Uchumi Supermarket Ltd (UCHM)

uchumi

Company Overview:

The company was founded in 1975, as a public limited liability company, by three Kenyan parastatal companies: Industrial and Commercial Development Corporation, Kenya Wine Agencies Limited (KWAL), and Kenya National Trading Corporation. The main objective at the time was to create outlets for the equitable distribution of commodities and to create retail outlets for Kenyan manufactures. In 1976, Uchumi’s shareholders signed a management contract with Standa SPA , an Italian supermarket chain, to train Kenyans to run the new enterprise. The shares of the company stock were listed on the Nairobi Stock Exchange (NSE) in 1992. Uchumi closed down, albeit temporarily, and was placed in receivership during June 2006 after 30 years of business. It was simultaneously de-listed from the NSE. At the time, its closure was described as “one of the greatest corporate disasters in independent Kenya history”. A government-led rescue plan, however, was initiated and consequently five Uchumi outlets, all in Nairobi, were reopened on 15 July 2006 under interim management and a caretaker administrator. By January 2011, the retail chain had returned to profitability and applied to the Kenya Capital Markets Authority to re-list its shares on the NSE. Approval to re-list on the NSE was granted in May 2011 and trading in the shares of Uchumi resumed on 31 May 2011.

 

Shares Traded:                   364.96M

Trading Year End:                June 30

UCHUMI SUPERMARKET LTD (UCHM) TOP SHAREHOLDERS

 NAMEOWNERSHIP (%)
1.JAMII BORA BANK LIMITED14.90
2.GOVERNMENT OF KENYA14.67
3.PAUL WANDERI NDUNGU5.51
4.ST
ANDARD CHARTERED NOMINEESLTD NON RESD A/CKE11663
5.21
5.EQUITY NOMINEES LIMITED
A/C0142
4.80
6.ST
ANDARD CHARTERED NOMINEES NON-RESD. A/C KE8723
3.85
7.BRUNEI INVESTMENT LIMITED3.52
8.ST
ANDARD CHARTERED NOMINEES NON-RESD. A/C 9289
2.88
9.KARIM JAMAL2.44
10.CO-OP CUSTODY A/C 40182.30
11.OTHERS39.92
Total100.00

 

UCHUMI SUPERMARKET LTD (UCHM) FINANCIALS

  FY 2016 (Ksh.000)FY 2015 (Ksh.000)FY 2014 (Ksh.000)FY 2013 (Ksh.000)FY 2012 (Ksh.000)
1.Sales12,888,97414,364,8442,568,8312,214,334
2.(Loss)/Profit Before Tax(3,513,064)432,777479,194334,667
3.Income Tax Credit/ (Expense)91,704(68,461)--
4.(Loss)/Profit for the Year(3,421,360)364,3164,431,507(400,870)
5.Total Comprehensive (Loss)/Income(3,297,077)491,5574,431,507(400,870)
6.(Loss)/Earnings Per Share(10.85)1.37
7.DPS0.30
8.P/E ratio2.50