wazua Wed, Sep 2, 2026
Welcome Guest Search | Active Topics | Log In

73 Pages«<3940414243>»
Nakumatt: Another ailing Kenyan company
Options
Previous Topic · Next Topic
Ericsson
#401 Posted : Monday, September 18, 2017 10:10:13 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,834
Location: NAIROBI
Tuskys grew through assistance and guidance from Nakumatt.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Chaka
#402 Posted : Monday, September 18, 2017 10:38:36 AM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
TuskyMatt..?
Back to top
  |
obiero
#403 Posted : Monday, September 18, 2017 11:19:28 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,463
Location: nairobi
Ericsson wrote:
obiero wrote:
Juojo wrote:
Walked into Nakumatt Mega and could literally smell the stench of death.The shelves were empty. The look on the faces of the few employees hanging around discussing in small groups was heartbreaking

I visited it too, just yesterday and it was a shell.. Luckily, Tuskys have today put forward a request for takeover.. Hope that the same is accepted


Obiero link

The exchange bar always one step ahead https://www.standardmedi...-merger-deal-with-tuskys
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
Back to top
WWW
  |
Ericsson
#404 Posted : Monday, September 18, 2017 11:23:40 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,834
Location: NAIROBI
The merger if it works out will put a permanent nail on the coffin for Uchumi
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Juojo
#405 Posted : Monday, September 18, 2017 12:42:03 PM
Rank: Member

Joined: 7/7/2009
Posts: 41
KulaRaha wrote:
TBH, this all sounds like another Nakumatt con job....


True.
It's good for management since I don't think Tuskys will comb the books to see the manure they have been upto, which a foreign strategic investor would have done.

This is just a postponed collapse
Happiness is not the absence of problems, It's the ability to deal with them
Back to top
  |
Ericsson
#406 Posted : Monday, September 18, 2017 12:48:14 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,834
Location: NAIROBI
What is the share of shareholding of the merged entity
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
  |
Pesa Nane
#407 Posted : Monday, September 18, 2017 1:17:12 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c

"...temporary...stock taking.."
Pesa Nane plans to be shilingi when he grows up.
Back to top
  |
KulaRaha
#408 Posted : Monday, September 18, 2017 1:34:23 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
So, what's in it for Tuskys in this deal?
Business opportunities are like buses,there's always another one coming
Back to top
  |
Mike Ock
#409 Posted : Monday, September 18, 2017 4:17:14 PM
Rank: Member

Joined: 1/22/2015
Posts: 682
This for me wins the 'Worst Deal of the Year' award. The pertinent issue with Nakumatt is the 30b debt. Nobody has the money to pay it off and still make financial sense of the company afterwards, and suppliers will not supply until the debts are paid. For Tuskys to embroil themselves in this miasma of failure is such a bad sign to the soberness of their management. Anyway, Nakumatt is still going down, they are just postponing the funeral. I'd rather they die quickly so that someone competent takes their spot and I go back to normal shopping.
Back to top
WWW
  |
obiero
#410 Posted : Monday, September 18, 2017 4:32:12 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,463
Location: nairobi
KulaRaha wrote:
So, what's in it for Tuskys in this deal?

Tuskys will be selling its stock via Nakumatt outlets.. This is brilliant from Tuskys.. If it stinks they bail. The debt owed by Nakumatt remains on the applicant
COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
Back to top
WWW
  |
73 Pages«<3940414243>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.