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Uchumi Supermarket Plc (UCHM) Realtime Stock Quote | Nairobi Securities Exchange | myStocks

Uchumi Supermarket Plc (UCHM)

  
End of day - Nov 20, 2024
0.19
-0.01 (-5.00%)
0.20
Previous
0.19   -0.01 (-5.00%)
End of day - Nov 20, 2024
0.21
High
0.19
Low
13,000
Volume
2,529.00
Turnover
0.16 - 0.23
52-week Range
 
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Market Commentary

Inflation has increased for the ninth straight month in July, bringing renewed pressure on the Central bank to tighten its monetary policy. Inflation may slow to between 8 percent and 9 percent by the end of the year if the central bank raises rates, while failure to tighten monetary policy may keep the inflation rate above 12 percent.

Brief Company Profile

Market Segment: Main Investment Segment
Sector: Commercial and Services

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. 

Jan 16, 2017
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