenched that staff can do whatever and get away with it - ditto Kenya Ports, Teachers. So how do you fix it? The politicians can, but they are feeding on lease payments from the SPVs so wouldn't upset the gravy train. U seem to understand the issue perfectly. Naikuni sacked the known immoral lazy buggers but they came back and rumor says they even visited his office to tell him they will never be fired! Government jobs or gava linked firms struggle wit this issue alot, ua junior can give u orders! Mtoto wa so and so.. A CFO with a salary of 85k and KES 200million in the bank! Strange things.. Which is why it makes sense to avoid such firms if you cannot trust the Board or Management. Its unavoidable in Kenya. The NSE is awash with government linked firms.. Almost 30% if I can hazard a guess Which means there are 70% that are not GoK linked so how is avoiding GoK-linked firms unavoidable? Here are a few good firms [I am discussing the firms not the share price or outlook] with zero or insignificant government links. BAT EABL BBK SCBK Williamson Kapchorua Kakuzi Equity I&M NIC DTB Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
Interestingly ^^ those firms form a large portion of stocks I hope to own when the valuations are right. In any stock market and more so in Kenya(with the rampant corruption) a reputable management is invaluable. The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Veteran Joined: 8/16/2009 Posts: 994
|
Uchumi secures 500M to pay suppliers claims oustanding for more than 90 days. What I found interesting is that even with sale of 2B in assets, it is just the remainder of suppliers with over 90days claims that will be paid. So not everyone gets paid and no cash balance for working capital. Factor in the rent of the sold properties and you will see where we are headed....another rights issue... nation wrote:“We have obtained Sh500 million funding from our bankers which is available to pay part of the debt as we finalise the disposal of non-core assets worth over Sh2 billion to pay the remainder of the debt over 90 days old,” said Ms Mire. http://mobile.nation.co..../-/12eogf8z/-/index.htmlTime 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.
|
|
|
Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
|
Gatheuzi wrote:Uchumi secures 500M to pay suppliers claims oustanding for more than 90 days. What I found interesting is that even with sale of 2B in assets, it is just the remainder of suppliers with over 90days claims that will be paid. So not everyone gets paid and no cash balance for working capital. Factor in the rent of the sold properties and you will see where we are headed....another rights issue...
[quote=nation]“We have obtained Sh500 million funding from our bankers which is available to pay part of the debt as we finalise the disposal of non-core assets worth over Sh2 billion to pay the remainder of the debt over 90 days old,” said Ms Mire. http://mobile.nation.co....-/12eogf8z/-/index.html[/quote] The bottomless pit. Greed. punda amecheka
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,455
|
Where did they take all the other loan money (recent loans amount to almost one billion) and rights money???? That is the billion dollar question!!! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Member Joined: 11/7/2013 Posts: 127 Location: Nairobi, Kenya
|
VituVingiSana wrote:obiero wrote:VituVingiSana wrote:obiero wrote:Gordon Gekko wrote:@obiero, I think that's a sad statement you've made. Immoral staff are immoral because they know they can be so and get away with it. If there's a CEO who can't condone staff immorality and comes down on the affected staff like a ton of bricks, then the staff watanyoroka haraka sana.
To be fair to Ngunze, I suspect the union and pilots association are so entrenched that staff can do whatever and get away with it - ditto Kenya Ports, Teachers. So how do you fix it? The politicians can, but they are feeding on lease payments from the SPVs so wouldn't upset the gravy train. U seem to understand the issue perfectly. Naikuni sacked the known immoral lazy buggers but they came back and rumor says they even visited his office to tell him they will never be fired! Government jobs or gava linked firms struggle wit this issue alot, ua junior can give u orders! Mtoto wa so and so.. A CFO with a salary of 85k and KES 200million in the bank! Strange things.. Which is why it makes sense to avoid such firms if you cannot trust the Board or Management. Its unavoidable in Kenya. The NSE is awash with government linked firms.. Almost 30% if I can hazard a guess Which means there are 70% that are not GoK linked so how is avoiding GoK-linked firms unavoidable? Here are a few good firms [I am discussing the firms not the share price or outlook] with zero or insignificant government links. BAT EABL BBK SCBK Williamson Kapchorua Kakuzi Equity I&M NIC DTB ...Jubilee, TPS Serena I went into the (Ferry) industry knowing the same thing I knew with all other businesses I went into- Nothing. Then I built it from there. - Sheldon Adelson (Titans at the Table- Giants of Macau)
|
|
|
Rank: Elder Joined: 7/11/2010 Posts: 5,040
|
I've decided that whenever I can outsmart the management of a company, I stat away from their shares. eg uchumi. I asked here. why do a rights issue to increase the branch network when the ones you have are underpeforming for obvious reasons. I can't be cleverer than a board so they must be lying or mischievous The investor's chief problem - and even his worst enemy - is likely to be himself
|
|
|
Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
|
This pple will work for rent and banks,the balance will pay salaries. "Don't let the fear of losing be greater than the excitement of winning."
|
|
|
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
|
Aguytrying wrote:I've decided that whenever I can outsmart the management of a company, I stat away from their shares. eg uchumi. I asked here. why do a rights issue to increase the branch network when the ones you have are underpeforming for obvious reasons. I can't be cleverer than a board so they must be lying or mischievous Then of course there are corporate raiders and if you have no white knight to save you 
|
|
|
Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
|
Gatheuzi wrote:Uchumi secures 500M to pay suppliers claims oustanding for more than 90 days. What I found interesting is that even with sale of 2B in assets, it is just the remainder of suppliers with over 90days claims that will be paid. So not everyone gets paid and no cash balance for working capital. Factor in the rent of the sold properties and you will see where we are headed....another rights issue...
[quote=nation]“We have obtained Sh500 million funding from our bankers which is available to pay part of the debt as we finalise the disposal of non-core assets worth over Sh2 billion to pay the remainder of the debt over 90 days old,” said Ms Mire. http://mobile.nation.co....-/12eogf8z/-/index.html[/quote] This kind of reminds me of Carl Icahn with his hostile takeover of TWA Airlines and the asset stripping he did over there selling the assets individually to repay the debt assimilated during the takeover.  http://www.nytimes.com/1...we-re-at-crossroads.html
|
|
|
Rank: User Joined: 1/20/2014 Posts: 3,528
|
http://www.businessdaily...0/-/hm63cv/-/index.html
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
|
|
|
Wazua
»
Investor
»
Stocks
»
Uchumi - A value play?
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|