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Uchumi - A value play?
Rank: Member Joined: 11/10/2010 Posts: 281 Location: Nairobi
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KaunganaDoDo wrote:FUNKY wrote:I have a feeling like naivas took over all the remaining 6 nakumatt branches something similar might be in the offing for uchumi....these are just my two cents I can be wrong also! False Rumours...Uchumi has secured creditors restructuring...People have been saying so for the last 2 years, but see, its still around...and those that doesnt do research will continue making such promulgation, but Uchumi will not be folding up anytime soon... Uchumi still around as a going concern or as wishful thinking ?
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Rank: Member Joined: 8/6/2018 Posts: 299
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madhaquer wrote:KaunganaDoDo wrote:FUNKY wrote:I have a feeling like naivas took over all the remaining 6 nakumatt branches something similar might be in the offing for uchumi....these are just my two cents I can be wrong also! False Rumours...Uchumi has secured creditors restructuring...People have been saying so for the last 2 years, but see, its still around...and those that doesnt do research will continue making such promulgation, but Uchumi will not be folding up anytime soon... Uchumi still around as a going concern or as wishful thinking ? If it has survived the last 3 years, then it is a going Concern....Nakumatt, Choppies et al have died ...This one is still with suppliers' goodwill....It can only die when it dies. Going concern is as a result of creditors action in the next trading period, which to Uchumi are positives...
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Rank: New-farer Joined: 2/8/2018 Posts: 73
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Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public.
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Rank: Member Joined: 8/6/2018 Posts: 299
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RIEK01 wrote:Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public. Please dont go away, You will be reminded of this when time comes. How can it die 5 times? it died in 2015, it died in 2016, it died in 2017, it died in 2018, it died in 2019? surely , one person can not die this quite often?
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 6/23/2009 Posts: 14,211 Location: nairobi
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KaunganaDoDo wrote:RIEK01 wrote:Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public. Please dont go away, You will be reminded of this when time comes. How can it die 5 times? it died in 2015, it died in 2016, it died in 2017, it died in 2018, it died in 2019? surely , one person can not die this quite often? GoK firms die a hard stubborn death. Look at EAPCC, MSC, NBK, KENRE, KQ
KQ ABP 4.26
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Rank: Chief Joined: 1/3/2007 Posts: 18,342 Location: Nairobi
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obiero wrote:KaunganaDoDo wrote:RIEK01 wrote:Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public. Please dont go away, You will be reminded of this when time comes. How can it die 5 times? it died in 2015, it died in 2016, it died in 2017, it died in 2018, it died in 2019? surely , one person can not die this quite often? GoK firms die a hard stubborn death. Look at EAPCC, MSC, NBK, KENRE, KQ  Profit after Profit after Profit  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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VituVingiSana wrote:obiero wrote:KaunganaDoDo wrote:RIEK01 wrote:Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public. Please dont go away, You will be reminded of this when time comes. How can it die 5 times? it died in 2015, it died in 2016, it died in 2017, it died in 2018, it died in 2019? surely , one person can not die this quite often? GoK firms die a hard stubborn death. Look at EAPCC, MSC, NBK, KENRE, KQ Profit after Profit after Profit Why would Kenya Re be in that list? 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: 6/23/2009 Posts: 14,211 Location: nairobi
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Angelica _ann wrote:VituVingiSana wrote:obiero wrote:KaunganaDoDo wrote:RIEK01 wrote:Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public. Please dont go away, You will be reminded of this when time comes. How can it die 5 times? it died in 2015, it died in 2016, it died in 2017, it died in 2018, it died in 2019? surely , one person can not die this quite often? GoK firms die a hard stubborn death. Look at EAPCC, MSC, NBK, KENRE, KQ Profit after Profit after Profit Why would Kenya Re be in that list? I had missed Chief. Isnt it obvious
KQ ABP 4.26
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Rank: Veteran Joined: 4/4/2016 Posts: 2,016 Location: Kitale
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obiero wrote:KaunganaDoDo wrote:RIEK01 wrote:Uchumi is dead.If this was listed in the NYSE would it still be trading?
The noose is tightening by the day,Landlords are kicking them out one by one the last being BuruBuru earlier this month.
When a company has not published its results for 2.5 years ( June 2018 and June 2019) now going to Dec 19, one does not need to be a rocket scientist to know that there is a serious problem that releasing the results will cause a collapse.
It is sad that people take so long to open there eyes to reality. Anyway the its your money and thus you have the prerogative on how to use it.
When the inevitable happens, investors should consider class action against CMA for not taking preventative measures in protecting member of the public. Please dont go away, You will be reminded of this when time comes. How can it die 5 times? it died in 2015, it died in 2016, it died in 2017, it died in 2018, it died in 2019? surely , one person can not die this quite often? GoK firms die a hard stubborn death. Look at EAPCC, MSC, NBK, KENRE, KQ NBK has been bought by kcb group.Now stable. Towards the goal of financial freedom
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Uchumi - A value play?
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