Author Topic: Uchumi headed to the red line again?!!  (Read 2005 times)

Offline gout

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Uchumi headed to the red line again?!!
« on: October 31, 2014, 04:46:41 PM »
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http://www.businessdailyafrica.com/Uchumi-stock-now-declines-below-discounted-cash-call-price-/-/539552/2504186/-/11qmqmr/-/index.html

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http://www.businessdailyafrica.com/Corporate-News/Uchumi-takes-Sh405m-Co-op-loan/-/539550/2461026/-/pj3nht/-/index.html

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The listed retailer in its latest annual report said it borrowed the funds at an interest rate of 18 per cent and that the loan is repayable in a year, meaning Uchumi will incur Sh108 million in finance costs.
http://www.businessdailyafrica.com/Corporate-News/Uchumi-secures-additional-Sh600m-KCB-loan/-/539550/2494892/-/v21vjk/-/index.html

the cost of capital in Kenya is just crazy ......
Government, even in its best state, is but a necessary evil; in its worst state, an intolerable one ~ Thomas Paine