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Nakumatt: Another ailing Kenyan company
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Uram
#261 Posted : Monday, July 03, 2017 2:41:06 PM
Rank: Member

Joined: 10/24/2013
Posts: 455
Location: Nairobi
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FRM2011
#262 Posted : Monday, July 03, 2017 3:05:04 PM
Rank: Elder

Joined: 11/5/2010
Posts: 2,459
Uram wrote:


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
KCC delight yoghurt ? Really?

I hear the mzee has been turning down each potential investor by refusing to cede control. Let it go down. One of the competitors will quickly fill in the gap left.

Those who are suggesting a taxpayer bailout. Please let me know where we are picking the forms. My petrol station venture flopped one year ago. I need to get a bailout as well.
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2012
#263 Posted : Monday, July 03, 2017 4:03:33 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Uram wrote:


When it rains, it pours!

But surely, why would they give 12 cheques to one supplier knowing very well that they will all bounce???

BBI will solve it :)
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murchr
#264 Posted : Monday, July 03, 2017 4:44:50 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
The price for unnecessary expansion, wanting 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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kawi254
#265 Posted : Monday, July 03, 2017 4:50:06 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
2012 wrote:
Uram wrote:


When it rains, it pours!

But surely, why would they give 12 cheques to one supplier knowing very well that they will all bounce???



My suspicion is that the under-stocked branches are what Nakumatt will downsize on and they probably just letting the lease run out and current stock sell out before announcing closure of those branches. There was some #fakeNews of branches to be closed and TRM was one of them. TRM probably already suspecting Nakumatt is getting out and wants to cut its losses.
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obiero
#266 Posted : Monday, July 03, 2017 5:08:21 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,257
Location: nairobi
kawi254 wrote:
2012 wrote:
Uram wrote:


When it rains, it pours!

But surely, why would they give 12 cheques to one supplier knowing very well that they will all bounce???



My suspicion is that the under-stocked branches are what Nakumatt will downsize on and they probably just letting the lease run out and current stock sell out before announcing closure of those branches. There was some #fakeNews of branches to be closed and TRM was one of them. TRM probably already suspecting Nakumatt is getting out and wants to cut its losses.

You could be right, but I believe that the company as a whole is in trouble.. It may not be just a TRM issue

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Ericsson
#267 Posted : Monday, July 03, 2017 5:31:14 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
kawi254 wrote:
2012 wrote:
Uram wrote:


When it rains, it pours!

But surely, why would they give 12 cheques to one supplier knowing very well that they will all bounce???



My suspicion is that the under-stocked branches are what Nakumatt will downsize on and they probably just letting the lease run out and current stock sell out before announcing closure of those branches. There was some #fakeNews of branches to be closed and TRM was one of them. TRM probably already suspecting Nakumatt is getting out and wants to cut its losses.


@Kawi
Do you have the list of the branches that were to be closed down in the fake news.
Some of these things might actually turn out to be true
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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obiero
#268 Posted : Monday, July 03, 2017 5:43:19 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,257
Location: nairobi
Ericsson wrote:
kawi254 wrote:
2012 wrote:
Uram wrote:


When it rains, it pours!

But surely, why would they give 12 cheques to one supplier knowing very well that they will all bounce???



My suspicion is that the under-stocked branches are what Nakumatt will downsize on and they probably just letting the lease run out and current stock sell out before announcing closure of those branches. There was some #fakeNews of branches to be closed and TRM was one of them. TRM probably already suspecting Nakumatt is getting out and wants to cut its losses.


@Kawi
Do you have the list of the branches that were to be closed down in the fake news.
Some of these things might actually turn out to be true

No fake news.. Some links to help http://www.newvision.co....t-shuts-branches-uganda

http://www.the-star.co.k...-hiring-in-cost_c1557288
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  | | Edit by user: Monday, July 03, 2017 5:45 PM | Reason: Not specified
whiteowl
#269 Posted : Monday, July 03, 2017 5:45:07 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Ericsson wrote:
kawi254 wrote:
2012 wrote:
Uram wrote:


When it rains, it pours!

But surely, why would they give 12 cheques to one supplier knowing very well that they will all bounce???



My suspicion is that the under-stocked branches are what Nakumatt will downsize on and they probably just letting the lease run out and current stock sell out before announcing closure of those branches. There was some #fakeNews of branches to be closed and TRM was one of them. TRM probably already suspecting Nakumatt is getting out and wants to cut its losses.


@Kawi
Do you have the list of the branches that were to be closed down in the fake news.
Some of these things might actually turn out to be true



TRM, Garden City, Lavington, Westlands* , Embakasi and Kitisuru.There are two more I cant remember.
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hardwood
#270 Posted : Monday, July 03, 2017 6:05:06 PM
Rank: Elder

Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
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