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5 Pages«<345
Uchumi HY 2018, the disaster
Pesa Nane
#81 Posted : Friday, October 26, 2018 9:19:16 AM
Rank: Elder


Joined: 5/25/2012
Posts: 3,992
Location: 08c
Care givers have scattered. Monkey must die. Sad



Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#82 Posted : Friday, November 02, 2018 7:35:30 AM
Rank: Chief


Joined: 1/3/2007
Posts: 15,264
Location: Nairobi
Struggling Uchumi winding up claims hit Sh900 million
https://www.businessdail...4832948-9mbg9/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
HaMaina
#83 Posted : Friday, November 16, 2018 2:50:40 PM
Rank: Member


Joined: 4/23/2014
Posts: 559
There seems to be work ongoing inside Uchumi Ongata Ronga. Does anyone have any info? or maybe its just another supermarket about to start.
“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
Kibe21
#84 Posted : Friday, November 16, 2018 8:01:05 PM
Rank: New-farer


Joined: 8/1/2018
Posts: 23
Location: Nairobi
HaMaina wrote:
There seems to be work ongoing inside Uchumi Ongata Ronga. Does anyone have any info? or maybe its just another supermarket about to start.

Choppies is taking up the space.
obiero
#85 Posted : Friday, November 16, 2018 8:33:56 PM
Rank: Elder


Joined: 6/23/2009
Posts: 11,061
Location: nairobi
Kibe21 wrote:
HaMaina wrote:
There seems to be work ongoing inside Uchumi Ongata Ronga. Does anyone have any info? or maybe its just another supermarket about to start.

Choppies is taking up the space.

There is no company which I have diagnosed to be dying that has not eventually died. None
COOP 5,500; KCB 3,700; KQ 96,100
VituVingiSana
#86 Posted : Friday, November 16, 2018 11:46:26 PM
Rank: Chief


Joined: 1/3/2007
Posts: 15,264
Location: Nairobi
obiero wrote:
Kibe21 wrote:
HaMaina wrote:
There seems to be work ongoing inside Uchumi Ongata Ronga. Does anyone have any info? or maybe its just another supermarket about to start.

Choppies is taking up the space.

There is no company which I have diagnosed to be dying that has not eventually died. None
Uchumi has been on the downward slope for years. No surprise there.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
hardwood
#87 Posted : Wednesday, November 28, 2018 11:18:19 AM
Rank: Elder


Joined: 7/28/2015
Posts: 8,412
Uchumi inks Sh2.8bn sale contract for Kasarani land.

Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes.

https://www.businessdail...2098-n2ifwwz/index.html


wukan
#88 Posted : Wednesday, November 28, 2018 12:17:35 PM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,006
hardwood wrote:
Uchumi inks Sh2.8bn sale contract for Kasarani land.

Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes.

https://www.businessdail...2098-n2ifwwz/index.html




Showing Uchumi was good at real estate investment but poor in its core function retaild'oh! d'oh! There are no fortunes to turn around.
hardwood
#89 Posted : Wednesday, November 28, 2018 12:45:40 PM
Rank: Elder


Joined: 7/28/2015
Posts: 8,412
wukan wrote:
hardwood wrote:
Uchumi inks Sh2.8bn sale contract for Kasarani land.

Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes.

https://www.businessdail...2098-n2ifwwz/index.html




Showing Uchumi was good at real estate investment but poor in its core function retaild'oh! d'oh! There are no fortunes to turn around.


Sold at 140m per acre. What does Pastor Mwai want to do with the land?
Ericsson
#90 Posted : Wednesday, November 28, 2018 12:57:20 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,176
Location: NAIROBI
hardwood wrote:
wukan wrote:
hardwood wrote:
Uchumi inks Sh2.8bn sale contract for Kasarani land.

Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes.

https://www.businessdail...2098-n2ifwwz/index.html




Showing Uchumi was good at real estate investment but poor in its core function retaild'oh! d'oh! There are no fortunes to turn around.


Sold at 140m per acre. What does Pastor Mwai want to do with the land?


Build a church with administration offices and a full college
hardwood
#91 Posted : Wednesday, November 28, 2018 1:06:36 PM
Rank: Elder


Joined: 7/28/2015
Posts: 8,412
Ericsson wrote:
hardwood wrote:
wukan wrote:
hardwood wrote:
Uchumi inks Sh2.8bn sale contract for Kasarani land.

Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes.

https://www.businessdail...2098-n2ifwwz/index.html




Showing Uchumi was good at real estate investment but poor in its core function retaild'oh! d'oh! There are no fortunes to turn around.


Sold at 140m per acre. What does Pastor Mwai want to do with the land?


Build a church with administration offices and a full college


Sure? Not subdivide into 1/8th plots for sale?
Ericsson
#92 Posted : Wednesday, November 28, 2018 1:07:39 PM
Rank: Elder


Joined: 12/4/2009
Posts: 6,176
Location: NAIROBI
hardwood wrote:
Ericsson wrote:
hardwood wrote:
wukan wrote:
hardwood wrote:
Uchumi inks Sh2.8bn sale contract for Kasarani land.

Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes.

https://www.businessdail...2098-n2ifwwz/index.html




Showing Uchumi was good at real estate investment but poor in its core function retaild'oh! d'oh! There are no fortunes to turn around.


Sold at 140m per acre. What does Pastor Mwai want to do with the land?


Build a church with administration offices and a full college


Sure? Not subdivide into 1/8th plots for sale?


Nope
Angelica _ann
#93 Posted : Wednesday, November 28, 2018 2:50:26 PM
Rank: Elder


Joined: 12/7/2012
Posts: 10,115
Ericsson wrote:
hardwood wrote:
Ericsson wrote:
hardwood wrote:
wukan wrote:
hardwood wrote:
Uchumi inks Sh2.8bn sale contract for Kasarani land.

Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes.

https://www.businessdail...2098-n2ifwwz/index.html




Showing Uchumi was good at real estate investment but poor in its core function retaild'oh! d'oh! There are no fortunes to turn around.


Sold at 140m per acre. What does Pastor Mwai want to do with the land?


Build a church with administration offices and a full college


Sure? Not subdivide into 1/8th plots for sale?


Nope


1/8 mentality will kill Nairobi & suburbs Laughing out loudly Laughing out loudly Laughing out loudly
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
hardwood
#94 Posted : Wednesday, November 28, 2018 2:56:27 PM
Rank: Elder


Joined: 7/28/2015
Posts: 8,412
Angelica _ann wrote:
Ericsson wrote:
hardwood wrote:
Ericsson wrote:
hardwood wrote:
wukan wrote:
hardwood wrote:
Uchumi inks Sh2.8bn sale contract for Kasarani land.

Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes.

https://www.businessdail...2098-n2ifwwz/index.html




Showing Uchumi was good at real estate investment but poor in its core function retaild'oh! d'oh! There are no fortunes to turn around.


Sold at 140m per acre. What does Pastor Mwai want to do with the land?


Build a church with administration offices and a full college


Sure? Not subdivide into 1/8th plots for sale?


Nope


1/8 mentality will kill Nairobi & suburbs Laughing out loudly Laughing out loudly Laughing out loudly


Haha. I was looking forward to buy a piece to put up a block of flats. 2brms go for 25k in that area. A block with 6 floors can give you >700k per month.
HaMaina
#95 Posted : Thursday, November 29, 2018 9:17:23 AM
Rank: Member


Joined: 4/23/2014
Posts: 559
hardwood wrote:
Angelica _ann wrote:
Ericsson wrote:
hardwood wrote:
Ericsson wrote:
hardwood wrote:
wukan wrote:
hardwood wrote:
Uchumi inks Sh2.8bn sale contract for Kasarani land.

Uchumi, which owes suppliers over Sh3.6 billion, has been banking on the sale of the land to turn around its fortunes.

https://www.businessdail...2098-n2ifwwz/index.html




Showing Uchumi was good at real estate investment but poor in its core function retaild'oh! d'oh! There are no fortunes to turn around.


Sold at 140m per acre. What does Pastor Mwai want to do with the land?


Build a church with administration offices and a full college


Sure? Not subdivide into 1/8th plots for sale?


Nope


1/8 mentality will kill Nairobi & suburbs Laughing out loudly Laughing out loudly Laughing out loudly


Haha. I was looking forward to buy a piece to put up a block of flats. 2brms go for 25k in that area. A block with 6 floors can give you >700k per month.


I think the current building regulations specify that beyond the 5th floor, a lift has to be installed. Which would mean more expenses and a higher rent bracket.
“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
Pesa Nane
#96 Posted : Wednesday, March 13, 2019 9:37:12 AM
Rank: Elder


Joined: 5/25/2012
Posts: 3,992
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
Ericsson
#97 Posted : Wednesday, March 13, 2019 10:42:30 AM
Rank: Elder


Joined: 12/4/2009
Posts: 6,176
Location: NAIROBI
Pesa Nane wrote:


Inconsequential.The company is dead
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