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Mumias Sugar huge demand
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kazee
#161 Posted : Wednesday, February 27, 2013 6:08:29 PM
Rank: Member

Joined: 9/18/2006
Posts: 131
hisah wrote:
MSC issues profit warning - https://www.nse.co.ke/li...od-ending-december-2012

Quote:
It is expected that the anticipated earnings for the financial year ending 30 June 2013 will be lower than the previous year's by more than 25%


There we go. Tank below 4/-



sugar guru vs guru... ding ding... final round.




What kind of news is this just when i had placed my order to buy some tomorrow after noting how demand has been double the supply this week?? i still doubt it will tank to 4 with the whole market looking positive. I could be wrong
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guru267
#162 Posted : Wednesday, February 27, 2013 6:20:25 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
kazee wrote:
hisah wrote:
MSC issues profit warning - https://www.nse.co.ke/li...od-ending-december-2012

Quote:
It is expected that the anticipated earnings for the financial year ending 30 June 2013 will be lower than the previous year's by more than 25%


There we go. Tank below 4/-



sugar guru vs guru... ding ding... final round.




What kind of news is this just when i had placed my order to buy some tomorrow after noting how demand has been double the supply this week?? i still doubt it will tank to 4 with the whole market looking positive. I could be wrong


I think we will see this thing at 2.50 bob!
Mark 12:29
Deuteronomy 4:16
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hisah
#163 Posted : Wednesday, February 27, 2013 6:24:52 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@kazee - have you had a look at the H1 results (link in my post). H1 2012 is a huge loss. Look at revenue, gross profit etc. No recovery from that expected in H2 2013. And that will most likely lead to no dividend declared. 4/- and below no question about that based on fundamentals only. If I put in technicals the chart is hinting at a sustained move downwards below 4. No support near term. You will see demand vanishing when the results are digested from tomorrow.

Cancel your order or sit tight and wait for the recovery.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#164 Posted : Wednesday, February 27, 2013 6:27:12 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
guru267 wrote:
kazee wrote:
hisah wrote:
MSC issues profit warning - https://www.nse.co.ke/li...od-ending-december-2012

Quote:
It is expected that the anticipated earnings for the financial year ending 30 June 2013 will be lower than the previous year's by more than 25%


There we go. Tank below 4/-



sugar guru vs guru... ding ding... final round.




What kind of news is this just when i had placed my order to buy some tomorrow after noting how demand has been double the supply this week?? i still doubt it will tank to 4 with the whole market looking positive. I could be wrong


I think we will see this thing at 2.50 bob!

@guru - are you throwing in the towel even before the final round starts?

@youcant - what say you as the ref.

Na sugar guru (@njunge) uko wapi. Ama uko kwa campaign trail...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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the deal
#165 Posted : Wednesday, February 27, 2013 6:43:06 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
hisah wrote:
MSC issues profit warning - https://www.nse.co.ke/li...od-ending-december-2012

Quote:
It is expected that the anticipated earnings for the financial year ending 30 June 2013 will be lower than the previous year's by more than 25%


There we go. Tank below 4/-



sugar guru vs guru267... ding ding... final round.

LOL @Njung'e is the real sugar guru.
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mawinder
#166 Posted : Wednesday, February 27, 2013 6:53:47 PM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
mawinder wrote:
mibbz wrote:
Mumias has a lot of challenges to overcome esp in this financial year and the CEO himself said that during an interview i once saw.He hinted that this years results might be not so good but after that the company shall fly....by the way when is the COMESA waiver ending? i think that shall be the beggining of real sugar wars

That is one stock to keep away from.

Headed to Pakapower.
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S.Mutaga III
#167 Posted : Wednesday, February 27, 2013 8:13:53 PM
Rank: Member

Joined: 3/26/2012
Posts: 830
Every gambler knows the secret to survival is knowing what to throw away and knowing what to keep...same law applies to investing....am selling this non-performer tomorrow morning to the first buyer!
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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youcan'tstopusnow
#168 Posted : Wednesday, February 27, 2013 8:30:00 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah, no commentsmile Kidero got out in good time though, eh?
GOD BLESS YOUR LIFE
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murchr
#169 Posted : Wednesday, February 27, 2013 8:36:05 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
S.Mutaga III wrote:
Every gambler knows the secret to survival is knowing what to throw away and knowing what to keep...same law applies to investing....am selling this non-performer tomorrow morning to the first buyer!


You've had it all this time? The sugar guru @Njunge warned you sometime back
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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murchr
#170 Posted : Wednesday, February 27, 2013 8:37:38 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
S.Mutaga III wrote:
Njung'e wrote:
@Mutaga,

Waiting for you down here.It's hard ground and there is nothing to break your fallPray ....I will do with what remains of yousmile

thats why am not adding onto a sinking ship...



Nov 30th
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
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299 Pages«<1516171819>»
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