Sugar shortage may last until 2012 - Economy - Wazua

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Sugar shortage may last until 2012

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young		#1 Posted : Thursday, July 28, 2011 3:59:26 PM
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria		Does this shortage in Uganda affect Kenya ? Will it translate to price appreciation of NSE lack lustre performing Mumias ? http://www.newvision.co.ug/D/8/220/761227 The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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VituVingiSana		#2 Posted : Thursday, July 28, 2011 4:39:25 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi		Not much. 1) Drought means less cane (& quality) to mill 2) Kenya has not faced significant sugar imports for a while so Mumias will not sell more. They already sell all they produce 3) Lower income from the Power Generator Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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young		#3 Posted : Thursday, July 28, 2011 4:42:20 PM
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria		VituVingiSana wrote: Not much. 1) Drought means less cane (& quality) to mill 2) Kenya has not faced significant sugar imports for a while so Mumias will not sell more. They already sell all they produce 3) Lower income from the Power Generator I see. I am not a mumias fan though neither do I plan to buy into it in future. I thought it will be of interest to speculators for further assessment of Mumias for speculative reasons. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Gordon Gekko		#4 Posted : Thursday, July 28, 2011 4:53:25 PM
Rank: Elder Joined: 5/27/2008 Posts: 3,760		Sugar, Petrol, maize. A year to election. Scandal or genuine shortage?
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FUNKY		#5 Posted : Thursday, July 28, 2011 4:55:39 PM
Rank: Veteran Joined: 4/30/2010 Posts: 1,635		I am waiting to buy Mumias at 5/- again. I bought it a few years ago at the same price and managed to sell it at 11.7/-. I cant wait to buy it at that price again.
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young		#6 Posted : Thursday, July 28, 2011 5:19:25 PM
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria		FUNKY wrote: I am waiting to buy Mumias at 5/- again. I bought it a few years ago at the same price and managed to sell it at 11.7/-. I cant wait to buy it at that price again. Please watch out dear @Funky at times recursive trading on the same stock sometimes make you lose all the gains you made earlier. I was a victim of that many years back when I was a speculator. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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VituVingiSana		#7 Posted : Thursday, July 28, 2011 7:17:29 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,120 Location: Nairobi		@young - Speculation? Like you, I do not speculate. Burnt badly. Prefer to make my money the old fashioned way. Hard work by researching the best I can! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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young		#8 Posted : Thursday, July 28, 2011 7:27:53 PM
Rank: Elder Joined: 6/20/2007 Posts: 2,037 Location: Lagos, Nigeria		VituVingiSana wrote: @young - Speculation? Like you, I do not speculate. Burnt badly. Prefer to make my money the old fashioned way. Hard work by researching the best I can! VVS at 49+ I am too old to follow pursue market up and down down and up bearing in mind that I invest in 5 African markets and 5 overseas market unless I want to die young not old. Speculation is for the young lads. The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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Cde Monomotapa		#9 Posted : Thursday, July 28, 2011 11:27:03 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		VituVingiSana wrote: Prefer to make my money the old fashioned way. Hard work by researching the best I can! Indeed.
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