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Uchumi HY 2015 results - firmly in loss territory
Rank: Elder Joined: 9/15/2006 Posts: 3,905
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 When is this denizen of oold issuing a full year profit warning? Culprit in the numbers appears to be disproportionate increase in Cost of Goods Sold and iny opinion, overdue management overhaul.
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Uchumi following the footsteps of KQ
Jonathan Ciano following the footsteps of Titus Naikuni.
#SAD
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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This half year loss has eroded 30% of the recent rights issue funds
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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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Ciano should have quit at the top. The harder you work, the luckier you get
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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mwekez@ji wrote:This half year loss has eroded 30% of the recent rights issue funds Now hopefully I can defend my position by taking up the rights I forfeited, at sub-rights price and pray that a takeover partner comes along.
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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yawn! i had to go buy a newspaper to look at the balance sheet and commentary to get the full picture. Back to watching my black and white movies
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mwekez@ji wrote:This half year loss has eroded 30% of the recent rights issue funds My stand in these entities Is well known. and they keep proving me right. in the trading period reported. inflation was low, so more disposable income. interest rates lower than previously. so why are they making losses??? The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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Aguytrying wrote:mwekez@ji wrote:This half year loss has eroded 30% of the recent rights issue funds My stand in these entities Is well known. and they keep proving me right. in the trading period reported. inflation was low, so more disposable income. interest rates lower than previously. so why are they making losses??? The Uchumi Shop at the west-end of Loita Street tells it all. The staff service delivery is uchumi-sh, shelves are missing most fast moving goods, etc, etc. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Hello Joined: 2/10/2015 Posts: 8 Location: Nairobi
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COMPARISON
uchumi
H1 results 6 months through 31st Dec 2013
Netsales: 7.286101 B
Cost of sales: 5.834776 B
Gross profit: 1.744853 B
Other Income: 293.529m
Total Income: 1.744853 B
PBT: 106.929m
EPS: 0.40
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Rank: New-farer Joined: 1/26/2014 Posts: 14
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dunkang wrote:Aguytrying wrote:mwekez@ji wrote:This half year loss has eroded 30% of the recent rights issue funds My stand in these entities Is well known. and they keep proving me right. in the trading period reported. inflation was low, so more disposable income. interest rates lower than previously. so why are they making losses??? The Uchumi Shop at the west-end of Loita Street tells it all. The staff service delivery is uchumi-sh, shelves are missing most fast moving goods, etc, etc. Not surprised as well. Gave up on Uchumi after seeing rats on Ngong road near the fridge. The area around the fridge was also stinking. The supermarket also lacks basic stuff found in other supermarkets. One guy working there told me "suppliers hawajalipwa" when I asked him why they didnt have basic stuff one day. The last nail on the coffin was when I bought milk before it had expired only to get home and it looked like Mala probably it wasnt stored in the fridge in good time.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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http://www.investopedia....ess-cycle-investing.asp
https://www.moodys.com/r....mc_id=%40moodysratings
cc. @KQ Such a resilient business. Even with the stock outs of H1, the topline maintained. Passed by Agakhan Walk, some difference is being made there.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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bazuka wrote:dunkang wrote:Aguytrying wrote:mwekez@ji wrote:This half year loss has eroded 30% of the recent rights issue funds My stand in these entities Is well known. and they keep proving me right. in the trading period reported. inflation was low, so more disposable income. interest rates lower than previously. so why are they making losses??? The Uchumi Shop at the west-end of Loita Street tells it all. The staff service delivery is uchumi-sh, shelves are missing most fast moving goods, etc, etc. Not surprised as well. Gave up on Uchumi after seeing rats on Ngong road near the fridge. The area around the fridge was also stinking. The supermarket also lacks basic stuff found in other supermarkets. One guy working there told me "suppliers hawajalipwa" when I asked him why they didnt have basic stuff one day. The last nail on the coffin was when I bought milk before it had expired only to get home and it looked like Mala probably it wasnt stored in the fridge in good time. thanks. you have collaborated my story on kengen thread. a big rat was spotted at that ngong hyper by a friend 2 days ago. I'm sure nakumatt is making huge profits in the same period The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Aguytrying wrote:mwekez@ji wrote:This half year loss has eroded 30% of the recent rights issue funds My stand in these entities Is well known. and they keep proving me right. in the trading period reported. inflation was low, so more disposable income. interest rates lower than previously. so why are they making losses??? They are making losses "due to committed rental escalations and the impact of rent for newly opened branches that have yet to mature, coupled with higher staff costs occasioned by growth in branch networks" As for nakumatt they paid 4b for shoprite in Tz and the courts blocked the deal till early this month. shoprite was kicked out for flooding Tz with SA goods. go figure
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mkonomtupu wrote:Aguytrying wrote:mwekez@ji wrote:This half year loss has eroded 30% of the recent rights issue funds My stand in these entities Is well known. and they keep proving me right. in the trading period reported. inflation was low, so more disposable income. interest rates lower than previously. so why are they making losses??? They are making losses "due to committed rental escalations and the impact of rent for newly opened branches that have yet to mature, coupled with higher staff costs occasioned by growth in branch networks" As for nakumatt they paid 4b for shoprite in Tz and the courts blocked the deal till early this month. shoprite was kicked out for flooding Tz with SA goods. go figure wow. not as straight forward as I thought The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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mkonomtupu wrote:Aguytrying wrote:mwekez@ji wrote:This half year loss has eroded 30% of the recent rights issue funds My stand in these entities Is well known. and they keep proving me right. in the trading period reported. inflation was low, so more disposable income. interest rates lower than previously. so why are they making losses??? They are making losses "due to committed rental escalations and the impact of rent for newly opened branches that have yet to mature, coupled with higher staff costs occasioned by growth in branch networks" As for nakumatt they paid 4b for shoprite in Tz and the courts blocked the deal till early this month. shoprite was kicked out for flooding Tz with SA goods. go figure wow. not as straight forward as I thought The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 2/24/2015 Posts: 154 Location: Nairobi
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mkonomtupu wrote:yawn! i had to go buy a newspaper to look at the balance sheet and commentary to get the full picture. Back to watching my black and white movies You can get full financials (annuals and interims) and ratios at rwandainvestor.com for free because of the crosslisting. Same applies for KCB, NMG and Equity.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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what's this rumour I hear of an uchumi takeover. source SIB The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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A take over will help Uchumi greatly.
For now it is dying slooooowwwwllllyyyy
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Uchumi and KQ are veeery similar. They report a small profit signalling recovery suck in sheep/Wanjiku and call for more cash only later report a huuuugeeee loss. Uchumi kq mumias kengen : These are "private developers" eating highways. Take money from them ,losses reported,they authorise gvt bailout and pump un cash. They milk again involving a few shareholders. One has to be a trader to get something here...no investing hapa. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: New-farer Joined: 1/21/2015 Posts: 31
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Boris Boyka wrote:Uchumi and KQ are veeery similar. They report a small profit signalling recovery suck in sheep/Wanjiku and call for more cash only later report a huuuugeeee loss. Uchumi kq mumias kengen : These are "private developers" eating highways. Take money from them ,losses reported,they authorise gvt bailout and pump un cash. They milk again involving a few shareholders. One has to be a trader to get something here...no investing hapa. Wah! I beg to support your views. These stocks only bend or rise if the one paying the tune is from above. They can surely be Eating schemes!  Ask & it'll be given to you,seek & you shall find..Mathew:7:7
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Uchumi HY 2015 results - firmly in loss territory
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