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Uchumi HY 2018, the disaster
Rank: Veteran Joined: 4/23/2014 Posts: 909
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kayhara wrote:KaunganaDoDo wrote:Pesa Nane wrote:KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Hahaha...It has limped like a Billie Holiday on her death bed...Many times The Mortician has been called only to find the Patient Moving his eyelids... Meanwhile the fatter patients in the same Ward have gone to the Morgue... earlier Please stop talking about uchumi death, I hold about 68k pieces but I can't sell at the moment due to the serious loss on the account, I will hold hoping for positive news on 17th, my other monkeys have stopped bleeding ie mumias and homeafrika, hii ni pressure. 17th of which month ? And what news are you counting on ? “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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HaMaina wrote:kayhara wrote:KaunganaDoDo wrote:Pesa Nane wrote:KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Hahaha...It has limped like a Billie Holiday on her death bed...Many times The Mortician has been called only to find the Patient Moving his eyelids... Meanwhile the fatter patients in the same Ward have gone to the Morgue... earlier Please stop talking about uchumi death, I hold about 68k pieces but I can't sell at the moment due to the serious loss on the account, I will hold hoping for positive news on 17th, my other monkeys have stopped bleeding ie mumias and homeafrika, hii ni pressure. 17th of which month ? And what news are you counting on ? there is a mention of the liquidation case tomorrow by githunguri dairy To Each His Own
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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kayhara wrote:HaMaina wrote:kayhara wrote:KaunganaDoDo wrote:Pesa Nane wrote:KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Hahaha...It has limped like a Billie Holiday on her death bed...Many times The Mortician has been called only to find the Patient Moving his eyelids... Meanwhile the fatter patients in the same Ward have gone to the Morgue... earlier Please stop talking about uchumi death, I hold about 68k pieces but I can't sell at the moment due to the serious loss on the account, I will hold hoping for positive news on 17th, my other monkeys have stopped bleeding ie mumias and homeafrika, hii ni pressure. 17th of which month ? And what news are you counting on ? there is a mention of the liquidation case tomorrow by githunguri dairy Quote:https://www.businessdailyafrica.com/corporate/companies/Uchumi-wind-up-claims-approach-Sh500-million/4003102-4811128-ywb1as/index.html Thing are thick n this one, the winding up with 500 million claims, GoK can spit up that amount maisha iendelee To Each His Own
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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kayhara wrote:kayhara wrote:HaMaina wrote:kayhara wrote:KaunganaDoDo wrote:Pesa Nane wrote:KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Hahaha...It has limped like a Billie Holiday on her death bed...Many times The Mortician has been called only to find the Patient Moving his eyelids... Meanwhile the fatter patients in the same Ward have gone to the Morgue... earlier Please stop talking about uchumi death, I hold about 68k pieces but I can't sell at the moment due to the serious loss on the account, I will hold hoping for positive news on 17th, my other monkeys have stopped bleeding ie mumias and homeafrika, hii ni pressure. 17th of which month ? And what news are you counting on ? there is a mention of the liquidation case tomorrow by githunguri dairy Quote:https://www.businessdailyafrica.com/corporate/companies/Uchumi-wind-up-claims-approach-Sh500-million/4003102-4811128-ywb1as/index.html Thing are thick n this one, the winding up with 500 million claims, GoK can spit up that amount maisha iendelee Gone for good.This will be in the history books Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/6/2018 Posts: 299
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kayhara wrote:kayhara wrote:HaMaina wrote:kayhara wrote:KaunganaDoDo wrote:Pesa Nane wrote:KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Hahaha...It has limped like a Billie Holiday on her death bed...Many times The Mortician has been called only to find the Patient Moving his eyelids... Meanwhile the fatter patients in the same Ward have gone to the Morgue... earlier Please stop talking about uchumi death, I hold about 68k pieces but I can't sell at the moment due to the serious loss on the account, I will hold hoping for positive news on 17th, my other monkeys have stopped bleeding ie mumias and homeafrika, hii ni pressure. 17th of which month ? And what news are you counting on ? there is a mention of the liquidation case tomorrow by githunguri dairy Quote:https://www.businessdailyafrica.com/corporate/companies/Uchumi-wind-up-claims-approach-Sh500-million/4003102-4811128-ywb1as/index.html Thing are thick n this one, the winding up with 500 million claims, GoK can spit up that amount maisha iendelee This one is not going anywhere... Most creditors don't favour Liquidation...They know why...500M against total claims of 3.6B is not significant... They need more than 2B of creditors...which they don't have now.
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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KaunganaDoDo wrote:kayhara wrote:kayhara wrote:HaMaina wrote:kayhara wrote:KaunganaDoDo wrote:Pesa Nane wrote:KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Hahaha...It has limped like a Billie Holiday on her death bed...Many times The Mortician has been called only to find the Patient Moving his eyelids... Meanwhile the fatter patients in the same Ward have gone to the Morgue... earlier Please stop talking about uchumi death, I hold about 68k pieces but I can't sell at the moment due to the serious loss on the account, I will hold hoping for positive news on 17th, my other monkeys have stopped bleeding ie mumias and homeafrika, hii ni pressure. 17th of which month ? And what news are you counting on ? there is a mention of the liquidation case tomorrow by githunguri dairy Quote:https://www.businessdailyafrica.com/corporate/companies/Uchumi-wind-up-claims-approach-Sh500-million/4003102-4811128-ywb1as/index.html Thing are thick n this one, the winding up with 500 million claims, GoK can spit up that amount maisha iendelee This one is not going anywhere... Most creditors don't favour Liquidation...They know why...500M against total claims of 3.6B is not significant... They need more than 2B of creditors...which they don't have now. Anyone with access to historical data on uchumi? Has it ever hit the 0.7 lows of today? I actually bought some today, I don't know if I will be among the proverbial guys who are left holding the tail after all the best parts of a cow has been butchered. To Each His Own
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Rank: Elder Joined: 6/23/2009 Posts: 13,518 Location: nairobi
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kayhara wrote:KaunganaDoDo wrote:kayhara wrote:kayhara wrote:HaMaina wrote:kayhara wrote:KaunganaDoDo wrote:Pesa Nane wrote:KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Hahaha...It has limped like a Billie Holiday on her death bed...Many times The Mortician has been called only to find the Patient Moving his eyelids... Meanwhile the fatter patients in the same Ward have gone to the Morgue... earlier Please stop talking about uchumi death, I hold about 68k pieces but I can't sell at the moment due to the serious loss on the account, I will hold hoping for positive news on 17th, my other monkeys have stopped bleeding ie mumias and homeafrika, hii ni pressure. 17th of which month ? And what news are you counting on ? there is a mention of the liquidation case tomorrow by githunguri dairy Quote:https://www.businessdailyafrica.com/corporate/companies/Uchumi-wind-up-claims-approach-Sh500-million/4003102-4811128-ywb1as/index.html Thing are thick n this one, the winding up with 500 million claims, GoK can spit up that amount maisha iendelee This one is not going anywhere... Most creditors don't favour Liquidation...They know why...500M against total claims of 3.6B is not significant... They need more than 2B of creditors...which they don't have now. Anyone with access to historical data on uchumi? Has it ever hit the 0.7 lows of today? I actually bought some today, I don't know if I will be among the proverbial guys who are left holding the tail after all the best parts of a cow has been butchered. You will be worse than the guy you describe. Yours will be a smelly tail..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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kayhara wrote:KaunganaDoDo wrote:kayhara wrote:kayhara wrote:HaMaina wrote:kayhara wrote:KaunganaDoDo wrote:Pesa Nane wrote:KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Hahaha...It has limped like a Billie Holiday on her death bed...Many times The Mortician has been called only to find the Patient Moving his eyelids... Meanwhile the fatter patients in the same Ward have gone to the Morgue... earlier Please stop talking about uchumi death, I hold about 68k pieces but I can't sell at the moment due to the serious loss on the account, I will hold hoping for positive news on 17th, my other monkeys have stopped bleeding ie mumias and homeafrika, hii ni pressure. 17th of which month ? And what news are you counting on ? there is a mention of the liquidation case tomorrow by githunguri dairy Quote:https://www.businessdailyafrica.com/corporate/companies/Uchumi-wind-up-claims-approach-Sh500-million/4003102-4811128-ywb1as/index.html Thing are thick n this one, the winding up with 500 million claims, GoK can spit up that amount maisha iendelee This one is not going anywhere... Most creditors don't favour Liquidation...They know why...500M against total claims of 3.6B is not significant... They need more than 2B of creditors...which they don't have now. Anyone with access to historical data on uchumi? Has it ever hit the 0.7 lows of today? I actually bought some today, I don't know if I will be among the proverbial guys who are left holding the tail after all the best parts of a cow has been butchered. I'm with you here, also put kidogo money on this one. let me see how it plays out. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Monkey MUST die. Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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One GoK agency kicking out another GoK entity  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: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Handshake manenos,each GoK entity is on it's own when it comes to agreements with another entity. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 13,518 Location: nairobi
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Ericsson wrote:Handshake manenos,each GoK entity is on it's own when it comes to agreements with another entity. I'm ready to bury the monkey.. We would rather put it down
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: 8/6/2018 Posts: 299
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obiero wrote:Ericsson wrote:Handshake manenos,each GoK entity is on it's own when it comes to agreements with another entity. I'm ready to bury the monkey.. We would rather put it down This one is not dying. Like Marcus Brutus, it will die on its own timing. After the death of Nakumatt, down with Billions in creditors money...This one will be managed till its on its feet. Shareholders will have to take pain killers....Nowonder the creditors can not raise the requisite vote.
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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Weh looking at my loss column is depressing we ere down to 0.65 this morning, another case today with management asking to be let in to the Industrial area head offices, Just wondering how safe I am with my few shillings in this thing, can treasury afford or willing to write off the loss it would incur if Uchumi was to go down? that's what I am counting on. To Each His Own
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Rank: Veteran Joined: 7/1/2014 Posts: 903 Location: sky
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kayhara wrote:Weh looking at my loss column is depressing we ere down to 0.65 this morning, another case today with management asking to be let in to the Industrial area head offices, Just wondering how safe I am with my few shillings in this thing, can treasury afford or willing to write off the loss it would incur if Uchumi was to go down? that's what I am counting on. the government is already struggling if you own a share which may need government bailout be very very worried 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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Rank: Member Joined: 8/6/2018 Posts: 299
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littledove wrote:kayhara wrote:Weh looking at my loss column is depressing we ere down to 0.65 this morning, another case today with management asking to be let in to the Industrial area head offices, Just wondering how safe I am with my few shillings in this thing, can treasury afford or willing to write off the loss it would incur if Uchumi was to go down? that's what I am counting on. the government is already struggling if you own a share which may need government bailout be very very worried The GoK has already escalated its position in Uchumi...1.2B in shareholders loans plus their 14% shareholding....But the biggest issue is that the GoK will stand accused of being a principal shareholder in a firm that has gone down with Creditors money...The government has "Sank With People s money"...This one is not going anywhere soon. UNLESS OTHERWISE.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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littledove wrote:kayhara wrote:Weh looking at my loss column is depressing we ere down to 0.65 this morning, another case today with management asking to be let in to the Industrial area head offices, Just wondering how safe I am with my few shillings in this thing, can treasury afford or willing to write off the loss it would incur if Uchumi was to go down? that's what I am counting on. the government is already struggling if you own a share which may need government bailout be very very worried Agreed Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Uchumi share price very close to reaching Deacons where trading will be stopped. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Ericsson wrote:Uchumi share price very close to reaching Deacons where trading will be stopped.
Monkeys lives extended HAPAPesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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Now DCI allegedly has taken over the Uchumi headquarters, I hope this is to arrested,jail and recover stolen funds from kina Ciano and co. And may be saving the monkey I am sure Rotich won't let this one slip from the tree,wacha tuone, Niko 40% down on this one To Each His Own
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