Listed battery distributor Eveready East Africa #ticker:EVRD is the most expensive stock on the Nairobi Securities Exchange (NSE) #ticker:NSE relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares […]
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Eveready East Africa most expensive stock on the Nairobi Securities Exchange
Listed battery distributor Eveready East Africa is the most expensive stock on the Nairobi Securities Exchange (NSE) relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares traded at […]
Eveready East Africa most expensive stock on the Nairobi Securities Exchange
Listed battery distributor Eveready East Africa is the most expensive stock on the Nairobi Securities Exchange (NSE) relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares traded at […]
Eveready East Africa most expensive stock on NSE
Listed battery distributor Eveready East Africa #ticker:EVRD is the most expensive stock on the Nairobi Securities Exchange (NSE) #ticker:NSE relative to its net assets, with its overvaluation driven by years of losses. Its equity or shareholders’ funds dropped 84.6 percent to Sh6.3 million in the year ended September 2021. Meanwhile, its 210 million issued shares […]
Ailing Uchumi Carries The Day As Top Gainer At The NSE
Top Gainer The top gainer of the day at the Nairobi Securities Exchange was Uchumi Supermarket with 10.10 percent at the price of 0.22 shillings per share followed by Sasini with 7.43 percent at the price of 21.70 shillings per share. Umeme and Kakuzi gained 6.21 and 5.73 percent at the price of 6.50 and […]
Home Afrika Tops the NSE On Monday As Uchumi Leads The Losing Pack
KEY POINTS Uchumi Supermarket was the top loser after shedding off 9.09 percent at the price of 0.20 shillings per share followed by Sasini and Trans-Century with a loss of 5.61 and 4.31 percent at the price of 20.20 and 1.11 shillings per share. Top Gainers The top gainer of the day at the Nairobi […]
Rethinking Loyalty programs – A Case of Failed Kenyan Retailers
Every business needs loyal customers, keeping customers is hard but acquiring new customers is more expensive. Kenyans are a fickle lot and as a marketer, you need to keep thinking about how to win their loyalty. This, however, is not insurmountable when you understand Kenyans’ love for freebies. So once in a while brands will […]
Reduce the dominance of Big Four audit firms
The stranglehold that the big audit firms such as Ernst & Young (E&Y) have on the market should be reduced to protect individuals and businesses from unforeseen losses. Deloitte, EY, KPMG and PwC dominate audit jobs among listed firms and other large organisations. But in recent years, cases of companies collapsing even after being given […]
Zanzibar’s small traders due to get 82bn/- in blue economy soft loans
Zanzibar President Dr Hussein Ali Mwinyi said here yesterday that, in this connection, CRDB Bank Plc has been assigned to provide financial literacy and issue zero-interest loans. Unveiling the ‘Inuka na Uchumi wa Buluu’ (literally, Grow with the Blue Economy) programme the Isles government is implementing jointly with CRDB Bank, President Mwinyi said the government […]
CMA to probe audit firm Ernst & Young on Uchumi forged books
Uchumi Supermarkets branch in Nairobi. FILE PHOTO | NMG The Capital Markets Authority (CMA) has been allowed to investigate audit firm Ernst & Young (E&Y) over claims that it helped cook Uchumi Supermarkets’ books, covering up transactions that left the retailer on its death bed. The Court of Appeal ruled that the regulator was free […]