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Uchumi HY 2018, the disaster
Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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Care givers have scattered. Monkey must die.   Pesa Nane plans to be shilingi when he grows up.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Struggling Uchumi winding up claims hit Sh900 million https://www.businessdail...4832948-9mbg9/index.htmlGreedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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There seems to be work ongoing inside Uchumi Ongata Ronga. Does anyone have any info? or maybe its just another supermarket about to start. “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: New-farer Joined: 8/1/2018 Posts: 60 Location: Nairobi
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HaMaina wrote:There seems to be work ongoing inside Uchumi Ongata Ronga. Does anyone have any info? or maybe its just another supermarket about to start. Choppies is taking up the space.
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Rank: Elder Joined: 6/23/2009 Posts: 13,518 Location: nairobi
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Kibe21 wrote:HaMaina wrote:There seems to be work ongoing inside Uchumi Ongata Ronga. Does anyone have any info? or maybe its just another supermarket about to start. Choppies is taking up the space. There is no company which I have diagnosed to be dying that has not eventually died. None
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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obiero wrote:Kibe21 wrote:HaMaina wrote:There seems to be work ongoing inside Uchumi Ongata Ronga. Does anyone have any info? or maybe its just another supermarket about to start. Choppies is taking up the space. There is no company which I have diagnosed to be dying that has not eventually died. None Uchumi has been on the downward slope for years. No surprise there. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Uchumi inks Sh2.8bn sale contract for Kasarani land. Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes. https://www.businessdail...2098-n2ifwwz/index.html
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Rank: Veteran Joined: 11/13/2015 Posts: 1,590
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Showing Uchumi was good at real estate investment but poor in its core function retail  There are no fortunes to turn around.
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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wukan wrote:Showing Uchumi was good at real estate investment but poor in its core function retail There are no fortunes to turn around. Sold at 140m per acre. What does Pastor Mwai want to do with the land?
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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hardwood wrote:wukan wrote:Showing Uchumi was good at real estate investment but poor in its core function retail There are no fortunes to turn around. Sold at 140m per acre. What does Pastor Mwai want to do with the land? Build a church with administration offices and a full college Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Ericsson wrote:hardwood wrote:wukan wrote:Showing Uchumi was good at real estate investment but poor in its core function retail There are no fortunes to turn around. Sold at 140m per acre. What does Pastor Mwai want to do with the land? Build a church with administration offices and a full college Sure? Not subdivide into 1/8th plots for sale?
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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hardwood wrote:Ericsson wrote:hardwood wrote:wukan wrote:Showing Uchumi was good at real estate investment but poor in its core function retail There are no fortunes to turn around. Sold at 140m per acre. What does Pastor Mwai want to do with the land? Build a church with administration offices and a full college Sure? Not subdivide into 1/8th plots for sale? Nope Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Ericsson wrote:hardwood wrote:Ericsson wrote:hardwood wrote:wukan wrote:Showing Uchumi was good at real estate investment but poor in its core function retail There are no fortunes to turn around. Sold at 140m per acre. What does Pastor Mwai want to do with the land? Build a church with administration offices and a full college Sure? Not subdivide into 1/8th plots for sale? Nope 1/8 mentality will kill Nairobi & suburbs  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: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Angelica _ann wrote:Ericsson wrote:hardwood wrote:Ericsson wrote:hardwood wrote:wukan wrote:Showing Uchumi was good at real estate investment but poor in its core function retail There are no fortunes to turn around. Sold at 140m per acre. What does Pastor Mwai want to do with the land? Build a church with administration offices and a full college Sure? Not subdivide into 1/8th plots for sale? Nope 1/8 mentality will kill Nairobi & suburbs Haha. I was looking forward to buy a piece to put up a block of flats. 2brms go for 25k in that area. A block with 6 floors can give you >700k per month.
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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hardwood wrote:Angelica _ann wrote:Ericsson wrote:hardwood wrote:Ericsson wrote:hardwood wrote:wukan wrote:Showing Uchumi was good at real estate investment but poor in its core function retail There are no fortunes to turn around. Sold at 140m per acre. What does Pastor Mwai want to do with the land? Build a church with administration offices and a full college Sure? Not subdivide into 1/8th plots for sale? Nope 1/8 mentality will kill Nairobi & suburbs Haha. I was looking forward to buy a piece to put up a block of flats. 2brms go for 25k in that area. A block with 6 floors can give you >700k per month. I think the current building regulations specify that beyond the 5th floor, a lift has to be installed. Which would mean more expenses and a higher rent bracket. “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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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Inconsequential.The company is dead 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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 Take it or leave it!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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Then they expect to do business with who, thereafter.  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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