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Sasini Tea & Coffee
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RichVee
#1 Posted : Wednesday, June 30, 2010 11:16:19 AM
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Joined: 1/26/2010
Posts: 124
Wazurians,

Currently at 14.01, and with end of fin year in Sept, should we expect Sasini to rise higher anytime soon?

What has been your experience with it? Your advise will be highly appreciated.

asante
Tired of mediocrity. Am going to the very top!
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VituVingiSana
#2 Posted : Wednesday, June 30, 2010 11:47:41 AM
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Joined: 1/3/2007
Posts: 18,215
Location: Nairobi
All depends if merali is offloading or not!

I like the industry but not the 'controlling shareholder' but it has been great for speculators.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#3 Posted : Tuesday, October 05, 2010 8:28:59 AM
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Joined: 3/24/2010
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Location: Black Africa
Despite coffee prices rising and rising, this stock does not seem to be responding. In fact, its lost around 8 percent since this post was started. Does anyone here think Sasini is a worthy buy at current prices?
GOD BLESS YOUR LIFE
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Bangkok
#4 Posted : Tuesday, October 05, 2010 9:08:31 AM
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Joined: 4/6/2007
Posts: 31
Likewise I have also been wandering whether there is some reason as to why the prices are stagnant. If not then this might be a share worthy buying at the prevailing price.
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guru267
#5 Posted : Tuesday, October 05, 2010 9:29:23 AM
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Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
youcan'tstopusnow wrote:
Despite coffee prices rising and rising, this stock does not seem to be responding. In fact, its lost around 8 percent since this post was started. Does anyone here think Sasini is a worthy buy at current prices?

@youcan't Sasini is cheap at these levels and you could definitely buy it....

Though i would much rather put my money in kakuzi or kapchorua tea because they are at exactly the same valuations with less uncertainty...
Mark 12:29
Deuteronomy 4:16
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cnn
#6 Posted : Tuesday, October 05, 2010 11:42:35 AM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,621
guru267 wrote:
youcan'tstopusnow wrote:
Despite coffee prices rising and rising, this stock does not seem to be responding. In fact, its lost around 8 percent since this post was started. Does anyone here think Sasini is a worthy buy at current prices?

@youcan't Sasini is cheap at these levels and you could definitely buy it....

Though i would much rather put my money in kakuzi or kapchorua tea because they are at exactly the same valuations with less uncertainty...

I agree with@ guru 267.Kapchorua and WTK will report half year in November.Rainfall amount and distribution on their growing areas has been good hence high production.Prices not as high as last year but still good.The exchange rate better than previous year.The results will beat the good ones last half year.And they promised an interim dividend for the first time if the half turns out well.
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youcan'tstopusnow
#7 Posted : Thursday, October 21, 2010 9:19:35 AM
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It'll be interesting to see if it closes above 14 today. It has been slowly edging up the last few trading days
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KulaRaha
#8 Posted : Thursday, October 21, 2010 9:31:29 AM
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Joined: 7/26/2007
Posts: 6,514
I think we can expect a big move in this one for two fundamental reasons: one, tea prices are so high and two, the shilling is so low. This will affect their P+L positively for sure.
Business opportunities are like buses,there's always another one coming
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Elephant Man
#9 Posted : Thursday, October 21, 2010 9:53:37 AM
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Joined: 12/24/2008
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@ Kularaha - Coffee prices have also risen and with the weakening of the Kshs. my guess is that turnover will hit or exceed Ksh. 3bn. (half year 2010 was Ksh. 1.3bn, full year 2009 was Kshs. 2.1bn)- as I've stated in another post.

Announcement of FY 2010 results expected around Jamhuri Day going by last year's trend - but as with all Merali companies you could be either pleasantly surprised or in for a nasty shock!
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2012
#10 Posted : Thursday, October 21, 2010 10:35:15 AM
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Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
The most disappointing thing is the dividends they are giving out. Nation newspapers highlighted that on Tuesday's business section and all I can say is shame on you Williamson Tea!

BBI will solve it :)
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guru267
#11 Posted : Thursday, October 21, 2010 10:42:12 AM
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2012 wrote:
The most disappointing thing is the dividends they are giving out. Nation newspapers highlighted that on Tuesday's business section and all I can say is shame on you Williamson Tea!


believe me it won't be the case this year.
Mark 12:29
Deuteronomy 4:16
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youcan'tstopusnow
#12 Posted : Monday, October 25, 2010 12:38:49 AM
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Tea earnings projected to top Sh75bn mark www.businessdailyafrica....84/-/7sn6pa/-/index.html
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VituVingiSana
#13 Posted : Monday, October 25, 2010 12:13:09 PM
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Joined: 1/3/2007
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Location: Nairobi
How long can the Tea workers remain on strike? And someone tell atwoli he should stop using lorries but hire porters... Creates more jobs!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#14 Posted : Saturday, November 20, 2010 6:30:46 AM
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www.standardmedia.co.ke/m/?id=2000022756 Kenya coffee output drop but earnings soar. Interesting to note that coffee goes for 757 dollars per 50kg while beans fetch half a dollar for a kilogram
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Gordon Gekko
#15 Posted : Saturday, November 20, 2010 8:35:38 AM
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Joined: 5/27/2008
Posts: 3,760
youcan'tstopusnow wrote:
www.standardmedia.co.ke/m/?id=2000022756 Kenya coffee output drop but earnings soar. Interesting to note that coffee goes for 757 dollars per 50kg while beans fetch half a dollar for a kilogram

Are you comparing like for like? Are the beans coffee beans or are they mbembe?smile
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VituVingiSana
#16 Posted : Saturday, November 20, 2010 5:18:57 PM
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youcan'tstopusnow wrote:
www.standardmedia.co.ke/m/?id=2000022756 Kenya coffee output drop but earnings soar. Interesting to note that coffee goes for 757 dollars per 50kg while beans fetch half a dollar for a kilogram
Not true...

1) Beans come from berries. The flesh has to be removed. It's like comparing price for MADE Tea vs the LEAF...

2) Also the $757/50kg is for the topmost grade of coffee [There are multiple grades but AA is considered the best]. I am sure the farmer who sold these 'AA' berries got way more $0.50/kg. Don't compare a Mercedes to a Nyayo Car...

3) The berries need to be processed into beans then stored. The berries are transported to the factories where the [expensive] machinery is used to process the beans. For the expensive/quality beans the process is longer.

4) Beyond the auction, there are transport costs, insurance, roasting, etc

What farmers need are many options to sell their produce... Comparing coffee prices at auction vs farmgate prices is silly at best... The total 'value' of materials in your laptop is less than $100 but the 'expertise' in putting it together costs way more! Thus you pay $2,000 for top of the line laptop...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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jerry
#17 Posted : Sunday, November 21, 2010 7:35:10 AM
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Joined: 9/29/2006
Posts: 2,570
@vvs, Good analysis or is it analyses? For tea the conversion factor is roughly 1kg made tea for every 4kgs green leaf. Green leaf could give less than $1 to the supplier while we see made tea fetching $3 in MSA weekly Auction. @Wazuans(1) What is the conversion factor (cherry to beans as in 50kg bags)? (2) How many kgs can a coffe tree produce per year? (3) At current market forces, which is more profitable; coffee or tea? I'll appreciate ur input.
The opposite of courage is not cowardice, it's conformity.
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the deal
#18 Posted : Sunday, November 21, 2010 10:58:00 AM
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Joined: 9/25/2009
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Location: Windhoek/Nairobbery
I'M GONNA SPECULATE HERE.
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alikujia
#19 Posted : Sunday, November 21, 2010 4:25:03 PM
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Joined: 5/27/2010
Posts: 324
Location: nrb
Ist it still tea nad coffee or is it noow "Sasini agriculturals"?
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youcan'tstopusnow
#20 Posted : Friday, November 26, 2010 12:08:01 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Kwani Merali has leaked the results to his buddies? And they aren't any good? Cause this share has been hard hit the past week
GOD BLESS YOUR LIFE
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