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Mumias Sugar HY2012/13 Results
Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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i just thought it needs its own thread. Revenue Down to 5.43B from 6.92B Gross Profit Down to 141M from 2,285M PBT Down to (-1.58B) from +1.18B PAT Down to (-1.11B) from +0.83B Basic and Diluted EPS Down (-0.72) from +0.54 I know its not good to give bad news in a hurry, but it must be given anyway! Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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Those results are horrific! What reasons have been given for the poor performance? The harder you work, the luckier you get
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Rank: Member Joined: 4/25/2012 Posts: 110
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dunkang wrote:i just thought it needs its own thread.
Revenue Down to 5.43B from 6.92B
Gross Profit Down to 141M from 2,285M
PBT Down to (-1.58B) from +1.18B
PAT Down to (-1.11B) from +0.83B
Basic and Diluted EPS Down (-0.72) from +0.54
I know its not good to give bad news in a hurry, but it must be given anyway! A drop in profits was expected given that production slowed in the period as a result of cane shortage. But that, loss is a shock to me! Need the full report to tease out why. There is nothing as dangerous as an Idea, when there is only one Idea
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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T.E.R.R.I.B.L.E GOD BLESS YOUR LIFE
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Rank: Hello Joined: 2/28/2013 Posts: 1
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at 4.35, and still going down.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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Buffets. better a great company at a fair price, than a fair company at a great price. comes to mind. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Member Joined: 3/26/2012 Posts: 830
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4.2 has printed...a paka in the making...if they are making losses with the safeguards still in place,I wonder what will happen when safeguards expire...worst stock I ever bought...luckily am out at 4.55 today  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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Rank: Hello Joined: 11/8/2012 Posts: 6
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i ask myself what is the contribution from the water bottling plant to the revenue
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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At what price would you pick mumias? possunt quia posse videntur
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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As it stands,liquidation price - costs.Comesa issue put me off a long time ago. Uncertainty is certain.Let go
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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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maka wrote:At what price would you pick mumias? Personally, i won't touch this thing until the dust settles i.e. full year results. I have a negligeable amount of them and i will let them stay in the portfolio until they behave. Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Member Joined: 9/18/2006 Posts: 131
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maka wrote:At what price would you pick mumias? There are bidders asking for this monkey at 3.Lol. Don't think I would mind getting some at that price too. bids qty price Bid 1 6,600 4.20 Bid 2 50,000 4.00 Bid 3 200,000 3.50 Bid 4 100,000 3.05 Bid 5 200,000 3.00
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Capitulation as expected. Waiting for that order @3.85 to execute putting the low at 20.6% from previous close @4.85/- VWAP is still @4.50/- so we have a long way to go down... Breakouts (up or down) are powerful. Don't catch a falling knife! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 2/16/2013 Posts: 123 Location: MSA
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Too bad I proved myself right albeit painfully, it was all on the wall. Offloaded half at 4.8,down from 5 the rest I can wait. Been agonizing the whole day looking at this stock! Timely advice is as lovely as golden apples in a silver basket. Proverbs 25:11
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Rank: Member Joined: 3/20/2008 Posts: 503
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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SittingPretty wrote:Too bad I proved myself right albeit painfully, it was all on the wall. Offloaded half at 4.8,down from 5 the rest I can wait. Been agonizing the whole day looking at this stock! Your broker really messed you, next time do your research. "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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Rank: Elder Joined: 6/2/2011 Posts: 4,818 Location: -1.2107, 36.8831
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 its negative PAT Receive with simplicity everything that happens to you.” ― Rashi
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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SittingPretty wrote:Too bad I proved myself right albeit painfully, it was all on the wall. Offloaded half at 4.8,down from 5 the rest I can wait. Been agonizing the whole day looking at this stock! As time goes by u will wish you sold all. It'll go so low it will be unbelievable. The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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dunkang wrote: its negative PAT Negative profit, yaani ile profit huwekwa kwa bracket!!! Wapi @guka original wa bijuti? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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VWAP closed @4.20 as the breakout selloff works its way out. Now all that remains is whether the GFC low @3.40 will hold this ship or not. Looks like KQ around 30, so the room to fall is quite some height. And i hope they don't mention a rights issue. That would just kill it off. Chart target is 3.40. Beyond their it becomes a paka... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mumias Sugar HY2012/13 Results
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