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Mumias results
omega
#21 Posted : Thursday, August 26, 2010 9:03:55 PM
Rank: Member

Joined: 6/9/2009
Posts: 85
If this is the kind of results they could manage with the sugar selling prices at an all time high, and with COMESA safeguard measures expiring in 2012, then the future doesn't look good, does it?
Gatheuzi
#22 Posted : Thursday, August 26, 2010 9:09:18 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
I will say that since both revenues & PBT are up, then the results are not necessarily bad. Tax effect while important shouldn't be considered in isolation.

I would have wanted them to finish the Tarda project by 2012. Let's see how the market will price the stock on Monday.
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
cnn
#23 Posted : Thursday, August 26, 2010 9:12:20 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@you'stop,the market will decide that,but looking at those results and with the challanges ahead from production and competition its a sell at current prices.
qw25041985
#24 Posted : Thursday, August 26, 2010 9:22:49 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
There'll be no sell-off on monday. This is the kk of the industrial sector. Its very strong .
Your future depends on your dreams so go to sleep !
Horton
#25 Posted : Thursday, August 26, 2010 9:25:01 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
qw25041985 wrote:
There'll be no sell-off on monday. This is the kk of the industrial sector. Its very strong .


Qw. Pole man, fantasy market monday, ur going down son...lol
cnn
#26 Posted : Thursday, August 26, 2010 9:29:50 PM
Rank: Veteran

Joined: 6/17/2009
Posts: 1,627
@qw, KK is IN the industrial sector.Maybe try asking how many in wazua would buy at current prices after those results,you might get a hint of where it goes from here.
qw25041985
#27 Posted : Thursday, August 26, 2010 9:33:10 PM
Rank: User

Joined: 5/9/2010
Posts: 1,418
Location: Nai
@horton.Lol. U think i care abt fantasy market. I hav the real deal in the real market . And there'll b no sell-off . Let ment bore u w/ my reasons but there's no sell-off .
Your future depends on your dreams so go to sleep !
youcan'tstopusnow
#28 Posted : Thursday, August 26, 2010 9:58:34 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Ai qw. Hata kama ni shorthand. Sometimes we can't follow. I doubt writing full words will 'waste' that much time. Hauongei na dame yako facebooksmile On mumias, price will fall. It will be a miracle if it doesn't. But whether people will get to pick some up below ten, that is another question
GOD BLESS YOUR LIFE
Horton
#29 Posted : Thursday, August 26, 2010 10:29:50 PM
Rank: Veteran

Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
youcan'tstopusnow wrote:
Ai qw. Hata kama ni shorthand. Sometimes we can't follow. I doubt writing full words will 'waste' that much time. Hauongei na dame yako facebooksmile On mumias, price will fall. It will be a miracle if it doesn't. But whether people will get to pick some up below ten, that is another question



@ycsun hahaha Applause
VituVingiSana
#30 Posted : Thursday, August 26, 2010 10:30:03 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
@the deal - Nonsense... Mumias gets paid much better than KenGen for electricity...

Higher input costs for supply of electricity will filter down to the consumers...

The main business is SUGAR... & until Kenya reforms the Sugar Act... there is little long-term hope!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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