[quote=PRAPCAT]Guys, what a discussion this has been. Thanks all. I have learnt alot. I'm heavily invested in Mumias and was hoping @qw would come out on top.

Maybe I can become qw's new wife if he hasn't made up with guru yet!! Consolation prize ama?

I came across this on bloomberg. Does'nt state anything new but I thought it interesting that they estimate the share price as follows...

Mumias Sugar Co., Kenya’s largest producer of the sweetener, was rated “buy” in new coverage at Sterling Investment Bank, which cited plans by the company to diversify its revenue base.

Mumias’s share-price estimate was set at 18.6 shillings ($0.23) per share

http://www.bloomberg.com...ew-revenue-streams.html[/quote]

Be careful with brokerage house advice especially when made public to all Market psychology tends not to follow the mass thinking
I'm interested on how MSC handles the 13.50 - 14 for the next two weeks. Staying above this range means the price can push up. Anything else makes below 13/- or lower a probability with increased selling.
@qw - I'm also scouting KCB. 18/- has withheld selling for a while. 24/- still remains solid resistance for the year. If broken, the breakout will be interesting
KQ is also behaving the same with 45/- refusing to break for months. 65 is year high. Break above, 75-80 is possible as per chart projections.

What a dramatic thread, however this thread has been too abrasive.I would urge wazuans to refrain from this. We are all investors, some healthy competition is not bad, it should stay as just that.

@prapcat...the article was dated 3rd august 2010 before the company released its financial results. Part of the optimism was dampened by the results.

@Prapcat...no sweat.

@all...Just thinking about all the noise around comesa 2012. I doubt that the govt will allow the rules to come into full force before first turning around the govt owned companies. Or else the rules will kill the companies.

Sure the govt wants to privatize the govt sugar factory...but can it float them in their current state? Nope. Lots of investments (new factory machinery) will be required and injection of funds to clean up their books.

Me thinks that comesa rule will be deferred till the time the current govt owned sugar factories are sorted out. By that time Mumias sugar diversification projects would have fully come on board.

I think comesa will surely not entertain.

I will buy Mumias shares if I am sure they can withstand the competition, else I look for other companies on the NSE that are competing with the rest of Africa..