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SHOULD UCHUMI BE RE-LISTED??? by yaserbigchair
Rank: Member Joined: 7/19/2006 Posts: 113 Location: Mombasa
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I HOLD A BIG NO! How about you guys??? Uchumi has current liabilities worth Sh1.3 billion, which exceed its current assets valued at Sh1.2 billion by about Sh100 million At year ended JUNE 2010. Regulators sets a target of net current asset ratio of at least 1.5 for companies applying for listing at the bourse, meaning that the current assets should cover liabilities at least one-and-a-half times. Even if it has reported a three years of profitability, their assets don't tell the whole story. BE AWARE, NOT TO GET BURNT! Sound that I love most: Is the ringing bell of Stock Market.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Hold a number of Uchumi. When I first read, I thought its madam CMA being difficult as they are now famed to be.
Deeper read though shows that despite Uchumi going in the right direction, more patience is required - no need to overextend, prudent financial planning. Even Nakumatt I hear today is overextended. So I'll wait patiently.
I pleasantly note the shopping throngs everytime I visit Uchumi, but can't get over the fact that shop is like a market! Why do retailers overclutter shop space - between aisles, next to cashiers - same mindset that leaves them overleveraged in their finances.
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Rank: Elder Joined: 9/15/2006 Posts: 3,905
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Hold a number of Uchumi. When I first read, I thought its madam CMA being difficult as they are now famed to be.
Deeper read though shows that despite Uchumi going in the right direction, more patience is required - no need to overextend, prudent financial planning. Even Nakumatt I hear today is overextended. So I'll wait patiently.
I pleasantly note the shopping throngs everytime I visit Uchumi, but can't get over the fact that shop is like a market! Why do retailers overclutter shop space - between aisles, next to cashiers - same mindset that leaves them overleveraged in their finances.
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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The Re-listing will give Uchumi the ability to borrow again as well as confidence for a Rights or Bond Issue... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 7/19/2006 Posts: 113 Location: Mombasa
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But the company should first be able to finance its own operations. Thousands of Kenyans made loss from it. We don't need very risky companies as more might loss. And the worst from it was on the THEFT PART! Just like what Cables is doing at Tanzania and they are telling us they have correct it. Lets see what will happen with cables in the next 4 years. But shareholders of this company should always track its reports. Sound that I love most: Is the ringing bell of Stock Market.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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yaserbigchair wrote:I HOLD A BIG NO...
...Regulators sets a target of net current asset ratio of at least 1.5 for companies applying for listing at the bourse, meaning that the current assets should cover liabilities at least one-and-a-half times.
who are you now, the CMA? Of course it should be re-listed so that i can sell whatever i have or buy more. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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So... perhaps in @YouKnowWho view KPLC should have not have had a Rights Offer... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 12/9/2010 Posts: 894 Location: Nairobi
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uchumi has remained a financial trap 4 many and its relisting is eagerly awaited by many(even non shareholders). i would wish that the company meets the statutory requirements b4 its relisting. Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Rank: User Joined: 5/9/2010 Posts: 1,418 Location: Nai
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i totally agree uchumi has been a financial trap. On relisting i expect the price to fall considerably as the wanjiku investors want out of this stock. Yet again Uchumi is a BUY in our improving economy because as the economy is improving people have cash to spend on goods .And this is good for uchumi.the company has a good branch network. I am pretty much keen on its listing and as long as fundermentals ( which are good) havent changed you guyz shld take a serious look @ this company. Your future depends on your dreams so go to sleep !
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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qw25041985 wrote:Yet again Uchumi is a BUY in our improving economy... @qw what do you think is the fair price for uchumi. If it relisted today at 10/- that might be a buy, but i doubt 30/- would be a buy. Life is short. Live passionately.
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Rank: Veteran Joined: 12/9/2010 Posts: 894 Location: Nairobi
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@Sparkly don't you think 30 will be an over ambition. i however think that at 10 it would be a buy. Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Rank: Veteran Joined: 7/8/2008 Posts: 947
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sparkly wrote:qw25041985 wrote:Yet again Uchumi is a BUY in our improving economy... @qw what do you think is the fair price for uchumi. If it relisted today at 10/- that might be a buy, but i doubt 30/- would be a buy. Ati 30/-  How???
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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Meaning that guys will be trading on liabilities. Heck I can even offer my loans 4sale, any buyer out there? If relisted, wanjiku might burn fingers again. They should get their act 2getha first. TULIA.........UFUNZWE!
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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I would buy at 5 or 6bob By the way, did you have to add 'by yaserbigchair' in the title?
BBI will solve it :)
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Buyer Beware... If you know Uchumi is in trouble then only buy if you are willing to risk it... So saying wanjiku will be conned means either wanjiku is stupid OR wanjiku should not be investing in shares... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 7/8/2008 Posts: 947
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I am not sure what the relisting requirement are. In my few years of trading i have not seen a relisting happen.
Uchumi has too much debt to suppliers etc, it has a huge debenture. They do not have a clear strategy on their way forward and you can only bank on patriotism for so long! I think it will be a penny stock like neveready where most people lose money and some people make money trading on its fluctuations and it will stay that way for a long time.
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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@vvs, im surprised u think everyone in the NSE is as informed as u. There r guys buying eveready innocently hoping to make a killing soon enuff. Its such unsuspecting pple these rules aim to protect. TULIA.........UFUNZWE!
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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simonkabz wrote:@vvs, im surprised u think everyone in the NSE is as informed as u. There r guys buying eveready innocently hoping to make a killing soon enuff. Its such unsuspecting pple these rules aim to protect. Caveat Emptor except for outright fraud... This is not about complex calculations... Simple stuff... Wanjiku buys land, cars, etc! If the 'innocent' Wanjiku is buying Eveready to make a 'killing' [your words] Shauri yake!!!! High Risk, High Return... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/24/2007 Posts: 1,805
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Wanjiku is not an investor. We are gamblers. I Think Therefore I Am
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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There is nothing 'innocent' [stupid, yes. idiotic, yes. risky, yes. gambling, yes.] about wanting to make a killing!!! As @bweyenye says... gambling is not investing! Now I am waiting for some idiot to tell me that those sms gambling crap [zawadi 2929, etc] are luring the innocent... It lures in idiots... Says 60/- per sms!!! Ngai fafa! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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SHOULD UCHUMI BE RE-LISTED??? by yaserbigchair
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