---------- Forwarded message ---------- From: info <info@circuitspackets.co.ke> Date: Jul 18, 2006 8:38 PM Subject: [Stock-Detective News] Alert - UCHUMI – Their Half-Way Proposition To: news@stock-detective.co.ke 'Don't worry, I will make them an offer they cannot refuse' - Don Corleone in the God-Father. That seems to be, what the dons in Uchumi are thinking at the moment. The Stock-Detective has established that the Shareholders meeting for Uchumi is as predicted on our website, scheduled for Friday, 21st July 2006 at KICC. We will not bother with the details on the time for it will be in the press in the next few days. Let's dig into their more interesting strategy. Apparently, the 'big' shareholders of Uchumi have been talking to the 'management' since they do not want to see their cash go down the drain. Their offer - They pump in more money into Uchumi to be converted into equity...[but], they get to earn 6% interest in the new capital injection. Apparently, 'the powers that be', did not like the 'big shots' making this decision on their own and thus the need to call the Friday meeting for all the shareholders. The argument at the moment seems to be that since they stand to lose all…they had better pump in a bit more, ensure Uchumi is profitable and then reap in the future...albeit pegged on interest in regard to the new capital injection. Of course, sideshows still ran paramount with antics like Farmers Choice could not believe that their products were not in the shelves and the MD (holed somewhere in London) summoned the marketing guys to ensure all Uchumis stock our favourite sausages. Don't we learn from past mistakes?? As we ponder whether CMA and NSE will accept this half-way proposition by Uchumi big wits, why not focus on the sound business/investment to be made here by the 'normal' shareholder? Of course, it sounds lucrative to add more cash into Uchumi instead of losing all. But that does not mean that you stand to lose if the supermarket soars without your new investment. The issue really is - Is it financially logical to pump in more money just because Government bailed out an in-efficiently run supermarket?? Pundits argue that Uchumi has what it takes, ample parking, 'soon to be' fully-stocked shelves and friendly customer service. But it's your money that counts here. Is this an offer you cannot refuse?? Stock-Detective is only two weeks old and therefore feels too naive to offer advice here. IT'S YOUR CALL!! Reported by the 'Stock-Detective' somewhere around in Nairobi City! Keep it here for more breaking news. _______________________________________________ News mailing list News@stock-detective.co.ke http://www.stock-detective.co.ke:8080/cgi-bin/mailman/listinfo/news -- -- With Kind Regards, Bildad Kagai MD - Circuits & Packets Communications Ltd Content & Training Partner - JKUAT E-Government Academy Suite B2, Tetu Apartments, State House Avenue P. O. Box 20311 - 00200 Nairobi, Kenya Tel. 254 20 2728332 Fax. 254 20 2726965 Cell. 254 722 379409 URL. www.circuitspackets.co.ke URL. www.JKUATEgovAcademy.ac.ke