wazua Wed, Jan 1, 2025
Welcome Guest Search | Active Topics | Log In | Register

2 Pages<12
Uchumi FY16 loss Ksh 2.8Bn
Options
Previous Topic · Next Topic
VituVingiSana
#21 Posted : Thursday, February 02, 2017 12:17:02 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,110
Location: Nairobi
sparkly wrote:
VituVingiSana wrote:
Ngogoyo wrote:
ZZE123 wrote:
Uchumi should be left to die a natural death


and the unlisted Nakumatt is falling into that.

Just a few days ago at their branch. Wife couldn't find her normal salt, nor the starsoft that she buys....well even the toilet soap was missing.

They have taken down the butchery.

and the liquor section i couldn't find my JD since Dec.

As for Uchumi, nothing is as frustrating as one or two visits without finding what you want to buy. Let it die
Which supermarket chain will survive? Nakumatt might get the $75mn to help it through the year but can Uchumi survive another year? Any idea on Tuskys and Naivas?

These chains [esp Nakumatt and Uchumi] are ripe for a takeover but it needs a good, deep pocketed and experienced operator.


How can the economy be growing at 5-7% pa while retailers of basic goods are collapsing?
Coz the 6% bandied around is an Alternative Fact. The CEO of Unga said that they (FMCG) do not see the so-called 6% since July 2016.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
VituVingiSana
#22 Posted : Thursday, February 02, 2017 12:18:39 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,110
Location: Nairobi
Ericsson wrote:
Uchumi can survive if;
--They get a ksh.4-5bn bailout
--Pay out suppliers debt and in turn they will restock the shelf with the necessary stock
--Halt any further expansions and opening of branches.
--Repay the creditors from the revenue generated
--Start opening branches when creditors have been paid

With the strategic locations they have their branches customers who love Uchumi will drive to them
Who is going to bail out Uchumi? GoK? The government should NOT be in the business of Business. Let it die. Someone else will step in and buy the branches without all the debt/drama/employees.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Back to top
 Report Abusive | Report SPAM
Ericsson
#23 Posted : Thursday, February 02, 2017 1:11:53 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
VituVingiSana wrote:
Ericsson wrote:
Uchumi can survive if;
--They get a ksh.4-5bn bailout
--Pay out suppliers debt and in turn they will restock the shelf with the necessary stock
--Halt any further expansions and opening of branches.
--Repay the creditors from the revenue generated
--Start opening branches when creditors have been paid

With the strategic locations they have their branches customers who love Uchumi will drive to them
Who is going to bail out Uchumi? GoK? The government should NOT be in the business of Business. Let it die. Someone else will step in and buy the branches without all the debt/drama/employees.


Unga
Mumias
Kenya Industrial estates
can buy Uchumi
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
Lolest!
#24 Posted : Thursday, February 02, 2017 6:25:23 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Ericsson wrote:
Uchumi can survive if;
--They get a ksh.4-5bn bailout
--Pay out suppliers debt and in turn they will restock the shelf with the necessary stock
--Halt any further expansions and opening of branches.
--Repay the creditors from the revenue generated
--Start opening branches when creditors have been paid

With the strategic locations they have their branches customers who love Uchumi will drive to them

Uchumi Express-their franchise plan-has not been implemented? Thought it was a great idea
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Back to top
 Report Abusive | Report SPAM
Ericsson
#25 Posted : Thursday, February 02, 2017 9:52:51 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Uchumi allocated ksh.500mn in the supplementary budget
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
Ericsson
#26 Posted : Thursday, February 02, 2017 10:00:07 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Forgot to add money is to finance operations
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
Gatheuzi
#27 Posted : Friday, February 03, 2017 7:35:00 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 994
Ericsson wrote:
VituVingiSana wrote:
Ericsson wrote:
Uchumi can survive if;
--They get a ksh.4-5bn bailout
--Pay out suppliers debt and in turn they will restock the shelf with the necessary stock
--Halt any further expansions and opening of branches.
--Repay the creditors from the revenue generated
--Start opening branches when creditors have been paid

With the strategic locations they have their branches customers who love Uchumi will drive to them
Who is going to bail out Uchumi? GoK? The government should NOT be in the business of Business. Let it die. Someone else will step in and buy the branches without all the debt/drama/employees.


Unga
Mumias
Kenya Industrial estates
can buy Uchumi

Talk of a monkey buying another.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
Back to top
 Report Abusive | Report SPAM
Chaka
#28 Posted : Friday, February 03, 2017 12:00:53 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
Ericsson wrote:
Uchumi allocated ksh.500mn in the supplementary budget

Why is the gov so obsessed with this monkey?
Back to top
 Report Abusive | Report SPAM
mlennyma
#29 Posted : Friday, February 03, 2017 12:56:32 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,183
Location: nairobi
Chaka wrote:
Ericsson wrote:
Uchumi allocated ksh.500mn in the supplementary budget

Why is the gov so obsessed with this monkey?

may be someone influential had many shares he can't lose
"Don't let the fear of losing be greater than the excitement of winning."
Back to top
WWW
 Report Abusive | Report SPAM
maka
#30 Posted : Thursday, February 16, 2017 2:29:46 PM
Rank: Elder


Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Back to top
 Report Abusive | Report SPAM
Pesa Nane
#31 Posted : Tuesday, October 31, 2017 11:45:38 AM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
CMA!!!!!!!!
Pesa Nane plans to be shilingi when he grows up.
Back to top
 Report Abusive | Report SPAM
Angelica _ann
#32 Posted : Tuesday, October 31, 2017 12:09:18 PM
Rank: Elder


Joined: 12/7/2012
Posts: 11,908
Pesa Nane wrote:
CMA!!!!!!!!


Now this has become a tradition for Uchumi & EAPC. OK!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Back to top
 Report Abusive | Report SPAM
Ericsson
#33 Posted : Tuesday, October 31, 2017 12:28:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Angelica _ann wrote:
Pesa Nane wrote:
CMA!!!!!!!!


Now this has become a tradition for Uchumi & EAPC. OK!

Who in this forum owns shares there
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
Ericsson
#34 Posted : Wednesday, November 08, 2017 10:37:29 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,699
Location: NAIROBI
Andrew Dixon, the immediate former Chief Marketing Officer (CMO) of troubled retail chain Nakumatt Suprmarkets has landed a new role at Uchumi Supermarkets, as the Chief Operating Officer (COO).
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Back to top
WWW
 Report Abusive | Report SPAM
Pesa Nane
#35 Posted : Wednesday, November 08, 2017 1:20:20 PM
Rank: Elder


Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest
2 Pages<12
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2024 Wazua.co.ke. All Rights Reserved.