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uchumi rights issue
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heri
#1 Posted : Thursday, January 10, 2013 4:01:54 PM
Rank: Member

Joined: 9/14/2011
Posts: 869
Location: nairobi
I need your help guys

Does it make sense to buy Uchumi at the current price primarily to allow me participate in the upcoming rights issue?

I ask because most rights issue in 2012 turned to be very profitable for shareholders

i have in mind the banks especially like DTB, NIC etc which i particapted in

i had some sh 150k that i wanted to buy KCB but with price going up am thinking of putting that cash in Uchumi and then particpate in the rights issue
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Aguytrying
#2 Posted : Thursday, January 10, 2013 5:09:45 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
heri wrote:
I need your help guys

Does it make sense to buy Uchumi at the current price primarily to allow me participate in the upcoming rights issue?

I ask because most rights issue in 2012 turned to be very profitable for shareholders

i have in mind the banks especially like DTB, NIC etc which i particapted in

i had some sh 150k that i wanted to buy KCB but with price going up am thinking of putting that cash in Uchumi and then particpate in the rights issue


NO.

Anyway, Uchumi is overvalued and the new shares will dilute EPS further making even more over valued. i dont see the protits comparable to NIC/ DTB. Think more in the lines of KQ. a NO from me.
The investor's chief problem - and even his worst enemy - is likely to be himself
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VituVingiSana
#3 Posted : Friday, January 11, 2013 12:13:41 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,347
Location: Nairobi
heri wrote:
I need your help guys

Does it make sense to buy Uchumi at the current price primarily to allow me participate in the upcoming rights issue?

I ask because most rights issue in 2012 turned to be very profitable for shareholders

i have in mind the banks especially like DTB, NIC etc which i particapted in

i had some sh 150k that i wanted to buy KCB but with price going up am thinking of putting that cash in Uchumi and then particpate in the rights issue

KQ flunked. SCBK, DTB & NIC were sold at huge discounts. All 3 are banks.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#4 Posted : Thursday, July 04, 2013 9:32:04 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Uchumi gets 300m loan facility from ICDC.
GOD BLESS YOUR LIFE
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ekahindi
#5 Posted : Friday, July 05, 2013 7:25:41 AM
Rank: New-farer

Joined: 5/8/2011
Posts: 45
Rink??
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youcan'tstopusnow
#6 Posted : Friday, July 05, 2013 9:52:32 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
ekahindi wrote:
Rink??

Was in the news jana.
GOD BLESS YOUR LIFE
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mwekez@ji
#7 Posted : Friday, July 05, 2013 12:16:20 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
Uchumi gets 300m loan facility from ICDC.


USD¿ KES. ;-)

... nway, uchumi still need the cKES 2B
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youcan'tstopusnow
#8 Posted : Friday, July 05, 2013 12:55:19 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
mwekez@ji wrote:
youcan'tstopusnow wrote:
Uchumi gets 300m loan facility from ICDC.


USD¿ KES. ;-)

... nway, uchumi still need the cKES 2B

KES - ''to be used in expansion''
GOD BLESS YOUR LIFE
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mwekez@ji
#9 Posted : Friday, July 05, 2013 1:04:17 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
mwekez@ji wrote:
youcan'tstopusnow wrote:
Uchumi gets 300m loan facility from ICDC.


USD¿ KES. ;-)

... nway, uchumi still need the cKES 2B

KES - ''to be used in expansion''

;-)
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mwekez@ji
#10 Posted : Wednesday, September 04, 2013 11:46:40 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
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  | | Edit by user: Thursday, September 05, 2013 9:33 AM | Reason: Not specified
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