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Uchumi CEO Julius Kipngetich
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Msa Liti
#1 Posted : Tuesday, August 25, 2015 7:18:35 PM
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Joined: 1/6/2009
Posts: 98
According to BD, he is the new sheriff.
Good choice by the board. Now the hard part begins. He will need cash and time to turn this thing.

ION,
What happened at Equity? Thought he was being groomed for the corner office. The turnover at the C- level continues.
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kaka2za
#2 Posted : Tuesday, August 25, 2015 7:39:11 PM
Rank: Elder


Joined: 10/3/2008
Posts: 4,057
Location: Gwitu
Msa Liti wrote:
According to BD, he is the new sheriff.
Good choice by the board. Now the hard part begins. He will need cash and time to turn this thing.

ION,
What happened at Equity? Thought he was being groomed for the corner office. The turnover at the C- level continues.


Double post!
Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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butterflyke
#3 Posted : Tuesday, August 25, 2015 7:55:41 PM
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Joined: 5/1/2010
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Location: Hapa
This is good news
Float like a butterfly, sting like a bee. - Muhammad Ali🐝
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Sober
#4 Posted : Tuesday, August 25, 2015 8:13:19 PM
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Joined: 11/27/2007
Posts: 3,604
these are tye jobs one gets in through the derp end. welcome to the rocky boat, handle the customer care and creditors and you will enjoy the stay
African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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instinct
#5 Posted : Tuesday, August 25, 2015 8:35:58 PM
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Joined: 8/17/2007
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This is news out of heaven. And the way i almost sold my lot today. 12bob is in sight by Friday
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watesh
#6 Posted : Tuesday, August 25, 2015 9:33:17 PM
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Joined: 8/10/2014
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After hiring Willy Kimani from Naivas & Tuskys then now Julius this stock looks like a buy now.....might just dive in
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Pesa Nane
#7 Posted : Wednesday, August 26, 2015 8:43:12 AM
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Joined: 5/25/2012
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instinct wrote:
This is news out of heaven. And the way i almost sold my lot today. 12bob is in sight by Friday

Laughing out loudly Bookmarked!
Pesa Nane plans to be shilingi when he grows up.
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Metasploit
#8 Posted : Wednesday, August 26, 2015 9:03:10 AM
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Joined: 3/26/2012
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Location: Dar es salaam,Tanzania
Pesa Nane wrote:
instinct wrote:
This is news out of heaven. And the way i almost sold my lot today. 12bob is in sight by Friday

Laughing out loudly Bookmarked!


Always sell the news..dont buy the news

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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KulaRaha
#9 Posted : Wednesday, August 26, 2015 9:16:03 AM
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Joined: 7/26/2007
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He will drown with Uchumi. The place is corrupt top to bottom, with some rich men eating there. He has no hope.
Business opportunities are like buses,there's always another one coming
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Ericsson
#10 Posted : Wednesday, August 26, 2015 9:33:42 AM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
@Msa Liti
James Mwangi said he is still around as the next CEO for the next ten.
So the issue of him being groomed for the corner office faded away like a mirage.
Right now he ain't for the money but he wants to make a major comeback to the limelight and get a challenge.
When an opportunity arose he quickly grabbed the opportunity.
Not forgetting that him and the CFO (Samson Oduor)are great buddies
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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heri
#11 Posted : Wednesday, August 26, 2015 9:39:16 AM
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Joined: 9/14/2011
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Location: nairobi
KulaRaha wrote:
He will drown with Uchumi. The place is corrupt top to bottom, with some rich men eating there. He has no hope.


who are the major shareholders other than GOK and Jamii Bora? if the top shareholders are keen on growing their investment, he may get the support he needs

I think Uchumi is still a brand name though it has been badly damaged
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The optimist
#12 Posted : Wednesday, August 26, 2015 9:50:19 AM
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Location: Nairobi
I have some confidence in Julius Kipngetich. I hope he turns around this rocky boat.
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heri
#13 Posted : Wednesday, August 26, 2015 10:01:46 AM
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heri wrote:
KulaRaha wrote:
He will drown with Uchumi. The place is corrupt top to bottom, with some rich men eating there. He has no hope.


who are the major shareholders other than GOK and Jamii Bora? if the top shareholders are keen on growing their investment, he may get the support he needs

I think Uchumi is still a brand name though it has been badly damaged




Who has the current shareholding? hard to tell who are the main shareholders from this
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heri
#14 Posted : Wednesday, August 26, 2015 10:19:36 AM
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i imagine they will announce a very big loss with a new CEO to start off from ground zero
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watesh
#15 Posted : Wednesday, August 26, 2015 11:36:29 AM
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Location: Kenya
As expected, stock prices jumped.....waiting for it to cool down then i can buy something small.
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gmg
#16 Posted : Wednesday, August 26, 2015 11:50:03 AM
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Joined: 3/17/2009
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all this positive change have been brought about by the entry of Jamii bora as the largest shareholder holding 15%. Jamii bora has no option other a long term investment strategy 5-10 years to reap their benefits.
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Aguytrying
#17 Posted : Wednesday, August 26, 2015 12:06:29 PM
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Joined: 7/11/2010
Posts: 5,040
gmg wrote:
all this positive change have been brought about by the entry of Jamii bora as the largest shareholder holding 15%. Jamii bora has no option other a long term investment strategy 5-10 years to reap their benefits.


When GK was no longer the shareholder. suddenly i saw hope for this company. And true to the word, we have seen attempts to recover. eg fired ciano, closed some branches, paying off debts. new promising ceo. Its not rocket science. so you wonder why KQ needs committe meetings to discover what went wrong and what to dod'oh!

This is the difference ladies and gentlemen between a good stock and a bad one d'oh!
The investor's chief problem - and even his worst enemy - is likely to be himself
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Ericsson
#18 Posted : Wednesday, August 26, 2015 1:33:29 PM
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Joined: 12/4/2009
Posts: 10,702
Location: NAIROBI
Give credit to Jamii Bora who invested in the company via the rights issue in December and would not sit down and seen their invested just go like that in less than year.
This is what is needed in KQ and Mumias.

@heri;
The shareholder list is quite outdated;Jamii Bora are the top shareholders followed by GOK
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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yekeyeke
#19 Posted : Thursday, August 27, 2015 11:33:24 AM
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Joined: 6/4/2008
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For latest list of Uchumi Shareholders see below link...

https://en.wikipedia.org/wiki/Uchumi_Supermarkets
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heri
#20 Posted : Thursday, August 27, 2015 11:44:08 AM
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Location: nairobi
[quote=yekeyeke]For latest list of Uchumi Shareholders see below link...

https://en.wikipedia.org/wiki/Uchumi_Supermarkets[/quote]

Thanks so much for sharing. i didn't know i can get such info from wikipedia. I have learnt something useful today
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