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Mumias 2011 results
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QW25081985
#61 Posted : Thursday, September 01, 2011 5:12:01 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
So sad really sad some wazuas DONOT learn . They just donot learn.We are in a slide and some of us are bullish how !!!!!!!!! that break of 3500 on the index was very bearish.I am only holdin kplc and a.k otherwise i am as liquid as ever . see you guys at 3k mark
I know wait for mumias at 3 bob...equity making my day 14.00 here we come , lol
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the deal
#62 Posted : Thursday, September 01, 2011 6:06:15 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
youcan'tstopusnow wrote:
Meanwhile, Mumias down 5.47% today to 6.05, with a low of 5.95

deal, your target of 8-9 bob seems way offSad

Seems me and Cde are eating some "dust"smile


the deal wrote:

Cheer leadersLaughing out loudly Laughing out loudly Laughing out loudly last Friday when i said i was bullish on Sukari...they called me all kinds of names...well I'm always here...i love it when you eat the dust...


Bro the index lost 62 points...how do u expect mumias to gain?smile At 3 bob..dividend yield will be 17% thats enough for me to beat the in 2011smile
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Cde Monomotapa
#63 Posted : Thursday, September 01, 2011 6:06:22 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Meanwhile, Mumias down 5.47% today to 6.05, with a low of 5.95

deal, your target of 8-9 bob seems way offSad

Seems me and Cde are eating some "dust"smile


the deal wrote:

Cheer leadersLaughing out loudly Laughing out loudly Laughing out loudly last Friday when i said i was bullish on Sukari...they called me all kinds of names...well I'm always here...i love it when you eat the dust...


Oh?!
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QW25081985
#64 Posted : Thursday, September 01, 2011 6:12:15 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
as @ hisah will tell you mumias has done a very nice bull trap . and as it continues to go down guys will start covering their losses and thus accelerate the fall.
For the sake of your portfolio remain bearish on the market until otherwise, lol .DONOT be enticed by any so called rally.Coz that rally will just trap you ..
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Cde Monomotapa
#65 Posted : Friday, September 02, 2011 8:53:50 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Btw missed MSC on the shelves again!! Now i'm using honey for tea, nkt!! Very concerned about this Co. H1. Hata patco will be 5 bob a piece soon Laughing out loudly Laughing out loudly
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Njung'e
#66 Posted : Friday, September 02, 2011 9:46:14 AM
Rank: Elder


Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
For Sport wrote:

"Sugarcane farmers are now demanding sugar companies review cane prices


For Sport,
Farmers got their wish...Cane prices up from 3400 to 4185.....Massive increment.That should make cane farming very lucrative.I must think that it's MSC's way of crushing the smaller sugar firms.At that price,they will never break even and they may have to close shop....or is it a bid for hostile take overs?...Some serious buy outs?....mmmmmh!

@ the deal,
Stop painingLaughing out loudly ...it's at 5.80 with no hope of bouncing back.January here we comesmile Pray
Nothing great was ever achieved without enthusiasm.
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VituVingiSana
#67 Posted : Friday, September 02, 2011 6:15:58 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
I am staying away from Mumias until I know more about the COMESA safeguards!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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youcan'tstopusnow
#68 Posted : Tuesday, September 06, 2011 8:20:22 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Mauritian firm to build
Sh16.5 bn sugar factory at Coast http://businessdailyafri...4/-/u2rsobz/-/index.html
GOD BLESS YOUR LIFE
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Cde Monomotapa
#69 Posted : Tuesday, September 06, 2011 8:56:19 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Huku MSC are toying around with Tana River Sad
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kenyainvestor
#70 Posted : Friday, September 09, 2011 3:02:11 PM
Rank: Member


Joined: 7/12/2011
Posts: 194
The sale of land at Nasewa in Busia County by Mumias Sugar Company is illegal, the Ministry of Agriculture has said.

The ministry said the 841-acre piece of land in Nambale is Government property.

The State is now working with the Kenya Sugar Board (KSB) to find an investor to build a sugar factory on the disputed land.
“We do not understand how the land was sold as the ministry was kept in the dark,” said the Western Provincial Director of Agriculture, John Cheruiyot.

http://tinyurl.com/3jy8cfh
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mlennyma
#71 Posted : Wednesday, October 12, 2011 9:57:17 PM
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Joined: 7/21/2010
Posts: 6,192
Location: nairobi
Comesa safeguards extended for 2 more years.buy buy buy.
"Don't let the fear of losing be greater than the excitement of winning."
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guru267
#72 Posted : Thursday, October 13, 2011 7:20:23 AM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
mlennyma wrote:
Comesa safeguards extended for 2 more years.buy buy buy.


SWEET!!!!!
Mark 12:29
Deuteronomy 4:16
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hisah
#73 Posted : Thursday, October 13, 2011 7:49:00 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
mlennyma wrote:
Comesa safeguards extended for 2 more years.buy buy buy.

How many times have these comesa safeguards been extended? How has the share price performed?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Gordon Gekko
#74 Posted : Thursday, October 13, 2011 8:06:58 AM
Rank: Elder


Joined: 5/27/2008
Posts: 3,760
I'm stuck in this counter at average ksh 14.15. Never exercised my stop loss percentage of 17% assuming things would get better. I pray the extension will enable me break even.
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mlennyma
#75 Posted : Thursday, October 13, 2011 8:10:34 AM
Rank: Elder


Joined: 7/21/2010
Posts: 6,192
Location: nairobi
Some small firms like sony have doubled profitability during this period of high sugar prices.mumias will shock the world.
"Don't let the fear of losing be greater than the excitement of winning."
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sparkly
#76 Posted : Thursday, October 13, 2011 8:20:40 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
hisah wrote:
mlennyma wrote:
Comesa safeguards extended for 2 more years.buy buy buy.

How many times have these comesa safeguards been extended? How has the share price performed?

I had a discussion with a director of one of the private sugar companies. His take is that the removal of the comesa sugar safeguards will be inconsequential. Kenya is a sugar deficit country and even the surplus comesa sugar will not be enough. Meanwhile the main sugar producing countries like brazil are diverting sugar to ethanol.
Life is short. Live passionately.
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Cde Monomotapa
#77 Posted : Thursday, October 13, 2011 9:01:23 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Shweet! I think they'll be a mass sale of these sugar companies, consolidated bank and further Kengen in our next budget. County govt.fund raiser.
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youcan'tstopusnow
#78 Posted : Monday, January 02, 2012 10:32:37 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Sugar millers face lower earnings as cane shortage worsens

http://www.businessdaily.../-/vsvolvz/-/index.html

Sugar will be bittersmile
GOD BLESS YOUR LIFE
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VituVingiSana
#79 Posted : Tuesday, January 03, 2012 6:38:43 PM
Rank: Chief


Joined: 1/3/2007
Posts: 18,261
Location: Nairobi
"Meanwhile, raw sugar futures ended 2011 as one of the weakest performing commodities of the year on the Thomson Reuters-Jefferies CRB index, tumbling 27.5 percent on investor liquidation and increased supplies.

ICE benchmark raw sugar futures closed the day lower on investor selling and book-squaring on the last trading day of 2011, pressured by big crops in the EU, Russia, Ukraine, India and Thailand."

Yikes... so without 'safeguards' Mumias is in big doo doo...
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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innovator
#80 Posted : Tuesday, January 03, 2012 6:46:24 PM
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Joined: 7/24/2010
Posts: 238
Location: nairobi
Did they pay divideds?
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