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Uchumi - A value play?
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maka
#11 Posted : Thursday, September 25, 2014 12:59:53 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
the deal wrote:
The CEO looks bored or has run out of ideas.....maybe turn around CEO's are just good at turnarounds not driving a growth agenda.


True they should have brought in a new guy to take charge of the next phase.
possunt quia posse videntur
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the deal
#12 Posted : Thursday, September 25, 2014 1:09:47 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Cde Monomotapa wrote:
the deal wrote:
Cde Monomotapa wrote:
“The journey has started. We are not opening branches to please anybody, but in line with the economic growth in the region,” said Ciano.

They been opening branches in wrong places thus average sales per store has not been increasing...competition has locked them out of all the prime spots in the CBD i.e those next to busy bus terminals...If I'm going to Kikuyu and my bus terminal is at Odeon you don't expect me to walk all the way to Aga Khan walk to shop at Uchumi and leave Tuskys near by...look at what happened to them in Westlands...Naivas just opened a branch next to the stage...since that branch opened i have never stepped in the Uchumi across the road smile


You've been lost smile Karibu. I'd say there is safer/easier parking at the Westlands branch and the Aga Khan one is mostly busy during lunch hours.

Just took a break from the madness but now I'm back, thanks for the welcome smile the Aga Khan one has a fast food restraunt inside...but the service has detriorated...I will not wish to eat there again smile ...I thought that was a brilliant idea of having those instore fast food resraunts but ala management is not focusing on them anymore given the deterioration in service...anyways most people do their shopping after work hours or over the weekends...thats the traffic Uchumi is missing...look on Thika road...Nakumatt everywhere...Uchumi just a ka small branch near the Juja stage...what a shame hahahaha! They need to bring that rights issue...if they tell me...they will be more aggressive locally (per capita income highest in the region) & more cautious regionally I will invest smile
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Cde Monomotapa
#13 Posted : Thursday, September 25, 2014 2:06:16 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@deal, let's see. As they say, "Don't mistake activity for productivity." That must be what the CEO is alluding to.

The competitors might be swanky but how are their numbers, since being private? Could be even more dire!

Apologies. Was adding the following while you were replying to my post;

+ the value adds like booze, Cigs, Easy Coach (travel & courier) & Mpesa (ask Safcom how Uchumi drives numbers) attract/retain.

Security concerns aside, the KU branch should be a hit! (This branch alone comes with a guaranteed* catchment w/o having to compete on the main road - Thika Highway #smart)

As a btw, like Blankets & Wine & Uchumi Langata have a very lucrative relationship. ;-)
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  | | Edit by user: Thursday, September 25, 2014 2:15 PM | Reason: Not specified
jawgey
#14 Posted : Wednesday, October 01, 2014 9:59:07 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
Jonathan Ciano on citizen business centre.. watch out uchumis share price tomorrow .. smile
Seeing is believing
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jawgey
#15 Posted : Wednesday, October 01, 2014 10:01:56 PM
Rank: Member

Joined: 1/13/2014
Posts: 398
Location: Denmark
I guess it was a rights issue campaign for ciano ... 3 rights for every 8 shares held it is
Seeing is believing
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mkonomtupu
#16 Posted : Monday, November 03, 2014 3:35:01 PM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
Uchumi touches 8/= coming back to the stage where i last boarded. Prayers for the shareholders as they watch carnagePray Pray Pray

Kengen should learn from Uchumi
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maka
#17 Posted : Monday, November 03, 2014 4:18:50 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Useless supermarket...
possunt quia posse videntur
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Gordon Gekko
#18 Posted : Monday, November 03, 2014 5:50:30 PM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
I learnt a very expensive lesson with the KQ/TN team. I'm not repeating the same mistake with the UCH/JC team. I will sit out my rights, unless JC is removed from the equation now. And to imagine he rakes in a metre and change each month - very painful.
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sparkly
#19 Posted : Monday, November 03, 2014 5:56:44 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
If only Uchumi had continued on the same trajectory they were on 14 yrs ago, I would be a very rich man!
Life is short. Live passionately.
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Boris Boyka
#20 Posted : Monday, November 03, 2014 6:47:15 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
sparkly wrote:
If only Uchumi had continued on the same trajectory they were on 14 yrs ago, I would be a very rich man!

@sparkly so you're poor than you were courtesy of uchumi,MSC,kk,...I see this 2014 wasn't on your side.....2015-2016 ni yako kuwa very rich.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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