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Uchumi HY 2015 results - firmly in loss territory
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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So pesa
yetu ilikulwo hivyo tu ¿¿¿¿¿
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Rank: Member Joined: 9/2/2010 Posts: 845
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mlennyma wrote: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. hakuna mambo na private life if you are running a public company. nothing is beyond interrogation All my friends are heathens, take it slow. Wait for them to ask you who you know. Please don't make any sudden moves.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Gatheuzi wrote:Seeking financial assistance was expected. I don't envy KQ CFO for now. Given that government shareholding is below 30%, and in my view KQ will not be able to repay that debt, options that remain will be conversion of government debt to equity at a later date and in the process allow the government to be the majority shareholder. I wonder what plans KLM has.
Talking of gvt bailouts CS treasury should also set aside cash for Mumias and possibly Uchumi??? Welcome to 2015, the year of bailouts.
Management has ruled out a bailout because for now thet have non- core assets expected to be sold for Kes2B. Let's see how long they can go with this asset sale business. My earlier prediction of a bailout still stands. BD wrote:The board ruled out a possible government bailout or the sale of the company to a competitor, insisting that the company could still be salvaged. read more hereTime 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: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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innairobi wrote:mlennyma wrote: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. hakuna mambo na private life if you are running a public company. nothing is beyond interrogation As long as he wasn't doing so on company time using company assets... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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mlennyma wrote: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. It is only in Kenya/Africa that we take these things lightly and label them "private matters". Maybe it is because many people including raia behave the same way mpaka it is perceived to be normal! In the west, they ask themselves a simple question: If you cannot be true to your wife and kids, how can you be true to me as a shareholder/constituent/client etc. And that is a very valid question. Anyone who can betray his family can betray you in a heart beat!!! Many a C.E.O./Politicians have lost their jobs because of this! In Kenya we lowered the bar too low till finally we did away with the bar! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Rank: Member Joined: 8/17/2007 Posts: 294
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This will become a concern in 2017..not now..
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Rank: Member Joined: 9/14/2011 Posts: 834 Location: nairobi
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It would be interesting to know how supermarkets which are not quoted at the NSE perform. what kind of profits do NAIVAS, Nakumatt, Tuskys generate .
Ofcourse we see them opening many branches but it would be insightful if it was possible to see their financials
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Rank: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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heri wrote:It would be interesting to know how supermarkets which are not quoted at the NSE perform. what kind of profits do NAIVAS, Nakumatt, Tuskys generate .
Ofcourse we see them opening many branches but it would be insightful if it was possible to see their financials Nakumatt has the highest revenues, Tuskys suffering from management problems by owners....but I WOULD REALLY REALLY REALLY like to get my hands on Nakumatt shares.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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watesh wrote:heri wrote:It would be interesting to know how supermarkets which are not quoted at the NSE perform. what kind of profits do NAIVAS, Nakumatt, Tuskys generate .
Ofcourse we see them opening many branches but it would be insightful if it was possible to see their financials Nakumatt has the highest revenues, Tuskys suffering from management problems by owners....but I WOULD REALLY REALLY REALLY like to get my hands on Nakumatt shares. Tuskys must have been making huge profits...Several managers made away with millions n millions but their outlets are still stocked. The family wrangles caused the loopholes. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 8/16/2009 Posts: 994
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Wah! 200M pm for 12 months is equal to 2.4 B in annual support to both Uganda and Tanzania. It is like loosing Gong Rd Hyper in under a year. Happy to see that this has been stopped. But I still wonder if that "support" used to be applied for true business activities. 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: Veteran Joined: 8/10/2014 Posts: 977 Location: Kenya
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With the cancerous parts cut off, profits are coming soon
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Rank: Member Joined: 4/26/2011 Posts: 759
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Someone need to take Uchumu private and restructure it. Hard to think a retail company like Uchumu can be making losses in a market like Kenya
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Rollout wrote:Someone need to take Uchumu private and restructure it. Hard to think a retail company like Uchumu can be making losses in a market like Kenya Its called stealing. Of Time by employees .. There were so many instances where people would walk in to uchumi and find the attendants not present or idling. Most of the shelves were either under stocked or just pathetic. Of goods...so many reported cases of employees pilferage Then add over expansion in UG and TZ....but I trust the new MD "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: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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murchr wrote:Rollout wrote:Someone need to take Uchumu private and restructure it. Hard to think a retail company like Uchumu can be making losses in a market like Kenya Its called stealing. Of Time by employees .. There were so many instances where people would walk in to uchumi and find the attendants not present or idling. Most of the shelves were either under stocked or just pathetic. Of goods...so many reported cases of employees pilferage Then add over expansion in UG and TZ....but I trust the new MD The new MD has a good track history from kws to equity . I believe he has the ways
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Rank: Chief Joined: 1/3/2007 Posts: 18,121 Location: Nairobi
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enyands wrote:murchr wrote:Rollout wrote:Someone need to take Uchumu private and restructure it. Hard to think a retail company like Uchumu can be making losses in a market like Kenya Its called stealing. Of Time by employees .. There were so many instances where people would walk in to uchumi and find the attendants not present or idling. Most of the shelves were either under stocked or just pathetic. Of goods...so many reported cases of employees pilferage Then add over expansion in UG and TZ....but I trust the new MD The new MD has a good track history from kws to equity . I believe he has the ways JM ran Equity before, during and after JK. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Am I allowed to guess that a competitor will purchase the properties and later exploit some loopholes in the leaseback contract to kick uchumi out? Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Pesa Nane wrote:Am I allowed to guess that a competitor will purchase the properties and later exploit some loopholes in the buyback contract to kick uchumi out? Thought the same. Like, what if Naivas or Tuskys buys the property, they can't let out to a competitor, au sivyo? I think the purpose of that "Buy and Lease Back" statement is just to assure the bidders that there is a ready tenant. Receive with simplicity everything that happens to you.” ― Rashi
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Uchumi HY 2015 results - firmly in loss territory
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