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Uchumi - A value play?
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Othelo
#191 Posted : Monday, June 20, 2016 12:01:57 PM
Rank: User

Joined: 1/20/2014
Posts: 3,528
http://mobile.nation.co....0/-/u7wy6n/-/index.html
Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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whiteowl
#192 Posted : Monday, June 20, 2016 2:16:41 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
murchr wrote:
wa P wrote:
TheGeek wrote:
Departure of COO tells you alot.


That is a test tube COO. When they announced his joining I wrote off uchumi. From point of knowledge, uchumi is now better off.

(Thanks to wazua anonymity....That guy is my buddy)


Shame on you Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


Laughing out loudly Laughing out loudly Laughing out loudly
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Ericsson
#193 Posted : Monday, June 20, 2016 4:14:27 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Share price now at 2.95.
The race to ksh.1 per share now has a new entrant.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Cornelius Vanderbilt
#194 Posted : Tuesday, June 21, 2016 2:01:04 AM
Rank: Member

Joined: 8/15/2015
Posts: 817
wow. the books must be very very bad even nakumatt doesnot want it!!!!!!!!!!!!!!!!!
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murchr
#195 Posted : Tuesday, June 21, 2016 6:01:17 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Ericsson wrote:
Share price now at 2.95.
The race to ksh.1 per share now has a new entrant.


I trust Kipng'etich, he revealed that the suppliers are owed 3.6Bn, who else is owed money? Bank loans?
"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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sparkly
#196 Posted : Tuesday, June 21, 2016 6:46:44 AM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
murchr wrote:
Ericsson wrote:
Share price now at 2.95.
The race to ksh.1 per share now has a new entrant.


I trust Kipng'etich, he revealed that the suppliers are owed 3.6Bn, who else is owed money? Bank loans?


Where is @mkonomtupu, he who disagreed strongly when I said Uchumi was headed for Insolvency 2.0!
Life is short. Live passionately.
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VituVingiSana
#197 Posted : Tuesday, June 21, 2016 7:50:15 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
sparkly wrote:
murchr wrote:
Ericsson wrote:
Share price now at 2.95.
The race to ksh.1 per share now has a new entrant.


I trust Kipng'etich, he revealed that the suppliers are owed 3.6Bn, who else is owed money? Bank loans?


Where is @mkonomtupu, he who disagreed strongly when I said Uchumi was headed for Insolvency 2.0!
Hah! And his support for KQ. Labda, like Uchumi & KQ, he is now insolvent!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Spikes
#198 Posted : Tuesday, June 21, 2016 7:55:51 AM
Rank: Elder

Joined: 9/20/2015
Posts: 2,811
Location: Mombasa
murchr wrote:
Ericsson wrote:
Share price now at 2.95.
The race to ksh.1 per share now has a new entrant.


I trust Kipng'etich, he revealed that the suppliers are owed 3.6Bn, who else is owed money? Bank loans?


Even if new management is good as long as books are bad plus corruption that took place MSC style this stock will keep tanking each day.
John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Ericsson
#199 Posted : Tuesday, June 21, 2016 10:28:20 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Julius Kipngetich in yesterday's news said the turn around fruits of Uchumi will start being seeing in 8 weeks.
Let's give him the benefit and see
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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lochaz-index
#200 Posted : Tuesday, June 21, 2016 2:34:09 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
Back in 2006 it was suspended from trading in the market. Ten years later it is facing a winding up suit. If there are shareholders who have stuck with this stock through and through, then they have been in one roller-coaster of a ride.
The main purpose of the stock market is to make fools of as many people as possible.
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