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Uchumi - A value play?
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VituVingiSana
#171 Posted : Thursday, November 19, 2015 9:42:10 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
enyands wrote:
VituVingiSana wrote:
Gatheuzi wrote:
Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj?


The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company.



Hope DJ didn't have any hand in this
It would not surprise me. Not at all.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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enyands
#172 Posted : Thursday, November 19, 2015 9:59:56 PM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
VituVingiSana wrote:
enyands wrote:
VituVingiSana wrote:
Gatheuzi wrote:
Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj?


The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company.



Hope DJ didn't have any hand in this
It would not surprise me. Not at all.


If that's the case let the shafting continue ....
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mlennyma
#173 Posted : Thursday, November 19, 2015 11:28:15 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
enyands wrote:
VituVingiSana wrote:
enyands wrote:
VituVingiSana wrote:
Gatheuzi wrote:
Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj?


The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company.



Hope DJ didn't have any hand in this
It would not surprise me. Not at all.


If that's the case let the shafting continue ....

kenyan land cases take ages,si wata collapse?
"Don't let the fear of losing be greater than the excitement of winning."
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VituVingiSana
#174 Posted : Friday, November 20, 2015 8:20:04 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
mlennyma wrote:
enyands wrote:
VituVingiSana wrote:
enyands wrote:
VituVingiSana wrote:
Gatheuzi wrote:
Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj?


The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company.



Hope DJ didn't have any hand in this
It would not surprise me. Not at all.


If that's the case let the shafting continue ....

kenyan land cases take ages,si wata collapse?

This can be tied up in court for upto 5 years! Poor Uchumi if they are on the winning side because it means it needs to spend cash to fight the case and cannot sell the property until the case is over.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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obiero
#175 Posted : Saturday, November 21, 2015 6:36:23 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
VituVingiSana wrote:
mlennyma wrote:
enyands wrote:
VituVingiSana wrote:
enyands wrote:
VituVingiSana wrote:
Gatheuzi wrote:
Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj?


The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company.



Hope DJ didn't have any hand in this
It would not surprise me. Not at all.


If that's the case let the shafting continue ....

kenyan land cases take ages,si wata collapse?

This can be tied up in court for upto 5 years! Poor Uchumi if they are on the winning side because it means it needs to spend cash to fight the case and cannot sell the property until the case is over.

hence reason it still appears on yasserbigchair stocks to sell

KQ ABP 4.26
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enyands
#176 Posted : Saturday, November 21, 2015 8:05:06 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
obiero wrote:
VituVingiSana wrote:
mlennyma wrote:
enyands wrote:
VituVingiSana wrote:
enyands wrote:
VituVingiSana wrote:
Gatheuzi wrote:
Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj?


The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company.



Hope DJ didn't have any hand in this
It would not surprise me. Not at all.


If that's the case let the shafting continue ....

kenyan land cases take ages,si wata collapse?

This can be tied up in court for upto 5 years! Poor Uchumi if they are on the winning side because it means it needs to spend cash to fight the case and cannot sell the property until the case is over.

hence reason it still appears on yasserbigchair stocks to sell


I would sell if I had shares here. This is a time bomb in the making . I feel sorry for the former kws, I guess he should go back to equity
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obiero
#177 Posted : Saturday, November 21, 2015 8:28:42 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,211
Location: nairobi
enyands wrote:
obiero wrote:
VituVingiSana wrote:
mlennyma wrote:
enyands wrote:
VituVingiSana wrote:
enyands wrote:
VituVingiSana wrote:
Gatheuzi wrote:
Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj?


The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company.



Hope DJ didn't have any hand in this
It would not surprise me. Not at all.


If that's the case let the shafting continue ....

kenyan land cases take ages,si wata collapse?

This can be tied up in court for upto 5 years! Poor Uchumi if they are on the winning side because it means it needs to spend cash to fight the case and cannot sell the property until the case is over.

hence reason it still appears on yasserbigchair stocks to sell


I would sell if I had shares here. This is a time bomb in the making . I feel sorry for the former kws, I guess he should go back to equity

I told you this guy is disruptive. Too quick to act. Simply asking around, would have made him aware that the Langata hyper land was illegally acquired. Heck, he could even have searched wazua!

KQ ABP 4.26
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Aguytrying
#178 Posted : Saturday, November 21, 2015 9:35:05 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
I like CEO's like this. When the company is in financial trouble, drastic, decisive, swift efficient measures need to be taken. Ohana did the same with KK.

The land issue is stumbling block,i hopw he overcomes
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#179 Posted : Monday, November 23, 2015 11:46:17 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Aguytrying wrote:
I like CEO's like this. When the company is in financial trouble, drastic, decisive, swift efficient measures need to be taken. Ohana did the same with KK.

The land issue is stumbling block,i hopw he overcomes

"When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact." - Warren Buffett
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Aguytrying
#180 Posted : Monday, November 23, 2015 12:28:39 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
VituVingiSana wrote:
Aguytrying wrote:
I like CEO's like this. When the company is in financial trouble, drastic, decisive, swift efficient measures need to be taken. Ohana did the same with KK.

The land issue is stumbling block,i hopw he overcomes

"When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact." - Warren Buffett


Does that really apply in this case, airlines have bad reputation and maybe tourism right now. But retail? I think Uchumi just has many ghosts that need exorcising, I wish him well, I like his moves, he's my kind of CEO.

Meanwhile while am happy to buy recoverd profit making kk at the same price that investors think loss making recovering Uchumi is worth (8.00). I'll take those thank-you very much
The investor's chief problem - and even his worst enemy - is likely to be himself
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