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Nakumatt: Another ailing Kenyan company

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Ericsson		#121 Posted : Tuesday, April 18, 2017 12:53:25 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,811 Location: NAIROBI		If Nakumatt fail to get a strategic investor they will shut down. The debts are really choking them Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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wukan		#122 Posted : Tuesday, April 18, 2017 1:10:04 PM
Rank: Veteran Joined: 11/13/2015 Posts: 1,654		Ericsson wrote: If Nakumatt fail to get a strategic investor they will shut down. The debts are really choking them The only retail that works in kenya are the small convenient stores. You scale and the margins will not work.
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Ericsson		#123 Posted : Tuesday, April 18, 2017 1:13:00 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,811 Location: NAIROBI		Nakumatt has been mismanaged and the 40 days have caught up. Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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KulaRaha		#124 Posted : Tuesday, April 18, 2017 1:32:07 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		wukan wrote: Ericsson wrote: If Nakumatt fail to get a strategic investor they will shut down. The debts are really choking them The only retail that works in kenya are the small convenient stores. You scale and the margins will not work. Nonsense....scaling up works as long as you dont steal your cashflow. Simple. Business opportunities are like buses,there's always another one coming
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faa		#125 Posted : Tuesday, April 18, 2017 1:38:34 PM
Rank: Member Joined: 5/8/2007 Posts: 709		KulaRaha wrote: wukan wrote: Ericsson wrote: If Nakumatt fail to get a strategic investor they will shut down. The debts are really choking them The only retail that works in kenya are the small convenient stores. You scale and the margins will not work. Nonsense....scaling up works as long as you dont steal your cashflow. Simple. the issue with nakumatt is that the owners raid the bank account as they wish. A withdraw of 1.5b this month another of 1.2b the following months have led to this.
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wukan		#126 Posted : Tuesday, April 18, 2017 1:42:44 PM
Rank: Veteran Joined: 11/13/2015 Posts: 1,654		KulaRaha wrote: wukan wrote: Ericsson wrote: If Nakumatt fail to get a strategic investor they will shut down. The debts are really choking them The only retail that works in kenya are the small convenient stores. You scale and the margins will not work. Nonsense....scaling up works as long as you dont steal your cashflow. Simple. I think let me limit my contribution. Too many politicians on this forum
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Lolest!		#127 Posted : Tuesday, April 18, 2017 1:47:57 PM
Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma		KulaRaha wrote: wukan wrote: Ericsson wrote: If Nakumatt fail to get a strategic investor they will shut down. The debts are really choking them The only retail that works in kenya are the small convenient stores. You scale and the margins will not work. Nonsense....scaling up works as long as you dont steal your cashflow. Simple. Was wondering how advantages such as bargaining power(with suppliers to the point of bullying them to accept 90 day payment terms) turns into a disadvantage
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Ericsson		#128 Posted : Tuesday, April 18, 2017 2:03:20 PM
Rank: Elder Joined: 12/4/2009 Posts: 10,811 Location: NAIROBI		@Lolest The suppliers have found better paying customers i.e who will pay earlier than 90 days. The next demise to Nakumatt will be when shoppers start shunning its branches and go to alternatives Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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murchr		#129 Posted : Tuesday, April 18, 2017 4:19:41 PM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Ericsson wrote: @Lolest The suppliers have found better paying customers i.e who will pay earlier than 90 days. The next demise to Nakumatt will be when shoppers start shunning its branches and go to alternatives Its not so much about payments being made earlier than 90 days rather, payments being delayed by over 90-100 days. I dont know why Nakumatt feels that they have to be in every mall. "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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GEORGEWACHIRA		#130 Posted : Tuesday, April 18, 2017 5:11:06 PM
Rank: Hello Joined: 4/18/2017 Posts: 2		Sometimes it's hard to understand these guyz everything delivered is paid on credit and yet some products will hardly last onto shelves even a day whats the point of paying such suppliers after three months
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