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Uchumi - A value play?
Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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HaMaina wrote:HaMaina wrote:FUNKY wrote:KaunganaDoDo wrote:Ericsson wrote:KaunganaDoDo wrote:VituVingiSana wrote:KaunganaDoDo wrote:HaMaina wrote:Whats caused this sudden Uchumi drop?? Nice buy though but I don't understand. Funny this world. Uchumi is outlasting Tuskys, Nakumatt , its richer younger Siblings...Tuskys is now copying Uchumi's survival tactics but without any tangible asset to liquidate and pay its creditors/banks Perhaps some shareholders and creditors expect GoK to bail out Uchumi. There is no Government Bailout...Uchumi has already restructured its Balance sheet...and has assets to gain Operating Liquidity.Currently it has a portal where Suppliers are registering their claims for verification and Payment... Now as we speak, Uchumi can even Buy Out Tuskys.Counters with some Government shareholding are prone to mismanagement but are safe bets against zero collapse Were it not for Gok backing,suppliers and creditors/banks would have acted ruthlessly on Uchumi similar to the way they are doing to Tuskys. Whats happening to Tuskys happened to Uchumi...But because of government hands,The Banks and Creditors agreed to the Company Voluntary Arrangement....this is what Tuskys is looking for. They won't get it. When are the foreign investors finalizing deal? Which foreign inverters are these? Any new info on Uchumi? Jana I even managed a purchase @ 0.25 bob.Today no supply. Hii kitu haieleweki kwa sasa. This one most wazuans don't bother Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Ericsson wrote:HaMaina wrote:[quote=HaMaina]
Any new info on Uchumi? Jana I even managed a purchase @ 0.25 bob.Today no supply. Hii kitu haieleweki kwa sasa. This one most wazuans don't bother That's where the taste is. No point going after what everyone likes. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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HaMaina wrote:Ericsson wrote:HaMaina wrote:[quote=HaMaina]
Any new info on Uchumi? Jana I even managed a purchase @ 0.25 bob.Today no supply. Hii kitu haieleweki kwa sasa. This one most wazuans don't bother That's where the taste is. No point going after what everyone likes. Like Safaricom Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Ericsson wrote:[quote=HaMaina][quote=Ericsson][quote=HaMaina][quote=HaMaina]
Like Safaricom Safcom was very tasty when it was trading at 2.5 bob - 3.5 bob, if you didn't board then then its your personal choice to board now. I pulled out at 15.something and still regret.  “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Suddenly for the past 2 days Uchumi shares are being horded. Uzeni wanunuzi wako tayari kununua. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Veteran Joined: 1/10/2015 Posts: 961 Location: Kenya
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Why would one buy shares in a dead company? Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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sqft wrote:Why would one buy shares in a dead company? Because the brain is dead Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Ericsson wrote:sqft wrote:Why would one buy shares in a dead company? Because the brain is dead Uchumi is really not dead..the few branches which are open are running and are stocked with goods..21st January 2021 was deadline for all suppliers to submit their pending invoices.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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FUNKY wrote:Ericsson wrote:sqft wrote:Why would one buy shares in a dead company? Because the brain is dead Uchumi is really not dead..the few branches which are open are running and are stocked with goods..21st January 2021 was deadline for all suppliers to submit their pending invoices. Majority of the suppliers moved on Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Uchumi hosted a successful sme market yesterday and a farmers market today at their langata hyper branch..I had visited and was busy and they Will be repeating it every weekend.. supermarket itself was stocked also..
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Uchumi is proving to be strange, yesterday I was making purchases @ 0.25 bob, with a very good supply @ 0.26, 0.27, 0.28. Today nobody is selling @ whatever price. “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Member Joined: 8/29/2008 Posts: 571
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HaMaina wrote:Uchumi is proving to be strange, yesterday I was making purchases @ 0.25 bob, with a very good supply @ 0.26, 0.27, 0.28. Today nobody is selling @ whatever price. Maina, stop buying Uchumi. Buy some beer instead
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Ali Baba wrote:HaMaina wrote:Uchumi is proving to be strange, yesterday I was making purchases @ 0.25 bob, with a very good supply @ 0.26, 0.27, 0.28. Today nobody is selling @ whatever price. Maina, stop buying Uchumi. Buy some beer instead Maina wants to be in the Hall of Fame list aka top ten shareholders of a listed company. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Ericsson wrote:Ali Baba wrote:HaMaina wrote:Uchumi is proving to be strange, yesterday I was making purchases @ 0.25 bob, with a very good supply @ 0.26, 0.27, 0.28. Today nobody is selling @ whatever price. Maina, stop buying Uchumi. Buy some beer instead Maina wants to be in the Hall of Fame list aka top ten shareholders of a listed company. I'm sure that by June and latest December, you shall be eating your words.  “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Member Joined: 8/29/2008 Posts: 571
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HaMaina wrote:Ericsson wrote:Ali Baba wrote:HaMaina wrote:Uchumi is proving to be strange, yesterday I was making purchases @ 0.25 bob, with a very good supply @ 0.26, 0.27, 0.28. Today nobody is selling @ whatever price. Maina, stop buying Uchumi. Buy some beer instead Maina wants to be in the Hall of Fame list aka top ten shareholders of a listed company. I'm sure that by June and latest December, you shall be eating your words. I'll be here. Let me know when to eat my words.
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Why aren't people selling like they were yesterday?? “You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Uchumi upbeat of comeback as it re-stocks branches“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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The headline and content are two different things. Suppliers are reluctant to give Uchumi stock Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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Ericsson wrote:The headline and content are two different things. Suppliers are reluctant to give Uchumi stock CEO is trying but suppliers have been choma'd over and over again. In today's tough economy why take the risk of giving credit? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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