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Uchumi - A value play?

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Ericsson		#541 Posted : Friday, January 15, 2021 12:16:44 PM
Rank: Elder Joined: 12/4/2009 Posts: 9,402 Location: NAIROBI		HaMaina wrote: HaMaina wrote: FUNKY wrote: KaunganaDoDo wrote: Ericsson wrote: KaunganaDoDo wrote: VituVingiSana wrote: KaunganaDoDo wrote: HaMaina wrote: Whats caused this sudden Uchumi drop?? Nice buy though but I don't understand. Funny this world. Uchumi is outlasting Tuskys, Nakumatt , its richer younger Siblings...Tuskys is now copying Uchumi's survival tactics but without any tangible asset to liquidate and pay its creditors/banks Perhaps some shareholders and creditors expect GoK to bail out Uchumi. There is no Government Bailout...Uchumi has already restructured its Balance sheet...and has assets to gain Operating Liquidity.Currently it has a portal where Suppliers are registering their claims for verification and Payment... Now as we speak, Uchumi can even Buy Out Tuskys.Counters with some Government shareholding are prone to mismanagement but are safe bets against zero collapse Were it not for Gok backing,suppliers and creditors/banks would have acted ruthlessly on Uchumi similar to the way they are doing to Tuskys. Whats happening to Tuskys happened to Uchumi...But because of government hands,The Banks and Creditors agreed to the Company Voluntary Arrangement....this is what Tuskys is looking for. They won't get it. When are the foreign investors finalizing deal? Which foreign inverters are these? Any new info on Uchumi? Jana I even managed a purchase @ 0.25 bob.Today no supply. Hii kitu haieleweki kwa sasa. This one most wazuans don't bother Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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HaMaina		#542 Posted : Friday, January 15, 2021 1:06:32 PM
Rank: Member Joined: 4/23/2014 Posts: 788		Ericsson wrote: HaMaina wrote: [quote=HaMaina] Any new info on Uchumi? Jana I even managed a purchase @ 0.25 bob.Today no supply. Hii kitu haieleweki kwa sasa. This one most wazuans don't bother That's where the taste is. No point going after what everyone likes. “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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Ericsson		#543 Posted : Friday, January 15, 2021 3:25:55 PM
Rank: Elder Joined: 12/4/2009 Posts: 9,402 Location: NAIROBI		HaMaina wrote: Ericsson wrote: HaMaina wrote: [quote=HaMaina] Any new info on Uchumi? Jana I even managed a purchase @ 0.25 bob.Today no supply. Hii kitu haieleweki kwa sasa. This one most wazuans don't bother That's where the taste is. No point going after what everyone likes. Like Safaricom Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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HaMaina		#544 Posted : Friday, January 15, 2021 5:37:06 PM
Rank: Member Joined: 4/23/2014 Posts: 788		Ericsson wrote: [quote=HaMaina][quote=Ericsson][quote=HaMaina][quote=HaMaina] Like Safaricom Safcom was very tasty when it was trading at 2.5 bob - 3.5 bob, if you didn't board then then its your personal choice to board now. I pulled out at 15.something and still regret. “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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HaMaina		#545 Posted : Tuesday, January 19, 2021 1:45:30 PM
Rank: Member Joined: 4/23/2014 Posts: 788		Suddenly for the past 2 days Uchumi shares are being horded. Uzeni wanunuzi wako tayari kununua. “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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sqft		#546 Posted : Tuesday, January 19, 2021 6:06:41 PM
Rank: Veteran Joined: 1/10/2015 Posts: 955 Location: Kenya		Why would one buy shares in a dead company? Proverbs 13:11 Dishonest money dwindles away, but whoever gathers money little by little makes it grow.
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Ericsson		#547 Posted : Tuesday, January 19, 2021 6:24:18 PM
Rank: Elder Joined: 12/4/2009 Posts: 9,402 Location: NAIROBI		sqft wrote: Why would one buy shares in a dead company? Because the brain is dead Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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FUNKY		#548 Posted : Tuesday, January 19, 2021 7:50:18 PM
Rank: Veteran Joined: 4/30/2010 Posts: 1,634		Ericsson wrote: sqft wrote: Why would one buy shares in a dead company? Because the brain is dead Uchumi is really not dead..the few branches which are open are running and are stocked with goods..21st January 2021 was deadline for all suppliers to submit their pending invoices.
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Ericsson		#549 Posted : Tuesday, January 19, 2021 8:19:56 PM
Rank: Elder Joined: 12/4/2009 Posts: 9,402 Location: NAIROBI		FUNKY wrote: Ericsson wrote: sqft wrote: Why would one buy shares in a dead company? Because the brain is dead Uchumi is really not dead..the few branches which are open are running and are stocked with goods..21st January 2021 was deadline for all suppliers to submit their pending invoices. Majority of the suppliers moved on Wealth is built through a relatively simple equation Wealth=Income + Investments - Lifestyle
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FUNKY		#550 Posted : Sunday, January 31, 2021 9:46:52 PM
Rank: Veteran Joined: 4/30/2010 Posts: 1,634		Uchumi hosted a successful sme market yesterday and a farmers market today at their langata hyper branch..I had visited and was busy and they Will be repeating it every weekend.. supermarket itself was stocked also..
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FUNKY		#551 Posted : Monday, February 01, 2021 9:42:29 PM
Rank: Veteran Joined: 4/30/2010 Posts: 1,634		https://citizentv.co.ke/..._twitter_impression=true
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