Someone has just acquired over 8% of Limuru Tea for 30m

Why not for the tea? Is it not profitable?

http://www.businessdaily.../-/8d0yl4z/-/index.html

this should be very good for Kakuzi, Williamson, and Kapchorua and sasini...

I cant wait for Kakuzi FY results

@ GG, be patient, they'll announce by Jamhuri Day going by last year's trend. My guess is that revenue will hit or exceed Ksh. 3b (from Ksh 2.18b in 2009)and operating profit likely to increase though cashflow will be affected by the first tranche retirement in June 2010 of the CP debt. Though this is a 'Merali' outfit, I like the fact that JB McFie is the chairman - good, clean pair of hands!

@ Guru, you need to wait a little longer for Kakuzi results - around March next year. BTW avocados are their saving grace! They've also started a macadamia nut plantation and are of course carrying out a pineapple JV with Del Monte.

Rea Vipingo posted a small loss for the first half ending March 2010 (and issued a profit warning), may struggle to match last year's performance. Have diversified into horticulture (baby corn)at their Dwa estate. Also have some good tracts of land in Kilifi where prices have shot through the roof!

My two meticals...

@newfarer with the weaker shilling and high tea prices coupled with rising supply this stock is greater for much greater things than you are seeing now....

JUST WAIT AND SEE!!!!

pliz note the bulk of "125%" happened within a span of 5 weeks between 4th Feb and March 10th..actually 100%..from 34 to 78

also note it was within that period that full year results of Kakuzi were anticipated to be released for year ending Dec 2009.. subsequently the results confirmed the stock had been previously very much under valued.. since that time the stock has oscillated between 78-90 range.. and is likely to remain at this range until same time cycle next year..i.e. Feb-March 2011..

same arguments goes for most stocks.. 6 week window around corporate announcements the prices either rocket or slump... case in point..Stanchart, DTK, NIC, Coop blah blah blah..

@the deal,i do remember you on another thread,....some shareholders and bloodied noses.Who is laughing now?.Let us talk Williamson 45 days from now.

@the deal I'm also stocking up on KK if it falls back below 10bob and i advise everyone to do the same....

do you know what will happen if the FED in the US announces a $800billion-$1 trillion stimulus package????

The dollar collapses, oil spikes and KK laughs all the way to the bank....

Though this scenario would be terrible for Kakuzi....