Sector: Commercial and Services
Main Investment Segment
KES 0.18 0.02 (10.00%)
End of day - Dec 20, 2024
Price Information
Previous:
0.20
Open:
0.19
Average:
0.18
Deals:
25
Volume:
258,900
Turnover:
46,712
RANGE
Day:
0.18 - 0.19
52-week:
0.16 - 0.23
Other Information
Average Volume:
68,210
BETA:
0.32
Shares Issued:
364.96M
Year End:
June 30
Par Value:
-
Profile
Uchumi Supermarkets Limited is a Kenya-based company involved in operating retail supermarket. The Company operates in three segments, which include geographical locations, such as Kenya, Uganda and Tanzania. The company distributes fruit and vegetables, bread and pastries, and a range of local merchandise.Its subsidiaries include Uchumi Supermarkets (Uganda) Limited, Uchumi Supermarkets (Tanzania) Limited and Kasarani Mall Limited. Uchumi Supermarkets Ltd exited Uganda and Tanzania a strategic move to consolidate it's business and to strenghten the Kenyan Operations. The Company plans to re-enter the regional markets once the parent operations are stabilised.
Uchumi Supermarkets Ltd is currently undergoing a restructuring exercise that seeks to convert debts outstanding into equity. Its shareholders’ stake will be diluted by nearly 60 per cent after suppliers of the retail chain agreed to convert Sh1.8 billion debt into equity. The company going forward is also seeking to have a strategic investor come in to inject additional funds. The company is focusing on Optimizing operations of the parent company then considering expansion thereafter.
