Wazua
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Mumias bfr Septemper
Rank: Member Joined: 8/5/2009 Posts: 597
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..Saw a restriction on the number of sugar packets one can buy from uchumi could there be a sugar shortage looming as well. The problem with the world is that the intelligent people are full of doubts while the stupid ones are full of confidence
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Hmmmmmm!!....Likely.I think it's shut down time for Nzoia,Mumias,Sony and Chemelil.....Will confirm for MSC but possibly they have a week to go before a 4 week shut down. Nothing great was ever achieved without enthusiasm.
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Rank: Chief Joined: 1/3/2007 Posts: 18,224 Location: Nairobi
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Good for Mumias who can then sell all they have in stock! In 2009/10 they complained of unsold stocks, well not they should send it all to Uchumi or Nakumatt!!! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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I'm telling you folks to buy MSC now you think I smoke bang mixed with chilli...just wait you will chase this stock.
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Rank: Elder Joined: 8/16/2011 Posts: 2,357
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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u are so wrong. Just look at the price.if people were so optimistic like you the stock wld be rockin now. This is one stock i am very bearish about. I wount be suprised if it starts trading at 3 bob. Lets see how 6 bob will hold after the results. Ati an interim div. Are u nuts ? Since when ?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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MSC used to pay interims btw.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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youcan'tstopusnow wrote:guru and QW, sitting under a tree, K.I.S.S.I.N.G You of course remember when they last smooched or tried - they couldn't decide whether a rights was nearly fully subscribed, fully subscribed, almost fully subscribed, under subscribed, nearly under subscribed, etc etc   BTW I'm holding 34K of this thing at Ave 13.50
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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Gordon Gekko wrote:youcan'tstopusnow wrote:guru and QW, sitting under a tree, K.I.S.S.I.N.G You of course remember when they last smooched or tried - they couldn't decide whether a rights was nearly fully subscribed, fully subscribed, almost fully subscribed, under subscribed, nearly under subscribed, etc etc BTW I'm holding 34K of this thing at Ave 13.50 Holding 34,300 - average 7.30 and tempted to continue buying. NOT so sure about: 1. The land issue with busia farmers2. The effect of the increase in cane prices on MSC's bottom line (short term) 3. The govt's seriousness in making the sector competitive enough to lift the protection the industry enjoys and allow in COMESA sugar. Happy about the attempts at diversification.
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Rank: Veteran Joined: 3/25/2011 Posts: 946
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Gordon Gekko wrote:youcan'tstopusnow wrote:guru and QW, sitting under a tree, K.I.S.S.I.N.G You of course remember when they last smooched or tried - they couldn't decide whether a rights was nearly fully subscribed, fully subscribed, almost fully subscribed, under subscribed, nearly under subscribed, etc etc BTW I'm holding 34K of this thing at Ave 13.50 @gg . 13.50 isnt gud enough. I suggest u wait and see how it will take the results then average down futhure. Thats what i intend to do. And as for the kplc rights they were never FULLY over subscribed. Never ever. Lol.
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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@Looks like you took the advice,BUY!BUY!BUY!......Trust me we are going downwards.I am waiting at 3 in mid Jan Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 5/27/2008 Posts: 3,760
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Njung'e wrote:@Looks like you took the advice,BUY!BUY!BUY!......Trust me we are going downwards.I am waiting at 3 in mid Jan Coming from a sugar mogul, this is not good at all 
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Gordon Gekko wrote:Njung'e wrote:@Looks like you took the advice,BUY!BUY!BUY!......Trust me we are going downwards.I am waiting at 3 in mid Jan Coming from a sugar mogul, this is not good at all Wololo! GOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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i'm beginning to doubt the CEO of this company, he said results will be out by end July or Early August..the results are no way to be seen...you can't serve two masters at the same time...he should quit and focus on politics.
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Rank: New-farer Joined: 1/31/2010 Posts: 23 Location: Nairobi
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This Stock is a BIG RISK people, once the comesa sugar gets in next year this stock will be junck. However if they were to get serious in their power generation and maybe, be a 1/4 of what Kengen is maybe I would think about it. Also in 2009 when Sugar was booming this stock was trading at Kshs 4 at Kshs 6 is like buying a Toyo Vitz at Kshs 2Mill.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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edwing wrote:This Stock is a BIG RISK people, once the comesa sugar gets in next year this stock will be junck. However if they were to get serious in their power generation and maybe, be a 1/4 of what Kengen is maybe I would think about it. Also in 2009 when Sugar was booming this stock was trading at Kshs 4 at Kshs 6 is like buying a Toyo Vitz at Kshs 2Mill. The COMESA will be extended Boss..GOK can't risk the livelihood's of people of Western Kenya..you know its election time...my worry is lack of cane and the CEO who is a politician...its not junk yet lets wait for Full year results..
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Rank: Veteran Joined: 12/23/2010 Posts: 1,229
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Njung'e wrote:@Looks like you took the advice,BUY!BUY!BUY!......Trust me we are going downwards.I am waiting at 3 in mid Jan Please remind me to buy more when you're buying at 3. (will sugar prices have come down then?)
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Rank: New-farer Joined: 1/8/2011 Posts: 48 Location: muranga
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For Sport wrote:Njung'e wrote:@Looks like you took the advice,BUY!BUY!BUY!......Trust me we are going downwards.I am waiting at 3 in mid Jan Please remind me to buy more when you're buying at 3. (will sugar prices have come down then?) Never doubts njung'e on this one, seems to be always sports-on.....for me just marked my phone calendar as a remainder...mid Jan am watching...
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Rank: Elder Joined: 8/16/2011 Posts: 2,357
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QW25071985 wrote:u are so wrong. Just look at the price.if people were so optimistic like you the stock wld be rockin now. This is one stock i am very bearish about. I wount be suprised if it starts trading at 3 bob. Lets see how 6 bob will hold after the results. Ati an interim div. Are u nuts ? Since when ?  we shall see!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:Gordon Gekko wrote:Njung'e wrote:@Looks like you took the advice,BUY!BUY!BUY!......Trust me we are going downwards.I am waiting at 3 in mid Jan Coming from a sugar mogul, this is not good at all Wololo! @Youcant - remember 3.60 was the March 2009 lows...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mumias bfr Septemper
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