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Nakumatt IPO in 6-12 months.
Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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Chaka wrote:watesh wrote:Nakumatt expanding in Western Kenya through an acquisition http://www.businessdaily...0/-/m9qt35/-/index.html
Meanwhile, we are still waiting for that NSE listing since Uchumi has lost most of its goodwill. I did a small experiment at 11am on a Friday. Went to the Uchumi in the CBD Aga Khan walk, inside its basically a ghost town. Proceeded to Nakumatt Moi Avenue afterwards, frenzy of activity inside. High activity actually. I hope that activity was not buying bread and milk? Bread and milk is most bought in the evening. This is mid morning time and from my observations all sections had somebody
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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VituVingiSana wrote:whiteowl wrote:mawinder wrote:watesh wrote:Nakumatt expanding in Western Kenya through an acquisition http://www.businessdaily...0/-/m9qt35/-/index.html
Meanwhile, we are still waiting for that NSE listing since Uchumi has lost most of its goodwill. I did a small experiment at 11am on a Friday. Went to the Uchumi in the CBD Aga Khan walk, inside its basically a ghost town. Proceeded to Nakumatt Moi Avenue afterwards, frenzy of activity inside. High activity actually. NAKUMATT will never list as this will make it open to scrutiny. I am sure it is not that "profitable" if you check with KRA. There is also the issue of Charterhouse bank and it being a conduit of money laundering. I concur, they're too shady to go public. Why are folks chasing after firms that are not investable vs looking for firms one can invest in? If they are not profitable then all supermarkets in this country are not good business. As long as Nakumatt is number with expanding goodwill, increasing number of stores, appealing to all sections of the population and does great business outside Kenya, I will desire to own part of it. I dont see many companies expand as fast as this one. On the KRA thing, there are so many ways to reduce your taxable amounts, no company wants to pay a lot of taxes.
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Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
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Old thread, quick question, who owns Nakumatt? came across this and one Haron Mwau was named as part owner here You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Clearly, the time to raise money is when you do not need it desperately 
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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muganda wrote:Clearly, the time to raise money is when you do not need it desperately OK gentlemen, load up,IPO is being launched soon to transfer the burden to poor wanjiku.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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enyands wrote:muganda wrote:Clearly, the time to raise money is when you do not need it desperately OK gentlemen, load up,IPO is being launched soon to transfer the burden to poor wanjiku. Wanjiko siku hizi ameshanuka  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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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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Delmonte will be taking them to court sometime next week....unpaid supplies. possunt quia posse videntur
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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muganda wrote:Clearly, the time to raise money is when you do not need it desperately They refused to IPO during the bull market.
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Nikubayaaaaa...unchumi style
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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http://www.capitalfm.co....-its-doors-in-eastlands/Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 3/15/2009 Posts: 360
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Is the company paying staff salaries on time, this is one busines where usipowalipa they can easily pay themselves
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Setting up in almost all malls in every corner is not such a wise idea. Too many retail outlets (Naivas, Tuskys, Uchumi, Nakumatt, Mulleys, na wengine) serious segmentation is needed. "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: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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It's highly unlikely Nakumatt will do an IPO in this market, in its current state and under such negative news/circumstances. Let them clean up their books first. It makes more sense to get a "significant" investor who can ride the roller-coaster for a few years as well as provide financing. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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http://www.businessdailyafrica.com/Supermarkets-in-turmoil-as-heavy-debt-load-weighs/539552-3432754-juj5h4z/index.htmlThere are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Nakumatt to sell 25% to strategic investor Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 9/11/2014 Posts: 228 Location: Nairobi
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Ericsson wrote:http://www.capitalfm.co.ke/business/2014/10/nakumatt-mashujaa-opens-its-doors-in-eastlands/ @Ericsson, the article is from 2014 
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