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Uchumi 2016/17 HY loss 547.3m
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VituVingiSana
#11 Posted : Tuesday, February 28, 2017 8:43:57 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
Bandia firm. It was very well run by Suresh Shah. After he left Uchumi, in great shape, the rot started.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Ericsson
#12 Posted : Tuesday, February 28, 2017 9:00:52 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
VituVingiSana wrote:
Bandia firm. It was very well run by Suresh Shah. After he left Uchumi, in great shape, the rot started.


Just shows how Africans/kenyans are very bandia in running companies.
Kuiba na kuiba tuu
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ebenyo
#13 Posted : Tuesday, February 28, 2017 11:52:51 PM
Rank: Veteran

Joined: 4/4/2016
Posts: 2,016
Location: Kitale
Gok management deficiency syndrome is a dangerous disease.Ask these companies:
1.Mumias
2.Uchumi
3.Eapc
Towards the goal of financial freedom
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Aguytrying
#14 Posted : Thursday, March 02, 2017 2:30:26 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
Ebenyo wrote:
Gok management deficiency syndrome is a dangerous disease.Ask these companies:
1.Mumias
2.Uchumi
3.Eapc


How could you forget. KQ, NBK

even KPLC
The investor's chief problem - and even his worst enemy - is likely to be himself
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Ericsson
#15 Posted : Thursday, March 02, 2017 5:08:24 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Another supermarket in the red

http://www.businessdaily...833054-h6pxu1/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Gatheuzi
#16 Posted : Thursday, March 02, 2017 6:14:00 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
Ericsson wrote:
Another supermarket in the red

http://www.businessdaily...33054-h6pxu1/index.html

These supermarkets were not facing difficulties. They were just trading on suppliers funds and using them at their expense to execute unwarrated expansion. This has finally caught up with them and like they say the chicken has come home to roast.

I hope the law below will instill some discipline. If I give you 60 days on invoice if you don't pay on time let the amount attract a rate of CBR+4%. This will allow me to borrow the funds at prevailing market rates as you try to sort your issues.

Business Daily wrote:
The newly enacted Public Procurement and Asset Disposal Act (2015) provides that entities which delay payments to suppliers shall incur additional charges for each day past the due date
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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littledove
#17 Posted : Saturday, June 17, 2017 11:28:29 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
http://www.the-star.co.ke/news/2017/04/01/uchumi-targets-sh5bn-investment-by-june_c1535814

Uchumi Chief Executive Officer Julius Kipng'etich yesterday (Apr. 01, 2017) said that the company has narrowed down to three investors from a list of 39, who had expressed interest in partnering with the organisation.

The strategic partner is expected to inject funds for stocking the retailers stores countrywide.

"Plans to have an investor to partner with Uchumi are ongoing and by mid this year, the company will reveal the most suitable investor that we will work with to bring life back to the company," Kipng'etich said.

That was april and we are already in june, any news of strategic investor?
There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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littledove
#18 Posted : Wednesday, July 12, 2017 9:19:08 AM
Rank: Veteran

Joined: 7/1/2014
Posts: 927
Location: sky
https://www.standardmedia.co.ke/business/article/2001247082/mystery-investor-hands-uchumi-sh3-5-billion-lifeline
Last December, the cabinet approved a Sh 1.8 billion bailout with Sh 500 Million already disbursed according to KBC. The retailer expects the remaining Sh 1.3 billion bailout package in the next few weeks.

The strategic investor was expected to come in early but was awaiting for government’s assurance that it would release the bailout “balance.” Kenyanwallstreet

There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Ericsson
#19 Posted : Wednesday, July 12, 2017 9:54:58 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Eti mystery investor.
Someone cleaning his money
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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  | | Edit by user: Wednesday, July 12, 2017 11:03 AM | Reason: Not specified
muandiwambeu
#20 Posted : Wednesday, July 12, 2017 1:05:18 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
Ericsson wrote:
Eti mystery investor.
Someone cleaning his money

Who is going to face the musical tunes here. These restructuring and recapitalization on an empty bow will leave the weak hands with bleeding ninis. The great restructuring, acquisitions, recapitalisation and megers era. A boom will definitely follow. This salvation crusade is great but the process is not my cup of tea. Mvumilivu unyua maji maenga lakini naona kiwiLaughing out loudly Laughing out loudly Laughing out loudly , na sio haba ndugu na dada.
,Behold, a sower went forth to sow;....
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