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9 Pages«<23456>»
Nakumatt: Another ailing Kenyan company
Lolest!
#61 Posted : Tuesday, November 01, 2016 6:43:52 AM
Rank: Elder


Joined: 3/18/2011
Posts: 9,746
Location: Kianjokoma
Our public sector thieving has now moved to private sector. The problem with private sector is the effect will be felt faster
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
Mainat
#62 Posted : Tuesday, November 01, 2016 7:02:10 AM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,581
Corporate governance (lack of) will wilt our economy.


But there is also something that doesn't add up. Our economy can't be growing at "5.9%" which is faster than last year, yet no business is exceeding performance expectations...
Sehemu ndio nyumba
maka
#63 Posted : Tuesday, November 01, 2016 7:34:39 AM
Rank: Elder


Joined: 4/22/2010
Posts: 9,712
Location: Nairobi
Mainat wrote:
Corporate governance (lack of) will wilt our economy.


But there is also something that doesn't add up. Our economy can't be growing at "5.9%" which is faster than last year, yet no business is exceeding performance expectations...


Sad
possunt quia posse videntur
Gatheuzi
#64 Posted : Tuesday, November 01, 2016 8:00:21 AM
Rank: Veteran


Joined: 8/16/2009
Posts: 904
If Uchumi had financial muscles it could have used this God sent opportunity to recoup its lost market share. Too bad that they too are in ICU. But not to worry all yo middle class, someone will fill the gap that will be left once Nakumatt gets burried (maybe Chadarana or some international outfit). Local supermarkets will also gain from the spoils aka Tuskys, Naivas etc. So in short we need not cry over their mismgt.
"The end of the Republic has never looked better......" Barack Obama, 44th President of the United States
KulaRaha
#65 Posted : Tuesday, November 01, 2016 8:20:19 AM
Rank: Elder


Joined: 7/26/2007
Posts: 5,754
Mainat wrote:
Corporate governance (lack of) will wilt our economy.


But there is also something that doesn't add up. Our economy can't be growing at "5.9%" which is faster than last year, yet no business is exceeding performance expectations...


If you strip out SGR, and probably most scandals which are accounted for as development growth, we would be doing barely 1%.
Business opportunities are like buses,there's always another one coming
watesh
#66 Posted : Tuesday, November 01, 2016 9:54:49 AM
Rank: Member


Joined: 8/10/2014
Posts: 548
Location: Kenya
Meanwhile, Nakumatt Rwanda is opening up two more branches early next year in Kagugu and Ramera
Angelica _ann
#67 Posted : Tuesday, November 01, 2016 10:01:13 AM
Rank: Elder


Joined: 12/7/2012
Posts: 6,716
KulaRaha wrote:
Mainat wrote:
Corporate governance (lack of) will wilt our economy.


But there is also something that doesn't add up. Our economy can't be growing at "5.9%" which is faster than last year, yet no business is exceeding performance expectations...


If you strip out SGR, and probably most scandals which are accounted for as development growth, we would be doing barely 1%.

Why strip what is part of development in the economy!!!
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Swenani
#68 Posted : Tuesday, November 01, 2016 10:13:50 AM
Rank: User


Joined: 8/15/2013
Posts: 11,311
Location: Vacuum
Angelica _ann wrote:
KulaRaha wrote:
Mainat wrote:
Corporate governance (lack of) will wilt our economy.


But there is also something that doesn't add up. Our economy can't be growing at "5.9%" which is faster than last year, yet no business is exceeding performance expectations...


If you strip out SGR, and probably most scandals which are accounted for as development growth, we would be doing barely 1%.

Why strip what is part of development in the economy!!!


Because we like strippers
"If you're tired of arguing with strangers on internet, try talking to one of them in real life"-Barack Obama 10th January 2017
willin2learn
#69 Posted : Tuesday, November 01, 2016 10:25:26 AM
Rank: Veteran


Joined: 2/12/2008
Posts: 1,162
kaimbaga2012 wrote:
Some of the owners of Nakumatt are the same same people who were behind Charterhouse Bank. As far as am concerned the losses don't add up at all. This is a serious case of creative Accounting to evade tax or funds are being siphoned to offshore Accounts.


Me suspects KRA has caught up with them on tax arrears Or they have been requested to support a peasant son's political ambitions...
Ericsson
#70 Posted : Tuesday, November 01, 2016 10:33:37 AM
Rank: Elder


Joined: 12/4/2009
Posts: 3,027
Location: NAIROBI
Nakumatt===Karuturi flowers Naivasha
Watch the unfolding movie
KulaRaha
#71 Posted : Tuesday, November 01, 2016 10:43:58 AM
Rank: Elder


Joined: 7/26/2007
Posts: 5,754
Angelica _ann wrote:
KulaRaha wrote:
Mainat wrote:
Corporate governance (lack of) will wilt our economy.


But there is also something that doesn't add up. Our economy can't be growing at "5.9%" which is faster than last year, yet no business is exceeding performance expectations...


If you strip out SGR, and probably most scandals which are accounted for as development growth, we would be doing barely 1%.

Why strip what is part of development in the economy!!!


Because SGR isnt something we can count on annually...its a one-off. And how many local suppliers to SGR do you know, apart from labour?
Business opportunities are like buses,there's always another one coming
Ericsson
#72 Posted : Wednesday, November 02, 2016 5:22:05 PM
Rank: Elder


Joined: 12/4/2009
Posts: 3,027
Location: NAIROBI
Nakumatt has in the past couple of months grappled with boycotts from its suppliers over delayed payments and changes in contract terms, which have led to empty shelves in some outlets, particularly in Uganda.
Last year its profits dipped to $3.05 million from $8.23 million in 2013, largely due to rising interest charges associated with the large debt that has been used to fund growth.

http://www.theeastafrica...4608-up0jpwz/index.html
Gatheuzi
#73 Posted : Wednesday, November 02, 2016 7:44:00 PM
Rank: Veteran


Joined: 8/16/2009
Posts: 904
Did Mzee Mwao bail ship, or he is still dani?
"The end of the Republic has never looked better......" Barack Obama, 44th President of the United States
Bigchick
#74 Posted : Wednesday, November 02, 2016 8:59:27 PM
Rank: Elder


Joined: 2/8/2013
Posts: 2,523
Location: At Large.
Gatheuzi wrote:
If Uchumi had financial muscles it could have used this God sent opportunity to recoup its lost market share. Too bad that they too are in ICU. But not to worry all yo middle class, someone will fill the gap that will be left once Nakumatt gets burried (maybe Chadarana or some international outfit). Local supermarkets will also gain from the spoils aka Tuskys, Naivas etc. So in short we need not cry over their mismgt.



Tuskys and Naivas are also donning empty shelves.The 24 hour outlets stopped and now close at 10.30pm

Only the Maguna Andus and other smaller supermarket will gain and survive this meltdown.Their size working for them.
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
Swenani
#75 Posted : Wednesday, November 02, 2016 9:28:58 PM
Rank: User


Joined: 8/15/2013
Posts: 11,311
Location: Vacuum
Bigchick wrote:
Gatheuzi wrote:
If Uchumi had financial muscles it could have used this God sent opportunity to recoup its lost market share. Too bad that they too are in ICU. But not to worry all yo middle class, someone will fill the gap that will be left once Nakumatt gets burried (maybe Chadarana or some international outfit). Local supermarkets will also gain from the spoils aka Tuskys, Naivas etc. So in short we need not cry over their mismgt.



Tuskys and Naivas are also donning empty shelves.The 24 hour outlets stopped and now close at 10.30am.

Only the Maguna Andus and other smaller supermarket will gain and survive this meltdown.Their size working for them.


what do you mean?
"If you're tired of arguing with strangers on internet, try talking to one of them in real life"-Barack Obama 10th January 2017
Ericsson
#76 Posted : Thursday, November 03, 2016 9:07:05 AM
Rank: Elder


Joined: 12/4/2009
Posts: 3,027
Location: NAIROBI
As Uchumi and Nakumatt tumble Naivas continues with expansion;

http://www.businessdaily...39006-s2eqy5z/index.html
KulaRaha
#77 Posted : Thursday, November 03, 2016 9:10:05 AM
Rank: Elder


Joined: 7/26/2007
Posts: 5,754
Gatheuzi wrote:
Did Mzee Mwao bail ship, or he is still dani?


Word is the shareholders claim they were busy paying him off, hence the poor cashflows.

Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Business opportunities are like buses,there's always another one coming
Impunity
#78 Posted : Thursday, November 03, 2016 9:34:15 AM
Rank: Elder


Joined: 3/2/2009
Posts: 25,004
Location: Masada
Bigchick wrote:
Gatheuzi wrote:
If Uchumi had financial muscles it could have used this God sent opportunity to recoup its lost market share. Too bad that they too are in ICU. But not to worry all yo middle class, someone will fill the gap that will be left once Nakumatt gets burried (maybe Chadarana or some international outfit). Local supermarkets will also gain from the spoils aka Tuskys, Naivas etc. So in short we need not cry over their mismgt.



Tuskys and Naivas are also donning empty shelves.The 24 hour outlets stopped and now close at 10.30am.

Only the Maguna Andus and other smaller supermarket will gain and survive this meltdown.Their size working for them.


Kamindi supermarket too will survive.
smile
Portfolio: KQ 6,200
You know you've made it when you get a parking space for your yatcht.

Bigchick
#79 Posted : Thursday, November 03, 2016 11:20:13 AM
Rank: Elder


Joined: 2/8/2013
Posts: 2,523
Location: At Large.
Swenani wrote:
Bigchick wrote:
Gatheuzi wrote:
If Uchumi had financial muscles it could have used this God sent opportunity to recoup its lost market share. Too bad that they too are in ICU. But not to worry all yo middle class, someone will fill the gap that will be left once Nakumatt gets burried (maybe Chadarana or some international outfit). Local supermarkets will also gain from the spoils aka Tuskys, Naivas etc. So in short we need not cry over their mismgt.



Tuskys and Naivas are also donning empty shelves.The 24 hour outlets stopped and now close at 10.30am.

Only the Maguna Andus and other smaller supermarket will gain and survive this meltdown.Their size working for them.


what do you mean?


Collected.I meant 10.30pm.Solly.
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
Lolest!
#80 Posted : Thursday, November 03, 2016 1:42:13 PM
Rank: Elder


Joined: 3/18/2011
Posts: 9,746
Location: Kianjokoma
Impunity wrote:
Bigchick wrote:
Gatheuzi wrote:
If Uchumi had financial muscles it could have used this God sent opportunity to recoup its lost market share. Too bad that they too are in ICU. But not to worry all yo middle class, someone will fill the gap that will be left once Nakumatt gets burried (maybe Chadarana or some international outfit). Local supermarkets will also gain from the spoils aka Tuskys, Naivas etc. So in short we need not cry over their mismgt.



Tuskys and Naivas are also donning empty shelves.The 24 hour outlets stopped and now close at 10.30am.

Only the Maguna Andus and other smaller supermarket will gain and survive this meltdown.Their size working for them.


Kamindi supermarket too will survive.
smile

smile smile smile
Na pia Mulleys, Cleanshelf, Jacmil
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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