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Uchumi HY 2018, the disaster
Rank: Member Joined: 8/14/2009 Posts: 244
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KaunganaDoDo wrote:Pesa Nane wrote:Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:The company ceased operating,all its branches have been shut down Wazuans and their misleading information...i have been to Aga khan Walk Branch everyday including yesterday... https://www.businessdail...94742-p5ityt/index.html Passed by Uchumi Buruburu few days ago and it's doors were open but only dust on the shelves and idle staff. Easy coach desk that squats within the branch still operating. I keep wondering why continue to pay rent and salaries while selling nothing  They are finalizing their deal with strategic investors....Still working on Conditions Precedent to satisfy the investor. They requiree aditional money almost 300M-500M(Which they expect to get from their langata 3.7 acre sale)..... Can't sell Langata, land belongs to KAA. But was grabbed and sold to them. There is a caution on that property.
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Rank: Member Joined: 8/6/2018 Posts: 299
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stock.enigma wrote:KaunganaDoDo wrote:Pesa Nane wrote:Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:The company ceased operating,all its branches have been shut down Wazuans and their misleading information...i have been to Aga khan Walk Branch everyday including yesterday... https://www.businessdail...94742-p5ityt/index.html Passed by Uchumi Buruburu few days ago and it's doors were open but only dust on the shelves and idle staff. Easy coach desk that squats within the branch still operating. I keep wondering why continue to pay rent and salaries while selling nothing They are finalizing their deal with strategic investors....Still working on Conditions Precedent to satisfy the investor. They requiree aditional money almost 300M-500M(Which they expect to get from their langata 3.7 acre sale)..... Can't sell Langata, land belongs to KAA. But was grabbed and sold to them. There is a caution on that property. The caveat was removed long time ago. The land title deed was validated by NLC...The caveat was just to scare off people...There is no legal Caution on this land. its not subject to court case.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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Finally share price goes below ksh.1 Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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The guys owed money should wait for Uchumi to recover (if it can) even if wound up I doubt they will get half of their money back, GoK has already said no more cash for uchumi, Funny that there sre still buyers even with all the dark cloud over uchumi. To Each His Own
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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kayhara wrote:The guys owed money should wait for Uchumi to recover (if it can) even if wound up I doubt they will get half of their money back, GoK has already said no more cash for uchumi, Funny that there sre still buyers even with all the dark cloud over uchumi. Mention names of interested buyers Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 8/6/2018 Posts: 299
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kayhara wrote:The guys owed money should wait for Uchumi to recover (if it can) even if wound up I doubt they will get half of their money back, GoK has already said no more cash for uchumi, Funny that there sre still buyers even with all the dark cloud over uchumi. There is alot going on behind the curtain as far as this stock is concerned. decision on what positions to take depends on what information you have, both public and highly private. Three weeks ago 3M shares changed hands. DECISIONS AND POSITIONS ARE HAVE ONE TO ONE MAPPING AND ARE CONTINUOUS ENDOGENOUS VARIABLES.He who doesnt have any infor is the same as he who has zero infor
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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kayhara wrote:The guys owed money should wait for Uchumi to recover (if it can) even if wound up I doubt they will get half of their money back, GoK has already said no more cash for uchumi, Funny that there sre still buyers even with all the dark cloud over uchumi. Some of us love dark clouds, it usually means it will rain. “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: 6/23/2009 Posts: 13,517 Location: nairobi
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HaMaina wrote:kayhara wrote:The guys owed money should wait for Uchumi to recover (if it can) even if wound up I doubt they will get half of their money back, GoK has already said no more cash for uchumi, Funny that there sre still buyers even with all the dark cloud over uchumi. Some of us love dark clouds, it usually means it will rain. Chunga mifuko hapa
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: 6/23/2009 Posts: 13,517 Location: nairobi
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HaMaina wrote:kayhara wrote:The guys owed money should wait for Uchumi to recover (if it can) even if wound up I doubt they will get half of their money back, GoK has already said no more cash for uchumi, Funny that there sre still buyers even with all the dark cloud over uchumi. Some of us love dark clouds, it usually means it will rain. Chunga mifuko hapa
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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45 lawsuits against Uchumi https://googleweblight.c...n-KE&tg=610&pt=6Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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The monkey will definitely die Pesa Nane plans to be shilingi when he grows up.
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Rank: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Member Joined: 8/6/2018 Posts: 299
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mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Pesa Nane plans to be shilingi when he grows up.
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Rank: Member Joined: 8/6/2018 Posts: 299
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Pesa Nane wrote:KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Hahaha...It has limped like a Billie Holiday on her death bed...Many times The Mortician has been called only to find the Patient Moving his eyelids... Meanwhile the fatter patients in the same Ward have gone to the Morgue... earlier
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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KaunganaDoDo wrote:Pesa Nane wrote:KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Hahaha...It has limped like a Billie Holiday on her death bed...Many times The Mortician has been called only to find the Patient Moving his eyelids... Meanwhile the fatter patients in the same Ward have gone to the Morgue... earlier Please stop talking about uchumi death, I hold about 68k pieces but I can't sell at the moment due to the serious loss on the account, I will hold hoping for positive news on 17th, my other monkeys have stopped bleeding ie mumias and homeafrika, hii ni pressure. To Each His Own
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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kayhara wrote:KaunganaDoDo wrote:Pesa Nane wrote:KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Hahaha...It has limped like a Billie Holiday on her death bed...Many times The Mortician has been called only to find the Patient Moving his eyelids... Meanwhile the fatter patients in the same Ward have gone to the Morgue... earlier Please stop talking about uchumi death, I hold about 68k pieces but I can't sell at the moment due to the serious loss on the account, I will hold hoping for positive news on 17th, my other monkeys have stopped bleeding ie mumias and homeafrika, hii ni pressure. To be warned is to be forearmed! Take heart, I also hold a monkey (HF) and a near dead ARM (not significant, speculative) Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 5/5/2011 Posts: 1,059
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KaunganaDoDo wrote:Pesa Nane wrote:Ericsson wrote:KaunganaDoDo wrote:Ericsson wrote:The company ceased operating,all its branches have been shut down Wazuans and their misleading information...i have been to Aga khan Walk Branch everyday including yesterday... https://www.businessdail...94742-p5ityt/index.html Passed by Uchumi Buruburu few days ago and it's doors were open but only dust on the shelves and idle staff. Easy coach desk that squats within the branch still operating. I keep wondering why continue to pay rent and salaries while selling nothing They are finalizing their deal with strategic investors....Still working on Conditions Precedent to satisfy the investor. They requiree aditional money almost 300M-500M(Which they expect to get from their langata 3.7 acre sale)..... Risking it all trid buying some just now only for i-trader to give me a fantasy error that the price must be between 10.40-12.71, I think it might get suspended, but what the heck. To Each His Own
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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kayhara wrote:KaunganaDoDo wrote:Pesa Nane wrote:KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Hahaha...It has limped like a Billie Holiday on her death bed...Many times The Mortician has been called only to find the Patient Moving his eyelids... Meanwhile the fatter patients in the same Ward have gone to the Morgue... earlier Please stop talking about uchumi death, I hold about 68k pieces but I can't sell at the moment due to the serious loss on the account, I will hold hoping for positive news on 17th, my other monkeys have stopped bleeding ie mumias and homeafrika, hii ni pressure. You already made more than that speculating @kihyara. Ma-bp za nini 😂😂😂😂 ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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kayhara wrote:KaunganaDoDo wrote:Pesa Nane wrote:KaunganaDoDo wrote:mlennyma wrote:Pesa Nane wrote:The monkey will definitely die Uchumi ilifungwa ni vumbi iko kwa shelves and a few expiring goods..The court's won't help much rent and salaries are accruing...Why is uchumi trading???ARM is better The government and its 14% shareholding is keeping it up... plus in the last two years the government has given it 1.2 Billion in shareholder loans...This thing will not go down anytime soon...The Treasury doesn't write down or make provision for its commercial investment...if it was to go down with the shareholders loans...it would make Noise in government quarters....This thing will be babysat until its on the legs...Take this to the bank Everything you say is true until you mention that it will not die. It will die. And they may just get more tax-payers money but it will still die. Why? They are accruing debt in guise of keeping the doors open. The money they may get will be to pay down debt (Rent, connected suppliers, thieves, salaries, genuine wanjiku suppliers in that order.) In this tournament there is no longer extra-time, it's sudden death! Hahaha...It has limped like a Billie Holiday on her death bed...Many times The Mortician has been called only to find the Patient Moving his eyelids... Meanwhile the fatter patients in the same Ward have gone to the Morgue... earlier Please stop talking about uchumi death, I hold about 68k pieces but I can't sell at the moment due to the serious loss on the account, I will hold hoping for positive news on 17th, my other monkeys have stopped bleeding ie mumias and homeafrika, hii ni pressure. Then maybe you should buy more at the current price and lower your average loss. “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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