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Nakumatt: Another ailing Kenyan company
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Ericsson
#151 Posted : Thursday, April 20, 2017 11:13:42 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
Someonee to give an insider info on the banks which are exposed to Nakumatt i.e Nakumatt owes them debt.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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kawi254
#152 Posted : Thursday, April 20, 2017 12:50:40 PM
Rank: Member

Joined: 2/20/2015
Posts: 468
Location: Nairobi
Ericsson wrote:
Someonee to give an insider info on the banks which are exposed to Nakumatt i.e Nakumatt owes them debt.


Imperial & Chase bank debacle could have locked up their working capital...Nakumatts irrational exuberance expansion could have been funded by Imperial Bank and when the centre couldn't hold things fell apart
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Kausha
#153 Posted : Thursday, April 20, 2017 9:29:22 PM
Rank: Member

Joined: 2/8/2007
Posts: 808
Nakumatt banks at Standard Chartered principally
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Pesa Nane
#154 Posted : Thursday, April 20, 2017 9:42:07 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Chaka wrote:
How is Uchumi faring?Have not been to any branch in a while?

Pesa Nane plans to be shilingi when he grows up.
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Chaka
#155 Posted : Thursday, April 20, 2017 10:28:58 PM
Rank: Elder

Joined: 2/16/2007
Posts: 2,114
Ok,so amazing arrangement=amazing sales?
Pesa Nane wrote:
Chaka wrote:
How is Uchumi faring?Have not been to any branch in a while?
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murchr
#156 Posted : Friday, April 21, 2017 2:31:55 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Chaka wrote:
Ok,so amazing arrangement=amazing sales?

Pesa Nane wrote:
Chaka wrote:
How is Uchumi faring?Have not been to any branch in a while?




Maybe not amazing sales, but that sure is some amazing confidence from suppliers. Seems like Uchumi is finally paying bills.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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Bigchick
#157 Posted : Friday, April 21, 2017 4:15:52 AM
Rank: Elder

Joined: 2/8/2013
Posts: 4,068
Location: At Large.
Pesa Nane wrote:
When is the announcement?




Nakumatt Embakassi is moving yo the new mall afew meters away from current location.Maybe the reason.....
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
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KulaRaha
#158 Posted : Friday, April 21, 2017 7:40:46 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
murchr wrote:
Chaka wrote:
Ok,so amazing arrangement=amazing sales?

Pesa Nane wrote:
Chaka wrote:
How is Uchumi faring?Have not been to any branch in a while?




Maybe not amazing sales, but that sure is some amazing confidence from suppliers. Seems like Uchumi is finally paying bills.


Really? Many suppliers wrote off receivables from Uchumi as a loss in December last year. You really think they would go back and supply after that?

Fiction.
Business opportunities are like buses,there's always another one coming
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Ericsson
#159 Posted : Friday, April 21, 2017 7:57:43 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
KulaRaha wrote:
murchr wrote:
Chaka wrote:
Ok,so amazing arrangement=amazing sales?

Pesa Nane wrote:
Chaka wrote:
How is Uchumi faring?Have not been to any branch in a while?




Maybe not amazing sales, but that sure is some amazing confidence from suppliers. Seems like Uchumi is finally paying bills.


Really? Many suppliers wrote off receivables from Uchumi as a loss in December last year. You really think they would go back and supply after that?

Fiction.


The suppliers are being paid their debt . That's why like someone mentioned new kcc is back supplying milk, coca cola etc.
Uchumi was also given sh.500mn loan by GoK to start clearing arrears owed to suppliers
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Ericsson
#160 Posted : Friday, April 21, 2017 12:48:22 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,811
Location: NAIROBI
Kausha wrote:
Nakumatt banks at Standard Chartered principally


So Stanchart may need to prepare to put a provision of bad debts incase Nakumatt doesn't get a suitor.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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