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Uchumi 2016/17 HY loss 547.3m
Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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sparkly wrote:iris wrote:winston wrote:sparkly wrote:winston wrote:Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing! On the flipside, might be interpreted as very good news by many. Maybe...but that assumes uchumi's problems are due to government shareholding...are they? Who appointed Ciano and who never bothered to hold him accountable? Same people who let the DJ go on a looting spree of the supermarket, pretended to prosecute him then let him go free to loot another day. But same gova has appointed other CEO in some parastatlals that have done well.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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winston wrote:sparkly wrote:iris wrote:winston wrote:sparkly wrote:winston wrote:Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing! On the flipside, might be interpreted as very good news by many. Maybe...but that assumes uchumi's problems are due to government shareholding...are they? Who appointed Ciano and who never bothered to hold him accountable? Same people who let the DJ go on a looting spree of the supermarket, pretended to prosecute him then let him go free to loot another day. But same gova has appointed other CEO in some parastatlals that have done well. Focus @wiston focus. Uchumi has done badly with GOK in control. Maybe, just maybe things will be better with another management in control. Uchumi needs to rethink its strategy. It is so sad that a company with such a long history and goodwill underperforms mama mbogas in the industry. If I became CEO of Uchumi today, i would make it the preferred retail gods supplier to goverment institutions like the army, prisons, secondary schools, universities, counties, airlines etc. Invest more in the supply chain and delivery of end product to the customer. There is no reason to compete in the the same space with kina Nakumatt and Tuskys if you have a competitive advantage in dealing with GOK institutions. Life is short. Live passionately.
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Rank: Member Joined: 3/9/2010 Posts: 320 Location: kenya
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sparkly wrote:winston wrote:sparkly wrote:iris wrote:winston wrote:sparkly wrote:winston wrote:Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing! On the flipside, might be interpreted as very good news by many. Maybe...but that assumes uchumi's problems are due to government shareholding...are they? Who appointed Ciano and who never bothered to hold him accountable? Same people who let the DJ go on a looting spree of the supermarket, pretended to prosecute him then let him go free to loot another day. But same gova has appointed other CEO in some parastatlals that have done well. Focus @wiston focus. Uchumi has done badly with GOK in control. Maybe, just maybe things will be better with another management in control. Uchumi needs to rethink its strategy. It is so sad that a company with such a long history and goodwill underperforms mama mbogas in the industry. If I became CEO of Uchumi today, i would make it the preferred retail gods supplier to goverment institutions like the army, prisons, secondary schools, universities, counties, airlines etc. Invest more in the supply chain and delivery of end product to the customer. There is no reason to compete in the the same space with kina Nakumatt and Tuskys if you have a competitive advantage in dealing with GOK institutions. Good thought, but unfortinately, most of this gova institutions dont pay and if they do, its when its too late with lots of lost money Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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winston wrote:sparkly wrote:iris wrote:winston wrote:sparkly wrote:winston wrote:Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing! On the flipside, might be interpreted as very good news by many. Maybe...but that assumes uchumi's problems are due to government shareholding...are they? Who appointed Ciano and who never bothered to hold him accountable? Same people who let the DJ go on a looting spree of the supermarket, pretended to prosecute him then let him go free to loot another day. But same gova has appointed other CEO in some parastatlals that have done well. Which ones? [Exclude all monopolies and those given subsidies or favored] Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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VituVingiSana wrote:winston wrote:sparkly wrote:iris wrote:winston wrote:sparkly wrote:winston wrote:Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing! On the flipside, might be interpreted as very good news by many. Maybe...but that assumes uchumi's problems are due to government shareholding...are they? Who appointed Ciano and who never bothered to hold him accountable? Same people who let the DJ go on a looting spree of the supermarket, pretended to prosecute him then let him go free to loot another day. But same gova has appointed other CEO in some parastatlals that have done well. Which ones? [Exclude all monopolies and those given subsidies or favored] @VVS - your exclusions have eliminated my candidates.
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Speculation rally is over but folks are walking all the way into banking hall smiling! John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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cyruskulei wrote:sparkly wrote:winston wrote:sparkly wrote:iris wrote:winston wrote:sparkly wrote:winston wrote:Wrong move by gova...should have kept mum and exited silently. Now investors know that their biggest shareholder has no faith in the long term profitability of uchumi...alarm bells ringing! On the flipside, might be interpreted as very good news by many. Maybe...but that assumes uchumi's problems are due to government shareholding...are they? Who appointed Ciano and who never bothered to hold him accountable? Same people who let the DJ go on a looting spree of the supermarket, pretended to prosecute him then let him go free to loot another day. But same gova has appointed other CEO in some parastatlals that have done well. Focus @wiston focus. Uchumi has done badly with GOK in control. Maybe, just maybe things will be better with another management in control. Uchumi needs to rethink its strategy. It is so sad that a company with such a long history and goodwill underperforms mama mbogas in the industry. If I became CEO of Uchumi today, i would make it the preferred retail gods supplier to goverment institutions like the army, prisons, secondary schools, universities, counties, airlines etc. Invest more in the supply chain and delivery of end product to the customer. There is no reason to compete in the the same space with kina Nakumatt and Tuskys if you have a competitive advantage in dealing with GOK institutions. Good thought, but unfortinately, most of this gova institutions dont pay and if they do, its when its too late with lots of lost money My fren government is the largest spender and consumer in our economy. Life is short. Live passionately.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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"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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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Another case of the retail investor getting wiped out...
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Rank: Member Joined: 4/14/2010 Posts: 806 Location: Nairobi
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Horton wrote:Another case of the retail investor getting wiped out... Current retail investor...true  . Future retail investor...unknown .
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Uchumi 2016/17 HY loss 547.3m
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