Wazua
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Uchumi - A value play?
Rank: Veteran Joined: 2/26/2015 Posts: 1,147
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karasinga wrote:Gatheuzi wrote:snipermnoma wrote:Sparkly, good one. In fact the bus clearly reads DODGE. Gotta dodge this one. With 5 doors on one side alone, expect mass boarding  And it came to pass, price settled at an aforementioned zone.  ing ing ing...... My thoughts on the chart  It's not over until I winskype id: karasinga. email: kkarasinga@gmail.com
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Rank: Member Joined: 1/3/2014 Posts: 257
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karasinga wrote:karasinga wrote:Gatheuzi wrote:snipermnoma wrote:Sparkly, good one. In fact the bus clearly reads DODGE. Gotta dodge this one. With 5 doors on one side alone, expect mass boarding And it came to pass, price settled at an aforementioned zone. ing ing ing...... My thoughts on the chart My thoughts are that the low of 2.70 was the end of the 5 wave down. We thus began a new 5 wave impulse wave. The recent high of 4.20 was the end of the wave (i) of (1). Wave (ii) of (1) ended at 3.1. We are now on wave (iii) of (1). As @karasinga says...baby steps
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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obiero wrote:obiero wrote:enyands wrote:obiero wrote:VituVingiSana wrote:mlennyma wrote:enyands wrote:VituVingiSana wrote:enyands wrote:VituVingiSana wrote:Gatheuzi wrote:Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj? The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company. Hope DJ didn't have any hand in this It would not surprise me. Not at all. If that's the case let the shafting continue .... kenyan land cases take ages,si wata collapse? This can be tied up in court for upto 5 years! Poor Uchumi if they are on the winning side because it means it needs to spend cash to fight the case and cannot sell the property until the case is over. hence reason it still appears on yasserbigchair stocks to sell I would sell if I had shares here. This is a time bomb in the making . I feel sorry for the former kws, I guess he should go back to equity I told you this guy is disruptive. Too quick to act. Simply asking around, would have made him aware that the Langata hyper land was illegally acquired. Heck, he could even have searched wazua! 21.11.2015 Uchumi shall not recover in the short run. If anyone here has shares, better sell at a loss than wait for the full results
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Ericsson wrote:Julius Kipngetich in yesterday's news said the turn around fruits of Uchumi will start being seeing in 8 weeks.
Let's give him the benefit and see 6 months down the road, no progress. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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obiero wrote:Spikes wrote:obiero wrote:obiero wrote:obiero wrote:enyands wrote:obiero wrote:VituVingiSana wrote:mlennyma wrote:enyands wrote:VituVingiSana wrote:enyands wrote:VituVingiSana wrote:Gatheuzi wrote:Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj? The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company. Hope DJ didn't have any hand in this It would not surprise me. Not at all. If that's the case let the shafting continue .... kenyan land cases take ages,si wata collapse? This can be tied up in court for upto 5 years! Poor Uchumi if they are on the winning side because it means it needs to spend cash to fight the case and cannot sell the property until the case is over. hence reason it still appears on yasserbigchair stocks to sell I would sell if I had shares here. This is a time bomb in the making . I feel sorry for the former kws, I guess he should go back to equity I told you this guy is disruptive. Too quick to act. Simply asking around, would have made him aware that the Langata hyper land was illegally acquired. Heck, he could even have searched wazua! 21.11.2015 On 15.10.2015 I warned all about the imminent doom. On 21.11.2015 a reminder was issued.. the exchange bar never gets it wrong. I sell KCB at 60 and it tanks all the way to KES 35, they call it luck. I offload HF at KES 30 and it falls to KES 19, they call it luck. Now, with KQ and it rises to KES 24, they shall again call it luck?? Binadamu jameni If you are not part of insider job how do you know 24/- high? Uchumi has deep troubles. Keep far away JBB were screwed over. A con job overseen by the securities authorities http://kenyanwallstreet....167-million-loss-fy-2016
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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obiero wrote:obiero wrote:Spikes wrote:obiero wrote:obiero wrote:obiero wrote:enyands wrote:obiero wrote:VituVingiSana wrote:mlennyma wrote:enyands wrote:VituVingiSana wrote:enyands wrote:VituVingiSana wrote:[quote=Gatheuzi]Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj? The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company. Hope DJ didn't have any hand in this It would not surprise me. Not at all. If that's the case let the shafting continue .... kenyan land cases take ages,si wata collapse? This can be tied up in court for upto 5 years! Poor Uchumi if they are on the winning side because it means it needs to spend cash to fight the case and cannot sell the property until the case is over. hence reason it still appears on yasserbigchair stocks to sell I would sell if I had shares here. This is a time bomb in the making . I feel sorry for the former kws, I guess he should go back to equity I told you this guy is disruptive. Too quick to act. Simply asking around, would have made him aware that the Langata hyper land was illegally acquired. Heck, he could even have searched wazua! 21.11.2015 On 15.10.2015 I warned all about the imminent doom. On 21.11.2015 a reminder was issued.. the exchange bar never gets it wrong. I sell KCB at 60 and it tanks all the way to KES 35, they call it luck. I offload HF at KES 30 and it falls to KES 19, they call it luck. Now, with KQ and it rises to KES 24, they shall again call it luck?? Binadamu jameni If you are not part of insider job how do you know 24/- high? Uchumi has deep troubles. Keep far away JBB were screwed over. A con job overseen by the securities authorities http://kenyanwallstreet....67-million-loss-fy-2016[/quote] Poor Kipngetich http://www.businessdaily...00650-159jx5r/index.html
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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obiero wrote:obiero wrote:obiero wrote:Spikes wrote:obiero wrote:obiero wrote:obiero wrote:enyands wrote:obiero wrote:VituVingiSana wrote:mlennyma wrote:enyands wrote:VituVingiSana wrote:enyands wrote:VituVingiSana wrote:[quote=Gatheuzi]Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj? The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company. Hope DJ didn't have any hand in this It would not surprise me. Not at all. If that's the case let the shafting continue .... kenyan land cases take ages,si wata collapse? This can be tied up in court for upto 5 years! Poor Uchumi if they are on the winning side because it means it needs to spend cash to fight the case and cannot sell the property until the case is over. hence reason it still appears on yasserbigchair stocks to sell I would sell if I had shares here. This is a time bomb in the making . I feel sorry for the former kws, I guess he should go back to equity I told you this guy is disruptive. Too quick to act. Simply asking around, would have made him aware that the Langata hyper land was illegally acquired. Heck, he could even have searched wazua! 21.11.2015 On 15.10.2015 I warned all about the imminent doom. On 21.11.2015 a reminder was issued.. the exchange bar never gets it wrong. I sell KCB at 60 and it tanks all the way to KES 35, they call it luck. I offload HF at KES 30 and it falls to KES 19, they call it luck. Now, with KQ and it rises to KES 24, they shall again call it luck?? Binadamu jameni If you are not part of insider job how do you know 24/- high? Uchumi has deep troubles. Keep far away JBB were screwed over. A con job overseen by the securities authorities http://kenyanwallstreet....67-million-loss-fy-2016[/quote] Poor Kipngetich http://www.businessdaily...0650-159jx5r/index.html
Kipngetich wasn't cut out for this position
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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Here is what the staff at Uchumi think of the former CEO http://www.businessdaily...219286-leb2s2/index.html
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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obiero wrote:Spikes wrote:obiero wrote:obiero wrote:obiero wrote:enyands wrote:obiero wrote:VituVingiSana wrote:mlennyma wrote:enyands wrote:VituVingiSana wrote:enyands wrote:VituVingiSana wrote:Gatheuzi wrote:Just wondering if any creditor say a bank might have relied on Lang'ata Branch title to secure a loan against Uchumi. Was the branch built during the days of good old dj? The issue may not be the branch [or where it is located] but the 'other' land adjacent to Wilson. The original hypermart was built in the 90s when Suresh Shah was the MD when Uchumi was already a public company. Hope DJ didn't have any hand in this It would not surprise me. Not at all. If that's the case let the shafting continue .... kenyan land cases take ages,si wata collapse? This can be tied up in court for upto 5 years! Poor Uchumi if they are on the winning side because it means it needs to spend cash to fight the case and cannot sell the property until the case is over. hence reason it still appears on yasserbigchair stocks to sell I would sell if I had shares here. This is a time bomb in the making . I feel sorry for the former kws, I guess he should go back to equity I told you this guy is disruptive. Too quick to act. Simply asking around, would have made him aware that the Langata hyper land was illegally acquired. Heck, he could even have searched wazua! 21.11.2015 On 15.10.2015 I warned all about the imminent doom. On 21.11.2015 a reminder was issued.. the exchange bar never gets it wrong. I sell KCB at 60 and it tanks all the way to KES 35, they call it luck. I offload HF at KES 30 and it falls to KES 19, they call it luck. Now, with KQ and it rises to KES 24, they shall again call it luck?? Binadamu jameni If you are not part of insider job how do you know 24/- high? basically prior to the rights issue when @vvs was one of us.. the KQ share was trading at range over KES 30 - 52 for over 1 year. News of the rights trended it on a harsh spiral downwards to circa KES 14 being the rights price.. In essence, no shareholder bought at KES 14 expecting the share to remain at KES 14; but rather appreciate in value. Further, the volumes noted at KES 8.50 were among the highest on record. In essence, the fair price of KQ even as of this day, should be KES 8.50 at a minimum. Upon improved performance, KES 15.00 and upon return to profit ways no one knows how high we shall go, but KES 24 is assured.. Posted on June 24, the year 2016
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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VituVingiSana wrote:Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Gathige wrote:VituVingiSana wrote:Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving Yes, but it has to be declared bankrupt, delisted and given over to the creditors so they can restructure it. I do not mean Uchumi should be closed BUT it should be owned and controlled by suppliers and employees. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 3/29/2011 Posts: 2,242
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VituVingiSana wrote:Gathige wrote:VituVingiSana wrote:Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving Yes, but it has to be declared bankrupt, delisted and given over to the creditors so they can restructure it. I do not mean Uchumi should be closed BUT it should be owned and controlled by suppliers and employees. Very true. There are two local supermarkets in my locality that are always full. There is an uchumi too that has very few customers and shelves always empty. Too sad how such a local jewel was looted by management and they went Scott free. For those old enough, they know when new supermarkets came up, they were all referred as Uchumis as that was a synonym of everything supermarket "Things that matter most must never be at the mercy of things that matter least." Goethe
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Rank: Elder Joined: 6/23/2009 Posts: 13,517 Location: nairobi
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VituVingiSana wrote:Gathige wrote:VituVingiSana wrote:Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving Yes, but it has to be declared bankrupt, delisted and given over to the creditors so they can restructure it. I do not mean Uchumi should be closed BUT it should be owned and controlled by suppliers and employees. There's no better way forward than what @vvs suggests. This is a small business with no national importance hence no need for GOK influence/support
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Member Joined: 4/4/2007 Posts: 91
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obiero wrote:VituVingiSana wrote:Gathige wrote:VituVingiSana wrote:Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving Yes, but it has to be declared bankrupt, delisted and given over to the creditors so they can restructure it. I do not mean Uchumi should be closed BUT it should be owned and controlled by suppliers and employees. There's no better way forward than what @vvs suggests. This is a small business with no national importance hence no need for GOK influence/support Unlike Nakumatt , Uchumi have real estate assets that can be leveraged to get in a strategic investor. How much is owed to suppliers? Knowledge is power , but action gets things done ...
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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Pirate wrote:obiero wrote:VituVingiSana wrote:Gathige wrote:VituVingiSana wrote:Uchumi, Mumias, etc should be declared bankrupt and go the way of Nakumatt. At lease for Uchumi, it can be rescued through a plan whereby the local suppliers can own it and use it as an avenue to sell their merchandise. The brand still has value, used to stock a lot of locally produced items and has premises in some strategic locations but the management and staff has been thieving Yes, but it has to be declared bankrupt, delisted and given over to the creditors so they can restructure it. I do not mean Uchumi should be closed BUT it should be owned and controlled by suppliers and employees. There's no better way forward than what @vvs suggests. This is a small business with no national importance hence no need for GOK influence/support Unlike Nakumatt , Uchumi have real estate assets that can be leveraged to get in a strategic investor. How much is owed to suppliers?  Exiting CEO leaves shelves emptier than he found them. Ref DAILY NATION DEC 8 2017 PG.31 "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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http://www.theeastafrica...221740-7ufo3w/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 9/16/2006 Posts: 228
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finally uchumi has commence re-stocking of their branches starting today. “I don’t regret the things I’ve done, I regret the things I didn’t do when I had the chance.”
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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uchumi wrote:finally uchumi has commence re-stocking of their branches starting today. Coming from @uchumi itself  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 8/10/2014 Posts: 969 Location: Kenya
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uchumi wrote:finally uchumi has commence re-stocking of their branches starting today. Still has a long way to go. Has to regain customers trust plus keep shelves stocked up
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Uchumi - A value play?
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