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Uchumi - A value play?
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mkate_nusu
#491 Posted : Tuesday, February 04, 2020 1:22:52 AM
Rank: Member

Joined: 5/30/2016
Posts: 332
Location: Kayole
Dead "company"
KEGN, KPLC, KQ, SCOM
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Angelica _ann
#492 Posted : Wednesday, February 26, 2020 5:01:01 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Uchumi Buru Buru space taken over by Quick-Mart opening in March 2020. Uchumi is DEAD!!!
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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RIEK01
#493 Posted : Thursday, February 27, 2020 7:38:13 AM
Rank: New-farer

Joined: 2/8/2018
Posts: 73
Nairobi west franchise closed.
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Ericsson
#494 Posted : Thursday, February 27, 2020 9:35:04 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
RIEK01 wrote:
Nairobi west franchise closed.

Let it Rest in Peace.
The company is tired
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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HaMaina
#495 Posted : Friday, February 28, 2020 4:39:50 PM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Ericsson wrote:
RIEK01 wrote:
Nairobi west franchise closed.

Let it Rest in Peace.
The company is tired


Uchumi’s agony as High Court sets repeat creditors vote.

-The troubled retailer is expected to stage a second creditors meeting on March 2 and an ultimate vote which will in principal determine the continuity of the 45 year old retailer.
“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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VituVingiSana
#496 Posted : Friday, February 28, 2020 8:13:12 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,344
Location: Nairobi
HaMaina wrote:
Ericsson wrote:
RIEK01 wrote:
Nairobi west franchise closed.

Let it Rest in Peace.
The company is tired


Uchumi’s agony as High Court sets repeat creditors vote.

-The troubled retailer is expected to stage a second creditors meeting on March 2 and an ultimate vote which will in principal determine the continuity of the 45 year old retailer.
It's time to call it a day and unplug it from the ventilator.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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FUNKY
#497 Posted : Wednesday, March 04, 2020 5:49:09 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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FUNKY
#498 Posted : Wednesday, March 11, 2020 9:56:44 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
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HaMaina
#499 Posted : Monday, March 16, 2020 10:41:36 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
Milk firm pursues Uchumi closure
“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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KaunganaDoDo
#500 Posted : Monday, March 16, 2020 11:12:28 AM
Rank: Member

Joined: 8/6/2018
Posts: 299
HaMaina wrote:
Milk firm pursues Uchumi closure


Its old case that is just coming up for routine hearing, which will not be adjudicated on due to the development of CVA with creditors agreed in March 2020
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