Wazua
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Nakumatt: Another ailing Kenyan company
Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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PrideInn follows them towards the grave. They could not pay, 69 million. 69 million...And we are laughing at Nakumatt. http://www.businessdaily...22254-dcvymnz/index.htmlThieves are not good people. Tumeelewana?
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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[quote=alma1]PrideInn follows them towards the grave. They could not pay, 69 million. 69 million...And we are laughing at Nakumatt. http://www.businessdaily...2254-dcvymnz/index.html[/quote] The economy is dying. sh.69mn is alot of money Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Debt is/was a 2012 affair yawa  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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Rank: New-farer Joined: 3/12/2014 Posts: 96
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Angelica _ann wrote:Debt is/was a 2012 affair yawa The secret formula I work with is; Happy Staff = Happy Customers = Happy Profits = Happy Stakeholders ~ S. Noorani
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Angelica _ann wrote:Debt is/was a 2012 affair yawa Who can pierce the viel and lay the debt levels at nakumatt with local banks. How could the banks be the last on this saga. Banks must have been supporting inefficient businesses and facilitating shafting of middle class big time. The taunted growth was in virtual world and not real at all. Sooner or latter foreclosures will be theain talk. I need a safe place keep my wealth and save myself the deflation hell. NSE has some time at the mechanic before spanner works is over. Cracks emerging very fast. Somebody should hit the brakes at the right time. For now, it has to be cause multiplier effect failed and no Government wants to run such an economy it can not multiply and divide. The story begin like this... Uchumi got whacky first Exposed banks taken to the cleaners Nakuhurt dancing like a drunken master Sublime Court darted the economy with poisoned darts Kenyans dancing to the rythms Recreations and luxury commodities on rhe rise My memory fails me, hope its not dementia or something. Wazua, help me put up this together. Probably we will write the history together for the next rainy day. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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muandiwambeu wrote:Angelica _ann wrote:Debt is/was a 2012 affair yawa Who can pierce the viel and lay the debt levels at nakumatt with local banks. How could the banks be the last on this saga. Banks must have been supporting inefficient businesses and facilitating shafting of middle class big time. The taunted growth was in virtual world and not real at all. Sooner or latter foreclosures will be theain talk. I need a safe place keep my wealth and save myself the deflation hell. NSE has some time at the mechanic before spanner works is over. Cracks emerging very fast. Somebody should hit the brakes at the right time. For now, it has to be cause multiplier effect failed and no Government wants to run such an economy it can not multiply and divide. The story begin like this... Uchumi got whacky first Exposed banks taken to the cleaners Nakuhurt dancing like a drunken master Sublime Court darted the economy with poisoned darts Kenyans dancing to the rythms Recreations and luxury commodities on rhe rise My memory fails me, hope its not dementia or something. Wazua, help me put up this together. Probably we will write the history together for the next rainy day. The Central Bank of Kenya (CBK), in its capacity as the chief protector of depositors’ interests, is such a major stakeholder in this. As at August 2016, the retail chain owed commercial banks a total of Sh13 billion-spread across 10 banks. possunt quia posse videntur
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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maka wrote:muandiwambeu wrote:Angelica _ann wrote:Debt is/was a 2012 affair yawa Who can pierce the viel and lay the debt levels at nakumatt with local banks. How could the banks be the last on this saga. Banks must have been supporting inefficient businesses and facilitating shafting of middle class big time. The taunted growth was in virtual world and not real at all. Sooner or latter foreclosures will be theain talk. I need a safe place keep my wealth and save myself the deflation hell. NSE has some time at the mechanic before spanner works is over. Cracks emerging very fast. Somebody should hit the brakes at the right time. For now, it has to be cause multiplier effect failed and no Government wants to run such an economy it can not multiply and divide. The story begin like this... Uchumi got whacky first Exposed banks taken to the cleaners Nakuhurt dancing like a drunken master Sublime Court darted the economy with poisoned darts Kenyans dancing to the rythms Recreations and luxury commodities on rhe rise My memory fails me, hope its not dementia or something. Wazua, help me put up this together. Probably we will write the history together for the next rainy day. The Central Bank of Kenya (CBK), in its capacity as the chief protector of depositors’ interests, is such a major stakeholder in this. As at August 2016, the retail chain owed commercial banks a total of Sh13 billion-spread across 10 banks. The Nakumatt one is well spread, even KQ and many other organizations and individuals owe banks billions. without borrowing, banks wouldn't survive!!! Risk assessment ni yao .... they went to Nakumatt thinking individuals are to risk and cost inefficient to lend to. They are paying for their risk assessment anomalies!!!!!! 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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Rank: Member Joined: 1/22/2015 Posts: 682
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and the way I used to hold the CEO Hasnain Noorani in high regard. One of the few muhindi businessmen who could trust Kenyans with management positions. Seems like these hyped up companies in Kenya should be taken with a humongous pinch of salt
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Mike Ock wrote:and the way I used to hold the CEO Hasnain Noorani in high regard. One of the few muhindi businessmen who could trust Kenyans with management positions. Seems like these hyped up companies in Kenya should be taken with a humongous pinch of salt Kenya retail market is a gloomy sad story. How can you grow you business to such heights and then see it crumbling on yourself. Was there not ART, uchumi(icu and sedated) now nakumatt. Makes me feel sick. So whomever is building an empire in this sector ultimately now has a record to break. Thieving kenyans. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 13,543 Location: nairobi
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muandiwambeu wrote:Mike Ock wrote:and the way I used to hold the CEO Hasnain Noorani in high regard. One of the few muhindi businessmen who could trust Kenyans with management positions. Seems like these hyped up companies in Kenya should be taken with a humongous pinch of salt Kenya retail market is a gloomy sad story. How can you grow you business to such heights and then see it crumbling on yourself. Was there not ART, uchumi(icu and sedated) now nakumatt. Makes me feel sick. So whomever is building an empire in this sector ultimately now has a record to break. Thieving kenyans. The two men are to be blamed.. Honestly I believe I could be a better leader for this nation than the current offering. Thugging of hitherto unseen levels has brought the country to its knees. Our economy is dying..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Angelica _ann wrote:maka wrote:muandiwambeu wrote:Angelica _ann wrote:Debt is/was a 2012 affair yawa Who can pierce the viel and lay the debt levels at nakumatt with local banks. How could the banks be the last on this saga. Banks must have been supporting inefficient businesses and facilitating shafting of middle class big time. The taunted growth was in virtual world and not real at all. Sooner or latter foreclosures will be theain talk. I need a safe place keep my wealth and save myself the deflation hell. NSE has some time at the mechanic before spanner works is over. Cracks emerging very fast. Somebody should hit the brakes at the right time. For now, it has to be cause multiplier effect failed and no Government wants to run such an economy it can not multiply and divide. The story begin like this... Uchumi got whacky first Exposed banks taken to the cleaners Nakuhurt dancing like a drunken master Sublime Court darted the economy with poisoned darts Kenyans dancing to the rythms Recreations and luxury commodities on rhe rise My memory fails me, hope its not dementia or something. Wazua, help me put up this together. Probably we will write the history together for the next rainy day. The Central Bank of Kenya (CBK), in its capacity as the chief protector of depositors’ interests, is such a major stakeholder in this. As at August 2016, the retail chain owed commercial banks a total of Sh13 billion-spread across 10 banks. The Nakumatt one is well spread, even KQ and many other organizations and individuals owe banks billions. without borrowing, banks wouldn't survive!!! Risk assessment ni yao .... they went to Nakumatt thinking individuals are to risk and cost inefficient to lend to. They are paying for their risk assessment anomalies!!!!!! I have a friend who has offer letters from 2 banks for a 150M loan with little or no risk assessment so banks are to blame when such loans are defaulted.More due diligence should be done else their NPLs will continue to balloon.
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Rank: Elder Joined: 6/23/2009 Posts: 13,543 Location: nairobi
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whiteowl wrote:Angelica _ann wrote:maka wrote:muandiwambeu wrote:Angelica _ann wrote:Debt is/was a 2012 affair yawa Who can pierce the viel and lay the debt levels at nakumatt with local banks. How could the banks be the last on this saga. Banks must have been supporting inefficient businesses and facilitating shafting of middle class big time. The taunted growth was in virtual world and not real at all. Sooner or latter foreclosures will be theain talk. I need a safe place keep my wealth and save myself the deflation hell. NSE has some time at the mechanic before spanner works is over. Cracks emerging very fast. Somebody should hit the brakes at the right time. For now, it has to be cause multiplier effect failed and no Government wants to run such an economy it can not multiply and divide. The story begin like this... Uchumi got whacky first Exposed banks taken to the cleaners Nakuhurt dancing like a drunken master Sublime Court darted the economy with poisoned darts Kenyans dancing to the rythms Recreations and luxury commodities on rhe rise My memory fails me, hope its not dementia or something. Wazua, help me put up this together. Probably we will write the history together for the next rainy day. The Central Bank of Kenya (CBK), in its capacity as the chief protector of depositors’ interests, is such a major stakeholder in this. As at August 2016, the retail chain owed commercial banks a total of Sh13 billion-spread across 10 banks. The Nakumatt one is well spread, even KQ and many other organizations and individuals owe banks billions. without borrowing, banks wouldn't survive!!! Risk assessment ni yao .... they went to Nakumatt thinking individuals are to risk and cost inefficient to lend to. They are paying for their risk assessment anomalies!!!!!! I have a friend who has offer letters from 2 banks for a 150M loan with little or no risk assessment so banks are to blame when such loans are defaulted.More due diligence should be done else their NPLs will continue to balloon. Those must be two small banks which are ready to risk it all
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 12/1/2007 Posts: 539 Location: Nakuru
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Now way or no way???? For investors as a whole, returns decrease as motion increases ~ WB
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Rank: Member Joined: 1/22/2015 Posts: 682
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Rank: Elder Joined: 6/23/2009 Posts: 13,543 Location: nairobi
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This market is gonna crash
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 2/16/2007 Posts: 2,114
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What is mentally insane?Is there another form of insanity that is not mental?
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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Nakumatt Emali closed Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Westgate closes tomorrow Business opportunities are like buses,there's always another one coming
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Rank: Member Joined: 10/6/2015 Posts: 249 Location: Nairobi
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Ericsson wrote:Nakumatt Emali closed Jeso! I remember sometime back some wazuans mulled over Nakumatt listing! The shafting that would have befallen wanjiku would have by far exceeded the Home-afrika debacle.kweli mungu anatupenda. Never lose your position in a bull market,BTFD.
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Nakumatt: Another ailing Kenyan company
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