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E.A Cables FY 2012 PAT Up 66 percent
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ChessMaster
#11 Posted : Thursday, February 28, 2013 7:30:44 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
murchr wrote:
dunkang wrote:
Copper Demand Outstrip Supply, because of China
A reason why E.A Cables will always make money, DEMAND!


How? They dont produce copper rather they require it as raw material?


As long as there is a need for development cables will thrive even if the cost of raw materials goes up(they'll just transfer it to the consumer).The major problem is cheaper products.But cheap is expensive and dangerous when it comes to such materials.Just my opinion.
Uncertainty is certain.Let go
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dunkang
#12 Posted : Thursday, February 28, 2013 7:39:14 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
murchr wrote:
dunkang wrote:
Copper Demand Outstrip Supply, because of China
A reason why E.A Cables will always make money, DEMAND!


How? They dont produce copper rather they require it as raw material?

China is buying the raw and using it all in its electrical and electronics industry, therefore;
- No cheap fakes from China to this region,
- Growing demand of Cu in the region can be met by a local manufacturer due to cost,
- the rising cost of Cu will keep off new manufacturers due to high Capital needed and inability to get the raw.
Receive with simplicity everything that happens to you.” ― Rashi

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murchr
#13 Posted : Thursday, February 28, 2013 8:09:21 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
@dunkang, dont you think that since China is buying in bulk, they are maximizing on the economies of scale and will eventually be supplying to the world at a cheaper price?
"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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ChessMaster
#14 Posted : Thursday, February 28, 2013 8:35:45 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
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dunkang
#15 Posted : Thursday, February 28, 2013 8:42:24 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
ChessMaster wrote:
http://www.nation.co.ke/business/news/-/1006/531404/-/j1u61oz/-/index.html

http://allafrica.com/stories/201302061087.html

With the chinese market demand jumping through the roof now, E.A Cables don't need to worry about imports.
Receive with simplicity everything that happens to you.” ― Rashi

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murchr
#16 Posted : Thursday, February 28, 2013 8:57:12 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
http://www.bloomberg.com...eficit-commodities.html

Please dont get me wrong, but my thinking is that the demand of copper by China will push the price of the raw material up, China will eventually produce a cheaper product and companies like KPLC and Umeme etc might just source for the finished product from China...(they aint bound to cables).

I could be wrong

"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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dunkang
#17 Posted : Thursday, February 28, 2013 9:05:46 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
murchr wrote:
http://www.bloomberg.com/news/2013-02-26/copper-winding-earth-105-times-shows-deficit-commodities.html

Please dont get me wrong, but my thinking is that the demand of copper by China will push the price of the raw material up, China will eventually produce a cheaper product and companies like KPLC and Umeme etc might just source for the finished product from China...(they aint bound to cables).

I could be wrong


I think you are wrong. The Cu is for local (Inside China) consumption, so there is none left to sell to the outer world.
Receive with simplicity everything that happens to you.” ― Rashi

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murchr
#18 Posted : Thursday, February 28, 2013 9:13:23 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
dunkang wrote:
murchr wrote:
http://www.bloomberg.com/news/2013-02-26/copper-winding-earth-105-times-shows-deficit-commodities.html

Please dont get me wrong, but my thinking is that the demand of copper by China will push the price of the raw material up, China will eventually produce a cheaper product and companies like KPLC and Umeme etc might just source for the finished product from China...(they aint bound to cables).

I could be wrong


I think you are wrong. The Cu is for local (Inside China) consumption, so there is none left to sell to the outer world.


Really? I hope i am
"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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mwekez@ji
#19 Posted : Thursday, February 28, 2013 9:17:05 PM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
@dunkang, dont call for high copper price. it'll bring a disaster to the ea-cable bottom line. FY12 we are enjoying the fruits of low metal prices
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ChessMaster
#20 Posted : Thursday, February 28, 2013 10:11:28 PM
Rank: Elder

Joined: 2/23/2009
Posts: 1,626
dunkang wrote:
ChessMaster wrote:
http://www.nation.co.ke/business/news/-/1006/531404/-/j1u61oz/-/index.html

http://allafrica.com/stories/201302061087.html

With the chinese market demand jumping through the roof now, E.A Cables don't need to worry about imports.


I'm curious,why would the Chinese be curious about imports now.Anyway,who's to say they will offer it at the same quality and at a cheaper price than cables.If they do,we'll know they are making a move.A major entrant like that won't sneak in.
Uncertainty is certain.Let go
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