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Nakumatt: Another ailing Kenyan company
Rank: Member Joined: 10/24/2013 Posts: 455 Location: Nairobi
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Rank: Elder Joined: 11/5/2010 Posts: 2,459
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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When it rains, it pours! But surely, why would they give 12 cheques to one supplier knowing very well that they will all bounce???
BBI will solve it :)
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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The price for unnecessary expansion, wanting to be in every mall "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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Rank: Member Joined: 2/20/2015 Posts: 469 Location: Nairobi
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2012 wrote:When it rains, it pours! But surely, why would they give 12 cheques to one supplier knowing very well that they will all bounce??? My suspicion is that the under-stocked branches are what Nakumatt will downsize on and they probably just letting the lease run out and current stock sell out before announcing closure of those branches. There was some #fakeNews of branches to be closed and TRM was one of them. TRM probably already suspecting Nakumatt is getting out and wants to cut its losses.
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Rank: Elder Joined: 6/23/2009 Posts: 14,464 Location: nairobi
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kawi254 wrote:2012 wrote:When it rains, it pours! But surely, why would they give 12 cheques to one supplier knowing very well that they will all bounce??? My suspicion is that the under-stocked branches are what Nakumatt will downsize on and they probably just letting the lease run out and current stock sell out before announcing closure of those branches. There was some #fakeNews of branches to be closed and TRM was one of them. TRM probably already suspecting Nakumatt is getting out and wants to cut its losses. You could be right, but I believe that the company as a whole is in trouble.. It may not be just a TRM issue COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Elder Joined: 12/4/2009 Posts: 10,834 Location: NAIROBI
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kawi254 wrote:2012 wrote:When it rains, it pours! But surely, why would they give 12 cheques to one supplier knowing very well that they will all bounce??? My suspicion is that the under-stocked branches are what Nakumatt will downsize on and they probably just letting the lease run out and current stock sell out before announcing closure of those branches. There was some #fakeNews of branches to be closed and TRM was one of them. TRM probably already suspecting Nakumatt is getting out and wants to cut its losses. @Kawi Do you have the list of the branches that were to be closed down in the fake news. Some of these things might actually turn out to be true Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 6/23/2009 Posts: 14,464 Location: nairobi
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Ericsson wrote:kawi254 wrote:2012 wrote:When it rains, it pours! But surely, why would they give 12 cheques to one supplier knowing very well that they will all bounce??? My suspicion is that the under-stocked branches are what Nakumatt will downsize on and they probably just letting the lease run out and current stock sell out before announcing closure of those branches. There was some #fakeNews of branches to be closed and TRM was one of them. TRM probably already suspecting Nakumatt is getting out and wants to cut its losses. @Kawi Do you have the list of the branches that were to be closed down in the fake news. Some of these things might actually turn out to be true No fake news.. Some links to help http://www.newvision.co....t-shuts-branches-uganda
http://www.the-star.co.k...-hiring-in-cost_c1557288 COOP 306,100 ABP 31.96, KEGN 112,100 ABP 10.64, MTNU 131,000 ABP 10.21
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Ericsson wrote:kawi254 wrote:2012 wrote:When it rains, it pours! But surely, why would they give 12 cheques to one supplier knowing very well that they will all bounce??? My suspicion is that the under-stocked branches are what Nakumatt will downsize on and they probably just letting the lease run out and current stock sell out before announcing closure of those branches. There was some #fakeNews of branches to be closed and TRM was one of them. TRM probably already suspecting Nakumatt is getting out and wants to cut its losses. @Kawi Do you have the list of the branches that were to be closed down in the fake news. Some of these things might actually turn out to be true TRM, Garden City, Lavington, Westlands* , Embakasi and Kitisuru.There are two more I cant remember.
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Nakumatt: Another ailing Kenyan company
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