{"id":395535,"date":"2011-04-25T02:53:53","date_gmt":"2011-04-25T02:53:53","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/04\/25\/long-wait-for-uchumi\/"},"modified":"2011-04-25T02:53:53","modified_gmt":"2011-04-25T02:53:53","slug":"long-wait-for-uchumi","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/","title":{"rendered":"Long Wait for Uchumi"},"content":{"rendered":"<div readability=\"27.2413793103\">\n<hr class=\"thin clear\" \/>\n<hr class=\"thin clear\" \/>\n<p><a href=\"http:\/\/www.nation.co.ke\/\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/450a559cnation180.jpg.jpg\" alt=\"The Nation (Nairobi)\" title=\"Visit The Nation (Nairobi)\" \/><\/a><\/p>\n<p>22 April 2011<\/p>\n<hr class=\"thin clear\" \/>\n<p>editorial<\/p>\n<p>Nairobi \u2014 It&#8217;s over a year since Uchumi Supermarkets was lifted out of receivership, yet investors are still getting conflicting statements on its relisting.<\/p>\n<p>Management says the one-time retail giant, brought on its knees by mismanagement, has met all the pre-conditions for readmission to the Nairobi Stock Exchange.<\/p>\n<p>These include, among others, a three-year profit record, capitalisation and, most important, a strong balance sheet and cashflow through equity restructuring.<\/p>\n<p>Then things get fuzzy. All we know is Uchumi has applied for readmission to the Capital Markets Authority, which has been either vague or economical with details. The suspension from NSE has locked up investors&#8217; funds since June 2006.<\/p>\n<p>Shareholders have been patient for five years and this patience won&#8217;t last long. Lack of a clear way forward is likely to fuel speculation that the retailer is not healthy enough for trading at the bourse, and so its stock not worth holding.<\/p>\n<p>If there&#8217;s no good enough reason to delay Uchumi&#8217;s return to the stock market, the CMA should speed up the process and unlock investments for the over 1,200 shareholders.<\/p>\n<p><\/p>\n<fieldset>\n<legend align=\"center\"><strong>More News on allAfrica.com<\/strong><\/legend>\n<\/fieldset>\n<p>AllAfrica &#8211; All the Time<\/p>\n<hr \/>\n<\/div>\n<\/p>\n<p>View article:<br \/>\n<a target=\"_blank\" href=\"http:\/\/allafrica.com\/stories\/201104250195.html\" title=\"Long Wait for Uchumi\" rel=\"noopener noreferrer\">Long Wait for Uchumi<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 22 April 2011 editorial Nairobi \u2014 It&#8217;s over a year since Uchumi Supermarkets was lifted out of receivership, yet investors are still getting conflicting statements on its relisting. Management says the one-time retail giant, brought on its knees by mismanagement, has met all the pre-conditions for readmission to the Nairobi Stock Exchange. These include, among others, a three-year profit record, capitalisation and, most important, a strong balance sheet and cashflow through equity restructuring. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-395535","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Long Wait for Uchumi - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Long Wait for Uchumi - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"22 April 2011 editorial Nairobi \u2014 It&#039;s over a year since Uchumi Supermarkets was lifted out of receivership, yet investors are still getting conflicting statements on its relisting. Management says the one-time retail giant, brought on its knees by mismanagement, has met all the pre-conditions for readmission to the Nairobi Stock Exchange. These include, among others, a three-year profit record, capitalisation and, most important, a strong balance sheet and cashflow through equity restructuring.\" \/>\n<meta name=\"twitter:image\" content=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/450a559cnation180.jpg.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Long Wait for Uchumi\",\"datePublished\":\"2011-04-25T02:53:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/\"},\"wordCount\":203,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/450a559cnation180.jpg.jpg\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/\",\"name\":\"Long Wait for Uchumi - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/450a559cnation180.jpg.jpg\",\"datePublished\":\"2011-04-25T02:53:53+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/#primaryimage\",\"url\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/450a559cnation180.jpg.jpg\",\"contentUrl\":\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/04\/450a559cnation180.jpg.jpg\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Long Wait for Uchumi - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/04\/25\/long-wait-for-uchumi\/","twitter_card":"summary_large_image","twitter_title":"Long Wait for Uchumi - Ghanamma.com","twitter_description":"22 April 2011 editorial Nairobi \u2014 It's over a year since Uchumi Supermarkets was lifted out of receivership, yet investors are still getting conflicting statements on its relisting. 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