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Uchumi resume trading 31st may
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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2012 wrote:the deal wrote:
I tore down Uchumi into pieces find out why Uchumi is most likely to open higher than Ksh 14.50
It might open high because of excitement but it will not close the week above 8/- My reasons: - Increase of number of shares from 180m to over 250m - Offloading by annoyed investors who's monies have been locked up in this prison till now. - Low confidence from new investors making it a speculative counter. Btw, who are the new/current Directors? I'm willing to bet..we shall not see Uchumi at 8 bob.
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Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi
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Those tax credits are now history... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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action! wrote:If I can get 5 bob, I will bail out. It's been too long.
However, if it gets to 2 bob, I will buy! 31-May is next week.Sio mbali.Tungojee. This will be like an IPO to smart speculators. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Member Joined: 6/4/2008 Posts: 345
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Interesting......... "In view of the forecasts, Uchumi shares, which last traded at 14.50 shillings, should be worth at least 25 shillings, Michael Gichohi, chief executive officer of Nairobi-based Suntra Investment Bank Ltd., said in an interview today." http://www.bloomberg.com...5-to-relist-shares.html
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Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi
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yekeyeke wrote:Interesting......... "In view of the forecasts, Uchumi shares, which last traded at 14.50 shillings, should be worth at least 25 shillings, Michael Gichohi, chief executive officer of Nairobi-based Suntra Investment Bank Ltd., said in an interview today." http://www.bloomberg.com...5-to-relist-shares.html
nonsense! These so-called analysts are spouting nonsense! Ati, 25/- without any real financial statements or comparisons! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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VituVingiSana wrote:Those tax credits are now history... Until Uchumi makes PAT of 1.9B thats when they will expire i see you dont read my blog 
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Rank: Member Joined: 6/4/2008 Posts: 345
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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yekeyeke wrote:http://www.nation.co.ke/business/news/-/1006/1169104/-/51fhciz/-/index.html
Fat chance to open at 17/20, not after that massive dilution when Govt converted it's loans
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Rank: Member Joined: 7/7/2009 Posts: 111
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Aaaaah, i wont sell ... Thats after listening to you all. Since i had already written off Uchumi, i dont see why i should accept 5 bob from anyone ... aaah! When you have written off something you can wait ... and i hope most of the 18000 shareholders think that way. Anyhow, i will look at it all as it unfolds and then decide what to do after 6-months and final year results ... Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it...
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Rank: Member Joined: 6/4/2008 Posts: 345
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Makes a lot of sense. If you bought this thing for 14.50 in 2006 then waited for 5 years, why would any shareholder want to sell at 5 bob?
What reason would that be other that temporary insanity.
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Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi
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Unless you are very desperate for cash... if you have waited 5 years, wait a few more months! But as a potential buyer I have to shout SELL, SELL, SELL... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 5/8/2008 Posts: 77
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I will be buying from anyone silly enough to sell under 10 bob.. Im not yet sure why people here are expecting it to trade at such low prices - people were buying it at 14.5 when the company was moribund. And that was with a stronger shilling! PLus, the profile of persons holding the newly issued shares isnt that of panic sellers.
But Tuesday is under a week away. Lets see how it goes.
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Rank: Veteran Joined: 12/9/2010 Posts: 894 Location: Nairobi
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citizen news values the stock at 17.20. cant wait for tuesday. Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Tommy wrote:citizen news values the stock at 17.20. cant wait for tuesday. I think true value is in the 25-35 range
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Rank: Elder Joined: 7/21/2010 Posts: 6,191 Location: nairobi
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Will you buy co-op bank at 17 or uchumi?will u buy kcb at 25 or uchumi?..i dont regret my stand uchumi is a no go zone. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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BTW, one of the conditions for re-listing was getting an 'independent' chair. Haven't heard of one.
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Rank: Member Joined: 12/15/2010 Posts: 162
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Gordon Gekko wrote:yekeyeke wrote:http://www.nation.co.ke/business/news/-/1006/1169104/-/51fhciz/-/index.html
Fat chance to open at 17/20, not after that massive dilution when Govt converted it's loans Is there anybody with the detailed report of how KPMG arrived at the valuation of 17/20?
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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invest0r wrote:Gordon Gekko wrote:yekeyeke wrote:http://www.nation.co.ke/business/news/-/1006/1169104/-/51fhciz/-/index.html
Fat chance to open at 17/20, not after that massive dilution when Govt converted it's loans Is there anybody with the detailed report of how KPMG arrived at the valuation of 17/20? If you go here http://contrarianinvestingkenya.blogspot.com you will find that NAV for 1H 2010-11 is above Ksh10 bob what of year end?
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Rank: Veteran Joined: 12/9/2010 Posts: 894 Location: Nairobi
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the deal wrote:invest0r wrote:Gordon Gekko wrote:yekeyeke wrote:http://www.nation.co.ke/business/news/-/1006/1169104/-/51fhciz/-/index.html
Fat chance to open at 17/20, not after that massive dilution when Govt converted it's loans Is there anybody with the detailed report of how KPMG arrived at the valuation of 17/20? If you go here http://contrarianinvestingkenya.blogspot.com you will find that NAV for 1H 2010-11 is above Ksh10 bob what of year end? I thought that this will show how they arrived at 17/20. in the blog above It has been recommended as a speculative buy. But For me this is a no go zone Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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This stock will be one of the success stories of year 2011 at the NSE. You had better grab yourself a slice come Tuesday next week! @SufficientlyP
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Uchumi resume trading 31st may
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