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Nakumatt sold
Rank: Member Joined: 11/7/2017 Posts: 186 Location: Nairobi
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obiero wrote:VituVingiSana wrote:@ intell - What I am asking is why wud Nakumatt needs loads of OD for FMCG items that the suppliers finance. My buddy knew of the 30-90 day periodso he expects to get paid 30-90 days (depending on the product) AFTER they deliver the goods. In any event,there has been some delay BUT he has not stopped supplying... Why? Nakumatt is a major (assume profitable) customer. He supplies prepared/boxed/canned food items (among other stuff... I cant/dont keep track)... but I noticed he is developing other channels... he better do so asap!
*** Like you said where did the cash go? Even if the delay is only 15 days. Remember how Uchumi was buying kirubi's properties???
**** Shah on the other hand used the cash to judiciously expand & invested the surplus in T-Bills.
Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Looking back Look 9 years though for the cash crunch to hit. Otherwise the thread was on point...
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Rank: Elder Joined: 6/23/2009 Posts: 13,975 Location: nairobi
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VituVingiSana wrote:@Nairobbery - Why wud a bank stop/freeze facilities when a firm is looking at an injection of cash? I wud have thought that a cash injection would make Nakumatt more attractive to the banks.
Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB Sikio la kufa haliskii dawa
KQ ABP 4.48; MTN ABP 5.20
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Nakumatt sold
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