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SHOULD UCHUMI BE RE-LISTED??? by yaserbigchair
Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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holycow wrote:GetIT411:
CMA approves resumption of Uchumi shares trading on the Stock Exchange. Chain required to appoint independent chairman within four months. Life is short. Live passionately.
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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www.businessdailyafrica....0/-/6eb5nvz/-/index.html'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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erifloss wrote:www.businessdailyafrica.com/Corporate+News/CMA+lifts+Uchumi+Supermarkets+suspension/-/539550/1152500/-/6eb5nvz/-/index.html Quite a roller coaster of a day for me today has been. There I am sitting at the KK AGM and one of the directors sitting at the high table with a satisfied smack on his face and I'm going - that's the schmuck who presided over the insider thing at Uchumi, might he be plotting a dejavu? Then I see this and the schmuck begins transforming into a god .....
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Rank: Member Joined: 1/29/2011 Posts: 257
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well, what do you know? CMA lifts Uchumi Supermarkets suspension http://www.businessdaily.../-/6eb5nvz/-/index.html
I wonder how this will pan out...!  "All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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I cant buy until i know that strategic partner but stil no "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Wha! i swear this is the year of the nse. Im i the only one feeling like the large institutions are factoring in a non-voilent elections next year. 2 listings this year, 3 if u count cfcih. Cic plans to list next year. The next 1 n 3 quarter years, may not go down as most predict. Now on topic. When will the shares of uchumi start trading, the bdafrica story is so short, almost just the headline. Exciting stuff! The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/2/2008 Posts: 1,438
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I anticipate a big drop in the share price from the Kshs 14.50 at the time of suspension. I know many guys who will be scrambling for the exits. This will present an opportunity for a contrarian play with the right timing. Of course this has not been my best week in relation to predictions, so I could be wrong, I guess!
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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Gordon Gekko wrote:erifloss wrote:www.businessdailyafrica.com/Corporate+News/CMA+lifts+Uchumi+Supermarkets+suspension/-/539550/1152500/-/6eb5nvz/-/index.html Quite a roller coaster of a day for me today has been. There I am sitting at the KK AGM and one of the directors sitting at the high table with a satisfied smack on his face and I'm going - that's the schmuck who presided over the insider thing at Uchumi, might he be plotting a dejavu? Then I see this and the schmuck begins transforming into a god ..... LOL... yes, I remember the issue at Uchumi & TMD lakini he was not on the Board at Uchumi so not quite the same as kirubi. Something tells me there must be a reason why TMD is on KK's board [also on Renaissance Capital] & these are sophisticated firms... So was TMD tarred with a brush or he is connected? So why in your view does TMD transform from schmuck to god? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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I have been watching the price expectations of CFCI, including how many shares have been disposed (< 1% of shares). After staying on board this stationary bus for 5-6 years, why would anyone disembark just when it starts moving? Am seriously reviewing my outlook of this stock (+ inflation pass-through, think KPLC) A bad day fishing is better than a good day at work
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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qw25041985 wrote:i totally agree uchumi has been a financial trap. On relisting i expect the price to fall considerably as the wanjiku investors want out of this stock.
Yet again Uchumi is a BUY in our improving economy because as the economy is improving people have cash to spend on goods .And this is good for uchumi.the company has a good branch network.
I am pretty much keen on its listing and as long as fundermentals ( which are good) havent changed you guyz shld take a serious look @ this company. By uchumi you mean the economy?? I will buy sub 5 Foresight..
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Rank: Veteran Joined: 3/12/2010 Posts: 1,199 Location: Eastlander
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qw25041985 wrote:i totally agree uchumi has been a financial trap. On relisting i expect the price to fall considerably as the wanjiku investors want out of this stock.
Yet again Uchumi is a BUY in our improving economy because as the economy is improving people have cash to spend on goods .And this is good for uchumi.the company has a good branch network.
I am pretty much keen on its listing and as long as fundermentals ( which are good) havent changed you guyz shld take a serious look @ this company. Ignorance is expensive. 1. Major share holders have been locked in and cannot sell their holdings atleast for a year. meaning only a little volume of the shares will be available to trade.. hence dumping and price fall as predicted above is improbable... technically speaking..demend likely way outstrips supply considering buffer on liquidity for 52 TRADING WEEKS!!!  2. Inflation..too much cash chasing to few goods..food prices up..wage increase accelerates inflation..more cash justifies higher prices.. employers have to cut on production costs..wage bill, energy costs.. hurting supply side... so many things to say here.. ..but importantly psychological reflex of 60% population is consume more save less..cut down on luxury and ostentatious spending..meaning prefer shopping at kiosk and mama mboga and wholesale outlets compared to supermarkets don't you know nakumat cut down hours from 24 hours due to NO TRAFFIC?..less and less shopping in supermarkets.. a country of hustlers..looking for better deal at hawkers.. Which kenya are you from? more cash does not mean economy growth.. ask idi amin.. ..Let your light so shine before men, that they may see your good works, and glorify your Father which is in heaven...Matt5:16
- 1769 Oxford King James Bible 'Authorized Version
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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@proverB - Nakumatt cut back in only 2 stores & even then by 6-8 hours in the dead of night [midnight to 7am] when most people don't shop. The other 24hr stores remain open & busy too! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 1/3/2007 Posts: 18,107 Location: Nairobi
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What??? Ati, comment deleted??? Haki Yangu!!! Walk The Talk Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 10/11/2009 Posts: 1,223
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yaserbigchair wrote:I HOLD A BIG NO!
How about you guys???
Uchumi has current liabilities worth Sh1.3 billion, which exceed its current assets valued at Sh1.2 billion by about Sh100 million At year ended JUNE 2010.
Regulators sets a target of net current asset ratio of at least 1.5 for companies applying for listing at the bourse, meaning that the current assets should cover liabilities at least one-and-a-half times.
Even if it has reported a three years of profitability, their assets don't tell the whole story.
BE AWARE, NOT TO GET BURNT! On UCHUMI..... you got it all wrong! History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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BGL wrote:yaserbigchair wrote:I HOLD A BIG NO!
How about you guys???
Uchumi has current liabilities worth Sh1.3 billion, which exceed its current assets valued at Sh1.2 billion by about Sh100 million At year ended JUNE 2010.
Regulators sets a target of net current asset ratio of at least 1.5 for companies applying for listing at the bourse, meaning that the current assets should cover liabilities at least one-and-a-half times.
Even if it has reported a three years of profitability, their assets don't tell the whole story.
BE AWARE, NOT TO GET BURNT! On UCHUMI..... you got it all wrong! QW was right "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: 7/19/2006 Posts: 113 Location: Mombasa
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@BGL My post is 2 years ago... I followed Uchumi closely and realize that management changed and it was doing well. Then, three shareholders were benefiting and still will GOVERNMENT KCB PTA whereas these big three are cashing inn from the very well turnaround, my question is why not you too??? I am holding a BUY for Uchumi from the next 5years My prices 25 in the next 2yrs to over 35 after 5yrs. Sound that I love most: Is the ringing bell of Stock Market.
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Rank: Veteran Joined: 5/23/2010 Posts: 868 Location: La Islas Galápagos
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yaserbigchair wrote:@BGL
My post is 2 years ago... I followed Uchumi closely and realize that management changed and it was doing well.
Then, three shareholders were benefiting and still will
GOVERNMENT
KCB
PTA
whereas these big three are cashing inn from the very well turnaround, my question is why not you too???
I am holding a BUY for Uchumi from the next 5years
My prices 25 in the next 2yrs to over 35 after 5yrs. How about this . . . Is Uchumi capable of delivering profits of 3b in any year from now to 2017? If yes, that's a EPS of 10 bob. Looking at retailers across Africa, P/Es come at an average of 15. That implies a price of 150. My take on this stock, either it will be sold to a strategic investor (good for minority as GoK reduces stakes) or it is a growth stock, EB in 2006/7 or the Apple of Kenya. Unless of course they go back to 2002-2005  A bad day fishing is better than a good day at work
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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yaserbigchair wrote:@BGL
My post is 2 years ago... I followed Uchumi closely and realize that management changed and it was doing well.
Then, three shareholders were benefiting and still will
GOVERNMENT
KCB
PTA
whereas these big three are cashing inn from the very well turnaround, my question is why not you too???
I am holding a BUY for Uchumi from the next 5years
My prices 25 in the next 2yrs to over 35 after 5yrs. On uchumi you got it wrong. KCB and PTA are not shareholders they restructured their loans and which are now paid up. GoK had converted part of its loan to equity and the rest into a term loan which will hopefully be paid off this year making the company almost debt free. cash from turnaround has already been cashed in you can wait for it to grow
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Rank: Elder Joined: 6/23/2009 Posts: 13,520 Location: nairobi
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yaserbigchair wrote:I HOLD A BIG NO!
How about you guys???
Uchumi has current liabilities worth Sh1.3 billion, which exceed its current assets valued at Sh1.2 billion by about Sh100 million At year ended JUNE 2010.
Regulators sets a target of net current asset ratio of at least 1.5 for companies applying for listing at the bourse, meaning that the current assets should cover liabilities at least one-and-a-half times.
Even if it has reported a three years of profitability, their assets don't tell the whole story.
BE AWARE, NOT TO GET BURNT! @yasserbigchair the legend... Now the company has extra GoK debt and less assets http://www.businessdaily...228698-osmnt3/index.html
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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SHOULD UCHUMI BE RE-LISTED??? by yaserbigchair
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