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Uchumi taking off
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QW25091985
#121 Posted : Monday, May 21, 2012 3:24:24 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
No no no no no no ! There's something wrong here.
No retracement no profit taking no nothing .
This is unhealthy euphoria . Beaware folks .
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QW25091985
#122 Posted : Monday, May 21, 2012 3:28:44 PM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood

Healthy stocks just dnt rally in a straight line. I think its wise to take some profits if you have them before they vanish .
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mkonomtupu
#123 Posted : Monday, May 21, 2012 3:43:25 PM
Rank: Veteran


Joined: 2/10/2010
Posts: 1,001
Location: River Road
mkonomtupu wrote:
Aguytrying wrote:
ngapat wrote:
those who bought @6.50 are up almost 100%. I bought @ 8.00 and I'm tempted to take profits before they vanish as they usually do


But its hard to sell right?

What is causing this share to rally so hard? it very intersting, its headed to 13.00 now demand at 12.35


uchumi has very few fans on wazua imagine if it was KK rallying from 6.50 to 12 but anyway pesa ni pesa my capital gains is around 0.5m on this one. The rally is caused by the small float only 265m shares mostly held by suppliers who are keen to increase and hold their stake. GoK is also keeping everyone guessing on whether it will sell its stake to a suitor plus hints from the CEO on many interested buyers. Total of 5 branches in UG soon with oil production soon to start retail is the first sector to gain. Remember in 2007 when kenyan economy grew by 7% retail sector turnover more than doubled. Nakumatt turnover when from 8b to 20b http://allafrica.com/stories/200705300057.html
If that repeats again very soon then with the most efficient chain the figures look really good. My two cents on this share is hold and hold so long as it continues to be well run



QW, Massmart holdings the south africa retailer has P/E of 34
Pick n Pay stores has a P/E of 32. Going with that uchumi could very well go upto 30/= (market value of 7.9 billion). My advise above still stands hold and hold.
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hisah
#124 Posted : Tuesday, May 22, 2012 8:01:02 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
This thing has rallied like all the other retail chains are going bankrupt. Is that Tuskys case that bad?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Sufficiently Philanga....thropic
#125 Posted : Tuesday, May 22, 2012 8:06:22 AM
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Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
Time to harvest!
@SufficientlyP
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Kaffir
#126 Posted : Tuesday, May 22, 2012 8:35:25 AM
Rank: Member


Joined: 5/8/2008
Posts: 77
No harvesting.. Just hang in there. Demand is still very strong for the share. Many profit takers have exited (price pauses at 9, 12, 14.5, 16 shs), but the strong demand has made their exit inconsequential. trailing PE is still about 12, and is expected to announce very good results. Its criminal for a fundamentally-driven investor not to hold this share!
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mlennyma
#127 Posted : Tuesday, May 22, 2012 9:07:02 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,184
Location: nairobi
From 6.50 uchumi will rally 300% today if it touches 19.50
"Don't let the fear of losing be greater than the excitement of winning."
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Impunity
#128 Posted : Tuesday, May 22, 2012 1:38:29 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
mlennyma wrote:
From 6.50 uchumi will rally 300% today if it touches 19.50


This is phenomenal.
Chiano for president.
smile smile
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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QW25091985
#129 Posted : Tuesday, May 22, 2012 2:06:41 PM
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Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
Parabolic rallies are very dangerous and show an exaustion of the rally.
Uchumi has definatly done a parabolic rally.
Even with strong fundermentals stocks do do parabolic rallies and they come crushing down. And is somebody noting the decrease in vol . ?
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guru267
#130 Posted : Tuesday, May 22, 2012 2:09:35 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
QW25091985 wrote:
Parabolic rallies are very dangerous and show an exaustion of the rally.
Uchumi has definatly done a parabolic rally.
Even with strong fundermentals stocks do do parabolic rallies and they come crushing down. And is somebody noting the decrease in vol . ?


Check what has been happening to retail stocks in south africa... You will find that the uchumi rally has just began..
Mark 12:29
Deuteronomy 4:16
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Aguytrying
#131 Posted : Tuesday, May 22, 2012 8:09:59 PM
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Joined: 7/11/2010
Posts: 5,040
mlennyma wrote:
From 6.50 uchumi will rally 300% today if it touches 19.50


Its 200%.
The investor's chief problem - and even his worst enemy - is likely to be himself
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mlennyma
#132 Posted : Tuesday, May 22, 2012 11:38:20 PM
Rank: Elder


Joined: 7/21/2010
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Location: nairobi
@aguytrying yes it is,i was just fuelling the bus.
"Don't let the fear of losing be greater than the excitement of winning."
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youcan'tstopusnow
#133 Posted : Wednesday, May 23, 2012 10:40:11 AM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Wololo! At 19.75, it's up 200 percent!

I think CMA should consider calling in the World Anti Doping Agency (WADA) to test Uchumi for banned substances as the stock is rallying as if it's on drugs!
GOD BLESS YOUR LIFE
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sparkly
#134 Posted : Wednesday, May 23, 2012 2:22:37 PM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
youcan'tstopusnow wrote:
Wololo! At 19.75, it's up 200 percent!

I think CMA should consider calling in the World Anti Doping Agency (WADA) to test Uchumi for banned substances as the stock is rallying as if it's on drugs!


At this point, I dare say that someone has news that has not yet reached the market.

Uchumi has been a fertile ground for insider trading. TIME WILL TELL!
Life is short. Live passionately.
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mlennyma
#135 Posted : Wednesday, May 23, 2012 2:35:10 PM
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Joined: 7/21/2010
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Location: nairobi
So when will it be stopped indefinately?
"Don't let the fear of losing be greater than the excitement of winning."
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Sufficiently Philanga....thropic
#136 Posted : Thursday, May 24, 2012 2:06:48 PM
Rank: Elder


Joined: 9/23/2010
Posts: 2,221
Location: Sundowner,Amboseli
Sufficiently Philanga....thropic wrote:
Time to harvest!

Wow! Harvesting at its peak, 2.12M shares having changed hands and the harvestors are not relenting!
Demand story thou depressingLaughing out loudly
@SufficientlyP
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kyt
#137 Posted : Thursday, May 24, 2012 3:02:47 PM
Rank: Elder


Joined: 11/7/2007
Posts: 2,182
it has been riding high for no concrete reason for some time now. its only fair it recedes now
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Mastermind
#138 Posted : Friday, June 22, 2012 1:57:38 PM
Rank: Veteran


Joined: 1/25/2012
Posts: 1,624
Location: Langley
http://www.businessdaily...08/-/t9t3s3/-/index.html
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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QW25091985
#139 Posted : Friday, June 22, 2012 4:26:11 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
guru267 wrote:
QW25091985 wrote:
Parabolic rallies are very dangerous and show an exaustion of the rally.
Uchumi has definatly done a parabolic rally.
Even with strong fundermentals stocks do do parabolic rallies and they come crushing down. And is somebody noting the decrease in vol . ?


Check what has been happening to retail stocks in south africa... You will find that the uchumi rally has just began..



i don't mean to burst your bubble but my charts NEVER lie . i called for some retracement on the stock and its dong just that .stocks don't just rally in a straight line . its unheard of.
My target is 14.00 and i wait to see what happens at that level !
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QW25091985
#140 Posted : Friday, June 22, 2012 4:28:06 PM
Rank: User


Joined: 1/24/2012
Posts: 1,675
Location: In Da Hood
QW25091985 wrote:
No no no no no no ! There's something wrong here.
No retracement no profit taking no nothing .
This is unhealthy euphoria . Beaware folks .


I hopes somebody didnt buy at 20 bob !
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